Bright Futures
- Assets
- $1.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 31
- Location
- Telluride, CO
- Founding
- 08/2005
- Data as of
- 06/2023
- EIN
- 20-2169766
Organization Overview
Bright Futures is located in Telluride, CO. The organization was established in 2005. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2023, Bright Futures employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Futures is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Bright Futures generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 10.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bright Futures has awarded 25 individual grants totaling $1,412,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRIGHT FUTURES PROVIDES RESOURCES TO IMPROVE THE LIVES OF CHILDREN AND FAMILIES. BRIGHT FUTURES WORKS TO INCREASE THE QUALITY, ACCESSIBILITY, AND AVAILABILITY OF EARLY CARE AND EDUCATION IN SAN MIGUEL, OURAY, MONTROSE, DELTA, AND SAN JUAN COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIGHT FUTURES PROVIDES COACHING, NAVIGATION, AND RESOURCES TO IMPROVE THE QUALITY OF EARLY CHILDHOOD EDUCATION IN SAN MIGUEL, OURAY, MONTROSE, DELTA, AND SAN JUAN COUNTIES. THROUGH COACHING, TRAINING AND NAVIGATION, CHILDCARE PROVIDERS ARE ENGAGED IN QUALITY IMPROVEMENT AND ELEVATING EARLY CHILDHOOD TEACHER INTERACTIONS WITH YOUNG CHILDREN. OVER THE PAST YEAR, A TOTAL OF 45 FREE PROFESSIONAL DEVELOPMENT TRAININGS WERE DELIVERED. BRIGHT FUTURES WAS APPOINTED BY THE COLORADO DEPARTMENT OF EARLY CHILDHOOD TO BE THE LOCAL COORDINATING ORGANIZATION FOR THE IMPLEMENTATION OF UNIVERSAL PRESCHOOL (UPK) WITHIN OUR CATCHMENT AREA. TO DATE, WE'VE ASSISTED WITH ONBOARDING 35 MIXED-DELIVERY PRESCHOOL PROVIDERS TO ACCEPT UPK AND ASSISTED FAMILIES IN NAVIGATING UPK FOR THEIR CHILDREN. TO DATE, 774 CHILDREN ARE RECEIVING UPK AS A RESULT OF OUR EFFORTS. ADDITIONALLY, BRIGHT FUTURES INCREASES POSITIVE OUTCOMES FOR VULNERABLE, AT-RISK CHILDREN AND FAMILIES THROUGH EVIDENCE-BASED PRACTICES AND PROGRAMS INCLUDING: (1) PARENTS AS TEACHERS (PAT) PROVIDING HOME VISITS AND GROUP CONNECTIONS FOR FAMILIES. 373 HOME VISITS WERE CONDUCTED. AS A RESULT, PARENTS PARTICIPATING IN PAT INCREASED THEIR ABILITY TO TEACH THEIR CHILDREN BOTH SCHOOL READINESS SKILLS LIKE LETTERS, NUMBERS, AND SHAPES AND SOCIAL-EMOTIONAL SKILLS LIKE PROBLEM-SOLVING, RESILIENCE, AND SELF-REGULATION. (2) PARENTING WORKSHOPS 223 ATTENDEES PARTICIPATED IN PARENTING WORKSHOPS. (3) COLLABORATIVE MANAGEMENT PROGRAM 22 CHILDREN WERE SERVED THROUGH THIS FAMILY AND CHILD-CENTERED APPROACH TO SUPPORTING VULNERABLE FAMILIES THROUGH A MULTI-AGENCY TEAM APPROACH. (4) TUITION ASSISTANCE WAS AWARDED ON BEHALF OF 58 CHILDREN TO INCREASE ACCESS TO EARLY CHILDHOOD EDUCATION FOR LOW-INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Altman Board Chair | OfficerTrustee | 2 | $0 |
Matthew Bayma Board Treasurer | OfficerTrustee | 0.5 | $0 |
Alison Wright Board Secretary | OfficerTrustee | 0.5 | $0 |
Kathleen Merritt Executive Director | Trustee | 40 | $134,488 |
Gloria Chavira Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Healthcare Health Insurance | 6/29/23 | $128,306 |
Primetime Early Learning Center Education | 6/29/23 | $114,840 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,729,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $799,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,529,275 |
| Total Program Service Revenue | $2,130 |
| Investment income | $3,729 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,535,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $489,401 |
| Grants and other assistance to domestic individuals. | $147,796 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,497 |
| Compensation of current officers, directors, key employees. | $10,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $515,970 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $206,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $693,630 |
| Advertising and promotion | $0 |
| Office expenses | $62,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,294 |
| Travel | $44,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,277 |
| All other expenses | $2,140 |
| Total functional expenses | $2,362,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $699,301 |
| Pledges and grants receivable | $568,544 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $252 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,272 |
| Total assets | $1,290,369 |
| Accounts payable and accrued expenses | $327,580 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,988 |
| Total liabilities | $384,568 |
| Net assets without donor restrictions | $270,925 |
| Net assets with donor restrictions | $634,876 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,290,369 |
Grants Awarded
Over the last fiscal year, Bright Futures has awarded $488,090 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ELAINE'S PLACE TELLURIDE LLC PURPOSE: FUNDS USED TO SUPPORT PROFESSIONAL DEVELOPMENT , FINANCIAL ASSISTANCE TO FAMILIES FOR CHILDCARE, AS WELL AS CAPACITY BUILDING AND QUALITY IMPROVEMENT TO CHILDCARE PROVIDERS. | $38,231 |
MOUNTAIN MUNCHKINS PURPOSE: SEE COMMENT ABOVE. | $89,582 |
MOUNTAIN SPROUTS PURPOSE: SEE COMMENT ABOVE. | $46,010 |
PRIMETIME EARLY LEARNING CENTER PURPOSE: SEE COMMENT ABOVE. | $114,840 |
RASCALS TODDLER PROGRAM PURPOSE: SEE COMMENT ABOVE. | $28,021 |
RAINBOW PRESCHOOL PURPOSE: SEE COMMENT ABOVE. | $62,475 |