Brighter Minds For Brighter Futures Foundation
- Assets
- $6.9k
- Revenue
- $13.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Somerset, KY
- Founding
- Data as of
- 12/2023
- EIN
- 88-3922961
Organization Overview
Brighter Minds For Brighter Futures Foundation is located in Somerset, KY. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, 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. Brighter Minds For Brighter Futures Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRIGHTER MINDS FOR BRIGHTER FUTURES FOUNDATION WORKS WITH INDIVIDUALS WITH MENTAL ILLNESS AND MILD INTELLECTUAL OR DEVELOPMENTAL DISABILITIES TO PROVIDE THEM A MEANS AND OPPORTUNITY TO INTERACT IN THEIR COMMUNITIES AND TO CONNECT WITH PEERS IN A POSITIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTICIPANTS TOOK PART IN PLANNING, ORGANIZING, AND OPERATING A BOOTH AT A COMMUNITY FESTIVAL WHERE THEY SOLD BEEF JERKY AND RAFFLE TICKETS. THE PROCEEDS FROM THIS PROJECT FUNDED SEVERAL OUTINGS FOR THE PARTICIPANTS, INCLUDING ICE CREAM OUTINGS, BOWLING, AMUSEMENT PARKS AND DINING OUT.
PROGRAM PARTICIPANTS ORGANIZED AND HELD A CAR WASH TO RAISE FUNDS FOR COMMUNITY OUTINGS. REVENUES RECEIVED FUNDED SEVERAL OUTINGS FOR THE PARTICIPANTS, INCLUDING DINING OUT, A TRIP TO AN AMUSEMENT CENTER, A VISIT TO A LOCAL PUMPKIN PATCH, AND PAID THE COSTS FOR AN ART CLASS.
PROGRAM PARTICIPANTS PLANNED, ORGANIZED AND HELD A BAKE SALE TO RAISE FUNDS FOR OUTINGS INTO THE COMMUNITY. PARTICIPANTS BAKED THE PRODUCTS SOLD THEMSELVES AND THROUGH THIS SALE HAD THE OPPORTUNITY TO INTERACT WITH MEMBERS OF THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Speck Director | Trustee | 1 | $0 |
Dorothy Burchett Director | Trustee | 5 | $0 |
Ralph Gibson Secretary | Officer | 5 | $0 |
Paula Gibson President | Officer | 10 | $0 |
Dana Speck Vice President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,846 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,051 |
| 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 | $13,051 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $5,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $180 |
| Total functional expenses | $6,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,908 |
| 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 | $6,908 |
| 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 | $6,908 |
| 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 | $6,908 |