Overview
What is Bright Futures Fund?
The Bright Futures Fund is a nonprofit organization situated in Kansas City, Missouri. Its primary mission is to offer financial aid to families within the Catholic Diocese of Kansas City-St. Joseph, ensuring that high-quality Catholic education remains accessible and affordable. The fund supports the operational costs of three city schools and subsidizes tuition for nearly all students at these institutions. Furthermore, scholarships are provided for families to attend select Catholic high schools. All the schools under the fund's purview are tax-exempt and adhere to state and federal educational standards, as well as the teaching principles of the Catholic Church. In total, the fund supports 423 students at the city schools located in the urban core of Kansas City, Missouri.
Official website here: www.brightfuturesfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Bright Futures Fund has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The charity's overall score is based solely on their Accountability & Finance metrics, which they scored at 88%. Notably, they have a strong board composition with 94% independent members, and their financial practices are commendable, evidenced by a high program expense ratio of 95.33%.
While Bright Futures Fund demonstrates strengths in board independence and program spending, there are significant areas for improvement. The organization lacks essential policies such as a conflict of interest and whistleblower policy, which are critical for transparency and accountability. Additionally, the absence of their tax form on the nonprofit's website is a missed opportunity for providing financial transparency to stakeholders.
Overall, Bright Futures Fund shows a commitment to effective financial practices, but addressing governance policies and ensuring required documents are readily available could enhance their accountability and strengthen donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Bright Futures Fund legitimate?
Bright Futures Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Futures Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.brightfuturesfund.org
What is the mission statement of Bright Futures Fund?
The Bright Futures Fund's mission is to ensure high-quality Catholic education is affordable for families, students, and schools within its jurisdiction. It achieves this by providing financial assistance. Grants issued to schools within the diocese help subsidize tuition for a large number of students, including nearly 100 percent at certain schools. Scholarships are also offered for families to attend select Catholic high schools. The funds support the operating costs of three strong city schools and assist in making Catholic education accessible to a wide range of individuals.
Official website here: www.brightfuturesfund.org
Who is the CEO of Bright Futures Fund?
Jeremy Lillig is the Treasurer of Bright Futures Fund.
Official website here: www.brightfuturesfund.org
What is the revenue of Bright Futures Fund?
Bright Futures Fund's revenue in 2022 was $2,214,056.
Official website here: www.brightfuturesfund.org
Who are the executives of Bright Futures Fund and what are their salaries?
There 40 volunteers at Bright Futures Fund.
Here are 17 key members and their salaries:
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Official website here: www.brightfuturesfund.org
Where can I find the form 990 for Bright Futures Fund?
Bright Futures Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brightfuturesfund.org
Learn more at the official website: www.brightfuturesfund.org
Mission Statement of Bright Futures Fund
Bright Futures Fund, a notable organization, is committed to providing financial assistance to families, students, and schools within the Diocese of Kansas City-St. Joseph. Their primary mission is to ensure that high-quality Catholic education remains accessible and affordable for anyone. By issuing grants to schools within the diocese, Bright Futures Fund aims to subsidize operating costs and tuition fees, making Catholic education an attainable option for many families.
Specifically, the funds support three strong city schools located in the urban core of Kansas City, Missouri. These grants enable these schools to offer financial aid to families, ensuring that Catholic education remains within reach for a substantial proportion of their students. Furthermore, Bright Futures Fund offers scholarships for families to attend select Catholic high schools, further expanding the availability of affordable Catholic education.
In essence, Bright Futures Fund is dedicated to promoting accessibility and affordability in Catholic education. Through their grants and scholarships, they empower families, students, and schools within the Diocese of Kansas City-St. Joseph, ensuring that the teaching of the Catholic Church and adherence to state and federal educational standards remain attainable for all.
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Impact
July, 2024
Bright Futures Fund's impact is significant in ensuring that high-quality Catholic education is accessible and affordable to all families, students, and schools within the Diocese of Kansas City-St. Joseph. By issuing grants to schools in the area, the fund supports the operating costs of three strong city schools and subsidizes tuition for nearly 100% of the students attending these schools. Additionally, Bright Futures Fund provides scholarships for families to attend select Catholic high schools, further expanding educational opportunities.
Through its initiatives, Bright Futures Fund directly supports 423 students at the strong city schools located in the urban core of Kansas City, Missouri. By promoting Catholic education and making it financially feasible for families in the area, the fund contributes to the development and success of these students, ultimately benefiting the community as a whole.
This information is meant to be a general summary of Bright Futures Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $180,499
- Gross Receipts: $5,678,095
Assets and Liabilities:
- Total Assets: $2,440,914
- Total Liabilities: $10,000
- Net Assets: $2,430,914
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Organization Details
Founding Year
2014
Phone
(816) 714-2356Principal Officer
Jeremy Lillig
Main Address
PO BOX 419037-6037, KANSAS CITY, MO, 641416037
Website
www.brightfuturesfund.orgNTEE Category
Code: B11 - Education
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