Nonprofit · EIN 16-6290405
RAY LOOP TRUST UW 501-1339
Also known as COMMUNITY BANK NA
Tax-exempt · OLEAN, NY 14760
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $32,572 | $33,002 | -$430 | $397,912 | $0 | $397,912 |
| December 31, 2023 | 990-PF | $24,355 | $16,219 | $8,136 | $398,128 | $0 | $398,128 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $18,519
- Net gain from sales of assets
- $14,053
Expenses
- Grants and similar amounts paid
- $24,957
- Compensation of officers, directors and key employees
- $6,453
- Disbursements for charitable purposes
- $28,884
- Excise tax on investment income
- $401
Balance sheet and other
- Total assets, start of year
- $398,128
- Total assets, end of year
- $397,912
- Total liabilities, end of year
- $0
- Net assets, end of year
- $397,912
- Fair market value of assets
- $499,925
- Qualifying distributions
- $28,884
- Net investment income
- $32,572
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COMMUNITY BANK NA 201 NORTH UNION ST, OLEAN, NY 14760 | TRUSTEE | 1 | $6,453 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COMMUNITY BANK NA 201 NORTH UNION ST, OLEAN, NY 14760 | TRUSTEE | 1 | $6,043 |
Address and contacts
- Address (IRS master file)
- 201 NORTH UNION ST, OLEAN, NY 14760-2738
- Signed the 990-PF
- DAVID LAFOREST, VICE PRESIDENT
- Phone
- (802) 362-5674
- Return prepared by
- FIDUCIARY TAX SERVICES LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 16-6290405
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $397,912
- Income (IRS master file)
- $114,569
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $32,572 | $33,002 | $397,912 | XML |
| 990-PF | December 2023 | $24,355 | $16,219 | $398,128 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-6290405).
Questions about RAY LOOP TRUST UW 501-1339
- What is the EIN of RAY LOOP TRUST UW 501-1339?
- The employer identification number (EIN) of RAY LOOP TRUST UW 501-1339 is 16-6290405.
- Is RAY LOOP TRUST UW 501-1339 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to RAY LOOP TRUST UW 501-1339 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RAY LOOP TRUST UW 501-1339 file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RAY LOOP TRUST UW 501-1339 due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAY LOOP TRUST UW 501-1339 last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of RAY LOOP TRUST UW 501-1339?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $6,453 (COMMUNITY BANK NA, TRUSTEE).
- How much revenue does RAY LOOP TRUST UW 501-1339 have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $32,572, expenses of $33,002 and total assets of $397,912 at year end.
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