Ray Foundation Inc
- Assets
- $0.0
- Revenue
- $10.3m
- Investments
- $69.1m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 11/1963
- Data as of
- 06/2021
- EIN
- 81-0288819
Organization Overview
Ray Foundation Inc is located in Naples, FL. The organization was established in 1963. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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 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 06/2021, Ray Foundation Inc generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $12.4m during the year ending 06/2021. While expenses have increased by 15.9% per year over the past 7 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.
Since 2018, Ray Foundation Inc has awarded 135 individual grants totaling $47,617,941. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore H Brousseau Director Emeritus | 2 | $729,166 | |
Charles J Ahearn President/director | 40 | $500,000 | |
Jeffery J Tempas Treasurer/director | 24 | $250,000 | |
Patricia J Arthur Secretary/director | 24 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| Interest on Savings | $217,450 |
| Dividends & Interest | $3,723,365 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,256 |
| Total Revenue | $10,261,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,010,417 |
| Pension plans, employee benefits | $0 |
| Depreciation | $232,261 |
| Occupancy | $59,342 |
| Travel, conferences, and meetings | -$4,831 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,489,251 |
| Contributions, gifts, grants paid | $10,948,833 |
| Total expenses and disbursements | $12,438,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,335 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,447,587 |
| Other assets | $70,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ray Foundation Inc has awarded $9,150,800 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AOPA AIR SAFETY FOUNDATION PURPOSE: SUPPORT FOR 'YOU CAN FLY' PROGRAM | $2,500,000 |
Oshkosh, WI PURPOSE: RESTRICTED GRANT - SCHOLARSHIP SUPPORT | $1,910,000 |
AOPA AIR SAFETY FOUNDATION PURPOSE: FLIGHT SCHOLARSHIPS | $1,150,000 |
Naples, FL PURPOSE: MATCHING GRANT PATHWAYS PROGRAMS SUPPORT | $1,000,000 |
Dallas, TX PURPOSE: EDUCATION CENTER OPERATING BUDGET SUPPORT | $500,000 |
Grand Forks, ND PURPOSE: VETERANS SCHOLARSHIP PROGRAM SUPPORT | $330,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
Peter@degeorge Family Foundation Inc Palm Beach Gardens, FL | $1,828,456 | $678,712 |
The Batchelor Foundation Inc Miami Beach, FL | $358,630,434 | $9,326,509 |
Lettie Pate Evans Foundation Inc Atlanta, GA | $69,308,402 | $17,897,458 |
Cornelia T Bailey Charitable Trust West Palm Beach, FL | $355,586,591 | $19,852,168 |
James M Cox Foundation Of Ga Inc Atlanta, GA | $0 | $81,966,247 |
Georgia Power Foundation Inc In Receivership Atlanta, GA | $222,309,509 | $29,809,906 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |