Civic Intelligence

Bright Promises Foundation

990 • Fiscal year 2020 • EIN 36-2182047

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

47th percentile

3.2%

Higher net margin than 47% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

68th percentile

15%

Faster asset growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-15%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$5,349,577

Up $697,588 (+15%) from 2019

Net Assets

Up

$5,329,370

Up $789,762 (+17%) from 2019

Liabilities

Down

$20,207

Down $92,174 (-82%) from 2019

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin47th percentile

Revenue

Down

$576,330

Down $105,567 (-15%) from 2019

Expenses

Down

$558,095

Down $206,751 (-27%) from 2019

Net Income

Up

$18,235

Up $101,184 (+122%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2020

Assets$5,349,577
Liabilities$20,207
Net Assets$5,329,370
Open 2020 Filing

Operations Trend

Revenue Growth23rd 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

2020

Revenue$576,330
Expenses$558,095
Net Income$18,235
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$1,488,298
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$4,280,557$4,958,156▲ $677,599
Cash and Non-Interest-Bearing Accounts$113,925$235,849▲ $121,924
Savings and Temporary Cash Investments$161,474$145,002▼ $16,472
Accounts Receivable$96,033$10,570▼ $85,463
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$4,651,989$5,349,577▲ $697,588
Liabilities
Grants Payable$110,000--
Accounts Payable and Accrued Expenses$2,381$20,207▲ $17,826
Total Liabilities$112,381$20,207▼ $92,174
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,049,234$3,683,151▲ $633,917
Net Assets With Donor Restrictions$1,490,374$1,646,219▲ $155,845
Total Net Assets Fund Balance$4,539,608$5,329,370▲ $789,762
Total Liabilities and Net Assets / Fund Balance$4,651,989$5,349,577▲ $697,588

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,202$3,202
Compensation and Service Providers
Top Officer Pay21st 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
$263,668
Program Service Revenue
$0
Investment Income
$339,910
Other Revenue
$-27,248
All Other Contributions
$206,292
Change in Net Assets
$18,235

Audited Revenue Reconciliation

Revenue per Audited Statements
$576,330
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$739,217
Total Revenue per Audited Statements
$1,315,547
Total Revenue per Form 990
$576,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$316,000
Other Expenses$163,829
Salaries, Compensation, and Employee Benefits$78,266
Total Fundraising Expense$56,534
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$316,000--$316,000
Fees for Services Management$33,418$33,418$16,709$83,545
Other Salaries and Wages-$39,133$39,133$78,266
Fees for Service Investment Mgmnt Fees-$32,310-$32,310
Fees for Services Other$30,335--$30,335
Fees for Services Accounting-$10,300-$10,300
Other Expenses$1,210$1,317$692$3,219
Office Expenses$1,053$1,528-$2,581
Insurance-$1,462-$1,462
Conferences and Meetings-$77-$77
Total Functional Expenses$382,016$119,545$56,534$558,095

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$558,095
Expenses per Audited Statements$525,785
Total Expenses per Audited Statements$525,785
Expenses Not Reported on Financial Statements$32,310
Other Expense Adjustments$32,310
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Enlace ChicagoChicago, IL501(c)(3)Collaborative Action Project$30,000
TUESDAY'S CHILDChicago, IL501(c)(3)Social Emotional Learning Home Care$25,000
Illinois Action for ChildrenChicago, IL501(c)(3)Social Emotional Learning Home Care$20,000
CHICAGO CHILDREN'S ADVOCACY CENTERChicago, IL501(c)(3)Covid 19 Emergency Reponse Grant$15,000
CHILDREN'S RESEARCH TRIANGLEChicago, IL501(c)(3)Covid-19 Emergency Response Fund$15,000
Family RescueChicago, IL501(c)(3)Covid-19 Relief Grant for the Care of Children and Families$15,000
Gads Hill CenterChicago, IL501(c)(3)Social Emotional Learning Home Care$15,000
Illinois Action for ChildrenChicago, IL501(c)(3)Equip Program$15,000
Illinois Afterschool NetworkSpringfield, IL501(c)(3)Social Emotional Learning Home Care$15,000
Primo CenterChicago, IL501(c)(3)Social Emotional Learning Home Care$15,000
Primo CenterChicago, IL501(c)(3)Covid-19 Emergency Response Fund$15,000
RefugeeoneChicago, IL501(c)(3)Social Emotional Learning Home Care$15,000
Youth Opportunity UnitedEvanston, IL501(c)(3)Social Emotional Learning Home Care$15,000
CHILDREN'S PLACE ASSOCIATIONChicago, IL501(c)(3)Equip Program$10,000
Chicago CommonsChicago, IL501(c)(3)Equip Program$10,000
Chinese American Service LeagueChicago, IL501(c)(3)Equip Program$10,000
Christopher HouseChicago, IL501(c)(3)Equip Program$10,000
Onward Neighborhood HouseChicago, IL501(c)(3)Equip Program$10,000
United Way of Metropolitan ChicagoChicago, IL501(c)(3)Covid-19 Chicago Response Fund$10,000
CHANNING'S CHILDCARE ACADEMYChicago, IL501(c)(3)Equip Program$8,000
Carole Robertston Center for LearningChicago, IL501(c)(3)Equip Program$8,000
Northwestern University Settlement AssociationChicago, IL501(c)(3)Equip Program$8,000
My Block My Hood My CityChicago, IL501(c)(3)Honorarium for Jahmal Cole$5,000
Casa CentralChicago, IL501(c)(3)Equip Program$2,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$27,658
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Awards Show$57,376-$27,658-
Total Events$57,376-$27,658$-27,658
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
2021-11-12
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 2017 to 2020, 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 721 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/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt057376
IRS990/FundraisingDirectExpensesAmt027658
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0278104
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt0316000
IRS990/GrantsPayableGrp/BOYAmt0110000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0316000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0316000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01162414
IRS990/GrossReceiptsAmt01488298
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01462
IRS990/InsuranceGrp/TotalAmt01462
IRS990/InvestmentIncomeGrp/ExclusionAmt061806
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt061806
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04280557
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04958156
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03202
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt03202
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0884310
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/NetAssetsOrFundBalancesBOYAmt04539608
IRS990/NetAssetsOrFundBalancesEOYAmt05329370
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0278104
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0278104
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-27658
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-27658
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0771527
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03049234
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03683151
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01528
IRS990/OfficeExpensesGrp/ProgramServicesAmt01053
IRS990/OfficeExpensesGrp/TotalAmt02581
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER
IRS990/OtherExpensesGrp/FundraisingAmt0692
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01317
IRS990/OtherExpensesGrp/ProgramServicesAmt01210
IRS990/OtherExpensesGrp/TotalAmt03219
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0410
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0410
IRS990/OtherRevenueTotalAmt0410
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt039133
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039133
IRS990/OtherSalariesAndWagesGrp/TotalAmt078266
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARILYN EISENBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0313078
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0511890
IRS990/PYInvestmentIncomeAmt0417261
IRS990/PYOtherExpensesAmt0176646
IRS990/PYOtherRevenueAmt0-48442
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-82949
IRS990/PYSalariesCompEmpBnftPaidAmt076310
IRS990/PYTotalExpensesAmt0764846
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0681897
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt018235
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0161474
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0145002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0263668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0313078
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0226325
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0270170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0225503
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01298744
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt061806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt070374
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt073551
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt079800
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt078507
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0364038
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0410
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0410
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58090
IRS990ScheduleA/PublicSupportPY170Pct00.55550
IRS990ScheduleA/PublicSupportTotal170Amt0966109
IRS990ScheduleA/SubstantialContributorsTotAmt0332635
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0263668
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0313078
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0226325
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0270170
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0225503
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01298744
IRS990ScheduleA/TotalSupportAmt01663192
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/ExpensesNotRptFinclStmtAmt032310
IRS990ScheduleD/ExpensesSubtotalAmt0525785
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0771527
IRS990ScheduleD/OtherExpensesNotIncludedAmt032310
IRS990ScheduleD/OtherRevenueAmt0-32310
IRS990ScheduleD/RevenueNotReportedAmt0739217
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0576330
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 2017 TO 2020, 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/TotalExpensesPerForm990Amt0558095
IRS990ScheduleD/TotalRevenuePerForm990Amt0576330
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01315547
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0525785
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt057376
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt057376
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt027658
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AWARDS SHOW
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt057376
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt057376
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-27658
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt027658
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt027658
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/CashGrantAmt325000
IRS990ScheduleI/RecipientTable/CashGrantAmt415000
IRS990ScheduleI/RecipientTable/CashGrantAmt515000
IRS990ScheduleI/RecipientTable/CashGrantAmt615000
IRS990ScheduleI/RecipientTable/CashGrantAmt78000
IRS990ScheduleI/RecipientTable/CashGrantAmt815000
IRS990ScheduleI/RecipientTable/CashGrantAmt98000
IRS990ScheduleI/RecipientTable/CashGrantAmt102000
IRS990ScheduleI/RecipientTable/CashGrantAmt1110000
IRS990ScheduleI/RecipientTable/CashGrantAmt1210000
IRS990ScheduleI/RecipientTable/CashGrantAmt1310000
IRS990ScheduleI/RecipientTable/CashGrantAmt1410000
IRS990ScheduleI/RecipientTable/CashGrantAmt158000
IRS990ScheduleI/RecipientTable/CashGrantAmt1610000
IRS990ScheduleI/RecipientTable/CashGrantAmt1710000
IRS990ScheduleI/RecipientTable/CashGrantAmt1815000
IRS990ScheduleI/RecipientTable/CashGrantAmt1915000
IRS990ScheduleI/RecipientTable/CashGrantAmt2015000
IRS990ScheduleI/RecipientTable/CashGrantAmt215000
IRS990ScheduleI/RecipientTable/CashGrantAmt2215000
IRS990ScheduleI/RecipientTable/CashGrantAmt2330000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)

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Filings

Displayed year

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

Open filing
Assets
$5,349,577
Liabilities
$20,207
Net assets
$5,329,370
Revenue
$576,330
Expenses
$558,095
Net income
$18,235
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