MICHAEL RAY & LARANAH PHIPPS RAY FOUNDATION INC
TRENTON,
New Jersey,
08618
EIN: 85-2446376
Arts, Culture and Humanities
MISSION
Provide music education & instruments and scholarships for those serious about pursuing a career in music. To promote Jazz performance, Live Entertainment, Music Education, and Entertainment Artists Support Services.
FORM 1023-EZ for MICHAEL RAY & LARANAH PHIPPS RAY FOUNDATION INC
DEMOGRAPHIC
ADDRESS
489 W STATE ST UNIT 203
08618
COUNTY
mercer county, NJ
ORGANIZATIONAL OVERVIEW & RANKINGS
MICHAEL RAY & LARANAH PHIPPS RAY FOUNDATION INC is a based in TRENTON, NJ, focused on Arts, Culture and Humanities causes , specifically Arts, Cultural Organizations - Multipurpose. Established in March 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,571,834 among 2,656,690 nonprofits nationally (Top 97%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 54,854 out of 72,131 organizations in NJ (Top 77%).
In mercer county, NJ, the organization ranks 4,709 out of 4,785 nonprofits by assets (Top 99%), while locally in trenton, it stands at 1,079 among 1,086 organizations (Top 100%).
The organization reported no revenue in the most recent filing period, placing it at 2,044,476 nationally and 66,335 in NJ.
Within its specific NTEE classification (A20 - A: Arts, Culture and Humanities), which includes 16,560 similar organizations, MICHAEL RAY & LARANAH PHIPPS RAY FOUNDATION INC ranks 14,781 in assets (Top 90%) and 16,444 in revenue (Top 100%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2023 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A20: Arts, Cultural Organizations - Multipurpose
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Monday, May 15, 2023;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
03/2021
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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