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Nonprofit · EIN 35-2663861

PAY IT FOWARD FOUNDATION INC

Tax-exempt · MEBANE, NC 27302

Financials

$70K$56K2024$48K$37K2025
Revenue Expenses · by fiscal year end
Financials of PAY IT FOWARD FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$48,076$37,115$10,961$68,491$0$68,491
December 31, 2024990-PF$69,833$55,786$14,047$71,990$0$71,990
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$47,850
Dividends
$226

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$37,115
Excise tax on investment income
$3

Balance sheet and other

Total assets, start of year
$71,990
Total assets, end of year
$68,491
Total liabilities, end of year
$0
Net assets, end of year
$68,491
Fair market value of assets
$68,491
Qualifying distributions
$37,115
Net investment income
$226

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
PAUL BURNS
203 COLONIAL WAY, MEBANE, NC 27302
PRESIDENT0$0
MIKE LOFLIN
203 COLONIAL WAY, MEBANE, NC 27302
DIRECTORS0$0
JERRY BAILEY
203 COLONIAL WAY, MEBANE, NC 27302
DIRECTORS0$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
PAUL BURNS
203 COLONIAL WAY, MEBANE, NC 27302
PRESIDENT0$0
MIKE LOFLIN
203 COLONIAL WAY, MEBANE, NC 27302
DIRECTORS0$0
JERRY BAILEY
203 COLONIAL WAY, MEBANE, NC 27302
DIRECTORS0$0

Address and contacts

Address (IRS master file)
203 COLONIAL WAY, MEBANE, NC 27302-7187
In care of
% PAUL D BURNS
Mailing address (990-N for 2023)
203 COLONIAL WAY, MEBANE NC 27302
Principal officer (990-N for 2023)
PAUL BURNS, 203 COLONIAL WAY, MEBANE NC 27302
Signed the 990-PF
PAUL BURNS, OFFICER
Phone
(919) 247-8585
Return prepared by
HAUK KRUSE & ASSOCIATES 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
35-2663861
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
2020
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Education (B82)
Assets (IRS master file)
$68,491
Income (IRS master file)
$48,076

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$48,076$37,115$68,491XML
990-PFDecember 2024$69,833$55,786$71,990XML
990-N for 2023
Officer: PAUL BURNS
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2022
Officer: PAUL BURNS
December 31, 2022≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: PAUL BURNS
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Paul D Burns
December 31, 2019≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 35-2663861).

Questions about PAY IT FOWARD FOUNDATION INC

What is the EIN of PAY IT FOWARD FOUNDATION INC?
The employer identification number (EIN) of PAY IT FOWARD FOUNDATION INC is 35-2663861.
Is PAY IT FOWARD FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to PAY IT FOWARD FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does PAY IT FOWARD FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of PAY IT FOWARD FOUNDATION INC 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 FOWARD FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who is the principal officer of PAY IT FOWARD FOUNDATION INC?
The 990-N for 2023 names PAUL BURNS.
Who are the officers and directors of PAY IT FOWARD FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does PAY IT FOWARD FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $48,076, expenses of $37,115 and total assets of $68,491 at year end.

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