Pay It Forward Inc
- Assets
- $345.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elkridge, MD
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 46-1726716
Organization Overview
Pay It Forward Inc is located in Elkridge, MD. The organization was established in 2013. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Pay It Forward 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, Pay It Forward Inc generated $281.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $321.0 during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PAY IT FORWARD HAS RESEARCHED AND IDENTIFIED SEVERAL PROGRAMS THAT WILL HAVE A POSITIVE IMPACT ON THE ENVIRONMENT, WELLNESS, FAMILIES, AND THE ECONOMY. THESE INCLUDE BUSINESS OPPORTUNITIES, RECYCLING INITIATIVES, CONSTRUCTION OF GASIFICATION AND ALTERNATIVE FUEL PLANTS, REPURPOSING ABANDONED PROPERTIES, REVITALIZING THE US SHIPBUILDING INDUSTRY, AND FOOD AND NUTRITION ALTERNATIVES FOR HEALTH AND WELLNESS, TO NAME A FEW. TO DATE, WE HAVE ACCOMPLISHED CONNECTING WITH SUBJECT MATTER EXPERTS, BUSINESSES, AND PEOPLE WHO IDENTIFY WITH AND SHARE THE SAME PASSION FOR THE IDENTIFIED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Morton President, Treasurer, And Director | 10 | $0 | |
Sherry L Bukowski Secretary And Director | 10 | $0 | |
John Hui Director | 1 | $0 | |
Lonnie Reeder Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $281 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $281 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $321 |
| Total expenses | $321 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $345 |
| Other assets | $0 |
| Total assets | $345 |
| Total liabilities | $0 |
| Net assets or fund balances | $345 |