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EIN 42-6073848

The Bright Foundation

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Urbandale
State
Iowa
Year formed
2019
Most recent tax filings
2023-06-01
NTEE code, primary
T20: Private Foundations
Description
The Bright Foundation is a private foundation that provides land rental income for charitable purposes. The foundation made 11 grants last year and its grantees include Iowa State University. The foundation is located in Urbandale, IA.
Total revenues
$1,626,635
2023
Total expenses
$2,681,879
2023
Total assets
$33,279,525
2023
Num. employees
2
2023

Program areas at The Bright Foundation

As a scholarship provider The mission of The Bright Foundation is to empower scholars to launch careers through The successfull access and completion of college degrees.
Land rental income used for charitable purposes

Grants made by The Bright Foundation

GranteeGrant descriptionAmount
Iowa State University FoundationGeneral Fund/scholarships$871,302
University of Northern Iowa FoundationScholarships$553,680

Who funds The Bright Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mary K and Daniel M Kelly Family FoundationGeneral Operations$100,000

Personnel at The Bright Foundation

NameTitleCompensation
Thomas E PressChairman of the Board$37,500
Jeff FlemingAppointed Director of the Des Moines Art Center
Leah LingrenDirector of Scholar$77,917
Meredith DohmenPresident$132,300

Financials for The Bright Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$150,650
Investment income and dividends$802,353
Net rental income$0
Net gain from sale of non-inventory assets$673,632
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,626,635

Form 990s for The Bright Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062023-10-09990PFView PDF
2022-062022-10-17990PFView PDF
2021-062021-10-05990PFView PDF
2020-062021-05-07990PFView PDF
2019-062019-12-16990PFView PDF
...and 9 more Form 990s

Organizations like The Bright Foundation

OrganizationLocationRevenue
Young Americans Center for Financial EducationDenver, CO$3,170,410
Art + Practice (A+P)Los Angeles, CA$621,500
Worthington Scholarship FoundationNaples, FL$780,108
DjekMartinez, CA$1,036,096
Vesper SocietySan Francisco, CA$2,442,774
The NH Foundation for InnovationLoudon, NH$2,873,607
The Hartwell Foundation CorporationMemphis, TN$5,256,698
MathHappens FoundationAustin, TX$503,740
Cook FoundationGloucester, VA$528,966
Vivian and Hymie J Sosland Charitable TrustKansas City, MO$453,083
Data update history
December 4, 2023
Posted financials
Added Form 990PF for fiscal year 2023
December 3, 2023
Updated personnel
Identified 1 new personnel
July 14, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 4, 2023
Updated personnel
Identified 1 new personnel
June 12, 2023
Received grants
Identified 1 new grant, including a grant for $110,000 from Mary K and Daniel M Kelly Family Foundation
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
2961 100th St Ste 2
Urbandale, IA 50322
Metro area
Des Moines-West Des Moines, IA
County
Polk County, IA
Website URL
brightiowa.org/ 
Phone
(515) 297-8550
IRS details
EIN
42-6073848
Fiscal year end
June
Taxreturn type
Form 990-PF
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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