Brighter Days Foundation
- Assets
- $262.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- N Canton, OH
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 45-3601700
Organization Overview
Brighter Days Foundation is located in N Canton, OH. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brighter Days 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 12/2022, Brighter Days Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $997.9k during the year ending 12/2022. While expenses have increased by 7.5% per year over the past 8 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 2015, Brighter Days Foundation has awarded 81 individual grants totaling $2,797,148. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRIGHTER DAYS INVITATIONAL WILL PRIMARILY BENEFIT STOWE MISSION OF CENTRAL OHIO, AN INNER-CITY ORGANIZATION PROVIDING HEALTHCARE, HUNGER SOLUTIONS, EDUCATION PROGRAMS AND MINISTRY OUTREACH TO COLUMBUS'S MOST VULNERABLE CITIZENS.
THE BRIGHTER DAYS INVITATIONAL WILL BENEFIT THE MAGICAL MOMENTS FOUNDATION WHICH WORKS TO GRANT WISHES TO CHILDREN WITH FACIAL DIFFERENCES.
THE BRIGHTER DAYS INVITATIONAL WILL BENEFIT THE OHIO STATE UNIVERSITY TO PROVIDE SCHOLARSHIP OPPORTUNITIES.
THE BRIGHTER DAYS INVITATIONAL WILL BENEFIT ANGELA PRINCE WITH GRANTS TO ASSIST WITH MEDICAL EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen L Day Pres/dir | 15 | $0 | |
Jason A Day VP / Dir | 5 | $0 | |
William R Martin Treas/dir | 5 | $0 | |
Clark Harvey Foundation Mgr. | 40 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,225 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,014,418 |
| Total Revenue | $1,079,643 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $637,916 |
| Total operating and administrative expenses | $787,916 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $997,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,907 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $262,907 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Brighter Days Foundation has awarded $210,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
STOWE MISSION PURPOSE: GENERAL EXEMPT FUNCTION | $175,000 |
WALKING FOR KIDS FOUNDATION PURPOSE: GENERAL EXEMPT FUNCTION | $2,500 |
OHIO UNIVERSITY PURPOSE: PROVIDE COLLEGE SCHOLARSHIPS | $3,500 |
OHIO STATE UNIVERSITY PURPOSE: PROVIDE COLLEGE SCHOLARSHIPS | $5,000 |
KENT STATE UNIVERSITY PURPOSE: PROVIDE COLLEGE SCHOLARSHIPS | $3,500 |
ASHLAND UNIVERSITY PURPOSE: PROVIDE COLLEGE SCHOLARSHIPS | $3,500 |