Overview
What is Brighter Horizon Foundation?
The Brighter Horizon Foundation, situated in Philadelphia, Pennsylvania, is a charitable organization devoted to educational advancement. Established with a mission to distribute funds for various charitable purposes, the foundation primarily acts as a scholarship funding vehicle. Its primary focus is to assist first-generation high school students transitioning into college by providing critical resources. By employing selection criteria based on academic and financial need, the foundation aids these students in completing a four-year college education. Since 2020, the foundation has initiated its scholarship program, extending vital support throughout this crucial transition phase for both students and their families.
Official website here: www.brighterhorizonfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Brighter Horizon Foundation has achieved an impressive rating of 96% from Charity Navigator, indicating a high level of financial health and accountability. The organization excels in its Accountability & Finance score, receiving a near-perfect score of 97, demonstrating strong oversight and management of resources. Key highlights include a fully independent board and exemplary practices in conflict of interest and whistleblower policies, showcasing a commitment to transparency and ethical governance.
Strengths of the foundation include a robust program expense ratio of 67.50%, which reflects a significant commitment to its mission-driven programs. The charity's liabilities to assets ratio is also commendable at just 2.91%, suggesting a solid financial footing with minimal debt. Additional strengths are seen in its comprehensive documentation practices, with all required policies and financial statements readily available on its website, further illustrating its dedication to accountability.
However, while the foundation performs strongly overall, there is still room for improvement in its Culture & Community score, which stands at 89. This indicates that while the organization is generally well-regarded, there may be aspects of community engagement or internal culture that could benefit from further development. Overall, Brighter Horizon Foundation appears to be a well-run organization committed to its mission and responsible stewardship of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Brighter Horizon Foundation legitimate?
Brighter Horizon Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brighter Horizon Foundation 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.brighterhorizonfoundation.org
What is the mission statement of Brighter Horizon Foundation?
The Brighter Horizon Foundation is established with a mission to promote educational advancement and contribute to charitable causes. One of its primary objectives is to function as a scholarship funding vehicle, specifically aiding first-generation students pursuing a four-year college education. This is achieved by employing selection criteria that consider both academic merit and financial need. The foundation aims to help these students complete their college education, thereby contributing to their personal and societal development.
Official website here: www.brighterhorizonfoundation.org
Who is the CEO of Brighter Horizon Foundation?
Yvette D Bright is the President of Brighter Horizon Foundation.
Official website here: www.brighterhorizonfoundation.org
What is the revenue of Brighter Horizon Foundation?
Brighter Horizon Foundation's revenue in 2022 was $511,049.
Official website here: www.brighterhorizonfoundation.org
Who are the executives of Brighter Horizon Foundation and what are their salaries?
There 57 volunteers at Brighter Horizon Foundation.
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Official website here: www.brighterhorizonfoundation.org
Where can I find the form 990 for Brighter Horizon Foundation?
Brighter Horizon Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brighterhorizonfoundation.org
Learn more at the official website: www.brighterhorizonfoundation.org
Mission Statement of Brighter Horizon Foundation
Brighter Horizon Foundation, an organization dedicated to charitable purposes, primarily focuses on educational advancement. One of its primary objectives is to serve as a scholarship funding vehicle, aiding first-generation high school students in their pursuit of a four-year college education. The foundation employs selection criteria that consider both academic and financial needs to achieve this goal. By providing scholarships, Brighter Horizon Foundation aims to contribute significantly to the educational development of these students, thereby empowering them to overcome financial barriers and complete their college education.
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Impact
July, 2024
Brighter Horizon Foundation's impact can be seen through its scholarship program, which provides critical resources to assist first-generation students and their families throughout the high school to college transition process. By distributing funds based on academic and financial need, the foundation helps these students complete a four-year college education. This support not only benefits the individuals directly involved but also contributes to the educational advancement of the community as a whole. In essence, Brighter Horizon Foundation's work is paving the way for a brighter future by investing in the education of deserving students.
This information is meant to be a general summary of Brighter Horizon Foundation. 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: $8,453
- Gross Receipts: $564,613
Assets and Liabilities:
- Total Assets: $768,972
- Total Liabilities: $27,571
- Net Assets: $741,401
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Organization Details
Founding Year
2018
Phone
(267) 990-1920Principal Officer
Yvette D Bright
Main Address
739 WESTVIEW STREET, PHILADELPHIA, PA, 19119
NTEE Category
Code: T99 - Philanthropy
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