Brighter Sky Foundation
- Assets
- $509.2k
- Revenue
- $97.0k
- Investments
- $486.8k
- Employees
- 0
- Location
- Bulverde, TX
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 74-2831546
Organization Overview
Brighter Sky Foundation is located in Bulverde, TX. The organization was established in 1998. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brighter Sky 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 12/2023, Brighter Sky Foundation generated $97.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $127.9k during the year ending 12/2023. While expenses have increased by 6.3% 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 2016, Brighter Sky Foundation has awarded 28 individual grants totaling $852,056. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Camilla Ritchey Co-President And Director | 0.5 | $0 | |
Roy Adell Vice-President And Director | 0 | $0 | |
Leila Adell Co-President And Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,420 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,539 |
| Capital Gain Net Income | $58,539 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $356 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $5,921 |
| Contributions, gifts, grants paid | $121,934 |
| Total expenses and disbursements | $127,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,430 |
| 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 | $145,366 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $509,198 |
| 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 Sky Foundation has awarded $121,934 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN ISD PURPOSE: FUNDING SOCIAL WORKER AT EASTSIDE EARLY COLLEGE HIGH SCHOOL SALARY FOR A YEAR | $11,425 |
LEILA ADELL PURPOSE: FUNDING SOCIAL WORKER'S CONFERENCE EXPENSE | $410 |
SAISD FOUNDATION PURPOSE: FUNDING SOCIAL WORKER AT EASTSIDE EARLY COLLEGE HIGH SCHOOL SALARY FOR A YEAR | $60,000 |
AUSTIN EAST SIDE EARLY COLLEGE HIGH SCHOOL PURPOSE: GIFT CARD FOR KIDS WINTER JACKETS | $250 |
FREDERICKSBURG ISD PURPOSE: FUNDING SOCIAL WORKER AT EASTSIDE EARLY COLLEGE HIGH SCHOOL SALARY FOR A YEAR | $49,849 |