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Nonprofit · EIN 32-0572142

PAY IT FORWARD FOUNDATION

Tax-exempt · WALDORF, MD 20603

Financials

$7K$1K2024$7K$7K2025
Revenue Expenses · by fiscal year end
Financials of PAY IT FORWARD FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$7,000$7,205-$205$11,199$0$11,199
December 31, 2024990-EZ$7,000$1,285$5,715$11,404$0$11,404
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$7,000

Expenses

Grants and similar amounts paid
$6,000
Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$700
Other expenses
$505

Balance sheet and other

Total assets, start of year
$11,404
Total assets, end of year
$11,199
Total liabilities, end of year
$0
Net assets, end of year
$11,199
Cash, savings and investments
$11,199
Gross receipts
$7,000

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Richard JacksonPresident3$0
Pamela JacksonSecretaryTreasurer3$0
Lucretia BoyerDirector1$0
William EvansDirector1$0
Robert SaundersDirector1$0
Elaine McCainDirector1$0
990-EZ for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensation
Richard JacksonPresident3$0
Pamela JacksonSecretaryTreasurer3$0
Lucretia BoyerDirector1$0
William EvansDirector1$0
Robert SaundersDirector1$0
Elaine McCainDirector1$0

Address and contacts

Address (IRS master file)
2417 BERRY THICKET CT, WALDORF, MD 20603-4914
In care of
% RICHARD JACKSON
Mailing address (990-N for 2020)
2413 Berry Thicket Ct, Waldorf MD 20603
Principal officer (990-N for 2020)
Richard Allen Jackson, 2413 Berry Thicket Ct, Waldorf MD 20603
Signed the 990-EZ
RICHARD JACKSON, President
Phone
(301) 213-7132
Return prepared by
CAM Tax Services

Mission

College Scholarships

990-EZ for the year ended December 31, 2025

Program accomplishments

  • Raise and distribute college shcolarships to students of color

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
32-0572142
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B99)
Assets (IRS master file)
$11,199
Income (IRS master file)
$7,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025–––IRS
990-EZDecember 2024–––IRS
990-EZDecember 2023$4,773$6,275$5,689IRS
990-EZDecember 2022–––IRS
990-N for 2020
Officer: Richard Allen Jackson
December 31, 2020≤ $50,000 receipts––e-Postcard

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 PAY IT FORWARD FOUNDATION

What is the EIN of PAY IT FORWARD FOUNDATION?
The employer identification number (EIN) of PAY IT FORWARD FOUNDATION is 32-0572142.
Is PAY IT FORWARD FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to PAY IT FORWARD FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PAY IT FORWARD FOUNDATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of PAY IT FORWARD FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PAY IT FORWARD FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who is the principal officer of PAY IT FORWARD FOUNDATION?
The 990-N for 2020 names Richard Allen Jackson.
Who are the officers and directors of PAY IT FORWARD FOUNDATION?
The 990-EZ for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does PAY IT FORWARD FOUNDATION have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $7,000, expenses of $7,205 and total assets of $11,199 at year end.

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