Nonprofit · EIN 26-0353490
BRIGHT FUTURES FOUNDATION
Tax-exempt · GLENVIEW, IL 60026
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $443,921 | $352,110 | $91,811 | $800,335 | $0 | $800,335 |
| December 31, 2024 | 990 | $316,009 | $337,077 | -$21,068 | $640,347 | $0 | $640,347 |
| December 31, 2023 | 990 | $141,949 | $226,243 | -$84,294 | $603,022 | $0 | $603,022 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $426,447
- Program service revenue
- $0
- Investment income
- $17,474
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $346,388
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $346,388
- Management and general (functional)
- $5,722
Balance sheet and other
- Total assets, start of year
- $640,347
- Total assets, end of year
- $800,335
- Total liabilities, end of year
- $0
- Net assets, end of year
- $800,335
- Publicly traded securities
- $519,799
- Net assets without donor restrictions
- $800,335
- Gross receipts
- $443,921
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2004
- State of legal domicile
- IL
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gil Haggart | President & Director Trustee or director, Officer | 1 | $0 |
| Ed Williams | Vice President & Director Trustee or director, Officer | 1 | $0 |
| William McNally | Director Trustee or director | 1 | $0 |
| Marila Beatty | Director Trustee or director | 1 | $0 |
| Joy Connors | Director Trustee or director | 2 | $0 |
| Nancy Nagel | Director Trustee or director | 1 | $0 |
| Larry Beebe | Treasurer & Director Trustee or director, Officer | 5 | $0 |
| Kay Mabie | Director Trustee or director | 1 | $0 |
| Diane Stumpf | Secretary & Director Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gil Haggart | President & Director Trustee or director, Officer | 2 | $0 |
| Ed Williams | Vice President & Director Trustee or director, Officer | 2 | $0 |
| William McNally | Director Trustee or director | 1 | $0 |
| Marila Beatty | Director Trustee or director | 1 | $0 |
| Joy Connors | Director Trustee or director | 2 | $0 |
| Nancy Nagel | Director Trustee or director | 1 | $0 |
| Larry Beebe | Treasurer & Director Trustee or director, Officer | 5 | $0 |
| Kay Mabie | Director Trustee or director | 2 | $0 |
| Diane Stumpf | Secretary & Director Trustee or director, Key employee | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gil Haggart | President & Director Trustee or director, Officer | 2 | $0 |
| Ed Williams | Vice President & Director Trustee or director, Officer | 1 | $0 |
| William McNally | Director Trustee or director | 1 | $0 |
| Marila Beatty | Director Trustee or director | 1 | $0 |
| Joy Connors | Secretary & Director Trustee or director, Officer | 1 | $0 |
| Andy Anderson | Director Trustee or director | 1 | $0 |
| Larry Beebe | Treasurer & Director Trustee or director, Officer | 3 | $0 |
| Kay Mabie | Director Trustee or director | 1 | $0 |
| Carol McGrew | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2500 INDIGO LANE BOX 2600, GLENVIEW, IL 60026-7797
- In care of
- % JOSEPH KASTENHOLZ
- Principal officer (990 for 2025)
- Lawrence R Beebe, 2575 Indigo Lane, Glenview, IL 60026
- Signed the 990
- Lawrence Beebe, treasurer
- Phone
- (301) 928-3575
Mission
Bright Futures provides scholarship funds for employees of Vi and their dependents at The Glen who wish to take educational or vocational courses beyond high school while still employed at the Vi. Funds are usually paid directly to school attended. In 2024, 58 employees and their dependents were awarded grants covering tuition, fees and books.
Program accomplishments
- Bright Futures provides scholarships for employees and dependents of employees at the VI.Expenses $346,388 · grants $346,388
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-0353490
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $800,335
- Income (IRS master file)
- $443,921
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $443,921 | $352,110 | $800,335 | IRS |
| 990 | December 2024 | $316,009 | $337,077 | $640,347 | IRS |
| 990 | December 2023 | $141,949 | $226,243 | $603,022 | XML |
| 990 | December 2022 | $128,760 | $70,175 | $650,285 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 26-0353490).
Questions about BRIGHT FUTURES FOUNDATION
- What is the EIN of BRIGHT FUTURES FOUNDATION?
- The employer identification number (EIN) of BRIGHT FUTURES FOUNDATION is 26-0353490.
- Is BRIGHT FUTURES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to BRIGHT FUTURES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRIGHT FUTURES FOUNDATION 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 FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BRIGHT FUTURES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BRIGHT FUTURES FOUNDATION?
- The 990 for the year ended December 31, 2025 names Lawrence R Beebe.
- Who are the officers and directors of BRIGHT FUTURES FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does BRIGHT FUTURES FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $443,921, expenses of $352,110 and total assets of $800,335 at year end.
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- JOCOTOCO CONSERVATION FOUNDATION EIN 83-2027203 · last filed 990 for 2025
- GLENVIEW METHODIST PRE SCHOOL INC EIN 36-2558287 · last filed 990 for 2025
- HEAR SCHOLARSHIP FOUNDATION INC EIN 81-3131165 · last filed 990 for 2025
- GRACE NETWORK EIN 88-1206758 · last filed 990 for 2026
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