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RAFTELIS FOUNDATION GEORGE RAFTELIS: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
RAFTELIS FOUNDATION GEORGE RAFTELIS (EIN 56-2105040)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-09-11
IRS object ID
202142549349100304
Schema version
2020v4.0
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)
Return2021-09-11T12:45:13-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-09-11SignatureDt
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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$219,407FMVAssetsEOYAmt
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$5,044DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,044DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$6,459NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$66,346GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$6,459CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$11,503TotalRevAndExpnssAmt
Total Net Invst Incm$11,503TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$820AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$820AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$1,018OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,018OtherProfFeesNetInvstIncmAmt
Interest Rev And Expnss$24InterestRevAndExpnssAmt
Interest Net Invst Incm$24InterestNetInvstIncmAmt
Taxes Rev And Expnss$10TaxesRevAndExpnssAmt
Taxes Net Invst Incm$10TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$48OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$48OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,920TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,872TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$48TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$62,877ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$62,877ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$64,797TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,872TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$62,925TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$53,294ExcessRevenueOverExpensesAmt
Net Investment Income$9,631NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$17,270CashBOYAmt
Cash EOY$15,679CashEOYAmt
Cash EOYFMV$15,679CashEOYFMVAmt
Other Investments BOY$249,177OtherInvestmentsBOYAmt
Other Investments EOY$203,728OtherInvestmentsEOYAmt
Other Investments EOYFMV$203,728OtherInvestmentsEOYFMVAmt
Total Assets BOY$266,447TotalAssetsBOYAmt
Total Assets EOY$219,407TotalAssetsEOYAmt
Total Assets EOYFMV$219,407TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$266,447NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$266,447TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$219,407TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$266,447TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$219,407TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$266,447TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$53,294ExcessRevenueOverExpensesAmt
Other Increases$6,254OtherIncreasesAmt
Subtotal$219,407SubtotalAmt
Tot Net Ast Or Fund Balances EOY$219,407TotNetAstOrFundBalancesEOYAmt

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$8,292$8,292$8,292
PERSHING PUBLICLY TRADED SECURITIESP$47,840-$994-$994$48,834
PERSHING PUBLICLY TRADED SECURITIESP$10,214-$839-$839$11,053
FieldValueIRS element (for citing)
Capital Gain Net Income$6,459CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$134InvestmentIncomeExciseTaxAmt
Subtotal$134SubtotalAmt
Tax Based On Investment Income$134TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,075EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,075TotalPaymentsAndCreditsAmt
Overpayment$941OverpaymentAmt
Applied To ES Tax$941AppliedToESTaxAmt

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$215,545AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$14,142AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$229,687TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$229,687AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,445CashDeemedCharitableAmt
Net Vl Noncharitable Assets$226,242NetVlNoncharitableAssetsAmt
Minimum Investment Return$11,312MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$11,312MinimumInvestmentReturnAmt
Tax Based On Investment Income$134TaxBasedOnInvestmentIncomeAmt
Total Tax$134TotalTaxAmt
Distributable Before Adj$11,178DistributableBeforeAdjAmt
Distributable Before Ded$11,178DistributableBeforeDedAmt
Distributable As Adjusted$11,178DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$62,925ExpensesAndContributionsAmt
Qualifying Distributions$62,925QualifyingDistributionsAmt
Adjusted Qualifying Distri$62,925AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$11,178DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$46,443ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$22,804ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$22,385ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$43,033ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$54,845ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$189,510TotalExcessDistributionCyovAmt
Qualifying Distributions$62,925QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$11,178AppliedToCurrentYearAmt
Remaining Distri From Corpus$51,747RemainingDistriFromCorpusAmt
Total Corpus$241,257TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$46,443ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$194,814ExcessDistriCyovToNextYrAmt
Excess From Year4$22,804ExcessFromYear4Amt
Excess From Year3$22,385ExcessFromYear3Amt
Excess From Year2$43,033ExcessFromYear2Amt
Excess From Year1$54,845ExcessFromYear1Amt
Excess From Current Year$51,747ExcessFromCurrentYearAmt

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
WFAE
8801 JM KEYNES DR SUITE 91CHARLOTTENC28262NONEPCPUBLIC RADIO$1,200
BLUMENTHAL PERF ARTS
130 NORTH TRYON STCHARLOTTENC28202NONEPCPERFORMING ARTS$15,000
FOUNDATION FOR THE CAROLINAS
220 TRYON STCHARLOTTENC28202NONEEOFCOMMUNITY FOUNDATION$2,500
OUR TOWN HABITAT
20310 N MAIN STCORNELIUSNC28031NONEPCHOUSING$1,000
E2D
101 MAIN STREETDAVIDSONNC28036NONEPCEDUCATION$500
DAVIDSON COLLEGE PRESBY CHURCH
100 N MAIN STREETDAVIDSONNC28036NONEPCCHURCH$9,606
ECKERD COLLEGE
4200 59TH AVE SOUTHST PETERSBURGFL33711NONEPCEDUCATION$2,081
AL ANON FAMILY GROUPS
2810 PROVIDENCE RD A4CHARLOTTENC28211NONEPCRECOVERY$200
GRACE UNITED METHODIST CHURCH
737 E WOODLAWN RDCHARLOTTENC28209NONEPCCHURCH$500
ROTARY CLUB
PO BOX 721CORNELIUSNC28031NONEPCCIVIC ORGANIZATION$140
PLANNED PARENTHOOD
700 S TORRENCE STCHARLOTTENC28204NONEPCFAMILY SERVICES$1,250
PAWLEYS ISLAND COMMUNITY
ATLANTIC AVEPAWLEYS ISLANDSC29585NONEPCENVIRONMENTAL IMPROVEMENTS$150
CHARLOTTE LAB SCHOOL
301 E 9TH STREETCHARLOTTENC28202NONEPCEDUCATION$25,000
SALEM BALCEY RIVER PRESBYTERIAN
1060 BRICK CHURCH RDMAYESVILLESC29104NONEPCCHURCH$250
PENINSULA COMMUNITY
6103 WAXHAW HWYMINERAL SPRINGSNC28108NONEPCCONSERVANCY$2,500
CAROLINA RAPTOR CENTER
6000 SAMPLE RDHUNTERSVILLENC28078NONEPCWILDLIFE REHABILITATION AND EDUCATION$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$62,877TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,044ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$6,459ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$11,503ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11,503TotalIncomeProducingActyAmt

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$820Amt
Net Investment Income$820NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescPLANNING MEALS WITH CHURCH @ 50%Desc
Revenue And Expenses Per Books$48RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$48DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEESCategoryTxt
Amt$1,018Amt
Net Investment Income$1,018NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXCategoryTxt
Amt$10Amt
Net Investment Income$10NetInvestmentIncomeAmt

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