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Brighter Horizon FY2020 filing

Tax-deductible

Philadelphia, PA501(c)(3)Foundations & Grantmakers EIN 83-0995509Revenue $369K in FY2020

On file with the IRSbrighterhorizonfoundation.org739 Westview St, 19119-3533 · Philadelphia, PATax-exempt since May 2019Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of Brighter Horizon foundation is to operate for educational advancement and for other charitable purposes by the distribution of funds for such purposes and, particulary, to act as a scholarship funding vehicle to help first generation college-pursuing high school students complete a four-year college education, using selection criteria based upon academic and financial need.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 $85K a year · 18% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Plus $332K in investments, Pt X · Ln 11–13
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $52K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$63K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$369K
Spent
$212K
To programs
57%
Net assets
$435K
By yearFY2020–FY2025
Revenue
$369K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$369K
FY2021$534K
FY2022$511K
FY2023$527K
FY2024$481K
FY2025$430K
Expenses
$212K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$299K
FY2022$392K
FY2023$469K
FY2024$533K
FY2025$434K
Net assets
$435K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$435K
FY2021$728K
FY2022$741K
FY2023$828K
FY2024$846K
FY2025$917K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2019.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $122K Management & general 21% · $45K Fundraising 21% · $45K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Alana W Robinson
Chairperson
$0Pt VII · Sec A
Alan Krigstein
Vice Chairpe
$0Pt VII · Sec A
Terry Booker
Fundraising
$0Pt VII · Sec A
Alison S Woods
Program Chai
$0Pt VII · Sec A
$0Pt VII · Sec A
Lisa Santare
Director
$0Pt VII · Sec A
See Brighter Horizon 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

Funds scholarships for first-generation college students facing academic and financial challenges.

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Provided by the organization

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1 program · $122K · in their own filed words · FY2020
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.

$122Kprogram 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 · FY2024
Vanguard Charitable Endowment ProgramFY2024$14K
Fidelity Investments Charitable Gift FundFY2024$12K
Donor Advised Charitable Giving INCFY2024$10K
Morgan Stanley Global Impact Funding Trust INCFY2024$10K
The Blackbaud Giving FundFY2024$6K
Total grants receivedfrom 5 funders$52K
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

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$369K
Ln 12
Gifts and grantsLn 1h$364K
Investment incomeLn 3$5K
Other incomeLn 4–11$565
Money outPt IX
$212K
Ln 25
Programscol B$122K
Managementcol C$45K
Fundraisingcol D$45K
Owns and owesPt X
$435K
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$498K
LiabilitiesLn 26$63K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$364K
Investment incomeLn 3$5K
Other incomeLn 4–11$565
Total revenueLn 12$369K
Assets in detailPt X, end of year
CashLn 1$165K
Cash and savings togetherLn 1–2$165K
InvestmentsLn 11–13$332K
Total assetsLn 16$498K
LiabilitiesLn 26$63K
Net assetsLn 32$435K
OperationsPt I, VI
EmployeesI 50
VolunteersI 633
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$27K$165K
InvestmentsLn 11–13$220K$332K
Total assetsLn 16$250K$498K
LiabilitiesLn 26$6K$63K
Net assetsLn 32$244K$435K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$92K$92K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$36K$20$3K$33K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$13K$12K$1K
Information technologyLn 14$4K$4K
TravelLn 17$692$692
InsuranceLn 23$698$698
Other expenses (24a–d)Ln 24$40K$23K$12K$6K
All other expensesLn 24e$2K$2K$446
Total functional expensesLn 25$212K$122K$45K$45K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $430K$434K−$4K$917K 990 PDF
FY2024 $481K$533K−$52K$846K 990 PDF
FY2023 $527K$469K$58K$828K 990 PDF
FY2022 $511K$392K$119K$741K 990 PDF
FY2021 $534K$299K$234K$728K 990 PDF
FY2020 Viewing $369K$212K$157K$435K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $368,951 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $261,009$363,848
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,164$4,538
I-11 Other revenue$565
I-12 Total revenuePrior year $262,173$368,951
I-13 Grants and similar amounts paid$92,421
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $157,022$119,974
I-18 Total expensesPrior year $157,022$212,395
I-19 Revenue less expensesPrior year $105,151$156,556
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $368,951 across 5 lines filed
VIII-1f All other contributions, gifts and grants$363,848
VIII-1h Total contributions, gifts and grants$363,848
VIII-3 Investment incomeExcluded from tax $4,538$4,538
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $565$565
VIII-12 Total revenueRelated to mission $565 · Excluded from tax $4,538$368,951
Part IX · Statement of functional expenses $212,395 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $92,421$92,421
IX-11b Legal feesManagement $4,525$4,525
IX-11c Accounting feesManagement $10,816$10,816
IX-11f Investment management feesManagement $2,436$2,436
IX-11g Other fees for servicesPrograms $20 · Management $2,693 · Fundraising $33,013$35,726
IX-12 Advertising and promotionFundraising $5,124$5,124
IX-13 Office expensesManagement $11,794 · Fundraising $1,227$13,021
IX-14 Information technologyPrograms $4,430$4,430
IX-17 TravelPrograms $692$692
IX-23 InsuranceManagement $698$698
IX-24 Other expenses (24a–d)Programs $22,767 · Management $11,610 · Fundraising $6,054$40,431
IX-24e All other expensesPrograms $1,629 · Management $446$2,075
IX-25 Total functional expensesPrograms $121,959 · Management $45,018 · Fundraising $45,418$212,395
Part X · Balance sheet $497,598 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $27,121$165,351
X-9 Prepaid expenses and deferred chargesStart of year $3,548$698
X-11 Publicly traded securitiesStart of year $219,730$331,549
X-16 Total assetsStart of year $250,399$497,598
X-17 Accounts payable and accrued expensesStart of year $6,087$62,826
X-26 Total liabilitiesStart of year $6,087$62,826
X-27 Net assets without donor restrictionsStart of year $244,312$413,382
X-28 Net assets with donor restrictions$21,390
X-32 Total net assets or fund balancesStart of year $244,312$434,772
X-33 Total liabilities and net assetsStart of year $250,399$497,598
Part XI · Reconciliation of net assets $434,772 net assets at year end
XI-1 Total revenue$368,951
XI-2 Total expenses$212,395
XI-3 Revenue less expenses$156,556
XI-4 Net assets at start of year$244,312
XI-5 Net unrealized gains (losses) on investments$33,904
XI-10 Net assets at end of year$434,772

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

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