Nonprofit · EIN 13-5563006
PAYNE FUND INC
Tax-exempt · CLEVELAND, OH 44115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,027,474 | $1,191,149 | -$163,675 | $3,321,061 | $11,796 | $3,309,265 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $828,825
- Dividends
- $85,435
- Net gain from sales of assets
- $113,214
Expenses
- Grants and similar amounts paid
- $843,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,065,464
- Excise tax on investment income
- $1,786
Balance sheet and other
- Total assets, start of year
- $3,521,106
- Total assets, end of year
- $3,321,061
- Total liabilities, end of year
- $11,796
- Net assets, end of year
- $3,309,265
- Fair market value of assets
- $3,321,061
- Qualifying distributions
- $1,065,464
- Net investment income
- $198,649
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENYON C BOLTON III 3050 PROSPECT AVE EAST, CLEVELAND, OH 44115 | VICE PRESIDENT | 1 | $0 |
| OLIVER C GRATRY 3050 PROSPECT AVE EAST, CLEVELAND, OH 44115 | VICE PRESIDENT | 1 | $0 |
| WILLIAM B BOLTON 3050 PROSPECT AVE EAST, CLEVELAND, OH 44115 | TREASURER | 1 | $0 |
| BARBARA B GRATRY 3050 PROSPECT AVE EAST, CLEVELAND, OH 44115 | PRESIDENT | 1 | $0 |
| HUGH B BOLTON 3050 PROSPECT AVE EAST, CLEVELAND, OH 44115 | VICE PRESIDENT | 1 | $0 |
| KIM SCOTT 3050 PROSPECT AVE EAST, CLEVELAND, OH 44115 | SECRETARY | 1 | $0 |
| FRANCES B WILMERDING 3050 PROSPECT AVE EAST, CLEVELAND, OH 44115 | VICE PRESIDENT | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3050 PROSPECT AVENUE EAST, CLEVELAND, OH 44115-2683
- In care of
- % CHARLES P BOLTON
- Signed the 990-PF
- BARBARA B GRATRY, PRESIDENT
- Phone
- (216) 696-1621
- Return prepared by
- MALONEY NOVOTNY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-5563006
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1930
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $3,321,061
- Income (IRS master file)
- $1,027,474
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $817,397 | $1,109,168 | $3,521,106 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about PAYNE FUND INC
- What is the EIN of PAYNE FUND INC?
- The employer identification number (EIN) of PAYNE FUND INC is 13-5563006.
- Is PAYNE FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1930.
- Are donations to PAYNE FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PAYNE FUND INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PAYNE FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PAYNE FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of PAYNE FUND INC?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does PAYNE FUND INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,027,474, expenses of $1,191,149 and total assets of $3,321,061 at year end.
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