Wright Healing Solutions Foundation
- Assets
- $5.2m
- Revenue
- $2.1m
- Investments
- $4.4m
- Employees
- 0
- Location
- Nephi, UT
- Founding
- Data as of
- 12/2022
- EIN
- 85-1458987
Organization Overview
Wright Healing Solutions Foundation is located in Nephi, UT. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wright Healing Solutions Foundation 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 12/2022, Wright Healing Solutions Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $956.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wright Healing Solutions Foundation has awarded 29 individual grants totaling $2,067,417. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION OF RECREATION CENTER INCLUDING 7 CLASSROOMS AND TRAINING FACILITIES SUPPORTING JUAB SCHOOL DISTRICT JUAB HIGH SCHOOL AND NEPHI CITY
CONSTRUCTIONREPAIR OF A RODEO ARENA SUPPORTING SNOW COLLEGE
SUPPORTING RESEARCH ACITIVITIES AT DUKE UNIVERSITY
PROVIDING SCHOLARSHIPS TO LOCAL YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Korey Wright Trustee | 1 | $0 | |
Emily Wright Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 12/30/21 | $490,382 | |
| 12/30/21 | $185,000 | |
Barco Construction | 12/30/21 | $0 |
Jim Carson Masonry | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,634,406 |
| Interest on Savings | $404 |
| Dividends & Interest | $65,232 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $351,137 |
| Capital Gain Net Income | $351,137 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,893 |
| Total Revenue | $2,054,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,420 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,750 |
| Total operating and administrative expenses | $148,552 |
| Contributions, gifts, grants paid | $807,852 |
| Total expenses and disbursements | $956,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617,412 |
| Savings and temporary cash investments | $153,768 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,200,359 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wright Healing Solutions Foundation has awarded $807,852 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DOTERRA HEALING HANDS FOUNDATION PURPOSE: TO SUPPORT THE DOTERRA HEALING HANDS FOUNDATION'S ACTIVITIES | $310,450 |
AMERICAN LEGION PURPOSE: DONATION TO ASSIST WITH CHARITABLE SERVICES | $1,500 |
SPORTSMEN FOR FISH & WILDLIFE PURPOSE: TO SUPPORT THE NONPROFITS ACTIVITIES | $5,000 |
NEPHI CITIZENS ACADEMY PURPOSE: TO SUPPORT THE ORGANIZATIONS ACTIVITIES | $902 |
JUAB HIGH SCHOOL PURPOSE: TO SUPPORT THE SCHOOL DISTRICT'S GENERAL FUND | $35,000 |
UTE STAMPEDE RODEO PURPOSE: TO SUPPORT THE ACTIVITIES OF THE RODEO | $5,000 |