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Ray Foundation

Organization summary

Type of Nonprofit

Designated as a 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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$6.07k (2023)

Expenses
$34.6k (2023)

Total Assets
$492k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,072
Expenses
$34,649
Net Income
-$28,577
Net Assets
$491,613
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,164
19.2%
Dividends $7,554
> 100%
Sales of Assets -$2,646
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,500
73.6%
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 $491,613
Total Liabilities $0
Net Assets $491,613
Compensation
Key Employees and Officers Compensation Other
Henry B Ray Jr (President) $0 $0
Carolyn M Ray (Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,269
Expenses
$29,265
Net Income
-$9,996
Net Assets
$479,319
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $30
0.2%
Dividends $7,491
38.9%
Sales of Assets $11,748
61.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $18,000
61.5%
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 $479,319
Total Liabilities $0
Net Assets $479,319
Compensation
Key Employees and Officers Compensation Other
Henry B Ray Jr (President) $0 $0
Carolyn M Ray (Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$389,926
Expenses
$24,769
Net Income
$365,157
Net Assets
$586,757
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $173,931
44.6%
Interest Revenue $1
0.0%
Dividends $6,329
1.6%
Sales of Assets $209,665
53.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,000
60.6%
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 $586,757
Total Liabilities $0
Net Assets $586,757
Compensation
Key Employees and Officers Compensation Other
Henry B Ray Jr (President) $0 $0
Carolyn M Ray (Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$135,571
Expenses
$15,254
Net Income
$120,317
Net Assets
$305,191
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $37
0.0%
Dividends $3,567
2.6%
Sales of Assets $131,967
97.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,500
81.9%
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 $305,192
Total Liabilities $1
Net Assets $305,191
Compensation
Key Employees and Officers Compensation Other
Henry B Ray Jr (President) $0 $0
Carolyn M Ray (Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,489
Expenses
$15,959
Net Income
$1,530
Net Assets
$253,220
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $22
0.1%
Dividends $3,731
21.3%
Sales of Assets $13,736
78.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,600
79.0%
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 $253,221
Total Liabilities $1
Net Assets $253,220
Compensation
Key Employees and Officers Compensation Other
Henry B Ray Jr (President) $0 $0
Carolyn M Ray (Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,096
Expenses
$9,214
Net Income
-$7,118
Net Assets
$283,763
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $3,516
> 100%
Sales of Assets -$1,420
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,100
87.9%
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 $283,763
Total Liabilities $0
Net Assets $283,763
Compensation
Key Employees and Officers Compensation Other
Henry B Ray Jr (President) $0 $0
Carolyn M Ray (Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,249
Expenses
$11,092
Net Income
-$6,843
Net Assets
$232,846
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,025
24.1%
Interest Revenue $0
Dividends $3,079
72.5%
Sales of Assets $145
3.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,000
90.2%
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 $232,846
Total Liabilities $0
Net Assets $232,846
Compensation
Key Employees and Officers Compensation Other
Henry B Ray Jr (President) $0 $0
Carolyn M Ray (Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,956
Expenses
$10,400
Net Income
-$4,444
Net Assets
$185,355
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,332
72.7%
Sales of Assets $1,624
27.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,100
97.1%
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 $185,355
Total Liabilities $0
Net Assets $185,355
Compensation
Key Employees and Officers Compensation Other
Henry B Ray Jr (President) $0 $0
Carolyn M Ray (Treasurer) $0 $0
Henry B Ray Iii (Director) $0 $0
Webster M Ray (Director) $0 $0

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,578
Expenses
$8,395
Net Income
-$3,817
Net Assets
$189,799
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,323
94.4%
Sales of Assets $255
5.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,000
95.3%
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 $189,799
Total Liabilities $0
Net Assets $189,799
Compensation
Key Employees and Officers Compensation Other
Henry B Ray Jr (President) $0 $0
Carolyn M Ray (Treasurer) $0 $0
Henry B Ray Iii (Director) $0 $0
Webster M Ray (Director) $0 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,176
Expenses
$8,373
Net Income
-$4,197
Net Assets
$196,773
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,176
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,000
95.5%
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 $196,773
Total Liabilities $0
Net Assets $196,773
Compensation
Key Employees and Officers Compensation Other
Henry B Ray Jr (President) $0 $0
Carolyn M Ray (Treasurer) $0 $0
Henry B Ray Iii (Director) $0 $0
Webster M Ray (Director) $0 $0

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,478
Expenses
$7,201
Net Income
-$5,723
Net Assets
$139,602
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $3,948
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,500
90.3%
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 $139,602
Total Liabilities $0
Net Assets $139,602

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,942
Expenses
$5,000
Net Income
-$2,058
Net Assets
$173,362
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,950
66.3%
Sales of Assets $977
33.2%
Other Income $15
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,000
100%
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 $173,362
Total Liabilities $0
Net Assets $173,362

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$11,579
Expenses
$6,151
Net Income
-$17,730
Net Assets
$116,916
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,713
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,000
81.3%
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 $116,916
Total Liabilities $0
Net Assets $116,916

Document Links

Fiscal Year Ending Aug.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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