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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 46-4128819

MODERN FUND

Tax-exempt · SOMERSET, KY 42502

Financials

$68K$28K2023$60K$34K2024$50K$102K2025
Revenue Expenses · by fiscal year end
Financials of MODERN FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$50,083$101,983-$51,900$59,086–$59,086
December 31, 2024990-EZ$59,930$33,912$26,018$110,986–$110,986
December 31, 2023990-EZ$68,230$28,083$40,147$84,968–$84,968
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$50,083

Expenses

Compensation of officers, directors and key employees
$0
Other expenses
$101,983
Program services (functional)
$101,983

Balance sheet and other

Total assets, start of year
$110,986
Total assets, end of year
$59,086
Total liabilities, end of year
–
Net assets, end of year
$59,086
Cash, savings and investments
$59,086
Gross receipts
$50,083

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
WILLIAM M RAYCHAIRMAN5$0
ROBERT M RAYDIRECTOR5$0
BARRETT HARRISDIRECTOR2$0
EDWIN PHELPSDIRECTOR2$0
990-EZ for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
WILLIAM M RAYCHAIRMAN5$0
ROBERT M RAYDIRECTOR5$0
BARRETT HARRISDIRECTOR2$0
EDWIN PHELPSDIRECTOR2$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
WILLIAM M RAYCHAIRMAN5$0
ROBERT M RAYDIRECTOR2$0
BARRETT HARRISDIRECTOR2$0
EDWIN PHELPSDIRECTOR2$0

Address and contacts

Address (IRS master file)
PO BOX 97, SOMERSET, KY 42502-0097
In care of
% MICHAEL RAY
Mailing address (990-N for 2020)
PO Box 97, Somerset KY 42502
Principal officer (990-N for 2020)
Michael Ray, PO Box 97, Somerset KY 42502
Signed the 990-EZ
WILLIAM M RAY, CHAIRMAN
Phone
(606) 679-1178
Return prepared by
EVANS HARVILLE ATWELL & CO CPAS PLLC

Mission

FINANCIAL SUPPORT FOR NEEDY INDIVIDUALS AND ORGANIZATIONS IN THE TEAM MODERN SERVICE AREA

990-EZ for the year ended December 31, 2025

Program accomplishments

  • DIRECT SUPPORT OF MANY NEEDY INDIVIDUALS IN THE TEAM MODERN SERVICE AREA.
    Expenses $101,983

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2026 990-EZ for MODERN FUND

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
46-4128819
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P99)
Assets (IRS master file)
$59,086
Income (IRS master file)
$50,083

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$50,083$101,983$59,086XML
990-EZDecember 2024$59,930$33,912$110,986XML
990-EZDecember 2023$68,230$28,083$84,968XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: Michael Ray
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: William Michael Ray
December 31, 2019≤ $50,000 receipts––e-Postcard
990-N for 2018
Officer: Michael Ray
December 31, 2018≤ $50,000 receipts––e-Postcard

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 46-4128819).

Questions about MODERN FUND

What is the EIN of MODERN FUND?
The employer identification number (EIN) of MODERN FUND is 46-4128819.
Is MODERN FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to MODERN FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MODERN FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MODERN FUND due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MODERN FUND last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who is the principal officer of MODERN FUND?
The 990-N for 2020 names Michael Ray.
Who are the officers and directors of MODERN FUND?
The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does MODERN FUND have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $50,083, expenses of $101,983 and total assets of $59,086 at year end.

Other nonprofits in SOMERSET

All nonprofits in SOMERSET · Kentucky · Human services