Overview
What is Bright Futures Early Learning Center Inc?
Bright Futures Early Learning Center Inc is a nonprofit organization located at 74 Walnut Street, Springfield, Massachusetts. Their primary mission is to operate an early education center that focuses on exploration, imagination, and learning. This center serves four different age groups: infant, toddler, preschool, and school-age. The infant program provides a nurturing environment that promotes a sense of belonging and supports the child's development towards their full potential. The toddler program offers stimulating experiences that cater to a child's natural curiosity. The preschool program prepares children socially and academically for kindergarten, while fostering independence, responsibility, and confidence skills. The school-age program provides a safe and social environment during school breaks, supporting academic development essential for a child's continuing education. Bright Futures partners with Mason Wright Senior Living, Inc., a related 501(c)(3) public charity, to offer intergenerational opportunities that engage seniors in the children's learning and experiences. The center has a total capacity of 103 children and, in 2022, an average of 85 children were educated weekly. The organization employs 37 individuals.
Official website here: www.choosebrightfutures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Bright Futures Early Learning Center Inc has achieved an impressive 96% rating from Charity Navigator, which reflects a strong commitment to accountability and financial management. This rating is based entirely on their performance in the Accountability & Finance beacon, indicating that the organization meets high standards for transparency and effective oversight. The organization has no reported material diversions of assets and has a commendable liabilities-to-assets ratio of 20.51%.
The center demonstrates strong governance practices, with 81% of its board members being independent, ensuring unbiased decision-making. Additionally, the financial statements are subject to rigorous audit and oversight, which further strengthens donor confidence. Their high program expense ratio of 86.50% indicates that a significant portion of their resources is directed toward fulfilling their mission, reinforcing the organization’s effectiveness in supporting early learning initiatives.
While the organization exhibits numerous strengths in governance and financial health, continuous monitoring of their performance and adherence to best practices will be essential for maintaining their high rating. Overall, Bright Futures Early Learning Center Inc stands out as a well-managed nonprofit dedicated to early childhood education.
This AI summary has been generated from information found on Charity Navigator.
Is Bright Futures Early Learning Center Inc legitimate?
Bright Futures Early Learning Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Futures Early Learning Center Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $706,256
For more financial information, click here
Official website here: www.choosebrightfutures.org
What is the mission statement of Bright Futures Early Learning Center Inc?
Bright Futures Early Learning Center Inc's mission is centered around operating an early education center that fosters exploration, imagination, and learning. The primary objective of the center is to operate a preschool program, providing educational instruction to preschool-age children. The program aims to cater to four different age groups: infant, toddler, preschool, and school-age.
For the infant age group, the center offers a nurturing environment that promotes a sense of belonging, contributing to the child's overall development. The toddler group is provided with a variety of stimulating experiences that respond to and expand upon their natural inquisitiveness. The preschool age group is prepared for kindergarten, with social and academic readiness being the focus, while also encouraging the development of independence, responsibility, and confidence skills.
The school-age group benefits from a safe and social environment during school holidays, with a focus on academic development essential for ongoing education. The center also collaborates with Mason Wright Senior Living, Inc., a related 501(c)(3) public charity, to provide intergenerational opportunities. These opportunities engage seniors in the children's learning and experiences, benefiting all parties involved. The center's total capacity accommodates 103 children, with an average of 85 children being educated weekly in 2022.
Official website here: www.choosebrightfutures.org
Who is the CEO of Bright Futures Early Learning Center Inc?
Alan Popp Ms is the President & Ceo of Bright Futures Early Learning Center Inc. The CEO's salary of Bright Futures Early Learning Center Inc is $0 and their total compensation is $293,480.
Official website here: www.choosebrightfutures.org
What is the revenue of Bright Futures Early Learning Center Inc?
Bright Futures Early Learning Center Inc's revenue in 2022 was $1,774,975.
Official website here: www.choosebrightfutures.org
Who are the executives of Bright Futures Early Learning Center Inc and what are their salaries?
The average compensation at Bright Futures Early Learning Center Inc during 2022 was $19,088. There are 37 employees and 9 volunteers at Bright Futures Early Learning Center Inc.
Here are 12 key members and their salaries (Bright Futures Early Learning Center Inc's CEO's salary is $0 and their total compensation is $293,480):
- Compensation: $0
- Related: $258,794
- Other: $34,686
- Compensation: $0
- Related: $158,580
- Other: $28,613
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.choosebrightfutures.org
Where can I find the form 990 for Bright Futures Early Learning Center Inc?
Bright Futures Early Learning Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.choosebrightfutures.org
Learn more at the official website: www.choosebrightfutures.org
Mission Statement of Bright Futures Early Learning Center Inc
Bright Futures Early Learning Center Inc is committed to operating an early education center that fosters exploration, imagination, and learning. The organization's primary mission is to provide educational instruction to preschool-age children, with a unique focus on intergenerational activities for seniors. At Bright Futures, they cater to four different age groups: infant, toddler, preschool, and school-age.
For infants, the center creates a loving and nurturing environment that promotes a sense of belonging and supports their development towards their full potential. Toddlers are provided with a wide range of stimulating experiences that cater to their natural curiosity and inquisitiveness. The preschool program is designed to prepare children socially and academically for kindergarten, while also nurturing essential skills such as independence, responsibility, and confidence. In the school-age group, Bright Futures offers a safe and social environment during school holidays, supporting and encouraging academic development to aid in their continuing education.
In an innovative approach to early education, Bright Futures partners with Mason Wright Senior Living, Inc., a related 501(c)(3) public charity. This collaboration brings intergenerational opportunities to the center, engaging seniors in the children's learning and experiences. This mutually beneficial arrangement not only benefits the children by exposing them to different generations but also enriches the seniors' lives, providing them with a sense of purpose and connection to the community.
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Impact
July, 2024
Bright Futures Early Learning Center Inc's impact lies in its operation of an early education center that focuses on exploration, imagination, and learning. Through its programs catering to infants, toddlers, preschoolers, and school-age children, the center provides a nurturing environment that promotes belonging and development, stimulating experiences to enhance natural inquisitiveness, academic and social preparation for kindergarten, and a safe, supportive environment for academic development outside of school hours. By partnering with Mason Wright Senior Living, Inc., the center also creates intergenerational opportunities that benefit both children and seniors. With a total capacity of 103 children and serving an average of 85 children weekly in 2022, Bright Futures Early Learning Center Inc is fulfilling its mission to provide quality educational instruction and foster meaningful connections between generations in Springfield, MA.
This information is meant to be a general summary of Bright Futures Early Learning Center Inc. 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.
- Program Service Revenue: $1,395,344
- Gross Receipts: $1,774,975
Assets and Liabilities:
- Total Assets: $439,130
- Total Liabilities: $90,108
- Net Assets: $349,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILD CARE REVENUE
Revenue
$1,122,750
TRANSPORTATION REVENUE
Revenue
$173,370
FOOD PROGRAM REVENUE
Revenue
$99,224
Organization Details
Founding Year
2017
Phone
(413) 734-6300Principal Officer
Alan Popp Ms
Main Address
74 WALNUT STREET, SPRINGFIELD, MA, 01105
Website
www.choosebrightfutures.orgNTEE Category
Code: B21 - Education
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