Nonprofit · EIN 81-0288819
RAY FOUNDATION INC
Tax-exempt · NAPLES, FL 34104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $9,577,031 | $13,852,059 | -$4,275,028 | $66,934,933 | $0 | $66,934,933 |
| June 30, 2024 | 990-PF | $18,684,076 | $20,151,373 | -$1,467,297 | $71,209,961 | $0 | $71,209,961 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,274
- Dividends
- $4,951,425
- Net gain from sales of assets
- $3,604,435
- Other income
- $1,016,897
Expenses
- Grants and similar amounts paid
- $11,356,545
- Compensation of officers, directors and key employees
- $1,292,500
- Disbursements for charitable purposes
- $12,680,029
- Excise tax on investment income
- $114,344
Balance sheet and other
- Total assets, start of year
- $71,209,961
- Total assets, end of year
- $66,934,933
- Total liabilities, end of year
- $0
- Net assets, end of year
- $66,934,933
- Fair market value of assets
- $263,139,163
- Qualifying distributions
- $12,680,029
- Net investment income
- $8,546,908
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES J AHEARN 100 AVIATION DRIVE S 203, NAPLES, FL 34104 | PRESIDENT/DIRECTOR | 40 | $600,000 |
| JEFFERY J TEMPAS 100 AVIATION DRIVE S 203, NAPLES, FL 34104 | TREASURER/DIRECTOR | 40 | $396,667 |
| PATRICIA J ARTHUR 100 AVIATION DRIVE S 203, NAPLES, FL 34104 | SECRETARY/DIRECTOR | 40 | $295,833 |
990-PF for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES J AHEARN 100 AVIATION DRIVE S 203, NAPLES, FL 34104 | PRESIDENT/DIRECTOR | 40 | $600,000 |
| JEFFREY J TEMPAS 100 AVIATION DRIVE S 203, NAPLES, FL 34104 | TREASURER/DIRECTOR | 24 | $360,000 |
| PATRICIA J ARTHUR 100 AVIATION DRIVE S 203, NAPLES, FL 34104 | SECRETARY/DIRECTOR | 24 | $250,000 |
Address and contacts
- Address (IRS master file)
- 100 AVIATION DR S STE 203, NAPLES, FL 34104-3583
- In care of
- % CHARLES AHEARN PRESIDENT
- Signed the 990-PF
- CHARLES J AHEARN, PRESIDENT
- Phone
- (239) 649-5733
- Return prepared by
- CLIFTONLARSONALLEN LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-0288819
- 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
- 1963
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $66,934,933
- Income (IRS master file)
- $15,629,508
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | – | – | – | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990-PF | June 2024 | – | – | – | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | IRS |
| 990-PF | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about RAY FOUNDATION INC
- What is the EIN of RAY FOUNDATION INC?
- The employer identification number (EIN) of RAY FOUNDATION INC is 81-0288819.
- Is RAY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to RAY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RAY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RAY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of RAY FOUNDATION INC?
- The 990-PF for the year ended June 30, 2025 lists 3 people; 3 received compensation from the organization, the highest $600,000 (CHARLES J AHEARN, PRESIDENT/DIRECTOR).
- How much revenue does RAY FOUNDATION INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $9,577,031, expenses of $13,852,059 and total assets of $66,934,933 at year end.
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