FOUNDATION FOR THE REALIZATION OF HUMAN POTENTIAL NFP: Form 990, tax year 2015
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- Organization
- FOUNDATION FOR THE REALIZATION OF HUMAN POTENTIAL NFP (EIN 20-8991580)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-08-12
- IRS object ID
- 201602259349301440
- Schema version
- 2015v2.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-08-12T07:38:26-07:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Michael J Roberts CPA LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 135 W Geneva St | AddressLine1Txt |
| City | Elkhorn | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53121 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208991580 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation for the Realization of Human Potential NFP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOUN | BusinessNameControlTxt |
| Phone | 3126458300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 445 East Ohio St | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TOM TERRY | PersonNm |
| Person Title | CHAIRMAN OF THE BOARD | PersonTitleTxt |
| Phone | 3126458300 | PhoneNum |
| Signature | 2016-04-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL J ROBERTS | PreparerPersonNm |
| Phone | 2627236497 | PhoneNum |
| Preparation | 2016-08-12 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-12-15 16:53:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TOM TERRY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 415 E North Water Street Apt 2705 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,832,015 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.transformleadership.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2007 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | To award up to 100% of tuition assistance for indiviudals pursuing educational opportunities at the Wright Graduate Institute Inc. The Foundation also offers Master of Arts and Doctorate of Education degrees through the Wright Graduate University. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 150 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $492,407 | PYContributionsGrantsAmt |
| CY Contributions Grants | $338,619 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $297,479 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $514,973 | CYProgramServiceRevenueAmt |
| PY Investment Income | $767 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $10,170 | PYOtherRevenueAmt |
| CY Other Revenue | $975,923 | CYOtherRevenueAmt |
| PY Total Revenue | $800,823 | PYTotalRevenueAmt |
| CY Total Revenue | $1,829,515 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $95,435 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $839,631 | PYOtherExpensesAmt |
| CY Other Expenses | $822,118 | CYOtherExpensesAmt |
| PY Total Expenses | $839,631 | PYTotalExpensesAmt |
| CY Total Expenses | $822,118 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$38,808 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,007,397 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,642,722 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,861,293 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $928,751 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $139,926 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,713,971 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,721,367 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To award up to 100% of tuition | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $417,809 | ExpenseAmt |
| Revenue | $491,827 | RevenueAmt |
| Desc | TEACHING & GRADUATION ACTIVITIES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $25,666 | ExpenseAmt |
| Revenue | $41,497 | RevenueAmt |
| Desc | CONDUCT DECEMBER 2, 2015 FUNDRAISER. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,500 | ExpenseAmt |
| Revenue | $10,500 | RevenueAmt |
| Desc | CONDUCT ANNUAL SUPERBOWL RAFFLE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $445,975 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | Yes (true) | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | false | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHUCK MUNRO | PersonNm |
| Phone | 3126458300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 445 E Ohio St | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| THOMAS TERRY | ||||||
| Chairman of the Board | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DR STAN SMITH | ||||||
| Treasurer | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOHN DAVIDOFF | ||||||
| Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| RICH LYONS | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KAREN WILSON SMITHBAUER | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DR JUDITH WRIGHT | ||||||
| President | 8.00 | Yes (X) | $0 | $120,900 | $0 | |
| DR ROBERT WRIGHT | ||||||
| CEO | 8.00 | Yes (X) | $0 | $120,900 | $0 | |
| DR MICHAEL ZWELL | ||||||
| Chancellor and Faculty | 15.00 | Yes (X) | $0 | $0 | $0 | |
| ARTHUR SILVER | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SCOTT STEPHEN | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Reportable Comp Rltd Org | $241,800 | TotReportableCompRltdOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $338,619 | AllOtherContributionsAmt |
| Noncash Contributions | $5,412 | NoncashContributionsAmt |
| Total Contributions | $338,619 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt |
|---|---|---|
| Interest Revenue on Loans | 900099 | $23,146 |
| Awards Dinner | 900099 | |
| Symposium | 900099 | |
| Tuition | 611600 | $331,672 |
| Graduation & application fees | 611710 | $403 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $159,752 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $514,973 | TotalProgramServiceRevenueAmt |
| Gaming Gross Income | $10,500 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $2,500 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,000 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Extraordinary Income: Forgiveness of WGI Inc. Note | 900099 | $900,000 | $900,000 |
| Management Fees | 900099 | $67,353 | $67,353 |
| Miscellaneous | 900099 | $570 | $570 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $967,923 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,829,515 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,490,896 | RelatedOrExemptFuncIncomeAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,973 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $118,973 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,735 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $10,735 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,837 | TotalAmt |
| Program Services | $13,419 | ProgramServicesAmt |
| Management And General | $13,418 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,669 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $2,335 | ManagementAndGeneralAmt |
| Fundraising | $2,334 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,400 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $60,400 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,634 | TotalAmt |
| Program Services | $5,634 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,354 | TotalAmt |
| Program Services | $31,354 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,817 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $1,817 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Audio Visual | $932 | $932 | $0 | $0 |
| Decorations | $0 | $0 | $0 | $0 |
| Entertainment | $0 | $0 | $0 | $0 |
| Tuition Option Fees | $4,419 | $4,419 | $0 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $556,348 | TotalAmt |
| Program Services | $390,217 | ProgramServicesAmt |
| Management And General | $73,030 | ManagementAndGeneralAmt |
| Fundraising | $93,101 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $822,118 | TotalAmt |
| Program Services | $445,975 | ProgramServicesAmt |
| Management And General | $280,708 | ManagementAndGeneralAmt |
| Fundraising | $95,435 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,861 | BOYAmt |
| EOY | $362,793 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $625,690 | BOYAmt |
| EOY | $334,080 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $529,546 | BOYAmt |
| EOY | $472,151 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,326 | BOYAmt |
| EOY | $1,908 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,747 | BOYAmt |
| EOY | $5,719 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,000 | BOYAmt |
| EOY | $80,600 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $209,539 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $21,135 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,285 | BOYAmt |
| EOY | $188,404 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $201,190 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,196,267 | BOYAmt |
| EOY | $2,214,448 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,642,722 | BOYAmt |
| EOY | $3,861,293 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,751 | BOYAmt |
| EOY | $29,339 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $900,000 | BOYAmt |
| EOY | $110,587 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $928,751 | BOYAmt |
| EOY | $139,926 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,713,971 | BOYAmt |
| EOY | $3,721,367 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,713,971 | BOYAmt |
| EOY | $3,721,367 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,642,722 | BOYAmt |
| EOY | $3,861,293 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,007,397 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$1 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $502 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,565,007 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $209,214 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $492,407 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $346,619 | CurrentTaxYearAmt |
| Total | $2,613,749 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $502 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,565,007 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $209,214 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $492,407 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $346,619 | CurrentTaxYearAmt |
| Total | $2,613,749 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $2,613,749 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $502 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,015 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,285 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $767 | CurrentTaxYearMinus1YearAmt |
| Total | $4,569 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $2,618,318 | TotalSupportAmt |
| Public Support CY170 | 0.99830 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99430 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| Public Support Total509 | $0 | PublicSupportTotal509Amt |
| Public Support CY509 | 0 | PublicSupportCY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $145,311 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $7,298 | DepreciationAmt |
| Book Value | $138,013 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $64,228 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $13,837 | DepreciationAmt |
| Book Value | $50,391 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $188,404 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Due to Wright Business Inc. | $110,587 |
| Note Payable: Wright Graduate Institute Inc. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $110,587 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,829,515 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $1,829,515 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,829,515 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $822,118 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $822,118 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $822,118 | TotalExpensesPerForm990Amt |
Schedule G IRS990ScheduleG
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $10,500 | GrossRevenueOtherGamingAmt |
| Cash Prizes Other Gaming | $2,500 | CashPrizesOtherGamingAmt |
| Gross Revenue Total Gaming | $10,500 | GrossRevenueTotalGamingAmt |
| Cash Prizes Total Gaming | $2,500 | CashPrizesTotalGamingAmt |
| Direct Expense Summary Gaming | $2,500 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $8,000 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | IL | StatesWhereGamingConductedCd |
| Licensed | false | LicensedInd |
| Explanation If No | TAXPAYER HAS NOT YET OBTAINED A RAFFLE LICENSE. | ExplanationIfNoTxt |
| License Suspended Etc | false | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | Yes (true) | GamingWithNonmembersInd |
| Member Of Other Entity | false | MemberOfOtherEntityInd |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERTJUDITH WRIGHT | PersonNm |
| Relationship With Org | CEO | RelationshipWithOrgTxt |
| Loan Purpose | Company paid bills | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $1,326 | OriginalPrincipalAmt |
| Balance Due | $1,908 | BalanceDueAmt |
| Default | false | DefaultInd |
| Board Or Committee Approval | false | BoardOrCommitteeApprovalInd |
| Written Agreement | false | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $1,908 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (10 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| The Center Inc | |||
| See Schedule L Part V | $48,400 | See Schedule L Part V | false |
| ARTHUR SILVER | |||
| Arthur is current Director | $201,090 | Taxpayer received donations | false |
| KAREN TERRY | |||
| Wife of current director | $1,334 | Taxpayer received tuition payments | false |
| JOHN DAVIDOFF | |||
| John is current dirctor | $3,950 | Taxpayer received donations | false |
| Wright Business Inc | |||
| See Schedule L Part V | $12,000 | See Schedule L Part V | false |
| Wright Graduate Insitute Inc | |||
| See Schedule L Part V | See Schedule L Part V | false | |
| Terry Group | |||
| Director is founder of business | $8,250 | Taxpayer received donations | false |
| Davidoff Communications | |||
| Current director is founder | $18,625 | Taxpayer received donations | false |
| SCOTT JENNIFER STEPHEN | |||
| Scott is current director | $10,000 | Taxpayer received donations | false |
| KAREN WILSON-SMITHBAUER | |||
| Karen is current director | $10,000 | Taxpayer received donations | false |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV line 1 | Taxpayer accrued rent to The Center Inc. Taxpayer's President & CEO are The Center Inc.'s shareholders. |
| Part IV line 5 | Taxpayer accrued rent to Wright Business, Inc. |
| Part IV line 6 | Taxpayer paid interest & CPI payments to Wright Graduate Institute Inc. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (38 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt VII, Col (F) | Karen Wilson Smithbauer (Board Member) is the mother of another Board member (Rich Lyons). |
| 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 governming 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 XI | Line 9 includes $1 rounding. |
| Pt VI, Line 2 | Karen Wilson Smithbauer (Board Member) is the mother of another Board member (Rich Lyons), |
| Pt XI | Line 9, $1 rounding |
| Form 990, Part IX, Line 24e | Bad Debt 37699. 37699. 0. 0. |
| Form 990, Part IX, Line 24e | Software Leases 21854. 21854. 0. 0. |
| Form 990, Part IX, Line 24e | Work Study 0. 0. 0. 0. |
| Form 990, Part IX, Line 24e | Website 1896. 632. 632. 632. |
| Form 990, Part IX, Line 24e | Other 150. 50. 50. 50. |
| Form 990, Part IX, Line 24e | Accreditation 2756. 0. 2756. 0. |
| Form 990, Part IX, Line 24e | Repairs & Maintenance 5289. 1763. 1763. 1763. |
| Form 990, Part IX, Line 24e | Mentoring Fees 4560. 4560. 0. 0. |
| Form 990, Part IX, Line 24e | Instructional Expenses 0. 0. 0. 0. |
| Form 990, Part IX, Line 24e | Chancellor Salary 60000. 60000. 0. 0. |
| Form 990, Part IX, Line 24e | Faculty Salaries 57390. 57390. 0. 0. |
| Form 990, Part IX, Line 24e | President Salary 45000. 45000. 0. 0. |
| Form 990, Part IX, Line 24e | CEO Salary 45000. 45000. 0. 0. |
| Form 990, Part IX, Line 24e | Health Insurance 8437. 8437. 0. 0. |
| Form 990, Part IX, Line 24e | Consulting 40000. 40000. 0. 0. |
| Form 990, Part IX, Line 24e | Licenses & Fees 2252. 751. 751. 750. |
| Form 990, Part IX, Line 24e | Miscellaneous 5464. 1822. 1821. 1821. |
| Form 990, Part IX, Line 24e | Employee Leasing 142650. 47550. 47550. 47550. |
| Form 990, Part IX, Line 24e | Outside Contract Services 13175. 4392. 4391. 4392. |
| Form 990, Part IX, Line 24e | Staff Development 11524. 3841. 3841. 3842. |
| Form 990, Part IX, Line 24e | Computer & Internet 3050. 1016. 1017. 1017. |
| Form 990, Part IX, Line 24e | Merchant Processing Fee 2548. 850. 849. 849. |
| Form 990, Part IX, Line 24e | Bank Service Charges 3590. 1795. 1795. 0. |
| Form 990, Part IX, Line 24e | Books, Dues & Subscriptions 7090. 3545. 3545. 0. |
| Form 990, Part IX, Line 24e | Telephone 3513. 1171. 1171. 1171. |
| Form 990, Part IX, Line 24e | Meals & Entertainment 2447. 815. 816. 816. |
| Form 990, Part IX, Line 24e | Utilities 724. 242. 241. 241. |
| Form 990, Part IX, Line 24e | Taxes 124. 42. 41. 41. |
| Form 990, Part IX, Line 24e | CPI Payments on Note Payable 0. 0. 0. 0. |
| Form 990, Part IX, Line 24e | Fundraising 28166. 0. 0. 28166. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| Wright Business Inc | ||
| k | $12,000 | Fair market value |
| The Center Inc | ||
| k | $48,400 | Fair market value |
| Wright Business Inc | ||
| s | $227,105 | Fair market value |
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