EIN 36-3634360

Bright Promise

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
1988
Most recent tax filings
2022-06-01
NTEE code, primary
Description
Bright Promise generates new sources of revenue for thirteen affiliated Christian schools in Chicago, IL to strengthen and sustain them, so that more families can experience the benefits of urban Christian education. The organization grants scholarships under the Illinois Invest In Kids Scholarship Tax Credit Program to eligible students, with the funds divided among member schools based on local school board priorities - often tuition assistance for families.
Also known as...
Urban Non-Public Education Fund
Total revenues
$648,865
2022
Total expenses
$515,041
2022
Total assets
$3,107,412
2022
Num. employees
3
2022

Program areas at Bright Promise

The funds raised will be divided among the thirteen affiliated christian schools it serves, in the confidence that each local school board knows best as to which priorities to address. Most often, the highest priority is providing tuition assistance to families in need. Other priorities may include emergency capital needs or professional development for teachers and administrators.
The organization is a scholarship granting organization under the Illinois invest in kids scholarship tax credit program. The organization receives contributions and issues scholarships to member schools on behalf of eligible students.
The organization now includes new to you upscale resale. Proceeds will be used to provide a professional network for christians involved in private, public, and christian education in urban north america.

Grants made by Bright Promise

GranteeGrant descriptionAmount
Chicago West Side Christian School Association Chicago West Side Christian SchoolGeneral Support$42,000
Daystar SchoolGeneral Support$42,000
The Field SchoolGeneral Support$21,500
...and 9 more grants made

Who funds Bright Promise

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
FJK Private FoundationGeneral & Unrestricted$10,000
Jim Gilmore JR FoundationOperations$7,000
American Endowment FoundationEducational$6,000
...and 3 more grants received

Personnel at Bright Promise

NameTitleCompensation
Steve BlomExecutive Director$79,078
Chris WiesehanFounder, CJW Capital$0
Anne VanderweeleSecretary / Director$0
Felecia ThompsonChairman and S / Secretary / Director$0
David LarsenPast Executive Director$67,000
...and 3 more key personnel

Financials for Bright Promise

RevenuesFYE 06/2022
Total grants, contributions, etc.$309,342
Program services$195,404
Investment income and dividends$19,651
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$124,468
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$648,865

Form 990s for Bright Promise

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2020-062021-04-06990View PDF
2019-062020-12-30990View PDF
2018-062019-06-19990View PDF
2017-062018-10-16990View PDF
...and 7 more Form 990s

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The Allegan County Community FoundationAllegan, MI$2,263,300
Stock Farm Greater Ravalli FoundationHamilton, MT$1,067,573
Williamsburg Community FoundationWilliamsburg, VA$1,585,115
Rush County Community FoundationRushville, IN$3,046,439
Community Foundation of Grant County IndianaMarion, IN$1,810,575
Greater Oxford Community FoundationOxford, OH$936,833
Fayette County FoundationConnersville, IN$860,774
Norman Public School FoundationNorman, OK$436,283
Data update history
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 18, 2023
Updated personnel
Identified 2 new personnel
May 10, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from The Brandsma Family Foundation
July 22, 2022
Received grants
Identified 1 new grant, including a grant for $5,000 from BNSF Foundation
September 22, 2021
Received grants
Identified 1 new grant, including a grant for $5,000 from FJK Private Foundation
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
EducationCommunity improvement
Characteristics
ReligiousChristianProvides grantsState / local levelEndowed supportTax deductible donations
General information
Address
1550 S State St Suite 107
Chicago, IL 60605
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
brightpromisefund.org/ 
Phone
(708) 321-0403
IRS details
EIN
36-3634360
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813110: Religious Organizations
Parent/child status
Independent
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