RAY FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: RAY FOUNDATION (EIN 63-1159873)
Tax period: 2013-09-01 to 2014-08-31
Filed: 2014-09-15
IRS object ID: 201422589349100322
Schema version: 2013v3.1
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
Form 990-PF
Compensation Explanation
Investments Corp Stock Schedule
Other Expenses Schedule
Other Increases Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2014-09-15T15:12:53-05:00	ReturnTs
Tax Period End	2014-08-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	631027759	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	JAMES S SNOW & ASSOCIATES	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	728 SHADES CREEK PKWY SUITE 130	AddressLine1
City	BIRMINGHAM	City
State	AL	State
ZIP Code	35209	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2013-09-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	631159873	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE RAY FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	RAYF	BusinessNameControlTxt
Phone	2058793036	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3800 FOREST GLEN DRIVE	AddressLine1
City	BIRMINGHAM	City
State	AL	State
ZIP Code	35213	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	HENRY RAY	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	2058793036	PhoneNum
Signature	2014-09-15	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JAMES S SNOW JR CPA PFS ABV	PreparerPersonNm
PTIN	P01426899	PTIN
Phone	2058701166	PhoneNum
Preparation	2014-09-11	PreparationDt

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$196,773	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$4,176	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$4,176	DividendsNetInvstIncmAmt
Total Rev And Expnss	$4,176	TotalRevAndExpnssAmt
Total Net Invst Incm	$4,176	TotalNetInvstIncmAmt
Taxes Rev And Expnss	$373	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$373	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$8,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$8,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$8,373	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$8,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$4,197	ExcessRevenueOverExpensesAmt
Net Investment Income	$4,176	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$7,834	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$3,637	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$3,637	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$131,768	CorporateStockBOYAmt
Corporate Stock EOY	$193,136	CorporateStockEOYAmt
Corporate Stock EOYFMV	$193,136	CorporateStockEOYFMVAmt
Total Assets BOY	$139,602	TotalAssetsBOYAmt
Total Assets EOY	$196,773	TotalAssetsEOYAmt
Total Assets EOYFMV	$196,773	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$139,602	UnrestrictedBOYAmt
Unrestricted EOY	$196,773	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$139,602	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$196,773	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$139,602	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$196,773	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$139,602	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$4,197	ExcessRevenueOverExpensesAmt
Other Increases	$61,368	OtherIncreasesAmt
Subtotal	$196,773	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$196,773	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$6,500	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$153,114	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.042452	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$5,000	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$142,549	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.035076	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$5,000	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$103,510	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.048305	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$3,000	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$87,209	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.034400	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$5,763	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$59,365	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.097077	DistributionYr5Rt
Total Distribution	0.257310	TotalDistributionRt
Average Distribution	0.051462	AverageDistributionRt
Net Vl Noncharitable Assets	$168,833	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$8,688	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$42	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$8,730	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$8,000	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$84	InvestmentIncomeExciseTaxAmt
Subtotal	$84	SubtotalAmt
Tax Based On Investment Income	$84	TaxBasedOnInvestmentIncomeAmt
Tax Due	$84	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	AL	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	N/A	WebsiteAddressTxt
Individual With Books	HENRY B RAY JR	IndividualWithBooksNm
Phone	2058793036	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	3800 FOREST GLEN DR	AddressLine1
City	BIRMINGHAM	City
State	AL	State
ZIP Code	35213	ZIPCode

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	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
HENRY B RAY JR
3800 FOREST GLEN DR	BIRMINGHAM	AL	35223	PRESIDENT	0.50	$0	$0	$0
CAROLYN M RAY
3800 FOREST GLEN DR	BIRMINGHAM	AL	35213	TREASURER	0.50	$0	$0	$0
HENRY B RAY III
3800 FOREST GLEN DR	BIRMINGHAM	AL	35213	DIRECTOR	0.50	$0	$0	$0
WEBSTER M RAY
3800 FOREST GLEN DR	BIRMINGHAM	AL	35213	DIRECTOR	0.50	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$162,490	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$8,914	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$171,404	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$171,404	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$2,571	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$168,833	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$8,442	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$8,442	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$84	TaxBasedOnInvestmentIncomeAmt
Total Tax	$84	TotalTaxAmt
Distributable Before Adj	$8,358	DistributableBeforeAdjAmt
Distributable Before Ded	$8,358	DistributableBeforeDedAmt
Distributable As Adjusted	$8,358	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$8,000	ExpensesAndContributionsAmt
Qualifying Distributions	$8,000	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$8,000	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$8,358	DistributableAsAdjustedAmt
Undistributed Income PY	$7,461	UndistributedIncomePYAmt
Qualifying Distributions	$8,000	QualifyingDistributionsAmt
Applied To Year1	$7,461	AppliedToYear1Amt
Applied To Current Year	$539	AppliedToCurrentYearAmt
Undistributed Income CY	$7,819	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Shareholder Manager	NONE	ShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	HENRY B RAY JR	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	3800 FOREST GLENN DRIVE	AddressLine1
City	BIRMINGHAM	City
State	AL	State
ZIP Code	35213	ZIPCode

Field	Value	IRS element (for citing)
Recipient Phone	2058796100	RecipientPhoneNum
Form And Info And Materials	WRITTEN APPLICATION WITH A DESCRIPTION OF THE ORGANIZATION AND REASON FOR REQUEST.	FormAndInfoAndMaterialsTxt
Submission Deadlines	JULY 31 OF EACH YEAR	SubmissionDeadlinesTxt
Restrictions On Awards	GREATER BIRMINGHAM, AL AREA	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CYSTIC FIBROSIS FOUNDATION	BusinessNameLine1

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 CAHABA PARK CIRLE W	AddressLine1
City	BIRMINGHAM	City
State	AL	State
ZIP Code	35242	ZIPCode

Field	Value	IRS element (for citing)
Recipient Relationship	UNRELATED	RecipientRelationshipTxt
Grant Or Contribution Purpose	GENERAL DONATION	GrantOrContributionPurposeTxt
Amt	$8,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$8,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$4,176	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$4,176	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$4,176	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

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (4 entries)

HENRY B RAY JR
CAROLYN M RAY
HENRY B RAY III
WEBSTER M RAY

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	SECURITIES	StockNm
EOY Book Value	$193,136	EOYBookValueAmt
EOYFMV	$193,136	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc
EXPENSES
MISC EXP

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Description	UNREALIZED GAINS IN FMV OF SECURITIES	Description
Amount	$61,368	Amount

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Amt	$373	Amt

RAY FOUNDATION: Form 990PF, tax year 2013

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Recipient US Address RecipientUSAddress

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Recipient US Address RecipientUSAddress

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (4 entries)

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Comments