Bright Promises Foundation
- Assets
- $5.7m
- Revenue
- $675.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 05/1921
- Data as of
- 12/2021
- EIN
- 36-2182047
Organization Overview
Bright Promises Foundation is located in Chicago, IL. The organization was established in 1921. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Promises 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 Promises Foundation generated $675.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $766.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bright Promises Foundation has awarded 78 individual grants totaling $1,588,009. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION CREATES OPPORTUNITIES FOR ILLINOIS CHILDREN TO REACH THEIR FULL PROMISE AND POTENTIAL BY DELIVERING RESOURCES TO OTHER ORGANIZATIONS THAT SOLVE PROBLEMS CHILDREN CONFRONT. WE MONITOR THE PROGRAMS WE FUND AND SHARE THE KNOWLEDGE WE GAIN WITH OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVIEWED PROPOSALS AND AWARDED GRANTS TO AGENCIES 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gaylord Gieseke President | OfficerTrustee | 1.5 | $0 |
Marilyn Eisenberg Vice President | OfficerTrustee | 1 | $0 |
Jay Rosenbloom Treasurer | OfficerTrustee | 1 | $0 |
Ed Davies Secretary | OfficerTrustee | 1 | $0 |
Scott Bishop Director | Trustee | 0.5 | $0 |
Andreason Brown Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $84,059 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,901 |
| Total Program Service Revenue | $0 |
| Investment income | $71,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $309,941 |
| Net Income from Fundraising Events | -$22,765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $453,000 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $86,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,708 |
| Fees for services: Other | $79,156 |
| Advertising and promotion | $3,659 |
| Office expenses | $2,057 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,452 |
| All other expenses | $3,761 |
| Total functional expenses | $766,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,878 |
| Savings and temporary cash investments | $177,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,722 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,258,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,719,046 |
| Accounts payable and accrued expenses | $66,957 |
| Grants payable | $80,000 |
| 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 | $0 |
| Total liabilities | $146,957 |
| Net assets without donor restrictions | $3,904,290 |
| Net assets with donor restrictions | $1,667,799 |
| 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 | $5,719,046 |
Grants Awarded
Over the last fiscal year, Bright Promises Foundation has awarded $453,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: SOCIAL EMOTIONAL LEARNING HOME CARE | $105,000 |
Chicago, IL PURPOSE: HEALING LEADING CHANGING | $40,000 |
Chicago, IL PURPOSE: HEALING LEADING CHANGING | $40,000 |
Chicago, IL PURPOSE: HEALING LEADING CHANGING | $40,000 |
Chicago, IL PURPOSE: HEALING LEADING CHANGING | $40,000 |
Chicago, IL PURPOSE: SOCIAL EMOTIONAL LEARNING HOME CARE | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Bright Promises Foundation has recieved totaling $91,230.
| Awarding Organization | Amount |
|---|---|
The Christopher Family Foundation Westmont, IL PURPOSE: HEALING, LEADING, CHANGING: SUPPORTING YOUTH TO ADDRESS TRAUMA CAUSED BY RACISM IN ALL OF ITS FORMS & CREATING HEALING SPACES FOR YOUTH | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $18,100 |
The Bill Bass Foundation Chicago, IL PURPOSE: GENERAL PURPOSE | $10,000 |
David And Susan Kreisman Family Foundation Inc Delray Beach, FL PURPOSE: GRANT | $10,000 |
The Pritzker Pucker Family Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Robert & Terri Cohn Family Foundation Naples, FL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humane Society Of Missouri St Louis, MO | $118,285,076 | $34,513,821 |
Paws Chicago Chicago, IL | $110,792,054 | $25,583,690 |
Wisconsin Humane Society Milwaukee, WI | $36,623,524 | $17,852,379 |
Anti-Cruelty Society Chicago, IL | $66,596,441 | $14,208,657 |
Animal Rescue League Of Iowa Incorporated Des Moines, IA | $10,042,927 | $8,401,335 |
Humane Society Of Indianapolis Inc Indianapolis, IN | $5,932,598 | $6,642,326 |
Kentucky Humane Society Louisville, KY | $24,399,127 | $11,144,330 |
Wayside Waifs Inc Kansas City, MO | $33,809,848 | $10,620,138 |
Kansas City Pet Project Kansas City, MO | $1,985,562 | $5,802,344 |
Dane County Humane Society Madison, WI | $10,653,807 | $5,998,603 |
Anderson Animal Shelter South Elgin, IL | $4,292,021 | $3,393,756 |
Lexington Humane Society Lexington, KY | $7,597,394 | $5,654,522 |