Brighter Futures Foundation

EIN: 842713350 501(c)(3) Education

Villa Park, IL

Total Revenue
$1,029,161
Total Expenses
$807,918
Total Assets
$392,360
Net Assets
$392,360
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IL
Principal Officer
YOUSUF GHOUSE
Phone
6302026380
Tax Period
2025-01-01 to 2025-12-31

Brighter Futures Foundation, founded in 2019, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2025. The organization ran a surplus of $221K, a strong 21% operating margin.

Mission

We envision a world where everyone with a desire for an education be it Islamic or secular is able to attain one, regardless of their income or geographic location.

Program Service Accomplishments

Program 1
Expenses: $441,000

Given the low cost of building and purchasing goods in Togo, we have been able to make a sizable impact. A mere 50 USD is enough to support a student for a month. 200 USD is enough to support the...

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Given the low cost of building and purchasing goods in Togo, we have been able to make a sizable impact. A mere 50 USD is enough to support a student for a month. 200 USD is enough to support the salary of one hifz teacher for a month along with their whole family.

Program 2
Expenses: $344,675

Distributions of food, housing, and education to those in need in Africa.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,029,161
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,029,161

Expense Breakdown

Grants Paid $785,675
Salaries & Benefits $0
Fundraising Expenses $11,122
Program Expenses $785,675
Other Expenses $22,243
TOTAL EXPENSES $807,918

Year-over-Year Comparison

2025 2024 Change
Revenue $1,029,161 $985,928 +0.0%
Expenses $807,918 $938,443 -0.1%
Net Income $221,243 $47,485 +3.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YOUSUF GHOUSE PRESIDENT 0.00
Officer Director
$0 $0 $0
Ali Siddiqui SECRETARY 0.00
Officer Director
$0 $0 $0
Fayaaz Mohammed TREASURER 0.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,029,161 $807,918 $392,360 $221,243
2024 $985,928 $938,443 $171,117 $47,485
2023 $863,729 $867,279 $123,632 $-3,550
2022 $437,546 $366,677 $127,182 $70,869
2021 $188,965 $160,947 $56,313 $28,018
2020 $114,370 $86,075 $28,295 $28,295
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