Bright Future for Children: Nonprofit Profile, Financials & Form 990 (EIN 82-4376559)

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

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

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $19K Management & general 1% · $151 Fundraising 3% · $605

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Kathy Carsey

President

$0Pt VII · Sec A

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports children and children's organizations through fundraising and ministry.

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Provided by the organization

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1 program · $19K · in their own filed words · FY2020

01

Fundraising activities to provide assistance to worthy organizations in need.

$19Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 1 grant · $10K · 2020–2020

Episcopal Diocese of ColoradoCO · FY2020$10,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$6K

Ln 12

Gifts and grantsLn 1h$6K

Money outPt IX

$20K

Ln 25

Programscol B$19K

Managementcol C$151

Fundraisingcol D$605

Owns and owesPt X

$12

net assets · Ln 32

Cash and savingsLn 1–2$12

Total assetsLn 16$12

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6K

Fundraising eventsLn 1c$6K

Total revenueLn 12$6K

Assets in detailPt X, end of year

CashLn 1$12

Cash and savings togetherLn 1–2$12

Total assetsLn 16$12

LiabilitiesLn 26$0

Net assetsLn 32$12

OperationsPt I, VI

EmployeesI 50

VolunteersI 615

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$14K	$12
Total assetsLn 16	$14K	$12
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$14K	$12

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$13K	$13K
Grants and assistance to foreign recipientsLn 3	$1K	$1K
Management feesLn 11a	$3K	$3K	$0	$0
Accounting feesLn 11c	$550	$550	$0	$0
Advertising and promotionLn 12	$1K	$1K	$0	$0
Office expensesLn 13	$141	$0	$141	$0
All other expensesLn 24e	$615	$0	$10	$605
Total functional expensesLn 25	$20K	$19K	$151	$605

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 Latest ViewingFiled with the IRS May 10, 2021	$6K	$20K	−$14K	$12	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $6,426 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $75,052$6,426

I-9 Program service revenue$0

I-10 Investment incomePrior year $0$0

I-11 Other revenue$0

I-12 Total revenuePrior year $75,052$6,426

I-13 Grants and similar amounts paidPrior year $35,800$14,200

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $25,578$5,888

I-18 Total expensesPrior year $61,378$20,088

I-19 Revenue less expensesPrior year $13,674−$13,662

Part VI · Governance 3 of 3 board members independent, 2 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $6,426 across 4 lines filed

VIII-1c Fundraising events$6,426

VIII-1h Total contributions, gifts and grants$6,426

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$6,426

Part IX · Statement of functional expenses $20,088 across 7 lines filed

IX-1 Grants to domestic organizationsPrograms $13,000$13,000

IX-3 Grants and assistance to foreign recipientsPrograms $1,200$1,200

IX-11a Management feesPrograms $3,300 · Management $0 · Fundraising $0$3,300

IX-11c Accounting feesPrograms $550 · Management $0 · Fundraising $0$550

IX-12 Advertising and promotionPrograms $1,282 · Management $0 · Fundraising $0$1,282

IX-13 Office expensesPrograms $0 · Management $141 · Fundraising $0$141

IX-24e All other expensesPrograms $0 · Management $10 · Fundraising $605$615

IX-25 Total functional expensesPrograms $19,332 · Management $151 · Fundraising $605$20,088

Part X · Balance sheet $12 assets, 5 lines filed

X-1 Cash, non-interest-bearingStart of year $13,674$12

X-16 Total assetsStart of year $13,674$12

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $13,674$12

X-33 Total liabilities and net assetsStart of year $13,674$12

Part XI · Reconciliation of net assets $12 net assets at year end

XI-1 Total revenue$6,426

XI-2 Total expenses$20,088

XI-3 Revenue less expenses−$13,662

XI-4 Net assets at start of year$13,674

XI-10 Net assets at end of year$12

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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