Civic Intelligence

Bright Promises Foundation

990 • Fiscal year 2021 • EIN 36-2182047

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileBRIGHTPROMISES.ORG

View Organization Page

70 E Lake St 1120Chicago, IL 60601

(312) 641-5765

Siviq Scores

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

Liabilities / Assets

28th percentile

0.03x

Higher debt load relative to assets than 28% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.22x

Higher debt load relative to revenue than 57% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

11th percentile

-13%

Higher net margin than 11% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

43rd percentile

6.9%

Faster asset growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

17%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$5,719,046

Up $369,469 (+6.9%) from 2020

Net Assets

Up

$5,572,089

Up $242,719 (+4.6%) from 2020

Liabilities

Up

$146,957

Up $126,750 (+627%) from 2020

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin11th percentile

Revenue

Up

$675,896

Up $99,566 (+17%) from 2020

Expenses

Up

$766,507

Up $208,412 (+37%) from 2020

Net Income

Down

-$90,611

Down $108,846 (-597%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2021

Assets$5,719,046
Liabilities$146,957
Net Assets$5,572,089
Open 2021 Filing

Operations Trend

Revenue Growth57th 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

2021

Revenue$675,896
Expenses$766,507
Net Income-$90,611
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$1,664,067
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$4,958,156$5,258,769▲ $300,613
Cash and Non-Interest-Bearing Accounts$235,849$270,878▲ $35,029
Savings and Temporary Cash Investments$145,002$177,677▲ $32,675
Accounts Receivable$10,570$11,722▲ $1,152
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$5,349,577$5,719,046▲ $369,469
Liabilities
Grants Payable-$80,000-
Accounts Payable and Accrued Expenses$20,207$66,957▲ $46,750
Total Liabilities$20,207$146,957▲ $126,750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,683,151$3,904,290▲ $221,139
Net Assets With Donor Restrictions$1,646,219$1,667,799▲ $21,580
Total Net Assets Fund Balance$5,329,370$5,572,089▲ $242,719
Total Liabilities and Net Assets / Fund Balance$5,349,577$5,719,046▲ $369,469

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,202$3,202
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Gaylord GiesekePresident
Marilyn EisenbergVice President
Amanda VallejoDirector
Andreason BrownDirector
Baronica RobertsonDirector
Caroline GibbonsDirector
Jon WillDirector
Kenneth JenningsDirector
Nancy SnyderDirector
Nannette ZanderDirector
Richard ExcellDirector
Scott BishopDirector
Sendhil RevuluriDirector
Shari RunnerDirector
Tim WalkerDirector
Ed DaviesSecretary
Jay RosenbloomTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$316,901
Program Service Revenue
$0
Investment Income
$381,667
Other Revenue
$-22,672
All Other Contributions
$232,842
Change in Net Assets
$-90,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$675,896
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$296,622
Total Revenue per Audited Statements
$972,518
Total Revenue per Form 990
$675,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$458,000
Other Expenses$224,043
Salaries, Compensation, and Employee Benefits$84,464
Total Fundraising Expense$62,068
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$453,000--$453,000
Fees for Services Management$34,700$34,700$17,350$86,750
Other Salaries and Wages-$42,232$42,232$84,464
Fees for Services Other$47,246$31,910-$79,156
Fees for Service Investment Mgmnt Fees-$36,708-$36,708
Fees for Services Accounting-$10,500-$10,500
Grants to Domestic Individuals$5,000--$5,000
Other Expenses$1,433$1,750$578$3,761
Advertising-$1,751$1,908$3,659
Office Expenses$926$1,131-$2,057
Insurance-$1,452-$1,452
Total Functional Expenses$542,305$162,134$62,068$766,507

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$766,507
Expenses per Audited Statements$729,799
Total Expenses per Audited Statements$729,799
Expenses Not Reported on Financial Statements$36,708
Other Expense Adjustments$36,708
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Enlace ChicagoChicago, IL501(c)(3)Social Emotional Learning Home Care$105,000
Arab American Action NetworkChicago, IL501(c)(3)Healing Leading Changing$40,000
Chicago Freedom SchoolChicago, IL501(c)(3)Healing Leading Changing$40,000
Girls Inc of ChicagoChicago, IL501(c)(3)Healing Leading Changing$40,000
Northwestern Housing CenterChicago, IL501(c)(3)Healing Leading Changing$40,000
CHICAGO CHILDREN'S ADVOCACY CENTERChicago, IL501(c)(3)Social Emotional Learning Home Care$20,000
Logan Square Neighborhood AssociationChicago, IL501(c)(3)Social Emotional Learning Home Care$20,000
VocelChicago, IL501(c)(3)Social Emotional Learning Home Care$20,000
CHILDREN'S HOME AIDChicago, IL501(c)(3)Equip Program$15,000
Chicago CommonsChicago, IL501(c)(3)Equip Program$15,000
Chicago Youth CentersChicago, IL501(c)(3)Equip Program$15,000
Christopher HouseChicago, IL501(c)(3)Equip Program$15,000
Illinois Action for ChildrenChicago, IL501(c)(3)Social Emotional Learning Home Care$15,000
LegacyMatteson, IL501(c)(3)Equip Program$15,000
Primo CenterChicago, IL501(c)(3)Social Emotional Learning Home Care$15,000
TUESDAY'S CHILDChicago, IL501(c)(3)Social Emotional Learning Home Care$15,000
Onward Neighborhood HouseChicago, IL501(c)(3)Equip Program$8,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$22,765
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Awards Show$84,059-$22,765-
Total Events$84,059-$22,765$-22,765
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 1120, CHICAGO, IL 60601

Signing Officer

Name
Jay Rosenbloom
Title
Treasurer
Phone
3127048260
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Rosenbloom
Formed
1877
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
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

Additional Explanations

Form 990, Part IX, Line 11G

“Consultants: program service expenses 47246. Management and general expenses 31910. Fundraising expenses 0. Total expenses 79156.”

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 2018 to 2021, 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 696 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/ActivityOrMissionDesc0THE 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01877
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt084059
IRS990/FundraisingDirectExpensesAmt022765
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0309941
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt0458000
IRS990/GrantsPayableGrp/EOYAmt080000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt05000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt05000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0453000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0453000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01275347
IRS990/GrossReceiptsAmt01664067
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01452
IRS990/InsuranceGrp/TotalAmt01452
IRS990/InvestmentIncomeGrp/ExclusionAmt071726
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt071726
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04958156
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05258769
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03202
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt03202
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0965406
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/NetAssetsOrFundBalancesBOYAmt05329370
IRS990/NetAssetsOrFundBalancesEOYAmt05572089
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0309941
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0309941
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-22765
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-22765
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0333330
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03683151
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03904290
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01131
IRS990/OfficeExpensesGrp/ProgramServicesAmt0926
IRS990/OfficeExpensesGrp/TotalAmt02057
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER
IRS990/OtherExpensesGrp/FundraisingAmt0578
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01750
IRS990/OtherExpensesGrp/ProgramServicesAmt01433
IRS990/OtherExpensesGrp/TotalAmt03761
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt093
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt093
IRS990/OtherRevenueTotalAmt093
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt042232
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt042232
IRS990/OtherSalariesAndWagesGrp/TotalAmt084464
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAY ROSENBLOOM
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0263668
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0316000
IRS990/PYInvestmentIncomeAmt0339910
IRS990/PYOtherExpensesAmt0163829
IRS990/PYOtherRevenueAmt0-27248
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt018235
IRS990/PYSalariesCompEmpBnftPaidAmt078266
IRS990/PYTotalExpensesAmt0558095
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0576330
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-90611
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0145002
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0177677
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0316901
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0263668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0313078
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0226325
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0270170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01390142
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt071726
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt061806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt070374
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt073551
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt079800
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0357257
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt093
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0410
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0503
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.57930
IRS990ScheduleA/PublicSupportPY170Pct00.58090
IRS990ScheduleA/PublicSupportTotal170Amt01012589
IRS990ScheduleA/SubstantialContributorsTotAmt0377553
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0316901
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0263668
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0313078
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0226325
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0270170
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01390142
IRS990ScheduleA/TotalSupportAmt01747902
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/ExpensesNotRptFinclStmtAmt036708
IRS990ScheduleD/ExpensesSubtotalAmt0729799
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0333330
IRS990ScheduleD/OtherExpensesNotIncludedAmt036708
IRS990ScheduleD/OtherRevenueAmt0-36708
IRS990ScheduleD/RevenueNotReportedAmt0296622
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0675896
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 2018 TO 2021, 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/TotalExpensesPerForm990Amt0766507
IRS990ScheduleD/TotalRevenuePerForm990Amt0675896
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0972518
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0729799
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt084059
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt084059
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022765
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AWARDS SHOW
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt084059
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt084059
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-22765
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt022765
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt022765
IRS990ScheduleI/GrantRecordsMaintainedInd01

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,719,046
Liabilities
$146,957
Net assets
$5,572,089
Revenue
$675,896
Expenses
$766,507
Net income
-$90,611
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