Nonprofit · EIN 20-1209964
RAY FOUNDATION
Tax-exempt · TUSCALOOSA, AL 35402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $13,017 | $23,988 | -$10,971 | $260,398 | $0 | $260,398 |
| December 31, 2023 | 990-PF | $1,660 | $28,935 | -$27,275 | $260,119 | $0 | $260,119 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $4,918
- Interest
- $1,783
- Net gain from sales of assets
- $887
- Other income
- $5,429
Expenses
- Grants and similar amounts paid
- $16,500
- Disbursements for charitable purposes
- $16,500
- Excise tax on investment income
- $170
Balance sheet and other
- Total assets, start of year
- $260,119
- Total assets, end of year
- $260,398
- Total liabilities, end of year
- $0
- Net assets, end of year
- $260,398
- Fair market value of assets
- $260,398
- Qualifying distributions
- $16,500
- Net investment income
- $12,244
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 |
|---|---|---|---|
| PHYLLIS GAMBLE 2301 UNIVERSITY BLVD, TUSCALOOSA, AL 35401 | PRESIDENT | 0 | $0 |
| LAURA GREGORY 3600 WATERMELON ROAD SUITE 203, TUSCALOOSA, AL 35401 | SECRETARY/TR | 0 | $0 |
| CAROL JOHNSON 1919 7TH ST SUITE B, TUSCALOOSA, AL 35401 | VICE PRESIDE | 0 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTIN RAY PO BOX 20065, TUSCALOOSA, AL 35402 | PRESIDENT | 0 | $0 |
| ALLISON RAY TATUM 909 COLUMBIA AVE, NORTH BERGEN, NJ 07047 | SECRETARY | 0 | $0 |
| BORDEN M RAY JR 1017 WELLESLEY GREEN, TUSCALOOSA, AL 35406 | TREASURER | 0 | $0 |
| PHYLLIS GAMBLE 2301 UNIVERSITY BLVD, TUSCALOOSA, AL 35401 | DIRECTOR | 0 | $0 |
| LAURA GREGORY 3600 WATERMELON ROAD SUITE 203, TUSCALOOSA, AL 35401 | DIRECTOR | 0 | $0 |
| CAROL JOHNSON 1919 7TH ST SUITE B, TUSCALOOSA, AL 35401 | DIRECTOR | 0 | $0 |
| DEBBIE CROWNOVER 200 MARINA DRIVE, TUSCALOOSA, AL 35401 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 20065, TUSCALOOSA, AL 35402-0065
- In care of
- % MARTIN RAY
- Signed the 990-PF
- PHYLLIS GAMBLE, PRESIDENT
- Phone
- (205) 561-6054
- Return prepared by
- LAWRENCE HITT & PUGH 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
- 20-1209964
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $260,398
- Income (IRS master file)
- $26,530
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $13,017 | $23,988 | $260,398 | XML |
| 990-PF | December 2023 | $1,660 | $28,935 | $260,119 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
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 20-1209964).
Questions about RAY FOUNDATION
- What is the EIN of RAY FOUNDATION?
- The employer identification number (EIN) of RAY FOUNDATION is 20-1209964.
- Is RAY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to RAY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RAY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RAY FOUNDATION 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 FOUNDATION 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 FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does RAY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $13,017, expenses of $23,988 and total assets of $260,398 at year end.
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All nonprofits in TUSCALOOSA · Alabama · Philanthropy, voluntarism and grantmaking foundations