Nonprofit · EIN 64-0782340
THE LARRY PAYNE FOUNDATION
Tax-exempt · HATTIESBURG, MS 39402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $268,235 | $617,870 | -$349,635 | $3,515,065 | $0 | $3,515,065 |
| December 31, 2024 | 990 | $368,739 | $494,126 | -$125,387 | $3,864,700 | $0 | $3,864,700 |
| December 31, 2023 | 990 | $308,685 | $215,180 | $93,505 | $3,990,087 | $0 | $3,990,087 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $268,235
- Net gain from sales of assets
- $147,453
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $463,060
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $750
- Travel
- $3,014
- Depreciation
- $5,655
- Program services (functional)
- $567,860
- Management and general (functional)
- $50,010
Balance sheet and other
- Total assets, start of year
- $3,864,700
- Total assets, end of year
- $3,515,065
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,515,065
- Land, buildings and equipment
- $3,827
- Publicly traded securities
- $3,511,238
- Gross receipts
- $854,913
- Employees
- 0
- Volunteers
- 2
- 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 |
|---|---|---|---|
| JAMES L PAYNE JR | DIRECTOR Trustee or director | 10 | $0 |
| ROBERT JACKSON SR ATTY | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES L PAYNE JR | DIRECTOR Trustee or director | 10 | $26,400 |
| ROBERT JACKSON SR ATTY | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH PAYNE | DIRECTOR Trustee or director | 10 | $0 |
| ROBERT JACKSON SR ATTY | DIRECTOR Trustee or director | 0 | $0 |
| JAMES L PAYNE JR | DIRECTOR Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 91 BRIDGEWATER DR, HATTIESBURG, MS 39402-8364
- Principal officer (990 for 2025)
- JAMES L PAYNE JR, 91 BRIDGEWATER, HATTIESBURG, MS 39402
- Signed the 990
- JAMES L PAYNE JR, DIRECTOR
- Phone
- (601) 818-9400
- Return prepared by
- KEENE BOURNE HAIGLER & SANDERSON
Mission
TO MAKE CONTRIBUTIONS FOR THE BENEFIT OF ANY 501(3)(c) SCHOOL
Program accomplishments
- ALL CONTRIBUTIONS ARE MADE FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MS, UNIVERSITY OF MS, UNIVERSITY MEDICAL SCHOOL, UNIVERSITY OF ALABAMA, AND VARIOUS OTHER STATE SUPPORTED INSTITUTIONS.Expenses $567,860 · grants $567,860
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
- 64-0782340
- 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)
- $3,515,065
- Income (IRS master file)
- $854,913
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $268,235 | $617,870 | $3,515,065 | XML |
| 990 | December 2024 | $368,739 | $494,126 | $3,864,700 | XML |
| 990 | December 2023 | $308,685 | $215,180 | $3,990,087 | XML |
| 990 | December 2022 | $108,432 | $224,704 | $3,906,094 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 64-0782340).
Questions about THE LARRY PAYNE FOUNDATION
- What is the EIN of THE LARRY PAYNE FOUNDATION?
- The employer identification number (EIN) of THE LARRY PAYNE FOUNDATION is 64-0782340.
- Is THE LARRY PAYNE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to THE LARRY PAYNE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE LARRY 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 LARRY 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 LARRY 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 LARRY PAYNE FOUNDATION?
- The 990 for the year ended December 31, 2025 names JAMES L PAYNE JR.
- Who are the officers and directors of THE LARRY PAYNE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does THE LARRY PAYNE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $268,235, expenses of $617,870 and total assets of $3,515,065 at year end.
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