BETA

RAY FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
RAY FOUNDATION (EIN 63-1159873)
Tax period
2016-09-01 to 2017-08-31
Filed
2017-10-05
IRS object ID
201722789349100757
Schema version
2016v3.0
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)
Return2017-10-05T14:57:47-05:00ReturnTs
Tax Period End2017-08-31TaxPeriodEndDt

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 Begin2016-09-01TaxPeriodBeginDt

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
Signature2017-09-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES S SNOW JR CPA PFS ABVPreparerPersonNm
PTINP01426899PTIN
Phone2058701166PhoneNum
Preparation2017-09-15PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device Id4205BC366715F46F880F7E22EA7F1FF25487E859AtSubmissionCreationDeviceId
At Submission Filing Device Id4205BC366715F46F880F7E22EA7F1FF25487E859AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$232,846FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,025ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$3,079DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,079DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$145NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$6,214GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$145CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$4,249TotalRevAndExpnssAmt
Total Net Invst Incm$3,224TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$1,092OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,092OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,092TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,092TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$10,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$10,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$11,092TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,092TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$10,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$6,843ExcessRevenueOverExpensesAmt
Net Investment Income$2,132NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$5,149SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$4,352SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$4,352SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$180,206CorporateStockBOYAmt
Corporate Stock EOY$228,494CorporateStockEOYAmt
Corporate Stock EOYFMV$228,494CorporateStockEOYFMVAmt
Total Assets BOY$185,355TotalAssetsBOYAmt
Total Assets EOY$232,846TotalAssetsEOYAmt
Total Assets EOYFMV$232,846TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$185,355UnrestrictedBOYAmt
Unrestricted EOY$232,846UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$185,355TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$232,846TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$185,355TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$232,846TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$185,355TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$6,843ExcessRevenueOverExpensesAmt
Other Increases$54,334OtherIncreasesAmt
Subtotal$232,846SubtotalAmt
Tot Net Ast Or Fund Balances EOY$232,846TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyWELLS FARGOPropertyDesc
How AcquiredDHowAcquiredCd
Acquired2009-01-01AcquiredDt
Sold2017-08-18SoldDt
Gross Sales Price$6,214GrossSalesPriceAmt
Cost Or Other Basis$6,069CostOrOtherBasisAmt
Gain Or Loss$145GainOrLossAmt
Gains Minus Excess Or Losses$145GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$145CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$10,060AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$174,762NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.057564DistributionYr1Rt
Adjusted Qlfy Distri Yr2$8,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$206,209NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.038796DistributionYr2Rt
Adjusted Qlfy Distri Yr3$8,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$168,833NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.047384DistributionYr3Rt
Adjusted Qlfy Distri Yr4$6,500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$153,114NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.042452DistributionYr4Rt
Adjusted Qlfy Distri Yr5$5,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$142,549NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.035076DistributionYr5Rt
Total Distribution0.221272TotalDistributionRt
Average Distribution0.044254AverageDistributionRt
Net Vl Noncharitable Assets$188,721NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$8,352AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$21NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$8,373AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$10,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$21InvestmentIncomeExciseTaxAmt
Subtotal$21SubtotalAmt
Tax Based On Investment Income$21TaxBasedOnInvestmentIncomeAmt
Tax Due$21TaxDueAmt

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$185,223AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$6,372AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$191,595TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$191,595AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,874CashDeemedCharitableAmt
Net Vl Noncharitable Assets$188,721NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,436MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,436MinimumInvestmentReturnAmt
Tax Based On Investment Income$21TaxBasedOnInvestmentIncomeAmt
Total Tax$21TotalTaxAmt
Distributable Before Adj$9,415DistributableBeforeAdjAmt
Distributable Before Ded$9,415DistributableBeforeDedAmt
Distributable As Adjusted$9,415DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$10,000ExpensesAndContributionsAmt
Qualifying Distributions$10,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$21PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$9,979AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,415DistributableAsAdjustedAmt
Undistributed Income PY$8,643UndistributedIncomePYAmt
Qualifying Distributions$10,000QualifyingDistributionsAmt
Applied To Year1$8,643AppliedToYear1Amt
Applied To Current Year$1,357AppliedToCurrentYearAmt
Undistributed Income CY$8,058UndistributedIncomeCYAmt

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$10,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$10,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,079ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$145RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,079ExclusionAmt
Related Or Exempt Function Incm$145RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,224TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSECURITIESStockNm
EOY Book Value$228,494EOYBookValueAmt
EOYFMV$228,494EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
ACCOUNT FEES$1,025$1,025
MISC$67$67

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN ON SECURITIESDesc
Amt$54,334Amt

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