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Maryland · Nonprofit

Ray Corollary Initiative

Ray Corollary Initiative (Maryland) receives grants from 2 organizations whose IRS filings report $625,000 to it, the largest being AMERICAN ARBITRATION ASSOCIATION - INT'L CENTRE FOR DISPUTE RESOLUTION FNDN INC ($375,000). 1 of them have funded it in more than one year.

Revenue FY2025
$394k
Funders on record
2
Grants received
$625k
Net assets
$235k
1/2 repeat funders
01What it does

What Ray Corollary Initiative does

Mission

The mission of the Ray Corollary Initiative Inc. RCI is to encourage ADR providers and selectors to increase the utilization of neutrals with wide-ranging work and life experiences while maintaining the parties autonomy to make the selection decision.

As stated on its FY2025 Form 990.

Programs

  1. Created published and presented materials designed to raise awareness about potential reforms in the field of alternative dispute resolution and hosted networking events to connect arbitrators advocates and selectors of ADR services.

    $102,318 spent$391,252 earned by the program
    100% of program spending
  2. Not described on the e-filed return.

    $0 spent
    0% of program spending
  3. Not described on the e-filed return.

    $0 spent
    0% of program spending
  4. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 4 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $102,318.

02The organization over time

The organization over time

Each line starts at 100 in 2024, so what you read is the shape rather than the size: 150 means half as much again as 2024, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20242024 Revenue 100 ($127k) Expenses 100 ($107k) Net assets 100 ($23k)2025 Revenue 310 ($394k) Expenses 170 ($182k) Net assets 1017 ($235k)
20242025
Revenue (310)Expenses (170)Net assets (1017)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $23k to $239k (+933%).

$23k
$239k
20242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2024
2025
ContributionsProgram revenueInvestmentOther

99% of Ray Corollary Initiative’s revenue is contributions — more donation-reliant than the typical peer (94% for the typical peer).

This organization
Typical peer · 2,802 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 2 reported years ran a deficit.

$20k
’24
$212k
’25
16
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

John Christopher Heagarty

CEO

Board chair

Homer C La Rue

Chair

As listed on its FY2025 Form 990.

03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

From the IRS filings of Ray Corollary Initiative’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Ray Corollary Initiative leans on a few funders — its largest provides 60% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

60% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Ray Corollary Initiative.

60%
largest funder
100%
top three
~2
effective funders

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

Ray Corollary Initiative draws 100% of its grant income from funders outside Maryland, across 2 states in all.

NY
CA

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Ray Corollary Initiative runs a healthier operating margin than three-quarters of the 1,661 crime & legal nonprofits its size.

Operating margin54% · top quartile
Months of reserve15.8mo · top quartile
Revenue growth (annualized)210% · top quartile

this organization peer median middle 50% of peers· 1,661 crime & legal nonprofits $100k–$1M, FY2025

Organizations like Ray Corollary Initiative

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Maryland

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

56% of spending goes to programs.

Program 56%Management 29%Fundraising 15%

Governance

12
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Footprint & structure

Files a return copy in 1 state

MD

Screen this organization

A dated, signed PDF of the compliance screen for Ray Corollary Initiative: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Ray Corollary Initiative?
Ray Corollary Initiative (Maryland) receives grants from 2 organizations whose IRS filings report $625,000 to it, the largest being AMERICAN ARBITRATION ASSOCIATION - INT'L CENTRE FOR DISPUTE RESOLUTION FNDN INC ($375,000). 1 of them have funded it in more than one year.
How many funders does Ray Corollary Initiative have?
IRS filings report 2 organizations giving $625,000 in grants to Ray Corollary Initiative, 1 of which have funded it in more than one year.
Who is the largest funder of Ray Corollary Initiative?
AMERICAN ARBITRATION ASSOCIATION - INT'L CENTRE FOR DISPUTE RESOLUTION FNDN INC is the largest funder on record, with $375,000 in grants. The full list of funders is on this page.
How can an organization like Ray Corollary Initiative find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2024–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing