Foundation For The Realization Of Human Potential Nfp
- Assets
- $6.5m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 32
- Location
- Chicago, IL
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 20-8991580
Organization Overview
Foundation For The Realization Of Human Potential Nfp is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Foundation For The Realization Of Human Potential Nfp employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Realization Of Human Potential Nfp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Foundation For The Realization Of Human Potential Nfp generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $5.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION FOR THE REALIZATION OF HUMAN POTENTIAL, NFP IS ORGANIZED FOR EXCLUSIVELY RELIGIOUS, CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW,
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING & EDUCATION ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Judith Wright President & Director | Officer | 40 | $260,000 |
Barbara Burgess Chief Vision Realization Officer | 40 | $169,000 | |
Kate Holmquest Campus Director | 40 | $109,560 | |
Beryl Stromsta Senior Coach | 40 | $99,208 | |
Dr Robert Wright CEO & Director | Officer | 40 | $71,892 |
Dr Michael Zwell Chancellor And Faculty | Officer | 40 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,258,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,258,197 |
| Total Program Service Revenue | $3,328,215 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,725,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $391,892 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,653,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $44,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,276 |
| Fees for services: Accounting | $19,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,570 |
| Advertising and promotion | $483,038 |
| Office expenses | $38,986 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $353,428 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,900 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,524 |
| Insurance | $46,026 |
| All other expenses | $2,105,813 |
| Total functional expenses | $5,513,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,117,346 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $372,633 |
| Loans from Officers, Directors, or Controlling Persons | $21,738 |
| Loans from Disqualified Persons | $32,159 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $489,760 |
| Investments—publicly traded securities | $1,840,270 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,666,139 |
| Other assets | $0 |
| Total assets | $6,540,045 |
| Accounts payable and accrued expenses | $82,085 |
| Grants payable | $0 |
| Deferred revenue | $60,469 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $17,660 |
| Other liabilities | $10,000 |
| Total liabilities | $170,214 |
| Net assets without donor restrictions | $6,306,281 |
| Net assets with donor restrictions | $63,550 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,540,045 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Foundation For The Realization Of Human Potential Nfp has recieved totaling $1,202,365.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $1,142,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |