Overview
What is Bright Prospect?
Bright Prospect is a nonprofit organization situated in Pomona, California. Their primary mission is to empower first-generation, low-income students by offering comprehensive counseling and support services. They extend their assistance from the 9th grade through college graduation, guiding students towards higher education. During fiscal year 2022, they served 2,879 students. Their college students demonstrated a persistence rate of 93%, and their overall college graduation rate was 86%. With a commitment to supporting their students, Bright Prospect plays a significant role in helping these individuals gain admission, succeed, and complete their college education.
Official website here: www.brightprospect.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100% (Four-Star out of Four Star rating)
Bright Prospect has achieved an outstanding Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and effective impact measurement. With perfect scores in both Accountability & Finance and Impact & Measurement, the organization demonstrates robust financial health and a proven track record of positive outcomes for the students it serves. Over the period from August 2018 to July 2019, Bright Prospect successfully aided 209 beneficiaries.
User reviews highlight the organization's dedication and supportive approach towards its scholars. Former clients express deep appreciation for the personal attention and guidance they received, emphasizing that Bright Prospect played a crucial role in their educational journeys. The testimonials underline the strong relationships that the organization fosters, showcasing its lasting impact beyond just immediate academic support.
While the feedback is overwhelmingly positive, potential limitations are not explicitly mentioned in the available data. Overall, Bright Prospect is recognized as a highly effective nonprofit with a genuine commitment to helping young students navigate their paths to higher education.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Bright Prospect legitimate?
Bright Prospect is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Prospect 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $235,326
Professional Fundraising Fees: $0
Other Salaries and Wages: $743,624
For more financial information, click here
Official website here: www.brightprospect.org
What is the mission statement of Bright Prospect?
Bright Prospect's mission is to empower first-generation, low-income students by providing them with comprehensive counseling and support throughout their high school and college years. The organization aims to help these students gain admission to colleges and universities, succeed in their studies, and ultimately graduate. To achieve this, Bright Prospect offers guidance, advice, and support from the 9th grade through college graduation. In the fiscal year 2022, Bright Prospect served 2,879 students, with a 93% persistence rate for college students and an overall college graduation rate of 86%.
Official website here: www.brightprospect.org
Who is the CEO of Bright Prospect?
Brian Staton is the President of Bright Prospect.
Official website here: www.brightprospect.org
What is the revenue of Bright Prospect?
Bright Prospect's revenue in 2022 was $2,662,649.
Official website here: www.brightprospect.org
Who are the executives of Bright Prospect and what are their salaries?
The average compensation at Bright Prospect during 2022 was $40,790. There are 24 employees and 150 volunteers at Bright Prospect.
Here are 10 key members and their salaries:
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Official website here: www.brightprospect.org
Where can I find the form 990 for Bright Prospect?
Bright Prospect's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brightprospect.org
Learn more at the official website: www.brightprospect.org
Mission Statement of Bright Prospect
Bright Prospect, a nonprofit organization, empowers first-generation low-income students by providing a comprehensive counseling and support system throughout their high school and college years. Its mission is to help these students gain admission to colleges and universities, succeed in their academic pursuits, and ultimately graduate. By offering guidance and support, Bright Prospect aims to break the cycle of poverty and create opportunities for these students to achieve their academic goals and build a better future for themselves.
In practice, Bright Prospect recruits students as early as the 9th grade and continues to advise and support them until they graduate from college. The organization serves a significant number of students, with 2,879 individuals benefiting from its services during fiscal year 2022. Bright Prospect's commitment to its students is evident in their impressive statistics, with a 93% persistence rate among college students during that year and an overall college graduation rate of 86%. By providing this support system, Bright Prospect is making a meaningful impact in the lives of its students, enabling them to overcome the challenges they face and achieve their dreams of a higher education.
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Impact
July, 2024
Bright Prospect's impact can be seen in the success of first-generation low-income students who have gained admission to colleges and universities, succeeded in their academic pursuits, and graduated. With a comprehensive counseling and support system, Bright Prospect guides students starting from the 9th grade all the way through college, ensuring they have the resources and guidance needed to thrive. In the most recent fiscal year, Bright Prospect served 2,879 students, with a college persistence rate of 93% and an overall college graduation rate of 86%. This demonstrates the tangible impact of Bright Prospect in empowering students to achieve their educational goals and break barriers to success.
This information is meant to be a general summary of Bright Prospect. 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: $815
- Gross Receipts: $2,662,712
Assets and Liabilities:
- Total Assets: $3,297,264
- Total Liabilities: $168,024
- Net Assets: $3,129,240
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Organization Details
Founding Year
2001
Phone
(909) 623-9007Principal Officer
Brian Staton
Main Address
1460 EAST HOLT AVENUE SUITE 74, POMONA, CA, 91767
Website
www.brightprospect.orgNTEE Category
Code: B90 - Education
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