Civic Intelligence

The Larry Payne Foundation

990 • Fiscal year 2019 • EIN 64-0782340

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 29, 2020

Organization ProfileN/A
9 North Heron CoveHattiesburg, MS 39402

(601) 261-3730

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

45th percentile

1.5%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-38%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$3,520,202

Up $52,998 (+1.5%) from 2018

Net Assets

Up

$3,520,202

Up $52,998 (+1.5%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin75th percentile

Revenue

Down

$121,233

Down $74,210 (-38%) from 2018

Expenses

Down

$99,855

Down $52,688 (-35%) from 2018

Net Income

Down

$21,378

Down $21,522 (-50%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,461,006Liabilities 2011: $0Net Assets 2011: $1,461,0062011Assets 2012: $1,501,325Liabilities 2012: $0Net Assets 2012: $1,501,3252012Assets 2013: $2,567,467Liabilities 2013: $0Net Assets 2013: $2,567,4672013Assets 2014: $2,988,796Liabilities 2014: $0Net Assets 2014: $2,988,7962014Assets 2015: $3,556,259Liabilities 2015: $0Net Assets 2015: $3,556,2592015Assets 2016: $3,554,833Liabilities 2016: $0Net Assets 2016: $3,554,8332016Assets 2017: $3,509,392Liabilities 2017: $0Net Assets 2017: $3,509,3922017Assets 2018: $3,467,204Liabilities 2018: $0Net Assets 2018: $3,467,2042018Assets 2019: $3,520,202Liabilities 2019: $0Net Assets 2019: $3,520,2022019Assets 2020: $3,524,718Liabilities 2020: $0Net Assets 2020: $3,524,7182020Assets 2021: $3,607,325Liabilities 2021: $0Net Assets 2021: $3,607,3252021Assets 2022: $3,906,094Liabilities 2022: $9,512Net Assets 2022: $3,896,5822022Assets 2023: $3,990,087Liabilities 2023: $0Net Assets 2023: $3,990,0872023Assets 2024: $3,864,700Liabilities 2024: $0Net Assets 2024: $3,864,7002024

Highlighted filing

2019

Assets$3,520,202
Liabilities$0
Net Assets$3,520,202
Open 2019 Filing

Operations Trend

Revenue Growth7th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $113,650Expenses 2011: $78,554Net Income 2011: $35,0962011Revenue 2012: $136,238Expenses 2012: $95,919Net Income 2012: $40,3192012Revenue 2013: $1,148,595Expenses 2013: $82,453Net Income 2013: $1,066,1422013Revenue 2014: $441,750Expenses 2014: $120,421Net Income 2014: $321,3292014Revenue 2015: $680,728Expenses 2015: $113,265Net Income 2015: $567,4632015Revenue 2016: $91,012Expenses 2016: $92,438Net Income 2016: -$1,4262016Revenue 2017: $265,613Expenses 2017: $311,054Net Income 2017: -$45,4412017Revenue 2018: $195,443Expenses 2018: $152,543Net Income 2018: $42,9002018Revenue 2019: $121,233Expenses 2019: $99,855Net Income 2019: $21,3782019Revenue 2020: $110,813Expenses 2020: $106,297Net Income 2020: $4,5162020Revenue 2021: $242,955Expenses 2021: $160,348Net Income 2021: $82,6072021Revenue 2022: $108,432Expenses 2022: $224,704Net Income 2022: -$116,2722022Revenue 2023: $308,685Expenses 2023: $215,180Net Income 2023: $93,5052023Revenue 2024: $368,739Expenses 2024: $494,126Net Income 2024: -$125,3872024

Highlighted filing

2019

Revenue$121,233
Expenses$99,855
Net Income$21,378
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 29, 2020
Return Version
2019v5.1
Gross Receipts
$783,247
Mission and Program Overview

Mission

To make contributions for

To make contributions for the benefit of the university of southern mississippi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,459,729$3,520,202▲ $60,473
Rtn Earn Endowment Incm Other Fnds$3,467,204$3,520,202▲ $52,998
Cash and Non-Interest-Bearing Accounts$7,475--
Total Assets$3,467,204$3,520,202▲ $52,998
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,467,204$3,520,202▲ $52,998
Total Liabilities and Net Assets / Fund Balance$3,467,204$3,520,202▲ $52,998
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
James L Payne JrDirector
Larry PayneDirector
Liz PayneDirector
Robert Jackson Sr AttyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$121,233
Other Revenue
$0
Change in Net Assets
$21,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$95,479
Other Expenses$4,376
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$95,479--$95,479
Other Expenses$0$2,056$0$2,056
Fees for Services Accounting$0$1,500$0$1,500
Fees for Services Legal$0$820$0$820
Total Functional Expenses$95,479$4,376$0$99,855
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Usm FoundationHattiesburg, MS501(c)(3)Educational Support$144,612
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Larry Payne Foundation
EIN
64-0782340
Phone
6012613730
Address
9 NORTH HERON COVE, HATTIESBURG, MS 39402

Signing Officer

Name
Elizabeth Payne
Title
Director
Phone
6012613730
Signed
2020-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Payne
Formed
1990
Legal Domicile
Ms
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Keene Bourne Haigler & Sanderson
Address
12 PROFESSIONAL PKWY, HATTIESBURG, MS 39402
Preparer
Pamela W Bourne CPA
Phone
6012962521
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Directors larry payne and liz payne are husband and wife.”

Pt VI, Line 11B

“Liz payne, a director of the board, reviews the 990 prior to filing”

Pt VI, Line 11B

“And provides a copy to the full board after filing for their review.”

Pt VI, Line 19

“The organization allows its governing documents, financial statements, and other documents of”

Pt VI, Line 19

“Similar nature to be made available to the public upon request.”

Raw XML Appendix325 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTORS LARRY PAYNE AND LIZ PAYNE ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LIZ PAYNE, A DIRECTOR OF THE BOARD, REVIEWS THE 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AND PROVIDES A COPY TO THE FULL BOARD AFTER FILING FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION ALLOWS ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND OTHER DOCUMENTS OF
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IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039402
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH PAYNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06012613730
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LARRY PAYNE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LARR
ReturnHeader/Filer/EIN0640782340
ReturnHeader/Filer/PhoneNum06012613730
ReturnHeader/Filer/USAddress/AddressLine1Txt09 NORTH HERON COVE
ReturnHeader/Filer/USAddress/CityNm0HATTIESBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039402
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D4F88722D483DA137669750871D89A726F231A5F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D4F88722D483DA137669750871D89A726F231A5F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.235.91.162
ReturnHeader/FilingSecurityInformation/IPDt02020-09-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm010:30:57
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEENE BOURNE HAIGLER & SANDERSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012 PROFESSIONAL PKWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HATTIESBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039402
ReturnHeader/PreparerPersonGrp/PhoneNum06012962521
ReturnHeader/PreparerPersonGrp/PreparationDt02020-09-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAMELA W BOURNE CPA
ReturnHeader/ReturnTs02020-09-29T10:31:11-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,520,202
Liabilities
$0
Net assets
$3,520,202
Revenue
$121,233
Expenses
$99,855
Net income
$21,378
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.86$0.00$3.86$0.37$0.49$0.13
2023Summary only. Only limited summary data is available for this year.$3.99$0.00$3.99$0.31$0.22$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.91$0.01$3.90$0.11$0.22$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$0.00$3.61$0.24$0.16$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.00$3.52$0.11$0.11$0.00
2019Detailed filing. Detailed filing data is available for this year.$3.52$0.00$3.52$0.12$0.10$0.02
2018Summary only. Only limited summary data is available for this year.$3.47$0.00$3.47$0.20$0.15$0.04
2017Summary only. Only limited summary data is available for this year.$3.51$0.00$3.51$0.27$0.31$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$0.00$3.55$0.09$0.09$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$0.00$3.56$0.68$0.11$0.57
2014Summary only. Only limited summary data is available for this year.$2.99$0.00$2.99$0.44$0.12$0.32
2013Summary only. Only limited summary data is available for this year.$2.57$0.00$2.57$1.15$0.08$1.07
2012Summary only. Only limited summary data is available for this year.$1.50$0.00$1.50$0.14$0.10$0.04
2011Summary only. Only limited summary data is available for this year.$1.46$0.00$1.46$0.11$0.08$0.04