2020-06-05T07:40:35-07:00 2019-12-31 Michael J Roberts CPA LLC 135 W Geneva St Elkhorn WI 53121 990 2019-01-01 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 2020-04-20 true Michael J Roberts P01309437 2627236497 2020-06-05 X 141.126.177.93 2020-06-05 07:40:29 PD P A7ECC901EA8B8F36B6C4D5092430A47062CB8DDF B254D82925D5275049E3C6F5E931C9ED5A09C5E8 2019 2020-09-23 17:36:50Z Thomas Terry 415 E North Water Street Apt 2705 Chicago IL 60611 5412129 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, 11 9 40 225 0 0 1119442 1967987 3178013 3399091 0 5838 45051 4303293 5412129 0 0 1641455 1946284 0 437136 2405543 2748397 4046998 4694681 256295 717448 4607584 5108139 428163 211270 4179421 4896869 See Part I, Line 1. false false 3903016 0 3387729 Teaching & education activities. 3903016 true true false false false false false false false false true false false false false false true false false false false false false false false false false false false true false false false false false true true false true false false false false true false false false true 103 0 true 40 true false false false false false true false false false false false X 11 9 true false false false false false false true true false false true true true true false false 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 27675 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 Barbara Burgess Chief Vision Realization Officer 40.00 X 121750 0 0 Jessica Lee Accountant 40.00 X 119127 0 0 588552 0 0 3 true true false 1967987 1967987 Interest Revenue on Loans 900099 11362 0 0 Program Services Revenues 900099 3110378 0 0 Graduation & application fees 611310 0 0 0 Tuition 611310 277346 0 0 Miscellaneous 900099 0 0 0 5 0 0 3399091 Gain on sale of donated stock 900099 0 0 0 0 Unrealized Gain on Donated Stock 900099 45051 45051 0 0 45051 5412129 3444142 0 0 287675 287675 0 0 1502562 1502562 0 0 156047 156047 0 0 58081 29040 29041 0 12817 6408 6409 0 35640 11880 11880 11880 88938 29646 29646 29646 132372 44124 44124 44124 255416 255416 0 0 161912 161912 0 0 87244 87244 0 0 39903 19951 19952 0 Audio Visual 26168 26168 0 0 Decorations 0 0 0 0 Entertainment 0 0 0 0 Tuition Option Fees 2050 2050 0 0 1847856 1282893 213477 351486 4694681 3903016 354529 437136 1140919 927016 521899 450577 12939 20462 27123 39395 29701 15000 748287 155050 294057 593237 416325 475160 2164621 2587292 4607584 5108139 137329 119549 290025 30568 809 61153 428163 211270 X 4179421 4896869 4179421 4896869 4607584 5108139 717448 X false true X true false X 0 0 346619 598618 840648 1119442 1967987 4873314 582896 3208951 2962456 3177475 3399092 13330870 900000 900000 0 1829515 3807569 3803104 4296917 5367079 19104184 1182661 564608 918747 1243737 2118669 6028422 7802 57625 74888 90150 242629 473094 1190463 622233 993635 1333887 2361298 6501516 12602668 0 0 0 0 0 0 0 0 0 0 19104184 0.65970 0.67720 0.00000 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 464763 32176 432587 214871 100800 114071 68653 22074 46579 593237 5412129 5412129 5412129 4679973 4679973 14708 14708 4694681 Pt XI, Line 4b Rounding. Pt XII, Line 4b Rounding. Pt XII, Line 4b Book/tax depreciation difference of $14,708. false false false false false false false false false Dr Judith Wright 2600000 0 0 0 0 0 0 0 0 0 2600000 0 0 0 The Center Inc See Schedule L Part V 177700 Taxpayer paid rents false Wright Business Inc See Schedule L Part V 90000 Taxpayer paid consulting expenses false Arthur Silver Arthur is current Director 213785 See Part V false Arthur Silver Arthur is current Director 0 See Part V false Don Denise Delves Don is current Director 56003 See Part V false Lyons Consulting Group See Part V 0 See Part V false John Jacki Davidoff John-director, married to Jacki 80148 See Part V false Scott Jennifer Stephen Scott is current director 65145 See Part V false Karen Wilson-Smithbauer Karen is current director 20500 See Part V false Tom Karen Terry Tom is current director 42713 See Part V false Richard Gertrude Lyons Rich is current director 55170 See Part V false Stan Smith Stan is current director 28781 See Part V false Dave Stamm Dave is current director 10000 See Part V false Terry Group See Part V 24371 See Part V false Davidoff Strategy See Part V 10833 See Part V false Sahar Malik See Part V 35046 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 line 6 Richard Lyons, a current Director, is the CEO & President of Lyons Consulting Group. Part IV lines 3 through 16, column d Taxpayer received donations and program service revenues. Part IV line 14, column d Tom Terry, a current Director, is the CEO of the Terry Group. Part IV line 15, column d John Davidoff, a current Director, is the owner of Davidoff Strategy. X 2 213785 Fair market value false false true Pt I Line 32b Schedule M line 32a: Taxpayer received the donation of Fidelity and DFA US Large Cap Value Portfolio Institutional 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. Form 990, Part IX, Line 24e Bad Debt 1308. 1308. 0. 0. Form 990, Part IX, Line 24e Software Leases 14000. 14000. 0. 0. Form 990, Part IX, Line 24e Website 7982. 2661. 2661. 2660. Form 990, Part IX, Line 24e Donations & gifts 20538. 6846. 6846. 6846. Form 990, Part IX, Line 24e Accreditation and State Licensure 38403. 38403. 0. 0. Form 990, Part IX, Line 24e Educational Consulting 2408. 2408. 0. 0. Form 990, Part IX, Line 24e Curriculum Development 3100. 3100. 0. 0. Form 990, Part IX, Line 24e Title IV Servicing 7195. 7195. 0. 0. Form 990, Part IX, Line 24e Repairs & Maintenance 65370. 21790. 21790. 21790. Form 990, Part IX, Line 24e Mentoring Fees 0. 0. 0. 0. Form 990, Part IX, Line 24e Chancellor Salary 60000. 60000. 0. 0. Form 990, Part IX, Line 24e Faculty Salaries 59077. 59077. 0. 0. Form 990, Part IX, Line 24e Health Insurance 199084. 199084. 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 45500. 45500. 0. 0. Form 990, Part IX, Line 24e Licenses & Fees 4030. 1344. 1343. 1343. Form 990, Part IX, Line 24e Miscellaneous 19030. 6343. 6344. 6343. Form 990, Part IX, Line 24e Outside Contract Services 164575. 54859. 54858. 54858. Form 990, Part IX, Line 24e Computer & Internet 160555. 53518. 53519. 53518. Form 990, Part IX, Line 24e Merchant Processing Fee 85999. 28666. 28666. 28667. Form 990, Part IX, Line 24e Bank Service Charges 890. 445. 445. 0. Form 990, Part IX, Line 24e Books, Dues & Subscriptions 68523. 68523. 0. 0. Form 990, Part IX, Line 24e Moving, Storage & Equipment Rental 3600. 1800. 1800. 0. Form 990, Part IX, Line 24e Telephone & Internet 90854. 30285. 30285. 30284. Form 990, Part IX, Line 24e Meals & Entertainment 1398. 466. 466. 466. Form 990, Part IX, Line 24e Other Program Expense 85741. 85741. 0. 0. Form 990, Part IX, Line 24e Automobile Expense 10536. 10536. 0. 0. Form 990, Part IX, Line 24e Vehicle Lease Expense 47079. 47079. 0. 0. Form 990, Part IX, Line 24e Utilities 13361. 4454. 4454. 4453. Form 990, Part IX, Line 24e Taxes 0. 0. 0. 0. Form 990, Part IX, Line 24e Fundraising 140258. 0. 0. 140258. Form 990, Part IX, Line 24e Program Supples, Meals & Expenses 164778. 164778. 0. 0. Form 990, Part IX, Line 24e Payroll Processing Fees 6927. 6927. 0. 0. Form 990, Part IX, Line 24e Work Study & Fellowship 113811. 113811. 0. 0. Form 990, Part IX, Line 24e Human Resource Expenses 51946. 51946. 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 Property Taxes 0. 0. 0. 0. Form 990, Part IX, Line 24e Transfer Loss 0. 0. 0. 0. Form 990, Part IX, Line 24e Book/tax difference depreciation 0. 0. 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 27123 Per invoice Wright Graduate Institute d 0 Per invoice The Center Inc d 12272 Per invoice The Center Inc e 0 Per invoice The Center Inc k 177700 Per invoice Wright Business Inc l 90000 Per invoice The Center Inc p 0 Per invoice Wright Business Inc p 0 Per invoice