Bright Futures
- Assets
- $880.8k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 26
- Location
- Telluride, CO
- Founding
- 08/2005
- Data as of
- 06/2022
- EIN
- 20-2169766
Organization Overview
Bright Futures is located in Telluride, CO. The organization was established in 2005. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2022, Bright Futures employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Futures is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Bright Futures generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 23.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bright Futures has awarded 26 individual grants totaling $1,402,939. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BRIGHT FUTURES PROVIDES RESOURCES TO IMPROVE THE LIVES OF CHILDREN AND FAMILIES. BRIGHT FUTURES WORKS TO INCREASE THE QUALITY, ACCESSIBILITY, AND AVAILABILITY OF EARLY CARE AND EDUCATION IN SAN MIGUEL, OURAY, MONTROSE, DELTA, AND SAN JUAN COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIGHT FUTURES SUPPORTS CHILD CARE AND PRESCHOOL PROGRAMS BY PROVIDING FREE QUALITY IMPROVEMENT COACHING PROFESSIONAL DEVELOPMENT. OVER 26 PROFESSIONAL DEVELOPMENT TRAININGS WERE OFFERED. BRIGHT FUTURES OVERSEES A COACHING, TRAINING AND MENTORING INITIATIVE TO ASSIST EARLY CHILDHOOD TEACHERS IN EMBEDDING EARLY CHILDHOOD MENTAL HEALTH AND SOCIAL-EMOTIONAL LEARNING IN THEIR CLASSROOMS. THEY FOCUS ON TEACHING CHILDREN LIFELONG SKILLS LIKE HOW TO MAKE FRIENDS, PROBLEM SOLVING, CONFLICT RESOLUTION AND HOW TO IDENTIFY WITH THEIR EMOTIONS AND THE EMOTIONS OF OTHERS. THIS FISCAL YEAR, 4,765 CHILDREN WERE SERVED ALONG WITH 365 EARLY CHILDHOOD TEACHERS. BRIGHT FUTURES HOSTED PARENTING WORKSHOPS WITH OVER 162 ATTENDEES. BRIGHT FUTURES IMPLEMENTED A TEEN SUPPORT PROGRAM TO COMBAT SOCIAL ISOLATION AND THE CHALLENGES THAT HAVE COME FROM NOT HAVING ACCESS TO IN-PERSON SCHOOL. THERE WERE 20 TEEN FOCUSED ACTIVITIES PROVIDED AS WELL AS INDIVIDUAL SUPPORT WHEN NEEDED. BRIGHT FUTURES' ROLL IN SUPPORTING CHILDREN AND FAMILIES MAGNIFIED DUE TO COVID-19. BRIGHT FUTURES PROVIDED PPE, CLEANING SUPPLIES, CHILDCARE SCHOLARSHIPS TO FAMILIES AND TRAININGS ON BEST PRACTICES ADHERING TO PUBLIC HEALTH GUIDELINES. BRIGHT FUTURES SUPPORTED FAMILIES BE DELIVERING ESSENTIALS LIKE DIAPERS, FOOD AND WIPES. BRIGHT FUTURES ASSISTED WITH SCHOOL SUPPLIES AND SERVED AS A REFERRAL SOURCE TO AND FOR OTHER COMMUNITY RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Merritt Executive Director | Trustee | 40 | $106,003 |
Susan Altman Board Chair | OfficerTrustee | 2 | $0 |
Mark Betts Board Vice-Chair | OfficerTrustee | 1 | $0 |
Matthew Bayma Board Treasurer | OfficerTrustee | 0.5 | $0 |
Alison Wright Board Secretary | OfficerTrustee | 0.5 | $0 |
Gloria Chavira Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,449,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $487,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,936,314 |
| Total Program Service Revenue | $1,833 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,938,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $470,509 |
| Grants and other assistance to domestic individuals. | $139,738 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,003 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $381,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $144,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $473,205 |
| Advertising and promotion | $0 |
| Office expenses | $35,940 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,805 |
| Travel | $17,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,881 |
| All other expenses | $0 |
| Total functional expenses | $1,927,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $628,354 |
| Pledges and grants receivable | $252,432 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $880,786 |
| Accounts payable and accrued expenses | $123,274 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,792 |
| Total liabilities | $148,066 |
| Net assets without donor restrictions | $200,823 |
| Net assets with donor restrictions | $531,897 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $880,786 |
Grants Awarded
Over the last fiscal year, Bright Futures has awarded $445,681 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PRIMETIME EARLY LEARNING CENTER PURPOSE: SEE COMMENT ABOVE. | $90,585 |
MOUNTAIN MUNCHKINS PURPOSE: SEE COMMENT ABOVE. | $84,121 |
RAINBOW PRESCHOOL PURPOSE: SEE COMMENT ABOVE. | $60,873 |
MOUNTAIN SPROUTS PURPOSE: SEE COMMENT ABOVE. | $60,309 |
Telluride, CO PURPOSE: SEE COMMENT ABOVE. | $54,560 |
ELAINE'S PLACE TELLURIDE LLC PURPOSE: FUNDS USED TO SUPPORT PROFESSIONAL DEVELOPMENT , FINANCIAL ASSISTANCE TO FAMILIES FOR CHILDCARE, AS WELL AS CAPACITY BUILDING AND QUALITY IMPROVEMENT TO CHILDCARE PROVIDERS. | $53,748 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Bright Futures has recieved totaling $739,334.
| Awarding Organization | Amount |
|---|---|
Telluride Foundation Telluride, CO PURPOSE: OPERATIONS | $244,934 |
The Colorado Health Foundation Denver, CO PURPOSE: NURTURE HEALTHY MINDS | $220,000 |
Temple Hoyne Buell Foundation Denver, CO PURPOSE: $41,250 FOR INFRASTRUCTURE AND SYSTEMS BUILDING, $3,750 FOR WORKFORCE AND PROFESSIONAL DEVELOPMENT, AND $35,000 FOR PAT | $80,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: PYRAMID COACHING PROJECT | $50,000 |
Daniels Fund Denver, CO PURPOSE: EARLY CHILDHOOD DEVELOPMENT COLLABORATIVE | $50,000 |
Caring For Colorado Foundation Denver, CO PURPOSE: PROMOTING HEALTHY CH | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redistribution Center Inc Wheat Ridge, CO | $241,782 | $3,064,003 |
Nebraska Domestic Violence Sexual Assault Coalition Lincoln, NE | $853,109 | $2,006,268 |
Bright Futures Telluride, CO | $880,786 | $1,938,155 |
Positive Tomorrows Villa Campus Inc Oklahoma City, OK | $13,161,961 | $276,728 |
Family Guidance Institute La Junta, CO | $8,834,737 | $1,126,339 |
Infants Nutrition And Care Associates Ogden, UT | $0 | $1,026,901 |
Lincoln Eap Inc Lincoln, NE | $1,568,290 | $1,240,859 |
Noah's Ark Christian Day Care Center Inc Chanute, KS | $0 | $1,006,640 |
Womens Crisis Services Of Leflore County Poteau, OK | $672,014 | $536,604 |
Willow Rising Grand Island, NE | $728,433 | $550,894 |
Casa Support Council For Pima County Inc Tucson, AZ | $1,572,106 | $710,314 |
Fuel The Mission Corp Scottsdale, AZ | $112,824 | $390,669 |