Constructing Bright Futures
- Assets
- $494.2k
- Revenue
- $10.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 82-5494088
Organization Overview
Constructing Bright Futures is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Constructing Bright Futures 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 12/2021, Constructing Bright Futures generated $10.0 in total revenue. All expenses for the organization totaled $81.3k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO ORGANIZATIONS WHICH PROVIDE UNEMPLOYED INNER-CITY RESIDENTS TRAINING AND SUPPORT TO GAIN EMPLOYMENT IN THE BUILDING TRADES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PROGRAM ACTIVITIES WERE DELAYED DURING THE COVID-19 PANDEMIC. VOLUNTEER EFFORTS INCLUDED PROMOTION OF THE PROGRAM AND PLANNING FOR FUTURE PERIODS. THE ORGANIZATION DID PROVIDE FUNDING TO SUPPORT ONE LOAN FOR CONSTRUCTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Meagher President | OfficerTrustee | 2 | $0 |
Laura Buel Treasurer | OfficerTrustee | 2 | $0 |
Mark Hauser Director | Trustee | 1 | $0 |
Don Biernacki Director | Trustee | 1 | $0 |
Mark Goeden Director | Trustee | 1 | $0 |
Natalie Pedraza Director | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| 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 | $10 |
| 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. | $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 | $5,302 |
| Fees for services: Accounting | $1,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,010 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Total functional expenses | $81,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,245 |
| 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 | $494,245 |
| 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 | $494,245 |
| 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 | $494,245 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Lawndale Employment Network Chicago, IL | $11,188,204 | $6,948,045 |
Next Life Foundation Okoboji, IA | $10,834 | $0 |
Constructing Bright Futures Chicago, IL | $494,245 | $10 |
Operation Honor Dry Ridge, KY | $473,675 | $388,737 |
Life And Work Connections Inc Columbia, MO | $36,599 | $33,645 |
Chicago Labor Management Trust Chicago, IL | $93,126 | $0 |
Supportu Inc Indianapolis, IN | $71,147 | $0 |
Lsf Charity Inc Nfp Chicago, IL | $124,689 | $8,300 |
Gaming 2 Give Indianapolis, IN | $0 | $0 |