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Nonprofiteer
← BRIGHT HORIZONS FOUNDATION FOR CHILDREN

Form 990 for tax year 2022

Filed by BRIGHT HORIZONS FOUNDATION FOR CHILDREN.

Totals

Total revenue
$485,204
Total expenses
$361,685
Contributions and grants received
$469,545
Grants paid
$282,357
Program service revenue
$0
Investment income
$8,523
Other revenue
$7,136
Total assets, end of year
$1,548,352
Total liabilities, end of year
$7,137
Net assets or fund balances, end of year
$1,541,215
Program services expenses (Part IX)
$306,628
Management and general expenses
$41,173
Fundraising expenses
$13,884
Program service expenses (Part III)
$306,628

Program services were 84.8% 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.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $143,349

  • 1f · All other contributions, gifts and grants

    $326,196

  • 3 · Investment income

    total $8,523 · excluded $8,523

  • 8a · Fundraising events: gross income

    $54,631

  • 8a · Fundraising events: contributions included on line 1c

    $143,349

  • 8b · Fundraising events: direct expenses

    $47,495

  • 8c · Net income from fundraising events

    total $7,136 · excluded $7,136

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $209,136 · program services $209,136

  • 2 · Grants to domestic individuals

    total $73,221 · program services $73,221

  • 11c · Fees: accounting

    total $16,000 · program services $3,653 · management and general $12,347

  • 11g · Fees: other

    total $4,589 · program services $1,048 · management and general $3,541

  • 13 · Office expenses

    total $9,574 · program services $5,846 · management and general $3,119 · fundraising $609

  • 17 · Travel

    total $3,861 · program services $139 · management and general $3,722

  • 22 · Depreciation, depletion and amortization

    total $801 · management and general $801

  • 24a · Other expenses: MISCELLANEOUS

    total $44,503 · program services $13,585 · management and general $17,643 · fundraising $13,275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $112,429 · end of year $135,394

  • 2 · Savings and temporary cash investments

    beginning of year $1,307,923 · end of year $1,403,995

  • 3 · Pledges and grants receivable

    beginning of year $6,322 · end of year $5,953

  • 9 · Prepaid expenses and deferred charges

    end of year $3,010

  • 10a · Land, buildings and equipment: cost or other basis

    $105,308

  • 10b · Land, buildings and equipment: accumulated depreciation

    $105,308

  • 10c · Land, buildings and equipment, net

    beginning of year $801 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,779 · end of year $7,137

  • 27 · Net assets without donor restrictions

    beginning of year $722,217 · end of year $835,666

  • 28 · Net assets with donor restrictions

    beginning of year $695,479 · end of year $705,549

Mission and programs · 2022

Mission

THE BRIGHT HORIZONS FOUNDATION FOR CHILDREN IS FOCUSED ON BRIGHTENING THE LIVES OF CHILDREN, YOUTH, AND FAMILIES IN CRISIS. WE SUPPORT A RANGE OF PROGRAMS THAT SERVE CHILDREN, FAMILIES, AND NONPROFIT AGENCIES THROUGH VOLUNTEERS, GRANTS, AND RESOURCES. OUR SIGNATURE PROGRAM, BRIGHT SPACES, CREATES AND SUPPORTS PLAY AREAS THAT BRIGHTEN THE LIVES OF HOMELESS CHILDREN AND FAMILIES IN CRISIS, AND SERVES MORE THAN 130,000 HOMELESS CHILDREN EACH YEAR.

Activities or mission (Part I)

BRIGHT HORIZONS EMPLOYEES ARE UNIQUELY MISSION DRIVEN, BRINGING THE SAME COMMITMENT TO THEIR COMMUNITIES AS THEY DO THEIR WORK. THE BRIGHT HORIZONS FOUNDATION FOR CHILDREN, A NONPROFIT ORGANIZATION, GIVES THEM THE RESOURCES TO FULLY ENGAGE THOSE PASSIONS, TO BECOME A BEACON OF GOOD, AND TO HAVE REAL IMPACT ON CHILDREN, FAMILIES, AND THE COMMUNITIES WHERE THEY LIVE AND WORK.

  • SINCE 1999, WE HAVE OPENED MORE THAN 300 BRIGHT SPACES THAT TODAY SERVE MORE THAN 130,000 CHILDREN ANNUALLY. THESE BRIGHT SPACES PROVIDE UNIQUE HUBS OF ACTIVITY FOR CHILDREN TO PLAY, GATHER WITH FAMILIES, AND RECEIVE THE SERVICES THEY NEED IN HOMELESS SHELTERS AND OTHER COMMUNITY AGENCIES. THE FOUNDATION ALSO FOSTERS EMPLOYEE VOLUNTEERISM THROUGH BRIGHTENING LIVES ACTIVITY GRANTS AND GLEASON VOLUNTEER GRANTS. ANNUALLY, THOUSANDS OF VOLUNTEERS PERFORM VALUABLE COMMUNITY SERVICE IN BRIGHT SPACES AND OTHER NONPROFIT AGENCIES ACROSS THE US.

    Expenses $233,407 · Grants $209,136

  • THE BRIGHT HORIZONS EMPLOYEE RELIEF FUND OFFERS FINANCIAL ASSISTANCE TO EMPLOYEES RECOVERING FROM CALAMITOUS EVENTS BEYOND THEIR CONTROL SUCH AS NATUAL DISASTERS, EXTENDED ILLNESS/INJURY, A LOVED ONE'S DEATH, AND DOMESTIC VIOLENCE. MONEY GOES TO HELP THESE EMPLOYEES MANAGE ESSENTIAL LIVING EXPENSES -- SUCH AS HOUSING, UTILITIES, FOOD, CLOTHING, AND OTHER BASIC NECESSITIES AS THEY STRIVE TO GET BACK ON THEIR FEET.

    Expenses $73,221 · Grants $73,221

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Yvonne Lynch

    PRESIDENT

    Total calculated
    $229,542
    From this org
    $0
    From related orgs
    $218,023
    Other
    $11,519
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $54,446 related
    Bonus
    $0
    Other
    $0 + $163,577 related
    Deferred
    $0 + $11,519 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $229,542 related

  • Elizabeth Boland

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

  • Marguerite Kondracke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

  • Mary Lou Burke Afonso

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

  • Stephen Kramer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J - PART II, COLUMN (B)(III) - YVONNE LYNCH
BASE COMPENSATION FOR THE PRESIDENT OF THE FOUNDATION IS PROVIDED BY THE RELATED TAXABLE ENTITY, BRIGHT HORIZONS CAPITAL CORP. THE PRESIDENT POSITION IS A PART-TIME POSITION. THE AMOUNT IN COLUMN B(I) REPRESENTS COMPENSATION FOR HER ROLE AS PRESIDENT OF THE FOUNDATION. THE OTHER COMPENSATION REPORTED IN COLUMN B (III) REPRESENTS THE PRESIDENT OF THE FOUNDATION'S COMPENSATION (WAGE AND BONUS) FOR HER ROLE AS VICE PRESIDENT OF ENGAGEMENT WITH THE RELATED TAXABLE ENTITY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BRIGHT HORIZONS CAPITAL CORP

    C · CORP CHILD CARE · DE

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2023
IRS schema version
2022v5.0
Source object
202312279349303031

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