Form 990, Part VI, Section B, Line 11B
“The 990 is reviewed by the ceo and key accounting personnel.”
Scores are not available for this record yet.
Assets
Up$8,795,054
Up $381,409 (+4.5%) from 2022
Net Assets
Up$8,262,073
Up $586,565 (+7.6%) from 2022
Liabilities
Down$532,981
Down $205,156 (-28%) from 2022
Revenue
Up$2,711,180
Up $317,289 (+13%) from 2022
Expenses
Up$2,181,564
Up $896,374 (+70%) from 2022
Net Income
Down$529,616
Down $579,085 (-52%) from 2022
Raf facilitates various insurance programs for the benefit of nonprofit organizations and their officers throughout north america. Raf also supports the health and safety educational initiatives of various nonprofit organizations as well as their officers, advisors, and members.
Raf provides liability protection and helps to fund health and safety education for nonprofit organizations.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $4,245,987 | $4,478,369 | ▲ $232,382 |
| Savings and Temporary Cash Investments | $1,905,252 | $2,164,767 | ▲ $259,515 |
| Land, Buildings, and Equipment, Net | $1,950,685 | $1,866,388 | ▼ $84,297 |
| Investments Program Related | $271,098 | $271,098 | → $0 |
| Other Notes and Loans Receivable, Net | $25,268 | $8,112 | ▼ $17,156 |
| Accounts Receivable | $9,055 | $6,320 | ▼ $2,735 |
| Prepaid Expenses and Deferred Charges | $6,300 | $0 | ▼ $6,300 |
| Total Assets | $8,413,645 | $8,795,054 | ▲ $381,409 |
| Liabilities | |||
| Other Liabilities | $720,100 | $459,743 | ▼ $260,357 |
| Accounts Payable and Accrued Expenses | $18,037 | $73,238 | ▲ $55,201 |
| Total Liabilities | $738,137 | $532,981 | ▼ $205,156 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $7,675,508 | $8,262,073 | ▲ $586,565 |
| Total Net Assets Fund Balance | $7,675,508 | $8,262,073 | ▲ $586,565 |
| Total Liabilities and Net Assets / Fund Balance | $8,413,645 | $8,795,054 | ▲ $381,409 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,816,085 | $598,170 | $2,414,255 |
| Equipment | $50,303 | $44,699 | $95,002 |
| Name | Title |
|---|---|
| John M Silberstein | President |
| Thomas a Uebler | Vice President |
| Michael Mcmillan | Director |
| Steven S Heck | Director |
| Thomas J Olsen | Director |
| Justin a Buck | CEO/secretary/treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Oak Service Corporation | Staffing Services | 8347 WEST RANGE COVE, Memphis, TN 38125 | $887,043 |
| Line Item | Amount |
|---|---|
| Other Expenses | $2,081,064 |
| Grants and Similar Amounts Paid | $100,500 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | - | - | - | $232,850 |
| Insurance | - | - | - | $230,054 |
| Grants to Domestic Orgs | - | - | - | $100,500 |
| Fees for Services Accounting | - | - | - | $10,936 |
| Fees for Services Legal | - | - | - | $10,732 |
| Office Expenses | - | - | - | $7,092 |
| Other Expenses | - | - | - | $2,039 |
| Total Functional Expenses | $0 | $0 | $0 | $2,181,564 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $2,386,386 |
| Expenses per Audited Statements | $2,181,564 |
| Total Expenses per Form 990 | $2,181,564 |
| Expenses Not Reported on Form 990 | $204,822 |
| Expenses Not Reported on Financial Statements | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Pike University | Memphis, TN | 501(c)(3) | Health and Safety Education Grant | $100,500 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Estimated Claims Payable | $297,226 |
| Premiums Payable | $148,982 |
| Deposits | $13,535 |
“The 990 is reviewed by the ceo and key accounting personnel.”
“The conflict of interest policy is reviewed and revisited during each election cycle. (every two years). There is an on-going discussion and education regarding conflict of interest issues.”
“The organization's governing documents, financial statements and conflict of interest policy are available upon request.”
“Bank service fees 126. Contracted services 225,700. Insurance programs and inspection fees 7,024.”
“JRFCO INCOME 1,870.”
“The organization did not change its oversight process or selection process during the year.”
“Raf, inc. Has determined that it does not have any material uncertain tax positions as of june 30, 2023.”
“RENTAL EXPENSES 204,822.”
“JRFCO INCOME -1,870.”
“RENTAL EXPENSES 204,822.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 6320 |
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| IRS990/ActivityOrMissionDesc | 0 | RAF PROVIDES LIABILITY PROTECTION AND HELPS TO FUND HEALTH AND SAFETY EDUCATION FOR NONPROFIT ORGANIZATIONS. |
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| IRS990/MissionDesc | 0 | RAF FACILITATES VARIOUS INSURANCE PROGRAMS FOR THE BENEFIT OF NONPROFIT ORGANIZATIONS AND THEIR OFFICERS THROUGHOUT NORTH AMERICA. RAF ALSO SUPPORTS THE HEALTH AND SAFETY EDUCATIONAL INITIATIVES OF VARIOUS NONPROFIT ORGANIZATIONS AS WELL AS THEIR OFFICERS, ADVISORS, AND MEMBERS. |
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| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | -1870 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 259900 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | -1870 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 2713050 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | RAF, INC. HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | RENTAL EXPENSES 204,822. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | JRFCO INCOME -1,870. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 3 | RENTAL EXPENSES 204,822. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1866388 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 2181564 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 459743 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 2711180 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 2972950 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 2386386 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 0 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 100500 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 0 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | HEALTH AND SAFETY EDUCATION GRANT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | PIKE UNIVERSITY |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 203287316 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1779 KIRBY PKWY 13890 |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | MEMPHIS |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 38138 |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 1 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | UNRELATED ORGANIZATION: OAK SERVICE CORPORATION COMPENSATION: $72,146 NON TAXABLE BENEFITS: $5,368 PERSON RECEIVING COMPENSATION: JUSTIN A. BUCK |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VII, LINE 5: |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE 990 IS REVIEWED BY THE CEO AND KEY ACCOUNTING PERSONNEL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE CONFLICT OF INTEREST POLICY IS REVIEWED AND REVISITED DURING EACH ELECTION CYCLE. (EVERY TWO YEARS). THERE IS AN ON-GOING DISCUSSION AND EDUCATION REGARDING CONFLICT OF INTEREST ISSUES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BANK SERVICE FEES 126. CONTRACTED SERVICES 225,700. INSURANCE PROGRAMS AND INSPECTION FEES 7,024. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | JRFCO INCOME 1,870. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XII, LINE 2C: |
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| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | TN |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 8413645 |
| IRS990/TotalAssetsEOYAmt | 0 | 8795054 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 8413645 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 8795054 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 250000 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 2181564 |
| IRS990/TotalGrossUBIAmt | 0 | 339588 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 738137 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 532981 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 738137 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 532981 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 7675508 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 8262073 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 2219499 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2121592 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 2711180 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 339588 |
| IRS990/TotalVolunteersCnt | 0 | 5 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 8413645 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 8795054 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 1 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1779 KIRBY PARKWAY 13310 |
| IRS990/USAddress/CityNm | 0 | MEMPHIS |
| IRS990/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990/USAddress/ZIPCd | 0 | 38138 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOHN M SILBERSTEIN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9013332776 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-06-07 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | RAF INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | RAFI |
| ReturnHeader/Filer/EIN | 0 | 203643982 |
| ReturnHeader/Filer/PhoneNum | 0 | 9013332776 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1779 KIRBY PARKWAY 13310 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MEMPHIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 38138 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 440160260 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | FORVIS MAZARS LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1715 AARON BRENNER DR SUITE 701 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MEMPHIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 38120 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9017613000 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-06-07 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.