Civic Intelligence

The Ray Charles Foundation

990PF • Fiscal year 2017 • EIN 95-4047622

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

2107 West Washington BlvdLos Angeles, CA 90018

(323) 737-8000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

18th percentile

0.03x

Higher debt load relative to revenue than 18% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Source year 2017

Net Margin

1st percentile

-422%

Higher net margin than 1% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$284,096

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 16.4% of source-year revenue.

2017 filings • $25M-$50M nonprofits • Source year 2017

Asset Growth

5th percentile

-13%

Faster asset growth than 5% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-25%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Down

$40,266,329

Down $5,783,050 (-13%) from 2016

Net Assets

Down

$40,210,789

Down $5,785,950 (-13%) from 2016

Liabilities

Up

$55,540

Up $2,900 (+5.5%) from 2016

Revenue

Down

$1,735,459

Down $565,117 (-25%) from 2016

Expenses

Up

$9,054,742

Up $4,707,680 (+108%) from 2016

Net Income

Down

-$7,319,283

Down $5,272,797 (-258%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $58,198,365Liabilities 2010: $46,2652010Assets 2011: $55,593,254Liabilities 2011: $43,8352011Assets 2012: $57,754,144Liabilities 2012: $44,7852012Assets 2013: $49,842,037Liabilities 2013: $45,2152013Assets 2014: $47,030,699Liabilities 2014: $48,765Net Assets 2014: $46,981,9342014Assets 2015: $46,566,182Liabilities 2015: $49,690Net Assets 2015: $46,516,4922015Assets 2016: $46,049,379Liabilities 2016: $52,640Net Assets 2016: $45,996,7392016Assets 2017: $40,266,329Liabilities 2017: $55,540Net Assets 2017: $40,210,7892017Assets 2018: $41,389,077Liabilities 2018: $60,180Net Assets 2018: $41,328,8972018Assets 2019: $42,075,947Liabilities 2019: $62,820Net Assets 2019: $42,013,1272019Assets 2020: $40,370,867Liabilities 2020: $60,320Net Assets 2020: $40,310,5472020Assets 2021: $40,365,367Liabilities 2021: $62,070Net Assets 2021: $40,303,2972021Assets 2022: $40,954,501Liabilities 2022: $100,010Net Assets 2022: $40,854,4912022Assets 2023: $38,818,702Liabilities 2023: $94,926Net Assets 2023: $38,723,7762023Assets 2024: $39,004,801Liabilities 2024: $80,222Net Assets 2024: $38,924,5792024

Highlighted filing

2017

Assets$40,266,329
Liabilities$55,540
Net Assets$40,210,789

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MRevenue 2010: $2,857,156Expenses 2010: $6,696,288Net Income 2010: -$3,839,1322010Revenue 2011: $2,246,590Expenses 2011: $4,673,394Net Income 2011: -$2,426,8042011Revenue 2012: $4,290,080Expenses 2012: $6,162,273Net Income 2012: -$1,872,1932012Revenue 2013: $1,349,843Expenses 2013: $9,262,380Net Income 2013: -$7,912,5372013Revenue 2014: $2,334,794Expenses 2014: $6,076,313Net Income 2014: -$3,741,5192014Revenue 2015: $3,315,648Expenses 2015: $5,314,423Net Income 2015: -$1,998,7752015Revenue 2016: $2,300,576Expenses 2016: $4,347,062Net Income 2016: -$2,046,4862016Revenue 2017: $1,735,459Expenses 2017: $9,054,742Net Income 2017: -$7,319,2832017Revenue 2018: $3,507,634Expenses 2018: $3,922,859Net Income 2018: -$415,2252018Revenue 2019: $4,635,580Expenses 2019: $5,484,683Net Income 2019: -$849,1032019Revenue 2020: $2,730,330Expenses 2020: $5,966,243Net Income 2020: -$3,235,9132020Revenue 2021: $3,144,514Expenses 2021: $5,108,590Net Income 2021: -$1,964,0762021Revenue 2022: $3,531,214Expenses 2022: $4,496,880Net Income 2022: -$965,6662022Revenue 2023: $2,927,861Expenses 2023: $5,807,603Net Income 2023: -$2,879,7422023Revenue 2024: $3,697,358Expenses 2024: $4,590,548Net Income 2024: -$893,1902024

Highlighted filing

2017

Revenue$1,735,459
Expenses$9,054,742
Net Income-$7,319,283
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
VALERIE ERVINPresidentFT$276,096$8,000$284,096
JOSEPH ADAMSDirector-$0--
NORIYOSHI TACHIBANASecretary-$0--
REV CECIL L MURRAYCo-Treasurer-$0--
RAMSEY JAY JRDirector-$0--
DIANA TREISTERCo-Treasurer-$0--
STEWART IAN ALPERTChairman-$0--
Filing and Contact Details

Filer

Filer Name
The Ray Charles Foundation
EIN
95-4047622
Phone
3237378000
Address
2107 WEST WASHINGTON BLVD, LOS ANGELES, CA 90018

Signing Officer

Name
Valerie Ervin
Title
President
Signed
2018-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Hutchinson and Bloodgood Llp
Address
550 N BRAND BLVD 14th Floor, GLENDALE, CA 91203
Preparer
Douglas W Kawamura CPA
Phone
8186375000
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DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc14LINDEN 91 IMPROVEMENTS
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc15RAY CHARLES MUSEUM
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc16OFFICE EQUIPMENT
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc17WASHINGTON BL - F&F
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc18WASHINGTON BL - IMPROV
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc19LINDEN 91 IMPROVEMENTS
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc20COMPUTER EQUIPMENT
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc21SOFTWARE
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc22WASHINGTON BL - IMPROV
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc23LINDEN 85 IMPROVEMENTS
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc24LINDEN 91 IMPROVEMENTS
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc25COMPUTER EQUIPMENT
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc26SOFTWARE
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc27LINDEN 85 IMPROVEMENTS
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc28LINDEN 91 IMPROVEMENTS
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc29LINDEN 85 IMPROVEMENTS
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc30OFFICE EQUIPMENT
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc31RAY CHARLES MUSEUM IMPROV
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc32AUTO
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc33COMPUTER EQUIPMENT
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc34LINDEN 85 - ROOF
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc35LINDEN 91 IMPROVEMENTS
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc36WASHINGTON BL - IMPROV
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc37RAY CHARLES MUSEUM IMPROV
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc38RAY CHARLES MUSEUM
DepreciationSchedule/DepreciationPropertyGrp/Rt00.0364
DepreciationSchedule/DepreciationPropertyGrp/Rt10.0364
DepreciationSchedule/DepreciationPropertyGrp/Rt20.0364
DepreciationSchedule/DepreciationPropertyGrp/Rt30.0256
DepreciationSchedule/DepreciationPropertyGrp/Rt40.0364
InvestmentsLandSchedule2/InvestmentLandGrp/AccumulatedDepreciationAmt0896351
InvestmentsLandSchedule2/InvestmentLandGrp/BookValueAmt01364899
InvestmentsLandSchedule2/InvestmentLandGrp/BookValueAmt1392297
InvestmentsLandSchedule2/InvestmentLandGrp/BookValueAmt23613750
InvestmentsLandSchedule2/InvestmentLandGrp/CategoryOrItemTxt0Buildings
InvestmentsLandSchedule2/InvestmentLandGrp/CategoryOrItemTxt1Improvements
InvestmentsLandSchedule2/InvestmentLandGrp/CategoryOrItemTxt2Land
InvestmentsLandSchedule2/InvestmentLandGrp/CostOrOtherBasisAmt02261250
InvestmentsLandSchedule2/InvestmentLandGrp/CostOrOtherBasisAmt1392297
InvestmentsLandSchedule2/InvestmentLandGrp/CostOrOtherBasisAmt23613750
InvestmentsLandSchedule2/InvestmentLandGrp/EOYFMVAmt02761250
InvestmentsLandSchedule2/InvestmentLandGrp/EOYFMVAmt14763750
IRS990PF/AnalysisIncomeProducingActyGrp/GainSalesAstOthThanInvntryGrp/RelatedOrExemptFunctionIncmAmt0-926908
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/ExclusionAmt0216334
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/ExclusionCd014
IRS990PF/AnalysisIncomeProducingActyGrp/NetRntlIncmReNotDebtFincdProp/ExclusionAmt0210398
IRS990PF/AnalysisIncomeProducingActyGrp/NetRntlIncmReNotDebtFincdProp/ExclusionCd016
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc0ALBUM INCOME
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc1FED/CA TAX REFUNDS
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc2LEGAL SETTLEMENT
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc3LICENSING/MERCHANDISE
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc4MASTER LICENSE REVENUE
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc5MISCELLANEOUS INCOME
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc6OIL & GAS LEASE
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc7PUBLISHING INCOME
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc8ROYALTY RECEIPTS
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc9SAG PENSION RECEIPTS
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt030265
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt1113615
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt2377179
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt311233
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt42130
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt5294171
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt6976083
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd015
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd11
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd21
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd315
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd415
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd51
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd61
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd715
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd815
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd914
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/ExclusionAmt02231408
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/RelatedOrExemptFunctionIncmAmt0-926908
IRS990PF/AnalysisIncomeProducingActyGrp/TotalIncomeProducingActyAmt01304500
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesChrtblPrpsAmt045000
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesNetInvstIncmAmt045000
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesRevAndExpnssAmt090000
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstDsbrsChrtblAmt0138048
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstNetInvstIncmAmt0138048
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstRevAndExpnssAmt0276096
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidDsbrsChrtblAmt02100000
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidRevAndExpnssAmt02100000
IRS990PF/AnalysisOfRevenueAndExpenses/DeprecAndDpltnNetInvstIncmAmt0105138
IRS990PF/AnalysisOfRevenueAndExpenses/DeprecAndDpltnRevAndExpnssAmt0312176
IRS990PF/AnalysisOfRevenueAndExpenses/ExcessRevenueOverExpensesAmt0-7319283
IRS990PF/AnalysisOfRevenueAndExpenses/GrossRentsNetInvstIncmAmt0641357
IRS990PF/AnalysisOfRevenueAndExpenses/GrossRentsRevAndExpnssAmt0641357
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavNetInvstIncmAmt0216334
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavRevAndExpnssAmt0216334
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesDsbrsChrtblAmt0111840
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesNetInvstIncmAmt0111840
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesRevAndExpnssAmt0223680
IRS990PF/AnalysisOfRevenueAndExpenses/NetGainSaleAstRevAndExpnssAmt0-926908
IRS990PF/AnalysisOfRevenueAndExpenses/NetInvestmentIncomeAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/NetRentalIncomeOrLossAmt0210398
IRS990PF/AnalysisOfRevenueAndExpenses/OthEmplSlrsWgsDsbrsChrtblAmt0336892
IRS990PF/AnalysisOfRevenueAndExpenses/OthEmplSlrsWgsNetInvstIncmAmt0336892
IRS990PF/AnalysisOfRevenueAndExpenses/OthEmplSlrsWgsRevAndExpnssAmt0673784
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesDsbrsChrtblAmt0628045
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesNetInvstIncmAmt04577288
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesRevAndExpnssAmt05205333
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeNetInvstIncmAmt01804676
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeRevAndExpnssAmt01804676
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesDsbrsChrtblAmt06879
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesNetInvstIncmAmt06879
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesRevAndExpnssAmt013758
IRS990PF/AnalysisOfRevenueAndExpenses/PensionEmplBnftDsbrsChrtblAmt011228
IRS990PF/AnalysisOfRevenueAndExpenses/PensionEmplBnftNetInvstIncmAmt011227
IRS990PF/AnalysisOfRevenueAndExpenses/PensionEmplBnftRevAndExpnssAmt022455
IRS990PF/AnalysisOfRevenueAndExpenses/ScheduleBNotRequiredInd0X
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesDsbrsChrtblAmt043421
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesNetInvstIncmAmt043421
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesRevAndExpnssAmt086842
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesDsbrsChrtblAmt03446662
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesNetInvstIncmAmt05401042
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesRevAndExpnssAmt09054742
IRS990PF/AnalysisOfRevenueAndExpenses/TotalNetInvstIncmAmt02662367
IRS990PF/AnalysisOfRevenueAndExpenses/TotalRevAndExpnssAmt01735459
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt01346662
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesNetInvstIncmAmt05401042
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesRevAndExpnssAmt06954742
IRS990PF/AnalysisOfRevenueAndExpenses/TravConfMeetingDsbrsChrtblAmt025309
IRS990PF/AnalysisOfRevenueAndExpenses/TravConfMeetingNetInvstIncmAmt025309
IRS990PF/AnalysisOfRevenueAndExpenses/TravConfMeetingRevAndExpnssAmt050618
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/AcquiredDt02009-01-01
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/CostOrOtherBasisAmt01530673
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/DepreciationAmt0603765
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainOrLossAmt0-926908
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainsMinusExcessOrLossesAmt0-926908
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd0P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc0RAY CHARLES MUSEUM
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/SoldDt02017-12-14
IRS990PF/CapGainsLossTxInvstIncmDetail/CapitalGainNetIncomeAmt0-926908
IRS990PF/ChgInNetAssetsFundBalancesGrp/ExcessRevenueOverExpensesAmt0-7319283

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.0$0.08$38.9$3.70$4.59$0.89
2023Detailed filing. Detailed filing data is available for this year.$38.8$0.09$38.7$2.93$5.81$2.88
2022Detailed filing. Detailed filing data is available for this year.$41.0$0.10$40.9$3.53$4.50$0.97
2021Detailed filing. Detailed filing data is available for this year.$40.4$0.06$40.3$3.14$5.11$1.96
2020Detailed filing. Detailed filing data is available for this year.$40.4$0.06$40.3$2.73$5.97$3.24
2019Detailed filing. Detailed filing data is available for this year.$42.1$0.06$42.0$4.64$5.48$0.85
2018Detailed filing. Detailed filing data is available for this year.$41.4$0.06$41.3$3.51$3.92$0.42
2017Detailed filing. Detailed filing data is available for this year.$40.3$0.06$40.2$1.74$9.05$7.32
2016Detailed filing. Detailed filing data is available for this year.$46.0$0.05$46.0$2.30$4.35$2.05
2015Detailed filing. Detailed filing data is available for this year.$46.6$0.05$46.5$3.32$5.31$2.00
2014Detailed filing. Detailed filing data is available for this year.$47.0$0.05$47.0$2.33$6.08$3.74
2013Summary only. Only limited summary data is available for this year.$49.8$0.05$1.35$9.26$7.91
2012Summary only. Only limited summary data is available for this year.$57.8$0.04$4.29$6.16$1.87
2011Summary only. Only limited summary data is available for this year.$55.6$0.04$2.25$4.67$2.43
2010Summary only. Only limited summary data is available for this year.$58.2$0.05$2.86$6.70$3.84