BRIGHT FUTURE FUND

EIN: 934678619

WASHINGTON, DC

Total Revenue
$143,138,664
Total Expenses
$88,116
Total Assets
$143,138,664
Net Assets
$143,050,548
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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
2023
Legal Domicile
DC
Principal Officer
PRESTON ELLIOTT
Phone
2023811198
Tax Period
2023-12-04 to 2023-12-31

BRIGHT FUTURE FUND, founded in 2023, is a major nonprofit that reported $143.1M in total revenue in fiscal year 2023. The organization ran a surplus of $143.1M, a strong 100% operating margin.

Mission

BRIGHT FUTURE FUND IS DEDICATED TO A BRIGHTER FUTURE FOR ALL AMERICANS. BRIGHT FUTURE FUND SUPPORTS PROJECTS THAT STRENGHEN THE ECONOMY, PROTECT REPRODUCTIVE RIGHTS, AND MAKE AMERICA MORE FAIR AND JUST.

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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 (2023)

Revenue Breakdown

Contributions & Grants $142,392,698
Program Service Revenue $0
Investment Income $745,966
Other Revenue $0
TOTAL REVENUE $143,138,664

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $72,000
Other Expenses $88,116
TOTAL EXPENSES $88,116

Year-over-Year Comparison

2023 2022 Change
Revenue $143,138,664 N/A N/A
Expenses $88,116 N/A N/A
Net Income $143,050,548 N/A 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
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRESTON ELLIOTT PRESIDENT 1.00
Officer Director
$0 $0 $0
LUCINDA GUINN TREASURER 1.00
Officer Director
$0 $0 $0
KELLY WARD DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $143,138,664 $88,116 $143,138,664 $143,050,548
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