Ray Family Foundation Inc
- Assets
- $270.0k
- Revenue
- $16.5k
- Investments
- $267.7k
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 26-0149529
Organization Overview
Ray Family Foundation Inc is located in Louisville, KY. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ray Family Foundation Inc 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, Ray Family Foundation Inc generated $16.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $22.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ray Family Foundation Inc has awarded 45 individual grants totaling $138,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mackenzie A Hundley President | 1 | $0 | |
Stacey P Ray Director | 1 | $0 | |
Kyle A Ray Director | 0.5 | $0 | |
Samantha M Kelsey Director | 0.5 | $0 | |
Bradford T Ray Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $218 |
| Dividends & Interest | $8,775 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,548 |
| Capital Gain Net Income | $7,548 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,541 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $93 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,035 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $22,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,382 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $270,044 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ray Family Foundation Inc has awarded $18,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TKO PARKINSONS PURPOSE: TO SUPPORT THE THE MISSION OF THE ORGANIZATION | $4,000 |
HOPE HEALS PURPOSE: TO SUPPORT THE THE MISSION OF THE ORGANIZATION | $3,000 |
KIDS CANCER ALLIANCE PURPOSE: TO SUPPORT THE THE MISSION OF THE ORGANIZATION | $5,000 |
LRPFD PURPOSE: TO SUPPORT THE THE MISSION OF THE ORGANIZATION | $4,000 |
SANTAS LITTLE HELPERS PURPOSE: TO SUPPORT THE THE MISSION OF THE ORGANIZATION | $2,000 |