Bright Futures

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Bright Futures Form 990, Revenue, CEO Pay, and IRS Filing Signals

Bright Futures is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bright Futures in one place.

Is Bright Futures Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Bright Futures shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Bright Futures directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Bright Futures

Bright Futures (EIN: 202169766) is a nonprofit organization based in Telluride, CO, classified under NTEE code P193. The organization reported total revenue of $2.6M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bright Futures's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Bright Futures is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Bright Futures reported a surplus of $173K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 29.8% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Bright Futures's revenue has grown at a compound annual growth rate (CAGR) of 17.8%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bright Futures with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Bright Futures allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $173K, with revenue exceeding expenses.
• Debt-to-asset ratio: 29.8%.

Executive Compensation Analysis

Bright Futures consistently reports 0% officer compensation across all 13 available filings, indicating that no compensation was paid to officers or that it was negligible. This is highly unusual and commendable for an organization with revenues exceeding $2.5 million, suggesting a strong commitment to directing funds towards its mission rather than executive salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Bright Futures:

• Consistent 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
• Strong and consistent revenue growth, from $383,395 in 201406 to $2,535,134 in 202306.
• Healthy asset-to-liability ratio, with $1,290,369 in assets against $384,568 in liabilities in 202306.
• Positive net income in most recent periods (e.g., $173,081 surplus in 202306), demonstrating sound financial management.
• Long filing history (13 filings) indicating sustained operation and transparency.

Frequently Asked Questions about Bright Futures

Filing History

IRS 990 filing history for Bright Futures showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bright Futures's revenue has grown by 615.8%, moving from $354K to $2.5M. Total assets increased by 608.6% over the same period, from $182K to $1.3M. Total functional expenses rose by 669.7%, from $307K to $2.4M. In its most recent filing year (2023), Bright Futures reported a surplus of $173K, with revenue exceeding expenses. The organization holds $385K in liabilities against $1.3M in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $906K.

Year-by-Year Financial Summary

• 2023: Revenue of $2.5M, expenses of $2.4M, and assets of $1.3M (revenue +30.8% year-over-year).
• 2022: Revenue of $1.9M, expenses of $1.9M, and assets of $881K (revenue +7.5% year-over-year).
• 2021: Revenue of $1.8M, expenses of $1.9M, and assets of $886K (revenue +42.4% year-over-year).
• 2020: Revenue of $1.3M, expenses of $1.6M, and assets of $943K (revenue -29.3% year-over-year).
• 2019: Revenue of $1.8M, expenses of $1.2M, and assets of $1.3M (revenue +175.8% year-over-year).
• 2018: Revenue of $650K, expenses of $574K, and assets of $380K (revenue +66.8% year-over-year).
• 2017: Revenue of $389K, expenses of $389K, and assets of $244K (revenue -4.4% year-over-year).
• 2016: Revenue of $407K, expenses of $407K, and assets of $160K (revenue -5.9% year-over-year).
• 2015: Revenue of $433K, expenses of $437K, and assets of $213K (revenue +12.9% year-over-year).
• 2014: Revenue of $383K, expenses of $377K, and assets of $212K (revenue -0.6% year-over-year).
• 2013: Revenue of $386K, expenses of $397K, and assets of $204K (revenue +6.5% year-over-year).
• 2012: Revenue of $362K, expenses of $362K, and assets of $190K (revenue +2.2% year-over-year).
• 2011: Revenue of $354K, expenses of $307K, and assets of $182K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Bright Futures:

Data Sources and Methodology

This transparency report for Bright Futures is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.