Ray Foundation Inc

Naples, FL
Tax-exempt since Nov. 1963
EIN: 81-0288819

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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.

Donations to this organization are tax deductible.

Revenue

$18.7M (2024)

Expenses

$20.2M (2024)

Total Assets

$71.2M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2012 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 June
2024

Revenue

$18,684,076

Expenses

$20,151,373

Net Income

-$1,467,297

Net Assets

$71,209,961

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,455	0.0%
Interest Revenue	$0
Dividends	$4,964,608	26.6%
Sales of Assets	$12,547,199	67.2%
Other Income	$1,169,814	6.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,464,638	96.6%
Compensation of Officers*	$1,210,000	6.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$71,209,961
Total Liabilities	$0
Net Assets	$71,209,961

Compensation

Key Employees and Officers	Compensation	Other
Charles J Ahearn (President/Director)	$600,000	$0
Jeffrey J Tempas (Treasurer/Director)	$360,000	$0
Patricia J Arthur (Secretary/Director)	$250,000	$0

990-PF

Filed on May 12, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$7,315,310

Expenses

$11,818,859

Net Income

-$4,503,549

Net Assets

$72,677,238

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,217,633	16.6%
Interest Revenue	$268,607	3.7%
Dividends	$4,149,726	56.7%
Sales of Assets	$1,677,344	22.9%
Other Income	$2,000	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,256,940	95.2%
Compensation of Officers*	$934,583	7.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$72,677,238
Total Liabilities	$0
Net Assets	$72,677,238

Compensation

Key Employees and Officers	Compensation	Other
Charles J Ahearn (President/Director)	$500,000	$0
Jeffery J Tempas (Treasurer/Director)	$259,166	$0
Patricia J Arthur (Secretary/Director)	$175,417	$0

990-PF

Filed on Nov. 13, 2023

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2022

Revenue

$11,505,599

Expenses

$11,390,289

Net Income

$115,310

Net Assets

$76,177,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,101,279	18.3%
Interest Revenue	$197,647	1.7%
Dividends	$3,918,017	34.1%
Sales of Assets	$5,285,124	45.9%
Other Income	$3,532	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,757,867	94.4%
Compensation of Officers*	$1,604,166	14.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$76,177,416
Total Liabilities	$0
Net Assets	$76,177,416

Compensation

Key Employees and Officers	Compensation	Other
Theodore H Brousseau (Director Emeritus)	$729,166	$0
Charles J Ahearn (President/Director)	$500,000	$0
Jeffery J Tempas (Treasurer/Director)	$250,000	$0
Patricia J Arthur (Secretary/Director)	$125,000	$0

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990-PF

Filed on Oct. 31, 2022

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2021

Revenue

$10,261,571

Expenses

$12,438,084

Net Income

-$2,176,513

Net Assets

$75,953,003

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$40,000	0.4%
Interest Revenue	$217,450	2.1%
Dividends	$3,723,365	36.3%
Sales of Assets	$6,272,500	61.1%
Other Income	$8,256	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,897,137	95.7%
Compensation of Officers*	$1,010,417	8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$75,953,004
Total Liabilities	$1
Net Assets	$75,953,003

Compensation

Key Employees and Officers	Compensation	Other
Charles J Ahearn (President/Director)	$500,000	$0
Jeffery J Tempas (Treasurer/Director)	$250,000	$0
Theodore H Brousseau (Director Emeritus)	$250,000	$0
Patricia J Arthur (Secretary/Director)	$10,417	$0

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990-PF

Filed on Nov. 4, 2021

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending July
2020

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

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2020

Revenue

$13,003,309

Expenses

$13,178,123

Net Income

-$174,814

Net Assets

$79,201,352

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,213,908	55.5%
Interest Revenue	$264,867	2.0%
Dividends	$3,933,519	30.3%
Sales of Assets	$1,579,631	12.1%
Other Income	$11,384	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,386,458	94.0%
Compensation of Officers*	$810,833	6.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$79,201,353
Total Liabilities	$1
Net Assets	$79,201,352

Compensation

Key Employees and Officers	Compensation	Other
Charles J Ahearn (President/Director)	$424,167	$0
Jeffery J Tempas (Treasurer/Director)	$193,333	$0
Theodore H Brousseau (Secretary/Director)	$193,333	$0

990-PF

Filed on Oct. 12, 2020

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2019

Revenue

$10,539,243

Expenses

$14,339,268

Net Income

-$3,800,025

Net Assets

$79,321,300

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,475,000	14.0%
Interest Revenue	$390,187	3.7%
Dividends	$4,229,011	40.1%
Sales of Assets	$4,442,354	42.2%
Other Income	$2,691	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,901,824	96.9%
Compensation of Officers*	$578,750	4.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$79,321,300
Total Liabilities	$0
Net Assets	$79,321,300

Compensation

Key Employees and Officers	Compensation	Other
Charles J Ahearn (President/Director)	$348,750	$0
Jeffery J Tempas (Treasurer/Director)	$115,000	$0
Theodore H Brousseau (Secretary/Director)	$115,000	$0

990-PF

Filed on Nov. 15, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$17,516,715

Expenses

$3,361,498

Net Income

$14,155,217

Net Assets

$83,247,781

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,542,584	71.6%
Interest Revenue	$249,667	1.4%
Dividends	$3,508,178	20.0%
Sales of Assets	$1,215,299	6.9%
Other Income	$987	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,059,577	91.0%
Compensation of Officers*	$335,000	10.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$83,247,781
Total Liabilities	$0
Net Assets	$83,247,781

Compensation

Key Employees and Officers	Compensation	Other
Charles J Ahearn (President/Director)	$225,000	$0
Jeffery J Tempas (Treasurer/Director)	$55,000	$0
Theodore H Brousseau (Secretary/Director)	$55,000	$0

990-PF

Filed on May 14, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2017

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

990-PF

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

PDF

Fiscal Year Ending June
2016

Revenue

$3,687,549

Expenses

$3,622,440

Net Income

$65,109

Net Assets

$11,504,662

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,966,560	80.4%
Interest Revenue	$1,982	0.1%
Dividends	$639,458	17.3%
Sales of Assets	$62,873	1.7%
Other Income	$16,676	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,600,000	99.4%
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	$11,505,510
Total Liabilities	$848
Net Assets	$11,504,662

990-PF

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

PDF

Fiscal Year Ending June
2015

Revenue

$3,511,052

Expenses

$4,432,213

Net Income

-$921,161

Net Assets

$11,439,553

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,921,979	83.2%
Interest Revenue	$244	0.0%
Dividends	$532,290	15.2%
Sales of Assets	$55,238	1.6%
Other Income	$1,301	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,410,000	99.5%
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	$11,439,553
Total Liabilities	$0
Net Assets	$11,439,553

990-PF

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

PDF

Fiscal Year Ending June
2014

Revenue

$3,597,405

Expenses

$1,754,689

Net Income

$1,842,716

Net Assets

$12,360,714

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,090,032	85.9%
Interest Revenue	$185	0.0%
Dividends	$507,188	14.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,693,000	96.5%
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	$12,360,714
Total Liabilities	$0
Net Assets	$12,360,714

990-PF

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

PDF

Fiscal Year Ending June
2013

Revenue

$546,192

Expenses

$417,884

Net Income

$128,308

Net Assets

$10,517,998

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$132,628	24.3%
Interest Revenue	$527	0.1%
Dividends	$428,550	78.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$395,803	94.7%
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	$10,517,998
Total Liabilities	$0
Net Assets	$10,517,998

990-PF

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

PDF

Fiscal Year Ending June
2012

Revenue

$801,399

Expenses

$184,302

Net Income

$617,097

Net Assets

$10,389,690

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,570	0.4%
Interest Revenue	$1,285	0.2%
Dividends	$406,399	50.7%
Sales of Assets	$390,145	48.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$165,000	89.5%
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	$10,389,690
Total Liabilities	$0
Net Assets	$10,389,690

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

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Updated January 26, 2026

Ray Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $18.7M (2024)

Expenses $20.2M (2024)

Total Assets $71.2M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending July 2020

No Extracted Financial Data

Document Links

990-T

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$18.7M (2024)

Expenses

$20.2M (2024)

Total Assets

$71.2M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending July
2020

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001