2021-11-04T11:09:17-05:00 2021-06-30 274541538 STEVEN W YOCUM CPA 2 INVERNESS DRIVE EAST STE 187 CENTENNIAL CO 80112 990PF 2020-07-01 810288819 RAY FOUNDATION INC RAYF 2396495733 100 AVIATION DRIVE SOUTH NO 203 NAPLES FL 34104 JEFFERY J TEMPAS VP - TREASURER 2396495733 2021-11-04 1 JEFFERY TEMPAS 999009999 STEVEN W YOCUM P01060619 3037306500 2021-11-04 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z X 230508720 X 40000 217450 217450 3723365 3723365 6272500 18283211 6272500 8256 8256 10261571 10221571 1010417 204150 806267 5375 806 4569 3370 505 2865 3000 450 2550 124094 25018 33549 232261 0 59342 8901 50441 -4831 0 -4831 56223 3329 52894 1489251 243159 948304 10948833 10948833 12438084 243159 11897137 -2176513 9978412 1818606 65335 65335 26868867 5333753 5333753 12000 12000 40363072 44943079 201191843 0 17698850 17541160 7976147 6447587 4912229 2026883 644483 1614661 1382400 1382400 560000 70000 70000 79201353 75953004 230508720 0 0 X 79201353 75953004 0 0 0 0 79201353 75953004 79201353 75953004 79201353 -2176513 0 77024840 1071836 75953004 2500 BSV P 2020-05-14 2020-12-23 207045 206825 220 220 26070 TMUSR P 2020-06-24 2020-07-21 3522 6778 -3256 -3256 7000 AAPL D 2008-03-03 2020-08-05 3069501 134999 2934502 2934502 .2388 VTRS D 2000-07-01 2020-11-20 4 1 3 3 10 XOM 201016 C40 P 2020-09-08 2020-10-16 12633 12633 12633 2400 XOM D 1963-03-04 2020-11-20 85854 23532 62322 62322 7600 XOM D 1963-03-04 2020-11-09 271870 74517 197353 197353 2546 BP D 2011-08-08 2021-01-20 63267 99302 -36035 -36035 1143 PSX D 2012-05-04 2021-01-20 85860 3973 81887 81887 2000 VNT D 2007-09-05 2021-01-20 68358 13535 54823 54823 4295 VTRS D 2020-07-01 2021-01-20 75781 42244 33537 33537 50000 HRL D 1988-03-01 2020-08-05 2563683 78906 2484777 2484777 1996543.2 SVUXX P 2018-05-31 2020-08-05 1997542 1997142 400 400 5000000 SVUXX P 2018-05-31 2020-11-05 5002000 5001500 500 500 88886.41 SVUXX P 2020-04-30 2020-11-09 88922 88925 -3 -3 3312050.151 SVUXX P 2018-05-31 2020-11-09 3313375 3313045 330 330 19150 WRK D 1988-03-01 2021-05-06 1148994 400941 748053 748053 MARINA SLIP A-10 D 2017-03-31 2021-06-16 225000 524546 -299546 -299546 6272500 138700 0 138700 0 138700 120000 0 0 0 120000 0 18700 0 0 0 0 0 0 0 0 0 0 1 1 CO FL 1 0 0 0 0 1 HTTPS://RAYFOUNDATION.US THE ORGANIZATION 2396495733 100 AVIATION DRIVE SOUTH NO 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 250000 0 0 THEODORE H BROUSSEAU 100 AVIATION DRIVE SOUTH 203 NAPLES FL 34104 DIRECTOR EMERITUS 20.00 250000 0 0 PATRICIA J ARTHUR 100 AVIATION DRIVE SOUTH 203 NAPLES FL 34104 SECRETARY/DIRECTOR 20.00 10417 0 0 NONE 0 NONE 0 0 189606342 10258805 0 199865147 0 0 199865147 2997977 196867170 9843359 9843359 138700 138700 9704659 0 9704659 0 9704659 11897137 0 11897137 0 11897137 9704659 0 0 2310435 3174453 5484888 11897137 0 0 0 9704659 2192478 0 0 7677366 0 0 0 0 0 0 0 7677366 2310435 3174453 2192478 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 AEROSPACE CENTER FOR EXCELLENCE 4175 MEDULLA ROAD LAKELAND FL 33811 NONE PUBLIC CHARITY NEW MUSEUM CONSTRUCTION AND OPERATING SUPPORT 944033 ALZHEIMER'S SUPPORT NETWORK 660 TAMIAMI TRAIL N NAPLES FL 34102 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 COMMERATIVE AIR FORCE PO BOX 764769 DALLAS TX 75376 NONE PUBLIC CHARITY EDUCATION CENTER CONSTRUCTION 150000 CIVIL AIR PATROL FOUNDATION 105 S HANSELL STREET MAXWELL AFB AL 36112 NONE PUBLIC CHARITY JAMES C RAY SCHOLARSHIP FUNDING 330000 COLLIER COUNTY PUBLIC SCHOOLS 5775 OSCEOLA TRAIL NAPLES FL 34109 NONE PUBLIC CHARITY IMMOKALEE AVIATION ACADEMY SUPPORT 7500 COMMUNITY FOUNDATION OF COLLIER COUNTY 1110 PINE RIDGE ROAD STE 200 NAPLES FL 34108 NONE PUBLIC CHARITY JAMES C RAY SCHOLARSHIP FUNDING 150000 EAA CHAPTER 1240 1 LOCKWOOD LANE SEBRING FL 33870 NONE PUBLIC CHARITY EDUCATION PROGRAM OPERATING SUPPORT 90300 EAGLE SPORT AVIATION 905 BISCAYNE BAY HANGAR 11 DELAND FL 32124 NONE PUBLIC CHARITY OPERATING SUPPORT 18000 EXPERIMENTAL AIRCRAFT ASSOCIATION 3000 POBEREZNY ROAD OSHKOSH WI 54902 NONE PUBLIC CHARITY RAY AVIATION SCHOLARSHIP FUNDING 1200000 EXPERIMENTAL AIRCRAFT ASSOCIATION 3000 POBEREZNY ROAD OSHKOSH WI 54902 NONE PUBLIC CHARITY OPERATING SUPPORT 1010000 JANET'S PLANET 110 GLANCY STREET STE 102 GOODLETTSVILLE TN 37072 NONE PUBLIC CHARITY PROGRAMMING SUPPORT 25000 FLIGHT FOUNDATION 1 THREE SPRINGS LANE UNICOI TN 37692 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP FUNDING 65000 CIVIL AIR PATROL MN 122 3435 GLENN OAKS AVE WHITE BEAR LAKE MN 55110 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP FUNDING SUPPORT 25000 WEST MICHIGAN AVIATION ACADEMY 533 44TH STREET GRAND RAPIDS MI 49512 NONE PUBLIC CHARITY RESTRICTED GRANT - FLIGHT CENTER 250000 LAKELAND AERO CLUB 3952 JAMES C RAY DRIVE LAKELAND FL 33811 NONE PUBLIC CHARITY OPERATING BUDGET SUPPORT 170000 NEW ENGLAND AIR MUSEUM 36 PERIMETER ROAD WINDSOR LOCKS CT 06096 NONE PUBLIC CHARITY RESTRICTED GRANT - SIMULATOR PURCHASE 50000 HAWK AVIATORS 1671 11 8/10THS ROAD LOMA CO 81524 NONE PUBLIC CHARITY RESTRICTED GRANT - PURCHASE OF N282TT 64000 PEARL HARBOR AVIATION MUSEUM 319 LEXINGTON BLVD BLDG 37 HONOLULU HI 96818 NONE PUBLIC CHARITY MATCHING GRANT - OPERATING SUPPORT 500000 DAVID GRIFFIN AVIATION 325 CHANCELOT LANE FORT MILL SC 29708 NONE PUBLIC CHARITY RESTRICTED GRANT - SCHOLARSHIP SUPPORT 10000 NAPLES YOUTH AVIATION 160 AVIATION DRIVE NORTH NAPLES FL 34104 NONE PUBLIC CHARITY AIRCRAFT BUILD PROJECT SUPPORT 10000 TEENS IN FLIGHT 13 CHADWICK CT PALM COAST FL 32137 NONE PUBLIC CHARITY OPERATING GRANT AND AIRCRAFT PURCHASE SUPPORT 120000 THE HERITAGE FOUNDATION 214 MASSACHUAETTS AVE NE WASHINGTON DC 20002 NONE PUBLIC CHARITY INTERNSHIPS 30000 THE IMMOKALEE FOUNDATION 2375 TAMIAMI TRAIL N NAPLES FL 34103 NONE PUBLIC CHARITY CONSTRUCTION MANAGEMENT AND H.E.S.T.PROGRAM SUPPORT 300000 THE LEROY HOMER FOUNDATION PO BOX 268 MARLTON NJ 08053 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP FUNDING 25000 WILLIAMSBURG AVIATION 102 MARCLAY ROAD MILLIAMSBURG VA 23185 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP FUNDING 50000 WINGS OVER THE ROCKIES 13005 WINGS WAY ENGLEWOOD CO 80112 NONE PUBLIC CHARITY PROGRAM BUDGET SUPPORT AND FLIGHT SCHOLARSHIPS 1500000 UNIVERSITY OF COLORADO FOUNDATION PO BOX 17126 DENVER CO 802179155 NONE PUBLIC CHARITY MITOCHONDRIAL RESEARCH FUND #20-22648 SUPPORT 100000 RENO AIR RACING ASSOCIATION 14501 MT ANDERSON STREET RENO NV 89506 NONE PUBLIC CHARITY STEM DISCOVERY ZONE SUPPORT 10000 TIGER FLIGHT FOUNDATION 304 RUSSELL FIELD ROAD ROME GA 30165 NONE PUBLIC CHARITY RESTRICTED MATCHING GRANT - PPLO PROGRAM 10000 JASPER COUNTY (IN) AIRPORT 2326 WEST CLARK STREET RENSSELAER IN 47978 NONE PUBLIC CHARITY RESTRICTED GRANT - SIMULATOR PURCHASES 30000 AVIATION STEM DAY 2702 RAHN BLVD BELLEVUE NE 68123 NONE PUBLIC CHARITY STEM DAY SUPPORT 2021 5000 10948833 0 14 217450 14 3723365 14 8256 18 6272500 0 10221571 0 10221571 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 40000 X TAX RETURN PREPARATION 3000 450 2550 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 24102 SL 39.000000000000 12051 0 CARAVAN N239JR 2018-10-01 1475000 368750 SL 7.000000000000 210714 0 CARAVAN GARMAN AUTO PILOT UPGRADE 2020-01-28 66469 3956 SL 7.000000000000 9496 0 177500 BSV 17698850 17541160 9152 A 48427 1352757 8055 AKAM 4014 939213 2352 ALVR 29625 24 12000 AXP 848195 1982760 20244 APA 156900 437878 57000 AAPL 1164829 27392000 311000 T 3272578 8950580 2989 AZO 32764 4460246 35716 BAC 841735 1472571 3000 BDX 665222 729570 5000 BA 208254 1197800 40000 BP 559977 989535 14000 BMY 658484 935480 7000 CAT 262851 1523410 36012 CHV 615760 3771897 15714 CIEN 52545 893969 26512 CSCO 127056 1405136 6000 C 482992 424500 9980 KO 250378 540018 174214 CMCSA 1474341 9933682 42286 COP 233079 2575217 10000 DHR 294686 2683600 9060 DELL 11797 903010 132054 XOM 1144609 7699166 60000 F 716395 891600 5000 FTV 78148 348700 23000 GRMN 905491 3326720 10000 GSK 77163 398200 2500 GS 557384 948825 1504 GOOG 386360 3769505 1500 GOOGL 387631 3662685 13260 PEAK 158887 441425 52000 HPE 75405 758160 52000 HPQ 154568 1569880 37920 HON 616974 8317752 250000 HRL 315625 9550000 3191 NGVT 43465 259620 20800 JPM 532877 3235232 24000 JBL 607975 1394880 10000 JNJ 616868 1647400 4576 KEYS 18470 706580 12000 KHC 654143 489360 4166 LLY 249132 956180 17000 LOW 519379 3297490 13699 MDT 599959 1700457 27460 MRK 701735 2135564 8000 MDLZ 184093 499520 4300 MSI 258401 932455 15000 NSRGY 77163 1871100 15000 NWN 255438 787800 9000 NVS 215037 821160 44081 NUAN 93512 2399770 21000 ORCL 275640 1634640 5400 ORLY 151869 3057534 7000 PAYX 204885 751100 34617 PFE 769369 1355602 21143 PSX 69521 1716400 11393 PTC 42521 1609375 3000 RAYS# 3666 0 20000 SLB 152417 640200 27684 SNPS 61023 7634970 26070 TMUS 41456 3775718 3870 TEL 74299 523263 5500 TRV 583987 823405 38379 USB 363485 2186452 80678 VZ 1861141 4520388 50000 VSAT 3400 2492000 29256 VOD 296275 501155 17194 WFC 298026 778716 7500 ZBH 627910 1206150 4000 IYF 214056 648400 98000 ITOT 7732475 12937560 15000 VB 2308650 3379200 13000 VO 2117853 3085550 2500 MMM 510570 496576 9702 CVS 715072 809535 5000 ABBV 351080 563200 400 AMZN 760207 1376064 7000 CARR 51554 340200 5510 CRNC 14220 587972 7000 GILD 528454 482020 3500 OTIS 72091 286195 7000 RTX 152134 597170 1546 OGN 34997 83094 BEECHWOOD BARTOW LLC AT COST 3498192 2818158 BEECHWOOD LAKELAND AT COST 2523747 1791861 BEECHWOOD PLAZA OSHKOSH AT COST 425648 302210 COMPUTER AND PERIFERALS 10814 10814 0 CARPET 4600 4600 0 HANGAR 470000 36153 433847 CARAVAN N239JR 1475000 579464 895536 CARAVAN GARMAN AUTO PILOT UPGRADE 66469 13452 53017 LEGAL FEES 3370 505 2865 MARINA SLIPS 560000 70000 70000 UBTI FROM FORM 990T 1071379 NON DEDUCTIBLE EXPENSES FROM PASS-THROUGH ENTITIES 457 AIRCRAFT EXPENSE 34027 0 34027 BANK AND FILING FEES 2852 428 2424 PAYROLL SERVICE FEE 2308 346 1962 INSURANCE 17036 2555 14481 MISCELLANEOUS 8256 8256 8256 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 65527 0 0 FOREIGN TAX PAID 16825 16825 0 PAYROLL TAXES 41742 8193 33549