RAY FOUNDATION INC
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Cite this
Plain text RAY FOUNDATION INC. furp.org, nonprofit organization profile, tax years 2017–2024. https://furp.org/org/ray-foundation-inc-810288819. Retrieved 2026-11-07.
APA furp.org. (n.d.). RAY FOUNDATION INC [Nonprofit organization profile; tax years 2017–2024]. Retrieved November 7, 2026, from https://furp.org/org/ray-foundation-inc-810288819
MLA “RAY FOUNDATION INC.” furp.org, tax years 2017–2024, https://furp.org/org/ray-foundation-inc-810288819. Accessed 7 Nov. 2026.
Retrieved 2026-11-07; covers tax years 2017–2024. Data: furp.org (index © the FURP Alliance; the records are public domain).
2024 · Form 990PF · revenue $9.6M · expenses $13.9M · assets $66.9M
- EIN
- 81-0288819
- Address
- 100 AVIATION DR S STE 203, NAPLES, FL 34104-3583
- Website
- WWW.RAYFOUNDATION.US
- NTEE code
- H99 Medical Research N.E.C. (Medical Research) inferred (by a small language model from the name and 990 text, confidence 0.50; not an IRS classification)
- FURP topic
- launch: aviation · women: issues (from its 990 text; the topic index)
- Exempt type
- 501(c)(3): charitable, religious, educational, scientific or literary (corporation)
- Ruling date
- November 1963 (when the IRS recognized its exemption)
- IRS status
- Exempt (unconditional) (IRS Business Master File) IRS data ↗
- Tax-deductible donations
- Yes: listed in IRS Publication 78 (private foundation) Pub 78 ↗
- Foundation status
- Private non-operating foundation
- Cross-check
- ProPublica Nonprofit Explorer
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
5 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| Charles J Ahearn | PRESIDENT/DIRECTOR | 2017-2024 | $600,000 | $3,697,917 | 2 |
| Jeffery J Tempas | TREASURER/DIRECTOR | 2017-2024 | $396,667 | $1,519,166 | 2 |
| Patricia J Arthur | SECRETARY/DIRECTOR | 2020-2024 | $295,833 | $856,667 | 2 |
| Theodore H Brousseau (former) | DIRECTOR EMERITUS | 2017-2021 | $729,166 | $1,342,499 | 1 |
| Jeffrey J Tempas (former) | TREASURER/DIRECTOR | 2023 | $360,000 | $360,000 | 1 |
People by year
2024 · 3 people listed · 3 paid, $1.3M
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| CHARLES J AHEARN | PRESIDENT/DIRECTOR | 40 | $600,000 | - | $0 | $600,000 | 2 |
| JEFFERY J TEMPAS | TREASURER/DIRECTOR | 40 | $396,667 | - | $0 | $396,667 | 2 |
| PATRICIA J ARTHUR | SECRETARY/DIRECTOR | 40 | $295,833 | - | $0 | $295,833 | 2 |
2023 · 3 people listed · 3 paid, $1.2M
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| CHARLES J AHEARN | PRESIDENT/DIRECTOR | 40 | $600,000 | - | $0 | $600,000 | 2 |
| JEFFREY J TEMPAS | TREASURER/DIRECTOR | 24 | $360,000 | - | $0 | $360,000 | 1 |
| PATRICIA J ARTHUR | SECRETARY/DIRECTOR | 24 | $250,000 | - | $0 | $250,000 | 2 |
2022 · 3 people listed · 3 paid, $935K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| CHARLES J AHEARN | PRESIDENT/DIRECTOR | 40 | $500,000 | - | $0 | $500,000 | 2 |
| JEFFERY J TEMPAS | TREASURER/DIRECTOR | 24 | $259,166 | - | $0 | $259,166 | 2 |
| PATRICIA J ARTHUR | SECRETARY/DIRECTOR | 24 | $175,417 | - | $0 | $175,417 | 2 |
2021 · 4 people listed · 4 paid, $1.6M
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| THEODORE H BROUSSEAU | DIRECTOR EMERITUS | 2 | $729,166 | - | $0 | $729,166 | 1 |
| CHARLES J AHEARN | PRESIDENT/DIRECTOR | 40 | $500,000 | - | $0 | $500,000 | 2 |
| JEFFERY J TEMPAS | TREASURER/DIRECTOR | 24 | $250,000 | - | $0 | $250,000 | 2 |
| PATRICIA J ARTHUR | SECRETARY/DIRECTOR | 24 | $125,000 | - | $0 | $125,000 | 2 |
2020 · 4 people listed · 4 paid, $1.0M
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| CHARLES J AHEARN | PRESIDENT/DIRECTOR | 40 | $500,000 | - | $0 | $500,000 | 2 |
| JEFFERY J TEMPAS | TREASURER/DIRECTOR | 24 | $250,000 | - | $0 | $250,000 | 2 |
| THEODORE H BROUSSEAU | DIRECTOR EMERITUS | 20 | $250,000 | - | $0 | $250,000 | 1 |
| PATRICIA J ARTHUR | SECRETARY/DIRECTOR | 20 | $10,417 | - | $0 | $10,417 | 2 |
2019 · 3 people listed · 3 paid, $811K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| CHARLES J AHEARN | PRESIDENT/DIRECTOR | 40 | $424,167 | - | $0 | $424,167 | 2 |
| JEFFERY J TEMPAS | TREASURER/DIRECTOR | 24 | $193,333 | - | $0 | $193,333 | 2 |
| THEODORE H BROUSSEAU | SECRETARY/DIRECTOR | 20 | $193,333 | - | $0 | $193,333 | 1 |
2018 · 3 people listed · 3 paid, $579K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| CHARLES J AHEARN | PRESIDENT/DIRECTOR | 40 | $348,750 | - | $0 | $348,750 | 2 |
| JEFFERY J TEMPAS | TREASURER/DIRECTOR | 24 | $115,000 | - | $0 | $115,000 | 2 |
| THEODORE H BROUSSEAU | SECRETARY/DIRECTOR | 20 | $115,000 | - | $0 | $115,000 | 1 |
2017 · 3 people listed · 3 paid, $335K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| CHARLES J AHEARN | PRESIDENT/DIRECTOR | 40 | $225,000 | - | $0 | $225,000 | 2 |
| JEFFERY J TEMPAS | TREASURER/DIRECTOR | 16 | $55,000 | - | $0 | $55,000 | 2 |
| THEODORE H BROUSSEAU | SECRETARY/DIRECTOR | 16 | $55,000 | - | $0 | $55,000 | 1 |
Highest-paid independent contractors
No independent contractors reported.
Who the money went to
Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.
2024 · 40 grants to organizations · $11.4M
2023 · 36 grants to organizations · $18.2M
2022 · 54 grants to organizations · $10.3M
2021 · 29 grants to organizations · $9.2M
2020 · 33 grants to organizations · $10.9M
2019 · 29 grants to organizations · $11.5M
2018 · 21 grants to organizations · $13.2M
2017 · 23 grants to organizations · $2.8M
Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.
Who gave
Contributors listed on Schedule B of the Form 990-PF: name, city and state as filed (street addresses are not shown), with total and noncash contributions for the year. A link to an organization's page is tagged Fuzzy with its name-similarity score (0 to 1) when it rests on name and state; Schedule B lists no EIN, so no link here is an exact identifier match.
2022 · 2 contributors · $1.2M
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 2 | AVIATION EDUCATION FOUNDATION Fuzzy 1.00 | Organization or other | NAPLES, FL | $1,214,804 | - | Form 990PF Sch. B, 2022 · filing |
| 1 | ESTATE OF JAMES C RAY | Organization or other | NAPLES, FL | $2,829 | - | Form 990PF Sch. B, 2022 · filing |
2021 · 2 contributors · $2.1M
2020 · 1 contributor · $40K
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 1 | ESTATE OF JAMES C RAY | Organization or other | NAPLES, FL | $40,000 | - | Form 990PF Sch. B, 2020 · filing |
2019 · 2 contributors · $7.2M
2018 · 1 contributor · $1.5M
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 1 | ESTATE OF JAMES C RAY | Organization or other | NAPLES, FL | $1,475,000 | $1,475,000 | Form 990PF Sch. B, 2018 · filing |
2017 · 2 contributors · $12.5M
Contributors listed here are as reported on the filing. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990PF | ||||||||
| $9,577,031 | $13,852,059 | $66,934,933 | $66,934,933 | $4,274 | - | $1,292,500 | - | - |
| 2023 · Form 990PF | ||||||||
| $18,684,076 | $20,151,373 | $71,209,961 | $71,209,961 | $2,455 | - | $1,210,000 | - | - |
| 2022 · Form 990PF | ||||||||
| $7,315,310 | $11,818,859 | $72,677,238 | $72,677,238 | $1,217,633 | - | $934,583 | - | - |
| 2021 · Form 990PF | ||||||||
| $11,505,599 | $11,390,289 | $76,177,416 | $76,177,416 | $2,101,279 | - | $1,604,166 | - | - |
| 2020 · Form 990PF | ||||||||
| $10,261,571 | $12,438,084 | $75,953,004 | $75,953,004 | $40,000 | - | $1,010,417 | - | - |
| 2019 · Form 990PF | ||||||||
| $13,003,309 | $13,178,123 | $79,201,353 | $79,201,353 | $7,213,908 | - | $810,833 | - | - |
| 2018 · Form 990PF | ||||||||
| $10,539,243 | $14,339,268 | $79,321,300 | $79,321,300 | $1,475,000 | - | $578,750 | - | - |
| 2017 · Form 990PF | ||||||||
| $17,516,715 | $3,361,498 | $83,247,781 | $83,247,781 | $12,542,584 | - | $335,000 | - | - |
Connected to
Organizations that list some of the same people on their returns (officers, directors, key employees on this organization’s latest return), and related organizations it lists on Schedule R.
- AVIATION EDUCATION FOUNDATION Naples, FL · 3 people in common (Charles J Ahearn, Jeffery J Tempas, Patricia J Arthur)
Funders of this organization
Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).
Nearby + Similar BETA
Organizations like this one: what they do and who they are linked to
Same category: NTEE code and revenue
Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| TIMOTHY T DAY FOUNDATION INC | AZ | T20 | $5,417,117 | $5,757,999 | CHAIRMAN/ PRESIDENT/ DIREC | $0 | Similar name, revenue within 2x |
| ARMSTRONG FOUNDATION INC | FL | T20 | $3,074,524 | $653,628 | PRESIDENT | $0 | Similar name, revenue within 5x, same state |
| PPC FOUNDATION INC | WI | Not reported | $4,387,021 | $15,369 | President & Director | $0 | Similar name, revenue within 5x |
| WAWA FOUNDATION INC | PA | P20 | $20,326,791 | $18,009,926 | PRESIDENT | $0 | Similar name, revenue within 5x |
| AFIA FOUNDATION INC | NY | E11 | $3,427,007 | $7,749,559 | PRESIDENT & CEO - PAID BY WFR | $444,386 | Similar name, revenue within 5x |
| HOPE RE FOUNDATION INC | VT | Not reported | $2,120,014 | $1,559,330 | PRESIDENT, TREASURER, DIRECTOR | $32,110 | Similar name, revenue within 5x |
| EVJUE FOUNDATION INC | WI | Not reported | $3,272,936 | $2,534,905 | DIRECTOR | $304,148 | Similar name, revenue within 5x |
| BCBSM FOUNDATION INC | MN | Not reported | $2,052,517 | $6,523,057 | PRESIDENT | $472,469 | Similar name, revenue within 5x |
| VICTORIA FOUNDATION INC | NJ | Not reported | $19,591,024 | $17,196,484 | EXECUTIVE OFFICER & ASST. SECRETARY | $526,992 | Similar name, revenue within 5x |
| CHU FAMILY FOUNDATION INC | GA | T30 | $3,978,672 | $681,583 | PRESIDENT | $0 | Similar name, revenue within 5x |
| FALCONWOOD FOUNDATION INC | NY | Not reported | $3,368,443 | $3,618,636 | PRES/TREAS DIRECTOR | $0 | Similar name, revenue within 5x |
| KIDSPEACE FOUNDATION INC | PA | B28 | $3,326,786 | $884,144 | VICE PRESIDENT | $480,649 | Similar name, revenue within 5x |
| IRA M RESNICK FOUNDATION INC | NY | T60 | $1,950,517 | $750,467 | SECTY/TREAS. | $37,000 | Similar name, revenue within 5x |
| SAVE FOUNDATION INC | FL | R30 | $1,149,840 | $1,275,390 | EXECUTIVE DIRECTOR | $134,164 | Similar name, revenue within 10x, same state |
| SHOP RAT FOUNDATION INC | MI | B03 | $1,438,171 | $394,586 | EXECUTIVE DI | $89,687 | Similar name, revenue within 10x |
| KORE FOUNDATION INC | TN | Q33 | $1,346,897 | $1,162,456 | CEO | $0 | Similar name, revenue within 10x |
| LUKAJ FOUNDATION INC | CT | T20 | $1,110,064 | $637,403 | FOUNDATION M | $0 | Similar name, revenue within 10x |
| KELLEY FOUNDATION INC | MN | Not reported | $1,187,968 | $1,527,103 | PRESIDENT/DI | $0 | Similar name, revenue within 10x |
| APOLLO FOUNDATION INC | LA | S31 | $1,166,083 | $1,063,132 | DIRECTOR & VICE PRESIDENT | $0 | Similar name, revenue within 10x |
| LIBERTY FOUNDATION INC | LA | S80 | $1,028,059 | $80,500 | VICE-PRESIDE | $0 | Similar name, revenue within 10x |
| SAPPHIRE FOUNDATION INC | TX | T22 | $1,670,052 | $1,894,422 | Dir, Sec, exec dir | $155,337 | Similar name, revenue within 10x |
| SUN POINT FOUNDATION INC | PA | F60 | $1,264,170 | $1,274,978 | EXECUTIVE DIRECTOR OF OPERATIONS | $63,540 | Similar name, revenue within 10x |
| LAKE TO RIVER FOUNDATION INC | OH | S30 | $1,893,427 | $1,077,453 | CHAIR | $0 | Similar name, revenue within 10x |
| THE RAPE FOUNDATION | CA | Not reported | $1,310,851 | $22,853,536 | CO-CHAIR | $0 | Similar name, revenue within 10x |
| TT FOUNDATION | WA | T20 | $1,086,144 | $75,867 | PRESIDENT, T | $12,000 | Similar name, revenue within 10x |
Who funds organizations like this
Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).
The full list · all similar organizations
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2024 · Form 990PF · $13,852,059 spent · pay $1,292,500 · grants $11,356,545 · events $195,193
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $11,356,545 | 82.0% | |
| Pay: officers, directors, trustees | $1,292,500 | 9.3% | |
| Taxes | $689,792 | 5.0% | |
| Depreciation and depletion | $232,261 | 1.7% | |
| Travel, conferences and meetings | $195,193 | 1.4% | |
| Occupancy | $39,868 | 0.3% | |
| Other expenses | $32,752 | 0.2% | |
| Fees: accounting | $11,650 | 0.1% | |
| Fees: other professional | $1,498 | 0.0% | |
| Total | $13,852,059 | 100% |
2023 · Form 990PF · $20,151,373 spent · pay $1,229,200 · grants $18,190,586 · events $192,332
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $18,190,586 | 90.3% | |
| Pay: officers, directors, trustees | $1,210,000 | 6.0% | |
| Depreciation and depletion | $232,261 | 1.2% | |
| Taxes | $218,018 | 1.1% | |
| Travel, conferences and meetings | $192,332 | 1.0% | |
| Occupancy | $47,086 | 0.2% | |
| Other expenses | $35,461 | 0.2% | |
| Other salaries and wages | $19,200 | 0.1% | |
| Fees: accounting | $3,500 | 0.0% | |
| Fees: other professional | $2,534 | 0.0% | |
| Fees: legal | $395 | 0.0% | |
| Total | $20,151,373 | 100% |
2022 · Form 990PF · $11,818,859 spent · pay $940,191 · grants $10,272,244 · events $69,440
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $10,272,244 | 86.9% | |
| Pay: officers, directors, trustees | $934,583 | 7.9% | |
| Depreciation and depletion | $232,261 | 2.0% | |
| Taxes | $137,128 | 1.2% | |
| Other expenses | $110,571 | 0.9% | |
| Travel, conferences and meetings | $69,440 | 0.6% | |
| Occupancy | $53,524 | 0.5% | |
| Other salaries and wages | $5,608 | 0.0% | |
| Fees: accounting | $3,500 | 0.0% | |
| Total | $11,818,859 | 100% |
2021 · Form 990PF · $11,390,289 spent · pay $1,608,916 · grants $9,150,800 · events $38,361
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $9,150,800 | 80.3% | |
| Pay: officers, directors, trustees | $1,604,166 | 14.1% | |
| Depreciation and depletion | $232,261 | 2.0% | |
| Taxes | $206,469 | 1.8% | |
| Other expenses | $93,513 | 0.8% | |
| Occupancy | $56,469 | 0.5% | |
| Travel, conferences and meetings | $38,361 | 0.3% | |
| Other salaries and wages | $4,750 | 0.0% | |
| Fees: accounting | $3,500 | 0.0% | |
| Total | $11,390,289 | 100% |
2020 · Form 990PF · $12,438,084 spent · pay $1,015,792 · grants $10,948,833 · events -$4,831
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $10,948,833 | 88.0% | |
| Pay: officers, directors, trustees | $1,010,417 | 8.1% | |
| Depreciation and depletion | $232,261 | 1.9% | |
| Taxes | $124,094 | 1.0% | |
| Occupancy | $59,342 | 0.5% | |
| Other expenses | $56,223 | 0.5% | |
| Other salaries and wages | $5,375 | 0.0% | |
| Fees: legal | $3,370 | 0.0% | |
| Fees: accounting | $3,000 | 0.0% | |
| Travel, conferences and meetings | -$4,831 | -0.0% | |
| Total | $12,438,084 | 100% |
2019 · Form 990PF · $13,178,123 spent · pay $815,839 · grants $11,496,437 · events $46,818
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $11,496,437 | 87.2% | |
| Pay: officers, directors, trustees | $810,833 | 6.2% | |
| Taxes | $415,910 | 3.2% | |
| Depreciation and depletion | $226,721 | 1.7% | |
| Other expenses | $98,308 | 0.7% | |
| Occupancy | $67,732 | 0.5% | |
| Travel, conferences and meetings | $46,818 | 0.4% | |
| Fees: legal | $7,358 | 0.1% | |
| Other salaries and wages | $5,006 | 0.0% | |
| Fees: accounting | $3,000 | 0.0% | |
| Total | $13,178,123 | 100% |
2018 · Form 990PF · $14,339,268 spent · pay $583,250 · grants $13,229,794 · events $40,680
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $13,229,794 | 92.3% | |
| Pay: officers, directors, trustees | $578,750 | 4.0% | |
| Depreciation and depletion | $170,087 | 1.2% | |
| Taxes | $144,689 | 1.0% | |
| Other expenses | $97,965 | 0.7% | |
| Occupancy | $65,374 | 0.5% | |
| Travel, conferences and meetings | $40,680 | 0.3% | |
| Other salaries and wages | $4,500 | 0.0% | |
| Fees: legal | $4,429 | 0.0% | |
| Fees: accounting | $3,000 | 0.0% | |
| Total | $14,339,268 | 100% |
2017 · Form 990PF · $3,361,498 spent · pay $341,964 · grants $2,792,077 · events $20,888
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $2,792,077 | 83.1% | |
| Pay: officers, directors, trustees | $335,000 | 10.0% | |
| Other expenses | $80,743 | 2.4% | |
| Occupancy | $64,844 | 1.9% | |
| Taxes | $57,082 | 1.7% | |
| Travel, conferences and meetings | $20,888 | 0.6% | |
| Other salaries and wages | $6,964 | 0.2% | |
| Fees: accounting | $3,845 | 0.1% | |
| Fees: legal | $55 | 0.0% | |
| Total | $3,361,498 | 100% |
State business registration
- RAY FOUNDATION, INC. FL, Foreign nonprofit corporation (FORNP), Active, formed 2006-11-01
The same business name in the same state, from the state’s official registry data.
Comments