2022-07-01T08:30:56-07:00 2021-12-31 461704682 Michael J Roberts CPA LLC 135 W Geneva St Elkhorn WI 53121 990 2021-01-01 208991580 Foundation for the Realization of Human Potential NFP FOUN 3126458300 445 East Ohio St Chicago IL 60611 Thomas Terry Chairman of the Board 3126458300 2022-04-22 true Thomas Terry XXX-XX-XXXX Michael J Roberts P01309437 2627236497 2022-07-01 X 3 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Thomas Terry 415 E North Water Street Apt 2705 Chicago IL 60611 5725099 false X http://www.wrightfoundation.org/ X 2007 IL Foundation for the Realization of Human Potential, NFP is organized for exclusively religious, charitable, educational and scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986 or the corresponding provision of any future United States Internal Revenue Law, 13 11 32 225 0 0 2095431 2258197 3400261 3328215 0 115287 138687 5610979 5725099 36819 20900 0 2160651 2089835 0 441746 2485831 3402330 4683301 5513065 927678 212034 6340768 6540045 516221 170214 5824547 6369831 See Part I, Line 1. false false 4514536 404901 2914089 Teaching & education activities. 4514536 true true false false false false false false false false true false false false true false true false false false false false false false false false false false true true false false false false false true true false true false false false false true false false false true 31 0 true 32 true false false false false false false false false false false X 13 11 true false false false false false false true true false false true true true true false true true true false IL X Kelly Shingleton 3126458300 445 E Ohio St Suite 400 Chicago IL 60611 Thomas Terry Chairman of the Board 1.00 X X 0 0 0 Dr Stan Smith Treasurer 1.00 X X 0 0 0 John Davidoff Secretary 1.00 X X 0 0 0 Rich Lyons Director 1.00 X 0 0 0 Karen Wilson Smithbauer Director 1.00 X 0 0 0 Dr Judith Wright President & Director 40.00 X 260000 0 0 Dr Robert Wright CEO & Director 40.00 X 71892 0 0 Dr Michael Zwell Chancellor and Faculty 40.00 X 60000 0 0 Scott Stephen Director 1.00 X 0 0 0 Dave Stamm Director 1.00 X 0 0 0 Don Delves Director 1.00 X 0 0 0 Sahar Malik Director 1.00 X 0 0 0 Pam Noble Director 1.00 X 0 0 0 Alison Denton Director 1.00 X 0 0 0 Beryl Stromsta Senior Coach 40.00 X 99208 0 0 Barbara Burgess Chief Vision Realization Officer 40.00 X 169000 0 0 Kate Holmquest Campus Director 40.00 X 109560 0 0 769660 0 0 3 false true false Sequence Consulting 141 W Jackson Blvd Ste 3336 Chicago IL 60604 Consulting 117500 1 2258197 2258197 Interest Revenue on Loans 900099 9225 0 0 Program Services Revenues 900099 2567860 0 0 Graduation & application fees 611310 0 0 0 Tuition 611310 346229 0 0 Miscellaneous 900099 0 0 0 404901 0 0 3328215 Gain on sale of donated stock 900099 0 0 0 0 Unrealized Gain on Donated Stock 900099 129187 129187 0 0 Transfer gain 900099 0 0 0 0 9500 9500 0 0 138687 5725099 3466902 0 0 20900 20900 391892 391892 0 0 1653154 1653154 0 0 44789 44789 0 0 10276 5138 5138 0 19099 9549 9550 0 208570 69523 69524 69523 483038 161012 161013 161013 38986 18713 18714 1559 353428 353428 0 0 18900 18900 0 0 116524 116524 0 0 46026 23013 23013 0 Audio Visual 135 135 0 0 Decorations 0 0 0 0 Entertainment 0 0 0 0 Tuition Option Fees 1535 1535 0 0 2105813 1626331 269831 209651 5513065 4514536 556783 441746 1892174 1117346 405898 372633 20583 21738 44331 32159 3000 0 820709 330949 560081 489760 745449 1840270 2669252 2666139 6340768 6540045 62057 82085 71381 60469 39533 17660 343250 10000 516221 170214 X 5824547 6306281 63550 5824547 6369831 6340768 6540045 X 212034 333250 X false true X true false X 0 0 840648 1119442 1967987 2134869 2663098 8726044 2962456 3177475 3399092 3360823 2923314 15823160 0 0 3803104 4296917 5367079 5495692 5586412 24549204 918747 1243737 2118669 2206517 2395968 8883638 74888 90150 242629 0 14708 422375 993635 1333887 2361298 2206517 2410676 9306013 15243191 0 0 0 0 0 0 24549204 0.62090 0.66990 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 513214 110598 402616 238842 169718 69124 68653 50633 18020 489760 SBA EIDL Loan 10000 SBA PPP Loan 0 10000 6058349 333250 333250 5725099 5725099 5513065 5513065 5513065 Pt XI, Line 4b Rounding. Pt XII, Line 4b Rounding. Pt XI, Line 2d Nontaxable forgiveness of PPP loan. true CARES Act grant Section 18004(a)(3), federal financial aid to students 0 0 0 n/a n/a CARES Act grant Section 18004(a)(1), federal financial aid to students 21 20800 0 n/a n/a false false false false false false false false false Dr Judith Wright 260000 0 0 0 0 0 0 0 0 0 260000 0 0 0 Barbara Burgess 169000 0 0 0 0 0 0 0 0 0 169000 0 0 0 The Center Inc See Schedule L Part V 176400 Taxpayer paid rents false Wright Business Inc See Schedule L Part V 90000 Taxpayer paid consulting expenses false Arthur Silver Arthur is current Director 0 See Part V false Arthur Silver Arthur is current Director 0 See Part V false Don Denise Delves Don is current Director 43879 See Part V false John Jacki Davidoff John-director, married to Jacki 56202 See Part V false Scott Jennifer Stephen Scott is current director 0 See Part V false Karen Wilson-Smithbauer Karen is current director 333 See Part V false Tom Karen Terry Tom is current director 44975 See Part V false Richard Gertrude Lyons Rich is current director 1241574 See Part V false Stan Smith Stan is current director 23138 See Part V false Dave Stamm Dave is current director 0 See Part V false Terry Group See Part V 30250 See Part V false Davidoff Strategy See Part V 20000 See Part V false Sahar Malik Sahar is current director 0 See Part V false Alison Denton Alison is current director 15575 See Part V false Pam Noble Pam is current director 16382 See Part V false Lyons Consulting Group Dave is current director 3660 See Part V false Zwell International Inc See Part V 0 Taxpayer paid 1099-NEC compensation false Rachel Zwell See Part V 9925 Taxpayer paid W2 compensation false Lyons Charitable Fund Rich is current director 900000 See Part V false Part IV line 1 Taxpayer paid rents to The Center Inc. Taxpayer's President & CEO are The Center Inc.'s shareholders. Part IV line 2 Taxpayer paid consulting fees to Wright Business Inc. Taxpayer's President and CEO are Wright Business Inc.'s shareholders. Part IV lines 3 through 20, column d Taxpayer received donations, tuition and program service revenues. Part IV line 13, column d Tom Terry, a current Director, is the CEO of the Terry Group. Part IV line 14, column d John Davidoff, a current Director, is the owner of Davidoff Strategy. Part IV lines 18 and 21, column d Rich Lyons, a current Director, is the owner of Lyons Consulting Group and Lyons Charitable Fund. Part IV line 19, column b Michael Zwell, Chancellor, owns Zwell International Inc. Part IV line 20, column b Rachel Zwell is the daughter of Michael Zwell, the Chancellor. X 61 965633 Fair market value false false true Pt I Line 32b Schedule M line 32a: Taxpayer received the donation of Fidelity securities into Taxpayer's Fidelity account. Pt VI, Line 11b The Chairman of the Board and the Treasurer will review Form 990 to ensure accuracy. The Board will receive a copy of the 990 before filing. Pt VI, Line 19 Taxpayer will make its governing documents and finanicial documents available upon request. Pt VI, Line 15a There are compensation agreements in place, & the Board reviews compensation. Pt VI, Line 15b There are compensation agreements in place, & the Board reviews compensation. Pt VI, Line 2 Karen Wilson Smithbauer (Board Member) is the mother of another Board member (Rich Lyons). The President, Judith Wright, is the wife of the CEO, Robert Wright. Pt VI, Line 12c The person with a conflict of interest has a duty to disclose such interest, after which the remaining board or committee members take appropriate action as referenced in Section 3 of the organization's Bylaws. If the governing board or committee believes a conflict of interest exists that has not been disclosed (as referenced in Section 4 of the organization's Bylaws), the appropriate board or committee discusses the issue with the individual, and takes appropriate disciplinary and corrective action as necessary. Pt XI Line 9 is $333,250 nontaxable PPP loan forgiveness. Form 990, Part IX, Line 24e Bad Debt 4827. 4827. 0. 0. Form 990, Part IX, Line 24e Software Leases 10000. 10000. 0. 0. Form 990, Part IX, Line 24e Website 0. 0. 0. 0. Form 990, Part IX, Line 24e Donations & gifts 10488. 3496. 3496. 3496. Form 990, Part IX, Line 24e Accreditation and State Licensure 15271. 15271. 0. 0. Form 990, Part IX, Line 24e Educational Consulting 222182. 222182. 0. 0. Form 990, Part IX, Line 24e Curriculum Development 46206. 46206. 0. 0. Form 990, Part IX, Line 24e Title IV Servicing 12165. 12165. 0. 0. Form 990, Part IX, Line 24e Repairs & Maintenance 26197. 13098. 13099. 0. Form 990, Part IX, Line 24e Mentoring Fees 0. 0. 0. 0. Form 990, Part IX, Line 24e Faculty Salaries 160759. 160759. 0. 0. Form 990, Part IX, Line 24e Health Insurance 210046. 210046. 0. 0. Form 990, Part IX, Line 24e Consulting: Wright Business, Inc. 90000. 90000. 0. 0. Form 990, Part IX, Line 24e Consulting: Non-Related Parties 0. 0. 0. 0. Form 990, Part IX, Line 24e Licenses & Fees 11924. 3975. 3975. 3974. Form 990, Part IX, Line 24e Miscellaneous 1683. 561. 561. 561. Form 990, Part IX, Line 24e Outside Contract Services 234346. 117173. 117173. 0. Form 990, Part IX, Line 24e Computer & Internet 159173. 79586. 79587. 0. Form 990, Part IX, Line 24e Merchant Processing Fee 82032. 27344. 27344. 27344. Form 990, Part IX, Line 24e Bank Service Charges 1725. 1725. 0. 0. Form 990, Part IX, Line 24e Books, Dues & Subscriptions 41679. 41679. 0. 0. Form 990, Part IX, Line 24e Moving, Storage & Equipment Rental 0. 0. 0. 0. Form 990, Part IX, Line 24e Telephone & Internet 58277. 19426. 19426. 19425. Form 990, Part IX, Line 24e Other Program Expense 12493. 12493. 0. 0. Form 990, Part IX, Line 24e Automobile Expense 4775. 4775. 0. 0. Form 990, Part IX, Line 24e Vehicle Lease Expense 1636. 0. 1636. 0. Form 990, Part IX, Line 24e Utilities 10600. 3533. 3534. 3533. Form 990, Part IX, Line 24e Taxes 0. 0. 0. 0. Form 990, Part IX, Line 24e Fundraising 151318. 0. 0. 151318. Form 990, Part IX, Line 24e Program Supples, Meals & Expenses 49504. 49504. 0. 0. Form 990, Part IX, Line 24e Payroll Processing Fees 0. 0. 0. 0. Form 990, Part IX, Line 24e Work Study & Fellowship 92506. 92506. 0. 0. Form 990, Part IX, Line 24e Human Resource Expenses 0. 0. 0. 0. Form 990, Part IX, Line 24e Employee Training & Development 0. 0. 0. 0. Form 990, Part IX, Line 24e Graduation Expenses 0. 0. 0. 0. Form 990, Part IX, Line 24e Other NonCredit Expenses 0. 0. 0. 0. Form 990, Part IX, Line 24e Book/tax difference depreciation 0. 0. 0. 0. Form 990, Part IX, Line 24e CARES act grant Section 18004(a)(1) institutional relief 0. 0. 0. 0. Form 990, Part IX, Line 24e CARES act grant equipment 384001. 384001. 0. 0. Wright Business Inc 445 E Ohio St Suite 400 Chicago IL 60611 454293970 IL NA S 1.00000 false The Center Inc N7698 County Highway H Elkhorn WI 53121 391832022 WI NA S 1.00000 false false false false true true false false false false false true true false false false true false false false Wright Business Inc d 15151 Per invoice The Center Inc d 17008 Per invoice The Center Inc e 0 Per invoice The Center Inc k 176400 Per invoice Wright Business Inc l 90000 Per invoice The Center Inc p 0 Per invoice Wright Business Inc p 0 Per invoice