Brighter Future Alliance EIN 45-5076442

Brighter Future Alliance FY2020 filing

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Promotes freedom and free enterprise to benefit all citizens. For fiscal year 2020 it reported $504K in revenue, $483K in expenses, and $51K in net assets.Pt I

Type
Membership association · Civil Rights & Advocacy
Location
Bismarck, ND
Website
brighterfuturealliance.org
Filings
5 on file (2020–2020)
Revenue
$504KFY2020
Expenses
$483K
Net assets
$51K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-5076442 Membership association Bismarck, ND
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes freedom and free enterprise to benefit all citizens.
Leadership
Pat Finken · Director
Money in and out
$504K revenue, $483K expenses
Bottom line
+4% operating surplus
Membership & operating revenue · FY2020
Total revenue
$504K
Pt VIII · Ln 12
Total expenses
$483K
Pt IX · Ln 25
Net assets
$51K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $21K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Operating surplus
+4%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Program spending
92%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$504K
FY2020
Expenses
$483K
FY2020
Total assets
$51K
FY2020
Total liabilities
$0
FY2020
Total revenue
$504K
Pt VIII · Ln 12
Total expenses
$483K
Pt IX · Ln 25
Net assets
$51K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$21K
Total assetsPt X · Ln 16$51K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $446K of program spending, described in the organization's own filed words · FY2020.
01

Focused on educating the public on economic, energy, environmental policies and voter rights legislation, and administrative and regulatory proposals at the federal and state level. Engaged in non-partisan efforts to encourage voter registration and encourage participation by citizens.

$446Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrighter Future Alliance
EINHdr · item D45-5076442
Principal addressHdr · item CBismarck, ND
WebsiteHdr · item Jbrighterfuturealliance.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MND
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R010)
Ruling yearIRS BMFSep 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$504K
Total revenueLn 12$504K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program services92%$446K
Management & general7%$32K
Fundraising1%$5K
Total functional expensesLn 25$483K

Balance Sheet

Part X · end of year
CashLn 1$51K
Total assetsLn 16$51K
Total liabilitiesLn 26$0
Total net assetsLn 32$51K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $51K · Operating expenses/yr $483K
1.3 months
Where the money goes
Program services
Program services $446K · Total expenses $483K
92%
Management & General
Management & general $32K · Total expenses $483K
7%
Fundraising
Fundraising $5K · Total expenses $483K
1%
Cost to raise $1
Fundraising expense $5K · Solicited contributions $504K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $504K · Total revenue $504K
100%
Government reliance
Government grants — · Total revenue $504K
Earned-income share
Program service revenue $0 · Total revenue $504K
0%
Investment reliance
Investment income $0 · Total revenue $504K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $483K
0%
Growth & trend
Revenue growth (YoY)
This year $504K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $51K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $504K · Expenses $483K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $51K
Net-asset ratio
Net assets $51K · Total assets $51K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $51K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Pat Finken · Reported title Director · Highest reported compensation $0 · Total expenses $483K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $483K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 7%
Fundraising cost ratio 1.0%
Legal fee ratio 3%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$35K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$961K revenue · ⤓ 990 PDF
FY2023$120K revenue · ⤓ 990 PDF
FY2022$353K revenue · ⤓ 990 PDF
FY2021$80K revenue · ⤓ 990 PDF
FY2020$504K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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