Civic Intelligence

Bright Promises Foundation

990 • Fiscal year 2019 • EIN 36-2182047

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

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

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.16x

Higher debt load relative to revenue than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

18th percentile

-12%

Higher net margin than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

9.3%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$4,651,989

Up $481,175 (+12%) from 2018

Net Assets

Up

$4,539,608

Up $441,248 (+11%) from 2018

Liabilities

Up

$112,381

Up $39,927 (+55%) from 2018

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin18th percentile

Revenue

Up

$681,897

Up $57,841 (+9.3%) from 2018

Expenses

Up

$764,846

Up $197,906 (+35%) from 2018

Net Income

Down

-$82,949

Down $140,065 (-245%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

2019

Assets$4,651,989
Liabilities$112,381
Net Assets$4,539,608
Open 2019 Filing

Operations Trend

Revenue Growth61st percentile

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

2019

Revenue$681,897
Expenses$764,846
Net Income-$82,949
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$2,118,044
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$3,790,697$4,280,557▲ $489,860
Savings and Temporary Cash Investments$241,960$161,474▼ $80,486
Cash and Non-Interest-Bearing Accounts$95,502$113,925▲ $18,423
Accounts Receivable$42,655$96,033▲ $53,378
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$4,170,814$4,651,989▲ $481,175
Liabilities
Grants Payable$65,000$110,000▲ $45,000
Accounts Payable and Accrued Expenses$7,454$2,381▼ $5,073
Total Liabilities$72,454$112,381▲ $39,927
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,859,276$3,049,234▲ $189,958
Net Assets With Donor Restrictions$1,239,084$1,490,374▲ $251,290
Total Net Assets Fund Balance$4,098,360$4,539,608▲ $441,248
Total Liabilities and Net Assets / Fund Balance$4,170,814$4,651,989▲ $481,175

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,202$3,202
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Gaylord GiesekePresident
Marilyn EisenbergVice President
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
$313,078
Program Service Revenue
$0
Investment Income
$417,261
Other Revenue
$-48,442
All Other Contributions
$207,270
Change in Net Assets
$-82,949

Audited Revenue Reconciliation

Revenue per Audited Statements
$681,897
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$493,457
Total Revenue per Audited Statements
$1,175,354
Total Revenue per Form 990
$681,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$511,890
Other Expenses$176,646
Salaries, Compensation, and Employee Benefits$76,310
Total Fundraising Expense$54,507
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$511,890--$511,890
Fees for Services Management$31,418$31,418$15,709$78,545
Other Salaries and Wages-$38,155$38,155$76,310
Fees for Services Other$45,002--$45,002
Fees for Service Investment Mgmnt Fees-$30,740-$30,740
Fees for Services Accounting-$10,875-$10,875
Office Expenses$2,575$2,849-$5,424
Other Expenses$1,125$1,444$643$3,212
Insurance-$1,508-$1,508
Conferences and Meetings$670$670-$1,340
Total Functional Expenses$592,680$117,659$54,507$764,846

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$764,846
Expenses per Audited Statements$734,106
Total Expenses per Audited Statements$734,106
Expenses Not Reported on Financial Statements$30,740
Other Expense Adjustments$30,740
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Logan Square NeighborhoodChicago, IL501(c)(3)General Operations$70,000
VocelChicago, IL501(c)(3)Equip Program$60,000
Literature for All of USChicago, IL501(c)(3)General Operations$50,000
CHICAGO CHILDREN'S ADVOCACY CENTERChicago, IL501(c)(3)General Operations$40,000
Illinois Action for ChildrenChicago, IL501(c)(3)Social Emotional Learning$40,000
Gads Hill CenterChicago, IL501(c)(3)Social Emotional Learning$30,000
RefugeeoneChicago, IL501(c)(3)Social Emotional Learning$30,000
Youth Opportunity UnitedEvanston, IL501(c)(3)Social Emotional Learning$30,000
ANN & ROBERT H LURIE CHILDREN'S HOSPITALChicago, IL501(c)(3)Social Emotional Learning$15,000
Carol Robertson Center for LearningChicago, IL501(c)(3)Equip Program$15,000
Chinese American Service LeagueChicago, IL501(c)(3)Equip Program$15,000
Enlace ChicagoChicago, IL501(c)(3)Social Emotional Learning$15,000
Northwestern SettlementChicago, IL501(c)(3)Equip Program$15,000
Gads Hill CenterChicago, IL501(c)(3)Equip Program$11,700
Arab American Action NetworkChicago, IL501(c)(3)150th Grant$10,000
National Museum of Mexican ArtChicago, IL501(c)(3)150th Grant$10,000
Northwest Side Housing CenterChicago, IL501(c)(3)150th Grant$10,000
Storycatchers TheatreChicago, IL501(c)(3)150th Grant$10,000
True Star FoundationChicago, IL501(c)(3)150th Grant$10,000
Onward Neighborhood HouseChicago, IL501(c)(3)Capacity Building$9,000
CHILDREN'S PLACE ASSOCIATIONChicago, IL501(c)(3)Equip Program$8,000
Hana Early Childhood CenterChicago, IL501(c)(3)Implementing Program$8,000
ForefrontChicago, IL501(c)(3)General Operations$190
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$48,842
Fundraising Gross Income$400
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
150th Anniversary$55,517-$12,695-
Awards Show$44,315-$30,978-
Total Events$106,008$400$48,842$-48,442
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
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
Marilyn Eisenberg
Title
Vice President
Phone
3127048260
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marilyn Eisenberg
Formed
1877
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
50

Preparer

Firm
Wsdd Cpas Ltd
Address
303 W MADISON ST SUITE 2075, CHICAGO, IL 60606-3395
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 2016 to 2019, 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 720 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/FundraisingActivitiesInd01
IRS990/FundraisingAmt0105808
IRS990/FundraisingDirectExpensesAmt048842
IRS990/FundraisingGrossIncomeAmt0400
IRS990/GainOrLossGrp/SecuritiesAmt0346887
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt0511890
IRS990/GrantsPayableGrp/BOYAmt065000
IRS990/GrantsPayableGrp/EOYAmt0110000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0511890
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0511890
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01734192
IRS990/GrossReceiptsAmt02118044
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01508
IRS990/InsuranceGrp/TotalAmt01508
IRS990/InvestmentIncomeGrp/ExclusionAmt070374
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt070374
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03790697
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04280557
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03202
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt03202
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01387305
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/NetAssetsOrFundBalancesBOYAmt04098360
IRS990/NetAssetsOrFundBalancesEOYAmt04539608
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0346887
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0346887
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-48442
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-48442
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0524197
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02859276
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03049234
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02849
IRS990/OfficeExpensesGrp/ProgramServicesAmt02575
IRS990/OfficeExpensesGrp/TotalAmt05424
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER
IRS990/OtherExpensesGrp/FundraisingAmt0643
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01444
IRS990/OtherExpensesGrp/ProgramServicesAmt01125
IRS990/OtherExpensesGrp/TotalAmt03212
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt038155
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038155
IRS990/OtherSalariesAndWagesGrp/TotalAmt076310
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARILYN EISENBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0226325
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0312119
IRS990/PYInvestmentIncomeAmt0437396
IRS990/PYOtherExpensesAmt0181389
IRS990/PYOtherRevenueAmt0-39665
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt057116
IRS990/PYSalariesCompEmpBnftPaidAmt073432
IRS990/PYTotalExpensesAmt0566940
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0624056
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-82949
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0241960
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0161474
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: OPERATION OF EQUIP PROGRAM AMOUNT: 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0313078
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0226325
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0270170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0225503
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0343192
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01378268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt070374
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt073551
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt079800
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt078507
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt072562
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0374794
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.55550
IRS990ScheduleA/PublicSupportPY170Pct00.55920
IRS990ScheduleA/PublicSupportTotal170Amt0973741
IRS990ScheduleA/SubstantialContributorsTotAmt0404527
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0313078
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0226325
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0270170
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0225503
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0343192
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01378268
IRS990ScheduleA/TotalSupportAmt01753062
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/ExpensesNotRptFinclStmtAmt030740
IRS990ScheduleD/ExpensesSubtotalAmt0734106
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0524197
IRS990ScheduleD/OtherExpensesNotIncludedAmt030740
IRS990ScheduleD/OtherRevenueAmt0-30740
IRS990ScheduleD/RevenueNotReportedAmt0493457
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0681897
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 2016 TO 2019, 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/TotalExpensesPerForm990Amt0764846
IRS990ScheduleD/TotalRevenuePerForm990Amt0681897
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01175354
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0734106
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0105608
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt044315
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt055517
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt05776
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt048842
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AWARDS SHOW
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0150TH ANNIVERSARY
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt044315
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt055517
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt06176
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0106008
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0400
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-48442
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt05169
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt048842
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt030978
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt012695
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/CashGrantAmt230000
IRS990ScheduleI/RecipientTable/CashGrantAmt330000
IRS990ScheduleI/RecipientTable/CashGrantAmt440000
IRS990ScheduleI/RecipientTable/CashGrantAmt530000
IRS990ScheduleI/RecipientTable/CashGrantAmt610000
IRS990ScheduleI/RecipientTable/CashGrantAmt710000
IRS990ScheduleI/RecipientTable/CashGrantAmt810000
IRS990ScheduleI/RecipientTable/CashGrantAmt910000
IRS990ScheduleI/RecipientTable/CashGrantAmt1010000
IRS990ScheduleI/RecipientTable/CashGrantAmt1115000
IRS990ScheduleI/RecipientTable/CashGrantAmt128000
IRS990ScheduleI/RecipientTable/CashGrantAmt1315000
IRS990ScheduleI/RecipientTable/CashGrantAmt1411700
IRS990ScheduleI/RecipientTable/CashGrantAmt158000
IRS990ScheduleI/RecipientTable/CashGrantAmt1615000
IRS990ScheduleI/RecipientTable/CashGrantAmt179000
IRS990ScheduleI/RecipientTable/CashGrantAmt1860000
IRS990ScheduleI/RecipientTable/CashGrantAmt1970000

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,651,989
Liabilities
$112,381
Net assets
$4,539,608
Revenue
$681,897
Expenses
$764,846
Net income
-$82,949
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