Brighter Horizon FY2024 filing

Philadelphia, PA · Public foundation / grantmaker · Foundations & Grantmakers

✓ Tax-deductible Latest data FY2024
Revenue
$481K
▼ -9% vs prior year
Spent
$533K
To programs
61%
Net assets
$846K
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
5 funders, incl. Vanguard Charitable Endowment Program
$52K in the latest grant year.
Spent on programs?
61% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -9% vs prior year
Legal name (IRS)Hdr · item CBrighter Horizon
EINHdr · item D83-0995509
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2019
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPhiladelphia, PA
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
WebsiteHdr · item Jbrighterhorizonfoundation.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.19 Fundraising $0.20
Program services61%$325K
Management & general19%$100K
Fundraising20%$108K
Total functional expensesLn 25$533K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$481K
FY2024▼ -9%
Expenses
$533K
FY2024▲ +14%
Program efficiency
61%
of spending reaches programs
Operating runway
18.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$873K
FY2024▲ +2%
Total liabilities
$27K
FY2024▲ +7%
Revenue less expensesPt I · Ln 19−$52K
Total assetsPt X · Ln 16$873K
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Balance Sheet

Part X · end of year
CashLn 1$174K
Total assetsLn 16$873K
Total liabilitiesLn 26$27K
Total net assetsLn 32$846K
Months of cash on handcomputed3.9

Statement of Revenue

Part VIII
Contributions & grants$505K · 105%
Investment income$20K · 4%
Contributions & grants105%$505K
Investment income4%$20K
Total revenueLn 12$481K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $833K · Operating expenses/yr $533K
18.8 months
Where the money goes
Program services
Program services $325K · Total expenses $533K
61%
Management & General
Management & general $100K · Total expenses $533K
19%
Fundraising
Fundraising $108K · Total expenses $533K
20%
Cost to raise $1
Fundraising expense (3-yr avg) $78K · Solicited contributions (3-yr avg) $542K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $505K · Total revenue $481K
105%
Government reliance
Government grants — · Total revenue $481K
—
Earned-income share
Program service revenue $0 · Total revenue $481K
0%
Investment reliance
Investment income $20K · Total revenue $481K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $533K
0%
Growth & trend
Revenue growth (YoY)
This year $481K · Prior year $527K
-9%
Revenue CAGR
FY2020 $369K · FY2024 $481K
+7%
Net-asset trend (YoY)
End of year $846K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $481K · Expenses $533K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $873K
—
Net-asset ratio
Net assets $846K · Total assets $873K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $659K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $873K
75%
People & payroll
Highest Reported Total Compensation
Individual Yvette D Bright · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $533K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $533K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 61%——
Overhead ratio 19%——
Fundraising cost ratio 21%——
Revenue growth -9%——
Investment management fee ratio 0.6%——
Legal fee ratio 0.08%——
Accounting fee ratio 3%——

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.

Leadership and pay

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 →

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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

Mission and programs

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

Provided by the organization

This section is blank until Brighter Horizon claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $325K of program spending, described in the organization's own filed words · FY2024.
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.

$325Kprogram expense

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Funders

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

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

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $430K$434K-11% 990 PDF
FY2024 Viewing $481K$533K-9% 990 PDF
FY2023 $527K$469K+3% 990 PDF
FY2022 $511K$392K-4% 990 PDF
FY2021 $534K$299K+45% 990 PDF
FY2020 $369K$212K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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