What the amendment changed
Compared with the return it replaced , filed 17 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Both are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $25,639,675
- Total expenses
- $22,261,639
- Contributions and grants received
- $25,501,636
- Grants paid
- $21,301,298
- Program service revenue
- $0
- Investment income
- $110,882
- Other revenue
- $27,157
- Total assets, end of year
- $10,834,060
- Total liabilities, end of year
- $5,024,690
- Net assets or fund balances, end of year
- $5,809,370
- Program services expenses (Part IX)
- $22,054,193
- Management and general expenses
- $207,446
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $22,054,193
Program services were 99.1% 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
$25,501,636
-
3 · Investment income
total $110,882 · related or exempt $0 · unrelated business $0 · excluded $110,882
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: GAIN ON FOREIGN EXCHANGE RATE
total $27,157 · related or exempt $0 · unrelated business $0 · excluded $27,157
-
11e · Other revenue, total
$27,157
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $14,358,691 · program services $14,358,691
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $6,942,607 · program services $6,942,607
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $88,000 · program services $0 · management and general $88,000 · fundraising $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $863,154 · program services $752,895 · management and general $110,259 · fundraising $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $3,973 · program services $0 · management and general $3,973 · fundraising $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: MISCELLANEOUS EXPENSE
total $5,214 · program services $0 · management and general $5,214 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $16,894,333 · end of year $3,433,567
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $2,079,052
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $4,364,255 · end of year $5,321,441
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $835,372 · end of year $282,143
-
18 · Grants payable
beginning of year $5,792,562 · end of year $4,582,685
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $159,862
-
27 · Net assets without donor restrictions
beginning of year $14,630,654 · end of year $5,809,370
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
BRIGHT FUNDS FOUNDATION EXISTS TO EMPOWER PEOPLE TO BE MEANINGFUL, EFFECTIVE, AND ENGAGED PHILANTHROPISTS.
-
THE FOUNDATION PROVIDES A PLATFORM FOR SUPPORTING CHARITABLE PROGRAMS, CHARITABLE INITIATIVES, AND CHARITABLE ORGANIZATIONS IN ORDER TO ENHANCE AND IMPROVE THE LIVES OF THOSE IN NEED. TO ACCOMPLISH THESE PURPOSES, IT WILL ENCOURAGE AND FACILITATE ONLINE GIVING OPPORTUNITIES TO AND FOR ALL 501(C)(3) CHARITABLE ORGANIZATIONS WITH THE GOAL OF INCREASING PHILANTHROPY WHILE DECREASING THE COST OF FUNDRAISING AS A WHOLE BY PROVIDING THE PUBLIC WITH STRAIGHTFORWARD AND SECURE WAYS TO DONATE TO, OR VOLUNTEER FOR, THE CHARITY OF THEIR CHOICE, AND TRACK THEIR GIVING THROUGH STATE OF THE ART INTERNET-BASED TOOLS.
Expenses $22,054,193 · Grants $21,301,298 · Revenue $25,501,636
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
SRINAGESH VITTHALANA
President
- Total calculated
- $0
- Hours/week
- 3
-
ANDREW FLACHNER
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
CLIFF GOLDSTEIN
TREASURER
- 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
No itemized grants to organizations 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.
-
C corp · COMMERCIAL FU · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503459349301950
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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