RAY FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- RAY FOUNDATION INC (EIN 81-0288819)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2022-10-31
- IRS object ID
- 202213049349101506
- Schema version
- 2021v4.2
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Reduction Explanation Statement
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-10-31T15:07:29-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 274541538 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEVEN W YOCUM CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 INVERNESS DRIVE EAST STE 187 | AddressLine1Txt |
| City | CENTENNIAL | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810288819 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RAY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RAYF | BusinessNameControlTxt |
| Phone | 2396495733 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 AVIATION DRIVE SOUTH 203 | AddressLine1Txt |
| City | NAPLES | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEFFERY J TEMPAS | PersonNm |
| Person Title | VP - TREASURER | PersonTitleTxt |
| Phone | 2396495733 | PhoneNum |
| Signature | 2022-10-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JEFFERY | PersonFirstNm |
| Person Last | TEMPAS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEVEN W YOCUM | PreparerPersonNm |
| PTIN | P01060619 | PTIN |
| Phone | 3037306500 | PhoneNum |
| Preparation | 2022-10-31 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $215,641,153 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,101,279 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $197,647 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $197,647 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $3,918,017 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $3,918,017 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $5,285,124 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,559,385 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,285,124 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $3,532 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $3,532 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $11,505,599 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $9,404,320 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $1,604,166 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $212,500 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $1,391,666 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $4,750 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $712 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $4,038 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $3,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $525 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,975 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $206,469 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $25,113 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $31,849 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $232,261 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $56,469 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $8,470 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $47,999 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $38,361 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $38,361 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $93,513 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,334 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $90,179 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,239,489 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $250,654 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,607,067 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $9,150,800 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $9,150,800 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $11,390,289 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $250,654 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $10,757,867 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $115,310 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $9,153,666 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $65,335 | CashBOYAmt |
| Cash EOY | $233,037 | CashEOYAmt |
| Cash EOYFMV | $233,037 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $5,333,753 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $3,323,056 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $3,323,056 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $12,000 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $24,764 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $24,764 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $44,943,079 | CorporateStockBOYAmt |
| Corporate Stock EOY | $47,903,114 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $189,832,523 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $17,698,850 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $17,864,309 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $16,548,245 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $6,447,587 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,678,997 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,529,389 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $2,026,883 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $876,744 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $1,382,400 | LandBOYAmt |
| Land EOY | $1,150,139 | LandEOYAmt |
| Land EOYFMV | $1,150,139 | LandEOYFMVAmt |
| Other Assets BOY | $70,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $75,953,004 | TotalAssetsBOYAmt |
| Total Assets EOY | $76,177,416 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $215,641,153 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $75,953,004 | CapitalStockBOYAmt |
| Capital Stock EOY | $76,177,416 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $75,953,004 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $76,177,416 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $75,953,004 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $76,177,416 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $75,953,004 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $115,310 | ExcessRevenueOverExpensesAmt |
| Other Increases | $262,804 | OtherIncreasesAmt |
| Subtotal | $76,331,118 | SubtotalAmt |
| Other Decreases | $153,702 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $76,177,416 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 20000 AAPL | D | 2008-03-03 | 2021-07-07 | $2,879,983 | $71,609 | $2,808,374 | $2,808,374 |
| .071 VMW | D | 1987-02-13 | 2021-11-04 | $9 | $9 | $9 | |
| 1546 OGN | D | 2000-03-06 | 2021-11-12 | $52,386 | $25,205 | $27,181 | $27,181 |
| 1088 OGN | D | 1993-04-23 | 2021-11-12 | $40,704 | $9,923 | $30,781 | $30,781 |
| 44081 NUAN | D | 2003-09-12 | 2022-03-04 | $2,468,536 | $93,512 | $2,375,024 | $2,375,024 |
| 1.256 WBD | D | 1988-03-01 | 2022-04-11 | $34 | $11 | $23 | $23 |
| MARINA SLIPS | D | 2017-03-31 | 2022-01-31 | $70,000 | $74,001 | -$4,001 | -$4,001 |
| CAPITAL GAINS DIVIDENDS | P | $47,733 | $47,733 | $47,733 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,285,124 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $127,236 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $127,236 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $127,236 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $140,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $140,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $12,764 | OverpaymentAmt |
| Applied To ES Tax | $12,764 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CO | OrgReportOrRegisterStateCd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | HTTPS://RAYFOUNDATION.US | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2396495733 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 AVIATION DRIVE SOUTH 203 | AddressLine1Txt |
| City | NAPLES | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| CHARLES J AHEARN | ||||||||
| 100 AVIATION DRIVE SOUTH 203 | NAPLES | FL | 34104 | PRESIDENT/DIRECTOR | 40.00 | $500,000 | $0 | $0 |
| JEFFERY J TEMPAS | ||||||||
| 100 AVIATION DRIVE SOUTH 203 | NAPLES | FL | 34104 | TREASURER/DIRECTOR | 24.00 | $250,000 | $0 | $0 |
| THEODORE H BROUSSEAU | ||||||||
| 100 AVIATION DRIVE SOUTH 203 | NAPLES | FL | 34104 | DIRECTOR EMERITUS | 2.00 | $729,166 | $0 | $0 |
| PATRICIA J ARTHUR | ||||||||
| 100 AVIATION DRIVE SOUTH 203 | NAPLES | FL | 34104 | SECRETARY/DIRECTOR | 24.00 | $125,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $224,865,677 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,920,978 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $7,623,997 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $237,410,652 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $1,312,467 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $237,410,652 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,561,160 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $233,849,492 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $11,692,475 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $11,692,475 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $127,236 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $127,236 | TotalTaxAmt |
| Distributable Before Adj | $11,565,239 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $11,565,239 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $11,565,239 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $10,757,867 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $10,757,867 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $11,565,239 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $2,310,435 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,174,453 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,192,478 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,677,366 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $10,757,867 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $10,757,867 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $807,372 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $807,372 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $6,869,994 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $6,869,994 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $1,503,063 | ExcessFromYear3Amt |
| Excess From Year2 | $3,174,453 | ExcessFromYear2Amt |
| Excess From Year1 | $2,192,478 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CHARLES J AHEARN | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 AVIATION DRIVE SOUTH SUITE 203 | AddressLine1Txt |
| City | NAPLES | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2396495733 | RecipientPhoneNum |
| Form And Info And Materials | SEE ATTACHED STATEMENT 12 | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | SEE ATTACHED STATEMENT 12 | SubmissionDeadlinesTxt |
| Restrictions On Awards | SEE ATTACHED STATEMENT 12 | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (29 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AEROSPACE CENTER FOR EXCELLENCE | |||||||
| 4175 MEDULLA ROAD | LAKELAND | FL | 33811 | NONE | PUBLIC CHARITY | OPERATING BUDGET SUPPORT | $116,400 |
| ALZHEIMER'S SUPPORT NETWORK | |||||||
| 660 TAMIAMI TRAIL N | NAPLES | FL | 34102 | NONE | PUBLIC CHARITY | OPERATING BUDGET SUPPORT | $50,000 |
| AOPA AIR SAFETY FOUNDATION | |||||||
| 421 AVIATION WAY | FREDERICK | MD | 21701 | NONE | PUBLIC CHARITY | SUPPORT FOR 'YOU CAN FLY' PROGRAM | $2,500,000 |
| AOPA AIR SAFETY FOUNDATION | |||||||
| 421 AVIATION WAY | FREDERICK | MD | 21701 | NONE | PUBLIC CHARITY | FLIGHT SCHOLARSHIPS | $1,150,000 |
| AEROSPACE CENTER FOR EXCELLENCE | |||||||
| 4175 MEDULLA ROAD | LAKELAND | FL | 33811 | NONE | PUBLIC CHARITY | FLIGHT SCHOLORSHIPS | $100,000 |
| HSU EDUCATIONAL FOUNDATION | |||||||
| 70 READY AVENUE NW | FORT WALTON BEACH | FL | 32548 | NONE | PUBLIC CHARITY | DRONE CHALLENGE FUNDING SUPPORT | $75,000 |
| CIVIL AIR PATROL MN 122 | |||||||
| 3435 GLENN OAKS AVE | WHITE BEAR LAKE | MN | 55110 | NONE | PUBLIC CHARITY | FLIGHT SCHOLARSHIP FUNDING SUPPORT | $25,000 |
| COLORADO SKIES ACADEMY | |||||||
| 13015 WINGS WAY | ENGLEWOOD | CO | 80112 | NONE | PUBLIC CHARITY | OPERATING BUDGET SUPPORT | $100,000 |
| COMMERATIVE AIR FORCE | |||||||
| PO BOX 764769 | DALLAS | TX | 75376 | NONE | PUBLIC CHARITY | EDUCATION CENTER OPERATING BUDGET SUPPORT | $500,000 |
| COMMUNITY FOUNDATION OF COLLIER COUNTY | |||||||
| 1110 PINE RIDGE ROAD STE 200 | NAPLES | FL | 34108 | NONE | PUBLIC CHARITY | JAMES C RAY SCHOLARSHIP FUNDING | $211,100 |
| EXPERIMENTAL AIRCRAFT ASSOCIATION | |||||||
| 3000 POBEREZNY ROAD | OSHKOSH | WI | 54902 | NONE | PUBLIC CHARITY | RESTRICTED GRANT - SCHOLARSHIP SUPPORT | $1,910,000 |
| EAA CHAPTER 1240 | |||||||
| 1 LOCKWOOD LANE | SEBRING | FL | 33870 | NONE | PUBLIC CHARITY | EDUCATION PROGRAM OPERATING SUPPORT | $82,800 |
| UND AEROSPACE FOUNDATION | |||||||
| 4275 UNIVERSITY AVE RM 303 | GRAND FORKS | ND | 58202 | NONE | PUBLIC CHARITY | VETERANS SCHOLARSHIP PROGRAM SUPPORT | $330,000 |
| FRIENDS OF FOSTER CARE | |||||||
| 2675 HORSESHOE DRIVE STE 402 | NAPLES | FL | 34104 | NONE | PUBLIC CHARITY | OPERATING BUDGET SUPPORT | $5,000 |
| EXPERIMENTAL AIRCRAFT ASSOCIATION | |||||||
| 3000 POBEREZNY ROAD | OSHKOSH | WI | 54902 | NONE | PUBLIC CHARITY | KIDVENTURE OPERATING SUPPORT | $50,000 |
| FLIGHT FOUNDATION | |||||||
| 1 THREE SPRINGS LANE | UNICOI | TN | 37692 | NONE | PUBLIC CHARITY | FLIGHT SCHOLARSHIP FUNDING | $25,000 |
| WAI STARS OF THE NORTH | |||||||
| 7444 OLIVER AVE SOUTH 7 | RISCFIELD | MN | 55423 | NONE | PUBLIC CHARITY | GIRLS IN AVIATION DAY OPERATING SUPPORT | $20,000 |
| MINNESOTA YOUTH AVIATION FOUNDATION | |||||||
| 10 OTTER COURT | NORTH MANKATO | MN | 56003 | NONE | PUBLIC CHARITY | SCHOLARSHIP PROGRAM SUPPORT | $50,000 |
| STEM FLIGHTS | |||||||
| 526 KING STREET STE 506 | ALEXANDRIA | VA | 22314 | NONE | PUBLIC CHARITY | SCHOLARSHIP PROGRAM SUPPORT | $100,000 |
| AIR RACE CLASSIC | |||||||
| 29604 179TH PLACE SE | KENT | WA | 98042 | NONE | PUBLIC CHARITY | OPERATING BUDGET SUPPORT | $25,000 |
| SOUTHEASTERN GUIDE DOGS | |||||||
| 4210 77TH STREET EAST | PALMETTO | FL | 34221 | NONE | PUBLIC CHARITY | OPERATING BUDGET SUPPORT | $250,000 |
| MINNESOTA ACE CAMP | |||||||
| 5353 GAMBLE DRIVE STE 320 | ST LOUIS PARK | MN | 55416 | NONE | PUBLIC CHARITY | OPERATIONS AND SCHOLARSHIP SUPPORT | $12,500 |
| WINGS OVER THE ROCKIES | |||||||
| 13005 WINGS WAY | ENGLEWOOD | CO | 80112 | NONE | PUBLIC CHARITY | SCHOLARSHIP FUNDING SUPPORT | $250,000 |
| RENO AIR RACING ASSOCIATION | |||||||
| 14501 MT ANDERSON STREET | RENO | NV | 89506 | NONE | PUBLIC CHARITY | SCHOLARSHIP FUNDING SUPPORT | $50,000 |
| TEENS IN FLIGHT | |||||||
| 13 CHADWICK CT | PALM COAST | FL | 32137 | NONE | PUBLIC CHARITY | OPERATING SUPPORT | $53,000 |
| THE HERITAGE FOUNDATION | |||||||
| 214 MASSACHUAETTS AVE NE | WASHINGTON | DC | 20002 | NONE | PUBLIC CHARITY | INTERNSHIPS | $30,000 |
| THE IMMOKALEE FOUNDATION | |||||||
| 2375 TAMIAMI TRAIL N | NAPLES | FL | 34103 | NONE | PUBLIC CHARITY | MATCHING GRANT PATHWAYS PROGRAMS SUPPORT | $1,000,000 |
| THE LEROY HOMER FOUNDATION | |||||||
| PO BOX 268 | MARLTON | NJ | 08053 | NONE | PUBLIC CHARITY | FLIGHT SCHOLARSHIP FUNDING | $30,000 |
| WILLIAMSBURG AVIATION | |||||||
| 102 MARCLAY ROAD | MILLIAMSBURG | VA | 23185 | NONE | PUBLIC CHARITY | FLIGHT SCHOLARSHIP FUNDING | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $9,150,800 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $197,647 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,918,017 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,532 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $5,285,124 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $9,404,320 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $9,404,320 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| ESTATE OF JAMES C RAY | ||||||
| 1 | 100 AVIATION DRIVE SOUTH STE 203 | NAPLES | FL | 34104 | $1,071,840 | Yes (X) |
| JAMES C RAY 2012 CRUT | ||||||
| 2 | 100 AVIATION DRIVE SOUTH STE 203 | NAPLES | FL | 34104 | $1,029,439 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX RETURN PREPARATION | CategoryTxt |
| Amt | $3,500 | Amt |
| Net Investment Income | $525 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,975 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| COMPUTER AND PERIFERALS | 2004-09-20 | $10,814 | $10,814 | SL | 5.000000000000 | $0 | $0 |
| CARPET | 2004-10-25 | $4,600 | $4,600 | SL | 5.000000000000 | $0 | $0 |
| HANGAR | 2018-06-18 | $470,000 | $36,153 | SL | 39.000000000000 | $12,051 | $0 |
| CARAVAN N239JR | 2018-10-01 | $1,475,000 | $579,464 | SL | 7.000000000000 | $210,714 | $0 |
| CARAVAN GARMAN AUTO PILOT UPGRADE | 2020-01-28 | $66,469 | $13,452 | SL | 7.000000000000 | $9,496 | $0 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | 215500 BSV | BondNm |
| EOY Book Value | $17,864,309 | EOYBookValueAmt |
| EOYFMV | $16,548,245 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (90 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 9152 A | $48,427 | $1,086,982 |
| 8055 AKAM | $4,014 | $735,663 |
| 2352 ALVR | $29,625 | $0 |
| 12000 AXP | $848,195 | $1,663,440 |
| 20244 APA | $156,900 | $706,516 |
| 183600 AAPL | $1,106,763 | $25,101,792 |
| 313960 T | $2,529,661 | $6,580,602 |
| 2989 AZO | $32,764 | $6,423,720 |
| 35716 BAC | $841,735 | $1,111,839 |
| 3000 BDX | $649,964 | $739,590 |
| 6000 BA | $398,624 | $820,320 |
| 37454 BP | $559,977 | $1,061,821 |
| 15500 BMY | $739,030 | $1,193,500 |
| 7000 CAT | $262,851 | $1,251,320 |
| 36012 CHV | $615,760 | $5,213,817 |
| 15714 CIEN | $52,545 | $718,130 |
| 26512 CSCO | $127,056 | $1,130,472 |
| 10000 C | $769,312 | $459,900 |
| 9980 KO | $250,378 | $627,842 |
| 174214 CMCSA | $1,474,341 | $6,836,157 |
| 44336 COP | $244,537 | $3,981,816 |
| 10000 DHR | $294,686 | $2,535,200 |
| 5772 DELL | $5,772 | $418,663 |
| 123804 XOM | $1,161,687 | $10,602,575 |
| 60000 F | $716,396 | $667,800 |
| 5000 FTV | $78,148 | $271,900 |
| 23000 GRMN | $905,491 | $2,259,750 |
| 10000 GSK | $77,163 | $435,300 |
| 3000 GS | $723,397 | $891,060 |
| 1504 GOOG | $386,360 | $3,289,925 |
| 1500 GOOGL | $387,631 | $3,268,890 |
| 13260 PEAK | $150,033 | $343,567 |
| 52000 HPE | $75,405 | $689,520 |
| 52000 HPQ | $154,568 | $1,704,560 |
| 37920 HON | $616,974 | $6,590,875 |
| 206000 HRL | $325,094 | $9,756,160 |
| 3191 NGVT | $43,465 | $201,480 |
| 20800 JPM | $532,877 | $2,342,288 |
| 24000 JBL | $607,975 | $1,229,040 |
| 10000 JNJ | $616,868 | $1,775,100 |
| 4576 KEYS | $18,470 | $630,802 |
| 12000 KHC | $654,143 | $457,680 |
| 4166 LLY | $249,132 | $1,350,742 |
| 17000 LOW | $519,379 | $2,969,390 |
| 13699 MDT | $599,959 | $1,229,485 |
| 27460 MRK | $701,604 | $2,503,528 |
| 8000 MDLZ | $184,093 | $496,720 |
| 4300 MSI | $258,401 | $901,280 |
| 15000 NSRGY | $77,163 | $1,745,850 |
| 15000 NWN | $255,438 | $796,500 |
| 9000 NVS | $215,037 | $760,770 |
| 21000 ORCL | $275,640 | $1,467,270 |
| 5400 ORLY | $151,869 | $3,411,504 |
| 7000 PAYX | $204,885 | $797,090 |
| 34617 PFE | $769,369 | $1,814,969 |
| 21000 PSX | $72,843 | $1,721,790 |
| 11393 PTC | $42,521 | $1,211,532 |
| 3000 RAYS# | $3,666 | $0 |
| 20000 SLB | $152,417 | $715,200 |
| 27684 SNPS | $61,023 | $8,407,631 |
| 26070 TMUS | $41,456 | $3,507,458 |
| 3870 TEL | $74,299 | $437,890 |
| 5500 TRV | $583,987 | $930,215 |
| 43879 USB | $390,528 | $2,019,312 |
| 84403 VZ | $1,934,195 | $4,283,452 |
| 51000 VSAT | $3,468 | $1,562,130 |
| 29256 VOD | $296,275 | $455,808 |
| 17194 WFC | $298,026 | $673,489 |
| 7500 ZBH | $613,423 | $787,950 |
| 8000 IYF | $214,056 | $559,840 |
| 131000 ITOT | $7,732,475 | $10,975,180 |
| 15510 VB | $2,385,982 | $2,731,466 |
| 13470 VO | $2,191,174 | $2,653,186 |
| 2500 MMM | $510,570 | $323,525 |
| 9702 CVS | $715,072 | $898,987 |
| 5200 ABBV | $364,499 | $796,432 |
| 8000 AMZN | $760,207 | $849,680 |
| 7000 CARR | $51,554 | $249,620 |
| 5510 CRNC | $14,220 | $139,017 |
| 11200 GILD | $830,635 | $692,272 |
| 3500 OTIS | $72,091 | $247,345 |
| 7000 RTX | $152,134 | $672,770 |
| 4000 AMGN | $878,825 | $973,200 |
| 600 EMBC | $15,257 | $15,192 |
| 10000 INTC | $448,600 | $374,100 |
| 2500 NVAX | $246,250 | $128,575 |
| 3992 VMW | $6,025 | $455,008 |
| 75951 WBD | $776,224 | $1,019,262 |
| 750 ZIMV | $14,487 | $12,008 |
| 790 IVV | $217,619 | $299,529 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BEECHWOOD BARTOW LLC | AT COST | $2,929,349 | $2,577,139 |
| BEECHWOOD LAKELAND | AT COST | $2,390,967 | $1,697,587 |
| BEECHWOOD PLAZA OSHKOSH | AT COST | $358,681 | $254,663 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| COMPUTER AND PERIFERALS | $10,814 | $10,814 | $0 |
| CARPET | $4,600 | $4,600 | $0 |
| HANGAR | $470,000 | $48,204 | $421,796 |
| CARAVAN N239JR | $1,475,000 | $790,178 | $684,822 |
| CARAVAN GARMAN AUTO PILOT UPGRADE | $66,469 | $22,948 | $43,521 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MARINA SLIPS | Desc |
| BOY Book Value | $70,000 | BOYBookValueAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UBTI FROM FORM 990T | Desc |
| Amt | $153,702 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| AIRCRAFT EXPENSE | $71,287 | $0 | $71,287 |
| BANK AND FILING FEES | $2,696 | $404 | $2,292 |
| PAYROLL SERVICE FEE | $2,400 | $360 | $2,040 |
| INSURANCE | $17,130 | $2,570 | $14,560 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Revenue And Expenses Per Books | $3,532 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $3,532 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $3,532 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PPP LOAN FORGIVENESS | $262,801 |
| ROUNDING | $3 |
Reduction Explanation Statement ReductionExplanationStatement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | 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. | ShortExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAX ON INVESTMENT INCOME | $149,507 | $0 | $0 |
| FOREIGN TAX PAID | $17,151 | $17,151 | $0 |
| PAYROLL TAXES | $39,811 | $7,962 | $31,849 |
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