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FRANK AND BETTY WRIGHT FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
FRANK AND BETTY WRIGHT FOUNDATION INC (EIN 52-1041780)
Tax period
2014-09-01 to 2015-08-31
Filed
2016-07-12
IRS object ID
201631949349100308
Schema version
2014v6.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2016-07-12T10:14:22-05:00ReturnTs
Tax Period End2015-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN520954153PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MENDELSON & MENDELSON CPA'S A PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112505 PARK POTOMAC AVE STE 250AddressLine1Txt
CityPOTOMACCityNm
State AbbreviationMDStateAbbreviationCd
ZIP208546805ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521041780EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FRANK & BETTY WRIGHT FOUNDATIONBusinessNameLine1Txt
Business Name Line2C/O MENDELSON & MENDELSON CPA'SBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFRANBusinessNameControlTxt
Phone3016560001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line112505 PARK POTOMAC AVENUE 250AddressLine1Txt
CityPOTOMACCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20854ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEFFREY L MENDELSONPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone3016560001PhoneNum
Signature2016-07-13SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRAD L MENDELSON CPAPreparerPersonNm
PTINP00721173PTIN
Phone3016560001PhoneNum
Preparation2016-07-12PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,693FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$37,125ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$37,127TotalRevAndExpnssAmt
Total Net Invst Incm$2TotalNetInvstIncmAmt
Total Adj Net Incm$2TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,750AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,750AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$2,750AccountingFeesAdjNetIncmAmt
Other Expenses Rev And Expnss$22OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$22OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$22OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$2,772TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,772TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$2,772TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$34,375ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$34,375ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$37,147TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,772TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$2,772TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$34,375TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$20ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,713CashBOYAmt
Cash EOY$1,693CashEOYAmt
Cash EOYFMV$1,693CashEOYFMVAmt
Total Assets BOY$1,713TotalAssetsBOYAmt
Total Assets EOY$1,693TotalAssetsEOYAmt
Total Assets EOYFMV$1,693TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,713UnrestrictedBOYAmt
Unrestricted EOY$1,693UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,713TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,693TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,713TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,693TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,713TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$20ExcessRevenueOverExpensesAmt
Subtotal$1,693SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,693TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$1,693NetVlNoncharitableAssetsYr1Amt
Net Vl Noncharitable Assets Yr2$1,676NetVlNoncharitableAssetsYr2Amt
Net Vl Noncharitable Assets Yr3$2,176NetVlNoncharitableAssetsYr3Amt
Adjusted Qlfy Distri Yr4$191,326AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$27,674NetVlNoncharitableAssetsYr4Amt
Distribution Yr46.913565DistributionYr4Rt
Adjusted Qlfy Distri Yr5$189,814AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$49,140NetVlNoncharitableAssetsYr5Amt
Distribution Yr53.862719DistributionYr5Rt
Total Distribution10.776284TotalDistributionRt
Average Distribution5.388142AverageDistributionRt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$0AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$34,375QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsfalseAtLeast5000InAssetsInd
Org Report Or Register StateVAOrgReportOrRegisterStateCd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.WRIGHTTOREAD.ORGWebsiteAddressTxt
Individual With BooksMENDELSON MENDELSON CPA'S A PCIndividualWithBooksNm
Phone3016560001PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112505 PARK POTOMAC AVENUEAddressLine1Txt
Address Line2SUITE 250AddressLine2Txt
CityPOTOMACCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20854ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JUANITA ILLERA
12505 PARK POTOMAC AVESUITE 250POTOMACMD20854DIRECTOR2.00$0$0$0
JEFFREY L MENDELSON
12505 PARK POTOMAC AVESUITE 250POTOMACMD20854DIRECTOR2.00$0$0$0
JAMES EPSTEIN
12505 PARK POTOMAC AVESUITE 250POTOMACMD20854DIRECTOR2.00$0$0$0
LIONEL EPSTEIN
12505 PARK POTOMAC AVESUITE 250POTOMACMD20854DIRECTOR2.00$0$0$0
BRAD L MENDELSON
12505 PARK POTOMAC AVESUITE 250POTOMACMD20854DIRECTOR2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1PROMOTING LITERACY THROUGH TUTORING AND MENTORING OF ELEMENTARY SCOOL STUDENTS AND OUTREACH TO THE ALEXANDRIA, VA COMMUNITY.Description1Txt
Expenses1$2,772Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$34,375ExpensesAndContributionsAmt
Qualifying Distributions$34,375QualifyingDistributionsAmt
Adjusted Qualifying Distri$34,375AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Qualifying Distributions$34,375QualifyingDistributionsAmt
Remaining Distri From Corpus$34,375RemainingDistriFromCorpusAmt
Total Corpus$34,375TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$34,375ExcessDistriCyovToNextYrAmt
Excess From Current Year$34,375ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonBRAD L MENDELSONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line112505 PARK POTOMAC AVENUEAddressLine1Txt
Address Line2SUITE 250AddressLine2Txt
CityPOTOMACCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20854ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3016560001RecipientPhoneNum
Recipient Email AddressBRAD@MENDELSONCPA.COMRecipientEmailAddressTxt
Form And Info And MaterialsLETTER FORM - INCLUDE PURPOSE OF GRANT SCHOLARSHIPFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1WRIGHT TO READBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1414 N WASHINGTON STAddressLine1Txt
Address Line2SUITE 101AddressLine2Txt
CityALEXANDRIACityNm
State AbbreviationVAStateAbbreviationCd
ZIP22314ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeHELP CHILDREN READGrantOrContributionPurposeTxt
Amt$34,375Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$34,375TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$2ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,750Amt
Net Investment Income$2,750NetInvestmentIncomeAmt
Adjusted Net Income$2,750AdjustedNetIncomeAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
EXPENSES
BANK SERVICE CHARGES$22$22$22

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