FRANK AND BETTY WRIGHT FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- FRANK AND BETTY WRIGHT FOUNDATION INC (EIN 52-1041780)
- Tax period
- 2019-09-01 to 2020-08-31
- Filed
- 2021-07-13
- IRS object ID
- 202131949349100913
- Schema version
- 2019v5.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Compensation Explanation
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-07-13T12:43:36-05:00 | ReturnTs |
| Tax Period End | 2020-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 520954153 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MENDELSON & MENDELSON CPA'S A PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12505 PARK POTOMAC AVE STE 250 | AddressLine1Txt |
| City | POTOMAC | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 208546805 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521041780 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANK & BETTY WRIGHT FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FRAN | BusinessNameControlTxt |
| Phone | 3016560001 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12505 PARK POTOMAC AVE STE 250 | AddressLine1Txt |
| City | POTOMAC | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20854 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRAD L MENDELSON | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 3016560001 | PhoneNum |
| Signature | 2021-06-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EDWARD C CRAWFORD CPA | PreparerPersonNm |
| PTIN | P01275504 | PTIN |
| Phone | 3016560001 | PhoneNum |
| Preparation | 2021-06-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $16,489,273 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $103 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $103 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $298,592 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $298,592 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $194,065 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,990,446 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $194,065 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $59,307 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $59,307 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $552,067 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $552,067 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $42,500 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $42,500 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $3,791 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $3,707 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $1,825 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $1,825 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $53,803 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $53,803 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $198,460 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $179,892 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $18,568 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $19,018 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $318 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $8,100 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $8,100 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $327,497 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $180,210 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $128,503 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $600,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $600,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $927,497 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $180,210 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $728,503 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$375,430 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $371,857 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $437,655 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $257,797 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $257,797 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $393,835 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $529,150 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $566,775 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $10,910,531 | CorporateStockBOYAmt |
| Corporate Stock EOY | $10,830,624 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,900,454 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,081,387 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,643,261 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,713,794 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,107,793 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,141,767 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,050,453 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $14,931,201 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,402,599 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $16,489,273 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $14,931,201 | RetainedEarningBOYAmt |
| Retained Earning EOY | $14,402,599 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $14,931,201 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $14,402,599 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,931,201 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $14,402,599 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $14,931,201 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$375,430 | ExcessRevenueOverExpensesAmt |
| Subtotal | $14,555,771 | SubtotalAmt |
| Other Decreases | $153,172 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $14,402,599 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| UBS SALES | P | 2019-08-01 | 2020-07-15 | $1,385,102 | $1,418,092 | -$32,990 | -$32,990 |
| UBS SALES | P | 2019-08-01 | 2020-08-30 | $2,428,899 | $2,378,289 | $50,610 | $50,610 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $194,065 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $963,652 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $14,564,546 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.066164 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $452,729 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $14,879,853 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.030426 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $164,365 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $3,243,201 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.050680 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $150,000 | AdjustedQlfyDistriYr4Amt |
| Adjusted Qlfy Distri Yr5 | $34,375 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,693 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 20.304194 | DistributionYr5Rt |
| Total Distribution | 20.451464 | TotalDistributionRt |
| Average Distribution | 5.112866 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $14,860,110 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $75,977,751 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,719 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $75,981,470 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $728,503 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,437 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $7,437 | SubtotalAmt |
| Tax Based On Investment Income | $7,437 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $21,982 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $21,982 | TotalPaymentsAndCreditsAmt |
| Overpayment | $14,545 | OverpaymentAmt |
| Applied To ES Tax | $14,545 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MENDELSON & MENDELSON CPA'S | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3016560001 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12505 PARK POTOMAC AVENUE SUITE 250 | AddressLine1Txt |
| City | POTOMAC | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20854 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| JAMES EPSTEIN | |||||||||
| 12505 PARK POTOMAC AVE | SUITE 250 | POTOMAC | MD | 20854 | PRESIDENT | 8.00 | $20,000 | $0 | $0 |
| BRAD L MENDELSON | |||||||||
| 12505 PARK POTOMAC AVENUE | SUITE 250 | POTOMAC | MD | 20854 | TREASURER | 8.00 | $20,000 | $0 | $0 |
| JUANITA ILLERA | |||||||||
| 12505 PARK POTOMAC AVENUE | SUITE 250 | POTOMAC | MD | 20854 | SECRETARY | 1.00 | $2,500 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MENDELSON & MENDELSON CPA'S A PC | |||||
| 12505 PARK POTOMAC AVENUE SUITE 250 | POTOMAC | MD | 20854 | ACCTG/INV MGMT | $103,796 |
| JRE ADVISORY LLC | |||||
| 21 DUPONT CIRCLE NW SUITE 410 | WASHINGTON | DC | 20036 | INVESTMENT MGMT | $61,163 |
| USB FINANCIAL SERVICES | |||||
| 7700 WISCONSIN AVENUE SUITE 300 | BETHESDA | MD | 20814 | INVESTMENT MGMT | $57,884 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $13,680,351 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $331,420 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,074,635 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,086,406 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $15,086,406 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $226,296 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $14,860,110 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $743,006 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $743,006 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,437 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,437 | TotalTaxAmt |
| Distributable Before Adj | $735,569 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $735,569 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $735,569 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $728,503 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $728,503 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $728,503 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $735,569 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr1 | $18,098 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $18,098 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $728,503 | QualifyingDistributionsAmt |
| Applied To Current Year | $728,503 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $7,066 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $7,066 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $11,032 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $11,032 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $11,032 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CAMPAGNA CENTER INC | |||||||
| 418 S WASHINGTON STREET | ALEXANDRIA | VA | 22314 | N/A | PC | LITERACY TUTORING/MENTORING PROGRAM | $112,500 |
| CAMPAGNA CENTER INC | |||||||
| 418 S WASHINGTON STREET | ALEXANDRIA | VA | 22314 | N/A | PC | ASSESSMENT CONSULTANT | $100,000 |
| CAMPAGNA CENTER INC | |||||||
| 418 S WASHINGTON STREET | ALEXANDRIA | VA | 22314 | N/A | PC | WRIGHT TO READ COVID RESPONSE | $11,000 |
| CAMPAGNA CENTER INC | |||||||
| 418 S WASHINGTON STREET | ALEXANDRIA | VA | 22314 | N/A | PC | GENERAL SUPPORT | $90,000 |
| ACT FOR ALEXANDRIA | |||||||
| 201 N UNION ST STE 110 | ALEXANDRIA | VA | 22314 | N/A | PC | COVID RESPONSE NEEDS | $100,000 |
| ACT FOR ALEXANDRIA | |||||||
| 201 N UNION ST STE 110 | ALEXANDRIA | VA | 22314 | N/A | PC | PARTNERSHIP FOR HEALTHIER ALEXANDRIA | $20,000 |
| ACT FOR ALEXANDRIA | |||||||
| 201 N UNION ST STE 110 | ALEXANDRIA | VA | 22314 | N/A | PC | OUT OF SCHOOL TIME COORDINATOR | $76,500 |
| ACT FOR ALEXANDRIA | |||||||
| 201 N UNION ST STE 110 | ALEXANDRIA | VA | 22314 | N/A | PC | ACT NOW | $20,000 |
| ACT FOR AXEXANDRIA | |||||||
| 201 N UNION ST STE 110 | ALEXANDRIA | VA | 22314 | N/A | PC | SMART BEG EARLY CHILDHOOD EDUCATION | $35,000 |
| UNITED STATES DEPARTMENT OF STATE | |||||||
| 2201 C ST NW M/FA RM 8213 | WASHINGTON | DC | 20520 | N/A | PC | DRR'S DECLARTION OF LEARNING PROGRAM | $35,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $600,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $103 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $298,592 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $59,307 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $194,065 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $552,067 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $552,067 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GENERAL CONSULTATIONS | CategoryTxt |
| Amt | $53,803 | Amt |
| Disbursements Charitable Prps | $53,803 | DisbursementsCharitablePrpsAmt |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (2 entries)
| Short ExplanationShortExplanationTxt |
|---|
| JAMES EPSTEIN |
| JAMES EPSTEIN, PRESIDENT/DIRECTOR OF FRANK AND BETTY WRIGHT FOUNDATION INC. (THE "FOUNDATION"), IS AN OWNER AT THE ADVISORY FIRM JRE ADVISORY, LLC A DISQUALIFIED PERSON WHICH PROVIDES INVESTMENT ADVISORY SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING AUGUST 31, THE FOUNDATION PAID 61,163 FOR INVESTMENT ADVISORY SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16C. SUCH ADVISORY FIRM BILLED THE FOUNDATION AT THE SAME RATE OR BELOW THE RATE IT CHARGES OTHER CLIENTS. |
| BRAD L MENDELSON |
| BRAD L. MENDELSON, TREASUER/DIRECTOR OF FRANK AND BETTY WRIGHT FOUNDATION INC. (THE "FOUNDATION"), IS AN OWNER AT THE ACCOUNTING FIRM MENDELSON AND MENDELSON, CPA'S A P.C., A DISQUALIFIED PERSON WHICH PROVIDES ACCOUNTING AND INVESTMENT ADVISORY SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING AUGUST 31, THE FOUNDATION PAID 44,458 FOR ACCOUNTING SERVICES AND 61,163 FOR INVESTMENT ADVISORY SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF PART I, LINES 16B AND 16C. SUCH ACCOUNTING FIRM BILLED THE FOUNDATION AT THE SAME RATE OR BELOW THE RATE IT CHARGES OTHER CLIENTS. |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (4 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| UBS NON-STRUCTURED | ||
| UBS HY BOND | $768,425 | $806,623 |
| UBS CORP | $636,667 | $645,171 |
| UBS CORE | $238,169 | $262,000 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| UBS NON STRUCTURED | $8,620,753 | $10,557,787 |
| UBS CORE | $659,089 | $682,855 |
| UBS LC VALUE | $829,521 | $988,598 |
| UBS MID CAP | $721,261 | $671,214 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $529,150 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $566,775 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | UBS NON-STRUCTURED | CategoryOrItemTxt |
| Book Value | $1,141,767 | BookValueAmt |
| EOYFMV | $1,050,453 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legal Fees | $1,825 | LegalFeesAmt |
| Disbursements Charitable Prps | $1,825 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR YEAR BASIS CORRECTION | Desc |
| Amt | $153,172 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| EXPENSES | ||
| INDEMNIFICATION INSURANCE | $7,555 | $7,555 |
| PAYROLL FEES | $545 | $545 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| AUCTION PROCEEDS | $1,191 | $1,191 |
| MISCELLANEOUS INVESTMENT INC | $58,116 | $58,116 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT SERVICES | $122,326 | $122,326 | |
| PHILANTHROPIC CONSULTING SERVICE | $18,568 | $18,568 | |
| UBS INVESTMENT FEES | $57,566 | $57,566 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 900-PF ESTIMATED TAXES | $18,700 | |
| FOREIGN TAXES 58226 | $318 | $318 |
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