Brighter Financial Futures Inc Pennsylvania Council Of Financial
- Assets
- $183.9k
- Revenue
- $208.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Winfield, PA
- Founding
- 03/2018
- Data as of
- 08/2020
- EIN
- 82-2654459
Organization Overview
Brighter Financial Futures Inc Pennsylvania Council Of Financial, operating under the name Pa Council On Financial Literacy, is located in Winfield, PA. The organization was established in 2018. As of 08/2020, PA Council On Financial Literacy employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. PA Council On Financial Literacy 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 08/2020, PA Council On Financial Literacy generated $208.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $147.0k during the year ending 08/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE K-12 STUDENTS WITH KNOWLEDGE OF ECONOMICS AND THE U.S. FREE-MARKET SYSTEM, AND SUPPORT PROGRAMS THAT DEVELOP STUDENTS' SKILLS IN PERSONAL FINANCE, ENTREPRENEURSHIP, AND SMALL BUSINESS TO ELEVATE THEIR STANDARD OF LIVING, QUALITY OF LIFE, AND PROFESSIONAL SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USE OF STOCK MARKET SIMULATION SOFTWARE TO CREATE UNIQUE LEARNING EXPERIENCES AND COMPETITIONS FOR STUDENTS' THAT INCREASE THEIR KNOWLEDGE OF FREE MARKETS, ECONOMICS, PERSONAL FINANCE, SAVINGS, AND INVESTING.
CONDUCT SEMINARS AND SPONSOR COMPETITIONS THAT ENHANCE STUDENT'S KNOWLEDGE OF ENTREPRENEURSHIP AND INCREASE THEIR ABILTIY TO START AND MANAGE SMALL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn A Shirk Vice President | OfficerTrustee | 50 | $54,230 |
Alan W Dakey Chairman Of The Board, Pres | OfficerTrustee | 10 | $0 |
Donna Gavitt M Ed Board Member | Trustee | 3 | $0 |
Ronald Kabonick Board Member | Trustee | 1 | $0 |
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 | $208,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,228 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| 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 | $208,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,251 |
| Compensation of current officers, directors, key employees. | $11,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,094 |
| Office expenses | $4,744 |
| Information technology | $10,640 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $272 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,245 |
| All other expenses | $0 |
| Total functional expenses | $147,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,873 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $183,873 |
| Accounts payable and accrued expenses | $4,796 |
| 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 | $4,796 |
| Net assets without donor restrictions | $179,077 |
| Net assets with donor restrictions | $0 |
| 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 | $183,873 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brighter Financial Futures Inc Pennsylvania Council Of Financial has recieved totaling $20,360.
| Awarding Organization | Amount |
|---|---|
Community Giving Foundation Berwick, PA PURPOSE: ORGANIZATION SUPPORT | $20,360 |
Peer Organizations
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|---|---|---|
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Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
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Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
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