Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE RAY CHARLES FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2107 WEST WASHINGTON BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90018
A Employer identification number

95-4047622
B Telephone number (see instructions)

(323) 737-8000
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$44,406,834J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 496,550 496,550  
4 Dividends and interest from securities...      
5a Gross rents............ 749,258 749,258  
b Net rental income or (loss) 201,861
6a Net gain or (loss) from sale of assets not on line 10 40,365
b Gross sales price for all assets on line 6a 1,912,496
7 Capital gain net income (from Part IV, line 2)... 40,365
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,641,688 1,641,688  
12 Total. Add lines 1 through 11........ 2,927,861 2,927,861  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 432,562 216,281   216,281
14 Other employee salaries and wages...... 466,962 233,481   233,481
15 Pension plans, employee benefits....... 21,737 10,869   10,868
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
232,267 116,134   116,133
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
93,500 46,750   46,750
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
78,385 39,193   39,192
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
103,278 51,639   51,639
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
347,884 347,884  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 26,349 13,175   13,174
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
979,679 519,342   460,337
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,782,603 1,594,748   1,187,855
25 Contributions, gifts, grants paid....... 3,025,000 3,025,000
26 Total expenses and disbursements. Add lines 24 and 25 5,807,603 1,594,748   4,212,855
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,879,742
b Net investment income (if negative, enter -0-) 1,333,113
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 675,182 974,670 974,670
2 Savings and temporary cash investments......... 21,787,392 10,032,879 10,032,879
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 84,303 94,400 94,400
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,900,274 Click to see attachment
List of Attached Documents:
// Content
530,064 		530,064
c Investments—corporate bonds (attach schedule)....... 2,197,280    
11 Investments—land, buildings, and equipment: basis right arrow8,030,340
Less: accumulated depreciation (attach schedule) right arrow1,790,289 5,925,105 Click to see attachment
List of Attached Documents:
// Content
6,240,051 		10,374,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,276,184 Click to see attachment
List of Attached Documents:
// Content
14,424,788 		14,424,788
14 Land, buildings, and equipment: basis right arrow5,805,297
Less: accumulated depreciation (attach schedule) right arrow3,559,480 2,164,681 Click to see attachment
List of Attached Documents:
// Content
2,245,817 		3,700,000
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,944,100 		Click to see attachment
List of Attached Documents:
// Content
4,276,033 		Click to see attachment
List of Attached Documents:
// Content
4,276,033
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 40,954,501 38,818,702 44,406,834
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
100,010 		Click to see attachment
List of Attached Documents:
// Content
94,926
23 Total liabilities (add lines 17 through 22)......... 100,010 94,926
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 40,854,491 38,723,776
29 Total net assets or fund balances (see instructions)..... 40,854,491 38,723,776
30 Total liabilities and net assets/fund balances (see instructions). 40,954,501 38,818,702
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
40,854,491
2
Enter amount from Part I, line 27a .....................
2
-2,879,742
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
749,027
4
Add lines 1, 2, and 3 ..........................
4
38,723,776
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
38,723,776
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a VARIOUS SALE OF SECURITIES P 2023-01-01 2023-12-31
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,912,496   1,872,131 40,365
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       40,365
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 40,365
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 18,530
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 18,530
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 18,530
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 14,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 804
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 5,334
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.theraycharlesfoundation.org
14
The books are in care ofright arrowVALERIE ERVIN PRESIDENT Telephone no.right arrow (323) 737-8000

Located atright arrow2107 W WASHINGTON BLVDLOS ANGELESCA ZIP+4right arrow90018
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
VAERIE ERVIN President
40.00 		422,662 9,900  
2107 W WASHINGTON BLVD
LOS ANGELES,CA90018
MARK WHITLOCK Chairman
1.00 		0    
2107 W WASHINGTON BLVD
LOS ANGELES,CA90018
C DANIELS Director
1.00 		0    
2107 W WASHINGTON BLVD
LOS ANGELES,CA90018
D BROKAW Director
1.00 		0    
2107 W WASHINGTON BLVD
LOS ANGELES,CA90018
YAKUB COLEMAN Director
0.00 		0    
2107 W WASHINGTON BLVD
LOS ANGELES,CA90018
W COLEMAN Director
1.00 		0    
2107 W WASHINGTON BLVD
LOS ANGELES,CA90018
K L JOHNSON Secretary
1.00 		0    
2107 W WASHINGTON BLVD
LOS ANGELES,CA90018
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
J SUN CONTROLLER
40.00 		156,345 4,690  
2107 WEST WASHINGTON BLVD
LOS ANGELES,CA90018
D THIEL PROPERTY MGR
40.00 		93,784 2,814  
2107 WEST WASHINGTON BLVD
LOS ANGELES,CA90018
T DENSON EXEC ASSISTANT
40.00 		75,007 1,313  
2107 WEST WASHINGTON BLVD
LOS ANGELES,CA90018
S JEONG FACILITY MGR
40.00 		71,877 2,156  
2107 WEST WASHINGTON BLVD
LOS ANGELES,CA90018
K JACKSON RECEPTIONIST
40.00 		57,345 1,720  
2107 WEST WASHINGTON BLVD
LOS ANGELES,CA90018
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
HOME REMODELING INC CONTRACTOR 414,127
5522 N ASPEN
AZUSA,CA91702
BLACK & WHITE TV INC PRODUCTION COMPANY 225,750
8756 DORRINGTON AVE
LOS ANGELES,CA90048
HUTCHINSON & BLOODGOODLLP ACCOUNTING 111,000
PO BOX 518
EL CENTRO,CA92244
SUMMIT MASTER ELECTRICIAN ELECTRICIAN 94,040
13778 HAWTHORNE BLVD
HAWTHORNE,CA90250
MITCHELL SILBERBERG & KNUPP LLP LEGAL 339,083
2049 CENTURY PARK EAST 18TH FL
LOS ANGELES,CA90067
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
10,664,295
b
Average of monthly cash balances.......................
1b
16,397,471
c
Fair market value of all other assets (see instructions)................
1c
15,964,000
d
Total (add lines 1a, b, and c).........................
1d
43,025,766
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
43,025,766
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
645,386
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
42,380,380
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,119,019
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,119,019
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
18,530
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
18,530
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,100,489
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,100,489
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,100,489
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
4,212,855
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,212,855
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,100,489
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019...... 305,177
c From 2020...... 794,949
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 1,100,126
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,212,855
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 2,100,489
e Remaining amount distributed out of corpus 2,112,366
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,212,492
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		3,212,492
10 Analysis of line 9:
a Excess from 2019.... 305,177
b Excess from 2020.... 794,949
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 2,112,366
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GRANT DEPARTMENT
2107 West Washington Boulevard
LOS ANGELES,CA90018
(323) 737-8000
info@theraycharlesfoundation.org
bThe form in which applications should be submitted and information and materials they should include:
The Ray Charles Foundation requests that the applicant print and follow the Grant Check List. Upon completing the instructions, mail the GRANT APPLICATION PACKAGE (Cover Letter, completed and signed Online Grant Application, Letter of Inquiry, Proof of IRS federal tax-exempt status, Annual Report [if available], and signed Grant Check List TO THE FOLLOWING ADDRESS:GRANT DEPARTMENTThe Ray Charles Foundation2107 West Washington BoulevardLos Angeles, CA 90018
cAny submission deadlines:
NO SUBMISSION DEADLINES - APPLICATIONS REVIEWED ALL YEAR
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Obligations and Responsibilities of Grant Recipients 1) Since an award is made only for the purposes set forth in the Grantees submitted proposal and the Grantees grant application, any modifications to the project, as originally proposed, may be made only with prior written approval by The Ray Charles Foundation.2) The Grantee may not grant any portion of the award to a secondary Grantee without prior written permission of The Ray Charles Foundation.3) The Grant must be spent in full within the time set forth in the Grant proposal and if no such time is set forth, then within twelve (12) months following the Grant. In the event that the Grant is expressly made for multiple years, any funds not used in the current year may be applied to the purposes of the Grant in following years but only for the years covered by the Grant proposal.4) The Grantee must maintain complete records of receipts and expenditures sufficient to identify grant funds and expenditures made in the furtherance of t
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
GRAMMY MUSEUM FOUNDATION


800 W OLYMPIC BLVD
LOS ANGELES,CA90015 		NONE NOT A FDN EDUCATION 1,000,000
ART CENTER COLLEGE OF DESIGN


1700 LIDA ST
PASADENA,CA91103 		NONE NOT A FDN EDUCATION 20,000
CEDARS-SINAI MEDICAL CENTER


8700 BEVERLY BLVD SUITE 2416
LOS ANGELES,CA90048 		NONE NOT A FDN CHARITABLE PURPOSES 1,000,000
HAMPTON UNIVERSITY


100 E QUEEN ST
HAMPTON,VA23669 		NONE NOT A FDN EDUCATIONAL PURPOSES 5,000
SOUTHERN POVERTY LAW CENTER


400 WASHINGTON AVE
MONTGOMERY,AL36104 		NONE NOT A FDN CHARITABLE PURPOSES 5,000
JACKIE ROBINSON FOUNDATION INC


75 VARICK STREET 2ND FLOOR
NEW YORK,NY10013 		NONE NOT A FDN CHARITABLE PURPOSES 25,000
YES2JOBS


4859 WEST SLAUSON AVE 677
LOS ANGELES,CA90056 		NONE NOT FDN CHARITABLE PURPOSES 525,000
BOULE FOUNDATION


1612 OVERLOOK CREEK
SAN ANTONIO,TX78620 		NONE NOT A FDN CHARITABLE PURPOSES 20,000
REID TEMPLE AME CHURCH


11400 GLENN DALE BLVD
GLENN DALE,MD20769 		NONE NOT A FDN CHARITABLE PURPOSES 25,000
NEW VILLAGE ARTS INC


2787 STATE STREET
CARLSBAD,CA92008 		NONE NOT A FDN CHARITABLE PURPOSES 250,000
COMMUNITY PARTNERS


1000 N ALAMEDA STREET 240
LOS ANGELES,CA90012 		NONE NOT A FDN CHARITABLE PURPOSES 150,000
Total .................................right arrow 3a 3,025,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 496,550  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 201,861  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		        40,365
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aALBUM INCOME 		    15 29,702  
bFED/CA TAX REFUNDS     1    
cLEGAL SETTLEMENT     1    
dLICENSING/MERCHANDISE     15 1,007  
eMASTER LICENSE REVENUE     15 145,093  
fMISCELLANEOUS INCOME     1 3,485  
gOIL & GAS LEASE     1 1,955  
hPUBLISHING INCOME     15 138,871  
iROYALTY RECEIPTS     15 1,321,575  
jSAG PENSION RECEIPTS     14    
12 Subtotal. Add columns (b), (d), and (e) ..   2,340,099 40,365
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,380,464
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID: 23017517
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 93,500 46,750 0 46,750

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 AmortizationSchedule
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
PRODUCTION COSTS - OPRY SALUTE 2019-02-01 589,975 231,075 10.0000 58,998     290,073

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
LINDEN 85 BLDG - DOD VAL 2004-06-10 636,600 347,147 SL 3.64 % 23,153 23,153    
LINDEN 91 BLDG - DOD VAL 2004-06-10 1,640,000 894,535 SL 3.64 % 59,647 59,647    
LINDEN 91 IMPROVEMENTS 2008-06-30 35,012 18,513 SL 3.64 % 1,273 1,273    
WASHINGTON BLDG - DOD VAL 2004-06-10 425,033 163,470 SL 2.56 % 10,898      
NEW ROOF-LINDEN 85 2011-12-01 27,390 20,238 SL 15.0000 1,826 1,826    
WASHINGTON BL-IMPROV 2011-07-01 245,569 188,267 SL 15.0000 16,371      
WASHINGTON BL-IMPROV 2012-03-05 32,544 23,508 SL 15.0000 2,170      
WASHINGTON BL-IMPROV 2013-07-23 25,510 16,018 SL 15.0000 1,701      
LINDEN 85 IMPROVEMENTS 2013-12-12 2,924 1,771 SL 15.0000 195 195    
LINDEN 91 IMPROVEMENTS 2013-12-17 33,043 19,827 SL 15.0000 2,203 2,203    
RAY CHARLES MUSEUM 2009-01-01 382,668 280,622 SL 15.0000 25,511      
WASHINGTON BL - IMPROV 2014-07-01 49,920 28,288 SL 15.0000 3,328      
LINDEN 91 IMPROVEMENTS 2014-07-01 23,202 13,149 SL 15.0000 1,547 1,547    
WASHINGTON BL - IMPROV 2015-07-23 35,462 17,533 SL 15.0000 2,364      
LINDEN 85 IMPROVEMENTS 2015-07-01 16,600 8,302 SL 15.0000 1,107 1,107    
LINDEN 91 IMPROVEMENTS 2015-07-01 82,637 41,318 SL 15.0000 5,509 5,509    
LINDEN 85 IMPROVEMENTS 2016-10-03 14,800 6,169 SL 15.0000 987 987    
LINDEN 91 IMPROVEMENTS 2016-07-01 88,831 38,493 SL 15.0000 5,922 5,922    
LINDEN 85 IMPROVEMENTS 2008-06-30 6,100 3,227 SL 3.64 % 222 222    
RAY CHARLES MUSEUM IMPROV 2017-12-14 510,130 172,879 SL 15.0000 34,009      
LINDEN 85 - ROOF 2017-06-22 24,000 8,800 SL 15.0000 1,600 1,600    
LINDEN 91 IMPROVEMENTS 2017-07-01 22,408 8,217 SL 15.0000 1,494 1,494    
WASHINGTON BL - IMPROV 2017-07-01 57,840 21,208 SL 15.0000 3,856      
RAY CHARLES MUSEUM IMPROV 2017-12-14 341,096 115,595 SL 15.0000 22,740      
WASHINGTON BL - IMPROV 2018-01-16 6,890 2,257 SL 15.0000 459      
LINDEN 85 IMPROVEMENTS 2018-07-01 69,455 20,835 SL 15.0000 4,630 4,630    
LINDEN 91 IMPROVEMENTS 2018-06-01 13,760 4,203 SL 15.0000 917 917    
STUDIO EQUIPMENT 2019-06-01 7,463 5,350 SL 5.0000 1,493      
OFFICE EQUIPMENT 2019-07-01 15,171 10,619 SL 5.0000 3,034      
MASTER RECORDING EQUIPMEN 2019-04-01 8,120 6,090 SL 5.0000 1,624      
LINDEN 85 IMPROVEMENTS 2019-07-01 234,000 54,600 SL 15.0000 15,600 15,600    
LINDEN 91 IMPROVEMENTS 2019-07-01 207,237 48,356 SL 15.0000 13,816 13,816    
WASHINGTON BL - IMPROV 2019-07-01 16,420 3,832 SL 15.0000 1,095      
WASHINGTON BL - F&F 2019-10-01 16,152 7,498 SL 7.0000 2,307      
WASHINGTON BL - ROOF 2020-06-30 46,780 3,049 SL 2.56 % 1,199      
LINDEN 85 IMPROVEMENTS 2020-05-08 48,502 8,622 SL 15.0000 3,233 3,233    
LINDEN 85 RETROFIT 2020-12-29 226,184 16,792 SL 3.64 % 8,224 8,224    
WASHINGTON BL-REBUILD BATHROOM 2021-03-23 14,350 1,675 SL 15.0000 957      
13 UNITS FIREPROOF CABINETS 2021-06-17 68,078 14,588 SL 7.0000 9,725      
WASHINGTON BL- BUILD BARRIER 2021-11-21 5,280 381 SL 15.0000 352      
WASHINGTON-AIR CONDITIONER 2021-08-19 11,887 2,264 SL 7.0000 1,698      
RAY CHARLES MUSEUM IMPROVEMENT 2022-05-28 10,575 411 SL 15.0000 705      
LINDEN 85 IMPROVEMENTS 2022-07-01 171,309 5,710 SL 15.0000 11,421 11,421    
LINDEN 91 IMPROVEMENTS 2022-01-01 82,220 5,481 SL 15.0000 5,481 5,481    
LINDEN 91 IMPROVEMENTS 2022-07-01 206,326 6,878 SL 15.0000 13,755 13,755    
WASHINGTON BL - PARKING LOT 2022-03-03 19,805 1,100 SL 15.0000 1,320      
WASHINGTON BL - ROOF 2022-03-28 79,098 1,608 SL 2.56 % 2,028      
WASHINGTON BL - IMPROVEMENTS 2022-07-01 41,698 1,390 SL 15.0000 2,780      
WASHINGTON BL-IMPROVEMENTS 2023-08-21 62,479   SL 15.0000 1,388      
WASHINGTON BL- F&F 2023-02-22 14,914   SL 7.0000 1,775      
LINDEN 91 IMPROVEMENTS 2023-10-30 457,665   SL 15.0000 5,085 5,085    
LINDEN 85 IMPROVEMENTS 2023-12-06 46,385   SL 15.0000 258 258    
RAY CHARLES MUSEUM IMPROVEMENTS 2023-07-10 56,760   SL 15.0000 1,892      

TY 2023 InvestmentsCorpStockSchedule
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
EXCHANGE TRADED FUNDS 530,064 530,064

TY 2023 InvestmentsLandSchedule2
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Buildings 2,261,250 1,790,289 470,961 3,805,800
Improvements 2,155,340   2,155,340  
Land 3,613,750   3,613,750 6,568,200

TY 2023 InvestmentsOtherSchedule2
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FIXED INCOME SECURITIES AT COST 14,424,788 14,424,788

TY 2023 LandEtcSchedule2
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 253,612 188,689 64,923  
Machinery and Equipment 2,298,424 2,170,413 128,011  
Buildings 802,668 528,166 274,502 2,100,000
Improvements 1,670,593 672,212 998,381  
Land 780,000   780,000 1,600,000


TY 2023 LegalFeesSchedule
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 232,267 116,134 0 116,133


TY 2023 OtherAssetsSchedule
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Net Intangible Assets 3,396,000 3,396,000 3,396,000
OPERATING LEASES - RIGHT OF USE ASSETS 40,199 23,603 23,603
PRODUCTION COSTS 507,901 856,430 856,430


TY 2023 OtherExpensesSchedule
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVERTISING 51,223 25,612   25,611
Amortization 58,998 58,998    
BANK CHARGES 768 384   384
COMPUTER EXPENSE 11,184 5,592   5,592
DUES & SUBSCRIPTIONS 3,740 1,870   1,870
GARDENING 8,675 4,338   4,337
INSURANCE 315,862 157,931   157,931
INTERNET 6,764 3,382   3,382
LICENSES AND FEES 23,033 11,517   11,516
OFFICE EXPENSE 8,595 4,298   4,297
PEST CONTROL 1,604 802   802
PLUMBING & ELECTRICAL 18,596 9,298   9,298
POSTAGE & FREIGHT 4,494 2,247   2,247
Rental Expenses 358,292 179,146   179,146
REPAIRS & MAINTENANCE 17,881 8,941   8,940
SECURITY 16,492 8,246   8,246
TELEPHONE 44,126 22,063   22,063
TRAINING 1,944 972   972
TRASH SERVICE 4,275 2,138   2,137
UTILITIES 23,133 11,567   11,566


TY 2023 OtherIncomeSchedule2
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ALBUM INCOME 29,702 29,702  
LICENSING/MERCHANDISE 1,007 1,007  
MASTER LICENSE REVENUE 145,093 145,093  
MISCELLANEOUS INCOME 3,485 3,485  
OIL & GAS LEASE 1,955 1,955  
PUBLISHING INCOME 138,871 138,871  
ROYALTY RECEIPTS 1,321,575 1,321,575  


TY 2023 OtherLiabilitiesSchedule
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS 59,810 71,323
lease liabiltiy 40,199 23,603
Rounding 1  


TY 2023 OtherProfessionalFeesSchedule
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
401K PLAN ADMIN FEE 2,416 1,208 0 1,208
COMPUTER CONSULTANT 47,608 23,804 0 23,804
CONSULTANTS 3,540 1,770 0 1,770
INVESTMENT 16,667 8,334 0 8,333
OTHER 8,154 4,077 0 4,077


TY 2023 TaxesSchedule
Name:
THE RAY CHARLES FOUNDATION
EIN:
95-4047622
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER 14,000 7,000   7,000
PAYROLL TAXES 52,458 26,229   26,229
PROPERTY TAX 36,820 18,410   18,410