Program areas at Bright Promise
The funds raised will be divided among the thirteen affiliated christian schools it serves, in the confidence that each local school board knows best as to which priorities to address. Most often, the highest priority is providing tuition assistance to families in need. Other priorities may include emergency capital needs or professional development for teachers and administrators.
The organization is a scholarship granting organization under the Illinois invest in kids scholarship tax credit program. The organization receives contributions and issues scholarships to member schools on behalf of eligible students.
The organization now includes new to you upscale resale. Proceeds will be used to provide a professional network for christians involved in private, public, and christian education in urban north america.
Grants made by Bright Promise
Who funds Bright Promise
Grants from foundations and other nonprofits
Personnel at Bright Promise
| Name | Title | Compensation | Date of data |
|---|
| Steve Blom | Executive Director | $82,703 | 2024-02-26 |
| Anne Vanderweele | Secretary | $0 | 2023-06-30 |
| Chris Wiesehan | President and Treasurer | $0 | 2023-06-30 |
| Felecia Thompson | Chairman and S / Secretary / Director | $0 | 2021-06-30 |
| David Larsen | Past Executive Director | $67,000 | 2018-09-12 |
| ...and 3 more key personnel |
Financials for Bright Promise
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $685,655 | $309,342 | 121.6% |
| Program services | $549,438 | $195,404 | 181.2% |
| Investment income and dividends | $21,923 | $19,651 | 11.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $105,286 | $124,468 | -15.4% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $1,362,302 | $648,865 | 110% |
Organizations like Bright Promise
| Organization | Type | Location | Revenue |
|---|
| Scott Community Foundation | 501(c)(3) | Scott City, KS | $1,290,631 |
| Big Spring Area Community Foundation | 501(c)(3) | Big Spring, TX | $2,326,957 |
| Southgate Foundation | 501(c)(3) | Houston, TX | $645,740 |
| Huron County Community Foundation | 501(c)(3) | Bad Axe, MI | $753,327 |
| Community Foundation of the Gunnison Valley | 501(c)(3) | Gunnison, CO | $1,588,982 |
| Montgomery County Foundation | 501(c)(3) | Blue Bell, PA | $1,940,090 |
| Community Foundation of Pulaski County | 501(c)(3) | Winamac, IN | $2,586,798 |
| Moline Regional Community Foundation | 501(c)(3) | Moline, IL | $2,051,829 |
| Sweet Grass Community Foundation | 501(c)(3) | Big Timber, MT | $708,430 |
| Bedford Community Health Foundation | 501(c)(3) | Bedford, VA | $482,644 |
Data update history
May 26, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 1 new personnel
August 21, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from FJK Private Foundation Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
EducationCommunity improvement
Characteristics
ReligiousChristianProvides grantsState / local levelEndowed supportTax deductible donationsAccepts online donations
General information
- Address
- 1550 S State St Suite 107
- Chicago, IL 60605
- Metro area
- Chicago-Naperville-Elgin, IL-IN-WI
- County
- Cook County, IL
- Website URL
- brightpromisefund.org/Â
- Phone
- (708) 321-0403
IRS details
- EIN
- 36-3634360
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1988
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T31: Community Foundations
- NAICS code, primary
- 813110: Religious Organizations
- Parent/child status
- Independent
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