Joan C Ray Charitable Foundation
- Assets
- $713.9k
- Revenue
- $32.5k
- Investments
- $732.1k
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 06/2013
- Data as of
- 12/2023
- EIN
- 45-1807907
Organization Overview
Joan C Ray Charitable Foundation is located in Phoenix, AZ. The organization was established in 2013. 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. Joan C Ray Charitable Foundation 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, Joan C Ray Charitable Foundation generated $32.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $47.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Joan C Ray Charitable Foundation has awarded 66 individual grants totaling $403,100. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLANNED ACTIVITIES OF THE FOUNDATION INCLUDE MODEST FUNDRAISING BY MEANS OF MAIL AND EMAIL SOLICITATIONS TO FAMILY AND FRIENDS OF JOAN C RAY AND ANNUAL DISTRIBUTIONS FROM THE FOUNDATION TO OTHER 501(C)(3) ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Solliday Treasurer And Director | 0 | $0 | |
Tyrone C Ray President And Director | 0 | $0 | |
Donald L Meyers Vice President And Directo | 0 | $0 | |
Lisa A Karlowicz Secretary And Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,296 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,162 |
| Capital Gain Net Income | $7,162 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1 |
| Total Revenue | $32,459 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $384 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,174 |
| Contributions, gifts, grants paid | $38,600 |
| Total expenses and disbursements | $47,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$18,214 |
| 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 | $732,142 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $713,928 |
| 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, Joan C Ray Charitable Foundation has awarded $38,600 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FREE ARTS FOR ABUSED CHILDREN OF ARIZONA PURPOSE: CHARITABLE PURPOSE | $4,825 |
KINGDOM DISCIPLESHIP PURPOSE: CHARITABLE PURPOSES | $4,825 |
ARIZONA HELPING HANDS PURPOSE: CHARITABLE PURPOSE | $4,825 |
PHOENIX CHILDRENS HOSPITAL PURPOSE: CHARITABLE PURPOSES | $4,825 |
PHOENIX DOWNTOWN LIONS CLUB FOUNDATION PURPOSE: CHARITABLE PURPOSES | $4,825 |
JUVENILE DIABETES RESEARCH FOUNDATION PURPOSE: CHARITABLE PURPOSES | $4,825 |