2022-04-14T06:35:38-05:00 2021-05-31 363990892 Capin Crouse LLP 55 Shuman Blvd Suite 300 Naperville IL 60563 990 2020-06-01 473666460 World Leaders Forum Inc WORL 8476952500 1151 N State Street Elgin IL 60123 Dr Gene Crume Secretary/Treasurer 8476952500 2022-04-14 1 Dr Gene Crume 999009999 Ted R Batson Jr P00721951 5055022746 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Dr Gene Crume 1151 N State Street Elgin IL 60123 332585 0 X www.judson.edu/wlf X 2014 IL To educate and invest in future leaders and to inspire greatness and change. 8 8 0 8 0 0 289312 326420 57044 0 0 0 4641 6165 350997 332585 13784 11296 0 0 33006 0 0 0 22311 328999 91580 375789 102876 -24792 229709 211082 556791 200000 316000 11082 240791 X 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. 0 0 63776 11296 6165 The World Leaders Forum hosts annual events to generate support for the Judson Roeser Scholarship program for students to attend Judson University. Funds also support entrepreneurial initiatives and on-going World Leaders Forum operations. In April of 2018, it was established that proceeds would also benefit the higher education of youth in Foster Care by providing programming and educational opportunities at Judson University. Judson University is a Christian college located in Elgin, Illinois. The University's entrepreneurial certificate is offered and can be applied to accompany any traditional undergraduate degree. Starting in 2015, the World Leaders Forum annually selects a limited number of students to receive a full-tuition scholarship for their undergraduate academic career at Judson. The program allows for up to 50 students to participate throughout the four-years.These annual World Leaders Forum events add to the quality of life in Elgin, the Fox River Valley and our region, by bringing in internationally recognized speakers. These events provide an opportunity for community members to see and learn from these leaders in person and promote the area throughout Chicago and across the nation.The World Leaders Forum brings in acclaimed world leaders for its annual event. 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 will feature General David Petraeus in November 2021. 63776 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 IL X Sarah Taylor 8476952500 1151 N State Street Elgin IL 60123 X Mark Vargas President 2.00 X X 0 0 0 Merrie Meadows Vice President 2.00 X X 0 0 0 Dr Gene Crume Secretary/Treasurer 2.00 X X 0 0 0 Fran Houlihan Board Member 2.00 X 0 0 0 AJ Patton Board Member 2.00 X 0 0 0 Jacqueline Ruiz Board Member 2.00 X 0 0 0 Austin Rabine Board Member 2.00 X 0 0 0 Tim Schofield Board Member 2.00 X 0 0 0 0 0 0 0 0 0 0 0 326420 326420 6165 6165 6165 332585 6165 0 0 11296 11296 279 279 2250 2250 9462 9462 23391 1080 22311 7290 5932 1358 27145 22090 5055 1162 1162 5745 4675 1070 Event expense 7800 7800 Board/trustee expenses 7056 7056 102876 63776 16789 22311 11082 356791 200000 0 200000 200000 211082 556791 191000 200000 0 125000 200000 316000 X 11082 240791 11082 240791 211082 556791 229709 0 X 0 1 X 1 0 X 32765 200100 101720 289312 326420 950317 32765 200100 101720 289312 326420 950317 334541 615776 4641 6165 10806 961123 178369 0.64070 0.75760 X Schedule A, Part II, Line 10, Explanation of Other Income: Misc income - 2019 Amount: $ 4,641. 2020 Amount: $ 6,165. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200000 200000 200000 Due to affiliate 125000 125000 X Part X, Line 2: The effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the consolidated statements of activities. As of May 31, 2021 and 2020, World Leaders Forum had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. World Leaders Forum files information tax returns in the U.S. and Illinois. World Leaders Forum is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2017. 1 Judson University 1151 N State Street Elgin IL 60123 362515868 501(c)(3) 11296 Judson Leadership Scholarships 1 0 Part I, Line 2: Grants are made to an affiliated organization which shares information regarding finances, shared personnel and WLF student scholars. Cynthia Hoag Substantial contributor Property Aquisition X 200000 191000 0 1 1 191000 Form 990, Part VI, Section A, line 4 The bylaws were updated to increase the number of board members to a minimum of five and a maximum of ten. Form 990, Part VI, Section A, line 8b The organization has no committees with authority to act on behalf of the governing body. Therefore, this line was answered "no" in accordance with the instructions. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Officers, trustees, and key employees of World Leaders Forum are required to complete a conflict of interest/related party questionnaire each year. The President reviews the signed statements. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The organization does not compensate any officers or key employees. Therefore, these lines were answered "no" in accordance with the instructions. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.