Bright Futures Fund

Tax-deductible

Kansas City, MO501(c)(3)Since 2014EducationEIN 46-1012192Revenue $10.6M in FY2025

On file with the IRSbrightfuturesfund.org20 W 9th St Ste 200, 64105-1710 · Kansas City, MOTax-exempt since Aug 2016Publicly supported charity — 170(b)(1)(A)(vi)

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To offer positive education opportunities to youth in a safe, value-centered environment, and for such other purposes as permitted by law.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $704K a year · 12% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.6M
-30% vs prior year
Spent
$10.6M
To programs
98%
Net assets
$4.6M
By yearFY2020–FY2025
Revenue
$10.6M
FY2025▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$1.7M
FY2022$2.2M
FY2023$4.6M
FY2024$15.1M
FY2025$10.6M
Expenses
$10.6M
FY2025▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.5M
FY2023$4.9M
FY2024$12.8M
FY2025$10.6M
Net assets
$4.6M
FY2025▼ -0.7%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$2.2M
FY2022$2.4M
FY2023$2.2M
FY2024$4.7M
FY2025$4.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Exemption reinstated (2015-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Aug 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $10.4M Management & general 1% · $106K Fundraising 1% · $70K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chairperson
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bright Futures Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides safe, value-centered education and opportunities for youth.

Questions for Bright Futures Fund

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Provided by the organization

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3 programs · $10.4M · in their own filed words · FY2024
01

As a certified educational assistance organization for the missouri scholars k-12 scholarship program, provided funding for children that met state requirements to attend one of thirty schools in the diocese of kansas city-st. Joseph.

$6.9Mprogram expense
02

Grants are provided to three inner city schools within the catholic diocese of kansas city-st. Joseph. This enables the schools to provide SCHOLARSHIPS/FINANCIAL assistance to families to enable children to receive a catholic education. The funds also support the operating costs of the two schools.

$1.8Mprogram expense
03

Fiscal years 2024 and 2025 included construction costs for a new building at one of the three inner city schools that are supported by bright futures fund.

$1.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 104 grants · $17.9M · 2019–2024
Nativity of MaryFY2024$561,000
Holy CrossFY2024$433,500
Cathedral SchoolFY2024$427,125
St Charles BorromeoFY2024$420,750
St Regis AcademyFY2024$337,875
St Thomas MoreFY2024$325,125
St JamesFY2024$325,125
St John LalandeFY2024$293,250
St Francis XavierFY2024$267,750
St PatrickFY2024$261,375
Our Lady of PresentationFY2024$261,375
St JamesFY2024$229,500
St Michael the Archangel High SchoolFY2024$216,750
St Gabriel ArchangelFY2024$216,750
Notre Dame De Sion SchoolFY2024$210,375
St Teresa AcademyFY2024$197,625
St ElizabethFY2024$172,125
See all 104 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$10.6M
Ln 12
Fees for servicesLn 2g$7.9M
Gifts and grantsLn 1h$1.8M
Other incomeLn 4–11$652K
Money outPt IX
$10.6M
Ln 25
Programscol B$10.4M
Managementcol C$106K
Fundraisingcol D$70K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$6.4M
Total assetsLn 16$7.7M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Fundraising eventsLn 1c$698K
Fees for servicesLn 2g$7.9M
Investment incomeLn 3$235K
Other incomeLn 4–11$652K
Gains on assetsLn 7$160K
Total revenueLn 12$10.6M
Assets in detailPt X, end of year
CashLn 1$6.4M
Cash and savings togetherLn 1–2$6.4M
InvestmentsLn 11–13$1.1M
Other assetsLn 15$131K
Total assetsLn 16$7.7M
LiabilitiesLn 26$3.0M
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$5.3M$6.4M
InvestmentsLn 11–13$1.6M$1.1M
Total assetsLn 16$7.0M$7.7M
LiabilitiesLn 26$2.4M$3.0M
Net assetsLn 32$4.7M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8.0M$8.0M
Grants to domestic individualsLn 2$45K$45K
Other salaries and wagesLn 7$276K$245K$30K
Pension plan contributionsLn 8$15K$13K$2K
Other employee benefitsLn 9$12K$11K$1K
Payroll taxesLn 10$21K$18K$2K
Accounting feesLn 11c$45K$36K$8K
Advertising and promotionLn 12$5K$4K$992
Office expensesLn 13$52K$14K$35K$3K
Information technologyLn 14$1K$1K
OccupancyLn 16$80K$10K$68K$2K
TravelLn 17$2K$2K
InsuranceLn 23$57K$46K$11K
Other expenses (24a–d)Ln 24$2.0M$2.0M$9K
Total functional expensesLn 25$10.6M$10.4M$106K$70K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $10.6M$10.6M−$5K$4.6M 990 PDF
FY2024 $15.1M$12.8M$2.3M$4.7M 990 PDF
FY2023 $4.6M$4.9M−$297K$2.2M 990 PDF
FY2022 $2.2M$1.5M$742K$2.4M 990 PDF
FY2021 $1.7M$1.2M$495K$2.2M 990 PDF
FY2020 $2.1M$1.1M$985K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $10,573,656 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,299,066$1,753,784
I-9 Program service revenuePrior year $9,985,385$7,932,728
I-10 Investment incomePrior year $248,921$235,187
I-11 Other revenuePrior year $596,032$651,957
I-12 Total revenuePrior year $15,129,404$10,573,656
I-13 Grants and similar amounts paidPrior year $5,402,250$8,026,675
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $442,274$323,178
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,980,706$2,228,737
I-18 Total expensesPrior year $12,825,230$10,578,590
I-19 Revenue less expensesPrior year $2,304,174−$4,934
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $10,573,656 across 9 lines filed
VIII-1c Fundraising events$698,189
VIII-1f All other contributions, gifts and grants$1,055,595
VIII-1h Total contributions, gifts and grants$1,753,784
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,932,728$7,932,728
VIII-3 Investment incomeExcluded from tax $75,374$75,374
VIII-7 Net gain or loss on sales of assetsExcluded from tax $159,813$159,813
VIII-8 Net income from fundraising eventsExcluded from tax $15,373$15,373
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $636,584$636,584
VIII-12 Total revenueRelated to mission $7,932,728 · Unrelated business $0 · Excluded from tax $887,144$10,573,656
Part IX · Statement of functional expenses $10,578,590 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $7,982,050$7,982,050
IX-2 Grants to domestic individualsPrograms $44,625$44,625
IX-7 Other salaries and wagesPrograms $245,065 · Fundraising $30,461$275,526
IX-8 Pension plan contributionsPrograms $13,407 · Fundraising $1,667$15,074
IX-9 Other employee benefitsPrograms $10,619 · Fundraising $1,319$11,938
IX-10 Payroll taxesPrograms $18,358 · Fundraising $2,282$20,640
IX-11c Accounting feesPrograms $36,195 · Fundraising $8,430$44,625
IX-12 Advertising and promotionPrograms $4,258 · Fundraising $992$5,250
IX-13 Office expensesPrograms $13,905 · Management $35,355 · Fundraising $3,236$52,496
IX-14 Information technologyManagement $1,209$1,209
IX-16 OccupancyPrograms $9,778 · Management $68,104 · Fundraising $2,277$80,159
IX-17 TravelManagement $1,537$1,537
IX-23 InsurancePrograms $45,990 · Fundraising $10,710$56,700
IX-24 Other expenses (24a–d)Programs $1,977,979 · Fundraising $8,782$1,986,761
IX-25 Total functional expensesPrograms $10,402,229 · Management $106,205 · Fundraising $70,156$10,578,590
Part X · Balance sheet $7,666,153 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $5,279,004$6,387,583
X-9 Prepaid expenses and deferred chargesStart of year $84,244$96,994
X-11 Publicly traded securitiesStart of year $1,573,993$1,050,883
X-15 Other assetsStart of year $91,827$130,693
X-16 Total assetsStart of year $7,029,068$7,666,153
X-17 Accounts payable and accrued expensesStart of year $238,348$89,888
X-18 Grants payableStart of year $0$17,000
X-24 Unsecured notes and loans payableStart of year $2,140,324$2,943,102
X-26 Total liabilitiesStart of year $2,378,672$3,049,990
X-27 Net assets without donor restrictionsStart of year −$740,654−$1,840,230
X-28 Net assets with donor restrictionsStart of year $5,391,050$6,456,393
X-32 Total net assets or fund balancesStart of year $4,650,396$4,616,163
X-33 Total liabilities and net assetsStart of year $7,029,068$7,666,153
Part XI · Reconciliation of net assets $4,616,163 net assets at year end
XI-1 Total revenue$10,573,656
XI-2 Total expenses$10,578,590
XI-3 Revenue less expenses−$4,934
XI-4 Net assets at start of year$4,650,396
XI-5 Net unrealized gains (losses) on investments−$29,299
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,616,163

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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