Bright Horizons Foundation For Children
- Assets
- $1.5m
- Revenue
- $393.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, MA
- Founding
- 10/1999
- Data as of
- 12/2023
- EIN
- 62-1782263
Organization Overview
Bright Horizons Foundation For Children is located in Newton, MA. The organization was established in 1999. 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. Bright Horizons Foundation For Children 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 12/2023, Bright Horizons Foundation For Children generated $393.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $403.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bright Horizons Foundation For Children has awarded 116 individual grants totaling $1,673,528. 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 HORIZONS EMPLOYEES ARE UNIQUELY MISSION DRIVEN, BRINGING THE SAME COMMITMENT TO THEIR COMMUNITIES AS THEY DO THEIR WORK. THE BRIGHT HORIZONS FOUNDATION FOR CHILDREN, A NONPROFIT ORGANIZATION, GIVES THEM THE RESOURCES TO FULLY ENGAGE THOSE PASSIONS, TO BECOME A BEACON OF GOOD, AND TO HAVE REAL IMPACT ON CHILDREN, FAMILIES, AND THE COMMUNITIES WHERE THEY LIVE AND WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1999, WE HAVE OPENED MORE THAN 300 BRIGHT SPACES THAT TODAY SERVE MORE THAN 130,000 CHILDREN ANNUALLY. THESE BRIGHT SPACES PROVIDE UNIQUE HUBS OF ACTIVITY FOR CHILDREN TO PLAY, GATHER WITH FAMILIES, AND RECEIVE THE SERVICES THEY NEED IN HOMELESS SHELTERS AND OTHER COMMUNITY AGENCIES. THE FOUNDATION ALSO FOSTERS EMPLOYEE VOLUNTEERISM THROUGH BRIGHTENING LIVES ACTIVITY GRANTS AND GLEASON VOLUNTEER GRANTS. ANNUALLY, THOUSANDS OF VOLUNTEERS PERFORM VALUABLE COMMUNITY SERVICE IN BRIGHT SPACES AND OTHER NONPROFIT AGENCIES ACROSS THE US.
THE BRIGHT HORIZONS EMPLOYEE RELIEF FUND OFFERS FINANCIAL ASSISTANCE TO EMPLOYEES RECOVERING FROM CALAMITOUS EVENTS BEYOND THEIR CONTROL SUCH AS NATUAL DISASTERS, EXTENDED ILLNESS/INJURY, A LOVED ONE'S DEATH, AND DOMESTIC VIOLENCE. MONEY GOES TO HELP THESE EMPLOYEES MANAGE ESSENTIAL LIVING EXPENSES -- SUCH AS HOUSING, UTILITIES, FOOD, CLOTHING, AND OTHER BASIC NECESSITIES AS THEY STRIVE TO GET BACK ON THEIR FEET.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne Lynch President | OfficerTrustee | 20 | $0 |
Elizabeth Boland Treasurer | OfficerTrustee | 0.5 | $0 |
Marguerite Kondracke Board Member | Trustee | 0.5 | $0 |
Mary Lou Burke Afonso Board Member | Trustee | 0.5 | $0 |
Stephen Kramer Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $139,031 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,669 |
| Total Program Service Revenue | $0 |
| Investment income | $44,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $911 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $393,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $242,195 |
| Grants and other assistance to domestic individuals. | $51,896 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,460 |
| Advertising and promotion | $0 |
| Office expenses | $12,687 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,108 |
| 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 | $0 |
| All other expenses | $48,863 |
| Total functional expenses | $403,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,662 |
| Savings and temporary cash investments | $1,420,007 |
| Pledges and grants receivable | $8,229 |
| 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 | $3,010 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,538,908 |
| Accounts payable and accrued expenses | $7,540 |
| 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 | $0 |
| Total liabilities | $7,540 |
| Net assets without donor restrictions | $985,805 |
| Net assets with donor restrictions | $545,563 |
| 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 | $1,538,908 |
Grants Awarded
Over the last fiscal year, Bright Horizons Foundation For Children has awarded $218,356 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
HORIZONS FOR HOMELESS PURPOSE: TO SUPPORT ACTIVITIES FOR CHILDREN | $50,000 |
CATHOLIC CHARITIES OF THE RIO GRANDE VALLEY PURPOSE: TO SUPPORT CHILDREN AND FAMILITES IN TRANSITIONAL SHELTER | $8,609 |
HESED HOUSE PURPOSE: TO CREATE A BRIGHT SPACE | $11,365 |
UMASS MEMORIAL HEALTH PURPOSE: TO SUPPORT CHILDREN AND FAMILITES IN TRANSITIONAL SHELTER | $8,000 |
GINI'S HOUSE LIBERATION PROGRAM PURPOSE: TO CREATE A BRIGHT SPACE | $6,845 |
THE CITY CENTER TRANSITIONAL LIVING PURPOSE: TO CREATE A BRIGHT SPACE | $16,962 |