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Nonprofit · EIN 20-2169766

BRIGHT FUTURES

Tax-exempt · TELLURIDE, CO 81435

Financials

$2.6M$2.6M2024
Revenue Expenses · by fiscal year end
Financials of BRIGHT FUTURES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,592,249$2,623,772-$31,523$1,367,122$293,047$1,074,075
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,569,587
of which government grants
$2,016,902
Program service revenue
$1,787
Investment income
$20,875
Other revenue
$0

Expenses

Grants and similar amounts paid
$936,574
Compensation of officers, directors and key employees
$149,727
Other salaries and wages
$646,381
Salaries, compensation and benefits (total)
$1,037,970
Professional fundraising fees
$0
Accounting fees
$61,785
Occupancy
$58,323
Travel
$53,363
Program services (functional)
$2,360,340
Management and general (functional)
$115,817
Fundraising (functional)
$147,615

Balance sheet and other

Total assets, start of year
$1,289,151
Total assets, end of year
$1,367,122
Total liabilities, end of year
$293,047
Net assets, end of year
$1,074,075
Net assets without donor restrictions
$325,410
Net assets with donor restrictions
$748,665
Gross receipts
$2,592,249
Employees
37
Volunteers
5
Year formed
2004
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KATHLEEN MERRITTEXECUTIVE DIRECTOR
Officer
40$156,382$30,661
SUSAN ALTMANBOARD MEMBER
Trustee or director
1$0$0
MATTHEW BAYMABOARD CHAIR
Trustee or director, Officer
1$0$0
ALISON WRIGHTBOARD TREASURER & SECRETARY
Trustee or director, Officer
1$0$0
GLORIA CHAVIRABOARD MEMBER
Trustee or director
1$0$0
HEATHER YOUNGBOARD VICE CHAIR
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
PO BOX 4216, TELLURIDE, CO 81435-4216
In care of
% KATHLEEN MERRITT
Principal officer (990 for 2024)
MATTHEW BAYMA, PO BOX 4216, TELLURIDE, CO 81435
Signed the 990
MATTHEW BAYMA, CHAIR
Phone
(970) 728-5613
Return prepared by
REESE HENRY & COMPANY INC

Mission

BRIGHT FUTURES PROVIDES RESOURCES TO IMPROVE THE LIVES OF CHILDREN AND FAMILIES. BRIGHT FUTURES WORKS TO INCREASE THE QUALITY, ACCESSIBILITY AND AVAILABILITY FOR EARLY CARE AND EDUCATION IN SAN MIGUEL, OURAY, MONTROSE, DELTA AND SAN JUAN COUNTIES. BRIGHT FUTURES OFFERS ALIGNED, COLLABORATIVE AND INTEGRATED SERVICES ACROSS KEY SYSTEMS OF FAMILY SUPPORT AND EARLY CHILDHOOD CARE AND EDUCATION.

990 for the year ended June 30, 2025

Program accomplishments

  • BRIGHT FUTURES IS DEDICATED TO IMPROVING THE LIVES OF CHILDREN AND FAMILIES IN WESTERN COLORADO THROUGH INTEGRATED SERVICES IN EARLY CHILDHOOD CARE, EDUCATION, AND FAMILY SUPPORT. OPERATING AS AN EARLY CHILDHOOD COUNCIL, FAMILY RESOURCE CENTER, AND THE LOCAL COORDINATING ORGANIZATION (LCO) FOR UNIVERSAL PRESCHOOL (UPK), THE ORGANIZATION SERVES DELTA, MONTROSE, OURAY, SAN MIGUEL, AND SAN JUAN COUNTIES.KEY ACCOMPLISHMENTS IN THE PAST FISCAL YEAR:1) EARLY CHILDHOOD QUALITY & WORKFORCE DEVELOPMENT: 80% OF LICENSED CHILDCARE PROVIDERS ENGAGED IN QUALITY IMPROVEMENT THROUGH COLORADO SHINES. 93 EARLY CHILDHOOD TEACHERS RECEIVED PYRAMID COACHING, POSITIVELY IMPACTING 1,337 CHILDREN. THE ORGANIZATION PROVIDED 69 PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR EARLY EDUCATORS.2) FAMILY SUPPORT SERVICES: TAILORED PROGRAMS STRENGTHENED FAMILIES AND IMPROVED OUTCOMES FOR VULNERABLE CHILDREN (BIRTH-18). THROUGH PARENTS AS TEACHERS (PAT), 364 HOME VISITS WERE CONDUCTED, AND 243 PARENTS ATTENDED WORKSHOPS. THE INTEGRATED SUPPORT SERVICES TEAM SERVED 39 CHILDREN WITH A HOLISTIC, CHILD-CENTERED APPROACH. $37,589 WAS DISTRIBUTED TO 8 FAMILIES THROUGH A "FLEX FUNDING" PROGRAM TO OFFER BASIC NEEDS SUCH AS HOUSING, FOOD, OR TRANSPORTATION.3) SAN MIGUEL COUNTY EARLY CHILDHOOD SUPPORT: UNDER THE STRONG START PROGRAM, BRIGHT FUTURES ADMINISTERED QUALITY IMPROVEMENT/CAPACITY-BUILDING GRANTS, TEACHER RECOGNITION AWARDS, AND CHILDCARE FINANCIAL ASSISTANCE. A TOTAL OF $733,785 IN GRANTS AND FINANCIAL ASSISTANCE WAS AWARDED. 4) UNIVERSAL PRESCHOOL IMPLEMENTATION: AS THE STATE-APPOINTED LCO, THE ORGANIZATION SUPPORTED FAMILIES, SCHOOL DISTRICTS, AND EARLY CHILDHOOD PROVIDERS IN FIVE COUNTIES TO ENSURE UPK ACCESS. 5) EARLY CHILDHOOD INFRASTRUCTURE & EXPANSION: PARTNERING WITH RURAL HOMES EARLY CHILDHOOD INITIATIVE, THE ORGANIZATION SUPPORTS HOMEOWNERSHIP PATHWAYS FOR FAMILY CHILD CARE PROVIDERS IN OURAY COUNTY. TEMPORARY STATE STIMULUS FUNDING ENABLED INITIATIVES SUCH AS FAMILY CHILD CARE HOME NAVIGATION, AND EXPANDED QUALITY IMPROVEMENT GRANTS. 6) AMERICORPS EARLY CHILDHOOD PILOT PROGRAM: RECRUITED 7 AMERICORPS MEMBERS AT 4 CHILDCARE SITES IN TELLURIDE, MONTROSE, DELTA, AND GUNNISON. 5 MEMBERS WERE RECRUITED LAST FISCAL YEAR, AND 1 GRADUATED FROM THE PROGRAM.BRIGHT FUTURES CONTINUES TO ADDRESS THE REGION'S CHILDCARE GAPS, ENHANCE FAMILY RESILIENCE, AND IMPROVE ACCESS TO HIGH-QUALITY EARLY LEARNING, ENSURING LONG-TERM BENEFITS FOR CHILDREN AND COMMUNITIES.
    Expenses $2,360,340 · grants $936,574 · revenue $1,787

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
20-2169766
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2005
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P193)
Assets (IRS master file)
$1,367,122
Income (IRS master file)
$2,592,249

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$2,535,134$2,362,053$1,290,369IRS
990June 2022$1,938,155$1,927,869$880,786IRS
990June 2021–––IRS
990June 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about BRIGHT FUTURES

What is the EIN of BRIGHT FUTURES?
The employer identification number (EIN) of BRIGHT FUTURES is 20-2169766.
Is BRIGHT FUTURES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to BRIGHT FUTURES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BRIGHT FUTURES file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BRIGHT FUTURES due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BRIGHT FUTURES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of BRIGHT FUTURES?
The 990 for the year ended June 30, 2025 names MATTHEW BAYMA.
Who are the officers and directors of BRIGHT FUTURES?
The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $156,382 (KATHLEEN MERRITT, EXECUTIVE DIRECTOR).
How much revenue does BRIGHT FUTURES have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,592,249, expenses of $2,623,772 and total assets of $1,367,122 at year end.

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