Civic Intelligence

Our Bright Future Inc.

990 • Fiscal year 2024 • EIN 81-4077496

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 28, 2025

Organization ProfileWWW.OURBRIGHTFUTUREINC.ORG
32 Everett StSouthbridge, MA 01550

(774) 578-5111

Siviq Scores

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

Liabilities / Assets

90th percentile

0.56x

Higher debt load relative to assets than 90% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.07x

Higher debt load relative to revenue than 79% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

25th percentile

-12%

Higher net margin than 25% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$64,830

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

15th percentile

-37%

Faster asset growth than 15% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

1.9%

Faster revenue growth than 49% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$49,960

Down $29,613 (-37%) from 2023

Net Assets

Down

$22,208

Down $46,104 (-67%) from 2023

Liabilities

Up

$27,752

Up $16,491 (+146%) from 2023

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin25th percentile

Revenue

Up

$413,183

Up $7,709 (+1.9%) from 2023

Expenses

Up

$461,648

Up $73,160 (+19%) from 2023

Net Income

Down

-$48,465

Down $65,451 (-385%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$80K$60K$40K$20K$0Assets 2018: $8,665Net Assets 2018: $8,6652018Assets 2019: $11,947Liabilities 2019: $0Net Assets 2019: $11,9472019Assets 2020: $37,017Liabilities 2020: $0Net Assets 2020: $37,0172020Assets 2021: $30,183Liabilities 2021: $1,288Net Assets 2021: $28,8952021Assets 2022: $56,044Liabilities 2022: $4,718Net Assets 2022: $51,3262022Assets 2023: $79,573Liabilities 2023: $11,261Net Assets 2023: $68,3122023Assets 2024: $49,960Liabilities 2024: $27,752Net Assets 2024: $22,2082024

Highlighted filing

2024

Assets$49,960
Liabilities$27,752
Net Assets$22,208
Open 2024 Filing

Operations Trend

Revenue Growth49th percentile

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

$600K$400K$200K$0-$200KRevenue 2018: $10,792Expenses 2018: $8,014Net Income 2018: $2,7782018Revenue 2019: $29,834Expenses 2019: $26,552Net Income 2019: $3,2822019Revenue 2020: $49,307Expenses 2020: $24,237Net Income 2020: $25,0702020Revenue 2021: $95,920Expenses 2021: $104,042Net Income 2021: -$8,1222021Revenue 2022: $276,470Expenses 2022: $254,040Net Income 2022: $22,4302022Revenue 2023: $405,474Expenses 2023: $388,488Net Income 2023: $16,9862023Revenue 2024: $413,183Expenses 2024: $461,648Net Income 2024: -$48,4652024

Highlighted filing

2024

Revenue$413,183
Expenses$461,648
Net Income-$48,465
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 28, 2025
Return Version
2024v5.1
Gross Receipts
$413,183
Mission and Program Overview

Mission

To provide programs for under privileage students

Our mission is to empower youth and develop bright leaders through robotics, sports training and guidance in academics

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,361$26,445▼ $4,916
Cash and Non-Interest-Bearing Accounts$48,212$22,497▼ $25,715
Savings and Temporary Cash Investments$1,002$1,018▲ $16
Total Assets$80,575$49,960▼ $30,615
Liabilities
Accounts Payable and Accrued Expenses$9,902$27,752▲ $17,850
Total Liabilities$9,902$27,752▲ $17,850
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$70,673$22,208▼ $48,465
Total Net Assets Fund Balance$70,673$22,208▼ $48,465
Total Liabilities and Net Assets / Fund Balance$80,575$49,960▼ $30,615

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$26,445$26,187$52,632
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kwasi AcheampongPresidentFT$64,830$64,830
Scarlett AcheampongClerkPT$55,731$55,731

Board Members and Trustees

NameTitle
Doris TownsDirector
Linda NeffDirector
Robert GalganoDirector
Sheri BibinskiDirector
Peter KariukiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$351,861
Program Service Revenue
$59,755
Investment Income
$16
Other Revenue
$1,551
All Other Contributions
$287,680
Change in Net Assets
$-48,465
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$333,858
Other Expenses$122,800
Total Fundraising Expense$49,401
Grants and Similar Amounts Paid$4,990
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$144,538$18,067$18,067$180,672
Current Officers, Directors, Trustees, and Key Employees$96,449$12,056$12,056$120,561
Occupancy$26,809$1,509$1,509$29,827
Payroll Taxes$22,690$2,836$2,836$28,362
All Other Expenses$13,649$1,185$6,900$21,734
Fees for Services Other$7,052$5,850-$12,902
Depreciation Depletion$8,013$1,002$1,002$10,017
Office Expenses$9,869--$9,869
Information Technology$9,714--$9,714
Insurance-$8,164-$8,164
Advertising--$7,031$7,031
Grants to Domestic Individuals$4,990--$4,990
Pension Plan Contributions$4,263--$4,263
Interest-$3,365-$3,365
Other Expenses$3,116$84-$3,116
Total Functional Expenses$358,129$54,118$49,401$461,648
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Yes
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Kwasi acheampong president married to scarlett archemepong clerk and employee”

Form 990 governing body review Part VI line 11

“The board of directors receives a draft copy of the form 990 and must approve it before it is filed. Draft copy is delivered by email or mail.”

Conflict of interest policy compliance Part VI line 12C

“Each director, principal officer and member of a committee with governing board delegated powers annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understood the policy, c. Has agreed to comply with the policy, andd. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

CEO executive director top management comp Part VI line 15A

“The executive directors annual salary is determined by the board of directors. The board determines the salary of the executive director using other comparable local and national nonprofit organizations. In addition the board of directors performs an annual performance evaluation. The results of this evaluation is also used to determined executive director salary.”

Other officer or key employee compensation Part VI line 15B

“The board of director and the executive director review budget projections and reviews employee performance to determine compensation.”

Governing documents etc available to public Part VI line 19

“The executive director will make public any form 990 or massachusetts form pc or any other governance policy upon request. The organization may request reimbursement for the cost of copies if physical copies are needed.”

Filing and Contact Details

Filer

Filer Name
Our Bright Future Inc
EIN
81-4077496
In Care Of
% KWASI ACHEAMPONG
Phone
7745785111
Address
32 EVERETT ST, Southbridge, MA 01550

Signing Officer

Name
Kwasi Acheampong
Title
President
Phone
7745785111
Signed
2025-04-28
Discuss with paid preparer
Yes

Organization Details

Formed
2016
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
5
Employees
16

Preparer

Firm
Aaron T White CPA
Address
11 Foster Street Ste 300A, Worcester, MA 01608
Preparer
Aaron T White
Phone
7745261431
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt049307
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01230864
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KWASI ACHEAMPONG PRESIDENT MARRIED TO SCARLETT ARCHEMEPONG CLERK AND EMPLOYEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS RECEIVES A DRAFT COPY OF THE FORM 990 AND MUST APPROVE IT BEFORE IT IS FILED. DRAFT COPY IS DELIVERED BY EMAIL OR MAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTOOD THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, ANDD. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTORS ANNUAL SALARY IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR USING OTHER COMPARABLE LOCAL AND NATIONAL NONPROFIT ORGANIZATIONS. IN ADDITION THE BOARD OF DIRECTORS PERFORMS AN ANNUAL PERFORMANCE EVALUATION. THE RESULTS OF THIS EVALUATION IS ALSO USED TO DETERMINED EXECUTIVE DIRECTOR SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTOR AND THE EXECUTIVE DIRECTOR REVIEW BUDGET PROJECTIONS AND REVIEWS EMPLOYEE PERFORMANCE TO DETERMINE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE DIRECTOR WILL MAKE PUBLIC ANY FORM 990 OR MASSACHUSETTS FORM PC OR ANY OTHER GOVERNANCE POLICY UPON REQUEST. THE ORGANIZATION MAY REQUEST REIMBURSEMENT FOR THE COST OF COPIES IF PHYSICAL COPIES ARE NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KWASI ACHEAMPONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-28
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$49,960
Liabilities
$27,752
Net assets
$22,208
Revenue
$413,183
Expenses
$461,648
Net income
-$48,465
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.50$0.28$0.22$4.13$4.62$0.48
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.11$0.68$4.05$3.88$0.17
2022Detailed filing. Detailed filing data is available for this year.$0.56$0.05$0.51$2.76$2.54$0.22
2021Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.96$1.04$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.49$0.24$0.25
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.30$0.27$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.09$0.11$0.08$0.03
Peer Organizations

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