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Nonprofiteer
← JIMMY RANE FOUNDATION

Form 990 for tax year 2024

Filed by JIMMY RANE FOUNDATION.

Totals

Total revenue
$2,847,729
Total expenses
$1,981,719
Contributions and grants received
$2,599,784
Grants paid
$679,500
Program service revenue
$0
Investment income
$206,406
Other revenue
$41,539
Total assets, end of year
$8,222,756
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,222,756
Program services expenses (Part IX)
$679,500
Management and general expenses
$109,125
Fundraising expenses
$1,193,094
Program service expenses (Part III)
$679,500

Program services were 34.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $2,229,371

  • 1f · All other contributions, gifts and grants

    $370,413

  • 3 · Investment income

    total $197,930 · related or exempt $197,930

  • 7a · Gross sales of assets other than inventory

    securities $647,042

  • 7b · Less cost or other basis and sales expenses

    securities $638,566

  • 7c · Gain or loss

    securities $8,476

  • 7d · Net gain or loss

    total $8,476 · related or exempt $8,476

  • 8a · Fundraising events: gross income

    $235,775

  • 8a · Fundraising events: contributions included on line 1c

    $2,229,371

  • 8b · Fundraising events: direct expenses

    $194,236

  • 8c · Net income from fundraising events

    total $41,539 · excluded $41,539

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $679,500 · program services $679,500

  • 11b · Fees: legal

    total $124 · management and general $124

  • 11c · Fees: accounting

    total $4,200 · management and general $4,200

  • 11f · Fees: investment management

    total $20,902 · management and general $20,902

  • 11g · Fees: other

    total $21,000 · management and general $21,000

  • 13 · Office expenses

    total $26,284 · fundraising $26,284

  • 17 · Travel

    total $370,804 · fundraising $370,804

  • 24a · Other expenses: GUEST CELEBRITY EXPENSE

    total $239,408 · fundraising $239,408

  • 24b · Other expenses: PATRON'S BAGS

    total $200,063 · fundraising $200,063

  • 24c · Other expenses: ADMINISTRATIVE SERVICES

    total $171,880 · management and general $46,900 · fundraising $124,980

  • 24d · Other expenses: APPEARANCE FEES

    total $155,000 · fundraising $155,000

  • 24e · All other expenses

    total $92,554 · management and general $15,999 · fundraising $76,555

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,040 · end of year $550,545

  • 11 · Investments: publicly traded securities

    beginning of year $7,286,706 · end of year $7,672,211

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,356,746 · end of year $8,222,756

Mission and programs · 2024

Mission

PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS AND STRENGHTHENING COMMUNITIES THROUGH EDUCATION PROJECTS AND GRANTS.

Activities or mission (Part I)

PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS AND STRENGHTHEN COMMUNITIES THROUGH EDUCATION PROJECTS AND GRANTS.

  • GRANTED COLLEGE SCHOLARSHIPS

    Expenses $679,500 · Grants $679,500

As filed on the 2024 return.

Listed in Part VII

  • James W Rane

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Gene Woodham

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Justin Wright

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
11 December 2025
IRS schema version
2024v5.2
Source object
202640239349300809

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