RAY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
RAY FOUNDATION (EIN 63-1159873)
Tax period
2023-09-01 to 2024-08-31
Filed
2024-12-09
IRS object ID
202403449349100505
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-12-09T12:47:28-05:00ReturnTs
Tax Period End2024-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN631027759PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JAMES S SNOW & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13 OFFICE PARK CIR STE 302AddressLine1Txt
CityMOUNTAIN BROOKCityNm
State AbbreviationALStateAbbreviationCd
ZIP352232536ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN631159873EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE RAY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRAYFBusinessNameControlTxt
Phone2058793036PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13800 FOREST GLEN DRIVEAddressLine1Txt
CityBIRMINGHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35213ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHENRY B RAY JRPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2058796100PhoneNum
Signature2024-12-09SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES S SNOW JR CPA PFS ABVPreparerPersonNm
PTINP01426899PTIN
Phone2058701166PhoneNum
Preparation2024-12-09PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$565,740FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$528InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$528InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$9,687DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,687DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$17,736NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$78,044GrossSalesPriceAmt
Total Rev And Expnss$27,951TotalRevAndExpnssAmt
Total Net Invst Incm$10,215TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$5,226OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$5,226TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$30,226TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,275ExcessRevenueOverExpensesAmt
Net Investment Income$10,215NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,098CashBOYAmt
Cash EOY$19,773CashEOYAmt
Cash EOYFMV$19,773CashEOYFMVAmt
Corporate Stock BOY$490,515CorporateStockBOYAmt
Corporate Stock EOY$545,967CorporateStockEOYAmt
Corporate Stock EOYFMV$545,967CorporateStockEOYFMVAmt
Total Assets BOY$491,613TotalAssetsBOYAmt
Total Assets EOY$565,740TotalAssetsEOYAmt
Total Assets EOYFMV$565,740TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$491,613NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$565,740NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$491,613TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$565,740TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$491,613TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$565,740TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$491,613TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,275ExcessRevenueOverExpensesAmt
Other Increases$84,663OtherIncreasesAmt
Subtotal$574,001SubtotalAmt
Other Decreases$8,261OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$565,740TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$142InvestmentIncomeExciseTaxAmt
Subtotal$142SubtotalAmt
Tax Based On Investment Income$142TaxBasedOnInvestmentIncomeAmt
Tax Due$142TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksHENRY B RAY JRIndividualWithBooksNm
Phone2058793036PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13800 FOREST GLEN DRAddressLine1Txt
CityBIRMINGHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35213ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
HENRY B RAY JR
3800 FOREST GLEN DRBIRMINGHAMAL35223PRESIDENT000.00$0$0$0
CAROLYN M RAY
3800 FOREST GLEN DRBIRMINGHAMAL35213TREASURER000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$526,838AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$10,055AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$536,893TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$536,893AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,053CashDeemedCharitableAmt
Net Vl Noncharitable Assets$528,840NetVlNoncharitableAssetsAmt
Minimum Investment Return$26,442MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$26,442MinimumInvestmentReturnAmt
Tax Based On Investment Income$142TaxBasedOnInvestmentIncomeAmt
Total Tax$142TotalTaxAmt
Distributable Before Adj$26,300DistributableBeforeAdjAmt
Distributable Before Ded$26,300DistributableBeforeDedAmt
Distributable As Adjusted$26,300DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,000ExpensesAndContributionsAmt
Qualifying Distributions$25,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$26,300DistributableAsAdjustedAmt
Undistributed Income PY$23,444UndistributedIncomePYAmt
Qualifying Distributions$25,000QualifyingDistributionsAmt
Applied To Year1$23,444AppliedToYear1Amt
Applied To Current Year$1,556AppliedToCurrentYearAmt
Undistributed Income CY$24,744UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonHENRY B RAY JRRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13800 FOREST GLENN DRIVEAddressLine1Txt
CityBIRMINGHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35213ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2058796100RecipientPhoneNum
Form And Info And MaterialsWRITTEN APPLICATION WITH A DESCRIPTION OF THE ORGANIZATION AND REASON FOR REQUEST.FormAndInfoAndMaterialsTxt
Submission DeadlinesJULY 31 OF EACH YEARSubmissionDeadlinesTxt
Restrictions On AwardsGREATER BIRMINGHAM, AL AREARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
UNITED WAY OF CENTRAL ALABAMA
TOCQUEVILLE SOCIETY3600 8TH AVE SOP O BOX 320189BIRMINGHAMAL35232UNRELATEDGENERAL DONATION$10,000
CHILDREN'S HARBOR
1600 6TH AVE SOBIRMINGHAMAL35233UNRELATEDGENERAL DONATION$5,000
CHILDREN'S HOSPITAL
1600 7TH AVE SOBIRMINGHAMAL35233UNRELATEDGENERAL DONATION$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$528RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,687ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$17,736RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$9,687ExclusionAmt
Related Or Exempt Function Incm$18,264RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$27,951TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationSTATE ATTORNEY GENERAL DOES NOT ASK FOR AND WILL NOT ACCEPT FOUNDATION REPORTS.ExplanationTxt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (12 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
JP MORGAN2023-06PURCHASE2024-03$4,059$3,894$165
PROSHARES SHORT S&P2024-03PURCHASE2024-07$6,383$7,007-$624
ENCORE STAPLES SELECT2022-12PURCHASE2023-10$11,600$6,927$4,673
CONSUMERS STPALES SELECT SECTOR2022-12PURCHASE2023-10$1,014$1,155-$141
ISHARES RUSSELL 1000 GROWTH2020-04PURCHASE2024-03$11,618$5,764$5,854
ISHARES S&P2020-04PURCHASE2024-03$12,416$6,544$5,872
VAUGUARD FTSE DEVELOPED MKTS2023-01PURCHASE2024-03$6,958$6,400$558
SPDR S&P BIOTECH2022-04PURCHASE2024-04$4,695$4,579$116
SPDR S&P BIOTECH2022-12PURCHASE2024-04$5,868$5,452$416
TECHNOLOGY SELECT SECTOR SPDR2020-04PURCHASE2024-03$1,847$785$1,062
TECHNOLOGY SELECT SECTOR SPDR2020-04PURCHASE2024-03$2,258$950$1,308
CONSUMERS STAPLES SELECT2022-04PURCHASE2023-10$9,328$10,851-$1,523

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSECURITIESStockNm
EOY Book Value$545,967EOYBookValueAmt
EOYFMV$545,967EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBOOK VS FMV REALIZED GAIN/LOSSDesc
Amt$8,261Amt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescBOOK VS COST UNREALIZED GAINDesc
Amt$84,663Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMANAGEMENT FEESCategoryTxt
Amt$5,226Amt

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