Brighter Horizon EIN 83-0995509

Brighter Horizon

EIN  83-0995509 Public foundation / grantmaker Philadelphia, PA
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Brighter Horizon claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Funds scholarships for first-generation college students facing academic and financial challenges.
Leadership
Yvette D Bright · President
Money in and out
$430K revenue, $434K expenses
Bottom line
75% program efficiency

Funds scholarships for first-generation college students facing academic and financial challenges. For fiscal year 2025 it reported $430K in revenue, $434K in expenses, and $917K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$430K
Pt VIII · Ln 12
Total expenses
$434K
Pt IX · Ln 25
Net assets
$917K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.23 Fundraising $0.02
Program efficiency
75%
of spending reaches programs▲ +23% vs prior filing year
Operating runway
26.1mo
months of highly liquid reserves at operating expense rate▲ +39% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▲ +90% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$430K
FY2025▼ -11%
Expenses
$434K
FY2025▼ -18%
Total assets
$930K
FY2025▲ +6%
Total liabilities
$13K
FY2025▼ -51%
Total revenue
$430K
Pt VIII · Ln 12
Total expenses
$434K
Pt IX · Ln 25
Net assets
$917K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$930K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

1 program service account for $327K of program spending, described in the organization's own filed words · FY2025.
01

Scholarship Program

The program provideds critical resources to assist first generation students and their families throughout the various stages of the high school to college transition process. Grants commenced in 2020.

$327Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrighter Horizon
EINHdr · item D83-0995509
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jbrighterhorizonfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFMay 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Brighter Horizon executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$449K · 105%
Investment income$18K · 4%
Contributions & grants105%$449K
Investment income4%$18K
Total revenueLn 12$430K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.23 Fundraising $0.02
Program services75%$327K
Management & general23%$98K
Fundraising2%$9K
Total functional expensesLn 25$434K

Balance Sheet

Part X · end of year
CashLn 1$164K
Total assetsLn 16$930K
Total liabilitiesLn 26$13K
Total net assetsLn 32$917K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $923K · Operating expenses (Pt IX) $434K · Less non-cash grants $10K · Cash operating expenses/yr $424K
26.1 months
Where the money goes
Program services
Program services $327K · Total expenses $434K
75%
Management & General
Management & general $98K · Total expenses $434K
23%
Fundraising
Fundraising $9K · Total expenses $434K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $60K · Solicited contributions (3-yr avg) $507K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $449K · Total revenue $430K
105%
Government reliance
Government grants — · Total revenue $430K
Earned-income share
Program service revenue $0 · Total revenue $430K
0%
Investment reliance
Investment income $18K · Total revenue $430K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $434K
0%
Growth & trend
Revenue growth (YoY)
This year $430K · Prior year $481K
-11%
Revenue CAGR
FY2020 $369K · FY2025 $430K
+3%
Net-asset trend (YoY)
End of year $917K · Beginning of year $846K
+8%
Balance sheet
Surplus Margin
Revenue $430K · Expenses $434K
-1%
Liabilities-to-Assets
Total liabilities $13K · Total assets $930K
1%
Net-asset ratio
Net assets $917K · Total assets $930K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $758K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $930K
82%
People & payroll
Highest Reported Total Compensation
Individual Yvette D Bright · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $434K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $434K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 23%
Fundraising cost ratio 2%
Revenue growth -11%
Investment management fee ratio 0.6%
Accounting fee ratio 4%

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 · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 6 grants · $1.2M · 2020–2025
Unitemized GrantFY2025$310,440
Unitemized GrantFY2024$274,471
Unitemized GrantFY2023$263,969
Unitemized GrantFY2022$184,155
Unitemized GrantFY2021$95,288
Unitemized GrantFY2020$92,421

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$430K revenue · viewing · ⤓ 990 PDF
FY2024$481K revenue · ⤓ 990 PDF
FY2023$527K revenue · ⤓ 990 PDF
FY2022$511K revenue · ⤓ 990 PDF
FY2021$534K revenue · ⤓ 990 PDF
FY2020$369K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.