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CONSTRUCTION AND OPERATING SUPPORT 1220968 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 COLORADO SKIES ACADEMY 13015 WINGS WAY ENGLEWOOD CO 80112 NONE PUBLIC CHARITY OPERATING BUDGET SUPPORT 325000 COMMUNITY FOUNDATION OF COLLIER COUNTY 1110 PINE RIDGE ROAD STE 200 NAPLES FL 34108 NONE PUBLIC CHARITY JAMES C RAY SCHOLARSHIP FUNDING 100000 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 KIDVENTURE OPERATING SUPPORT 50000 EXPERIMENTAL AIRCRAFT ASSOCIATION 3000 POBEREZNY ROAD OSHKOSH WI 54902 NONE PUBLIC CHARITY MUSEUM EXPANSION CONSTRUCTION PROJECT 1400000 EAA CHAPTER 1240 1 LOCKWOOD LANE SEBRING FL 33870 NONE PUBLIC CHARITY EDUCATION PROGRAM OPERATING SUPPORT 95244 FLIGHT FOUNDATION 1 THREE SPRINGS LANE UNICOI TN 37692 NONE PUBLIC CHARITY FLIGHT SCHOLARSHIP FUNDING 50000 HSU EDUCATIONAL FOUNDATION 70 READY AVENUE NW FORT WALTON BEACH FL 32548 NONE PUBLIC CHARITY DRONE CHALLENGE FUNDING SUPPORT 100000 THE HERITAGE FOUNDATION 214 MASSACHUAETTS AVE NE WASHINGTON DC 20002 NONE PUBLIC CHARITY INTERNSHIPS 30000 LAKELAND AERO CLUB 3952 JAMES C RAY DRIVE LAKELAND FL 33811 NONE PUBLIC CHARITY OPERATING BUDGET SUPPORT 150000 THE IMMOKALEE FOUNDATION 2375 TAMIAMI TRAIL N NAPLES FL 34103 NONE PUBLIC CHARITY CONSTRUCTION MANAGEMENT CURRICULUM SUPPORT 250000 PEARL HARBOR AVIATION MUSEUM 319 LEXINGTON BLVD BLDG 37 HONOLULU HI 96818 NONE PUBLIC CHARITY RESTRICTED GRANT LEARNING LAB PROJECT 1000000 SOUTHEASTERN GUIDE DOGS 4210 77TH STREET EAST PALMETTO FL 34221 NONE PUBLIC CHARITY OPERATING BUDGET SUPPORT 500000 TEENS IN FLIGHT 13 CHADWICK CT PALM COAST FL 32137 NONE PUBLIC CHARITY OPERATING GRANT 35000 WINGS OVER THE ROCKIES 13005 WINGS WAY ENGLEWOOD CO 80112 NONE PUBLIC CHARITY PROGRAM BUDGET SUPPORT AND FLIGHT SCHOLARSHIPS 750000 NAPLES CIVIL AIR PATROL 360 AVIATION DR S NAPLES FL 34104 NONE PUBLIC CHARITY HANGAR ROOF REPLACEMENT SUPPORT 50000 CITIZEN'S FOSTER CARE PO BOX 10746 NAPLES FL 34101 NONE PUBLIC CHARITY OPERATING SUPPORT 30350 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 25000 EAGLE SPORT AVIATION 905 BISCAYNE BAY HANGAR 11 DELAND FL 32124 NONE PUBLIC CHARITY AIRCRAFT AVIONICS UPGRADE FUNDING 14250 NAACP OF COLLIER COUNTY PO BOX 990727 NAPLES FL 34116 NONE PUBLIC CHARITY LIFT PROGRAM OPERATING SUPPORT 15625 STEM FLIGHTS 526 KING STREET SUITE 506 ALEXANDRIA VA 22314 NONE PUBLIC CHARITY CURRICULUM DEVELOPMENT SUPPORT 50000 JACKSONVILLE UNIVERSITY 2800 UNIVERSITY BLVD NORTH JACKSONVILLE FL 32211 NONE PUBLIC CHARITY RESTRICTED GRANT - SIMULATOR PURCHASE 30000 WOMEN IN AVIATION 3647 SR 503 SOUTH WEST ALEXANDRIA OH 45381 NONE PUBLIC CHARITY GIRLS IN AVIATION DAY SUPPORT 50000 11496437 0 14 264867 14 3933519 14 11384 18 1579631 0 5789401 0 5789401 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 6143908 X 2 ESTATE OF JAMES C RAY 100 AVIATION DRIVE SOUTH STE 203 NAPLES FL 34104 1070000 X 2 FOUR (4) MARINA SLIPS 1070000 2019-08-30 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 12051 SL 39.000000000000 12051 0 CARAVAN N239JR 2018-10-01 1475000 158036 SL 7.000000000000 210714 0 CARAVAN GARMAN AUTO PILOT UPGRADE 2020-01-28 66469 SL 7.000000000000 3956 0 9152 A 48427 808760 8055 AKAM 4014 862610 2352 ALVR 29625 15 12000 AXP 848195 1142400 20244 APA 156900 273294 57000 AAPL 1299828 20793600 311000 T 3272578 9401530 2989 AZO 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1656600 15000 NWN 255438 836850 9000 NVS 215037 786060 44081 NUAN 93512 1115470 21000 ORCL 275640 1160670 5400 ORLY 151869 2277018 7000 PAYX 204885 530250 34617 PFE 811615 1131976 21143 PSX 73494 1520182 11393 PTC 42521 886261 3000 RAYS# 3666 0 20000 SLB 152417 367800 27684 SNPS 61023 5398380 26070 TMUS 41456 2715191 3870 TEL 74299 315599 5500 TRV 583987 627275 38379 USB 363485 1413115 80678 VZ 1861141 4447778 50000 VSAT 3400 1918500 29256 VOD 296275 466341 17194 WF 298026 440166 19150 WRK 400941 541179 7500 ZBH 627910 895200 4000 IYF 214056 440560 58000 ITOT 2270604 4027520 15000 VB 2308650 2185800 13000 VO 2117853 2130830 2500 MMM 510570 389975 9702 CVS 715072 630339 5000 ABBV 351080 490900 400 AMZN 760207 1103528 7000 CARR 51554 155540 5510 CRNC 14220 225028 7000 GILD 528454 538580 3500 OTIS 72091 199010 7000 RTX 152134 431340 26070 TMUS RTS 6778 4380 BEECHWOOD BARTOW LLC AT COST 4172025 2971152 BEECHWOOD LAKELAND AT COST 2983562 2118329 BEECHWOOD PLAZA OSHKOSH AT COST 820560 582597 COMPUTER AND PERIFERALS 10814 10814 0 CARPET 4600 4600 0 HANGAR 470000 24102 445898 CARAVAN N239JR 1475000 368750 1106250 CARAVAN GARMAN AUTO PILOT UPGRADE 66469 3956 62513 LEGAL FEES 7358 1104 6254 MARINA SLIPS 560000 280000 NON DEDUCTIBLE EXPENSES FROM PASS-THROUGH ENTITIES 1256 AIRCRAFT EXPENSE 75951 0 75951 BANK AND FILING FEES 3797 570 3227 PAYROLL SERVICE FEE 2065 310 1755 INSURANCE 16495 2474 14021 MISCELLANEOUS 11384 11384 11384 UBTI FROM FORM 990T 56123 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 355691 0 0 FOREIGN TAX PAID 15951 15951 0 PAYROLL TAXES 44268 7110 37158