Ray School Corporation: FY2021 Nonprofit Profile & Form 990 (EIN 23-7073970)

Revenue by fiscal year
FY2020	$38K
FY2021	$44K
FY2022	$40K
FY2023	$347K
FY2024	$377K
FY2025	$371K

Expenses by fiscal year
FY2020	$315K
FY2021	$325K
FY2022	$361K
FY2023	$355K
FY2024	$339K
FY2025	$362K

Net assets by fiscal year
FY2020	$10.6M
FY2021	$13.3M
FY2022	$10.8M
FY2023	$11.6M
FY2024	$12.7M
FY2025	$13.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

92%

Program services 92% · $300K Management & general 8% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

James Curtin

President

$0Pt VII · Sec A

Anne Comer

Treasurer

$0Pt VII · Sec A

Peter Dean

Secretary

$0Pt VII · Sec A

Richard Parker

Vice President

$0Pt VII · Sec A

See Ray School Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds educational programs in East Haddam.

Questions for Ray School Corporation

Tap to ask. Ray School Corporation sees how many people are interested.

Your first name shows with your question. Ray School Corporation answers here, for everyone.

1 program · $300K · in their own filed words · FY2020

01

The corporation supports an educational institution offering courses of instruction similar to those of high school grade in which vocational instruction is emphasized.

$300Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Frederick L Ray TrustFY2024$362K

Total grants receivedfrom 1 funder$362K

Grants paid · 7 grants · $2.3M · 2019–2024

Town of East Haddam Board of EdFY2024$340,572

Town of East Haddam Board of EdFY2023$320,325

Town of East Haddam Board of EdFY2022$337,309

Town of East Haddam Board of EdFY2021$335,585

Town of East Haddam Board of EdFY2020$300,215

Town of East Haddam Board of EdFY2019$291,984

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$44K

Ln 12

Investment incomeLn 3$44K

Money outPt IX

$325K

Ln 25

Programscol B$300K

Managementcol C$25K

Owns and owesPt X

$13.3M

net assets · Ln 32

Cash and savingsLn 1–2$56K

Total assetsLn 16$13.3M

LiabilitiesLn 26$12K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$44K

Total revenueLn 12$44K

Assets in detailPt X, end of year

SavingsLn 2$56K

Cash and savings togetherLn 1–2$56K

Accounts receivableLn 4$9K

InvestmentsLn 11–13$2.3M

Other assetsLn 15$10.9M

Total assetsLn 16$13.3M

LiabilitiesLn 26$12K

Net assetsLn 32$13.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3More from this return

Investment feesPt IX, Sch D

Investment fees, as reportedPt IX 11f$25K

Share of the $13.3M endowmentSch D 1g0.19%

Typical, median of 2,202 orgs0.44%

EndowmentSch D · Pt V

Line	FY21	FY20	FY19	FY18	FY17
End of yearLn 1g	$13.3M	$10.6M	$10.5M	$10.3M	$9.8M
SpentLn 1d–1f	$325K	$315K	$315K	$341K	$340K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$54K	$56K
InvestmentsLn 11–13	$1.8M	$2.3M
Total assetsLn 16	$10.6M	$13.3M
LiabilitiesLn 26	$21K	$12K
Net assetsLn 32	$10.6M	$13.3M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$300K	$300K
Investment management feesLn 11f	$25K		$25K
Total functional expensesLn 25	$325K	$300K	$25K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Dec 15, 2025	$371K	$362K	$8K	$13.9M	990 PDF
FY2024Filed with the IRS Mar 6, 2025	$377K	$339K	$37K	$12.7M	990 PDF
FY2023Filed with the IRS Mar 15, 2025	$347K	$355K	−$8K	$11.6M	990 PDF
FY2022Filed with the IRS Feb 13, 2023	$40K	$361K	−$322K	$10.8M	990 PDF
FY2021 ViewingFiled with the IRS May 2, 2022	$44K	$325K	−$282K	$13.3M	990 PDF
FY2020Filed with the IRS Apr 22, 2021	$38K	$315K	−$277K	$10.6M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $43,731 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $37,641$43,731

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $37,641$43,731

I-13 Grants and similar amounts paidPrior year $291,984$300,215

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $22,707$25,194

I-18 Total expensesPrior year $314,691$325,409

I-19 Revenue less expensesPrior year −$277,050−$281,678

Part VI · Governance 4 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $43,731 across 2 lines filed

VIII-3 Investment incomeExcluded from tax $43,731$43,731

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $43,731$43,731

Part IX · Statement of functional expenses $325,409 across 2 lines filed

IX-1 Grants to domestic organizationsPrograms $300,215$300,215

IX-11f Investment management feesManagement $25,194$25,194

IX-25 Total functional expensesPrograms $300,215 · Management $25,194 · Fundraising $0$325,409

Part X · Balance sheet $13,322,954 assets, 11 lines filed

X-2 Savings and temporary cash investmentsStart of year $54,264$56,194

X-4 Accounts receivableStart of year $5,434$8,788

X-11 Publicly traded securitiesStart of year $1,756,587$2,312,739

X-15 Other assetsStart of year $8,790,479$10,945,233

X-16 Total assetsStart of year $10,606,764$13,322,954

X-17 Accounts payable and accrued expensesStart of year $20,733$12,119

X-26 Total liabilitiesStart of year $20,733$12,119

X-27 Net assets without donor restrictionsStart of year $1,810,851$2,368,933

X-28 Net assets with donor restrictionsStart of year $8,775,180$10,941,902

X-32 Total net assets or fund balancesStart of year $10,586,031$13,310,835

X-33 Total liabilities and net assetsStart of year $10,606,764$13,322,954

Part XI · Reconciliation of net assets $13,310,835 net assets at year end

XI-1 Total revenue$43,731

XI-2 Total expenses$325,409

XI-3 Revenue less expenses−$281,678

XI-4 Net assets at start of year$10,586,031

XI-5 Net unrealized gains (losses) on investments$546,389

XI-9 Other changes in net assets$2,460,093

XI-10 Net assets at end of year$13,310,835

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Ray School Corporation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Ray School Corporation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV