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Nonprofiteer
← BRIGHT PROMISE

Form 990 for tax year 2023

Filed by BRIGHT PROMISE.

Totals

Total revenue
$1,035,388
Total expenses
$713,310
Contributions and grants received
$221,857
Grants paid
$250,500
Program service revenue
$740,597
Investment income
$72,934
Other revenue
$0
Total assets, end of year
$3,158,540
Total liabilities, end of year
$558,859
Net assets or fund balances, end of year
$2,599,681
Program services expenses (Part IX)
$522,942
Management and general expenses
$59,726
Fundraising expenses
$130,642
Program service expenses (Part III)
$522,942

Program services were 73.3% 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.

  • 1f · All other contributions, gifts and grants

    $221,857

  • 2a · Program service revenue: NEW TO YOU - SALES

    total $419,031 · related or exempt $419,031

  • 2b · Program service revenue: SGO FEES

    total $321,566 · related or exempt $321,566

  • 3 · Investment income

    total $38,525 · excluded $38,525

  • 7a · Gross sales of assets other than inventory

    securities $159,700 · other assets $30,648

  • 7b · Less cost or other basis and sales expenses

    securities $155,939

  • 7c · Gain or loss

    securities $3,761 · other assets $30,648

  • 7d · Net gain or loss

    total $34,409 · related or exempt -$241 · excluded $34,650

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,500 · program services $250,500

  • 5 · Compensation of officers, directors and key employees

    total $86,911 · program services $26,073 · management and general $8,691 · fundraising $52,147

  • 7 · Other salaries and wages

    total $83,336 · program services $70,765 · management and general $10,775 · fundraising $1,796

  • 10 · Payroll taxes

    total $14,958 · program services $8,508 · management and general $1,710 · fundraising $4,740

  • 11b · Fees: legal

    total $1,732 · program services $519 · management and general $173 · fundraising $1,040

  • 11c · Fees: accounting

    total $23,458 · program services $7,038 · management and general $2,346 · fundraising $14,074

  • 12 · Advertising and promotion

    total $7,420 · program services $1,484 · fundraising $5,936

  • 13 · Office expenses

    total $9,503 · program services $3,095 · management and general $421 · fundraising $5,987

  • 14 · Information technology

    total $2,973 · program services $1,082 · management and general $571 · fundraising $1,320

  • 16 · Occupancy

    total $43,841 · program services $29,958 · management and general $8,303 · fundraising $5,580

  • 17 · Travel

    total $5,211 · program services $1,815 · management and general $539 · fundraising $2,857

  • 20 · Interest

    total $18,671 · program services $17,737 · fundraising $934

  • 22 · Depreciation, depletion and amortization

    total $23,853 · program services $9,541 · management and general $4,771 · fundraising $9,541

  • 23 · Insurance

    total $14,367 · management and general $14,367

  • 24a · Other expenses: SALES TAX

    total $36,673 · program services $36,673

  • 24b · Other expenses: PROFESSIONAL FEES

    total $29,920 · program services $8,976 · management and general $2,992 · fundraising $17,952

  • 24c · Other expenses: CONFERENCES & WORKSHOPS

    total $16,800 · program services $16,800

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $13,053 · program services $13,053

  • 24e · All other expenses

    total $30,130 · program services $19,325 · management and general $4,067 · fundraising $6,738

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $843,269 · end of year $49,499

  • 2 · Savings and temporary cash investments

    beginning of year $200,815 · end of year $461,897

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,702 · end of year $5,968

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

    $883,130

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

    $55,095

  • 10c · Land, buildings and equipment, net

    beginning of year $849,940 · end of year $828,035

  • 11 · Investments: publicly traded securities

    beginning of year $1,664,444 · end of year $1,804,275

  • 14 · Intangible assets

    beginning of year $10,814 · end of year $8,866

  • 17 · Accounts payable and accrued expenses

    beginning of year $788,065 · end of year $10,343

  • 18 · Grants payable

    beginning of year $166,500 · end of year $150,500

  • 23 · Secured mortgages and notes payable

    beginning of year $438,228 · end of year $398,016

  • 27 · Net assets without donor restrictions

    beginning of year $1,912,702 · end of year $2,235,096

  • 28 · Net assets with donor restrictions

    beginning of year $268,489 · end of year $364,585

Mission and programs · 2023

Mission

TO STRENGTHEN AND SUSTAIN PARTNER CHRISTIAN SCHOOLS BY GENERATING NEW SOURCES OF REVENUE SO THAT MORE FAMILIES MAY EXPERIENCE THE BENEFIT FROM URBAN CHRISTIAN EDUCATION.

  • THE FUNDS RAISED WILL BE DIVIDED AMONG THE FIFTEEN AFFILIATED CHRISTIAN SCHOOLS IT SERVES, IN THE CONFIDENCE THAT EACH LOCAL SCHOOL BOARD KNOWS BEST AS TO WHICH PRIORITIES TO ADDRESS. MOST OFTEN, THE HIGHEST PRIORITY IS PROVIDING TUITION ASSISTANCE TO FAMILIES IN NEED. OTHER PRIORITIES MAY INCLUDE EMERGENCY CAPITAL NEEDS OR PROFESSIONAL DEVELOPMENT FOR TEACHERS AND ADMINISTRATORS.

    Expenses $302,324 · Grants $250,500

  • THE ORGANIZATION NOW INCLUDES NEW TO YOU UPSCALE RESALE. PROCEEDS WILL BE USED TO PROVIDE A PROFESSIONAL NETWORK FOR CHRISTIANS INVOLVED IN PRIVATE, PUBLIC, AND CHRISTIAN EDUCATION IN URBAN NORTH AMERICA.

    Expenses $204,099 · Revenue $419,031

  • THE ORGANIZATION IS A SCHOLARSHIP GRANTING ORGANIZATION UNDER THE ILLINOIS INVEST IN KIDS SCHOLARSHIP TAX CREDIT PROGRAM. THE ORGANIZATION RECEIVES CONTRIBUTIONS AND ISSUES SCHOLARSHIPS TO MEMBER SCHOOLS ON BEHALF OF ELIGIBLE STUDENTS.

    Expenses $16,519 · Revenue $321,566

As filed on the 2023 return.

Listed in Part VII

  • Steve Blom

    EXECUTIVE DI

    Total calculated
    $86,911
    From this org
    $86,911
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ryne Deboer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ken Erffmeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Lou Fan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Amy Groenewold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Clarence Medema

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Anne Vanderweele

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Chris Wiesehan

    PRESIDENT/TR

    Total calculated
    $0
    Hours/week
    3

  • Ted Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202521329349303952

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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