RAY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
RAY FOUNDATION (EIN 63-1159873)
Tax period
2015-09-01 to 2016-08-31
Filed
2017-05-23
IRS object ID
201721439349100007
Schema version
2015v3.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2017-05-23T09:02:11-05:00ReturnTs
Tax Period End2016-08-31TaxPeriodEndDt

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
CityMOUTAIN BROOKCityNm
State AbbreviationALStateAbbreviationCd
ZIP352232536ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-09-01TaxPeriodBeginDt

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
Signature2017-05-23SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES S SNOW JR CPA PFS ABVPreparerPersonNm
PTINP01426899PTIN
Phone2058701166PhoneNum
Preparation2017-05-23PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$186,438FMVAssetsEOYAmt
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$4,332DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,332DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$1,624NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$126,626GrossSalesPriceAmt
Total Rev And Expnss$5,956TotalRevAndExpnssAmt
Total Net Invst Incm$4,332TotalNetInvstIncmAmt
Taxes Rev And Expnss$300TaxesRevAndExpnssAmt
Taxes Net Invst Incm$300TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$300TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$300TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$10,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$10,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$10,400TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$300TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$10,100TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,444ExcessRevenueOverExpensesAmt
Net Investment Income$4,032NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,084SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,149SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,149SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$187,715CorporateStockBOYAmt
Corporate Stock EOY$180,206CorporateStockEOYAmt
Corporate Stock EOYFMV$181,289CorporateStockEOYFMVAmt
Total Assets BOY$189,799TotalAssetsBOYAmt
Total Assets EOY$185,355TotalAssetsEOYAmt
Total Assets EOYFMV$186,438TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$189,799UnrestrictedBOYAmt
Unrestricted EOY$185,355UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$189,799TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$185,355TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$189,799TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$185,355TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$189,799TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,444ExcessRevenueOverExpensesAmt
Subtotal$185,355SubtotalAmt
Tot Net Ast Or Fund Balances EOY$185,355TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$8,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$206,209NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.038796DistributionYr1Rt
Adjusted Qlfy Distri Yr2$8,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$168,833NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.047384DistributionYr2Rt
Adjusted Qlfy Distri Yr3$6,500AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$153,114NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.042452DistributionYr3Rt
Adjusted Qlfy Distri Yr4$5,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$142,549NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.035076DistributionYr4Rt
Adjusted Qlfy Distri Yr5$5,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$103,510NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.048305DistributionYr5Rt
Total Distribution0.212013TotalDistributionRt
Average Distribution0.042403AverageDistributionRt
Net Vl Noncharitable Assets$174,762NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$7,410AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$40NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$7,450AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$10,100QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$40InvestmentIncomeExciseTaxAmt
Subtotal$40SubtotalAmt
Tax Based On Investment Income$40TaxBasedOnInvestmentIncomeAmt
Tax Due$40TaxDueAmt

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 (4 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 DRBIRMINGHAMAL35223PRESIDENT1.00$0$0$0
CAROLYN M RAY
3800 FOREST GLEN DRBIRMINGHAMAL35213TREASURER1.00$0$0$0
HENRY B RAY III
3800 FOREST GLEN DRBIRMINGHAMAL35213DIRECTOR1.00$0$0$0
WEBSTER M RAY
3800 FOREST GLEN DRBIRMINGHAMAL35213DIRECTOR1.00$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$169,534AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$7,889AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$177,423TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$177,423AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,661CashDeemedCharitableAmt
Net Vl Noncharitable Assets$174,762NetVlNoncharitableAssetsAmt
Minimum Investment Return$8,738MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$8,738MinimumInvestmentReturnAmt
Tax Based On Investment Income$40TaxBasedOnInvestmentIncomeAmt
Total Tax$40TotalTaxAmt
Distributable Before Adj$8,698DistributableBeforeAdjAmt
Distributable Before Ded$8,698DistributableBeforeDedAmt
Distributable As Adjusted$8,698DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$10,100ExpensesAndContributionsAmt
Qualifying Distributions$10,100QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$40PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$10,060AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,698DistributableAsAdjustedAmt
Undistributed Income PY$10,045UndistributedIncomePYAmt
Qualifying Distributions$10,100QualifyingDistributionsAmt
Applied To Year1$10,045AppliedToYear1Amt
Applied To Current Year$55AppliedToCurrentYearAmt
Undistributed Income CY$8,643UndistributedIncomeCYAmt

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 Line1UAB SCHOOL OF NURSINGBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1510 20TH ST SOUTH 12AddressLine1Txt
CityBIRMINGHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35233ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipUNRELATEDRecipientRelationshipTxt
Grant Or Contribution PurposeGENERAL DONATIONGrantOrContributionPurposeTxt
Amt$10,100Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$10,100TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,332ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,624RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,332ExclusionAmt
Related Or Exempt Function Incm$1,624RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,956TotalIncomeProducingActyAmt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
APPLE2015-01PURCHASE2016-08$100,940$101,484-$544
PEMBINA PIPELINE CORP2015-01PURCHASE2016-08$25,686$23,518$2,168
PURCHASE

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSECURITIESStockNm
EOY Book Value$180,206EOYBookValueAmt
EOYFMV$181,289EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc
EXPENSES
ACCOUNT FEES

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXES PAID ON DIVIDENDSCategoryTxt
Amt$300Amt
Net Investment Income$300NetInvestmentIncomeAmt

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