Pay-It-Forward Foundation
- Assets
- $745.4k
- Revenue
- $176.8k
- Investments
- $743.4k
- Employees
- 0
- Location
- Paradise Valley, AZ
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 80-0174574
Organization Overview
Pay-It-Forward Foundation is located in Paradise Valley, AZ. The organization was established in 2008. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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 Foundation 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 Foundation generated $176.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $25.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg E Podd President & CEO | 10 | $0 | |
Pamela K Podd Director | 0 | $0 | |
Kyle A Podd Director | 0 | $0 | |
Melanie M Fargo Podd Director | 0 | $0 | |
Bryan G Podd Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $160,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,078 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,711 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $176,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $629 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $629 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $25,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,076 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $743,362 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $745,438 |
| 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, Pay-It-Forward Foundation has awarded $42,785 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE ROTARY VOCATIONAL FUND OF ARIZONA PURPOSE: UNRESTRICTED CONTRIBUTION | $17,785 |
RED ROCKS COMMUNITY COLLEGE FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION | $25,000 |