BETA

RAY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
RAY FOUNDATION (EIN 63-1159873)
Tax period
2018-09-01 to 2019-08-31
Filed
2019-10-24
IRS object ID
201932979349100613
Schema version
2018v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-10-24T14:34:12-05:00ReturnTs
Tax Period End2019-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN631027759PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JAMES S SNOW & ASSOCIATESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13 OFFICE PARK CIR STE 302AddressLine1Txt
CityMOUNTAIN BROOKCityNm
State AbbreviationALStateAbbreviationCd
ZIP352232536ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN631159873EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE RAY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRAYFBusinessNameControlTxt
Phone2058793036PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13800 FOREST GLEN DRIVEAddressLine1Txt
CityBIRMINGHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35213ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHENRY B RAY JRPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2058796100PhoneNum
Signature2019-10-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES S SNOW JR CPA PFS ABVPreparerPersonNm
PTINP01426899PTIN
Phone2058701166PhoneNum
Preparation2019-10-21PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address96.37.128.90IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-10-24IPDt
IP Tm14:34:12IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdEB744671167E5E15BCCDDA3AD4B285F41EF88D75AtSubmissionCreationDeviceId
At Submission Filing Device IdEB744671167E5E15BCCDDA3AD4B285F41EF88D75AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$253,221FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$22InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$22InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$3,731DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,731DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$13,736NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$15,012GrossSalesPriceAmt
Total Rev And Expnss$17,489TotalRevAndExpnssAmt
Total Net Invst Incm$3,753TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,555AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$1,804OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,359TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$12,600ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$12,600ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$15,959TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$12,600TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,530ExcessRevenueOverExpensesAmt
Net Investment Income$3,753NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,168SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,308SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,308SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$281,595CorporateStockBOYAmt
Corporate Stock EOY$250,913CorporateStockEOYAmt
Corporate Stock EOYFMV$250,913CorporateStockEOYFMVAmt
Total Assets BOY$283,763TotalAssetsBOYAmt
Total Assets EOY$253,221TotalAssetsEOYAmt
Total Assets EOYFMV$253,221TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$283,763UnrestrictedBOYAmt
Unrestricted EOY$253,221UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$283,763TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$253,221TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$283,763TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$253,221TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$283,763TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,530ExcessRevenueOverExpensesAmt
Subtotal$285,293SubtotalAmt
Other Decreases$32,072OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$253,221TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$8,100AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$252,562NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.032071DistributionYr1Rt
Adjusted Qlfy Distri Yr2$9,979AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$188,721NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.052877DistributionYr2Rt
Adjusted Qlfy Distri Yr3$10,060AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$174,762NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.057564DistributionYr3Rt
Adjusted Qlfy Distri Yr4$8,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$206,209NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.038796DistributionYr4Rt
Adjusted Qlfy Distri Yr5$8,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$168,833NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.047384DistributionYr5Rt
Total Distribution0.228692TotalDistributionRt
Average Distribution0.045738AverageDistributionRt
Net Vl Noncharitable Assets$251,480NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$11,502AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$38NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$11,540AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$12,600QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$38InvestmentIncomeExciseTaxAmt
Subtotal$38SubtotalAmt
Tax Based On Investment Income$38TaxBasedOnInvestmentIncomeAmt
Tax Due$38TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateALOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksHENRY B RAY JRIndividualWithBooksNm
Phone2058793036PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13800 FOREST GLEN DRAddressLine1Txt
CityBIRMINGHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35213ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
HENRY B RAY JR
3800 FOREST GLEN DRBIRMINGHAMAL35223PRESIDENT000.00$0$0$0
CAROLYN M RAY
3800 FOREST GLEN DRBIRMINGHAMAL35213TREASURER000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$253,690AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,620AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$255,310TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$255,310AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,830CashDeemedCharitableAmt
Net Vl Noncharitable Assets$251,480NetVlNoncharitableAssetsAmt
Minimum Investment Return$12,574MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$12,574MinimumInvestmentReturnAmt
Tax Based On Investment Income$38TaxBasedOnInvestmentIncomeAmt
Total Tax$38TotalTaxAmt
Distributable Before Adj$12,536DistributableBeforeAdjAmt
Distributable Before Ded$12,536DistributableBeforeDedAmt
Distributable As Adjusted$12,536DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$12,600ExpensesAndContributionsAmt
Qualifying Distributions$12,600QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$38PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$12,562AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$12,536DistributableAsAdjustedAmt
Undistributed Income PY$12,516UndistributedIncomePYAmt
Qualifying Distributions$12,600QualifyingDistributionsAmt
Applied To Year1$12,516AppliedToYear1Amt
Applied To Current Year$84AppliedToCurrentYearAmt
Undistributed Income CY$12,452UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonHENRY B RAY JRRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13800 FOREST GLENN DRIVEAddressLine1Txt
CityBIRMINGHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35213ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2058796100RecipientPhoneNum
Form And Info And MaterialsWRITTEN APPLICATION WITH A DESCRIPTION OF THE ORGANIZATION AND REASON FOR REQUEST.FormAndInfoAndMaterialsTxt
Submission DeadlinesJULY 31 OF EACH YEARSubmissionDeadlinesTxt
Restrictions On AwardsGREATER BIRMINGHAM, AL AREARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtBusiness Name Line2RecipientBusinessName/BusinessNameLine2Txt
INDEPENDENT PRESBYTERIAN CHURCH
3100 HIGHLAND AVEBIRMINGHAMAL35205UNRELATEDGENERAL DONATION$2,600
MOUNTAIN BROOK CITY SCHOOLS
32 VINE STMOUNTAIN BROOKAL35213UNRELATEDGENERAL DONATION$10,000FOUNDATION GRANDPARENTS CAMPAIGN
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$12,600TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$22RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,731ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$13,736RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,731ExclusionAmt
Related Or Exempt Function Incm$13,758RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$17,489TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$1,555Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
Asset73 SHARES OF APPLE STOCKAssetDesc
Acquired2002-09AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2019-08SoldDt
Gross Sales Price$15,012GrossSalesPriceAmt
Basis$1,276BasisAmt
Total Net$13,736TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSECURITIESStockNm
EOY Book Value$250,913EOYBookValueAmt
EOYFMV$250,913EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
UNREALIZED LOSSES ON SECURITIES$16,731
BOOK VS TAX LOSS ON SECURITY$15,341

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMANAGEMENT FEESCategoryTxt
Amt$1,804Amt

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