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RAFTELIS FOUNDATION GEORGE RAFTELIS: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
RAFTELIS FOUNDATION GEORGE RAFTELIS (EIN 56-2105040)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-01
IRS object ID
202423069349101932
Schema version
2023v5.1
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)
Return2024-11-01T13:29:21-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

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 Begin2023-01-01TaxPeriodBeginDt

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)
PersonEVA RAFTELISPersonNm
Person TitleDirectorPersonTitleTxt
Signature2024-11-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCathlean UtzigPreparerPersonNm
PTINP01300918PTIN
Phone7049071420PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$75,523FMVAssetsEOYAmt
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$2,659DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,659DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$6,057NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$91,089GrossSalesPriceAmt
Total Rev And Expnss-$3,398TotalRevAndExpnssAmt
Total Net Invst Incm$2,659TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$835AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$835AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$496OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$496OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$12TaxesRevAndExpnssAmt
Taxes Net Invst Incm$12TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$202OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$202OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,545TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,343TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$202TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$47,380ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$47,380ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$48,925TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,343TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$47,582TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$52,323ExcessRevenueOverExpensesAmt
Net Investment Income$1,316NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$289CashBOYAmt
Cash EOY$25,972CashEOYAmt
Cash EOYFMV$25,972CashEOYFMVAmt
Other Investments BOY$115,957OtherInvestmentsBOYAmt
Other Investments EOY$49,551OtherInvestmentsEOYAmt
Other Investments EOYFMV$49,551OtherInvestmentsEOYFMVAmt
Total Assets BOY$116,246TotalAssetsBOYAmt
Total Assets EOY$75,523TotalAssetsEOYAmt
Total Assets EOYFMV$75,523TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$116,246NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$75,523NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$116,246TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$75,523TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$116,246TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$75,523TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$116,246TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$52,323ExcessRevenueOverExpensesAmt
Other Increases$11,600OtherIncreasesAmt
Subtotal$75,523SubtotalAmt
Tot Net Ast Or Fund Balances EOY$75,523TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
CAPITAL GAIN DISTRIBUTIONSP$651$651$651
PERSHING PUBLICLY TRADED SECURITIESP$7,428$106$106$7,322
PERSHING PUBLICLY TRADED SECURITIESP$76,179-$5,200-$5,200$81,379
PERSHING PUBLICLY TRADED SECURITIESP$6,831-$1,614-$1,614$8,445
FieldValueIRS element (for citing)
Capital Gain Net Income-$6,057CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$18InvestmentIncomeExciseTaxAmt
Subtotal$18SubtotalAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$582EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$582TotalPaymentsAndCreditsAmt
Overpayment$564OverpaymentAmt
Applied To ES Tax$564AppliedToESTaxAmt

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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
GEORGE RAFTELIS
17533 PARADISE COVE COURTCORNELIUSNC28031President5.00$0
EVA RAFTELIS
17533 PARADISE COVE COURTCORNELIUSNC28031Director2.00$0
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$73,204AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,246AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$94,450TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$94,450AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,417CashDeemedCharitableAmt
Net Vl Noncharitable Assets$93,033NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,652MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,652MinimumInvestmentReturnAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Total Tax$18TotalTaxAmt
Distributable Before Adj$4,634DistributableBeforeAdjAmt
Distributable Before Ded$4,634DistributableBeforeDedAmt
Distributable As Adjusted$4,634DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$47,582ExpensesAndContributionsAmt
Qualifying Distributions$47,582QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,634DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$43,033ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$54,845ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$51,747ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$45,912ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$44,337ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$239,874TotalExcessDistributionCyovAmt
Qualifying Distributions$47,582QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$4,634AppliedToCurrentYearAmt
Remaining Distri From Corpus$42,948RemainingDistriFromCorpusAmt
Total Corpus$282,822TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$43,033ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$239,789ExcessDistriCyovToNextYrAmt
Excess From Year4$54,845ExcessFromYear4Amt
Excess From Year3$51,747ExcessFromYear3Amt
Excess From Year2$45,912ExcessFromYear2Amt
Excess From Year1$44,337ExcessFromYear1Amt
Excess From Current Year$42,948ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BPA
130 N TRYON STCHARLOTTENC28262NONEPCPERFORMING ARTS$3,000
WATAUGA RESCUE SQUAD
200 QUAIL DRBOONENC28607NONEPCSEARCH & RESCUE$500
E2D
101 MAIN STREETDAVIDSONNC28036NONEPCEDUCATION$250
GEORGETOWN SOIL AND WATER
1837 FRASER STGEORGETOWNSC29440NONEGOVSOIL AND WATER SERVICES$50
MOTHERING ACROSS CONTINENTS
310 ARLINGTON AVE STE 303CHARLOTTENC28203NONEPCEDUCATION$5,000
UNION PRESBYTERIAN SEMINARY
5141 SHARON RDCHARLOTTENC28210NONEPCCHURCH SEMINARY$1,500
SPOLETO FESTIVAL
14 GEORGE STCHARLESTONSC29401NONEPCPERFORMING ARTS$350
DAVIDSON COLLEGE PRESBY CHURCH
100 N MAIN STREETDAVIDSONNC28036NONEPCCHURCH$16,000
RUMPLE MEMORIAL PRESBYTERIAN CHURCH
1218 MAIN STBLOWING ROCKNC28605NONEPCCHURCH$7,500
BROOKGREEN GARDENS
1931 BROOKGREEN GARDENS DRMURRELLS INLETSC29576NONEPCCOMMUNITY GARDEN$5,000
PLANNED PARENTHOOD
700 S TORRENCE STCHARLOTTENC28204NONEPCFAMILY SERVICES$5,000
KIWANIS
3636 WOODVIEW TRACEINDIANAPOLISIN46268NONEPCCHILDREN'S SUPPORT SERVICES$1,000
DUKE UNIVERSITY HOSPITAL
324 BLACKWELL SOUTHDURHAMNC27708NONEPCSUPPORT BRAIN TRAUMA CENTER$1,500
FLORIDA SCHOOL FOR THE DEAF
207 SAN MARCO AVEST AUGUSTINEFL32084NONEPCEDUCATION$100
PLEDGELING FOUNDATION
2100 ABBOT KINNEY BLVDVENICECA90291NONEPCGENERAL SUPPORT$115
AMAZON OUTREACH
2001 WEST PLANO PKWYPLANOTX75075NONEPCMISSION OUTREACH$515
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$47,380TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,659ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$6,057ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$3,398ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$3,398TotalIncomeProducingActyAmt

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$835Amt
Net Investment Income$835NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescMEALSDesc
Revenue And Expenses Per Books$202RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$202DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEESCategoryTxt
Amt$496Amt
Net Investment Income$496NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXCategoryTxt
Amt$12Amt
Net Investment Income$12NetInvestmentIncomeAmt

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