Raymond & Esther Madray Familyfoundation
- Assets
- $1.1m
- Revenue
- $186.8k
- Investments
- $36.6k
- Employees
- 0
- Location
- Largo, FL
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 20-3825980
Organization Overview
Raymond & Esther Madray Familyfoundation is located in Largo, FL. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raymond & Esther Madray Familyfoundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Raymond & Esther Madray Familyfoundation generated $186.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $192.2k during the year ending 12/2023. While expenses have increased by 29.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING FOR ORGANIZATIONS THAT PROMOTE CHRISTIAN MINISTRIES.
PROVIDED EDUCATIONAL MATERIALS, STATIONARY, BOOKS AND SUPPLIES TO UNDERPRIVILEDGED CHILDREN AND FAMILIES IN BOTH THE UNITED STATES AND GUYANA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Mardray President | 0 | $4,000 | |
Kerwin B Madray Director | 0 | $0 | |
Kenneth Madray Director | 0 | $0 | |
Esther Madray Director | 0 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $183,159 |
| Interest on Savings | $0 |
| Dividends & Interest | $90 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,540 |
| Total Revenue | $186,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $63,718 |
| Pension plans, employee benefits | $6,033 |
| Interest | $42,884 |
| Taxes | $501 |
| Depreciation | $22,324 |
| Occupancy | $15,123 |
| Travel, conferences, and meetings | $2,881 |
| Printing and publications | $0 |
| Other expenses | $22,308 |
| Total operating and administrative expenses | $190,422 |
| Contributions, gifts, grants paid | $1,733 |
| Total expenses and disbursements | $192,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,112 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,028,046 |
| Other assets | $0 |
| Total assets | $1,083,717 |
| Accounts payable and accrued expenses | $1 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $846,654 |
| Other liabilities | $0 |
| Total liabilities | $846,655 |
Grants Awarded
Over the last fiscal year, Raymond & Esther Madray Familyfoundation has awarded $1,733 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH CONNECTION VIDALIA PURPOSE: BENEVOLENCE | $50 |
DISCOVERING THE JEWISH JESUS PURPOSE: BENEVOLENCE | $100 |
INDIAN ROCKS PURPOSE: BENEVOLENCE | $100 |
IFCJ PURPOSE: BENEVOLENCE | $150 |
JOEL OSTEEN MIN PURPOSE: BENEVOLENCE | $275 |
LARRY HUCH MIN PURPOSE: BENEVOLENCE | $100 |