Nonprofit · EIN 95-4047622
THE RAY CHARLES FOUNDATION
Tax-exempt · LOS ANGELES, CA 90018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,697,358 | $4,590,548 | -$893,190 | $39,004,801 | $80,222 | $38,924,579 |
| December 31, 2023 | 990-PF | $2,927,861 | $5,807,603 | -$2,879,742 | $38,818,702 | $94,926 | $38,723,776 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $637,581
- Net rental income
- $212,170
- Other income
- $2,299,540
Expenses
- Grants and similar amounts paid
- $1,612,500
- Compensation of officers, directors and key employees
- $398,474
- Salaries, compensation and benefits (total)
- $477,511
- Disbursements for charitable purposes
- $2,881,266
- Excise tax on investment income
- $21,833
Balance sheet and other
- Total assets, start of year
- $38,818,702
- Total assets, end of year
- $39,004,801
- Total liabilities, end of year
- $80,222
- Net assets, end of year
- $38,924,579
- Fair market value of assets
- $47,798,279
- Qualifying distributions
- $2,881,266
- Net investment income
- $3,264,770
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VAERIE ERVIN 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | President | 40 | $388,124 | $10,350 |
| J SUN 2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018 | CONTROLLER Highest-paid employee | 40 | $160,258 | $4,482 |
| D THIEL 2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018 | PROPERTY MGR Highest-paid employee | 40 | $93,314 | $2,799 |
| T DENSON 2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018 | EXEC ASSISTANT Highest-paid employee | 40 | $79,217 | – |
| S JEONG 2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018 | FACILITY MGR Highest-paid employee | 40 | $72,987 | $2,190 |
| K JACKSON 2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018 | RECEPTIONIST Highest-paid employee | 40 | $62,085 | $1,862 |
| MARK WHITLOCK 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Chairman | 1 | $0 | – |
| C DANIELS 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Director | 1 | $0 | – |
| D BROKAW 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Director | 1 | $0 | – |
| YAKUB COLEMAN 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Director | 0 | $0 | – |
| W COLEMAN 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Director | 1 | $0 | – |
| K L JOHNSON 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Secretary | 1 | $0 | – |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VAERIE ERVIN 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | President | 40 | $422,662 | $9,900 |
| J SUN 2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018 | CONTROLLER Highest-paid employee | 40 | $156,345 | $4,690 |
| D THIEL 2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018 | PROPERTY MGR Highest-paid employee | 40 | $93,784 | $2,814 |
| T DENSON 2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018 | EXEC ASSISTANT Highest-paid employee | 40 | $75,007 | $1,313 |
| S JEONG 2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018 | FACILITY MGR Highest-paid employee | 40 | $71,877 | $2,156 |
| K JACKSON 2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018 | RECEPTIONIST Highest-paid employee | 40 | $57,345 | $1,720 |
| MARK WHITLOCK 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Chairman | 1 | $0 | – |
| C DANIELS 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Director | 1 | $0 | – |
| D BROKAW 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Director | 1 | $0 | – |
| YAKUB COLEMAN 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Director | 0 | $0 | – |
| W COLEMAN 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Director | 1 | $0 | – |
| K L JOHNSON 2107 W WASHINGTON BLVD, LOS ANGELES, CA 90018 | Secretary | 1 | $0 | – |
Address and contacts
- Address (IRS master file)
- 2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018-1536
- In care of
- % VALERIE ERVIN
- Signed the 990-PF
- VALERIE ERVIN, President
- Phone
- (323) 737-8000
- Return prepared by
- Hutchinson and Bloodgood LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4047622 or by the name THE RAY CHARLES FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 95-4047622
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $39,004,801
- Income (IRS master file)
- $3,697,358
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,697,358 | $4,590,548 | $39,004,801 | XML |
| 990-PF | December 2023 | $2,927,861 | $5,807,603 | $38,818,702 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
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 95-4047622).
Questions about THE RAY CHARLES FOUNDATION
- What is the EIN of THE RAY CHARLES FOUNDATION?
- The employer identification number (EIN) of THE RAY CHARLES FOUNDATION is 95-4047622.
- Is THE RAY CHARLES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to THE RAY CHARLES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE RAY CHARLES FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE RAY CHARLES FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE RAY CHARLES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE RAY CHARLES FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 6 received compensation from the organization, the highest $388,124 (VAERIE ERVIN, President).
- How much revenue does THE RAY CHARLES FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,697,358, expenses of $4,590,548 and total assets of $39,004,801 at year end.
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