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Bright Future Fund FY2024 filing

Washington, DCUnknown exempt organizationEIN 93-4678619

Bright future fund is dedicated to a brighter future for all americans. Bright future fund supports projects that strengthen the economy, protect reproductive rights, and make america more fair and just.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 2
filings with a surplus
Average surplus $520K a year · under 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $37.5M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$40.6M
-72% vs prior year
Spent
$182.7M
To programs
100%
Net assets
$1.0M
By yearFY2023–FY2025
Revenue
$40.6M
FY2024▼ -72%
Revenue by fiscal year
FY2023$143.1M
FY2024$40.6M
FY2025$15K
Expenses
$182.7M
FY2024▲ ×2073
Expenses by fiscal year
FY2023$88K
FY2024$182.7M
FY2025Not on file
Net assets
$1.0M
FY2024▼ -99%
Net assets by fiscal year
FY2023$143.1M
FY2024$1.0M
FY2025$0

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $182.3M Management & general 0% · $304K Fundraising 0% · $14K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Lucinda Guinn
Treasurer
$0Pt VII · Sec A
Kelly Ward
Director
$0Pt VII · Sec A
See Bright Future Fund 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

Supports projects strengthening the economy and protecting reproductive rights for a fairer America.

Provided by the organization

This section is blank until Bright Future Fund claims this page.

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3 program services account for $182.3M of program spending, described in the organization's own filed words · FY2024.
01

Strengthening the Middle Class

Helping lower costs for american families and advocating for pro-worker public policies including higher wages, paid family and medical leave, and the rights of workers to form a union.

$84.9Mprogram expense
02

Promoting Democracy and Civic Participation

Encouraging civic participation by all americans.

$73.5Mprogram expense
03

Protecting Women's Rights

Working to protect abortion rights and access to reproductive healthcare for women across america.

$23.9Mprogram expense

Run this program? Claim this org to tell your story

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 · FY2023
Fidelity Investments Charitable Gift FundFY2023$37.5M
Hallmark Corporate FoundationFY2023$2K
Total grants receivedfrom 2 funders$37.5M
Grants paid · 53 grants · $182.1M · 2024–2024
Future Forward USA ActionFY2024$20,835,000
Our American Future ActionDC · FY2024$20,000,000
Working AmericaDC · FY2024$14,500,000
Rapid Resist ActionIL · FY2024$12,400,000
Workmoney Foundation INCWI · FY2024$10,000,000
Working America Education FundDC · FY2024$10,000,000
Forward Majority ActionFY2024$7,790,000
Center for Voter InformationDC · FY2024$6,700,000
Workmoney INCWI · FY2024$6,500,000
Pro-Democracy Campaign C/O Verdolino & Lowey PCMA · FY2024$6,000,000
Majority ForwardDC · FY2024$5,350,000
Focus for Democracy ActionDC · FY2024$4,500,000
PivotpacFY2024$4,330,000
Future Now ActionDC · FY2024$4,000,000
Local Jobs & Economic Development FundDE · FY2024$3,750,000
Sixteen Thirty FundDC · FY2024$3,500,000
People's Action PowerFY2024$3,450,000
DemocracyfirstFY2024$2,940,000
See all 53 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$40.6M
Ln 12
Gifts and grantsLn 1h$37.5M
Investment incomeLn 3$3.1M
Money outPt IX
$182.7M
Ln 25
Programscol B$182.3M
Managementcol C$304K
Fundraisingcol D$14K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$25K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37.5M
Investment incomeLn 3$3.1M
Total revenueLn 12$40.6M
Assets in detailPt X, end of year
CashLn 1$502K
SavingsLn 2$562K
Cash and savings togetherLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$25K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY24End FY24
Cash and savingsLn 1–2$143.1M$1.1M
Total assetsLn 16$143.1M$1.1M
LiabilitiesLn 26$88K$25K
Net assetsLn 32$143.1M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$182.1M$182.1M
Legal feesLn 11b$116K$67K$44K$4K
Accounting feesLn 11c$41K$41K
Other fees for servicesLn 11g$275K$207K$59K$9K
Office expensesLn 13$155$155
Information technologyLn 14$3K$2K$929$310
TravelLn 17$2K$951$475$158
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$148K$148K
Total functional expensesLn 25$182.7M$182.3M$304K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $15K$0 990 PDF
FY2024 Viewing $40.6M$182.7M−$142.0M$1.0M 990 PDF
FY2023 $143.1M$88K$143.1M$143.1M 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
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $40,646,522 across 4 lines filed
VIII-1f All other contributions, gifts and grants$37,500,000
VIII-1h Total contributions, gifts and grants$37,500,000
VIII-3 Investment incomeRelated to mission $3,146,522$3,146,522
VIII-12 Total revenueRelated to mission $3,146,522 · Unrelated business $0 · Excluded from tax $0$40,646,522
Part IX · Statement of functional expenses $182,657,235 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $182,062,500$182,062,500
IX-11b Legal feesPrograms $66,917 · Management $44,181 · Fundraising $4,500$115,598
IX-11c Accounting feesManagement $41,300$41,300
IX-11g Other fees for servicesPrograms $207,000 · Management $58,850 · Fundraising $9,000$274,850
IX-13 Office expensesManagement $155$155
IX-14 Information technologyPrograms $1,858 · Management $929 · Fundraising $310$3,097
IX-17 TravelPrograms $951 · Management $475 · Fundraising $158$1,584
IX-23 InsuranceManagement $9,754$9,754
IX-24 Other expenses (24a–d)Management $148,397$148,397
IX-25 Total functional expensesPrograms $182,339,226 · Management $304,041 · Fundraising $13,968$182,657,235
Part X · Balance sheet $1,064,247 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $143,138,664$502,183
X-2 Savings and temporary cash investments$562,064
X-16 Total assetsStart of year $143,138,664$1,064,247
X-17 Accounts payable and accrued expensesStart of year $88,116$24,507
X-26 Total liabilitiesStart of year $88,116$24,507
X-32 Total net assets or fund balancesStart of year $143,050,548$1,039,740
X-33 Total liabilities and net assetsStart of year $143,138,664$1,064,247
Part XI · Reconciliation of net assets $1,039,740 net assets at year end
XI-1 Total revenue$40,646,522
XI-2 Total expenses$182,657,235
XI-3 Revenue less expenses−$142,010,713
XI-4 Net assets at start of year$143,050,548
XI-5 Net unrealized gains (losses) on investments−$95
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,039,740

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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