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Nonprofiteer
← BRIGHT FUTURES

Form 990 for tax year 2023

Filed by BRIGHT FUTURES.

Totals

Total revenue
$2,665,718
Total expenses
$2,465,921
Contributions and grants received
$2,647,465
Grants paid
$723,943
Program service revenue
$1,513
Investment income
$16,740
Other revenue
$0
Total assets, end of year
$1,289,151
Total liabilities, end of year
$183,553
Net assets or fund balances, end of year
$1,105,598
Program services expenses (Part IX)
$2,212,690
Management and general expenses
$111,614
Fundraising expenses
$141,617
Program service expenses (Part III)
$2,212,690

Program services were 89.7% 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.

  • 1e · Government grants (contributions)

    $1,965,099

  • 1f · All other contributions, gifts and grants

    $682,366

  • 2a · Program service revenue: CLASS REGISTRATION FEE

    total $1,513 · related or exempt $1,513

  • 3 · Investment income

    total $16,740 · excluded $16,740

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $569,241 · program services $569,241

  • 2 · Grants to domestic individuals

    total $154,702 · program services $154,702

  • 5 · Compensation of officers, directors and key employees

    total $134,398 · program services $114,238 · management and general $6,720 · fundraising $13,440

  • 7 · Other salaries and wages

    total $723,701 · program services $628,205 · management and general $8,321 · fundraising $87,175

  • 10 · Payroll taxes

    total $271,812 · program services $237,384 · management and general $4,568 · fundraising $29,860

  • 11c · Fees: accounting

    total $62,126 · management and general $62,126

  • 11g · Fees: other

    total $348,145 · program services $348,145

  • 13 · Office expenses

    total $39,673 · program services $15,051 · management and general $24,622

  • 16 · Occupancy

    total $52,657 · program services $39,954 · management and general $1,561 · fundraising $11,142

  • 17 · Travel

    total $54,224 · program services $54,224

  • 23 · Insurance

    total $3,396 · management and general $3,396

  • 24a · Other expenses: SUPPLIES AND LEARNING M

    total $51,846 · program services $51,546 · management and general $300

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $699,301 · end of year $829,965

  • 3 · Pledges and grants receivable

    beginning of year $568,544 · end of year $415,353

  • 9 · Prepaid expenses and deferred charges

    beginning of year $252

  • 15 · Other assets

    beginning of year $22,272 · end of year $43,833

  • 17 · Accounts payable and accrued expenses

    beginning of year $327,580 · end of year $41,991

  • 25 · Other liabilities

    beginning of year $56,988 · end of year $141,562

  • 27 · Net assets without donor restrictions

    beginning of year $270,925 · end of year $277,379

  • 28 · Net assets with donor restrictions

    beginning of year $634,876 · end of year $828,219

Mission and programs · 2023

Mission

BRIGHT FUTURES PROVIDES RESOURCES TO IMPROVE THE LIVES OF CHILDREN AND FAMILIES. BRIGHT FUTURES WORKS TO INCREASE THE QUALITY, ACCESSIBILITY AND AVAILABILITY FOR EARLY CARE AND EDUCATION IN SAN MIGUEL, OURAY, MONTROSE, DELTA AND SAN JUAN COUNTIES. BRIGHT FUTURES OFFERS ALIGNED, COLLABORATIVE AND INTEGRATED SERVICES ACCROSS KEY SYSTEMS OF FAMILY SUPPORT AND EARLY CHILDHOOD CARE AND EDUCATION.

Activities or mission (Part I)

BRIGHT FUTURES PROVIDES RESOURCES TO IMPROVE THE LIVES OF CHILDREN AND FAMILIES. BRIGHT FUTURES WORKS TO INCREASE THE QUALITY, ACCESSIBILITY, AND AVAILABILITY OF EARLY CARE AND EDUCATION IN SAN MIGUEL, OURAY, MONTROSE, DELTA, AND SAN JUAN COUNTIES.

  • BRIGHT FUTURES IS DEDICATED TO IMPROVING THE LIVES OF CHILDREN AND FAMILIES IN WESTERN COLORADO THROUGH INTEGRATED SERVICES IN EARLY CHILDHOOD CARE, EDUCATION, AND FAMILY SUPPORT. OPERATING AS AN EARLY CHILDHOOD COUNCIL, FAMILY RESOURCE CENTER, AND THE LOCAL COORDINATING ORGANIZATION (LCO) FOR UNIVERSAL PRESCHOOL (UPK), THE ORGANIZATION SERVES DELTA, MONTROSE, OURAY, SAN MIGUEL, AND SAN JUAN COUNTIES.KEY ACCOMPLISHMENTS IN THE PAST FISCAL YEAR:1) EARLY CHILDHOOD QUALITY & WORKFORCE DEVELOPMENT: 88% OF LICENSED CHILDCARE PROVIDERS ENGAGED IN QUALITY IMPROVEMENT THROUGH COLORADO SHINES. 93 EARLY CHILDHOOD TEACHERS RECEIVED PYRAMID COACHING, POSITIVELY IMPACTING 1,304 CHILDREN. THE ORGANIZATION PROVIDED 53 PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR EARLY EDUCATORS.2) FAMILY SUPPORT SERVICES: TAILORED PROGRAMS STRENGTHENED FAMILIES AND IMPROVED OUTCOMES FOR VULNERABLE CHILDREN (BIRTH-18). THROUGH PARENTS AS TEACHERS (PAT), 336 HOME VISITS WERE CONDUCTED, AND 256 PARENTS ATTENDED WORKSHOPS. THE INTEGRATED SUPPORT SERVICES TEAM SERVED 26 CHILDREN WITH A HOLISTIC, CHILD-CENTERED APPROACH.3) SAN MIGUEL COUNTY EARLY CHILDHOOD SUPPORT: UNDER THE STRONG START PROGRAM, BRIGHT FUTURES ADMINISTERED QUALITY IMPROVEMENT/CAPACITY-BUILDING GRANTS, TEACHER RECOGNITION AWARDS, AND CHILDCARE FINANCIAL ASSISTANCE. A TOTAL OF $714,000 IN GRANTS AND FINANCIAL ASSISTANCE WAS AWARDED. 4) UNIVERSAL PRESCHOOL IMPLEMENTATION: AS THE STATE-APPOINTED LCO, THE ORGANIZATION SUPPORTED FAMILIES, SCHOOL DISTRICTS, AND EARLY CHILDHOOD PROVIDERS IN FIVE COUNTIES TO ENSURE UPK ACCESS. 5) EARLY CHILDHOOD INFRASTRUCTURE & EXPANSION: PARTNERING WITH RURAL HOMES EARLY CHILDHOOD INITIATIVE, THE ORGANIZATION SUPPORTS HOMEOWNERSHIP PATHWAYS FOR FAMILY CHILD CARE PROVIDERS IN OURAY COUNTY. TEMPORARY STATE STIMULUS FUNDING ENABLED INITIATIVES SUCH AS FAMILY CHILD CARE HOME NAVIGATION, AND EXPANDED QUALITY IMPROVEMENT GRANTS. 6) AMERICORPS EARLY CHILDHOOD PILOT PROGRAM: RECRUITED 7 AMERICORPS MEMBERS AT 4 CHILDCARE SITES IN TELLURIDE, MONTROSE, DELTA, AND GUNNISON.BRIGHT FUTURES CONTINUES TO ADDRESS THE REGION'S CHILDCARE GAPS, ENHANCE FAMILY RESILIENCE, AND IMPROVE ACCESS TO HIGH-QUALITY EARLY LEARNING, ENSURING LONG-TERM BENEFITS FOR CHILDREN AND COMMUNITIES.

    Expenses $2,212,690 · Grants $723,943 · Revenue $1,513

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SUSAN ALTMAN

    BOARD CHAIR

    Total calculated
    $1,381
    From this org
    $1,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MATTHEW BAYMA

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ALISON WRIGHT

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN MERRITT

    EXECUTIVE DIRECTOR

    Total calculated
    $162,423
    From this org
    $134,398
    From related orgs
    $0
    Other
    $28,025
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,398
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,025
    Filer's total
    $162,423

  • GLORIA CHAVIRA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HEATHER YOUNG

    BOARD VICE CHAIR

    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. 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

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
10 February 2025
IRS schema version
2023v6.0
Source object
202510509349300431

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