BETA

RAY FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
RAY FOUNDATION (EIN 63-1159873)
Tax period
2017-09-01 to 2018-08-31
Filed
2018-10-11
IRS object ID
201832849349100023
Schema version
2017v2.3
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)
Return2018-10-11T15:44:48-05:00ReturnTs
Tax Period End2018-08-31TaxPeriodEndDt

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 Begin2017-09-01TaxPeriodBeginDt

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
Signature2018-09-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES S SNOW JR CPA PFS ABVPreparerPersonNm
PTINP01426899PTIN
Phone2058701166PhoneNum
Preparation2018-09-21PreparationDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$283,763FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$3,516DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,516DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$1,420NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,513GrossSalesPriceAmt
Total Rev And Expnss$2,096TotalRevAndExpnssAmt
Total Net Invst Incm$3,516TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,114AccountingFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,114TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$8,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,214TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,100TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$7,118ExcessRevenueOverExpensesAmt
Net Investment Income$3,516NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$4,352SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,168SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,168SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$228,494CorporateStockBOYAmt
Corporate Stock EOY$281,595CorporateStockEOYAmt
Corporate Stock EOYFMV$281,595CorporateStockEOYFMVAmt
Total Assets BOY$232,846TotalAssetsBOYAmt
Total Assets EOY$283,763TotalAssetsEOYAmt
Total Assets EOYFMV$283,763TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$232,846UnrestrictedBOYAmt
Unrestricted EOY$283,763UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$232,846TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$283,763TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$232,846TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$283,763TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$232,846TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$7,118ExcessRevenueOverExpensesAmt
Other Increases$58,035OtherIncreasesAmt
Subtotal$283,763SubtotalAmt
Tot Net Ast Or Fund Balances EOY$283,763TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$9,979AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$188,721NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.052877DistributionYr1Rt
Adjusted Qlfy Distri Yr2$10,060AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$174,762NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.057564DistributionYr2Rt
Adjusted Qlfy Distri Yr3$8,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$206,209NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.038796DistributionYr3Rt
Adjusted Qlfy Distri Yr4$8,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$168,833NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.047384DistributionYr4Rt
Adjusted Qlfy Distri Yr5$6,500AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$153,114NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.042452DistributionYr5Rt
Total Distribution0.239073TotalDistributionRt
Average Distribution0.047815AverageDistributionRt
Net Vl Noncharitable Assets$252,562NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$12,076AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$35NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$12,111AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$8,100QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$70InvestmentIncomeExciseTaxAmt
Subtotal$70SubtotalAmt
Tax Based On Investment Income$70TaxBasedOnInvestmentIncomeAmt
Tax Due$70TaxDueAmt

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

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$250,776AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,632AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$256,408TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$256,408AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,846CashDeemedCharitableAmt
Net Vl Noncharitable Assets$252,562NetVlNoncharitableAssetsAmt
Minimum Investment Return$12,628MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$12,628MinimumInvestmentReturnAmt
Tax Based On Investment Income$70TaxBasedOnInvestmentIncomeAmt
Total Tax$70TotalTaxAmt
Distributable Before Adj$12,558DistributableBeforeAdjAmt
Distributable Before Ded$12,558DistributableBeforeDedAmt
Distributable As Adjusted$12,558DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,100ExpensesAndContributionsAmt
Qualifying Distributions$8,100QualifyingDistributionsAmt
Adjusted Qualifying Distri$8,100AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$12,558DistributableAsAdjustedAmt
Undistributed Income PY$8,058UndistributedIncomePYAmt
Qualifying Distributions$8,100QualifyingDistributionsAmt
Applied To Year1$8,058AppliedToYear1Amt
Applied To Current Year$42AppliedToCurrentYearAmt
Undistributed Income CY$12,516UndistributedIncomeCYAmt

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

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1INDEPENDENT PRESBYTERIAN CHURCHBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13100 HIGHLAND AVEAddressLine1Txt
CityBIRMINGHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35205ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipUNRELATEDRecipientRelationshipTxt
Grant Or Contribution PurposeGENERAL DONATIONGrantOrContributionPurposeTxt
Amt$8,100Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,100TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,516ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$1,420RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,516ExclusionAmt
Related Or Exempt Function Incm-$1,420RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,096TotalIncomeProducingActyAmt

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$1,114Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
KINDER MORGAN2015-09PURCHASE2018-08$3,511$4,897-$1,386
PEMBINA PIPELINE CORP2007-06PURCHASE2018-06$1$10-$9
WELLS FARGO & CO1996-09PURCHASE2018-06$1$26-$25

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSECURITIESStockNm
EOY Book Value$281,595EOYBookValueAmt
EOYFMV$281,595EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN ON SECURITIESDesc
Amt$58,035Amt

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