philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Brighter Horizon FY2022 filing

Tax-deductible

Philadelphia, PA501(c)(3)Foundations & Grantmakers EIN 83-0995509Revenue $511K in FY2022

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

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Plus $408K in investments, Pt X · Ln 11–13
Looks good: 7.6 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
$28K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$511K
-4% vs prior year
Spent
$392K
To programs
63%
Net assets
$741K
By yearFY2020–FY2025
Revenue
$511K
FY2022▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$369K
FY2021$534K
FY2022$511K
FY2023$527K
FY2024$481K
FY2025$430K
Expenses
$392K
FY2022▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$299K
FY2022$392K
FY2023$469K
FY2024$533K
FY2025$434K
Net assets
$741K
FY2022▲ +2%
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 FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 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

63 cents of each dollar spent went to programs.

Program services 63% · $248K Management & general 21% · $80K Fundraising 16% · $64K

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

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Alan Krigstein
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Terry Booker
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ky'a Jackson
Director
$0Pt VII · Sec A
See Brighter Horizon executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Brighter Horizon

Tap to ask. Brighter Horizon sees how many people are interested.

Your first name shows with your question. Brighter Horizon answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $248K · in their own filed words · FY2022
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.

$248Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$511K
Ln 12
Gifts and grantsLn 1h$555K
Investment incomeLn 3$8K
Money outPt IX
$392K
Ln 25
Programscol B$248K
Managementcol C$80K
Fundraisingcol D$64K
Owns and owesPt X
$741K
net assets · Ln 32
Cash and savingsLn 1–2$248K
Total assetsLn 16$769K
LiabilitiesLn 26$28K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$555K
Fundraising eventsLn 1c$218K
Investment incomeLn 3$8K
Total revenueLn 12$511K
Assets in detailPt X, end of year
CashLn 1$248K
Cash and savings togetherLn 1–2$248K
InvestmentsLn 11–13$408K
Total assetsLn 16$769K
LiabilitiesLn 26$28K
Net assetsLn 32$741K
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 FY22End FY22
Cash and savingsLn 1–2$214K$248K
InvestmentsLn 11–13$467K$408K
Total assetsLn 16$753K$769K
LiabilitiesLn 26$25K$28K
Net assetsLn 32$728K$741K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$184K$184K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$71K$25$19K$52K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$19K$17K$1K
Information technologyLn 14$7K$4K$2K
TravelLn 17$16K$16K
InsuranceLn 23$698$698
Other expenses (24a–d)Ln 24$60K$43K$12K$5K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$392K$248K$80K$64K

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 Viewing $511K$392K$119K$741K 990 PDF
FY2021 $534K$299K$234K$728K 990 PDF
FY2020 $369K$212K$157K$435K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $511,049 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $573,043$555,061
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,881$8,453
I-11 Other revenuePrior year −$45,334−$52,465
I-12 Total revenuePrior year $533,590$511,049
I-13 Grants and similar amounts paidPrior year $95,288$184,155
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $203,832$207,466
I-18 Total expensesPrior year $299,120$391,621
I-19 Revenue less expensesPrior year $234,470$119,428
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $511,049 across 7 lines filed
VIII-1c Fundraising events$218,400
VIII-1f All other contributions, gifts and grants$336,661
VIII-1h Total contributions, gifts and grants$555,061
VIII-3 Investment incomeExcluded from tax $8,453$8,453
VIII-8 Net income from fundraising eventsExcluded from tax −$53,564−$53,564
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,099$1,099
VIII-12 Total revenueRelated to mission $1,099 · Excluded from tax −$45,111$511,049
Part IX · Statement of functional expenses $391,621 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $184,155$184,155
IX-11b Legal feesManagement $4,500$4,500
IX-11c Accounting feesManagement $9,224$9,224
IX-11f Investment management feesManagement $4,414$4,414
IX-11g Other fees for servicesPrograms $25 · Management $19,083 · Fundraising $52,100$71,208
IX-12 Advertising and promotionFundraising $5,166$5,166
IX-13 Office expensesManagement $17,218 · Fundraising $1,299$18,517
IX-14 Information technologyPrograms $4,293 · Management $2,475$6,768
IX-17 TravelPrograms $16,281$16,281
IX-23 InsuranceManagement $698$698
IX-24 Other expenses (24a–d)Programs $43,058 · Management $12,047 · Fundraising $4,950$60,055
IX-24e All other expensesManagement $10,635$10,635
IX-25 Total functional expensesPrograms $247,812 · Management $80,294 · Fundraising $63,515$391,621
Part X · Balance sheet $768,972 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $213,960$248,111
X-3 Pledges and grants receivableStart of year $71,772$99,337
X-9 Prepaid expenses and deferred chargesStart of year $698$13,034
X-11 Publicly traded securitiesStart of year $466,742$408,490
X-16 Total assetsStart of year $753,172$768,972
X-17 Accounts payable and accrued expensesStart of year $25,410$27,571
X-26 Total liabilitiesStart of year $25,410$27,571
X-27 Net assets without donor restrictionsStart of year $634,324$617,898
X-28 Net assets with donor restrictionsStart of year $93,438$123,503
X-32 Total net assets or fund balancesStart of year $727,762$741,401
X-33 Total liabilities and net assetsStart of year $753,172$768,972
Part XI · Reconciliation of net assets $741,401 net assets at year end
XI-1 Total revenue$511,049
XI-2 Total expenses$391,621
XI-3 Revenue less expenses$119,428
XI-4 Net assets at start of year$727,762
XI-5 Net unrealized gains (losses) on investments−$105,789
XI-10 Net assets at end of year$741,401

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

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.

Your org? Add context

Made it to the end? Claim this org

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 pay comparisons above.