Civic Intelligence

Bright Promises Foundation

990 • Fiscal year 2018 • EIN 36-2182047

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization ProfileBRIGHTPROMISES.ORG

View Organization Page

70 E Lake St No 1120Chicago, IL 60601

(312) 641-5765

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

54th percentile

0.12x

Higher debt load relative to revenue than 54% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

64th percentile

9.2%

Higher net margin than 64% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets30th percentile

Assets

$4,170,814

No earlier filing loaded for comparison.

Net Assets

$4,098,360

No earlier filing loaded for comparison.

Liabilities

$72,454

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin64th percentile

Revenue

$624,056

No earlier filing loaded for comparison.

Expenses

$566,940

No earlier filing loaded for comparison.

Net Income

$57,116

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2018: $4,170,814Liabilities 2018: $72,454Net Assets 2018: $4,098,3602018Assets 2019: $4,651,989Liabilities 2019: $112,381Net Assets 2019: $4,539,6082019Assets 2020: $5,349,577Liabilities 2020: $20,207Net Assets 2020: $5,329,3702020Assets 2021: $5,719,046Liabilities 2021: $146,957Net Assets 2021: $5,572,0892021Assets 2022: $4,785,425Liabilities 2022: $135,880Net Assets 2022: $4,649,5452022Assets 2023: $6,252,199Liabilities 2023: $186,690Net Assets 2023: $6,065,5092023Assets 2024: $5,963,846Liabilities 2024: $170,068Net Assets 2024: $5,793,7782024

Highlighted filing

2018

Assets$4,170,814
Liabilities$72,454
Net Assets$4,098,360
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $624,056Expenses 2018: $566,940Net Income 2018: $57,1162018Revenue 2019: $681,897Expenses 2019: $764,846Net Income 2019: -$82,9492019Revenue 2020: $576,330Expenses 2020: $558,095Net Income 2020: $18,2352020Revenue 2021: $675,896Expenses 2021: $766,507Net Income 2021: -$90,6112021Revenue 2022: $1,137,076Expenses 2022: $768,019Net Income 2022: $369,0572022Revenue 2023: $1,465,878Expenses 2023: $980,501Net Income 2023: $485,3772023Revenue 2024: $461,402Expenses 2024: $895,612Net Income 2024: -$434,2102024

Highlighted filing

2018

Revenue$624,056
Expenses$566,940
Net Income$57,116
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$1,451,810
Mission and Program Overview

Mission

Creates opportunities for illinois children to reach their full potential by assisting other organizations to find and implement solutions to problems children confront. We monitor these programs and share the knowledge we gain with others.

The organization creates opportunities for illinois children to reach their full promise and potential by delivering resources to other organizations that solve problems children confront. We monitor the programs we fund and share the knowledge we gain with others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,207,471$3,790,697▼ $416,774
Savings and Temporary Cash Investments$133,523$241,960▲ $108,437
Cash and Non-Interest-Bearing Accounts$99,878$95,502▼ $4,376
Accounts Receivable$18,034$42,655▲ $24,621
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$4,458,906$4,170,814▼ $288,092
Liabilities
Grants Payable$160,000$65,000▼ $95,000
Accounts Payable and Accrued Expenses$11,377$7,454▼ $3,923
Total Liabilities$171,377$72,454▼ $98,923
Net Assets / Fund Balance
Unrestricted Net Assets$2,996,363$2,859,276▼ $137,087
Temporarily Rstr Net Assets$1,291,166$1,239,084▼ $52,082
Total Net Assets Fund Balance$4,287,529$4,098,360▼ $189,169
Total Liabilities and Net Assets / Fund Balance$4,458,906$4,170,814▼ $288,092

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,202$3,202
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Gaylord GiesekePresident
Marilyn EisenbergVice President
Anthony SteinikeDirector
Caroline GibbonsDirector
Ed DaviesDirector
Elizabeth FosterDirector
Jon WillDirector
Nancy SnyderDirector
Nannette ZanderDirector
Richard ExcellDirector
Scott BishopDirector
Shari RunnerDirector
Tim WalkerDirector
Sendhil RevuluriSecretary
Jay RosenbloomTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$226,325
Program Service Revenue
$0
Investment Income
$437,396
Other Revenue
$-39,665
All Other Contributions
$117,027
Change in Net Assets
$57,116

Audited Revenue Reconciliation

Revenue per Audited Statements
$624,056
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-276,978
Total Revenue per Audited Statements
$347,078
Total Revenue per Form 990
$624,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$312,119
Other Expenses$181,389
Salaries, Compensation, and Employee Benefits$73,432
Total Fundraising Expense$54,005
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$312,119--$312,119
Fees for Services Management$30,596$30,596$15,298$76,490
Other Salaries and Wages-$34,103$34,103$68,206
Fees for Services Other$54,140--$54,140
Fees for Service Investment Mgmnt Fees-$30,693-$30,693
Fees for Services Accounting-$10,000-$10,000
Payroll Taxes-$2,613$2,613$5,226
Office Expenses$1,656$485$1,422$3,563
Other Expenses$917$1,336$569$2,822
Insurance-$1,841-$1,841
Conferences and Meetings$920$920-$1,840
Total Functional Expenses$400,348$112,587$54,005$566,940

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$566,940
Expenses per Audited Statements$536,247
Total Expenses per Audited Statements$536,247
Expenses Not Reported on Financial Statements$30,693
Other Expense Adjustments$30,693
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
TUESDAY'S CHILDChicago, IL501(c)(3)Social Emotional Learning$50,000
CHANGING CHILDREN'S WORLDS FOUNDATIONGeneva, IL501(c)(3)Social Emotional Learning$45,000
Illinois Action for ChildrenChicago, IL501(c)(3)Social Emotional Learning$40,000
Primo CenterChicago, IL501(c)(3)Social Emotional Learning$40,000
Chicago Youth CentersChicago, IL501(c)(3)Social Emotional Learning$25,000
Enlace ChicagoChicago, IL501(c)(3)Social Emotional Learning$25,000
CHILDREN'S PLACE ASSOCIATIONChicago, IL501(c)(3)Capacity Building$15,000
Chicago Youth CentersChicago, IL501(c)(3)Social Emotional Learning$15,000
Hana Early Childhood CenterChicago, IL501(c)(3)Implementing Program$15,000
Chicago Child Care SocietyChicago, IL501(c)(3)Capacity Building$12,750
BreakthroughChicago, IL501(c)(3)Parent Education$8,000
Christopher HouseChicago, IL501(c)(3)Capacity Building$8,000
Onward Neighborhood HouseChicago, IL501(c)(3)Capacity Building$8,000
ForefrontChicago, IL501(c)(3)To Provide a Vibrant Social Impact Sector for All the People of Illinois$369
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$48,137
Fundraising Gross Income$8,472
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Awards Show$84,870-$30,695-
Theater Event$26,275$8,472$17,442$-8,970
Total Events$117,770$8,472$48,137$-39,665
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Bright promises foundation has contracted with a management company to handle all day to day administrative and accounting functions of the organization under the guidance and approval of the board of directors.”

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

“The completed form 990, in draft form, was submitted to the board of directors for review and comment prior to completion. The executive director reviewed this draft with the president and the treasurer, explaining key provisions, responding to questions and making changes as appropriate.”

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

“The conflict of interest policy for bright promises foundation covers members of the board of directors, staff and officers of the organization. Actual conflicts, if any, are required to be disclosed to the board and are reviewed at the board level.”

Form 990, Part VI, Section C, Line 18

“Forms are made available upon request.”

Form 990, Part VI, Section C, Line 19

“Bright promises foundation makes their governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Bright Promises Foundation
EIN
36-2182047
Phone
3126415765
Address
70 E LAKE ST NO 1120, CHICAGO, IL 60601

Signing Officer

Name
Gaylord Gieseke
Title
President
Phone
3127048260
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gaylord Gieseke
Formed
1877
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
50

Preparer

Firm
Weiss Sugar Dvorak & Dusek Ltd
Address
20 N WACKER DR SUITE 2250, CHICAGO, IL 60606
Preparer
Robert Rehayem
Phone
3123326622
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation addresses uncertain tax positions in accordance with asc topic 740, income taxes, which provides guidance for how certain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing bright promises information returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit and asset or expense and liability in the current year. Bright promises files information returns in the u.s. Federal and illinois state jurisdictions. During the years from 2015 to 2018, which represent the years management considers to be open for examination by taxing authorities, management did not identify the existence of any uncertain tax position.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Investment expenses netted on audited financial statements”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment expenses netted on audited financial statements”

Raw XML AppendixShowing 400 of 640 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01143462
IRS990/GrossReceiptsAmt01451810
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01841
IRS990/InsuranceGrp/TotalAmt01841
IRS990/InvestmentIncomeGrp/ExclusionAmt073551
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt073551
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04207471
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03790697
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03202
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt03202
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0779617
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CREATES OPPORTUNITIES FOR ILLINOIS CHILDREN TO REACH THEIR FULL POTENTIAL BY ASSISTING OTHER ORGANIZATIONS TO FIND AND IMPLEMENT SOLUTIONS TO PROBLEMS CHILDREN CONFRONT. WE MONITOR THESE PROGRAMS AND SHARE THE KNOWLEDGE WE GAIN WITH OTHERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04287529
IRS990/NetAssetsOrFundBalancesEOYAmt04098360
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0363845
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0363845
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-39665
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-39665
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-246285
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt01422
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0485
IRS990/OfficeExpensesGrp/ProgramServicesAmt01656
IRS990/OfficeExpensesGrp/TotalAmt03563
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER
IRS990/OtherExpensesGrp/FundraisingAmt0569
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01336
IRS990/OtherExpensesGrp/ProgramServicesAmt0917
IRS990/OtherExpensesGrp/TotalAmt02822
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt034103
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt034103
IRS990/OtherSalariesAndWagesGrp/TotalAmt068206
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02613
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02613
IRS990/PayrollTaxesGrp/TotalAmt05226
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GAYLORD GIESEKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0270170
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0434585
IRS990/PYInvestmentIncomeAmt0280254
IRS990/PYOtherExpensesAmt0190401
IRS990/PYOtherRevenueAmt0-14335
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-156729
IRS990/PYSalariesCompEmpBnftPaidAmt067832
IRS990/PYTotalExpensesAmt0692818
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0536089
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt057116
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0133523
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0241960
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: OPERATION OF EQUIP PROGRAM DATE: 06/08/14 AMOUNT: 1300000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0226325
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0270170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0225503
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0343192
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0266106
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01331296
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt073551
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt079800
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt078507
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt072562
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt059910
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0364330
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.55920
IRS990ScheduleA/PublicSupportPY170Pct00.51210
IRS990ScheduleA/PublicSupportTotal170Amt0948176
IRS990ScheduleA/SubstantialContributorsTotAmt0383120
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0226325
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0270170
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0225503
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0343192
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0266106
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01331296
IRS990ScheduleA/TotalSupportAmt01695626
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/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03202
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03202
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt030693
IRS990ScheduleD/ExpensesSubtotalAmt0536247
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-246285
IRS990ScheduleD/OtherExpensesNotIncludedAmt030693
IRS990ScheduleD/OtherRevenueAmt0-30693
IRS990ScheduleD/RevenueNotReportedAmt0-276978
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0624056
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ADDRESSES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ASC TOPIC 740, INCOME TAXES, WHICH PROVIDES GUIDANCE FOR HOW CERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING BRIGHT PROMISES INFORMATION RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT AND ASSET OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. BRIGHT PROMISES FILES INFORMATION RETURNS IN THE U.S. FEDERAL AND ILLINOIS STATE JURISDICTIONS. DURING THE YEARS FROM 2015 TO 2018, WHICH REPRESENT THE YEARS MANAGEMENT CONSIDERS TO BE OPEN FOR EXAMINATION BY TAXING AUTHORITIES, MANAGEMENT DID NOT IDENTIFY THE EXISTENCE OF ANY UNCERTAIN TAX POSITION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INVESTMENT EXPENSES NETTED ON AUDITED FINANCIAL STATEMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INVESTMENT EXPENSES NETTED ON AUDITED FINANCIAL STATEMENTS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0566940
IRS990ScheduleD/TotalRevenuePerForm990Amt0624056
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0347078
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0536247
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0109298
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt084870
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt017803
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt06625
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt048137
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AWARDS SHOW
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0THEATER EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt084870
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt026275
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt06625
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0117770
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08472
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt08472
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-39665
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt048137
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt030695
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt017442
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/CashGrantAmt18000
IRS990ScheduleI/RecipientTable/CashGrantAmt215000
IRS990ScheduleI/RecipientTable/CashGrantAmt38000
IRS990ScheduleI/RecipientTable/CashGrantAmt415000
IRS990ScheduleI/RecipientTable/CashGrantAmt58000
IRS990ScheduleI/RecipientTable/CashGrantAmt612750
IRS990ScheduleI/RecipientTable/CashGrantAmt725000
IRS990ScheduleI/RecipientTable/CashGrantAmt825000
IRS990ScheduleI/RecipientTable/CashGrantAmt940000
IRS990ScheduleI/RecipientTable/CashGrantAmt1045000
IRS990ScheduleI/RecipientTable/CashGrantAmt1140000
IRS990ScheduleI/RecipientTable/CashGrantAmt1250000
IRS990ScheduleI/RecipientTable/CashGrantAmt13369
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,170,814
Liabilities
$72,454
Net assets
$4,098,360
Revenue
$624,056
Expenses
$566,940
Net income
$57,116
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$0.17$5.79$0.46$0.90$0.43
2023Detailed filing. Detailed filing data is available for this year.$6.25$0.19$6.07$1.47$0.98$0.49
2022Detailed filing. Detailed filing data is available for this year.$4.79$0.14$4.65$1.14$0.77$0.37
2021Detailed filing. Detailed filing data is available for this year.$5.72$0.15$5.57$0.68$0.77$0.09
2020Detailed filing. Detailed filing data is available for this year.$5.35$0.02$5.33$0.58$0.56$0.02
2019Detailed filing. Detailed filing data is available for this year.$4.65$0.11$4.54$0.68$0.76$0.08
2018Detailed filing. Detailed filing data is available for this year.$4.17$0.07$4.10$0.62$0.57$0.06