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Nonprofiteer
← RAF INC

Form 990 for tax year 2024

Filed by RAF INC.

Totals

Total revenue
$3,202,801
Total expenses
$1,698,159
Contributions and grants received
$0
Grants paid
$94,000
Program service revenue
$2,541,281
Investment income
$568,560
Other revenue
$92,960
Total assets, end of year
$10,933,807
Total liabilities, end of year
$377,939
Net assets or fund balances, end of year
$10,555,868
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: JRFCO Income

    total $144,935 · unrelated business $144,935

  • 2b · Program service revenue: Liability Program Assessments

    total $2,063,175 · related or exempt $2,063,175

  • 2c · Program service revenue: Property Premiums

    total $333,171 · related or exempt $333,171

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $366,589 · related or exempt $227,799 · unrelated business $138,790

  • 6a · Gross rents

    real property $232,200

  • 6b · Less rental expenses

    real property $193,017

  • 6c · Rental income or loss

    real property $39,183 · personal property $0

  • 6d · Net rental income or loss

    total $39,183 · related or exempt $39,183

  • 7a · Gross sales of assets other than inventory

    securities $201,971

  • 7c · Gain or loss

    securities $201,971 · other assets $0

  • 7d · Net gain or loss

    total $201,971 · unrelated business $201,971

  • 11a · Other revenue: MISCELLANEOUS

    total $53,777 · related or exempt $53,777

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $53,777

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $94,000

  • 11b · Fees: legal

    total $4,242

  • 11c · Fees: accounting

    total $12,190

  • 11g · Fees: other

    total $278,273

  • 13 · Office expenses

    total $4,785

  • 23 · Insurance

    total $378,800

  • 24a · Other expenses: Education

    total $736,004

  • 24b · Other expenses: Property Claims

    total $172,293

  • 24c · Other expenses: Liability Claims

    total $12,359

  • 24d · Other expenses: Miscellaneous

    total $5,213

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $233,008 · end of year $2,179,680

  • 4 · Accounts receivable

    beginning of year $11,649 · end of year $79,855

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $5,875 · end of year $63,600

  • 9 · Prepaid expenses and deferred charges

    end of year $6,300

  • 10a · Land, buildings and equipment: cost or other basis

    $2,573,804

  • 10b · Land, buildings and equipment: accumulated depreciation

    $879,725

  • 10c · Land, buildings and equipment, net

    beginning of year $1,778,003 · end of year $1,694,079

  • 11 · Investments: publicly traded securities

    beginning of year $4,090,023 · end of year $4,112,336

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $271,098 · end of year $271,098

  • 15 · Other assets

    beginning of year $3,087,243 · end of year $2,526,859

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,797 · end of year $127,801

  • 19 · Deferred revenue

    end of year $2,423

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $418,532 · end of year $247,715

  • 27 · Net assets without donor restrictions

    beginning of year $9,042,570 · end of year $10,555,868

Mission and programs · 2024

Mission

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.

Activities or mission (Part I)

RAF PROVIDES LIABILITY PROTECTION AND HELPS TO FUND HEALTH AND SAFETY EDUCATION FOR NONPROFIT ORGANIZATIONS.

  • provide funding for EDUCATIONAL programming and resources and provide grants to pike university, inc.

  • FACILITATE VARIOUS INSURANCE PROGRAMS FOR THE BENEFIT OF PARTICIPATING NONPROFIT ORGANIZATIONS AND THEIR OFFICERS AND ADVISORS.

As filed on the 2024 return.

Listed in Part VII

  • John M Silberstein

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Thomas A Uebler

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mark A Robertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael McMillan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas J Olsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin A Buck

    CEO/SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part III SCHEDULE J, PART III - FORM 990, PART VII, SECTION A, LINE 5
UNRELATED ORGANIZATION: OAK SERVICE CORPORATION COMPENSATION: PERSON RECEIVING COMPENSATION: JUSTIN A. BUCK SALARY: $74,198 NON TAXABLE BENEFITS: $3,782

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
21 April 2026
IRS schema version
2024v5.1
Source object
202631119349301708

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