THE RAY CHARLES FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE RAY CHARLES FOUNDATION (EIN 95-4047622)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202033219349107138
- Schema version
- 2019v5.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Amortization Schedule
- Depreciation Schedule
- Investments Land Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T17:12:53-08:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 950858589 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HUTCHINSON AND BLOODGOOD LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 N BRAND BLVD 14th Floor | AddressLine1Txt |
| City | GLENDALE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954047622 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE RAY CHARLES FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RAYC | BusinessNameControlTxt |
| Phone | 3237378000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2107 WEST WASHINGTON BLVD | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90018 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VALERIE ERVIN | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2020-11-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DOUGLAS W KAWAMURA CPA | PreparerPersonNm |
| PTIN | P00037439 | PTIN |
| Phone | 8186375000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $45,342,235 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $429,925 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $429,925 | InterestOnSavNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $675,514 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $675,514 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $281,866 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | -$6,790 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $16,000 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $3,536,931 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $3,536,931 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,635,580 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,642,370 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $320,001 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $160,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $160,001 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $451,335 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $225,668 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $225,667 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $23,487 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $11,743 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $11,744 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $502,101 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $251,051 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $251,050 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $91,040 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $45,520 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $45,520 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $54,234 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $27,117 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $27,117 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $82,403 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $41,202 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $41,201 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $279,658 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $126,940 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $67,734 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $33,867 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $33,867 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,342,632 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,044,296 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $244,255 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $4,214,625 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,967,404 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,040,422 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,270,058 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,270,058 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,484,683 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,967,404 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,310,480 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$849,103 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,674,966 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $891,034 | CashBOYAmt |
| Cash EOY | $531,179 | CashEOYAmt |
| Cash EOYFMV | $531,179 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $28,713,104 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $29,535,838 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $29,535,838 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $42,367 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $68,324 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $68,324 | PrepaidExpensesEOYFMVAmt |
| Invst Land Cost Or Other Basis | $6,791,748 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $1,132,803 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $5,344,648 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $5,658,945 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $7,525,000 | LandBldgInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $5,267,832 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,968,065 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $2,411,949 | LandBOYAmt |
| Land EOY | $2,299,767 | LandEOYAmt |
| Land EOYFMV | $3,700,000 | LandEOYFMVAmt |
| Other Assets BOY | $3,985,975 | OtherAssetsBOYAmt |
| Other Assets EOY | $3,981,894 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $3,981,894 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $41,389,077 | TotalAssetsBOYAmt |
| Total Assets EOY | $42,075,947 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $45,342,235 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $60,180 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $62,820 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $60,180 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $62,820 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $41,328,897 | RetainedEarningBOYAmt |
| Retained Earning EOY | $42,013,127 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $41,328,897 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $42,013,127 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $41,389,077 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $42,075,947 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $41,328,897 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$849,103 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,533,333 | OtherIncreasesAmt |
| Subtotal | $42,013,127 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $42,013,127 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | AUTO | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2016-04-28 | AcquiredDt |
| Sold | 2019-09-30 | SoldDt |
| Gross Sales Price | $16,000 | GrossSalesPriceAmt |
| Depreciation | $49,179 | DepreciationAmt |
| Cost Or Other Basis | $71,969 | CostOrOtherBasisAmt |
| Gain Or Loss | -$6,790 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$6,790 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$6,790 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $945,397 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $40,653,294 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.02326 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,446,662 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $41,668,241 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.08272 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,029,022 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $45,158,481 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.02279 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $2,116,821 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $46,002,543 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04602 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $2,984,784 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $46,818,467 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.06375 | DistributionYr5Rt |
| Total Distribution | 0.238526 | TotalDistributionRt |
| Average Distribution | 0.047705 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $40,441,067 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,929,241 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $16,750 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,945,991 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,310,480 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $16,750 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $16,750 | SubtotalAmt |
| Tax Based On Investment Income | $16,750 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $14,000 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $14,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $236 | EsPenaltyAmt |
| Tax Due | $2,986 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.theraycharlesfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALERIE ERVIN PRESIDENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3237378000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2107 W WASHINGTON BLVD | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90018 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| VALERIE ERVIN | |||||||
| 2107 W WASHINGTON BLVD | LOS ANGELES | CA | 90018 | President | 40.00 | $320,001 | $9,600 |
| ROBERT C DAVIDSON JR | |||||||
| 2107 W WASHINGTON BLVD | LOS ANGELES | CA | 90018 | Chairman | 1.00 | $0 | |
| REV CECIL L MURRAY | |||||||
| 2107 W WASHINGTON BLVD | LOS ANGELES | CA | 90018 | Co-Treasurer | 1.00 | $0 | |
| DAVID BROKAW | |||||||
| 2107 W WASHINGTON BLVD | LOS ANGELES | CA | 90018 | Director | 1.00 | $0 | |
| WESLEY COLEMAN | |||||||
| 2107 W WASHINGTON BLVD | LOS ANGELES | CA | 90018 | Director | 1.00 | $0 | |
| KATHLEEN L JOHNSON | |||||||
| 2107 W WASHINGTON BLVD | LOS ANGELES | CA | 90018 | Secretary | 1.00 | $0 | |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| ANDREW KEATHLEY | |||||||
| 2107 WEST WASHINGTON BLVD | LOS ANGELES | CA | 90018 | OPERATIONS MGR. | 40.00 | $69,282 | $2,079 |
| JENNIFER SUN | |||||||
| 2107 WEST WASHINGTON BLVD | LOS ANGELES | CA | 90018 | CONTROLLER | 40.00 | $95,000 | $2,256 |
| DENISE THIEL | |||||||
| 2107 WEST WASHINGTON BLVD | LOS ANGELES | CA | 90018 | PROPERTY MGR. | 40.00 | $82,221 | $2,467 |
| GWENDOLYN GREEN | |||||||
| 2107 WEST WASHINGTON BLVD | LOS ANGELES | CA | 90018 | BOOKKEEPER | 40.00 | $75,051 | $2,156 |
| JOHNETTA WILLIAMS | |||||||
| 2107 WEST WASHINGTON BLVD | LOS ANGELES | CA | 90018 | ADMIN. ASSISTANT | 40.00 | $56,089 | $1,683 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 1 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HOME REMODELING INC | |||||
| 5522 N ASPAN AVE | AZUSA | CA | 91702 | CONTRACTOR | $232,347 |
| HUTCHINSON & BLOODGOOD LLP | |||||
| 550 N BRAND BLVD 14TH FL | GLENDALE | CA | 91203 | ACCOUNTING | $93,000 |
| MITCHELL SILBERBERG & KNUPP LLP | |||||
| 2049 CENTURY PARK EAST 18TH FL | LOS ANGELES | CA | 90067 | LEGAL | $351,624 |
| LOEB & LOEB LLP | |||||
| 10100 SANTA MONICA BLVD 2200 | LOS ANGELES | CA | 90067 | LEGAL | $85,130 |
| VANGUARD POOLS | |||||
| 10506 WASHINGTON BLVD | WHITTIER | CA | 90606 | CONTRACTOR | $112,504 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $30,135,921 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $10,921,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $41,056,921 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $41,056,921 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $615,854 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $40,441,067 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,022,053 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,022,053 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $16,750 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $16,750 | TotalTaxAmt |
| Distributable Before Adj | $2,005,303 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,005,303 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,005,303 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,310,480 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $2,310,480 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $16,750 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,293,730 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,005,303 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr2 | $1,205,134 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $1,205,134 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,310,480 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,005,303 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $305,177 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,510,311 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $1,510,311 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $1,205,134 | ExcessFromYear2Amt |
| Excess From Current Year | $305,177 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | GRANT DEPARTMENT | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2107 West Washington Boulevard | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90018 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3237378000 | RecipientPhoneNum |
| Recipient Email Address | info@theraycharlesfoundation.org | RecipientEmailAddressTxt |
| Form And Info And Materials | The Ray Charles Foundation requests that the applicant print and follow the Grant Check List. Upon completing the instructions, mail the GRANT APPLICATION PACKAGE (Cover Letter, completed and signed Online Grant Application, Letter of Inquiry, Proof of IRS federal tax-exempt status, Annual Report [if available], and signed Grant Check List TO THE FOLLOWING ADDRESS:GRANT DEPARTMENTThe Ray Charles Foundation2107 West Washington BoulevardLos Angeles, CA 90018 | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NO SUBMISSION DEADLINES - APPLICATIONS REVIEWED ALL YEAR | SubmissionDeadlinesTxt |
| Restrictions On Awards | Obligations and Responsibilities of Grant Recipients 1) Since an award is made only for the purposes set forth in the Grantees submitted proposal and the Grantees grant application, any modifications to the project, as originally proposed, may be made only with prior written approval by The Ray Charles Foundation.2) The Grantee may not grant any portion of the award to a secondary Grantee without prior written permission of The Ray Charles Foundation.3) The Grant must be spent in full within the time set forth in the Grant proposal and if no such time is set forth, then within twelve (12) months following the Grant. In the event that the Grant is expressly made for multiple years, any funds not used in the current year may be applied to the purposes of the Grant in following years but only for the years covered by the Grant proposal.4) The Grantee must maintain complete records of receipts and expenditures sufficient to identify grant funds and expenditures made in the furtherance of t | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| SCHOOL ON WHEELS | |||||||
| 83 S PALM STREET | VENTURA | CA | 93001 | NONE | NOT A FDN | EDUCATION | $25,000 |
| EDUCATING YOUNG MINDS | |||||||
| 3325 WILSHIRE BLVD SUITE 400 | LOS ANGELES | CA | 90010 | NONE | NOT A FDN | FOSTER AN ENRICHED ENVIRONMENT FOR YOUNG CHILDREN TO LEARN AND GROW | $120,058 |
| DILLARD UNIVERSITY | |||||||
| 2601 GENTILLY BLVD | NEW ORLEANS | LA | 70122 | NONE | NOT A FDN | EDUCATION | $25,000 |
| ART CENTER COLLEGE OF DESIGN | |||||||
| 1700 LIDA ST | PASADENA | CA | 91103 | NONE | NOT A FDN | EDUCATION | $25,000 |
| LOS ANGELES URBAN LEAGUE | |||||||
| 4401 CRENSHAW BLVD SUITE 201 | LOS ANGELES | CA | 90043 | NONE | NOT A FDN | CHARITABLE PURPOSES | $10,000 |
| GAILEN CATHY REEVERS COMMUNITY CENT | |||||||
| 4126 ARLINGTON AVE | LOS ANGELES | CA | 90008 | NONE | NOT A FDN | CHARITABLE PURPOSES | $15,000 |
| TRIUMPH FOUNDATION | |||||||
| 27811 AVENUE HOPKINS UNIT 5 | VALENCIA | CA | 91355 | NONE | NOT A FDN | CHARITABLE PURPOSES | $25,000 |
| RIVER FRONT DEVELOPMENT GROUP | |||||||
| 34 COLLEGE PLACE | ASHEVILLE | NC | 28801 | NONE | NOT A FDN | CHARITABLE PURPOSES | $10,000 |
| POWER ACCESS | |||||||
| 1616 MICHIGAN AVE SUITE 1 | MIAMI BEACH | FL | 33139 | NONE | NOT A FDN | CHARITABLE PURPOSES | $5,000 |
| WELLSPRING | |||||||
| 16742 LAMPHERE | DETROIT | MI | 48219 | NONE | NOT A FDN | CHARITABLE PURPOSES | $5,000 |
| SAINT LOUIS SCIENCE CENTER | |||||||
| 5050 OAKLAND AVE | ST LOUIS | MO | 63110 | NONE | NOT A FDN | EDUCATIONAL PURPOSES | $5,000 |
| CEDARS-SINAI MEDICAL CENTER | |||||||
| 8700 BEVERLY BLVD SUITE 2416 | LOS ANGELES | CA | 90048 | NONE | NOT A FDN | CHARITABLE PURPOSES | $1,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,270,058 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $429,925 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $281,866 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$6,790 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (10 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| ALBUM INCOME | 15 | $51,053 |
| FED/CA TAX REFUNDS | 1 | |
| LEGAL SETTLEMENT | 1 | |
| LICENSING/MERCHANDISE | 15 | $2,006,814 |
| MASTER LICENSE REVENUE | 15 | $232,038 |
| MISCELLANEOUS INCOME | 1 | $4,460 |
| OIL & GAS LEASE | 1 | $2,313 |
| PUBLISHING INCOME | 15 | $261,779 |
| ROYALTY RECEIPTS | 15 | $978,474 |
| SAG PENSION RECEIPTS | 14 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,248,722 | ExclusionAmt |
| Related Or Exempt Function Incm | -$6,790 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,241,932 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $91,040 | Amt |
| Net Investment Income | $45,520 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $45,520 | DisbursementsCharitablePrpsAmt |
Amortization Schedule AmortizationSchedule
Amortization Schedule Detail AmortizationScheduleDetail (2 entries)
| Amortized ExpensesAmortizedExpensesDesc | Acquired Completed Or ExpendedAcquiredCompletedOrExpendedDt | AmortizedAmortizedAmt | Deduction For Prior YearsDeductionForPriorYearsAmt | Amortization PeriodAmortizationPeriodRt | Current Year AmortizationCurrentYearAmortizationAmt | Total AmortizationTotalAmortizationAmt |
|---|---|---|---|---|---|---|
| MASTER RECORDING- DOD VAL | 2008-01-01 | $23,000,000 | $16,866,663 | 15.0000 | $1,533,333 | $18,399,996 |
| PRODUCTION COSTS - OPRY SALUTE | 2019-02-01 | $589,975 | 10.0000 | $54,081 | $54,081 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (42 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | RtRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | LifeLifeRt |
|---|---|---|---|---|---|---|---|---|
| LINDEN 85 BLDG - DOD VAL | 2004-06-10 | $636,600 | $254,547 | SL | 0.0364 | $23,153 | $23,153 | |
| LINDEN 91 BLDG - DOD VAL | 2004-06-10 | $1,640,000 | $655,981 | SL | 0.0364 | $59,647 | $59,647 | |
| LINDEN 91 IMPROVEMENTS | 2008-06-30 | $35,012 | $13,421 | SL | 0.0364 | $1,273 | $1,273 | |
| WASHINGTON BLDG - DOD VAL | 2004-06-10 | $425,033 | $119,878 | SL | 0.0256 | $10,898 | ||
| NEW ROOF-LINDEN 85 | 2011-12-01 | $27,390 | $12,934 | SL | $1,826 | $1,826 | 15.0000 | |
| WASHINGTON BL-IMPROV | 2011-07-01 | $245,569 | $122,783 | SL | $16,371 | 15.0000 | ||
| WASHINGTON BL-F&F | 2012-11-08 | $32,811 | $28,903 | SL | $3,908 | 7.0000 | ||
| WASHINGTON BL-IMPROV | 2012-03-05 | $32,544 | $14,828 | SL | $2,170 | 15.0000 | ||
| WASHINGTON BL-F&F | 2013-03-04 | $17,756 | $14,799 | SL | $2,537 | 7.0000 | ||
| WASHINGTON BL-IMPROV | 2013-07-23 | $25,510 | $9,214 | SL | $1,701 | 15.0000 | ||
| LINDEN 85 IMPROVEMENTS | 2013-12-12 | $2,924 | $991 | SL | $195 | $195 | 15.0000 | |
| LINDEN 91 IMPROVEMENTS | 2013-12-17 | $33,043 | $11,015 | SL | $2,203 | $2,203 | 15.0000 | |
| RAY CHARLES MUSEUM | 2009-01-01 | $382,668 | $178,578 | SL | $25,511 | 15.0000 | ||
| WASHINGTON BL - F&F | 2014-07-16 | $8,317 | $5,247 | SL | $1,188 | 7.0000 | ||
| WASHINGTON BL - IMPROV | 2014-07-01 | $49,920 | $14,976 | SL | $3,328 | 15.0000 | ||
| LINDEN 91 IMPROVEMENTS | 2014-07-01 | $23,202 | $6,961 | SL | $1,547 | $1,547 | 15.0000 | |
| COMPUTER EQUIPMENT | 2014-07-01 | $12,475 | $11,228 | SL | $1,247 | 5.0000 | ||
| WASHINGTON BL - IMPROV | 2015-07-23 | $35,462 | $8,077 | SL | $2,364 | 15.0000 | ||
| LINDEN 85 IMPROVEMENTS | 2015-07-01 | $16,600 | $3,874 | SL | $1,107 | $1,107 | 15.0000 | |
| LINDEN 91 IMPROVEMENTS | 2015-07-01 | $82,637 | $19,282 | SL | $5,509 | $5,509 | 15.0000 | |
| COMPUTER EQUIPMENT | 2015-07-01 | $13,558 | $9,492 | SL | $2,712 | 5.0000 | ||
| LINDEN 85 IMPROVEMENTS | 2016-10-03 | $14,800 | $2,221 | SL | $987 | $987 | 15.0000 | |
| LINDEN 91 IMPROVEMENTS | 2016-07-01 | $88,831 | $14,805 | SL | $5,922 | $5,922 | 15.0000 | |
| LINDEN 85 IMPROVEMENTS | 2008-06-30 | $6,100 | $2,339 | SL | 0.0364 | $222 | $222 | |
| OFFICE EQUIPMENT | 2016-07-01 | $8,026 | $4,013 | SL | $1,605 | 5.0000 | ||
| RAY CHARLES MUSEUM IMPROV | 2017-12-14 | $510,130 | $36,843 | SL | $34,009 | 15.0000 | ||
| AUTO | 2016-04-28 | $71,969 | $38,384 | SL | $10,795 | 5.0000 | ||
| COMPUTER EQUIPMENT | 2017-01-30 | $2,944 | $1,129 | SL | $589 | 5.0000 | ||
| LINDEN 85 - ROOF | 2017-06-22 | $24,000 | $2,400 | SL | $1,600 | $1,600 | 15.0000 | |
| LINDEN 91 IMPROVEMENTS | 2017-07-01 | $22,408 | $2,241 | SL | $1,494 | $1,494 | 15.0000 | |
| WASHINGTON BL - IMPROV | 2017-07-01 | $57,840 | $5,784 | SL | $3,856 | 15.0000 | ||
| RAY CHARLES MUSEUM IMPROV | 2017-12-14 | $341,096 | $24,635 | SL | $22,740 | 15.0000 | ||
| WASHINGTON BL - IMPROV | 2018-01-16 | $6,890 | $421 | SL | $459 | 15.0000 | ||
| LINDEN 85 IMPROVEMENTS | 2018-07-01 | $69,455 | $2,315 | SL | $4,630 | $4,630 | 15.0000 | |
| LINDEN 91 IMPROVEMENTS | 2018-06-01 | $13,760 | $535 | SL | $917 | $917 | 15.0000 | |
| STUDIO EQUIPMENT | 2019-06-01 | $7,463 | SL | $871 | 5.0000 | |||
| OFFICE EQUIPMENT | 2019-07-01 | $15,171 | SL | $1,517 | 5.0000 | |||
| MASTER RECORDING EQUIPMEN | 2019-04-01 | $8,120 | SL | $1,218 | 5.0000 | |||
| LINDEN 85 IMPROVEMENTS | 2019-07-01 | $234,000 | SL | $7,800 | $7,800 | 15.0000 | ||
| LINDEN 91 IMPROVEMENTS | 2019-07-01 | $207,237 | SL | $6,908 | $6,908 | 15.0000 | ||
| WASHINGTON BL - IMPROV | 2019-07-01 | $16,420 | SL | $547 | 15.0000 | |||
| WASHINGTON BL - F&F | 2019-10-01 | $16,152 | SL | $577 | 7.0000 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Buildings | $2,261,250 | $1,132,803 | $1,128,447 | $2,761,250 |
| Improvements | $916,748 | $916,748 | ||
| Land | $3,613,750 | $3,613,750 | $4,763,750 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $158,734 | $148,233 | $10,501 | |
| Machinery and Equipment | $2,192,661 | $2,140,821 | $51,840 | |
| Buildings | $802,668 | $679,011 | $123,657 | $2,100,000 |
| Improvements | $1,333,769 | $1,333,769 | $1,600,000 | |
| Land | $780,000 | $780,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $502,101 | LegalFeesAmt |
| Net Investment Income | $251,051 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $251,050 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Net Intangible Assets | $3,396,000 | $3,396,000 | $3,396,000 |
| PRODUCTION COSTS | $589,975 | $585,894 | $585,894 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (24 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADVERTISING | $42,974 | $21,487 | $21,487 |
| Amortization | $1,587,414 | $1,533,333 | |
| BANK CHARGES | $246 | $123 | $123 |
| COMPUTER EXPENSE | $10,695 | $5,348 | $5,347 |
| DUES & SUBSCRIPTIONS | $1,788 | $894 | $894 |
| GARDENING | $6,950 | $3,475 | $3,475 |
| IMAGES EXPENSE | $17,981 | $8,990 | $8,991 |
| INSURANCE | $188,138 | $94,069 | $94,069 |
| INTERNET | $36,476 | $18,238 | $18,238 |
| LICENSES AND FEES | $5,555 | $2,777 | $2,778 |
| MEETINGS | $453 | $226 | $227 |
| OFFICE EXPENSE | $1,620 | $810 | $810 |
| PEST CONTROL | $631 | $315 | $316 |
| PLUMBING & ELECTRICAL | $3,149 | $1,574 | $1,575 |
| POSTAGE & FREIGHT | $3,687 | $1,843 | $1,844 |
| PROMOTION | $13,610 | $6,805 | $6,805 |
| Rental Expenses | $266,708 | $266,708 | |
| REPAIRS & MAINTENANCE | $22,683 | $11,342 | $11,341 |
| SECURITY | $61,141 | $30,571 | $30,570 |
| SPECIAL EVENTS | $11,585 | $5,793 | $5,792 |
| SUPPLIES | $11,242 | $5,621 | $5,621 |
| TELEPHONE | $22,226 | $11,113 | $11,113 |
| TRASH SERVICE | $3,135 | $1,568 | $1,567 |
| UTILITIES | $22,545 | $11,273 | $11,272 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| ALBUM INCOME | $51,053 | $51,053 |
| LICENSING/MERCHANDISE | $2,006,814 | $2,006,814 |
| MASTER LICENSE REVENUE | $232,038 | $232,038 |
| MISCELLANEOUS INCOME | $4,460 | $4,460 |
| OIL & GAS LEASE | $2,313 | $2,313 |
| PUBLISHING INCOME | $261,779 | $261,779 |
| ROYALTY RECEIPTS | $978,474 | $978,474 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AMORTIZATION ON RETURN NOT ON BOOKS | Desc |
| Amt | $1,533,333 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSITS | Desc |
| BOY Book Value | $60,180 | BOYBookValueAmt |
| EOY Book Value | $62,820 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| CONSULTANTS | $27,725 | $13,863 | $0 | $13,862 |
| OTHER | $6,509 | $3,254 | $0 | $3,255 |
| RECRUITING | $20,000 | $10,000 | $0 | $10,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OTHER | $1,057 | $529 | $528 |
| PAYROLL TAXES | $48,303 | $24,151 | $24,152 |
| PROPERTY TAX | $33,033 | $16,517 | $16,516 |
| STATE TAXES | $10 | $5 | $5 |
Comments