Nonprofit · EIN 52-1041780
FRANK AND BETTY WRIGHT FOUNDATION INC
Tax-exempt · POTOMAC, MD 20854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $543,395 | $1,107,601 | -$564,206 | $12,792,722 | $0 | $12,792,722 |
| December 31, 2023 | 990-PF | $51,790 | $1,024,601 | -$972,811 | $13,356,928 | $0 | $13,356,928 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $295,621
- Interest
- $994
- Net gain from sales of assets
- $192,303
- Other income
- $54,477
Expenses
- Grants and similar amounts paid
- $771,804
- Compensation of officers, directors and key employees
- $42,500
- Disbursements for charitable purposes
- $914,461
- Excise tax on investment income
- $4,869
Balance sheet and other
- Total assets, start of year
- $13,356,928
- Total assets, end of year
- $12,792,722
- Total liabilities, end of year
- $0
- Net assets, end of year
- $12,792,722
- Fair market value of assets
- $15,027,094
- Qualifying distributions
- $914,461
- Net investment income
- $543,395
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES EPSTIEN 12505 PARK POTOMAC AVE, SUITE 250, POTOMAC, MD 20854 | PRESIDENT | 8 | $20,000 |
| BRAD L MENDELSON 12505 PARK POTOMAC AVENUE, SUITE 250, POTOMAC, MD 20854 | TREASURER | 8 | $20,000 |
| JUANITA ILLERA 12505 PARK POTOMAC AVENUE, SUITE 250, POTOMAC, MD 20854 | SECRETARY | 1 | $2,500 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES EPSTIEN 12505 PARK POTOMAC AVE, SUITE 250, POTOMAC, MD 20854 | PRESIDENT | 8 | $20,000 |
| BRAD L MENDELSON 12505 PARK POTOMAC AVENUE, SUITE 250, POTOMAC, MD 20854 | TREASURER | 8 | $20,000 |
| JUANITA ILLERA 12505 PARK POTOMAC AVENUE, SUITE 250, POTOMAC, MD 20854 | SECRETARY | 1 | $2,500 |
Address and contacts
- Address (IRS master file)
- 12505 PARK POTOMAC AVE STE 250, POTOMAC, MD 20854-6809
- In care of
- % MENDELSON & MENDELSON CPAS PC
- Signed the 990-PF
- BRAD L MENDELSON, TREASURER
- Phone
- (301) 656-0001
- Return prepared by
- MENDELSON & MENDELSON CPA'S
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 52-1041780
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $12,792,722
- Income (IRS master file)
- $5,740,588
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $543,395 | $1,107,601 | $12,792,722 | XML |
| 990-PF | December 2023 | $51,790 | $1,024,601 | $13,356,928 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | August 2022 | – | – | – | IRS |
| 990-PF | August 2021 | – | – | – | IRS |
| 990-PF | August 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1041780).
Questions about FRANK AND BETTY WRIGHT FOUNDATION INC
- What is the EIN of FRANK AND BETTY WRIGHT FOUNDATION INC?
- The employer identification number (EIN) of FRANK AND BETTY WRIGHT FOUNDATION INC is 52-1041780.
- Is FRANK AND BETTY WRIGHT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to FRANK AND BETTY WRIGHT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FRANK AND BETTY WRIGHT FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FRANK AND BETTY WRIGHT FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANK AND BETTY WRIGHT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of FRANK AND BETTY WRIGHT FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $20,000 (JAMES EPSTIEN, PRESIDENT).
- How much revenue does FRANK AND BETTY WRIGHT FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $543,395, expenses of $1,107,601 and total assets of $12,792,722 at year end.
Other nonprofits in POTOMAC
- BULLIS SCHOOL INC EIN 52-0635080 · last filed 990 for 2025
- ST ANDREWS EPISCOPAL SCHOOL INC EIN 52-1107876 · last filed 990 for 2025
- MCLEAN SCHOOL OF MARYLAND INC EIN 52-1117092 · last filed 990 for 2025
- THE HEIGHTS INC EIN 52-1128002 · last filed 990 for 2025
- DEUTSCHER SCHULVEREIN WASHINGTON D C EIN 54-0740278 · last filed 990 for 2025
- GLENSTONE FOUNDATION EIN 20-5938416 · last filed 990-PF for 2024
- CORE EIN 88-3213942 · last filed 990 for 2024
- UNLEASH PROSPERITY INC EIN 47-3514328 · last filed 990 for 2024