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Nonprofiteer
← BRIGHT PROMISES FOUNDATION

Form 990 for tax year 2023

Filed by BRIGHT PROMISES FOUNDATION.

Totals

Total revenue
$1,465,878
Total expenses
$980,501
Contributions and grants received
$1,250,940
Grants paid
$534,416
Program service revenue
$0
Investment income
$252,600
Other revenue
-$37,662
Total assets, end of year
$6,252,199
Total liabilities, end of year
$186,690
Net assets or fund balances, end of year
$6,065,509
Program services expenses (Part IX)
$693,637
Management and general expenses
$229,075
Fundraising expenses
$57,789
Program service expenses (Part III)
$693,637

Program services were 70.7% 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.

  • 1c · Fundraising events

    $107,926

  • 1f · All other contributions, gifts and grants

    $1,143,014

  • 3 · Investment income

    total $96,356 · excluded $96,356

  • 7a · Gross sales of assets other than inventory

    securities $431,753

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

    securities $275,509

  • 7c · Gain or loss

    securities $156,244

  • 7d · Net gain or loss

    total $156,244 · related or exempt $156,244

  • 8a · Fundraising events: gross income

    $4,525

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

    $107,926

  • 8b · Fundraising events: direct expenses

    $43,687

  • 8c · Net income from fundraising events

    total -$39,162 · excluded -$39,162

  • 11a · Other revenue: OTHER

    total $1,500 · related or exempt $1,500

  • 11e · Other revenue, total

    $1,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $534,416 · program services $534,416

  • 5 · Compensation of officers, directors and key employees

    total $93,726 · program services $23,932 · management and general $45,863 · fundraising $23,931

  • 7 · Other salaries and wages

    total $155,760 · program services $69,075 · management and general $62,750 · fundraising $23,935

  • 9 · Other employee benefits

    total $3,649 · program services $932 · management and general $1,785 · fundraising $932

  • 10 · Payroll taxes

    total $7,171 · program services $1,832 · management and general $3,508 · fundraising $1,831

  • 11a · Fees: management

    total $6,023 · management and general $6,023

  • 11c · Fees: accounting

    total $30,426 · program services $491 · management and general $29,935

  • 11f · Fees: investment management

    total $37,150 · management and general $37,150

  • 11g · Fees: other

    total $68,976 · program services $56,047 · management and general $12,929

  • 12 · Advertising and promotion

    total $3,433 · management and general $3,433

  • 13 · Office expenses

    total $10,368 · program services $201 · management and general $8,573 · fundraising $1,594

  • 14 · Information technology

    total $16,888 · program services $6,250 · management and general $8,688 · fundraising $1,950

  • 23 · Insurance

    total $2,362 · management and general $2,362

  • 24a · Other expenses: OTHER

    total $7,516 · program services $461 · management and general $3,439 · fundraising $3,616

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,637 · management and general $2,637

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $148,492 · end of year $131,807

  • 2 · Savings and temporary cash investments

    beginning of year $538,029 · end of year $156,403

  • 4 · Accounts receivable

    beginning of year $80,125 · end of year $3,192

  • 9 · Prepaid expenses and deferred charges

    end of year $1,855

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

    $3,202

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

    $3,202

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,018,779 · end of year $5,958,942

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,680 · end of year $10,690

  • 18 · Grants payable

    beginning of year $112,200 · end of year $176,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,213,693 · end of year $4,515,167

  • 28 · Net assets with donor restrictions

    beginning of year $1,435,852 · end of year $1,550,342

Mission and programs · 2023

Mission

TO IDENTIFY, FUND, AND SHARE SOLUTIONS TO UNDERRECOGNIZED NEEDS OF CHILDREN AND YOUTH MOST ADVERSELY IMPACTED BY INEQUITY.

Activities or mission (Part I)

TO IDENTIFY, FUND, AND SHARE SOLUTIONS TO UNDERRECOGNIZED NEEDS OF CHILDREN AND YOUTH MOST ADVERSELY IMPACTED BY INEQUITY. WE MONITOR THE PROGRAMS WE FUND AND SHARE THE KNOWLEDGE WE GAIN WITH OTHERS.

  • REVIEWED PROPOSALS AND AWARDED GRANTS TO ORGANIZATIONS TO IMPROVE EARLY CHILDHOOD CENTERS, BUILD PARENT/CAREGIVER CAPACITY TO SUPPORT CHILDREN'S SOCIAL/EMOTIONAL LEARNING, AND RESPOND TO CHILDHOOD TRAUMA.MONITORED IMPLEMENTATION OF GRANTEES AND GATHERED KNOWLEDGE TO SHARE WITH OTHERS.ENCOURAGED YOUNG PEOPLE TO WORK IN THE NON-PROFIT ARENA FOR CHILDREN BY OFFERING THREE AWARDS, ONE TO A YOUNG PERSON IN THE FIELD, ONE TO AN ACCOMPLISHED LEADER AND ONE TO A CIVIC LEADER.

    Expenses $693,637 · Grants $534,416

As filed on the 2023 return.

Listed in Part VII

  • Nancy Snyder

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Andreason Brown

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Scott Bishop

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nannette Zander

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dean Benson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ryan Biller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nick Bruce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Neelamjit Dhaliwal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Maricela Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Deepak Guar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Randall Hardy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kenneth Jennings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Nierman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sendhil Revuluri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Baronica Roberson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jay Rosenbloom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Amanda Vallejo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • James Hirsch

    EXECUTIVE DIRECTOR

    Total calculated
    $87,290
    From this org
    $84,125
    From related orgs
    $0
    Other
    $3,165
    Hours/week
    40

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.

Schedule J

Answered yes

  • 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

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

Provenance

Return type
form_990
Tax year
2023
Filed
23 September 2024
IRS schema version
2023v5.1
Source object
202432709349300123

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

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