Form 990 for tax year 2023

Totals

Total revenue

$420,786

Total expenses

$421,077

Contributions and grants received

$351,081

Grants paid

$248,974

Program service revenue

$0

Investment income

$383

Other revenue

$69,322

Total assets, end of year

$258,695

Total liabilities, end of year

$10,328

Net assets or fund balances, end of year

$248,367

Program services expenses (Part IX)

$332,406

Management and general expenses

$41,550

Fundraising expenses

$47,121

Program service expenses (Part III)

$332,406

Program services were 78.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• Resources for Learning:Bright Minds has worked since its founding to remove barriers to learning and ensure students have access to resources they need to fully participate in their education. Bright Minds partners with HCPSS to provide emergency assistance and supplies to students experiencing homelessness in order to reduce education disruption and dropout. Bright Minds is also enhancing HCPSS career and technical education through investment in technology, equipment, and supplies used at the Applications & Research Laboratory. Since 2020, Bright Minds has raised more than $558,263 for critical educational resources and support that has reached students in all county schools.

  Expenses $140,085 · Grants $73,861

• Teacher Support & Development:Bright Minds Classroom Grants help educators pilot innovative instructional projects that support student success, enrich teaching practices, strengthen school communities, and pilot important projects that can be considered for broader implementation. Since 2009, Bright Minds has awarded $247,046 in grants to 173 educators. Bright Minds administers Teacher Externships, which provide summer workplace learning opportunities that strengthen teaching relevance and educator retention. During the first 3 years of the program, 15 externs were hosted by 9 area employers.

  Expenses $76,222 · Grants $67,222

• Student Scholarships:Bright Minds administers memorial and honorary post-secondary scholarships that help make college more accessible for graduates. Since 2015, Bright Minds has administered 17 scholarship funds and awarded 98 students $137,123 in scholarships. Since 2019, Bright Minds has also helped HCPSS students earn college credits and explore career options through the JumpStart dual enrollment program by providing books/course fee scholarships for students eligible for Free and Reduced Meals. In total, Bright Minds provided 623 HCPSS students with $116,756 in JumpStart scholarships.

  Expenses $66,544 · Grants $62,536

• Early Childhood Literacy:Only 54% of Howard County children demonstrated kindergarten readiness in 2023 (MD Dept. of Ed.) and delays in the early years of education are difficult to overcome. Bright Minds is the local affiliate for Dolly Partons nationally-recognized Imagination Library. Our Read With Me-Howard County program sends participating children an age-appropriate book each month from birth through age five. The program builds emergent literacy skills, inspires a love of reading, encourages parent-child interaction, and prepares children for kindergarten. More than 3,970 county children received 69,808 books thus far.

  Expenses $49,555 · Grants $45,355

As filed on the 2023 return.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

• HCPSS

  $78,804

  Student Learning Resources

• Dolly Partons Imagination Library

  $45,355

  Early Literacy Program

• Comcast Internet Essentials

  $5,118

  Family Internet Service Support

Provenance

Return type

form_990

Tax year

2023

Filed

30 April 2025

IRS schema version

2023v6.0

Source object

202511219349300036

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