Civic Intelligence

Modern Fund

EIN 46-4128819 • 501(c)3 • Somerset, KY

Profile

Financial support for needy individuals and organizations in the team modern service area

PO Box 97Somerset, KY 42502

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

88th percentile

43%

Higher net margin than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

82nd percentile

31%

Faster asset growth than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

-12%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$110,986

Up $26,018 (+31%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$110,986

Up $26,018 (+31%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin88th percentile

Revenue

Down

$59,930

Down $8,300 (-12%) from 2023

Expenses

Up

$33,912

Up $5,829 (+21%) from 2023

Net Income

Down

$26,018

Down $14,129 (-35%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth82nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2021: $14,507Liabilities 2021: $0Net Assets 2021: $14,5072021Assets 2022: $44,821Liabilities 2022: $0Net Assets 2022: $44,8212022Assets 2023: $84,968Net Assets 2023: $84,9682023Assets 2024: $110,986Net Assets 2024: $110,9862024

Highlighted filing

2024

Assets$110,986
Liabilities-
Net Assets$110,986
Open 2024 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2021: $54,990Expenses 2021: $86,669Net Income 2021: -$31,6792021Revenue 2022: $91,449Expenses 2022: $61,135Net Income 2022: $30,3142022Revenue 2023: $68,230Expenses 2023: $28,083Net Income 2023: $40,1472023Revenue 2024: $59,930Expenses 2024: $33,912Net Income 2024: $26,0182024

Highlighted filing

2024

Revenue$59,930
Expenses$33,912
Net Income$26,018
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$110,986
Liabilities
-
Net assets
$110,986
Revenue
$59,930
Expenses
$33,912
Net income
$26,018
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.11$1.11$0.60$0.34$0.26
2023Detailed filing. Detailed filing data is available for this year.$0.85$0.85$0.68$0.28$0.40
2022Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.91$0.61$0.30
2021Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.55$0.87$0.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 31, 2025
Return Version
2024v5.0
Gross Receipts
$59,930
Mission and Program Overview

Mission

Financial support for needy individuals and organizations in the team modern service area

Program Services

DescriptionGrantsExpenses
DIRECT SUPPORT OF MANY NEEDY INDIVIDUALS IN THE TEAM MODERN SERVICE AREA.-$33,912
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILLIAM M RAYChairmanPT$0--
ROBERT M RAYDirectorPT$0--
BARRETT HARRISDirector-$0--
EDWIN PHELPSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Modern Fund Inc
EIN
46-4128819
Phone
6066791178
Address
PO BOX 97, SOMERSET, KY 42502

Signing Officer

Name
William M Ray
Title
Chairman
Phone
6066791178
Signed
2025-10-31

Preparer

Firm
Evans Harville Atwell & Co Cpas Pllc
Address
PO BOX 1309, SOMERSET, KY 42502-1309
Preparer
Seth F Atwell CPA
Phone
6066795090
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses donations 33,912 total 33,912”

Form 990-ez, Part III

“Financial support for needy individuals and organizations in the team modern service area”

Raw XML Appendix143 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0MICHAEL RAY
IRS990EZ/BooksInCareOfDetail/PhoneNum06064164443
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 97
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SOMERSET
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd042502
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt084968
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0110986
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt059930
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt026018
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt0110986
IRS990EZ/GrossReceiptsAmt059930
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt084968
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0110986
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt084968
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0110986
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WILLIAM M RAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ROBERT M RAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BARRETT HARRIS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt033912
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0FINANCIAL SUPPORT FOR NEEDY INDIVIDUALS AND ORGANIZATIONS IN THE TEAM MODERN SERVICE AREA
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DIRECT SUPPORT OF MANY NEEDY INDIVIDUALS IN THE TEAM MODERN SERVICE AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt033912
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0KY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt033912
IRS990EZ/TotalProgramServiceExpensesAmt033912
IRS990EZ/TotalRevenueAmt059930
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt08500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt025000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt043500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt059930
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt068230
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt091449
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt054990
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt044944
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0319543
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.86390
IRS990ScheduleA/PublicSupportPY509Pct00.81550
IRS990ScheduleA/PublicSupportTotal509Amt0276043
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt08500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt010000
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt043500
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt059930
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt068230
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt044944
IRS990ScheduleA/Total509Grp/TotalAmt0319543
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt059930
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt068230
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt044944
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0319543
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES DONATIONS 33,912 TOTAL 33,912
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCIAL SUPPORT FOR NEEDY INDIVIDUALS AND ORGANIZATIONS IN THE TEAM MODERN SERVICE AREA
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM M RAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06066791178
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MODERN FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0MODE
ReturnHeader/Filer/EIN0464128819
ReturnHeader/Filer/PhoneNum06066791178
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 97
ReturnHeader/Filer/USAddress/CityNm0SOMERSET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd042502
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205372898
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EVANS HARVILLE ATWELL & CO CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1309
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOMERSET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0425021309
ReturnHeader/PreparerPersonGrp/PhoneNum06066795090
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SETH F ATWELL CPA
ReturnHeader/ReturnTs02025-10-31T14:06:00-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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