Civic Intelligence

A Pay IT Forward Scholarship Corporation

990 • Fiscal year 2024 • EIN 27-5096979

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 28, 2025

615 Oak Street AGainesville, GA 30501

(770) 534-3611

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

37th percentile

-0.7%

Higher net margin than 37% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$62,500

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

31st percentile

-1.8%

Faster asset growth than 31% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-8.5%

Faster revenue growth than 23% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$436,471

Up $155,241 (+55%) from 2021

Net Assets

Up

$435,260

Up $159,408 (+58%) from 2021

Liabilities

Down

$1,211

Down $4,167 (-77%) from 2021

Revenue

Up

$1,416,090

Up $494,159 (+54%) from 2021

Expenses

Up

$1,425,515

Up $630,245 (+79%) from 2021

Net Income

Down

-$9,425

Down $136,086 (-107%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2015: $166,863Liabilities 2015: $0Net Assets 2015: $166,8632015Assets 2016: $137,085Liabilities 2016: $0Net Assets 2016: $137,0852016Assets 2017: $116,459Liabilities 2017: $0Net Assets 2017: $116,4592017Assets 2018: $106,366Liabilities 2018: $0Net Assets 2018: $106,3662018Assets 2019: $137,548Liabilities 2019: $42,657Net Assets 2019: $94,8912019Assets 2020: $186,951Liabilities 2020: $37,760Net Assets 2020: $149,1912020Assets 2021: $281,230Liabilities 2021: $5,378Net Assets 2021: $275,8522021Assets 2024: $436,471Liabilities 2024: $1,211Net Assets 2024: $435,2602024

Highlighted filing

2024

Assets$436,471
Liabilities$1,211
Net Assets$435,260

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $1,171,015Expenses 2015: $1,091,512Net Income 2015: $79,5032015Revenue 2016: $962,765Expenses 2016: $992,543Net Income 2016: -$29,7782016Revenue 2017: $740,149Expenses 2017: $760,775Net Income 2017: -$20,6262017Revenue 2018: $781,301Expenses 2018: $791,394Net Income 2018: -$10,0932018Revenue 2019: $909,644Expenses 2019: $921,119Net Income 2019: -$11,4752019Revenue 2020: $904,516Expenses 2020: $850,216Net Income 2020: $54,3002020Revenue 2021: $921,931Expenses 2021: $795,270Net Income 2021: $126,6612021Revenue 2024: $1,416,090Expenses 2024: $1,425,515Net Income 2024: -$9,4252024

Highlighted filing

2024

Revenue$1,416,090
Expenses$1,425,515
Net Income-$9,425
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 28, 2025
Return Version
2023v6.0
Gross Receipts
$1,416,090
Mission and Program Overview

Mission

Provide tuition scholarships to pre-k through 12th grade georgia private school students in accordance with georgia hb 283.

Provide tuition scholarships to pre-k through 12th grade georgia private school students in accordance with georgia law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$444,685$436,471▼ $8,214
Total Assets$444,685$436,471▼ $8,214
Liabilities
Accounts Payable and Accrued Expenses-$1,211-
Total Liabilities$0$1,211▲ $1,211
Net Assets / Fund Balance
Net Assets With Donor Restrictions$401,950$226,685▼ $175,265
Net Assets Without Donor Restrictions$42,735$208,575▲ $165,840
Total Net Assets Fund Balance$444,685$435,260▼ $9,425
Total Liabilities and Net Assets / Fund Balance$444,685$436,471▼ $8,214
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cary SinnettBoard Chair (outgoing)PT$62,500$62,500
Laura HaynesExecutive DirectorFT$53,250$53,250

Board Members and Trustees

NameTitle
Merritt StewartBoard Chair
Elisabeth BaldwinVice-chair
Amber AndersonBoard Member
Dixie TrueloveBoard Member
Jason BufordBoard Member
Jon GoinsBoard Member
Shannon HornBoard Member
Julia GreeneSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,416,090
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,416,090
Change in Net Assets
$-9,425

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,416,090
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,416,090
Total Revenue per Form 990
$1,416,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,266,434
Salaries, Compensation, and Employee Benefits$97,156
Other Expenses$61,925
Total Fundraising Expense$52,293
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,266,434--$1,266,434
Current Officers, Directors, Trustees, and Key Employees$22,584$22,584$45,168$90,336
Fees for Services Other-$48,963-$48,963
Payroll Taxes$1,705$1,705$3,410$6,820
Office Expenses$1,199$1,199$2,397$4,795
Information Technology-$3,593-$3,593
Occupancy$659$659$1,318$2,636
Insurance-$1,763-$1,763
Other Expenses-$175-$175
Total Functional Expenses$1,292,581$80,641$52,293$1,425,515

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,425,515
Total Expenses per Audited Statements$1,425,515
Total Expenses per Form 990$1,425,515
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is circulated to the board for approval via email.

Form 990, Part VI, Section B, Line 12C

Each new board member shall be required to review a copy of this policy and to acknowledge in writing that he or she has done so. Each board member must annually complete a disclosure form identifying any relationships, positions, or circumstances in which the board member is involved that he or she believes could contribute to a conflict of interest arising. Each board member should also disclose to the board of directors any potential conflict of interest that may arise during the course of the year between the submission of annual disclosure forms. This policy is reviewed annually by each member of the board of directors. Any changes to the policy shall be communicated immediately to all board members.

Form 990, Part VI, Section B, Line 15

990, in 2012 the governing body underwent a research and examination process to determine an appropriate compensation model for an executive director position. This process was reviewed, and approved by an independent group with expertise in non-profit compensation, which included comparability data and contemporaneous substantiation of the deliberation and decision. In 2013 the governing body reviewed this information to confirm its validity over time. Compensation for all employees is reviewed by the board of directors, and is comparable to or, less than industry standards

Form 990, Part VI, Section C, Line 18

The form 1023, 990, and other related tax documents are available upon request. The 990 is also available on various websites.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
A Pay It Forward Scholarship Corporation
EIN
27-5096979
Phone
7705343611
Address
615 OAK STREET A, GAINESVILLE, GA 30501

Signing Officer

Name
Laura Haynes
Title
Executive Director
Phone
7705343611
Signed
2025-04-28

Organization Details

Principal Officer
Laura Haynes
Formed
2011
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
0

Preparer

Firm
Marshall Jones
Address
30000 MILL CREEK AVE STE 340, ALPHARETTA, GA 30022
Preparer
Nathan Lummus
Phone
4042312001
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization only recognizes the tax benefit from an uncertain tax position taken or expected to be taken in a tax return if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Management has analyzed tax positions taken for filings with the internal revenue service and all state jurisdictions where the organization operates. Management believes that income tax filing positions would be sustained upon examination and does not anticipate that any adjustments would result in a material adverse effect on the organization's financial condition, results of operations or cash flows. Accordingly, the organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at june 30, 2024.

Raw XML Appendix378 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05681165
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ONLY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE THE ORGANIZATION OPERATES. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE THAT ANY ADJUSTMENTS WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalRevenuePerForm990Amt01416090
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS CIRCULATED TO THE BOARD FOR APPROVAL VIA EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH NEW BOARD MEMBER SHALL BE REQUIRED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH BOARD MEMBER MUST ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE BOARD MEMBER IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. EACH BOARD MEMBER SHOULD ALSO DISCLOSE TO THE BOARD OF DIRECTORS ANY POTENTIAL CONFLICT OF INTEREST THAT MAY ARISE DURING THE COURSE OF THE YEAR BETWEEN THE SUBMISSION OF ANNUAL DISCLOSURE FORMS. THIS POLICY IS REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED IMMEDIATELY TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990, IN 2012 THE GOVERNING BODY UNDERWENT A RESEARCH AND EXAMINATION PROCESS TO DETERMINE AN APPROPRIATE COMPENSATION MODEL FOR AN EXECUTIVE DIRECTOR POSITION. THIS PROCESS WAS REVIEWED, AND APPROVED BY AN INDEPENDENT GROUP WITH EXPERTISE IN NON-PROFIT COMPENSATION, WHICH INCLUDED COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. IN 2013 THE GOVERNING BODY REVIEWED THIS INFORMATION TO CONFIRM ITS VALIDITY OVER TIME. COMPENSATION FOR ALL EMPLOYEES IS REVIEWED BY THE BOARD OF DIRECTORS, AND IS COMPARABLE TO OR, LESS THAN INDUSTRY STANDARDS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 1023, 990, AND OTHER RELATED TAX DOCUMENTS ARE AVAILABLE UPON REQUEST. THE 990 IS ALSO AVAILABLE ON VARIOUS WEBSITES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080641
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01292581
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IRS990/TotalReportableCompFromOrgAmt0115750
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IRS990/WebsiteAddressTxt0PAYITFORWARDSCHOLARSHIPS.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURA HAYNES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07705343611
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0A PAY IT FORWARD SCHOLARSHIP CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0APAY
ReturnHeader/Filer/EIN0275096979
ReturnHeader/Filer/PhoneNum07705343611
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ReturnHeader/Form8822BAttachedInd0X
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832175462
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARSHALL JONES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030000 MILL CREEK AVE STE 340
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALPHARETTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030022
ReturnHeader/PreparerPersonGrp/PhoneNum04042312001
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NATHAN LUMMUS
ReturnHeader/ReturnTs02025-04-28T13:25:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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