Bright Future For Chidren
- Assets
- $12.0
- Revenue
- $6.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Arvada, CO
- Founding
- 11/2018
- Data as of
- 12/2020
- EIN
- 82-4376559
Organization Overview
Bright Future For Chidren is located in Arvada, CO. The organization was established in 2018. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Future For Chidren 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 12/2020, Bright Future For Chidren generated $6.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (70.7%) each year. All expenses for the organization totaled $20.1k during the year ending 12/2020. 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
FUNDRAISING AND MINISTRY ACTIVITIES FOR CHILDREN AND CHILDRENS ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING ACTIVITIES TO PROVIDE ASSISTANCE TO WORTHY ORGANIZATIONS IN NEED.
FUNDRAISING ACTIVITIES TO PROVIDE ASSISTANCE TO WORTHY ORGANIZATIONS IN NEED.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,426 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,426 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $6,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,200 |
| 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 | $3,300 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,282 |
| Office expenses | $141 |
| 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 | $0 |
| All other expenses | $615 |
| Total functional expenses | $20,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12 |
| 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 | $12 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $12 |
| Total liabilities and net assets/fund balances | $12 |
Grants Awarded
Over the last fiscal year, Bright Future For Chidren has awarded $17,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: PROGRAM SUPPORT | $10,300 |
New York, NY PURPOSE: PROGRAM SUPPORT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bright Future For Chidren has recieved totaling $5,200.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
Joy To The World Foundation Colorado Springs, CO | $19,682,188 | $4,242,361 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |
Vivint Gives Back Provo, UT | $1,105,796 | $2,149,372 |
Early Milestones Colorado Denver, CO | $1,699,059 | $1,648,008 |
Saguache County Community Council Center, CO | $3,125,194 | $1,411,274 |
Faithworks Of The Inner City Inc Oklahoma City, OK | $3,919,739 | $1,885,777 |
Lubirds Light Foundation Denver, CO | $140,980 | $761,763 |
Woodford Manufacturing Charities Inc Colorado Springs, CO | $20,240 | $651,324 |
Sunshine Angels Peoria, AZ | $580,665 | $762,626 |