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EIN 42-6073848

The Bright Foundation

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Urbandale
State
Iowa
Year formed
2019
Most recent tax filings
2024-06-01
NTEE code, primary
T20: Private Foundations
Description
The Bright Foundation is a private foundation that provides land rental income for charitable purposes. The foundation made 11 grants last year and its grantees include Iowa State University. The foundation is located in Urbandale, IA.
Total revenues
$2,210,641
2024
20202021202220232024$0$2m
Total expenses
$2,983,136
2024
20202021202220232024$1m$2m$3m
Total assets
$32,510,214
2024
20202021202220232024$32m$34m$36m
Num. employees
2
2024
20202021202220232024012

Program areas at The Bright Foundation

As a scholarship provider The mission of The Bright Foundation is to empower scholars to launch careers through The successfull access and completion of college degrees.
Land rental income used for charitable purposes

Grants made by The Bright Foundation

GranteeGrant descriptionAmount
Iowa State University FoundationScholarships$952,587
University of Northern Iowa FoundationScholarships$615,814

Who funds The Bright Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mary K and Daniel M Kelly Family FoundationGeneral Operations$100,000

Personnel at The Bright Foundation

NameTitleCompensation
Thomas E PressChairman of the Board$40,400
Leah LingrenDirector of Scholar$89,250
Meredith DohmenPresident$138,915

Financials for The Bright Foundation

RevenuesFYE 06/2024
Total grants, contributions, etc.$203,657
Investment income and dividends$773,543
Net rental income$0
Net gain from sale of non-inventory assets$1,233,441
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,210,641

Form 990s for The Bright Foundation

Fiscal year endingDate received by IRSFormPDF link
2024-062024-10-14990PFView PDF
2023-062023-10-09990PFView PDF
2022-062022-10-17990PFView PDF
2021-062021-10-05990PFView PDF
2020-062021-05-07990PFView PDF
...and 10 more Form 990s
Data update history
September 23, 2024
Updated personnel
Identified 2 new personnel
July 9, 2024
Received grants
Identified 1 new grant, including a grant for $100,000 from Mary K and Daniel M Kelly Family Foundation
December 4, 2023
Posted financials
Added Form 990PF for fiscal year 2023
December 3, 2023
Updated personnel
Identified 1 new personnel
July 14, 2023
Posted financials
Added Form 990PF for fiscal year 2022
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
2961 100th St Ste 2
Urbandale, IA 50322
Metro area
Des Moines-West Des Moines, IA
County
Polk County, IA
Website URL
brightiowa.org/ 
Phone
(515) 297-8550
IRS details
EIN
42-6073848
Fiscal year end
June
Taxreturn type
Form 990-PF
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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