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← BRIGHTER FINANCIAL FUTURES INC PENNSYLVANIA COUNCIL OF FINANCIAL

Form 990 for tax year 2022

Filed by BRIGHTER FINANCIAL FUTURES INC PENNSYLVANIA COUNCIL OF FINANCIAL.

Totals

Total revenue
$236,308
Total expenses
$245,547
Contributions and grants received
$236,308
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$249,630
Total liabilities, end of year
$3,042
Net assets or fund balances, end of year
$246,588
Program services expenses (Part IX)
$229,861
Management and general expenses
$12,669
Fundraising expenses
$3,017
Program service expenses (Part III)
$229,861

Program services were 93.6% 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.

  • 1a · Federated campaigns

    $157,600

  • 1f · All other contributions, gifts and grants

    $78,708

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $110,526 · program services $105,020 · management and general $2,753 · fundraising $2,753

  • 7 · Other salaries and wages

    total $552 · program services $414 · management and general $138

  • 10 · Payroll taxes

    total $8,595 · program services $8,054 · management and general $277 · fundraising $264

  • 11c · Fees: accounting

    total $3,810 · management and general $3,810

  • 11g · Fees: other

    total $189 · management and general $189

  • 13 · Office expenses

    total $493 · management and general $493

  • 14 · Information technology

    total $1,623 · management and general $1,623

  • 17 · Travel

    total $1,738 · management and general $1,738

  • 23 · Insurance

    total $1,648 · management and general $1,648

  • 24a · Other expenses: ENTREPENUERSHIP

    total $78,140 · program services $78,140

  • 24b · Other expenses: PERSONAL FINANCE

    total $38,233 · program services $38,233

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $262,697 · end of year $249,630

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,870 · end of year $3,042

  • 27 · Net assets without donor restrictions

    beginning of year $255,827 · end of year $246,588

Mission and programs · 2022

Mission

TO PROVIDE K-12 STUDENTS WITH KNOWLEDGE OF ECONOMICS AND THE U.S. FREE-MARKET SYSTEM, AND SUPPORT PROGRAMS THAT DEVELOP STUDENTS' SKILLS IN PERSONAL FINANCE, ENTREPRENEURSHIP, AND SMALL BUSINESS TO ELEVATE THEIR STANDARD OF LIVING, QUALITY OF LIFE, AND PROFESSIONAL SUCCESS.

  • USE OF STOCK MARKET SIMULATION SOFTWARE TO CREATE UNIQUE LEARNING EXPERIENCES AND COMPETITIONS FOR STUDENTS' THAT INCREASE THEIR KNOWLEDGE OF FREE MARKETS, ECONOMICS, PERSONAL FINANCE, SAVINGS, AND INVESTING.

    Expenses $95,392 · Revenue $64,917

  • CONDUCT SEMINARS AND SPONSOR COMPETITIONS THAT ENHANCE STUDENT'S KNOWLEDGE OF ENTREPRENEURSHIP AND INCREASE THEIR ABILTIY TO START AND MANAGE SMALL BUSINESSES.

    Expenses $134,469 · Revenue $92,683

As filed on the 2022 return.

Listed in Part VII

  • Alan W Dakey

    CHAIRMAN OF THE BOARD, PRE

    Total calculated
    $0
    Hours/week
    10

  • Carolyn A Shirk

    VICE PRESIDENT

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Donna Gavitt M Ed

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Ronald Kabonick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
27 February 2024
IRS schema version
2022v5.0
Source object
202440589349301959

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