Our Bright Future Inc
- Assets
- $30.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brimfield, MA
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 81-4077496
Organization Overview
Our Bright Future Inc is located in Brimfield, MA. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Our Bright Future Inc 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 12/2021, Our Bright Future Inc generated $95.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 72.7% each year . All expenses for the organization totaled $104.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OUR MISSION IS TO EMPOWER YOUTH AND DEVELOP BRIGHT LEADERS THROUGH ROBOTICS, SPORTS TRAINING AND GUIDANCE IN ACADEMICS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kwasi Acheampong Presidentexecutive Director | 20 | $41,100 | |
Peter Kariuki Treasurer | 10 | $100 | |
Scarlett R Makara Clerk | 0 | $0 | |
Doris Towns Director | 0 | $0 | |
Kiel Becker Director | 0 | $0 | |
Linda Neff Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,920 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,920 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,208 |
| Professional fees and other payments to independent contractors | $2,089 |
| Occupancy, rent, utilities, and maintenance | $8,200 |
| Printing, publications, postage, and shipping | $7,455 |
| Other expenses | $23,090 |
| Total expenses | $104,042 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,175 |
| Other assets | $0 |
| Total assets | $30,183 |
| Total liabilities | $1,288 |
| Net assets or fund balances | $28,895 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Our Bright Future Inc has recieved totaling $95,750.
| Awarding Organization | Amount |
|---|---|
United Way Of South Central Massachusetts Inc Southbridge, MA PURPOSE: GENERAL & ASOST-R | $65,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $24,500 |
Agnes M Lindsay Trust Chelmsford, MA PURPOSE: FOOD PANTRIES,FOOD BANKS | $5,000 |
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Vermont Permanency Initiative Inc Plymouth, NH | $11,154,700 | $16,308,251 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Childrens Workshop Foundation Central Falls, RI | $4,705,230 | $8,734,108 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |