2023-11-13T14:36:32-06:00 2023-06-30 274541538 STEVEN W YOCUM CPA 2 INVERNESS DRIVE EAST STE 187 CENTENNIAL CO 80112 990PF 2022-07-01 810288819 RAY FOUNDATION INC RAYF 2396495733 100 AVIATION DRIVE SOUTH 203 NAPLES FL 34104 JEFFERY J TEMPAS VP - TREASURER 2396495733 2023-11-13 1 JEFFERY TEMPAS 999009999 0 STEVEN W YOCUM P01060619 3037306500 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X 241244663 X 1217633 268607 268607 4149726 4149726 1677344 8193568 1677344 2000 2000 7315310 6097677 934583 213875 720708 5608 841 4767 3500 525 2975 137128 20819 34982 232261 0 53524 8029 45495 69440 0 69440 110571 4242 106329 1546615 248331 984696 10272244 10272244 11818859 248331 11256940 -4503549 5849346 233037 498369 498369 3323056 5120778 4970301 24764 60673 60673 47903114 46388943 217659001 17864309 13887848 12657975 5678997 5802749 4480466 2026883 1109005 1150139 917878 917878 76177416 72677238 241244663 0 0 X 76177416 72677238 0 0 0 0 76177416 72677238 76177416 72677238 76177416 -4503549 1003371 72677238 0 72677238 3600 AAPL D 2008-10-02 2022-10-25 539987 12890 527097 527097 7500 BSV P 2020-05-14 2022-10-25 558586 620475 -61889 -61889 600 EMBC D 2015-03-16 2022-12-12 20057 15257 4800 4800 10000 HLN D 1989-12-08 2022-12-12 78197 14011 64186 64186 750 ZIMV D 2006-04-06 2022-12-12 6907 14487 -7580 -7580 13500 BSV P 2020-05-14 2022-12-20 1020440 1116855 -96415 -96415 20000 BSV P 2020-07-07 2023-01-17 1520165 1660968 -140803 -140803 5000 AAPL D 2008-10-02 2023-01-25 706886 17902 688984 688984 10000 BSV P 2020-05-14 2023-01-25 762033 827300 -65267 -65267 10000 AAPL D 2008-10-02 2023-06-16 1795918 35804 1760114 1760114 10000 C D 2005-05-12 2023-06-21 475495 769312 -293817 -293817 12000 KHC D 2010-02-02 2023-06-21 437275 654143 -216868 -216868 2500 NVAX P 2022-02-01 2023-06-21 18624 246250 -227626 -227626 2500 MMM P 2018-06-14 2023-06-21 252998 510570 -257572 -257572 1677344 81306 0 81306 0 81306 130000 0 0 0 130000 0 48694 48694 0 0 0 0 0 0 0 0 0 1 1 0 1 1 CO FL 1 0 0 0 0 1 HTTPS://RAYFOUNDATION.US THE ORGANIZATION 2396495733 100 AVIATION DRIVE SOUTH 203 NAPLES FL 34104 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CHARLES J AHEARN 100 AVIATION DRIVE SOUTH 203 NAPLES FL 34104 PRESIDENT/DIRECTOR 40.00 500000 0 0 JEFFERY J TEMPAS 100 AVIATION DRIVE SOUTH 203 NAPLES FL 34104 TREASURER/DIRECTOR 24.00 259166 0 0 PATRICIA J ARTHUR 100 AVIATION DRIVE SOUTH 203 NAPLES FL 34104 SECRETARY/DIRECTOR 24.00 175417 0 0 NONE 0 NONE 0 0 217317801 1908989 0 219226790 0 0 219226790 3288402 215938388 10796919 10796919 81306 26775 108081 10688838 0 10688838 0 10688838 11256940 0 11256940 10688838 0 0 1503063 3174453 2192478 6869994 11256940 0 0 0 10688838 568102 0 0 7438096 0 0 0 0 0 0 0 7438096 1503063 3174453 2192478 568102 CHARLES J AHEARN 100 AVIATION DRIVE SOUTH SUITE 203 NAPLES FL 34104 2396495733 SEE ATTACHED STATEMENT 12 SEE ATTACHED STATEMENT 12 SEE ATTACHED STATEMENT 12 CIVIL AIR PATROL FOUNDATION 105 S HANSELL ST BLDG 714 MAXWELL AFB AL 36112 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIPS FUNDING 330000 CIVIL AIR PATROL FOUNDATION 105 S HANSELL ST BLDG 714 MAXWELL AFB AL 36112 NONE PUBLIC CHARITY UT WING SIMULATOR AND SOFTWARE PURCHASE 10555 COMMERATIVE AIR FORCE 5661 MARINER DRIVE DALLAS TX 75237 NONE PUBLIC CHARITY NAEC PROGRAMS OPERATING SUPPORT 221654 COMMERATIVE AIR FORCE 5661 MARINER DRIVE DALLAS TX 75237 NONE PUBLIC CHARITY P-47 RESTORATION PROJECT SUPPORT 100000 AEROSPACE CENTER FOR EXCELLENCE 4075 JAMES C RAY DRIVE LAKELAND FL 33811 NONE PUBLIC CHARITY ACE'S HIGH OPERATING BUDGET SUPPORT 50000 AEROSPACE CENTER FOR EXCELLENCE 4075 JAMES C RAY DRIVE LAKELAND FL 33811 NONE PUBLIC CHARITY FLIGHT SCHOLORSHIP SUPPORT 50000 AIR RACE CLASSIC 29604 179TH PLACE SE KENT WA 98042 NONE PUBLIC CHARITY OPERATING BUDGET SUPPORT 20643 ALZHEIMER'S SUPPORT NETWORK 1421 PINE RIDGE ROAD 100 NAPLES FL 34109 NONE PUBLIC CHARITY OPERATING BUDGET SUPPORT 50000 AOPA AIR SAFETY FOUNDATION 421 AVIATION WAY FREDERICK MD 21701 NONE PUBLIC CHARITY SUPPORT FOR 'YOU CAN FLY' PROGRAM 2500000 AOPA AIR SAFETY FOUNDATION 421 AVIATION WAY FREDERICK MD 21701 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIPS 1150000 CIVIL AIR PATROL MN 122 3275 MANNING AVE N LAKE ELMO MN 55042 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP FUNDING SUPPORT AND SIMULATOR PURCHASE 32500 COLORADO SKIES ACADEMY 13015 WINGS WAY ENGLEWOOD CO 80112 NONE PUBLIC CHARITY OPERATING BUDGET SUPPORT 250000 COMMERATIVE AIR FORCE 5661 MARINER DRIVE DALLAS TX 75237 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP PROGRAM DEVELOPMENT 25000 COMMUNITY FOUNDATION OF COLLIER COUNTY 1110 PINE RIDGE ROAD STE 200 NAPLES FL 34108 NONE PUBLIC CHARITY JAMES C RAY SCHOLARSHIP FUNDING 200000 HIGHLANDS ENGINEERING AND AERO TECH PROGRAM 128 AUTHORITY LANE SEBRING FL 33870 NONE PUBLIC CHARITY EDUCATION PROGRAM OPERATING SUPPORT 39120 EAA AVIATION FOUNDATION INC PO BOX 3043 OSHKOSH WI 54903 NONE PUBLIC CHARITY RESTRICTED GRANT - SCHOLARSHIP SUPPORT 1800000 EAA AVIATION FOUNDATION INC PO BOX 3043 OSHKOSH WI 54903 NONE PUBLIC CHARITY KIDVENTURE OPERATING SUPPORT 50000 FLIGHT FOUNDATION 1 THREE SPRINGS LANE UNICOI TN 37692 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP FUNDING SUPPORT 90000 FRIENDS OF FOSTER CARE 3050 HORSESHOE DRIVE STE 260 NAPLES FL 34104 NONE PUBLIC CHARITY AFTER SCHOOL CARE PROGRAM SUPPORT 10000 EAA AVIATION FOUNDATION INC PO BOX 3043 OSHKOSH WI 54903 NONE PUBLIC CHARITY TRIBUTE TO TOM FUND 15000 MINNESOTA ACE CAMP 599 SAWMILL CREEK ROAD EVERGREEN CO 80439 NONE PUBLIC CHARITY OPERATIONS AND SCHOLARSHIP SUPPORT 20000 SOARING FLIGHT EDUCATION ASSOCIATION 480 OTIS AVENUE SAINT PAUL MN 55104 NONE PUBLIC CHARITY SCHOLARSHIP PROGRAM SUPPORT 25000 RENO AIR RACING ASSOCIATION 14501 MT ANDERSON STREET RENO NV 89506 NONE PUBLIC CHARITY SCHOLARSHIP FUNDING SUPPORT 110000 SOUTHEASTERN GUIDE DOGS 4210 77TH STREET EAST PALMETTO FL 34221 NONE PUBLIC CHARITY OPERATING BUDGET SUPPORT 250000 STEM FLIGHTS 526 KING STREET STE 506 ALEXANDRIA VA 22314 NONE PUBLIC CHARITY SCHOLARSHIP PROGRAM SUPPORT 75000 TEENS IN FLIGHT 13 CHADWICK CT PALM COAST FL 32137 NONE PUBLIC CHARITY OPERATING SUPPORT 150700 THE HERITAGE FOUNDATION 214 MASSACHUAETTS AVE NE WASHINGTON DC 20002 NONE PUBLIC CHARITY INTERNSHIPS 60000 THE IMMOKALEE FOUNDATION 2375 TAMIAMI TRAIL N STE 308 NAPLES FL 34103 NONE PUBLIC CHARITY MATCHING GRANT PATHWAYS PROGRAMS SUPPORT 250000 THE LEROY HOMER FOUNDATION PO BOX 268 MARLTON NJ 08053 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP FUNDING 30000 UND AEROSPACE FOUNDATION 4275 UNIVERSITY AVE RM 303 GRAND FORKS ND 58202 NONE PUBLIC CHARITY VETERANS SCHOLARSHIP PROGRAM SUPPORT 353100 SALIDA SENIOR CITIZENS 305 F STREET SALIDA CO 81201 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 10000 WILLIAMSBURG AVIATION SCHOLARSHIP 102 MARCLAY ROAD MILLIAMSBURG VA 23185 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP FUNDING 75000 WINGS OVER THE ROCKIES 7711 EAST ACADEMY BLVD DENVER CO 80230 NONE PUBLIC CHARITY SCHOLARSHIP FUNDING SUPPORT 250000 PEARL HARBOR AVIATION MUSEUM 319 LEXINGTON BLVD BLDG 37 HONOLULU HI 96818 NONE PUBLIC CHARITY AVIATION LEARNING CENTER PROGRAMMING SUPPORT 75000 PEARL HARBOR AVIATION MUSEUM 319 LEXINGTON BLVD BLDG 37 HONOLULU HI 96818 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP FUNDING SUPPORT 150000 AEROSPACE CENTER FOR EXCELLENCE 4075 JAMES C RAY DRIVE LAKELAND FL 33811 NONE PUBLIC CHARITY SKYLAB OPERATING SUPPORT 187314 AEROSPACE CENTER FOR EXCELLENCE 4075 JAMES C RAY DRIVE LAKELAND FL 33811 NONE PUBLIC CHARITY ANNUAL DINNER FUNDRAISING SUPPORT 42416 WINGS OVER THE ROCKIES 7711 EAST ACADEMY BLVD DENVER CO 80230 NONE PUBLIC CHARITY YOUTH PROGRAMMING SUPPORT 750000 THE GARGIULO EDUCATION CENTER 1414 RAIL HEAD BLVD NAPLES FL 34110 NONE PUBLIC CHARITY AVIATION PROGRAM SUPPORT 8945 THE SATTLER FOUNDATION 6627 HUFFS FERRY ROAD NORTH LOUDON TN 37774 NONE PUBLIC CHARITY SIMULATOR PURCHASE SUPPORT 26609 CHILDREN'S HOSPITAL COLORADO FOUNDATION 13123 E 16TH AVE BOX 045 AURORA CO 80045 NONE PUBLIC CHARITY ANSCHUTZ MITOCHONDRIAL LAB SUPPORT 50000 FARGO AIR MUSEUM 1609 19TH AVENUE NORTH FARGO ND 58102 NONE PUBLIC CHARITY YOUTH PROGRAMMING SUPPORT 25000 CENTRAL COLORADO UAS CLUB PO BOX 1727 BUENA VISTA CO 81211 NONE PUBLIC CHARITY DRONE PARK DEVELOPMENT SUPPORT 25000 EAA CHAPTER 563 1320 BIRD BLVD PEORIA IL 61615 NONE PUBLIC CHARITY YOUTH AIRCRAFT BUILD PROJECT SUPPORT 30000 GREATER LAFAYETTE CAREER ACADEMY 2201 SOUTH 18TH STREET LAFAYETTE IN 47909 NONE PUBLIC CHARITY YOUTH AVIATION PROGRAM SUPPORT 24828 ARKANSAS VALLEY HUMANE SOCIETY 701 GREGG DRIVE BUENA VISTA CO 81211 NONE PUBLIC CHARITY OPERATING BUDGET SUPPORT 35000 WEST MICHIGAN AVIATION ACADEMY FOUNDATION 5363 44TH STREET SE GRAND RAPIDS MI 49512 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP SUPPORT 25000 KETTLE MORAINE YOUTH AVIATION INC N4880 ARROWHEAD TRAIL JUNEAU WI 53039 NONE PUBLIC CHARITY YOUTH AIRCRAFT BUILD SUPPORT 37000 EAA CHAPTER 943 96209 SWEETBRIAR LANE YULEE FL 32097 NONE PUBLIC CHARITY YOUTH AVIATION SCHOLARSHIP SUPPORT 25000 EAA CHAPTER 66 CO EAA AVIATION FOUNDATION PO BOX 3043 OSHKOSH WI 54903 NONE PUBLIC CHARITY SIMULATOR AND SCHOLARSHIP SUPPORT 12860 HOLOCAUST MUSEUM & COHEN EDUCATION CENTER 975 IMPERIAL GOLF COURSE BLVD 108 NAPLES FL 34110 NONE PUBLIC CHARITY YOUTH EDUCATION PROGRAMMING SUPPORT 50000 HILLER AVIATION MUSEUM 601 SKYWAY ROAD SAN CARLOS CA 94070 NONE PUBLIC CHARITY FLIGHT TRAINING SCHOLARSHIP SUPPORT 20000 AVIATION STEM AHA 15206 DORCAS CIRCLE OMAHA NE 68144 NONE PUBLIC CHARITY YOUTH AIRCRAFT BUILD PROJECT SUPPORT 14000 COLORADO FARM TO TABLE INC PO BOX 826 SALIDA CO 81201 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 5000 10272244 0 14 268607 14 4149726 14 2000 18 1677344 0 6097677 0 6097677 0 0 0 0 0 0 0 0 0 0 X X 1 ESTATE OF JAMES C RAY 100 AVIATION DRIVE SOUTH STE 203 NAPLES FL 34104 2829 X 2 AVIATION EDUCATION FOUNDATION 100 AVIATION DRIVE SOUTH STE 203 NAPLES FL 34104 1214804 X TAX RETURN PREPARATION 3500 525 2975 COMPUTER AND PERIFERALS 2004-09-20 10814 10814 SL 5.000000000000 0 0 CARPET 2004-10-25 4600 4600 SL 5.000000000000 0 0 HANGAR 2018-06-18 470000 48204 SL 39.000000000000 12051 0 CARAVAN N239JR 2018-10-01 1475000 790178 SL 7.000000000000 210714 0 CARAVAN GARMAN AUTO PILOT UPGRADE 2020-01-28 66469 22948 SL 7.000000000000 9496 0 215500 BSV 13887848 12657975 9152 A 48427 1100528 8055 AKAM 4014 723903 2352 ALVR 29625 0 12000 AXP 848195 2090400 20244 APA 156900 691737 165000 AAPL 1040167 32005050 313960 T 2529661 5007662 2989 AZO 32764 7452653 35716 BAC 841735 1024692 3000 BDX 649964 792030 6000 BA 398624 1266960 37454 BP 559977 1321752 15500 BMY 739030 991225 7000 CAT 262850 1722350 36012 CHV 615760 5666488 15714 CIEN 52545 667688 26512 CSCO 127056 1371731 9980 KO 250378 600996 174214 CMCSA 1474341 7238592 44336 COP 244537 4593653 10000 DHR 294686 2400000 9060 DELL 5772 490237 123804 XOM 1161687 13277979 60000 F 716396 907800 5000 FTV 78148 373850 23000 GRMN 905491 2398670 8000 GSK 63152 285120 3000 GS 723397 967620 30080 GOOG 386360 3638778 30000 GOOGL 387631 3591000 13260 PEAK 148126 266526 52000 HPE 75405 873600 52000 HPQ 154568 1596920 37920 HON 616974 7868400 206000 HRL 325094 8285320 3191 NGVT 43465 185588 20800 JPM 532877 3025152 24000 JBL 607975 2590320 10000 JNJ 616868 1655200 4576 KEYS 18470 766251 4166 LLY 249132 1953771 17000 LOW 519379 3836900 13699 MDT 599959 1206882 27460 MRK 701604 3168609 8000 MDLZ 184093 583520 4300 MSI 258401 1261104 15000 NSRGY 77163 1805250 15000 NWN 255438 645750 9000 NVS 215037 908190 21000 ORCL 275640 2500890 5400 ORLY 151869 5158620 7000 PAYX 204885 783090 34617 PFE 769369 1269752 21000 PSX 72843 2002980 11393 PTC 42521 1621224 3000 RAYS# 3666 0 20000 SLB 152417 982400 27684 SNPS 61023 12053890 26070 TMUS 41456 3621123 3870 TEL 74299 542419 5500 TRV 583987 955130 118879 USB 760892 3927762 84403 VZ 1934195 3138948 51000 VSAT 3468 2104260 29256 VOD 296275 276469 17194 WFC 298026 733840 7500 ZBH 613423 1092000 8000 IYF 214056 596880 131000 ITOT 7732475 12817040 15510 VB 2385982 3084784 13470 VO 2191174 2965555 9702 CVS 715072 670699 5200 ABBV 364499 700596 8000 AMZN 760207 1042880 7000 CARR 51554 347970 5510 CRNC 14220 161057 11200 GILD 830634 863184 3500 OTIS 72091 311535 7000 RTX 152134 685720 4000 AMGN 878825 888080 22000 INTC 856600 735680 3992 VMW 6025 573610 75951 WBD 776224 952426 790 IVV 217619 352111 BEECHWOOD BARTOW LLC AT COST 3154640 2600309 BEECHWOOD LAKELAND AT COST 2309227 1639551 BEECHWOOD PLAZA OSHKOSH AT COST 338882 240606 COMPUTER AND PERIFERALS 10814 10814 0 CARPET 4600 4600 0 HANGAR 470000 60255 409745 CARAVAN N239JR 1475000 1000892 474108 CARAVAN GARMAN AUTO PILOT UPGRADE 66469 32444 34025 AIRCRAFT EXPENSE 82294 0 82294 BANK AND FILING FEES 3577 537 3040 PAYROLL EXPENSES 4136 620 3516 INSURANCE 20564 3085 17479 MISCELLANEOUS 2000 2000 2000 UBTI FROM FORM 990T 642496 PPP LOAN FORGIVENESS 360875 INTERESTS IN 4 HOTEL PARTNERSHIPS HAVE BEEN REDUCED BY 29% DUE TO THEIR LACK OF MARKETABILITY. ATTEMPTS TO SELL THESE INTERESTS HAVE MET WITH LITTLE SUCCESS. THE 29% DISCOUNT RATE IS BASED ON THE ACTUAL SALE OF A FIFTH HOTEL INTEREST AT 71% OF ITS BOOK VALUE. BOOK VALUE DERIVED FROM ESTATE VALUE AT THE DATE OF DEATH OF CONTRIBUTOR JAMES C RAY. EXCISE TAX ON INVESTMENT INCOME 81327 0 0 FOREIGN TAX PAID 12074 12074 0 PAYROLL TAXES 43727 8745 34982