Civic Intelligence

Bright Futures

990 • Fiscal year 2020 • EIN 20-2169766

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 19, 2021

Organization Profilebrightfuturesforchildren.org
PO Box 4216Telluride, CO 81435

(970) 728-5613

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.08x

Higher debt load relative to assets than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

36th percentile

0.06x

Higher debt load relative to revenue than 36% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

70th percentile

$101,583

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

4th percentile

-25%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-29%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$943,089

Down $311,303 (-25%) from 2019

Net Assets

Down

$863,790

Down $315,618 (-27%) from 2019

Liabilities

Up

$79,299

Up $4,315 (+5.8%) from 2019

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin13th percentile

Revenue

Down

$1,265,803

Down $525,770 (-29%) from 2019

Expenses

Up

$1,581,421

Up $414,446 (+36%) from 2019

Net Income

Down

-$315,618

Down $940,216 (-151%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $182,089Liabilities 2011: $375Net Assets 2011: $181,7142011Assets 2012: $189,590Liabilities 2012: $0Net Assets 2012: $189,5902012Assets 2013: $203,535Liabilities 2013: $27,500Net Assets 2013: $176,0352013Assets 2014: $212,164Liabilities 2014: $30,000Net Assets 2014: $182,1642014Assets 2015: $213,130Liabilities 2015: $92,237Net Assets 2015: $120,8932015Assets 2016: $160,186Liabilities 2016: $38,711Net Assets 2016: $121,4752016Assets 2017: $243,853Liabilities 2017: $157,980Net Assets 2017: $85,8732017Assets 2018: $379,589Liabilities 2018: $19,341Net Assets 2018: $360,2482018Assets 2019: $1,254,392Liabilities 2019: $74,984Net Assets 2019: $1,179,4082019Assets 2020: $943,089Liabilities 2020: $79,299Net Assets 2020: $863,7902020Assets 2021: $886,419Liabilities 2021: $163,985Net Assets 2021: $722,4342021Assets 2022: $880,786Liabilities 2022: $148,066Net Assets 2022: $732,7202022Assets 2023: $1,290,369Liabilities 2023: $384,568Net Assets 2023: $905,8012023Assets 2024: $1,289,151Liabilities 2024: $183,553Net Assets 2024: $1,105,5982024Assets 2025: $1,367,122Liabilities 2025: $293,047Net Assets 2025: $1,074,0752025

Highlighted filing

2020

Assets$943,089
Liabilities$79,299
Net Assets$863,790
Open 2020 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $354,176Expenses 2011: $306,885Net Income 2011: $47,2912011Revenue 2012: $362,010Expenses 2012: $362,459Net Income 2012: -$4492012Revenue 2013: $385,541Expenses 2013: $397,301Net Income 2013: -$11,7602013Revenue 2014: $383,395Expenses 2014: $377,266Net Income 2014: $6,1292014Revenue 2015: $432,989Expenses 2015: $436,994Net Income 2015: -$4,0052015Revenue 2016: $407,383Expenses 2016: $406,802Net Income 2016: $5812016Revenue 2017: $389,456Expenses 2017: $389,065Net Income 2017: $3912017Revenue 2018: $649,681Expenses 2018: $573,959Net Income 2018: $75,7222018Revenue 2019: $1,791,573Expenses 2019: $1,166,975Net Income 2019: $624,5982019Revenue 2020: $1,265,803Expenses 2020: $1,581,421Net Income 2020: -$315,6182020Revenue 2021: $1,802,520Expenses 2021: $1,943,876Net Income 2021: -$141,3562021Revenue 2022: $1,938,155Expenses 2022: $1,927,869Net Income 2022: $10,2862022Revenue 2023: $2,535,134Expenses 2023: $2,362,053Net Income 2023: $173,0812023Revenue 2024: $2,665,718Expenses 2024: $2,465,921Net Income 2024: $199,7972024Revenue 2025: $2,592,249Expenses 2025: $2,623,772Net Income 2025: -$31,5232025

Highlighted filing

2020

Revenue$1,265,803
Expenses$1,581,421
Net Income-$315,618
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 19, 2021
Return Version
2019v5.0
Gross Receipts
$1,265,803
Mission and Program Overview

Mission

Bright futures provides resources to improve the lives of children and families. Bright futures works to increase the quality, accessibility and availability for early care and education in san miguel, ouray, montrose, delta and san juan counties. Bright futures offers aligned, collaborative and integrated services across key systems of family support and early childhood care and education.

BF provides resources to improve the lives of children and families. BF works to increase the quality, accessibility and availability of early care and education in San Miguel, Ouray, Montrose, Delta and San Juan counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$519,315$491,683▼ $27,632
Pledges and Grants Receivable$729,872$449,323▼ $280,549
Prepaid Expenses and Deferred Charges$5,205$2,083▼ $3,122
Total Assets$1,254,392$943,089▼ $311,303
Liabilities
Accounts Payable and Accrued Expenses$74,984$79,299▲ $4,315
Total Liabilities$74,984$79,299▲ $4,315
Net Assets / Fund Balance
Net Assets With Donor Restrictions$930,167$721,425▼ $208,742
Net Assets Without Donor Restrictions$249,241$142,365▼ $106,876
Total Net Assets Fund Balance$1,179,408$863,790▼ $315,618
Total Liabilities and Net Assets / Fund Balance$1,254,392$943,089▼ $311,303
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen MerrittExecutive DirectorFT$98,694$2,889$101,583

Board Members and Trustees

NameTitle
Susan AltmanBoard Chair
Mark BettsBoard Vice-Chair
Alison WrightBoard Member
Kristen O'BrianBoard Secretary
Matthew BaymaBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,265,286
Program Service Revenue
$450
Investment Income
$67
Other Revenue
$0
All Other Contributions
$321,749
Change in Net Assets
$-315,618

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,265,803
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,265,803
Total Revenue per Form 990
$1,265,803
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$568,599
Salaries, Compensation, and Employee Benefits$562,844
Grants and Similar Amounts Paid$449,978
Total Fundraising Expense$42,675
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$453,096$8,897$31,042$493,035
Grants to Domestic Orgs$279,162--$279,162
Grants to Domestic Individuals$170,816--$170,816
Conferences and Meetings$54,970--$54,970
Fees for Services Accounting-$50,043-$50,043
Travel$49,466$33-$49,499
Payroll Taxes$38,513$756$2,638$41,907
Office Expenses$25,461$2,775-$28,236
Other Employee Benefits$24,755$1,577$1,570$27,902
Occupancy$8,214$13,788$2,281$24,283
Other Expenses$16,420$0$0$16,420
Insurance$2,511$3,212-$5,723
Total Functional Expenses$1,456,714$82,032$42,675$1,581,421

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,581,421
Total Expenses per Audited Statements$1,581,421
Total Expenses per Form 990$1,581,421
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Quality Improvement Grants--Bright Futures provided financial support in accordance with the Strong Start Program guidelines as follows: Professional Development and Provider Training for two organizations in the amount of $4,302; Financial Aid Scholarships for Families to nine organizations in the amount of $134,215; Capacity Building and Quality Improvement Grants to nine organizations in the amount of $130,720; Supplies to eighteen organizations in the amount of $1,845; Survey Monkey Grant Portal for program operation for nine organizations in the amount of $7,200; Professional Support Grant for two organizations in the amount of $880.$277,317
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The Executive Director (ED) and Board Officer (BO), as available, meet and review the form 990 and all its supporting documents with the practitioner. After this meeting, the ED and BO make a summary presentation to the entire Board and upon completion votes to accept the 990 for filing.”

Form 990, Part VI, Section B, Line 12C

“The organization maintains a board resource manual for all directors. The Executive Committee works diligently to ensure their are no conflicts of interest in the organization's operations and between any staff and or board members of the organization.”

Form 990, Part VI, Section B, Line 15

“The ED and staff work to secure non profit salary surveys from a variety of sources. This information along with other non profit sector trends and related agency data is used to develop salary ranges for executive, management and staff salaries.”

Form 990, Part VI, Section C, Line 19

“The organization complies with all public disclosure requirements for its required filings in a timely manner. These requests are generally answered within ten business days of their receipt, as able. The organization does not share its internal financial statements.”

Form 990, Part VII, Section A, Line 2

“Board Vice Chair - Mark Betts works for ASAP, Inc. For fiscal year July 01, 2019 - June 30, 2020, ASAP provided payroll processing and bookkeeping services to BF. The total value of these services, $8,530 were paid in full by Bright Futures.”

Filing and Contact Details

Filer

Filer Name
Bright Futures
EIN
20-2169766
Phone
9707285613
Address
PO Box 4216, Telluride, CO 81435

Signing Officer

Name
Susan Altman
Title
Chair, Board of Directors
Phone
9707285613
Signed
2021-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Merritt
Formed
2004
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
4
Employees
20
Volunteers
5

Preparer

Firm
Nonprofit Technical Assistance Center
Address
PO Box 22700, Denver, CO 80222
Preparer
Stuart Halpern
Phone
3033218496
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IRS990/MissionDesc0BF provides resources to improve the lives of children and families. BF works to increase the quality, accessibility and availability of early care and education in San Miguel, Ouray, Montrose, Delta and San Juan counties. We offer aligned, collaborative and integrated services across key systems of family support and early childhood care and education.
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02281
IRS990/OccupancyGrp/ManagementAndGeneralAmt013788
IRS990/OccupancyGrp/ProgramServicesAmt08214
IRS990/OccupancyGrp/TotalAmt024283
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02775
IRS990/OfficeExpensesGrp/ProgramServicesAmt025461
IRS990/OfficeExpensesGrp/TotalAmt028236
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01570
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01577
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024755
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027902
IRS990/OtherExpensesGrp/Desc0Early Childhood Teacher Training
IRS990/OtherExpensesGrp/Desc1Provider Quality Improvement
IRS990/OtherExpensesGrp/Desc2Dues, memberships
IRS990/OtherExpensesGrp/Desc3COVID Response
IRS990/OtherExpensesGrp/FundraisingAmt05144
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2951
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0172045
IRS990/OtherExpensesGrp/ProgramServicesAmt1140066
IRS990/OtherExpensesGrp/ProgramServicesAmt221219
IRS990/OtherExpensesGrp/ProgramServicesAmt316420
IRS990/OtherExpensesGrp/TotalAmt0177189
IRS990/OtherExpensesGrp/TotalAmt1140066
IRS990/OtherExpensesGrp/TotalAmt222170
IRS990/OtherExpensesGrp/TotalAmt316420
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt031042
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt08897
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0453096
IRS990/OtherSalariesAndWagesGrp/TotalAmt0493035
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02638
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0756
IRS990/PayrollTaxesGrp/ProgramServicesAmt038513
IRS990/PayrollTaxesGrp/TotalAmt041907
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0729872
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0449323
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05205
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02083
IRS990/PrincipalOfficerNm0Kathleen Merritt
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Class registration fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0450
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYContributionsGrantsAmt01790231
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0278789
IRS990/PYInvestmentIncomeAmt061
IRS990/PYOtherExpensesAmt0603866
IRS990/PYOtherRevenueAmt0881
IRS990/PYProgramServiceRevenueAmt0400
IRS990/PYRevenuesLessExpensesAmt0602024
IRS990/PYSalariesCompEmpBnftPaidAmt0306894
IRS990/PYTotalExpensesAmt01189549
IRS990/PYTotalRevenueAmt01791573
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-315618
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0519315
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0491683
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0These amounts from prior years represent rebates and expense reimbursement that are not included in programmatic income
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01265286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01790231
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0649194
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0389456
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0407383
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04501550
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt061
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0161
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0289
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0850
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0881
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0326
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01207
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88408
IRS990ScheduleA/PublicSupportPY170Pct00.84
IRS990ScheduleA/PublicSupportTotal170Amt03981068
IRS990ScheduleA/SubstantialContributorsTotAmt0520482
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01265286
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01790231
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0649194
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0389456
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0407383
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04501550
IRS990ScheduleA/TotalSupportAmt04503046
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01581421
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01265803
IRS990ScheduleD/TotalExpensesPerForm990Amt01581421
IRS990ScheduleD/TotalRevenuePerForm990Amt01265803
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01265803
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01581421
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0170816
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0San Miguel County (SMC) has contracted with Bright Futures (BF) to serve as a pass through organization to distribute Strong Start funding. This funding comes from a 0.75 property tax mill levy dedicated to fund The Early Childhood Care and Education Fund for purposes of improving the quality, availability and affordability of childhood care and education for San Miguel county families. BF maintains extensive records on eligibility for the program. BF is the contract recipient as the grant administrator.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0BF provided a total of 55 Scholarships totaling $170,816. This amount includes 50 Scholarships for individuals totaling $164,685 and 5 Scholarships for professional development totaling $6,131.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt055
IRS990ScheduleI/RecipientTable/CashGrantAmt0277317
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt01845
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Personal Protection Equipment (PPE) for centers and recipients
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Bright Futures provided financial support in accordance with the Strong Start Program guidelines as follows: Professional Development and Provider Training for two organizations in the amount of $4,302; Financial Aid Scholarships for Families to nine organizations in the amount of $134,215; Capacity Building and Quality Improvement Grants to nine organizations in the amount of $130,720; Supplies to eighteen organizations in the amount of $1,845; Survey Monkey Grant Portal for program operation for nine organizations in the amount of $7,200; Professional Support Grant for two organizations in the amount of $880.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Quality Improvement Grants
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0Professional Development and Program Support
IRS990ScheduleI/RecipientTable/RecipientEIN0234567891
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0San Miguel County (SMC) has contracted with Bright Futures (BF) to serve as a pass through organization to distribute Strong Start funding. This funding comes from a 0.75 property tax mill levy dedicated to fund The Early Childhood Care and Education Fund for purposes of improving the quality, availability and affordability of childhood care and education for San Miguel county families. BF maintains extensive records on eligibility for the program. BF is the contract recipient as the grant administrator.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt049
IRS990ScheduleI/TotalOtherOrgCnt055
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Executive Director (ED) and Board Officer (BO), as available, meet and review the form 990 and all its supporting documents with the practitioner. After this meeting, the ED and BO make a summary presentation to the entire Board and upon completion votes to accept the 990 for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization maintains a board resource manual for all directors. The Executive Committee works diligently to ensure their are no conflicts of interest in the organization's operations and between any staff and or board members of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The ED and staff work to secure non profit salary surveys from a variety of sources. This information along with other non profit sector trends and related agency data is used to develop salary ranges for executive, management and staff salaries.

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$943,089
Liabilities
$79,299
Net assets
$863,790
Revenue
$1,265,803
Expenses
$1,581,421
Net income
-$315,618
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.37$0.29$1.07$2.59$2.62$0.03
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.18$1.11$2.67$2.47$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.38$0.91$2.54$2.36$0.17
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.15$0.73$1.94$1.93$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.16$0.72$1.80$1.94$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.94$0.08$0.86$1.27$1.58$0.32
2019Summary only. Only limited summary data is available for this year.$1.25$0.07$1.18$1.79$1.17$0.62
2018Summary only. Only limited summary data is available for this year.$0.38$0.02$0.36$0.65$0.57$0.08
2017Summary only. Only limited summary data is available for this year.$0.24$0.16$0.09$0.39$0.39$0.00
2016Summary only. Only limited summary data is available for this year.$0.16$0.04$0.12$0.41$0.41$0.00
2015Summary only. Only limited summary data is available for this year.$0.21$0.09$0.12$0.43$0.44$0.00
2014Summary only. Only limited summary data is available for this year.$0.21$0.03$0.18$0.38$0.38$0.01
2013Summary only. Only limited summary data is available for this year.$0.20$0.03$0.18$0.39$0.40$0.01
2012Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$0.36$0.36$0.00
2011Summary only. Only limited summary data is available for this year.$0.18$0.00$0.18$0.35$0.31$0.05