Pay It Forward Foundation in San Luis Obispo, California (CA)
Table of contents:
| Pay It Forward Foundation | |
| Employer Identification Number (EIN) | 954810010 |
| Name of Organization | Pay It Forward Foundation |
| In Care of Name | Kerry Taylor |
| Address | Po Box 4543, San Luis Obispo, CA 93403 |
| Website | http://www.pifexperience.com |
| Subsection | Charitable Organization |
| Ruling Date | 09/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2011 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $48,094 |
| Amount of Income | $93,761 |
| Form 990 Revenue Amount | $62,016 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2011: $93,761 (it was $62,016 in 2014)
| This organization: | $93,761 |
| Other organizations performing similar types of work: | $71,328 |
Assets in 2011: $48,094 (it was $48,094 in 2014)
| This organization: | $48,094 |
| Other organizations performing similar types of work: | $50,799 |
Expenses in 2014: $53,026
| This organization: | $53,026 |
| Other organizations performing similar types of work: | $47,311 |
Income to expenses ratio in 2014: 1.8
| Pay It Forward Foundation: | 1.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 53.2%
| This organization: | 53.2% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2013 | 2014 | |
|---|---|---|
| Total revenue | $70,206 | $62,016 |
| Contributions, gifts, grants, and similar amounts received | $32,678 | $33,018 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $85 | $85 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $37,443 | $28,913 |
| Gross sales of inventory, less returns and allowances | $95,214 | $60,658 |
| Less: cost of goods sold | $57,771 | $31,745 |
| Other revenue | $0 | $0 |
| Total expenses | $51,632 | $53,026 |
| Total net assets | $38,660 | $47,672 |
| Excess/Deficit for the year | $18,574 | $8,990 |
| Net assets or fund balances at beginning of year | $20,086 | $38,682 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $38,660 | $47,673 |
| Balance Sheets | ||
| 2013 | 2014 | |
|---|---|---|
| Total assets | $38,915 | $48,094 |
| Total liabilities | $256 | $422 |
| Net assets or fund balances | $38,660 | $47,672 |
| Other Information | ||
| 2013 | 2014 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | Yes | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $115,007 |
| Subtotal Support | $115,007 |
| Gifts, grants, contributions, and membership fees received | $115,007 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $115,329 |
| Public Support | $115,007 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $322 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $66,356 |
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| 6 | St Baldricks Foundation Inc | 1333 South Mayflower Drive, Monrovia, CA 91016-4066 | CA | 2004-12 | $39,353,266 |
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| 15 | Gary Sinise Foundation | Ste 1050, Los Angeles, CA 90067 | CA | 2010-10 | $9,234,572 |
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| 18 | Sarah Ketterer Family Foundation | 15900 Alcima Ave, Pacific Plsds, CA 90272-2404 | CA | 2014-07 | $5,112,219 |
| 19 | Weinstein Family Foundation | One Ferry Building, San Francisco, CA 94111-4209 | CA | 1999-07 | $3,744,220 |
| 20 | Sequoia Foundation | 2166 Avenida De La Playa Ste D, La Jolla, CA 92037-3238 | CA | 1985-10 | $3,374,200 |
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| Total | 13,855 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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