FOUNDATION FOR THE REALIZATION OF HUMAN POTENTIAL NFP: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR THE REALIZATION OF HUMAN POTENTIAL NFP (EIN 20-8991580)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-08-14
- IRS object ID
- 201302269349301990
- Schema version
- 2012v2.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-08-14T10:44:09-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL J ROBERTS CPA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208991580 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION FOR THE REALIZATION OF HUMAN POTENTIAL NFP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FOUN | NameControl |
| Phone | 3126458300 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TOM TERRY | Name |
| Title | PRESIDENT | Title |
| Phone | 3126458300 | Phone |
| Date Signed | 2013-04-30 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL J ROBERTS | Name |
| Phone | 2627236497 | Phone |
| Date Prepared | 2013-08-14 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | TOM TERRY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 1949833 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.transformleadership.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2007 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | To award up to 90% of tuition assistance for indiviudals pursuing educational opportunities at the Wright Graduate Institute for the Realization of Human Potential. The Foundation also offers Master of Arts and Doctorate of Education degrees through the Wright Graduate Institute. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 2 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 502 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1565007 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 16832 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 357152 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1184 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2015 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 16451 | OtherRevenuePriorYear |
| Other Revenue Current Year | 15659 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 34969 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1939833 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 24157 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 57345 | OtherExpensePriorYear |
| Other Expenses Current Year | 489361 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 57345 | TotalExpensesPriorYear |
| Total Expenses Current Year | 489361 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -22376 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1450472 | RevenuesLessExpensesCY |
| Total Assets BOY | 515113 | TotalAssetsBOY |
| Total Assets EOY | 3904504 | TotalAssetsEOY |
| Total Liabilities BOY | 20198 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1959117 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 494915 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1945387 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | To award up to 90% of tuition | MissionDescription |
| Significant New Program Services | true | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 278288 | Expense |
| Revenue | 35600 | Revenue |
| Description | CONDUCT ANNUAL SYMPOSIUM FOR EDUCATIONAL PURPOSES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 76515 | Expense |
| Revenue | 2550 | Revenue |
| Description | TEACHING & GRADUATION ACTIVITIES FROM THE WRIGHT GRADUATE INSTITUTE, INC. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 10063 | Expense |
| Revenue | 144215 | Revenue |
| Description | CONDUCT LEADERSHIP AWARD DINNER. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 364866 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | false | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 2 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicy |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | CHUCK MUNRO | NamePerson |
| Telephone Number | 3126458300 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 445 E OHIO ST | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (8 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| 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 | 8.00 | X | 0 | 0 | 0 | |
| DR ROBERT WRIGHT | ||||||
| CEO | 8.00 | X | 0 | 0 | 0 | |
| DR MICHAEL ZWELL | ||||||
| Chancellor and Faculty | 4.00 | X | 36000 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 36000 | TotalReportableCompFromOrg |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Fundraising Events | 48177 | FundraisingEvents |
| All Other Contributions | 1516830 | AllOtherContributions |
| Total Contributions | 1565007 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn |
|---|---|---|
| Interest Revenue on Loans | 900099 | 12617 |
| Awards Dinner | 900099 | 144215 |
| Symposium | 900099 | 95600 |
| Tuition | 611600 | 101870 |
| Graduation & application fees | 611710 | 2850 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 357152 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2015 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 48177 | CntrbtnsRprtdFundraisingEvents |
| Gross Income Gaming | 13632 | GrossIncomeGaming |
| Gaming Direct Expenses | 10000 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3632 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3632 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Extraordinary Income: Forgiveness of WGI Note | 900099 | 575 | 575 |
| Extraordinary Income: Forgiveness of SEL Note | 900099 | 11452 | 11452 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 12027 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1939833 | TotalRevenueColumn |
| Related Or Exempt Function Income | 374826 | RelatedOrExemptFunctionIncome |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22937 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 22937 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16787 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 16787 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3891 | Total |
| Program Services | 3891 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1981 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 991 | ManagementAndGeneral |
| Fundraising | 990 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 162703 | Total |
| Program Services | 133628 | ProgramServices |
| Management And General | 29075 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 516 | Total |
| Program Services | 516 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63042 | Total |
| Program Services | 63042 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 152 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 76 | ManagementAndGeneral |
| Fundraising | 76 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1838 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 1838 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Audio Visual | 44770 | 44770 | 0 | 0 |
| Decorations | 5505 | 5505 | 0 | 0 |
| Entertainment | 1275 | 1275 | 0 | 0 |
| Food/Beverages | 18773 | 18773 | 0 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 145191 | Total |
| Program Services | 93466 | ProgramServices |
| Management And General | 28634 | ManagementAndGeneral |
| Fundraising | 23091 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 489361 | Total |
| Program Services | 364866 | ProgramServices |
| Management And General | 100338 | ManagementAndGeneral |
| Fundraising | 24157 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10332 | BOY |
| EOY | 224177 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 221610 | BOY |
| EOY | 1151898 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 258171 | BOY |
| EOY | 342311 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25000 | BOY |
| EOY | 87000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 100118 | LandBuildingsEquipmentBasis |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 100118 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1999000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 515113 | BOY |
| EOY | 3904504 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 474 | BOY |
| EOY | 6780 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19724 | BOY |
| EOY | 1952337 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20198 | BOY |
| EOY | 1959117 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 494915 | BOY |
| EOY | 1945387 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 494915 | BOY |
| EOY | 1945387 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 515113 | BOY |
| EOY | 3904504 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 1450472 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | false | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 250840 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 253420 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12333 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 502 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1565007 | CurrentTaxYear |
| Total | 2082102 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 250840 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 253420 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12333 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 502 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1565007 | CurrentTaxYear |
| Total | 2082102 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 2082102 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 273 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2402 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8432 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 502 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2015 | CurrentTaxYear |
| Total | 13624 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 2095726 | TotalSupport |
| First5 Years170 | X | First5Years170 |
| Public Support Pertcentage170 | 0 | PublicSupportPertcentage170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 99118 | InvestmentCostOrOtherBasis |
| Book Value | 99118 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1000 | InvestmentCostOrOtherBasis |
| Book Value | 1000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 100118 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Rent Payable: The Center Inc. | $20,400 |
| Due to Wright Business Inc. | $31,937 |
| Note Payable: Wright Graduate Institute Inc. | $1,900,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1952337 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 1939833 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 1939833 | RevenueSubtotal |
| Total Revenue Per Form990 | 1939833 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 489361 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 489361 | ExpensesSubtotal |
| Total Expenses Per Form990 | 489361 | TotalExpensesPerForm990 |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Symposium & breakfast | NameOfEvent1 |
| Gross Receipts Event1 | 283865 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 283865 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 133628 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 18773 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 1275 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 124612 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 283865 | GrossReceiptsTotal |
| Gross Revenue Total Events | 283865 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 133628 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 18773 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 1275 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 124612 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 278288 | DirectExpenseSummaryEvents |
| Net Income Summary | 5577 | NetIncomeSummary |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (15 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| THE CENTER INC | |||
| See Schedule L Part V | 29075 | See Schedule L Part V | false |
| TOM AND KAREN TERRY | |||
| Tom is current Director | 1411000 | See Schedule L Part V | false |
| KAREN TERRY | |||
| Wife of current director | 9750 | Taxpayer received tuition payments | false |
| WRIGHT BUSINESS INC | |||
| See Schedule L Part V | 8675 | See Schedule L Part V | false |
| WRIGHT GRADUATE INSITUTE INC | |||
| See Schedule L Part V | 2000000 | See Schedule L Part V | false |
| THE CENTER INC | |||
| See Schedule L Part V | 99118 | See Schedule L Part V | false |
| THE CENTER INC | |||
| See Schedule L Part V | 62000 | See Schedule L Part V | false |
| WRIGHT GRADUATE INSITUTE INC | |||
| See Schedule L Part V | 7697 | See Schedule L Part V | false |
| STAN SMITH | |||
| Current Treasurer | 10000 | Taxpayer received donations | false |
| JOHN DAVIDOFF | |||
| Current Secretary | 15800 | Taxpayer received donations | false |
| GERTRUDE LYONS | |||
| Wife of current director | 753 | Taxpayer received tuition payments | false |
| RICH LYONS | |||
| Current director | 9800 | Taxpayer received donations | false |
| KAREN WILSON SMITHBAUER | |||
| Board member | 25100 | Taxpayer received donations | false |
| MICHAEL ZWELL | |||
| Chancellor & Faculty | 900 | Taxpayer received donations | false |
| LORI ZWELL | |||
| Wife of Chancellor | 350 | Taxpayer received donations | false |
Form990 Schedule L Part V Form990ScheduleLPartV (15 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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 Tom and Karen Terry. |
| Part IV line 4 | Taxpayer accrued rent to Wright Business, Inc. |
| Part IV line 4 | Taxpayer's President & CEO are the shareholders of |
| Wright Business Inc. | |
| Part IV line 5 | Taxpayer purchased the assets of the Wright Graduate Institute, Inc. |
| The shareholders of the Wright Graduate Institute, Inc. are | |
| the President and CEO of the Foundation. | |
| Part IV line 6 | Taxpayer paid The Center Inc. for Leasehold Improvements. |
| Taxpayer's President & CEO are The Center Inc.'s shareholders. | |
| Part IV line 7 | Taxpayer accrued Prepaid Rent to The Center Inc. |
| Taxpayer's President & CEO are The Center Inc.'s shareholders. | |
| Part IV line 8 | Taxpayer paid back its Payable to the Wright Graduate Institute, Inc. |
| The shareholders of the Wright Graduate Institute, Inc. are | |
| the President and CEO of the Foundation. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (13 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI, Line 2 | Karen Wilson Smithbauer (Board Member) is the mother of another Board Member (Rich Lyons). |
| Pt III, Line 2 | The Foundation purchased substantially all the assets |
| of the Wright Graduate Institute, Inc. on April 27, 2012 | |
| and subsequently began offering Master of Arts and Doctorate | |
| of Education degrees through the Wright Graduate Institute. | |
| Pt VI, Line 15a | No one was compensated during 2012. |
| Pt VI, Line 15b | No one was compensated during 2012. |
| 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 financial documents |
| available upon request. | |
| Form 990, Part IX, Line 24f | BOOKS 2091. 2091. 0. 0. PRINTED MATERIALS 6821. 6821. 0. 0. CREDIT CARD FEES 3515. 0. 0. 3515. SUPPLIES 3975. 0. 0. 3975. OTHER 550. 550. 0. 0. ACCREDITATION 8240. 0. 8240. 0. GRADUATION EXPENSES 10426. 10426. 0. 0. MENTORING FEES 5120. 5120. 0. 0. INSTRUCTIONAL EXPENSES 1500. 1500. 0. 0. CHANCELLOR SALARY 36000. 36000. 0. 0. FACULTY SALARIES 6000. 6000. 0. 0. HEALTH INSURANCE 4611. 4611. 0. 0. LICENSES & FEES 389. 130. 130. 129. MISCELLANEOUS 100. 0. 50. 50. EMPLOYEE LEASING 36555. 12185. 12185 |
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