BETA

RAFTELIS FOUNDATION GEORGE RAFTELIS: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
RAFTELIS FOUNDATION GEORGE RAFTELIS (EIN 56-2105040)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-09-13
IRS object ID
202222569349100317
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-09-13T08:51:09-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN474795643PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Cathlean W Utzig CPA PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11100 Metropolitan Ave Unit 403AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562105040EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE RAFTELIS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRAFTBusinessNameControlTxt
Phone7048940540PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line117533 PARADISE COVE COURTAddressLine1Txt
CityCORNELIUSCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28031ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGEORGE RAFTELISPersonNm
Person TitlePresidentPersonTitleTxt
Signature2022-09-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGEORGEPersonFirstNm
Person LastRAFTELISPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCathlean UtzigPreparerPersonNm
PTINP01300918PTIN
Phone7049071420PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$187,341FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$4,162DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,162DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$15,200NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$55,413GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$15,200CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$19,362TotalRevAndExpnssAmt
Total Net Invst Incm$19,362TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$765AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$765AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$905OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$905OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$14TaxesRevAndExpnssAmt
Taxes Net Invst Incm$14TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,684TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,684TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$55,857ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$55,857ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$57,541TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,684TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$55,857TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$38,179ExcessRevenueOverExpensesAmt
Net Investment Income$17,678NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$15,679CashBOYAmt
Cash EOY$13,911CashEOYAmt
Cash EOYFMV$13,911CashEOYFMVAmt
Other Investments BOY$203,728OtherInvestmentsBOYAmt
Other Investments EOY$173,430OtherInvestmentsEOYAmt
Other Investments EOYFMV$173,430OtherInvestmentsEOYFMVAmt
Total Assets BOY$219,407TotalAssetsBOYAmt
Total Assets EOY$187,341TotalAssetsEOYAmt
Total Assets EOYFMV$187,341TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$219,407NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$187,341NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$219,407TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$187,341TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$219,407TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$187,341TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$219,407TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$38,179ExcessRevenueOverExpensesAmt
Other Increases$6,113OtherIncreasesAmt
Subtotal$187,341SubtotalAmt
Tot Net Ast Or Fund Balances EOY$187,341TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
CAPITAL GAIN DISTRIBUTIONSP$9,767$9,767$9,767
PERSHING PUBLICLY TRADED SECURITIESP$44,985$5,191$5,191$39,794
PERSHING PUBLICLY TRADED SECURITIESP$661$242$242$419
FieldValueIRS element (for citing)
Capital Gain Net Income$15,200CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$246InvestmentIncomeExciseTaxAmt
Subtotal$246SubtotalAmt
Tax Based On Investment Income$246TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$941EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$941TotalPaymentsAndCreditsAmt
Overpayment$695OverpaymentAmt
Applied To ES Tax$695AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNCOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1GEORGE RAFTELISBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7048940540PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line117533 PARADISE COVE COURTAddressLine1Txt
CityCORNELIUSCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28031ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonGEORGE RAFTELISPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line117533 PARADISE COVE COURTAddressLine1Txt
CityCORNELIUSCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28031ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$185,211AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,719AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$206,930TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$206,930AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,104CashDeemedCharitableAmt
Net Vl Noncharitable Assets$203,826NetVlNoncharitableAssetsAmt
Minimum Investment Return$10,191MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$10,191MinimumInvestmentReturnAmt
Tax Based On Investment Income$246TaxBasedOnInvestmentIncomeAmt
Total Tax$246TotalTaxAmt
Distributable Before Adj$9,945DistributableBeforeAdjAmt
Distributable Before Ded$9,945DistributableBeforeDedAmt
Distributable As Adjusted$9,945DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$55,857ExpensesAndContributionsAmt
Qualifying Distributions$55,857QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,945DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$22,804ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$22,385ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$43,033ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$54,845ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$51,747ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$194,814TotalExcessDistributionCyovAmt
Qualifying Distributions$55,857QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$9,945AppliedToCurrentYearAmt
Remaining Distri From Corpus$45,912RemainingDistriFromCorpusAmt
Total Corpus$240,726TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$22,804ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$217,922ExcessDistriCyovToNextYrAmt
Excess From Year4$22,385ExcessFromYear4Amt
Excess From Year3$43,033ExcessFromYear3Amt
Excess From Year2$54,845ExcessFromYear2Amt
Excess From Year1$51,747ExcessFromYear1Amt
Excess From Current Year$45,912ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BLUMENTHAL PERF ARTS
130 NORTH TRYON STCHARLOTTENC28202NONEPCPERFORMING ARTS$8,000
RAFTELIS CHARITABLE GIFT FUND
227 W TRADE STCHARLOTTENC28202ENVIRONMENTAL STEWARDSHIP$5,000
UNION PRESBYTERIAN SEMINARY
400 AVENGER LNDAVIDSONNC28036NONEPCCHURCH SEMINARY$1,200
DAVIDSON COLLEGE PRESBY CHURCH
100 N MAIN STREETDAVIDSONNC28036NONEPCCHURCH$23,500
ECKERD COLLEGE
4200 59TH AVE SOUTHST PETERSBURGFL33711NONEPCEDUCATION$5,000
AL ANON FAMILY GROUPS
2810 PROVIDENCE RD A4CHARLOTTENC28211NONEPCRECOVERY$300
CHARLOTTE LAB SCHOOL
301 E 9TH STREETCHARLOTTENC28202NONEPCEDUCATION$5,000
DISCOVERY PLACE
301 N TRYON STCHARLOTTENC28102NONEPCSCIENCE EDUCATION$158
KIWANIS
3636 WOODVIEW TRACEINDIANAPOLISIN46268NONEPCCHILDREN'S SUPPORT SERVICES$1,000
CAROLINA RAPTOR CENTER
6000 SAMPLE RDHUNTERSVILLENC28078NONEPCWILDLIFE REHABILITATION AND EDUCATION$1,030
TRAC5
PO BOX 3512MOORESVILLENC28117NONEPCFAITH-BASED DIPLOMACY$1,000
HABITAT FOR HUMANITY
3815 LATROBE DRCHARLOTTENC28211NONEPCAFFORDABLE HOUSING$3,500
ROGER FAULKNER
405 MAIN STDAVIDSONNC28036CHURCH FRIENDEND OF LIFE CARE$169
CAMP GRIER
985 CAMP GRIER RDOLD FORTNC28762NONEPCOUTDOOR EDUCATION$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$55,857TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,162ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$15,200ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$19,362ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$19,362TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$765Amt
Net Investment Income$765NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEESCategoryTxt
Amt$905Amt
Net Investment Income$905NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXCategoryTxt
Amt$14Amt
Net Investment Income$14NetInvestmentIncomeAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.