Civic Intelligence

Bright Funds Foundation

990 • Fiscal year 2022 • EIN 46-2109112

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 16, 2023

Organization ProfileWWW.BRIGHTFUNDS.ORG
PO Box 53125San Jose, CA 95153

(650) 862-6400

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.11x

Higher debt load relative to assets than 33% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

11th percentile

0.04x

Higher debt load relative to revenue than 11% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

38th percentile

2.2%

Higher net margin than 38% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

81st percentile

16%

Faster asset growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

72nd percentile

18%

Faster revenue growth than 72% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$27,273,042

Up $3,854,209 (+16%) from 2021

Net Assets

Up

$24,191,447

Up $1,445,922 (+6.4%) from 2021

Liabilities

Up

$3,081,595

Up $2,408,287 (+358%) from 2021

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin38th percentile

Revenue

Up

$69,853,050

Up $10,575,801 (+18%) from 2021

Expenses

Up

$68,290,248

Up $7,111,347 (+12%) from 2021

Net Income

Up

$1,562,802

Up $3,464,454 (+182%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$30M$20M$10M$0-$10MAssets 2013: $1,882Liabilities 2013: $0Net Assets 2013: $1,8822013Assets 2014: $46,309Liabilities 2014: $48,113Net Assets 2014: -$1,8042014Assets 2015: $1,744,736Liabilities 2015: $757,851Net Assets 2015: $986,8852015Assets 2016: $6,781,413Liabilities 2016: $209,637Net Assets 2016: $6,571,7762016Assets 2017: $9,982,523Liabilities 2017: $760,978Net Assets 2017: $9,221,5452017Assets 2018: $12,197,417Liabilities 2018: $198,491Net Assets 2018: $11,998,9262018Assets 2019: $16,383,053Liabilities 2019: $547,332Net Assets 2019: $15,835,7212019Assets 2020: $25,270,957Liabilities 2020: $1,964,105Net Assets 2020: $23,306,8522020Assets 2021: $23,418,833Liabilities 2021: $673,308Net Assets 2021: $22,745,5252021Assets 2022: $27,273,042Liabilities 2022: $3,081,595Net Assets 2022: $24,191,4472022Assets 2023: $21,258,588Liabilities 2023: $6,627,934Net Assets 2023: $14,630,6542023Assets 2024: $10,834,060Liabilities 2024: $5,024,690Net Assets 2024: $5,809,3702024

Highlighted filing

2022

Assets$27,273,042
Liabilities$3,081,595
Net Assets$24,191,447
Open 2022 Filing

Operations Trend

Revenue Growth72nd percentile

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

$100M$50M$0-$50MRevenue 2013: $87,114Expenses 2013: $85,232Net Income 2013: $1,8822013Revenue 2014: $215,195Expenses 2014: $218,881Net Income 2014: -$3,6862014Revenue 2015: $3,632,464Expenses 2015: $2,686,391Net Income 2015: $946,0732015Revenue 2016: $11,805,878Expenses 2016: $6,836,825Net Income 2016: $4,969,0532016Revenue 2017: $23,718,190Expenses 2017: $21,068,421Net Income 2017: $2,649,7692017Revenue 2018: $30,893,921Expenses 2018: $28,116,540Net Income 2018: $2,777,3812018Revenue 2019: $40,809,537Expenses 2019: $36,972,742Net Income 2019: $3,836,7952019Revenue 2020: $70,147,390Expenses 2020: $62,862,652Net Income 2020: $7,284,7382020Revenue 2021: $59,277,249Expenses 2021: $61,178,901Net Income 2021: -$1,901,6522021Revenue 2022: $69,853,050Expenses 2022: $68,290,248Net Income 2022: $1,562,8022022Revenue 2023: $85,703,644Expenses 2023: $83,907,973Net Income 2023: $1,795,6712023Revenue 2024: $25,639,675Expenses 2024: $22,261,639Net Income 2024: $3,378,0362024

Highlighted filing

2022

Revenue$69,853,050
Expenses$68,290,248
Net Income$1,562,802
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 16, 2023
Return Version
2022v5.0
Gross Receipts
$69,853,050
Mission and Program Overview

Mission

Bright funds foundation exists to empower people to be meaningful,effective, and engaged philanthropists.

Bright funds foundation exists to empower people to be meaningful, effective, and engaged philanthropists.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$13,211,607$13,845,216▲ $633,609
Cash and Non-Interest-Bearing Accounts$8,210,948$13,427,826▲ $5,216,878
Savings and Temporary Cash Investments$1,996,278$0▼ $1,996,278
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$23,418,833$27,273,042▲ $3,854,209
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$662,066$1,797,894▲ $1,135,828
Other Liabilities$11,242$1,283,701▲ $1,272,459
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$673,308$3,081,595▲ $2,408,287
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,745,525$24,191,447▲ $1,445,922
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$22,745,525$24,191,447▲ $1,445,922
Total Liabilities and Net Assets / Fund Balance$23,418,833$27,273,042▲ $3,854,209
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Srinagesh VitthalanaPresident
Andrew FlachnerSecretary
Cliff GoldsteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$69,853,050
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$69,853,050
Change in Net Assets
$1,562,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$65,916,743
Other Expenses$2,373,505
Total Fundraising Expense$2,149,748
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$58,401,273--$58,401,273
Foreign Grants$7,515,470--$7,515,470
Fees for Services Other$0$210,803$2,149,748$2,360,551
Office Expenses$0$12,954$0$12,954
Total Functional Expenses$65,916,743$223,757$2,149,748$68,290,248
International Activity

International Summary

Offices
0
Employees
0
Spending
$6,383,900

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)GrantmakingNone00$2,780,306
South AsiaGrantmaking-00$1,224,054
Russia and the Newly Independent StatesGrantmakingNone00$894,726
East Asia and the PacificGrantmakingNone00$515,748
North AmericaGrantmakingNone00$431,904
Middle East and North AfricaGrantmakingNone00$194,037
Sub-Saharan AfricaGrantmaking---$147,562
Central America and the CaribbeanGrantmakingNone00$117,496
South AmericaGrantmaking-00$78,067
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contributions Returned$1,283,701
Payments Received From Bfi Clients$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

“The president, secretary, and treasurer are provided a draft copy of the tax return annually. The tax return is not finalized until they have reviewed and approved the tax return.”

FORM 990, PART VI, SECTION C, LINE 19:

“The organization makes the governing documents, conflict of interest policy, and financial statements available to the public by providing copies upon request.”

Filing and Contact Details

Filer

Filer Name
Bright Funds Foundation
EIN
46-2109112
In Care Of
% SRINAGESH VITTHANALA
Phone
6508626400
Address
PO BOX 53125, SAN JOSE, CA 95153

Signing Officer

Name
Srinagesh Vitthanala
Title
President
Phone
6508626409
Signed
2023-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Srinagesh Vitthanala
Formed
2013
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
275 BATTERY ST STE 1800, SAN FRANCISCO, CA 94111-3346
Preparer
Kelly Pollard
Phone
4159563600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2B:

“Management intends to have an audit performed for the year ended december 31, 2022. As of the date of this 990 filing, the audit has not been completed.”

Raw XML AppendixShowing 400 of 477 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/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01562802
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01996278
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt069853050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt059277249
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt070147390
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt040809537
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt030893921
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0270981147
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0270981147
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt069853050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt059277249
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt070147390
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt040809537
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt030893921
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0270981147
IRS990ScheduleA/TotalSupportAmt0270981147
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01283701
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRIBUTIONS RETURNED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYMENTS RECEIVED FROM BFI CLIENTS
IRS990ScheduleD/TotalLiabilityAmt01283701
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt60
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt70
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt60
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt70
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0117496
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1515748
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt22780306
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt3194037
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt4431904
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt5894726
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt678067
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt71224054
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt8147562
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3Middle East and North Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5Russia and the Newly Independent States
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt6South America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt7South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt8Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0NONE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1NONE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2NONE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3NONE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4NONE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5NONE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Grantmaking
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Grantmaking
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3Grantmaking
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4Grantmaking
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt5Grantmaking
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt6Grantmaking
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt7Grantmaking
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt8Grantmaking
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt06383900
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt06383900
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/Total501c3OrgCnt01770
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT, SECRETARY, AND TREASURER ARE PROVIDED A DRAFT COPY OF THE TAX RETURN ANNUALLY. THE TAX RETURN IS NOT FINALIZED UNTIL THEY HAVE REVIEWED AND APPROVED THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT INTENDS TO HAVE AN AUDIT PERFORMED FOR THE YEAR ENDED DECEMBER 31, 2022. AS OF THE DATE OF THIS 990 FILING, THE AUDIT HAS NOT BEEN COMPLETED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2B:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0454503414
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0COMMERCIAL FUNDRA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BRIGHT FUNDS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0555 E North Ln Ste 5030A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0CONSHOHOCKEN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd019428
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0NAME, ADDRESS, AND EIN OF RELATED ORGANIZATION: BRIGHT FUNDS INC. EIN: 45-4503414 555 E NORTH LN STE 5030A CONSHOHOCKEN, PA 19428 PRIMARY ACTIVITY: COMMERCIAL FUNDRAISING DIRECT CONTROLLING ENTITY:
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST:
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02149748
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0GAAP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BRIGHT FUNDS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,273,042
Liabilities
$3,081,595
Net assets
$24,191,447
Revenue
$69,853,050
Expenses
$68,290,248
Net income
$1,562,802
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$5.02$5.81$25.6$22.3$3.38
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.3$6.63$14.6$85.7$83.9$1.80
2022Detailed filing. Detailed filing data is available for this year.$27.3$3.08$24.2$69.9$68.3$1.56
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.4$0.67$22.7$59.3$61.2$1.90
2020Summary only. Only limited summary data is available for this year.$25.3$1.96$23.3$70.1$62.9$7.28
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$0.55$15.8$40.8$37.0$3.84
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$0.20$12.0$30.9$28.1$2.78
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.98$0.76$9.22$23.7$21.1$2.65
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.78$0.21$6.57$11.8$6.84$4.97
2015Detailed filing. Detailed filing data is available for this year.$1.74$0.76$0.99$3.63$2.69$0.95
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.05$0.00$0.22$0.22$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.09$0.09$0.00