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RAFTELIS FOUNDATION GEORGE RAFTELIS: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
RAFTELIS FOUNDATION GEORGE RAFTELIS (EIN 56-2105040)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-10
IRS object ID
202512839349101306
Schema version
2024v5.2
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)
Return2025-10-10T11:21:16-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-10-10SignatureDt
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)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$190,846FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Dividends Rev And Expnss$3,406DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,406DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,406DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$124,896NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$139,592GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$124,896CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$9NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$128,302TotalRevAndExpnssAmt
Total Net Invst Incm$128,302TotalNetInvstIncmAmt
Total Adj Net Incm$3,415TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$845AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$845AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$351OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$351OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$24TaxesRevAndExpnssAmt
Taxes Net Invst Incm$24TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,220TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,220TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$14,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$15,620TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,220TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$14,400TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$112,682ExcessRevenueOverExpensesAmt
Net Investment Income$127,082NetInvestmentIncomeAmt
Adjusted Net Income$3,415AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$25,972CashBOYAmt
Cash EOY$23,281CashEOYAmt
Cash EOYFMV$23,281CashEOYFMVAmt
Other Investments BOY$49,551OtherInvestmentsBOYAmt
Other Investments EOY$167,565OtherInvestmentsEOYAmt
Other Investments EOYFMV$167,565OtherInvestmentsEOYFMVAmt
Total Assets BOY$75,523TotalAssetsBOYAmt
Total Assets EOY$190,846TotalAssetsEOYAmt
Total Assets EOYFMV$190,846TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$75,523NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$190,846NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$75,523TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$190,846TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$75,523TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$190,846TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$75,523TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$112,682ExcessRevenueOverExpensesAmt
Other Increases$2,641OtherIncreasesAmt
Subtotal$190,846SubtotalAmt
Tot Net Ast Or Fund Balances EOY$190,846TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
CAPITAL GAIN DISTRIBUTIONSP$1,457$1,457$1,457
PERSHING PUBLICLY TRADED SECURITIESP$52$9$9$43
PERSHING PUBLICLY TRADED SECURITIESP$9,083$1,372$1,372$7,711
PERSHING PUBLICLY TRADED SECURITIESP$61,280$57,222$57,222$4,058
PERSHING PUBLICLY TRADED SECURITIESP$67,720$64,836$64,836$2,884
FieldValueIRS element (for citing)
Capital Gain Net Income$124,896CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$9NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,766InvestmentIncomeExciseTaxAmt
Subtotal$1,766SubtotalAmt
Tax Based On Investment Income$1,766TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$564EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$564TotalPaymentsAndCreditsAmt
Tax Due$1,202TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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$65,013AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$24,302AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$89,315TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$89,315AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,340CashDeemedCharitableAmt
Net Vl Noncharitable Assets$87,975NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,399MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,399MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,766TaxBasedOnInvestmentIncomeAmt
Total Tax$1,766TotalTaxAmt
Distributable Before Adj$2,633DistributableBeforeAdjAmt
Distributable Before Ded$2,633DistributableBeforeDedAmt
Distributable As Adjusted$2,633DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$14,400ExpensesAndContributionsAmt
Qualifying Distributions$14,400QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,633DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$54,845ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$51,747ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$45,912ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$44,337ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$42,948ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$239,789TotalExcessDistributionCyovAmt
Qualifying Distributions$14,400QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$2,633AppliedToCurrentYearAmt
Remaining Distri From Corpus$11,767RemainingDistriFromCorpusAmt
Total Corpus$251,556TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$54,845ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$196,711ExcessDistriCyovToNextYrAmt
Excess From Year4$51,747ExcessFromYear4Amt
Excess From Year3$45,912ExcessFromYear3Amt
Excess From Year2$44,337ExcessFromYear2Amt
Excess From Year1$42,948ExcessFromYear1Amt
Excess From Current Year$11,767ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
WATAUGA RESCUE SQUAD
200 QUAIL DRBOONENC28607NONEPCSEARCH & RESCUE$100
E2D
101 MAIN STREETDAVIDSONNC28036NONEPCEDUCATION$1,000
CDM FOUNDATION
PO BOX 1655SOUTH BENDIN46634NONEPCCHURCH SEMINARY$250
DAVIDSON COLLEGE PRESBY CHURCH
100 N MAIN STREETDAVIDSONNC28036NONEPCCHURCH$2,750
BETHLEHEM UNIVERSITY FOUNDATION
6001 AMMENDALE RD STE 200BELTVILLEMD20705NONEPCCHURCH$1,000
BROOKGREEN GARDENS
1931 BROOKGREEN GARDENS DRMURRELLS INLETSC29576NONEPCCOMMUNITY GARDEN$5,000
KIWANIS
3636 WOODVIEW TRACEINDIANAPOLISIN46268NONEPCCHILDREN'S SUPPORT SERVICES$1,000
PENINSULA COMMUNITY FUND
1901 PENINSULA CLUB DRCORNELIUSNC28031NONEPCANIMAL ADOPTION AGENCY$250
ECKERD COLLEGE
4200 54TH AVE SOUTHST PETERSBURGFL33711NONEPCPERFORMING ARTS$3,000
CORNELIUS LEMLEY FIRE RESCUE
19729 S MAIN STCORNELIUSNC28031NONEPCGENERAL SUPPORT$50
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,406ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$67,674ExclusionAmt
Related Or Exempt Function Incm$57,222RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$71,080ExclusionAmt
Related Or Exempt Function Incm$57,222RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$128,302TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonGEORGE EVA RAFTELISContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line117533 PARADISE COVE CTAddressLine1Txt
CityCORNELIUSCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28031ZIPCd
FieldValueIRS element (for citing)
Total Contributions$124,730TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property107 Shares Ameriprise Fin'l Inc540 Shares TJX Cos IncNoncashPropertyDesc
Fair Market Value$124,730FairMarketValueAmt
Received2024-11-20ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$845Amt
Net Investment Income$845NetInvestmentIncomeAmt
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$351Amt
Net Investment Income$351NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXCategoryTxt
Amt$24Amt
Net Investment Income$24NetInvestmentIncomeAmt

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