Ray Bolt Foundation Inc

Nonprofit profile at a glance

EIN
202168245
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Orlando, FL, USA
Phone
4077405400
Rating
46
Verdict
MIXED
Rating confidence
Moderate
Sector
Community Foundations

Reported finances

Revenue
$34,692
Expenses
$12,872
Assets
$169,958
Liabilities
$4,000

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • SCOT AURELIUS (DIRECTOR)
  • DOUGLAS PALMER (DIRECTOR)
  • PRESTON BOLT (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Primary exempt purpose - the primary activity of ray bolt foundation, inc. Is to hold an annual charity golf tournament in remembrance of ray bolt, a certified public accountant and former shareholder of msl, p.a., who died of cancer in 2001. Proceeds from the tournament are donated to charitable organizations.

What it reported doing in 2024

Program service accomplishments: ray bolt foundation, inc. Holds an annual charity golf tournament in remembrance of ray bolt, a certified public accountant and former shareholder of msl p.a., who died of cancer in 2001. The event is organized by employees of msl, p.a. Who contribute their time at no cost to ray bolt foundation, inc.

Operating model

Revenue model
Other-operating. 82% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 13
  • Transparency & Controls: 82
  • Sustainability: 81
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 8.3%; rating input score 8
  • Program expense ratio: 22.3%; rating input score 22

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 62.9%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 13.2; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -14.5% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: 0.9% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 9.3% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 8.3% of revenue deployed · 22.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 8/100.
  • High — Financial Efficiency: Program expense ratio scored 22/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.