Nonprofit · EIN 64-0782339
THE JIMMY A PAYNE FOUNDATION
Tax-exempt · HATTIESBURG, MS 39406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $717,197 | $594,358 | $122,839 | $11,697,962 | $0 | $11,697,962 |
| December 31, 2024 | 990 | $548,644 | $566,935 | -$18,291 | $10,499,966 | $0 | $10,499,966 |
| December 31, 2023 | 990 | $627,480 | $535,666 | $91,814 | $9,593,167 | $0 | $9,593,167 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $717,197
- Net gain from sales of assets
- $401,293
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $527,364
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,450
- Program services (functional)
- $527,364
- Management and general (functional)
- $66,994
Balance sheet and other
- Total assets, start of year
- $10,499,966
- Total assets, end of year
- $11,697,962
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,697,962
- Net assets without donor restrictions
- $11,697,962
- Gross receipts
- $1,854,992
- Employees
- 0
- Year formed
- 1990
- State of legal domicile
- MS
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stace Mercier | Secretary Trustee or director, Officer | 0 | $0 |
| APRIL P NALL | President Trustee or director, Officer | 0 | $0 |
| JONATHAN PAYNE | Vice President & Treasurer Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stace Mercier | Secretary Trustee or director, Officer | 0 | $0 |
| APRIL P NALL | President Trustee or director, Officer | 0 | $0 |
| JONATHAN PAYNE | Vice President & Treasurer Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stace Mercier | Secretary Trustee or director, Officer | 0 | $0 |
| APRIL P NALL | President Trustee or director, Officer | 0 | $0 |
| JONATHAN PAYNE | Vice President & Treasurer Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 118 COLLEGE DRIVE 5021, HATTIESBURG, MS 39406-0002
- In care of
- % STACE MERCIER
- Principal officer (990 for 2025)
- Stace Mercier, 118 College Drive 5021, Hattiesburg, MS 39406
- Signed the 990
- Jonathan Payne, Director
- Phone
- (601) 266-8525
- Return prepared by
- Forvis Mazars LLP
Mission
TO PROVIDE SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI.
Program accomplishments
- ALL GRANTS AND ALLOCATIONS ARE FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI.Expenses $527,364 · grants $527,364
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0782339
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $11,697,962
- Income (IRS master file)
- $1,854,992
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $717,197 | $594,358 | $11,697,962 | IRS |
| 990 | December 2024 | $548,644 | $566,935 | $10,499,966 | XML |
| 990 | December 2023 | $627,480 | $535,666 | $9,593,167 | XML |
| 990 | December 2022 | $175,665 | $637,927 | $8,488,237 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 64-0782339).
Questions about THE JIMMY A PAYNE FOUNDATION
- What is the EIN of THE JIMMY A PAYNE FOUNDATION?
- The employer identification number (EIN) of THE JIMMY A PAYNE FOUNDATION is 64-0782339.
- Is THE JIMMY A PAYNE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to THE JIMMY A PAYNE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE JIMMY A PAYNE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE JIMMY A PAYNE 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 THE JIMMY A PAYNE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE JIMMY A PAYNE FOUNDATION?
- The 990 for the year ended December 31, 2025 names Stace Mercier.
- Who are the officers and directors of THE JIMMY A PAYNE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does THE JIMMY A PAYNE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $717,197, expenses of $594,358 and total assets of $11,697,962 at year end.
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