Nonprofit · EIN 88-0906192
RAY COROLLARY INITIATIVE
Tax-exempt · RALEIGH, NC 27613
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $394,240 | $182,027 | $212,213 | $239,000 | $3,645 | $235,355 |
| December 31, 2024 | 990-EZ | $127,350 | $107,207 | $20,143 | $23,143 | – | $23,143 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $391,252
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $2,988
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $134,615
- Salaries, compensation and benefits (total)
- $145,048
- Professional fundraising fees
- $0
- Accounting fees
- $4,254
- Travel
- $9,183
- Program services (functional)
- $102,318
- Management and general (functional)
- $52,761
- Fundraising (functional)
- $26,948
Balance sheet and other
- Total assets, start of year
- $23,143
- Total assets, end of year
- $239,000
- Total liabilities, end of year
- $3,645
- Net assets, end of year
- $235,355
- Net assets without donor restrictions
- $21,860
- Net assets with donor restrictions
- $213,495
- Gross receipts
- $394,240
- Employees
- 1
- Volunteers
- 4
- Year formed
- 2021
- State of legal domicile
- MD
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Christopher Heagarty | CEO Key employee | 40 | $134,615 |
| Homer C La Rue | Chair Trustee or director | 15 | $0 |
| Haydee Rosario | Vice Chair Trustee or director | 2 | $0 |
| David Allen Larson | Secretary Trustee or director | 2 | $0 |
| Alan Symonette | Treasurer Trustee or director | 2 | $0 |
| Sasha Carbone | Executive Committee Trustee or director | 2 | $0 |
| Sarah Espinosa | Director Trustee or director | 1 | $0 |
| Michael Gan | Director Trustee or director | 1 | $0 |
| Christopher Kowk | Director Trustee or director | 1 | $0 |
| Rebekah Ratliff | Director Trustee or director | 1 | $0 |
| Joanne Saint Louis | Director Trustee or director | 1 | $0 |
| Ellen Waldman | Director Trustee or director | 1 | $0 |
| Keisha Williams | Director Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sasha Carbone | Executive Co Member | 1.5 | $0 |
| Sarah Espinosa | Board Member | 1 | $0 |
| Michael Gan | Board Member | 1.5 | $0 |
| Andrea Gansen | Secretary | 2.5 | $0 |
| Christopher Kwok | Board Member | 1.5 | $0 |
| David Larson | Board Member | 2 | $0 |
| Rebekah Ratliff | Board Member | 1.5 | $0 |
| Homer La Rue | Chair | 7.5 | $0 |
| Haydee Rosario | Vice-chair | 1.5 | $0 |
| Katherine Simpson | Vice-Chair | 2.5 | $0 |
| Joanne St Louis | Board Member | 2 | $0 |
| Alan Symonette | Treasurer | 2 | $0 |
| Ellen Waldman | Board Member | 1.5 | $0 |
| Allen Waxman | Board Member | 1 | $0 |
| Keisha Williams | Board Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7729 SANDY BOTTOM WAY, RALEIGH, NC 27613-8829
- In care of
- % CHRIS HEAGARTY
- Principal officer (990 for 2025)
- Chris Heagarty, 5305 VILLAGE CENTER DR, STE 296, COLUMBIA, MD 21044
- Signed the 990
- Alan Symonette, Treasurer
- Phone
- (910) 601-5285
- 990-N for 2023 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Chris Heagarty, 5305 VILLAGE CENTER DR STE 339, COLUMBIA MD 21044. Mailing address: 5305 VILLAGE CENTER DR STE 339, COLUMBIA MD 21044.
- Return prepared by
- Telos CPAs
Mission
The mission of the Ray Corollary Initiative Inc. RCI is to encourage ADR providers and selectors to increase the utilization of neutrals with wide-ranging work and life experiences while maintaining the parties autonomy to make the selection decision.
Program accomplishments
- Created published and presented materials designed to raise awareness about potential reforms in the field of alternative dispute resolution and hosted networking events to connect arbitrators advocates and selectors of ADR services.Expenses $102,318 · revenue $391,252
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 88-0906192
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I50)
- Assets (IRS master file)
- $239,000
- Income (IRS master file)
- $394,240
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $394,240 | $182,027 | $239,000 | XML |
| 990-EZ | December 2024 | $127,350 | $107,207 | $23,143 | XML |
| 990-N for 2023 Officer: Chris Heagarty Filed under this EIN, most likely by a chapter or affiliate | December 31, 2023 | ≤ $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 88-0906192).
Questions about RAY COROLLARY INITIATIVE
- What is the EIN of RAY COROLLARY INITIATIVE?
- The employer identification number (EIN) of RAY COROLLARY INITIATIVE is 88-0906192.
- Is RAY COROLLARY INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to RAY COROLLARY INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAY COROLLARY INITIATIVE 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 RAY COROLLARY INITIATIVE 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 RAY COROLLARY INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RAY COROLLARY INITIATIVE?
- The 990 for the year ended December 31, 2025 names Chris Heagarty.
- Who are the officers and directors of RAY COROLLARY INITIATIVE?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $134,615 (John Christopher Heagarty, CEO).
- How much revenue does RAY COROLLARY INITIATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $394,240, expenses of $182,027 and total assets of $239,000 at year end.
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