WORLD LEADERS FORUM INC: Form 990EZ, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- WORLD LEADERS FORUM INC (EIN 47-3666460)
- Tax period
- 2022-06-01 to 2023-05-31
- Filed
- 2024-04-12
- IRS object ID
- 202411039349200031
- Schema version
- 2022v5.0
- 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) |
|---|---|---|
| Return | 2024-04-12T17:00:31+00:00 | ReturnTs |
| Tax Period End | 2023-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363990892 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Shuman Blvd Suite 300 | AddressLine1Txt |
| City | Naperville | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60563 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2022-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 473666460 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | World Leaders Forum Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WORL | BusinessNameControlTxt |
| Phone | 8476282017 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1151 North State Street | AddressLine1Txt |
| City | Elgin | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60123 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Gene Crume | PersonNm |
| Person Title | Secretary/Treasurer | PersonTitleTxt |
| Phone | 8476952500 | PhoneNum |
| Signature | 2024-04-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Dr Gene | PersonFirstNm |
| Person Last | Crume | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Sara Tibbott | PreparerPersonNm |
| PTIN | P01486965 | PTIN |
| Phone | 5055022746 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Website Address | www.judson.edu/wlf | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $104,485 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $61,860 | ContributionsGiftsGrantsEtcAmt |
| Program Service Revenue | $42,625 | ProgramServiceRevenueAmt |
| Gain Or Loss From Sale Of Assets | $0 | GainOrLossFromSaleOfAssetsAmt |
| Special Events Net Income Loss | $0 | SpecialEventsNetIncomeLossAmt |
| Gross Profit Loss Sls Of Invntry | $0 | GrossProfitLossSlsOfInvntryAmt |
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
| Total Revenue | $104,485 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $0 | GrantsAndSimilarAmountsPaidAmt |
| Fees And Other Pymt To Ind Cntrct | $68,556 | FeesAndOtherPymtToIndCntrctAmt |
| Other Expenses Total | $155,878 | OtherExpensesTotalAmt |
| Total Expenses | $224,434 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$119,949 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $270,351 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Net Assets Or Fund Balances EOY | $150,402 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $270,351 | BOYAmt |
| EOY | $150,402 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $249,757 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $270,351 | BOYAmt |
| EOY | $400,159 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $249,757 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $270,351 | BOYAmt |
| EOY | $150,402 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | The purpose of the World Leaders Forum is to educate and invest in tomorrow's business leaders; build greatness in the lives of students; and inspire change and create a legacy. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | The World Leaders Forum hosts annual events to generate support for scholarships within two unique programs at Judson University: the Roeser Scholars program which is focused on leadership development and the RISE program which provides students with intellectual disabilities the college experience. The World Leaders Forum also supports other nonprofits in the Chicago area and nationally as well as entrepreneurial and innovative initiatives that benefit students, the community and other partners of the World Leaders Forum. Since 2015, 64 scholarships have been awarded to students to receive financial support for their undergraduate academic career at Judson. Over 1000 students have been empowered by attending and hearing from a global leader. These annual World Leaders Forum events add to the quality of life in Elgin, the Fox River Valley and our region, by bringing internationally acclaimed speakers. These events have provided an opportunity for over 5,000 community members to hear from these prominent leaders and help promote the area throughout Chicago and across the nation. Past speakers have included George W. Bush, Mikhail Gorbachev, Tony Blair, Condoleezza Rice, Felipe Calderon, Newt Gingrich, Howard Dean, Queen Noor of Jordan, Caroline Kennedy and General David Petraeus in November 2021. A new series was introduced in 2019 "Conversations with Mark Vargas" which brings successful business leaders and entrepreneurs to campus. The inaugural guest was Dallas Mavericks owner, Mark Cuban. | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $0 | GrantsAndAllocationsAmt |
| Program Service Expenses | $148,369 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $148,369 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (9 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|
| Mark Vargas | ||||
| President | 2.000 | $0 | $0 | $0 |
| Merrie Meadows | ||||
| Vice President | 2.000 | $0 | $0 | $0 |
| Dr Gene Crume | ||||
| Secretary/Treasurer | 2.000 | $0 | $0 | $0 |
| AJ Patton | ||||
| Board Member | 2.000 | $0 | $0 | $0 |
| Jacqueline Ruiz | ||||
| Board Member | 2.000 | $0 | $0 | $0 |
| Austin Rabine | ||||
| Board Member | 2.000 | $0 | $0 | $0 |
| Tim Schofield | ||||
| Board Member | 2.000 | $0 | $0 | $0 |
| Michael Dutton | ||||
| Board Member | 2.000 | $0 | $0 | $0 |
| Fran Houlihan | ||||
| Board Member (part year) | 2.000 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sarah Taylor | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1151 North State Street | AddressLine1Txt |
| City | Elgin | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60123 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8476952500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
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 | $101,720 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $289,312 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $326,420 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $433,620 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $61,860 | CurrentTaxYearAmt |
| Total | $1,212,932 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $101,720 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $289,312 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $326,420 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $433,620 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $61,860 | CurrentTaxYearAmt |
| Total | $1,212,932 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $309,619 | SubstantialContributorsTotAmt |
| Public Support Total170 | $903,313 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,641 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,165 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,563 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $16,369 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,229,301 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $157,520 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.7348 | PublicSupportCY170Pct |
| Public Support PY170 | 0.7523 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10 Other Income | FormAndLineReferenceDesc |
| Explanation | DESCRIPTION - MISC. INCOME, COLUMN A - , COLUMN B - 4641.0, COLUMN C - 6165.0, COLUMN D - 5563.0, COLUMN E - , COLUMN F - 16369.0; | ExplanationTxt |
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 O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990-EZ, Part I, Line 16 Other Expenses | Advertising expenses - 16481; Office expenses - 13074; Travel expenses - 8188; Interest expense - 8350; Board expenses - 38009; Event expenses - 71625; Miscellaneous expenses - 151; |
| Form 990-EZ, Part II, Line 24b Other Assets | Due from Judson University - BOY:0,EOY:249757; |
| Form 990-EZ, Part II, Line 26b Total Liabilities | Due to subsidiary - BOY:0,EOY:249757; |
| Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE | The purpose of the World Leaders Forum is to educate and invest in tomorrow's business leaders; build greatness in the lives of students; and inspire change and create a legacy. |
| Form 990EZ, Part III, Line 28 DESCRIPTION OF OTHER PROGRAM SERVICES | The World Leaders Forum hosts annual events to generate support for scholarships within two unique programs at Judson University: the Roeser Scholars program which is focused on leadership development and the RISE program which provides students with intellectual disabilities the college experience. The World Leaders Forum also supports other nonprofits in the Chicago area and nationally as well as entrepreneurial and innovative initiatives that benefit students, the community and other partners of the World Leaders Forum. Since 2015, 64 scholarships have been awarded to students to receive financial support for their undergraduate academic career at Judson. Over 1000 students have been empowered by attending and hearing from a global leader. These annual World Leaders Forum events add to the quality of life in Elgin, the Fox River Valley and our region, by bringing internationally acclaimed speakers. These events have provided an opportunity for over 5,000 community members to hear from these prominent leaders and help promote the area throughout Chicago and across the nation. Past speakers have included George W. Bush, Mikhail Gorbachev, Tony Blair, Condoleezza Rice, Felipe Calderon, Newt Gingrich, Howard Dean, Queen Noor of Jordan, Caroline Kennedy and General David Petraeus in November 2021. A new series was introduced in 2019 "Conversations with Mark Vargas" which brings successful business leaders and entrepreneurs to campus. The inaugural guest was Dallas Mavericks owner, Mark Cuban. |