FOUNDATION FOR THE REALIZATION OF HUMAN POTENTIAL NFP: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR THE REALIZATION OF HUMAN POTENTIAL NFP (EIN 20-8991580)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-08-01
- IRS object ID
- 201422139349301142
- Schema version
- 2013v3.1
- 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 | 2014-08-01T12:15:16-07:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Michael J Roberts CPA LLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 135 W Geneva St | AddressLine1 |
| City | Elkhorn | City |
| State | WI | State |
| ZIP Code | 53121 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | 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 | BusinessNameLine1 |
| 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 | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TOM TERRY | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3126458300 | PhoneNum |
| Signature | 2014-02-25 | 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 | 2014-08-01 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | 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 | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,458,948 | 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 | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 4 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 25 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $1,565,007 | PYContributionsGrantsAmt |
| CY Contributions Grants | $209,214 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $357,152 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $189,467 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,015 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,285 | CYInvestmentIncomeAmt |
| PY Other Revenue | $15,659 | PYOtherRevenueAmt |
| CY Other Revenue | $1,044,607 | CYOtherRevenueAmt |
| PY Total Revenue | $1,939,833 | PYTotalRevenueAmt |
| CY Total Revenue | $1,444,573 | 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 | $93,326 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $489,361 | PYOtherExpensesAmt |
| CY Other Expenses | $637,182 | CYOtherExpensesAmt |
| PY Total Expenses | $489,361 | PYTotalExpensesAmt |
| CY Total Expenses | $637,182 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,450,472 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $807,391 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,904,504 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,694,402 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,959,117 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $941,624 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,945,387 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,752,778 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To award up to 100% of tuition | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $331,463 | ExpenseAmt |
| Revenue | $181,762 | RevenueAmt |
| Desc | TEACHING & GRADUATION ACTIVITIES FROM THE WRIGHT GRADUATE INSTITUTE, INC. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $27,120 | ExpenseAmt |
| Desc | CONDUCT LEADERSHIP AWARD DINNER. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $14,375 | ExpenseAmt |
| Revenue | $20,272 | RevenueAmt |
| Desc | CONDUCT ANNUAL SUPERBOWL RAFFLE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $372,958 | 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 | false | 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 | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 4 | 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 | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 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 | $106,800 | $0 | |
| DR ROBERT WRIGHT | ||||||
| CEO | 8.00 | Yes (X) | $0 | $106,800 | $0 | |
| DR MICHAEL ZWELL | ||||||
| Chancellor and Faculty | 15.00 | Yes (X) | $72,000 | $10,000 | $0 | |
| ARTHUR SILVER | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $72,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $223,600 | TotReportableCompRltdOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $209,214 | AllOtherContributionsAmt |
| Total Contributions | $209,214 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt |
|---|---|---|
| Interest Revenue on Loans | 900099 | $10,155 |
| Awards Dinner | 900099 | |
| Symposium | 900099 | |
| Tuition | 611600 | $178,262 |
| Graduation & application fees | 611710 | $1,050 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $189,467 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,285 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $20,272 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $14,375 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,897 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,897 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Extraordinary Income: Forgiveness of WGI Inc. Note | 900099 | $1,038,475 | $1,038,475 |
| Miscellaneous | 900099 | $235 | $235 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,038,710 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,444,573 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,235,359 | RelatedOrExemptFuncIncomeAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,983 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $2,983 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,165 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $13,165 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50 | TotalAmt |
| Program Services | $50 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,090 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $4,045 | ManagementAndGeneralAmt |
| Fundraising | $4,045 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,400 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $32,400 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,089 | TotalAmt |
| Program Services | $3,089 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,339 | TotalAmt |
| Program Services | $38,113 | ProgramServicesAmt |
| Management And General | $38,113 | ManagementAndGeneralAmt |
| Fundraising | $38,113 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,520 | TotalAmt |
| Program Services | $13,520 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,632 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $1,632 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Audio Visual | $27,120 | $27,120 | $0 | $0 |
| Decorations | $0 | $0 | $0 | $0 |
| Entertainment | $39 | $39 | $0 | $0 |
| Tuition Option Fees | $1,088 | $1,088 | $0 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $419,667 | TotalAmt |
| Program Services | $289,939 | ProgramServicesAmt |
| Management And General | $78,560 | ManagementAndGeneralAmt |
| Fundraising | $51,168 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $637,182 | TotalAmt |
| Program Services | $372,958 | ProgramServicesAmt |
| Management And General | $170,898 | ManagementAndGeneralAmt |
| Fundraising | $93,326 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,177 | BOYAmt |
| EOY | $187,726 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,151,898 | BOYAmt |
| EOY | $678,384 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $342,311 | BOYAmt |
| EOY | $406,487 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $5,719 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,000 | BOYAmt |
| EOY | $88,750 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $152,648 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $906 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,118 | BOYAmt |
| EOY | $151,742 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,999,000 | BOYAmt |
| EOY | $2,175,594 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,904,504 | BOYAmt |
| EOY | $3,694,402 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,780 | BOYAmt |
| EOY | $16,017 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,952,337 | BOYAmt |
| EOY | $925,607 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,959,117 | BOYAmt |
| EOY | $941,624 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,945,387 | BOYAmt |
| EOY | $2,752,778 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,945,387 | BOYAmt |
| EOY | $2,752,778 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,904,504 | BOYAmt |
| EOY | $3,694,402 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $807,391 | ReconcilationRevenueExpnssAmt |
| 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 | $253,420 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,333 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $502 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,565,007 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $209,214 | CurrentTaxYearAmt |
| Total | $2,040,476 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $253,420 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,333 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $502 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,565,007 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $209,214 | CurrentTaxYearAmt |
| Total | $2,040,476 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $2,040,476 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,402 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,432 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $502 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,015 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,285 | CurrentTaxYearAmt |
| Total | $14,636 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $2,055,112 | TotalSupportAmt |
| Public Support CY170 | 0.99290 | PublicSupportCY170Pct |
| 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 |
| Book Value | $145,311 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $7,337 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $906 | DepreciationAmt |
| Book Value | $6,431 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $151,742 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Rent Payable: The Center Inc. | |
| Due to Wright Business Inc. | $25,607 |
| Note Payable: Wright Graduate Institute Inc. | $900,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $925,607 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,444,573 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $1,444,573 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,444,573 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $637,182 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $637,182 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $637,182 | TotalExpensesPerForm990Amt |
Schedule G IRS990ScheduleG
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $20,272 | GrossRevenueOtherGamingAmt |
| Cash Prizes Other Gaming | $14,375 | CashPrizesOtherGamingAmt |
| Gross Revenue Total Gaming | $20,272 | GrossRevenueTotalGamingAmt |
| Cash Prizes Total Gaming | $14,375 | CashPrizesTotalGamingAmt |
| Direct Expense Summary Gaming | $14,375 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $5,897 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | IL | StatesWhereGamingConductedCd |
| Licensed | false | LicensedInd |
| Explanation If No | TAXPAYER IS UNAWARE THEY NEEDED A RAFFLE LICENSE. | ExplanationIfNoTxt |
| License Suspended Etc | false | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | Yes (true) | GamingWithNonmembersInd |
| Member Of Other Entity | false | MemberOfOtherEntityInd |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (8 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| The Center Inc | |||
| See Schedule L Part V | $20,400 | See Schedule L Part V | false |
| ARTHUR SILVER | |||
| Arthur is current Director | $208,333 | See Schedule L Part V | false |
| KAREN TERRY | |||
| Wife of current director | $14,951 | Taxpayer received tuition payments | false |
| Wright Business Inc | |||
| See Schedule L Part V | $12,000 | See Schedule L Part V | false |
| The Center Inc | |||
| See Schedule L Part V | $46,193 | See Schedule L Part V | false |
| Wright Graduate Insitute Inc | |||
| See Schedule L Part V | $1,038,475 | See Schedule L Part V | false |
| GERTRUDE LYONS | |||
| Wife of current director | $3,058 | Taxpayer received tuition payments | false |
| Wright Graduate Insitute Inc | |||
| See Schedule L Part V | $115,362 | See Schedule L Part V | false |
Supplemental Information Detail SupplementalInformationDetail (11 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 2 | Taxpayer received donations from Arthur Silver. |
| Part IV line 4 | Taxpayer accrued rent to Wright Business, Inc. |
| Part IV line 4 | Taxpayer's President & CEO are the shareholders of |
| Part IV line 4 | Wright Business Inc. |
| Part IV line 5 | Taxpayer paid The Center Inc. for Leasehold Improvements. |
| Part IV line 5 | Taxpayer's President & CEO are The Center Inc.'s shareholders. |
| Part IV line 6 | Taxpayer had Extraordinary Income From Forgiveness of |
| Part IV line 6 | the Note Payable to Wright Graduate Institute Inc. |
| Part IV line 8 | Taxpayer received interest income & CPI payments |
| Part IV line 8 | from Wright Graduate Institute Inc. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt VI, Line 2 | 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 |
| Pt VI, Line 11b | Form 990 to ensure accuracy. The Board will receive a copy of |
| Pt VI, Line 11b | the 990 before filing. |
| Pt VI, Line 19 | Taxpayer will make its governing documents and financial documents |
| Pt VI, Line 19 | 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. |
| Form 990, Part IX, Line 24f | BAD DEBT 8717. 8717. 0. 0. SOFTWARE LEASES 28768. 28768. 0. 0. WORK STUDY 6482. 6482. 0. 0. WEBSITE 127. 43. 42. 42. OTHER 32. 11. 11. 10. ACCREDITATION 11342. 0. 11342. 0. REPAIRS & MAINTENANCE 609. 203. 203. 203. MENTORING FEES 7920. 7920. 0. 0. INSTRUCTIONAL EXPENSES 120. 120. 0. 0. CHANCELLOR SALARY 55000. 55000. 0. 0. FACULTY SALARIES 25640. 25640. 0. 0. PRESIDENT SALARY 30000. 30000. 0. 0. CEO SALARY 30000. 30000. 0. 0. HEALTH INSURANCE 12382. 12382. 0. 0. CONSULTING 17690. 17690. 0. 0. LI |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | 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 | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | 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 | $20,400 | Fair market value |
| Wright Business Inc | ||
| p | $3,152 | Fair market value |
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