Ray Bolt Foundation Inc
- Assets
- $146.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 11/2008
- Data as of
- 12/2023
- EIN
- 20-2168245
Organization Overview
Ray Bolt Foundation Inc is located in Orlando, FL. The organization was established in 2008. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ray Bolt Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ray Bolt Foundation Inc generated $34.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $15.9k during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
RAY BOLT FOUNDATION, INC. HOLDS AN ANNUAL CHARITY GOLF TOURNAMENT IN REMEMBRANCE OF RAY BOLT, A CERTIFIED PUBLIC ACCOUNTANT AND FORMER SHAREHOLDER OF MSL P.A., WHO DIED OF CANCER IN 2001. THE EVENT IS ORGANIZED BY EMPLOYEES OF MSL, P.A. WHO CONTRIBUTE THEIR TIME AT NO COST TO RAY BOLT FOUNDATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scot Aurelius Director | 1 | $0 | |
Douglas Palmer Director | 1 | $0 | |
Preston Bolt Director | 1 | $0 | |
Ed Parker Director | 1 | $0 | |
Rob Matschner Director | 1 | $0 | |
Salvatore Furnari Chief Financial Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,010 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $33,903 |
| Other Revenue | $0 |
| Total Revenue | $34,913 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,926 |
| Total expenses | $15,926 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $146,228 |
| Other assets | $0 |
| Total assets | $146,228 |
| Total liabilities | $2,090 |
| Net assets or fund balances | $144,138 |