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RAFTELIS FOUNDATION GEORGE RAFTELIS: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
RAFTELIS FOUNDATION GEORGE RAFTELIS (EIN 56-2105040)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-06-15
IRS object ID
202321669349100422
Schema version
2022v5.0
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)
Return2023-06-15T12:35:03-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-06-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

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

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)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$116,535FMVAssetsEOYAmt
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$2,971DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,971DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$6,765NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$53,385GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$6,765CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$9,736TotalRevAndExpnssAmt
Total Net Invst Incm$9,736TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$810AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$810AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$745OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$745OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$23TaxesRevAndExpnssAmt
Taxes Net Invst Incm$23TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,578TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,578TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$51,875ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$51,875ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$53,453TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,578TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$51,875TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$43,717ExcessRevenueOverExpensesAmt
Net Investment Income$8,158NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$13,911CashBOYAmt
Cash EOY$289CashEOYAmt
Cash EOYFMV$289CashEOYFMVAmt
Other Investments BOY$173,430OtherInvestmentsBOYAmt
Other Investments EOY$115,957OtherInvestmentsEOYAmt
Other Investments EOYFMV$116,246OtherInvestmentsEOYFMVAmt
Total Assets BOY$187,341TotalAssetsBOYAmt
Total Assets EOY$116,246TotalAssetsEOYAmt
Total Assets EOYFMV$116,535TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$187,341NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$116,246NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$187,341TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$116,246TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$187,341TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$116,246TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$187,341TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$43,717ExcessRevenueOverExpensesAmt
Subtotal$143,624SubtotalAmt
Other Decreases$27,378OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$116,246TotNetAstOrFundBalancesEOYAmt

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$2,270$2,270$2,270
PERSHING PUBLICLY TRADED SECURITIESP$34,730$2,598$2,598$32,132
PERSHING PUBLICLY TRADED SECURITIESP$16,385$1,897$1,897$14,488
FieldValueIRS element (for citing)
Capital Gain Net Income$6,765CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$113InvestmentIncomeExciseTaxAmt
Subtotal$113SubtotalAmt
Tax Based On Investment Income$113TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$695EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$695TotalPaymentsAndCreditsAmt
Overpayment$582OverpaymentAmt
Applied To ES Tax$582AppliedToESTaxAmt

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$133,576AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,779AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$155,355TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$155,355AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,330CashDeemedCharitableAmt
Net Vl Noncharitable Assets$153,025NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,651MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,651MinimumInvestmentReturnAmt
Tax Based On Investment Income$113TaxBasedOnInvestmentIncomeAmt
Total Tax$113TotalTaxAmt
Distributable Before Adj$7,538DistributableBeforeAdjAmt
Distributable Before Ded$7,538DistributableBeforeDedAmt
Distributable As Adjusted$7,538DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$51,875ExpensesAndContributionsAmt
Qualifying Distributions$51,875QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,538DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$22,385ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$43,033ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$54,845ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$51,747ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$45,912ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$217,922TotalExcessDistributionCyovAmt
Qualifying Distributions$51,875QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$7,538AppliedToCurrentYearAmt
Remaining Distri From Corpus$44,337RemainingDistriFromCorpusAmt
Total Corpus$262,259TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$22,385ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$239,874ExcessDistriCyovToNextYrAmt
Excess From Year4$43,033ExcessFromYear4Amt
Excess From Year3$54,845ExcessFromYear3Amt
Excess From Year2$51,747ExcessFromYear2Amt
Excess From Year1$45,912ExcessFromYear1Amt
Excess From Current Year$44,337ExcessFromCurrentYearAmt

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
WFAE
8801 JM KEYNES DR SUITE 91CHARLOTTENC28262NONEPCPUBLIC RADIO$5,000
WDAV
423 N MAIN STDAVIDSONNC28035NONEPCPUBLIC BROADCASTING$1,700
RAFTELIS CHARITABLE GIFT FUND
227 W TRADE STCHARLOTTENC28202ENVIRONMENTAL STEWARDSHIP$10,000
MICHAEL J FOX FOUNDATION
PO BOX 5014HAGERSTOWNMD21741NONEPCHEALTH RESEARCH$500
E2D
101 MAIN STREETDAVIDSONNC28036NONEPCEDUCATION$500
MOTHERING ACROSS CONTINENTS
310 ARLINGTON AVE STE 303CHARLOTTENC28203NONEPCEDUCATION$5,000
UNION PRESBYTERIAN SEMINARY
400 AVENGER LNDAVIDSONNC28036NONEPCCHURCH SEMINARY$5,300
LEUKEMIA LYMPHOMA ASSOC
401 HARRISON OAKS BLVDCARYNC27513NONEPCCANCER SERVICES$1,000
SPOLETO FESTIVAL
14 GEORGE STCHARLESTONSC29401NONEPCPERFORMING ARTS$100
DAVIDSON COLLEGE PRESBY CHURCH
100 N MAIN STREETDAVIDSONNC28036NONEPCCHURCH$10,525
STEELE CREEK CHURCH
1929 W ARROWWOOD RDCHARLOTTENC28217NONEPCCHURCH$250
BROOKGREEN GARDENS
1931 BROOKGREEN GARDENS DRMURRELLS INLETSC29576NONEPCCOMMUNITY GARDEN$3,500
KIWANIS
3636 WOODVIEW TRACEINDIANAPOLISIN46268NONEPCCHILDREN'S SUPPORT SERVICES$1,000
CAROLINA RAPTOR CENTER
6000 SAMPLE RDHUNTERSVILLENC28078NONEPCWILDLIFE REHABILITATION AND EDUCATION$7,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$51,875TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,971ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$6,765ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$9,736ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,736TotalIncomeProducingActyAmt

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$810Amt
Net Investment Income$810NetInvestmentIncomeAmt
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$745Amt
Net Investment Income$745NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXCategoryTxt
Amt$23Amt
Net Investment Income$23NetInvestmentIncomeAmt

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