Ramak Foundation

Charleston, SC
Tax-exempt since Dec. 2004
EIN: 20-0510049

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.16M (2024)

Expenses

$132k (2024)

Total Assets

$2.9M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,156,711

Expenses

$132,188

Net Income

$1,024,523

Net Assets

$2,897,969

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$757,909	65.5%
Interest Revenue	$14,402	1.2%
Dividends	$41,843	3.6%
Sales of Assets	$342,557	29.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,000	79.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,897,969
Total Liabilities	$0
Net Assets	$2,897,969

Compensation

Key Employees and Officers	Compensation	Other
Amanda Avers (President/Secretary/Trustee)	$0	$0
Michael Bearss (V.P./Treasurer/Trustee)	$0	$0
Eldean Nettles (Trustee)	$0	$0

990-PF

Filed on Nov. 11, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2023

Revenue

$513,665

Expenses

$179,418

Net Income

$334,247

Net Assets

$1,873,446

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$379,530	73.9%
Interest Revenue	$40	0.0%
Dividends	$40,595	7.9%
Sales of Assets	$93,500	18.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$160,000	89.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,873,446
Total Liabilities	$0
Net Assets	$1,873,446

Compensation

Key Employees and Officers	Compensation	Other
Amanda Avers (President/Secretary/Trustee)	$0	$0
Michael Bearss (V.P./Treasurer/Trustee)	$0	$0
Eldean Nettles (Trustee)	$0	$0

990-PF

Filed on Nov. 4, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$93,907

Expenses

$192,486

Net Income

-$98,579

Net Assets

$1,539,199

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$30	0.0%
Dividends	$38,708	41.2%
Sales of Assets	$55,169	58.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$170,000	88.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,539,199
Total Liabilities	$0
Net Assets	$1,539,199

Compensation

Key Employees and Officers	Compensation	Other
Amanda Avers (President/Secretary/Trustee)	$0	$0
Michael Bearss (V.P./Treasurer/Trustee)	$0	$0
Eldean Nettles (Trustee)	$0	$0

990-PF

Filed on Oct. 24, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$174,954

Expenses

$141,323

Net Income

$33,631

Net Assets

$1,637,778

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8	0.0%
Dividends	$37,934	21.7%
Sales of Assets	$137,012	78.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,000	84.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,637,778
Total Liabilities	$0
Net Assets	$1,637,778

Compensation

Key Employees and Officers	Compensation	Other
Richard Sherman Bearss (President, Trustee)	$0	$0
Amanda Ayers (Trustee)	$0	$0
Michael Bearss (Trustee)	$0	$0

990-PF

Filed on Nov. 10, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$63,736

Expenses

$88,403

Net Income

-$24,667

Net Assets

$1,604,146

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.0%
Dividends	$35,705	56.0%
Sales of Assets	$28,026	44.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,000	79.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,604,147
Total Liabilities	$1
Net Assets	$1,604,146

Compensation

Key Employees and Officers	Compensation	Other
Richard Sherman Bearss (President, Trustee)	$0	$0
Amanda Ayers (Trustee)	$0	$0
Michael Bearss (Trustee)	$0	$0

990-PF

Filed on Nov. 8, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$11,796

Expenses

$230,455

Net Income

-$218,659

Net Assets

$1,628,813

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$264	2.2%
Dividends	$41,660	> 100%
Sales of Assets	$0
Other Income	$162	1.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$206,475	89.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,628,814
Total Liabilities	$1
Net Assets	$1,628,813

Compensation

Key Employees and Officers	Compensation	Other
Richard Sherman Bearss (President, Trustee)	$0	$0
Amanda Ayers (Trustee)	$0	$0
Michael Bearss (Trustee)	$0	$0

990-PF

Filed on Oct. 28, 2020

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2018

Revenue

$237,336

Expenses

$159,748

Net Income

$77,588

Net Assets

$1,847,473

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$329	0.1%
Dividends	$23,879	10.1%
Sales of Assets	$213,128	89.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$142,450	89.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,847,473
Total Liabilities	$0
Net Assets	$1,847,473

Compensation

Key Employees and Officers	Compensation	Other
Richard Sherman Bearss (President, Trustee)	$0	$0
Amanda Ayers (Trustee)	$0	$0
Michael Bearss (Trustee)	$0	$0

990-PF

Filed on Nov. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$281,729

Expenses

$76,561

Net Income

$205,168

Net Assets

$1,768,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,444	1.9%
Interest Revenue	$53	0.0%
Dividends	$27,253	9.7%
Sales of Assets	$248,979	88.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$59,450	77.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,768,635
Total Liabilities	$0
Net Assets	$1,768,635

Compensation

Key Employees and Officers	Compensation	Other
Richard Sherman Bearss (President, Trustee)	$0	$0
Amanda Ayers (Trustee)	$0	$0
Michael Bearss (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$78,536

Expenses

$56,408

Net Income

$22,128

Net Assets

$1,559,356

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.0%
Dividends	$26,448	33.7%
Sales of Assets	$52,083	66.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,450	54.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,564,800
Total Liabilities	$5,444
Net Assets	$1,559,356

Compensation

Key Employees and Officers	Compensation	Other
Richard Sherman Bearss (President, Trustee)	$0	$0
Amanda Ayers (Trustee)	$0	$0
Michael Bearss (Trustee)	$0	$0

990-PF

Filed on Sept. 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$111,654

Expenses

$43,506

Net Income

$68,148

Net Assets

$1,537,228

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17	0.0%
Dividends	$27,648	24.8%
Sales of Assets	$83,989	75.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,450	58.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,542,672
Total Liabilities	$5,444
Net Assets	$1,537,228

Compensation

Key Employees and Officers	Compensation	Other
Richard Sherman Bearss (President, Trustee)	$0	$0
Amanda Ayers (Trustee)	$0	$0
Michael Bearss (Trustee)	$0	$0

990-PF

Filed on Oct. 12, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$159,514

Expenses

$48,694

Net Income

$110,820

Net Assets

$1,469,080

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$41	0.0%
Dividends	$28,590	17.9%
Sales of Assets	$130,883	82.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,950	71.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,474,524
Total Liabilities	$5,444
Net Assets	$1,469,080

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$79,354

Expenses

$39,960

Net Income

$39,394

Net Assets

$1,358,260

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,985	23.9%
Sales of Assets	$60,369	76.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,520	58.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,363,704
Total Liabilities	$5,444
Net Assets	$1,358,260

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$81,144

Expenses

$6,993

Net Income

$74,151

Net Assets

$1,318,866

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,349	27.5%
Sales of Assets	$58,795	72.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,324,310
Total Liabilities	$5,444
Net Assets	$1,318,866

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$132,304

Expenses

$85,645

Net Income

$46,659

Net Assets

$1,244,715

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,412	16.9%
Sales of Assets	$109,892	83.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,910	22.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,250,159
Total Liabilities	$5,444
Net Assets	$1,244,715

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Ramak Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.16M (2024)

Expenses $132k (2024)

Total Assets $2.9M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Revenue

$1.16M (2024)

Expenses

$132k (2024)

Total Assets

$2.9M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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