L Robert & Patricia L Payne Family Foundation Inc
- Assets
- $7.2m
- Revenue
- $1.4m
- Investments
- $7.1m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 11/2000
- Data as of
- 12/2023
- EIN
- 33-0923365
Organization Overview
L Robert & Patricia L Payne Family Foundation Inc is located in San Diego, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L Robert & Patricia L Payne Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, L Robert & Patricia L Payne Family Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $943.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, L Robert & Patricia L Payne Family Foundation Inc has awarded 453 individual grants totaling $8,570,701. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon L Payne President & CEO | 2 | $0 | |
Susan M Payne Vice President | 2 | $0 | |
Gary Payne Vice President | 2 | $0 | |
Daniel Weber Assistant Secretary | 2 | $0 | |
Meghan K Despain Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $630,022 |
| Interest on Savings | $30,298 |
| Dividends & Interest | $121,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $653,369 |
| Capital Gain Net Income | $653,369 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $587 |
| Total Revenue | $1,436,106 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,046 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,587 |
| Total operating and administrative expenses | $49,633 |
| Contributions, gifts, grants paid | $893,795 |
| Total expenses and disbursements | $943,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,275 |
| Savings and temporary cash investments | $83,811 |
| Net Accounts receivable | $3,520 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,207,978 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, L Robert & Patricia L Payne Family Foundation Inc has awarded $893,795 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF OUR LADY OF PEACE PURPOSE: UNRESTRICTED | $20,500 |
ASELTINE SCHOOL PURPOSE: UNRESTRICTED | $500 |
BOYS & GIRLS CLUB PURPOSE: UNRESTRICTED | $96,000 |
BACH COLLEGIUM PURPOSE: UNRESTRICTED | $125,000 |
BRAILLE INSTITUTE PURPOSE: UNRESTRICTED | $15,000 |
BUDO ACCELERATOR PURPOSE: UNRESTRICTED | $15,000 |