Bright Futures Foundations in Murphy, Oregon (OR)
Table of contents:
| Bright Futures Foundations | |
| Employer Identification Number (EIN) | 010726380 |
| Name of Organization | Bright Futures Foundations |
| In Care of Name | Catherine Davis |
| Address | PO BOX 248, Murphy, OR 97533-0248 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 05/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $85,130 |
| Amount of Income | $92,906 |
| Form 990 Revenue Amount | $86,290 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $92,906 (it was $87,918 in 2012)
| Bright Futures Foundations: | $92,906 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2013: $85,130 (it was $59,767 in 2012)
| Bright Futures Foundations: | $85,130 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $60,927
| This organization: | $60,927 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 1.5
| Bright Futures Foundations: | 1.5 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 61.0%
| This organization: | 61.0% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $90,904 | $80,982 | $86,290 |
| Contributions, gifts, grants, and similar amounts received | $64,433 | $56,627 | $52,646 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $944 | $785 | $1,007 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $25,477 | $23,295 | $32,637 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $32,121 | $30,231 | $39,253 |
| Less: direct expenses from gaming and fundraising events | $6,644 | $6,936 | $6,616 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $50 | $275 | $0 |
| Total expenses | $97,789 | $80,394 | $60,927 |
| Total net assets | $59,179 | $59,767 | $85,130 |
| Excess/Deficit for the year | $-6,885 | $588 | $25,363 |
| Net assets or fund balances at beginning of year | $66,064 | $59,179 | $59,767 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $59,767 | $85,130 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $59,179 | $59,767 | $85,130 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $59,179 | $59,767 | $85,130 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $385,572 |
| Subtotal | $475,211 |
| Gifts, grants, contributions, and membership fees received | $324,859 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $150,352 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $89,639 |
| Amounts received from disqualified persons | $89,639 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $480,095 |
| Public support | $475,211 |
| Subtotal | $4,884 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,884 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | Ralph Haugse Memorial Tr | PO BOX 3168, Portland, OR 97208-3168 | OR | 2010-10 | $1,697,720 |
| 5 | Wayne C Stewart Foundation | PO BOX 3168, Portland, OR 97208-3168 | OR | 2008-03 | $1,663,674 |
| 6 | W & R Van Zile Scholarship Fdn | PO BOX 3168, Portland, OR 97208-3168 | OR | 2011-04 | $1,567,881 |
| 7 | The Portland Ballet | 6250 Sw Capitol Hwy, Portland, OR 97239-2674 | OR | 2002-05 | $673,818 |
| 8 | Brown Scapular Foundation | 25210 Jake St, Veneta, OR 97487-8705 | OR | 2009-05 | $556,006 |
| 9 | Speckman Family Foundation | 402 Shelley St, Springfield, OR 97477-1965 | OR | 2006-11 | $407,324 |
| 10 | These Numbers Have Faces Inc | Po Box 3402, Portland, OR 97208 | OR | 2008-02 | $393,867 |
| 11 | The Center Foundation | 2200 Ne Neff Rd Ste 200, Bend, OR 97701-4281 | OR | 2002-10 | $327,234 |
| 12 | See Ya Later Foundation Inc | PO BOX 1281, Mcminnville, OR 97128-1281 | OR | 2006-08 | $255,043 |
| 13 | College Dreams Inc | 2158 Ne Industry Dr, Grants Pass, OR 97526 | OR | 2010-05 | $251,023 |
| 14 | Kenya Keys | 5314 Tualata Ct, Lake Oswego, OR 97035-8150 | OR | 2010-09 | $237,601 |
| 15 | Zman Scholarship Foundation | 3855 Sw 153rd Dr, Beaverton, OR 97003-5105 | OR | 2009-09 | $180,122 |
| 16 | Ascuaga Charitable Foundation 040017519200 | PO BOX 3168, Portland, OR 97208-3168 | OR | 2015-04 | $165,916 |
| 17 | Wattenberg Scholarship Fund | PO BOX 1784, Medford, OR 97501-0140 | OR | 2008-10 | $155,943 |
| 18 | Pyle Deforest Charitable Foundation | 1067 Emigrant Creek Rd, Ashland, OR 97520-9708 | OR | 1999-05 | $124,409 |
| 19 | Sisters Graduate Resource Organiazation, Sisters Gro | PO BOX 1546, Sisters, OR 97759-1546 | OR | 2008-10 | $122,761 |
| 20 | Oregon Consular Corps Scholarship Fund | 4708 Sw Fairview Blvd, Portland, OR 97221-2626 | OR | 2013-07 | $111,730 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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