BRIGHTER FUTURES FOR PHILLIPS

EIN: 854233513 501(c)(3)

MONTCLAIR, NJ

Total Revenue
$266,737
Total Expenses
$4,722
Total Assets
$262,015
Net Assets
$262,015
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IL
Principal Officer
MICHAEL MANCINI
Phone
3126361249
Tax Period
2021-01-01 to 2021-12-31

BRIGHTER FUTURES FOR PHILLIPS, founded in 2020, is a small nonprofit that reported $267K in total revenue in fiscal year 2021. The organization ran a surplus of $262K, a strong 98% operating margin.

Mission

TO RAISE FUNDING FOR WENDELL PHILLIPS HIGH SCHOOOL STEM DEPARTMENT

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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 (2021)

Revenue Breakdown

Contributions & Grants $266,737
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $266,737

Expense Breakdown

Grants Paid $3,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,722
Other Expenses $1,222
TOTAL EXPENSES $4,722

Year-over-Year Comparison

2021 2020 Change
Revenue $266,737 N/A N/A
Expenses $4,722 N/A N/A
Net Income $262,015 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

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
3
Independent Members
3
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
MICHAEL MANCINI PRESIDENT 0.00
Officer Director
$0 $0 $0
MATTHEW SULLIVAN SECRETARY 0.00
Officer Director
$0 $0 $0
SEVILLE SPEARMAN 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
2021 $266,737 $4,722 $262,015 $262,015
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