Civic Intelligence

Brighter Futures Foundation

990 • Fiscal year 2024 • EIN 84-2713350

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

1S269 Ingersoll Lane 269Villa Park, IL 60181

(630) 202-6380

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

50th percentile

4.8%

Higher net margin than 50% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

85th percentile

38%

Faster asset growth than 85% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

14%

Faster revenue growth than 59% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$171,117

Up $47,485 (+38%) from 2023

Net Assets

Up

$171,117

Up $47,485 (+38%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$985,928

Up $122,199 (+14%) from 2023

Expenses

Up

$938,443

Up $71,164 (+8.2%) from 2023

Net Income

Up

$47,485

Up $51,035 (+1438%) from 2023

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2020: $28,295Liabilities 2020: $0Net Assets 2020: $28,2952020Assets 2021: $56,313Liabilities 2021: $0Net Assets 2021: $56,3132021Assets 2022: $127,182Liabilities 2022: $0Net Assets 2022: $127,1822022Assets 2023: $123,632Liabilities 2023: $0Net Assets 2023: $123,6322023Assets 2024: $171,117Liabilities 2024: $0Net Assets 2024: $171,1172024

Highlighted filing

2024

Assets$171,117
Liabilities$0
Net Assets$171,117

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $114,370Expenses 2020: $86,075Net Income 2020: $28,2952020Revenue 2021: $188,965Expenses 2021: $160,947Net Income 2021: $28,0182021Revenue 2022: $437,546Expenses 2022: $366,677Net Income 2022: $70,8692022Revenue 2023: $863,729Expenses 2023: $867,279Net Income 2023: -$3,5502023Revenue 2024: $985,928Expenses 2024: $938,443Net Income 2024: $47,4852024

Highlighted filing

2024

Revenue$985,928
Expenses$938,443
Net Income$47,485
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 28, 2025
Return Version
2024v5.2
Gross Receipts
$985,928
Mission and Program Overview

Mission

We envision a world where everyone with a desire for an education be it islamic or secular is able to attain one, regardless of their income or geographic location.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$123,632$171,117▲ $47,485
Rtn Earn Endowment Incm Other Fnds$123,632$171,117▲ $47,485
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$123,632$171,117▲ $47,485
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$123,632$171,117▲ $47,485
Total Liabilities and Net Assets / Fund Balance$123,632$171,117▲ $47,485
Compensation and Service Providers

Board Members and Trustees

NameTitle
Yousuf GhousePresident
Ali SiddiquiSecretary
Fayaaz MohammedTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$985,928
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$985,928
Change in Net Assets
$47,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$921,830
Other Expenses$16,613
Total Fundraising Expense$8,308
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$921,830--$921,830
Information Technology-$4,755$4,755$9,510
Fees for Services Accounting-$2,700$2,700$5,400
Advertising-$646$647$1,293
Fees for Services Legal-$107$108$215
Office Expenses-$87$87$174
Fees for Services Other-$10$11$21
Total Functional Expenses$921,830$8,305$8,308$938,443
International Activity

International Summary

Offices
0
Employees
0
Spending
$921,830

International Compliance

Foreign grant records maintained
No
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
Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso,Program ServicesMedical00$921,830
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The organization's president reviewed the return before filing with the irs.

Form 990, Part VI, Section B, line 12C

1. Duty to Disclose Each Member, Director, Officer, Employee, and any other Interested Person is under an obligation to disclose the existence or potential existence of a Conflict of Interest as it arises. 2. Investigating Conflicts When a potential Conflict of Interest is disclosed, the Governing Board will then provide the individual with an opportunity to disclose all material facts. The Board will collect all pertinent information and question the involved parties. If it turns out that a conflict does not exist, the inquiry will be documented but no further action will be taken. 3. Addressing a Conflict of Interest If the Board determines that a conflict of interest exists, they will take the appropriate actions to address the conflict. This may include (but not be limited to): (a) prohibiting any Interested Parties from voting on any matter related to said Conflict of Interest or (b) terminating employment with Brighter Futures Foundation Affected parties both within and outside of Brighter Futures Foundation, including shareholders, directors, employees, and independent contractors, will be notified. If the Conflict of Interest in question involves a member of the Board, that individual will be excused from deliberations. 4. Disciplinary Action All conflicts of interest will be reviewed on a case-by-case basis. The board has full discretion to deem what disciplinary action is appropriate and necessary for disclosed conflicts of interest. If the governing officers reasonably believe a member or staff member failed to disclose an existing or possible conflict of Interest, it shall inform the individual of the rationale for such belief and grant the individual an opportunity to explain the alleged failure to disclose the Conflict of Interest. After hearing the individual's response and investigating further as warranted by the circumstances, the governing officers may take appropriate disciplinary action, including removal from the position at the organization. 5. Notice of Annual Statements Every Member, Director, Officer, Employee, and any other Interested Person must sign a Conflict of Interest Disclosure Statement upon said individual's term of office, employment, or other relationship with Brighter Futures Foundation and must do so annually. Failure to sign does not nullify the policy.

Form 990, Part VI, Section C, line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Brighter Futures Foundation
EIN
84-2713350
Phone
6302026380
Address
1S269 Ingersoll Lane 269, Villa Park, IL 60181

Signing Officer

Name
Yousuf Ghouse
Title
President
Phone
6302026380
Signed
2025-06-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yousuf Ghouse
Formed
2019
Legal Domicile
Il
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ashraf Advisory PLLC
Address
450 Century Pkwy Ste 250-289, Allen, TX 75013-8044
Preparer
Arsalan Ashraf
Phone
9729920946
Raw XML Appendix325 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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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION UTILIZES STANDARD ACCOUNTING PROCEDURES TO MAINTAIN RECORDS OF THE AMOUNT OF ASSISTANCE PROVIDED. THE ORGANIZATION'S OFFICERS AND OTHER VOLUNTEERS PROVIDE DIRECT MEDICAL ASSISTANCE TO THOSE IN NEED, AND ALL EXPENSES INCURRED ARE FOR PROVIDING THAT ASSISTANCE
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PRESIDENT REVIEWED THE RETURN BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11. Duty to Disclose Each Member, Director, Officer, Employee, and any other Interested Person is under an obligation to disclose the existence or potential existence of a Conflict of Interest as it arises. 2. Investigating Conflicts When a potential Conflict of Interest is disclosed, the Governing Board will then provide the individual with an opportunity to disclose all material facts. The Board will collect all pertinent information and question the involved parties. If it turns out that a conflict does not exist, the inquiry will be documented but no further action will be taken. 3. Addressing a Conflict of Interest If the Board determines that a conflict of interest exists, they will take the appropriate actions to address the conflict. This may include (but not be limited to): (a) prohibiting any Interested Parties from voting on any matter related to said Conflict of Interest or (b) terminating employment with Brighter Futures Foundation Affected parties both within and outside of Brighter Futures Foundation, including shareholders, directors, employees, and independent contractors, will be notified. If the Conflict of Interest in question involves a member of the Board, that individual will be excused from deliberations. 4. Disciplinary Action All conflicts of interest will be reviewed on a case-by-case basis. The board has full discretion to deem what disciplinary action is appropriate and necessary for disclosed conflicts of interest. If the governing officers reasonably believe a member or staff member failed to disclose an existing or possible conflict of Interest, it shall inform the individual of the rationale for such belief and grant the individual an opportunity to explain the alleged failure to disclose the Conflict of Interest. After hearing the individual's response and investigating further as warranted by the circumstances, the governing officers may take appropriate disciplinary action, including removal from the position at the organization. 5. Notice of Annual Statements Every Member, Director, Officer, Employee, and any other Interested Person must sign a Conflict of Interest Disclosure Statement upon said individual's term of office, employment, or other relationship with Brighter Futures Foundation and must do so annually. Failure to sign does not nullify the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Arsalan Ashraf
ReturnHeader/ReturnTs02025-06-28T13:06:25-05:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $500k-$1M nonprofits

San Francisco, CA

View Organization

Fireside Project Inc.

501(c)3 • NTEE F40

Revenue$985,865
Assets$798,874

Revenue vs current organization

About the same

Assets vs current organization

367% higher