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Nonprofiteer
← BRIGHT PROMISE

Form 990 for tax year 2022

Filed by BRIGHT PROMISE.

Totals

Total revenue
$1,362,302
Total expenses
$688,529
Contributions and grants received
$685,655
Grants paid
$194,500
Program service revenue
$549,438
Investment income
$127,209
Other revenue
$0
Total assets, end of year
$3,573,984
Total liabilities, end of year
$1,392,793
Net assets or fund balances, end of year
$2,181,191
Program services expenses (Part IX)
$494,453
Management and general expenses
$57,805
Fundraising expenses
$136,271
Program service expenses (Part III)
$494,453

Program services were 71.8% 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

    $685,655

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

    total $413,100 · related or exempt $413,100

  • 2b · Program service revenue: SGO FEES

    total $136,338 · related or exempt $136,338

  • 3 · Investment income

    total $21,923 · excluded $21,923

  • 7a · Gross sales of assets other than inventory

    securities $1,238,862 · other assets -$258

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

    securities $1,133,318

  • 7c · Gain or loss

    securities $105,544 · other assets -$258

  • 7d · Net gain or loss

    total $105,286 · excluded $105,286

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $194,500 · program services $194,500

  • 5 · Compensation of officers, directors and key employees

    total $82,703 · program services $24,811 · management and general $8,270 · fundraising $49,622

  • 7 · Other salaries and wages

    total $71,698 · program services $62,094 · management and general $8,232 · fundraising $1,372

  • 10 · Payroll taxes

    total $13,985 · program services $7,871 · management and general $1,495 · fundraising $4,619

  • 11b · Fees: legal

    total $32,601 · program services $9,780 · management and general $3,260 · fundraising $19,561

  • 11c · Fees: accounting

    total $24,810 · program services $7,443 · management and general $2,481 · fundraising $14,886

  • 13 · Office expenses

    total $23,228 · program services $6,775 · management and general $746 · fundraising $15,707

  • 14 · Information technology

    total $315 · program services $221 · management and general $47 · fundraising $47

  • 16 · Occupancy

    total $45,596 · program services $31,362 · management and general $8,654 · fundraising $5,580

  • 17 · Travel

    total $8,223 · program services $2,923 · management and general $733 · fundraising $4,567

  • 20 · Interest

    total $28,237 · program services $26,825 · fundraising $1,412

  • 22 · Depreciation, depletion and amortization

    total $24,221 · program services $9,689 · management and general $4,844 · fundraising $9,688

  • 23 · Insurance

    total $15,196 · management and general $15,196

  • 24a · Other expenses: SALES TAX

    total $34,368 · program services $34,368

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $27,097 · program services $27,097

  • 24c · Other expenses: TAXES & LICENSES

    total $21,067 · program services $21,067

  • 24d · Other expenses: CREDIT CARD FEES

    total $10,498 · program services $5,249 · fundraising $5,249

  • 24e · All other expenses

    total $30,186 · program services $22,378 · management and general $3,847 · fundraising $3,961

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $719,722 · end of year $843,269

  • 2 · Savings and temporary cash investments

    beginning of year $42,865 · end of year $200,815

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,620 · end of year $4,702

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

    $883,130

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

    $33,190

  • 10c · Land, buildings and equipment, net

    beginning of year $850,055 · end of year $849,940

  • 11 · Investments: publicly traded securities

    beginning of year $1,420,711 · end of year $1,664,444

  • 14 · Intangible assets

    beginning of year $13,554 · end of year $10,814

  • 15 · Other assets

    beginning of year $56,885

  • 17 · Accounts payable and accrued expenses

    beginning of year $609,248 · end of year $788,065

  • 18 · Grants payable

    beginning of year $248,500 · end of year $166,500

  • 23 · Secured mortgages and notes payable

    beginning of year $714,434 · end of year $438,228

  • 27 · Net assets without donor restrictions

    beginning of year $1,534,755 · end of year $1,912,702

  • 28 · Net assets with donor restrictions

    beginning of year $475 · end of year $268,489

Mission and programs · 2022

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 THIRTEEN 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 $238,277 · Grants $194,500

  • 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 $227,230 · Revenue $413,100

  • 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 $28,946 · Revenue $136,338

As filed on the 2022 return.

Listed in Part VII

  • Steve Blom

    EXECUTIVE DI

    Total calculated
    $82,703
    From this org
    $82,703
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • William Davids

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ryne Deboer

    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

  • Jabari Turner

    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

Provenance

Return type
form_990
Tax year
2022
Filed
17 February 2024
IRS schema version
2022v5.0
Source object
202410579349301466

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