Bright Futures Foundation

Organization Overview

Bright Futures Foundation is located in Glenview, IL. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Futures Foundation 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 12/2021, Bright Futures Foundation generated $267.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $82.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BRIGHT FUTURES PROVIDES SCHOLARSHIP FUNDS FOR EMPLOYEES OF VI AT THE GLEN WHO WISH TO TAKE EDUCATIONAL OR VOCATIONAL COURSES BEYOND HIGH SCHOOL WHILE STILL EMPLOYED AT THE VI. FUNDS ARE USUALLY PAID DIRECTLY TO SCHOOL ATTENDED. IN 2021, 18 EMPLOYEES WERE AWARDED GRANTS COVERING TUITION, FEES AND BOOKS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SCHOLARSHIPS TO OBTAIN POST HIGH SCHOOL EDUCATION


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$262,822
Noncash contributions included in lines 1a–1f $39,895
Total Revenue from Contributions, Gifts, Grants & Similar$262,822
Total Program Service Revenue$0
Investment income $4,810
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 $267,632

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Bright Futures Foundation has recieved totaling $37,650.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$25,150
Hussey Foundation

Wilmette, IL

PURPOSE: TO SUPPORT THE PURPOSES OF THE ORGANIZATION.

$10,000
Saltzman Family Foundation

Glenview, IL

PURPOSE: UNRESTRICTED

$2,500
View Grant Recipient Profile

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