Form 990 for tax year 2024

Totals

Total revenue

$414,704

Total expenses

$432,017

Contributions and grants received

$342,860

Grants paid

$255,483

Program service revenue

$0

Investment income

$502

Other revenue

$71,342

Total assets, end of year

$243,718

Total liabilities, end of year

$12,664

Net assets or fund balances, end of year

$231,054

Program services expenses (Part IX)

$333,580

Management and general expenses

$42,523

Fundraising expenses

$55,914

Program service expenses (Part III)

$333,580

Program services were 77.2% 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.

Mission and programs · 2024

• Resources for Learning: Bright Minds has worked since its founding to remove barriers to learning and ensure students have access to resources they need to succeed. Bright Minds partners with HCPSS to provide emergency assistance and supplies to students experiencing homelessness to reduce education disruption and dropout. Bright Minds also supported investments in science and career and technical education technology, equipment, and supplies used in all high schools; the delivery of out-of-school credit recovery tutoring for at-risk students; and the distribution of 3,723 Chromebooks to families in need. Since 2020, Bright Minds has raised nearly $675,000 for critical educational resources and support that has reached students in all county schools.

  Expenses $155,408 · Grants $89,019

• Teacher Support & Development: Bright Minds Classroom Grants help educators pilot innovative instructional projects that support student success, enrich teaching practices, strengthen school communities, and pilot important projects that can be considered for broader implementation. Since 2009, Bright Minds has awarded $308,354 in grants to more than 200 educators. Bright Minds administers Teacher Externships, which provide summer workplace learning opportunities that strengthen teaching relevance and educator retention. During the last 4 years of the program, 16 externs were hosted by 10 area employers.

  Expenses $84,840 · Grants $77,573

• Early Childhood Literacy: Since 2019, Bright Minds has served as the local affiliate for Dolly Partons nationally-recognized Imagination Library. Our Read With Me-Howard County program sends participating children an age-appropriate book each month from birth through age five. The program builds emergent literacy skills, inspires a love of reading, encourages parent-child interaction, and prepares children for kindergarten. More than 4,257 county children received 91,385 books thus far.

  Expenses $52,126 · Grants $50,591

• Student Scholarships:Bright Minds administers memorial and honorary post-secondary scholarships that help make college more accessible for graduates. Bright Minds has also helped HCPSS students earn college credits and explore career options through the JumpStart dual enrollment program by providing books/course fee scholarships for students eligible for Free and Reduced Meals. Since 2015, Bright Minds has administered 25 scholarship funds and awarded $292,630 in scholarships to more than 650 students from all county schools.

  Expenses $41,206 · Grants $38,300

As filed on the 2024 return.

Listed in Part VII

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.

Provenance

Return type

form_990

Tax year

2024

Filed

31 March 2026

IRS schema version

2024v5.2

Source object

202620909349301247

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