WONDERFUL FOUNDATIONS: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- WONDERFUL FOUNDATIONS (EIN 83-2252772)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202543219349105019
- Schema version
- 2024v5.2
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T14:04:26-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 GREENWAY BOULEVARD SUITE 600 | AddressLine1Txt |
| City | MIDDLETON | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53562 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 832252772 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WONDERFUL FOUNDATIONS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WOND | BusinessNameControlTxt |
| Phone | 6129868532 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2801 HENNEPIN AVENUE 285 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55408 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN CAIRNS | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 6129868532 | PhoneNum |
| Signature | 2025-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KIMBERLY ANDERSON | PreparerPersonNm |
| PTIN | P00188889 | PTIN |
| Phone | 6086628600 | PhoneNum |
| Preparation | 2025-11-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $205,143,801 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $316,671 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $316,671 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $316,671 | InterestOnSavingsAdjNetIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $14,553,858 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $14,377,731 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $14,553,858 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $14,870,529 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $14,694,402 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $14,870,529 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $94,603 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $94,603 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $94,603 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $829,839 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $829,839 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $829,839 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $222,131 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $222,131 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $222,131 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $135,309 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $135,309 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $135,309 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $8,349,961 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $5,695,257 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $5,695,257 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $2,654,704 | InterestDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $5,837,915 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $5,837,915 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $5,837,915 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $2,055,475 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,055,475 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $2,055,475 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $17,525,233 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $14,870,529 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $14,870,529 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,654,704 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $283,765 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $283,765 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $17,808,998 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $14,870,529 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $14,870,529 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,938,469 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,938,469 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $211,043 | CashBOYAmt |
| Cash EOY | $888,175 | CashEOYAmt |
| Cash EOYFMV | $888,175 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $10,769,591 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $18,994,191 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $18,994,191 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $2,175,125 | AcctRcvblAmt |
| Acct Rcvbl BOY | $2,194,296 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $2,175,125 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $2,175,125 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $48,336 | PledgesRcvblBOYAmt |
| Prepaid Expenses BOY | $223,836 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $227,902 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $176,280 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $8,060,802 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $5,934,397 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $5,934,397 | USGovtObligationsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $198,380,394 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,732,991 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $159,313,984 | LandBOYAmt |
| Land EOY | $179,647,403 | LandEOYAmt |
| Land EOYFMV | $158,428,476 | LandEOYFMVAmt |
| Other Assets BOY | $17,579,299 | OtherAssetsBOYAmt |
| Other Assets EOY | $18,547,157 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $18,547,157 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $198,401,187 | TotalAssetsBOYAmt |
| Total Assets EOY | $226,414,350 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $205,143,801 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $4,508,447 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $5,122,271 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $948,374 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $850,658 | DeferredRevenueEOYAmt |
| Mortgages And Notes Payable BOY | $199,493,348 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $226,594,734 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $2,631,102 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $5,568,146 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $207,581,271 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $238,135,809 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | -$9,615,526 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | -$12,156,901 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $435,442 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $435,442 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | -$9,180,084 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | -$11,721,459 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $198,401,187 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $226,414,350 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | -$9,180,084 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,938,469 | ExcessRevenueOverExpensesAmt |
| Other Increases | $397,094 | OtherIncreasesAmt |
| Subtotal | -$11,721,459 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | -$11,721,459 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $0 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $0 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | OR | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WONDERFULFOUNDATIONS.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN CAIRNS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6129868532 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2801 HENNEPIN AVE BOX 285 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55408 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| TROY SNYDER | ||||||||
| 2801 HENNEPIN AVE SUITE 285 | MINNEAPOLIS | MN | 55408 | BOARD CHAIR | 20.00 | $0 | $0 | $0 |
| MICHELE SHAPIRO | ||||||||
| 2801 HENNEPIN AVE SUITE 285 | MINNEAPOLIS | MN | 55408 | PRESIDENT/TREASURER | 1.00 | $28,560 | $0 | $0 |
| JOHN CAIRNS | ||||||||
| 2801 HENNEPIN AVE SUITE 285 | MINNEAPOLIS | MN | 55408 | SECRETARY | 20.00 | $66,043 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CHARTER SCHOOL REALTY COMPANY LLC | |||||
| 1000 SW BROADWAY SUITE 1800 | PORTLAND | OR | 97205 | SERVICER FEES | $1,417,502 |
| CLIFTONLARSONALLEN LLP | |||||
| 220 SOUTH 6TH STREET SUITE 300 | MINNEAPOLIS | MN | 55402 | ACCOUNTING FEES | $120,924 |
| PLANTE MORAN | |||||
| 3000 TOWN CENTER SUITE 100 | SOUTHFIELD | MI | 48075 | ACCOUNTING FEES | $118,846 |
| TAFT STETTINIUS & HOLLISTER | |||||
| 2200 IDS CENTER 80 S 8TH ST | MINNEAPOLIS | MN | 55402 | LEGAL FEES | $117,934 |
| MODOP | |||||
| 444 BRICKELL AVE STE 900 | MIAMI | FL | 33131 | MARKETING | $90,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | WONDERFUL FOUNDATION OWNS AND LEASES PROPERTIES TO CHARTER SCHOOLS AND AT THE END OF THE BOND TERM, IT WILL TRANSFER FEE SIMPLE TITLE OF THE LEASED PROPERTY TO THE LEASING CHARTER SCHOOL. IN EFFECT, THE SEPARATE CHARTER SCHOOLS ARE ACQUIRING THEIR SCHOOL SITES. THIS STRUCTURE REDUCES THE TRANSACTION COSTS ASSOCIATED WITH HAVING EACH CHARTER SCHOOL OBTAIN SEPARATE FINANCING, WHICH IS OFTEN PROHIBITIVELY EXPENSIVE. IT ALSO ENABLES CHARTER SCHOOLS TO HAVE SOMETHING THAT IS BOTH A FREQUENT IMPEDIMENT TO THEIR MISSION AND A SIGNIFICANT BENEFIT: PERMANENCY. | Description1Txt |
| Expenses1 | $17,420,383 | Expenses1Amt |
| Description2 | THE REVENUE IN EXCESS OF DEBT SERVICE AND EXPENSES IS USED FOR CAPITAL IMPROVEMENTS TO THE CHARTER SCHOOL BUILDINGS AND TO MAKE GIFTS AND GRANTS TO ITS TAX-EXEMPT CHARTER SCHOOL TENANTS THROUGH THE 'WFCS GIVING FUND'. IN ADDITION, WONDERFUL FOUNDATIONS (A) PROVIDES TECHNICAL ASSISTANCE TO PUBLIC CHARTER SCHOOLS; (B) CONDUCTS EDUCATION AND ADVOCACY ACTIVITIES ABOUT AND FOR PUBLIC CHARTER SCHOOLS; AND (C) PROVIDES GRANTS TO PUBLIC CHARTER SCHOOLS TO SUPPORT INNOVATIVE PROGRAMS. | Description2Txt |
| Expenses2 | $0 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $6,732,210 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $11,631,094 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $18,363,304 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $18,363,304 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $275,450 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $18,087,854 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $904,393 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,938,469 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,938,469 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,938,469 | CurrentYearAmt |
| Year1 | $3,094,031 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $6,032,500 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $283,765 | CurrentYearAmt |
| Year1 | $223,264 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $507,029 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,654,704 | CurrentYearAmt |
| Year1 | $2,870,767 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $5,525,471 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $226,414,350 | CurrentYearAmt |
| Year1 | $198,401,187 | Year1Amt |
| Total | $424,815,537 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $219,102,676 | CurrentYearAmt |
| Year1 | $179,087,579 | Year1Amt |
| Total | $398,190,255 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $602,929 | CurrentYearAmt |
| Year1 | $798,299 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $1,401,228 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| DESERT SAGE HIGH SCHOOL | ||||||
| 3434 E BROADWAY BLVD | TUCSON | AZ | 85716 | PC | GENERAL OPERATIONS | $2,500 |
| IMAGINE AVONDALE ELEMENTARY INC | ||||||
| 950 N ELISEO FELIX JR WAY | AVONDALE | AZ | 85323 | PC | GENERAL OPERATIONS | $18,500 |
| IMAGINE COOLIDGE ELEMENTARY INC | ||||||
| 1290 WEST VAH KI INN RD | COOLIDGE | AZ | 85128 | PC | GENERAL OPERATIONS | $14,500 |
| IMAGINE PREP COOLIDGE INC | ||||||
| 1290B WEST VAH KI INN RD | COOLIDGE | AZ | 85128 | PC | GENERAL OPERATIONS | $16,500 |
| IMAGINE PREP SUPERSTITION INC | ||||||
| 1843 W 16TH AVE | APACHE JUNCTION | AZ | 85120 | PC | GENERAL OPERATIONS | $14,500 |
| IMAGINE SCHOOL AT PALMER RANCH | ||||||
| 6220 MCINTOSH ROAD | SARASOTA | FL | 34238 | PC | GENERAL OPERATIONS | $21,000 |
| KCC ELEMENTARY CHARTER SCHOOL SOUTHEAST COUNTY INC | ||||||
| 11514 MCMULLEN ROAD | RIVERVIEW | FL | 33569 | PC | GENERAL OPERATIONS | $12,000 |
| KID'S COMMUNITY COLLEGE CHARTER SCHOOL INC | ||||||
| 10030 MATHOG ROAD | TAMPA | FL | 33578 | PC | GENERAL OPERATIONS | $16,500 |
| RICHMOND CHARTER ACADEMY | ||||||
| 1450 MARINA WAY SOUTH | RICHMOND | CA | 94804 | PC | GENERAL OPERATIONS | $35,000 |
| SANDHILLS THEATRE ARTS RENAISSANCE SCHOOL | ||||||
| 140 SOUTHERN DUNES DRIVE | VASS | NC | 28394 | PC | GENERAL OPERATIONS | $14,000 |
| WAYNE PREPARATORY ACADEMY CHARTER SCHOOL INC | ||||||
| 600 TOMMYS ROAD | GOLDSBORO | NC | 27530 | PC | WAYNE HVAC REPLACEMENTS AND ELEVATOR REPAIRS | $60,965 |
| IMAGINE SCHOOL AT TOWN CENTER LLC | ||||||
| 775 TOWN CENTER BLVD | PALM COAST | FL | 32164 | PC | GENERAL OPERATIONS | $57,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $283,765 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| RENTAL | $14,377,731 |
| MANAGEMENT FEE | $150,000 |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $316,671 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $26,127 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $342,798 | ExclusionAmt |
| Related Or Exempt Function Incm | $14,527,731 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $14,870,529 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 1A | RENT REVENUE FROM DIRECT CHARITABLE ACTIVITIES |
| 1B | MANAGEMENT FEE INCOME FROM DIRECT CHARITABLE ACTIVITIES |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $222,131 | Amt |
| Net Investment Income | $222,131 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $222,131 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $5,934,397 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $5,934,397 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $829,839 | LegalFeesAmt |
| Net Investment Income | $829,839 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $829,839 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTANGIBLE ASSETS | Desc |
| BOY Book Value | $17,579,299 | BOYBookValueAmt |
| EOY Book Value | $18,547,157 | EOYBookValueAmt |
| EOYFMV | $18,547,157 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INSURANCE | $251,086 | $251,086 | $251,086 | $0 |
| SERVICER FEES | $1,447,081 | $1,447,081 | $1,447,081 | $0 |
| RENTAL OPERATIONS | $107,734 | $107,734 | $107,734 | $0 |
| FUNDRAISING EXPENSE | $144,724 | $144,724 | $144,724 | $0 |
| MISC EXPENSE | $104,850 | $104,850 | $104,850 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| RENTAL | $14,377,731 | $14,377,731 | $14,377,731 |
| MANAGEMENT FEE | $150,000 | $150,000 | |
| OTHER INCOME | $26,127 | $26,127 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN | $231,660 |
| PRIOR PERIOD ADJUSTMENT | $165,434 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| TENANT IMPROVEMENT LIABILITIES | $222,359 | $3,618 |
| LEASE INTANGIBLE LIABILITIES | $2,408,743 | $2,485,522 |
| ENVIRONMENTAL REMEDIATION RESERVE | $0 | $1,428,423 |
| REFUNDABLE ADVANCE | $0 | $1,650,583 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER PROFESSIONAL FEES | CategoryTxt |
| Amt | $135,309 | Amt |
| Net Investment Income | $135,309 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $135,309 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |