Executive compensation
Form 990-PF · Part VIII · 3 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Florida.
| Position | Total |
|---|---|
President/director Board President Above 90th percentile | $600k $655k |
Treasurer/director Unclassified | $360k $393k |
Secretary/director Unclassified | $250k $273k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Browse compensation in Philanthropy, Voluntarism & Grantmaking →
Top pay as a share of expenses
In 2023, the highest total compensation at RAY FOUNDATION INC equaled 3% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.
Grants paid
Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.
Total granted
$18.2M
Itemized grants
36
Median grant
$50k
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| UND AEROSPACE FOUNDATION | GRAND FORKS, ND | VETERANS SCHOLARSHIP AND FLIGHT OPERATIONS BLDG. SUPPORT | $7.7M |
| AOPA AIR SAFETY FOUNDATION | FREDERICK, MD | SUPPORT FOR 'YOU CAN FLY' PROGRAM AND FLIGHT SCHOLARSHIPS | $3.8M |
| EAA AVIATION FOUNDATION INC | OSHKOSH, WI | FLIGHT SCHOLARSHIPS, KIDVENTURE SUPPORT, PURCHASE OF PC FLIGHT SIMULATORS | $2.5M |
| CIVIL AIR PATROL FOUNDATION | MAXWELL AFB, AL | FLIGHT SCHOLARSHIPS | $636k |
| AEROSPACE CENTER FOR EXCELLENCE | LAKELAND, FL | SUPPORT FOR SKYLAB, LAKELAND AERO CLUB AND YOUTH PROGRAMS | $623k |
| WINGS OVER THE ROCKIES | DENVER, CO | YOUTH PROGRAMMING SUPPORT | $550k |
| COMMERATIVE AIR FORCE | DALLAS, TX | NAEC PROGRAMS AND FLIGHT SCHOLARSHIPS | $418k |
| THE IMMOKALEE FOUNDATION | NAPLES, FL | MATCHING GRANT PATHWAYS PROGRAMS SUPPORT | $300k |
| SOUTHEASTERN GUIDE DOGS | PALMETTO, FL | OPERATING BUDGET SUPPORT | $250k |
| COMMUNITY FOUNDATION OF COLLIER COUNTY | NAPLES, FL | JAMES C RAY SCHOLARSHIP FUNDING | $200k |
| PEARL HARBOR AVIATION MUSEUM | HONOLULU, HI | FLIGHT SCHOLARSHIP FUNDING SUPPORT | $175k |
| RENO AIR RACING ASSOCIATION | RENO, NV | FLIGHT SCHOLARSHIP FUNDING SUPPORT | $110k |
| TEENS IN FLIGHT | PALM COAST, FL | OPERATING SUPPORT | $100k |
| HSU EDUCATIONAL FOUNDATION | FORT WALTON BEACH, FL | DRONE TEAM CHALLENGE SUPPORT | $98k |
| KETTLE MORAINE YOUTH AVIATION | JUNEAU, WI | YOUTH AVIATION BUILD SUPPORT | $75k |
| STEM FLIGHTS | ALEXANDRIA, VA | SCHOLARSHIP PROGRAM SUPPORT | $75k |
| THE HERITAGE FOUNDATION | WASHINGTON, DC | INTERNSHIPS | $60k |
| ALZHEIMER'S SUPPORT NETWORK | NAPLES, FL | OPERATING BUDGET SUPPORT | $50k |
| ASPIRING AVIATORS AERO CLUB | WINTER HAVEN, FL | AIRPLANE PURCHASE SUPPORT | $50k |
| CHAMPIONS FOR LEARNING | NAPLES, FL | PURCHASE VR AVIATION MAINT SIMULATOR | $50k |
| CHILDREN'S HOSPITAL COLORADO MITOCHONDRIAL LAB | AURORA, CO | ANSCHUTZ MITOCHONDRIAL LAB SUPPORT | $50k |
| FLIGHT FOUNDATION | UNICOI, TN | FLIGHT SCHOLARSHIP FUNDING SUPPORT | $50k |
| HOLOCAUST MUSEUM & COHEN EDUCATION CENTER | NAPLES, FL | YOUTH EDUCATION PROGRAMMING SUPPORT | $50k |
| EAA CHAPTER 729 | COLUMBUS, IN | YOUTH AIRCRAFT BUILD PROJECT SUPPORT | $38k |
| THE LEROY HOMER FOUNDATION | MARLTON, NJ | FLIGHT SCHOLARSHIP FUNDING SUPPORT | $35k |
This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about RAY FOUNDATION INC
What does the Board President of RAY FOUNDATION INC earn?
In 2023, the Board President of RAY FOUNDATION INC received $600,000 in total compensation. This pay is in the top 10% for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Florida: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Board President pay at RAY FOUNDATION INC compare with similar nonprofits?
Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Florida, the 2023 pay of the Board President at RAY FOUNDATION INC falls in the top 10%. In 2023, the highest total compensation at RAY FOUNDATION INC equaled 3% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
What are RAY FOUNDATION INC's revenue and expenses?
In 2023, RAY FOUNDATION INC reported $18.7M in total revenue and $20.2M in total expenses on its IRS Form 990.
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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.
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