Nonprofit · EIN 41-0692220
BRIGHT PROSPECTS COOPERATIVE PRESCHOOL
Tax-exempt · MINNEAPOLIS, MN 55406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $109,876 | $101,351 | $8,525 | $83,708 | $76 | $83,632 |
| December 31, 2024 | 990-EZ | $97,260 | $95,372 | $1,888 | $76,562 | $1,455 | $75,107 |
| December 31, 2023 | 990-EZ | $91,518 | $82,203 | $9,315 | $73,219 | – | $73,219 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $15,169
- Program service revenue
- $92,816
- Investment income
- $1,891
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $72,455
- Professional fees and payments to contractors
- $5,296
- Occupancy
- $12,465
- Printing, publications and postage
- $68
- Other expenses
- $11,067
- Program services (functional)
- $93,431
Balance sheet and other
- Total assets, start of year
- $76,562
- Total assets, end of year
- $83,708
- Total liabilities, end of year
- $76
- Net assets, end of year
- $83,632
- Cash, savings and investments
- $81,658
- Gross receipts
- $109,876
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSE JAMES | MEMBER CHAIR | 5 | $0 |
| MARISA FITTERMAN | TEACHER LIASON | 5 | $0 |
| LAURELYN SANDKAMP | TREASURER | 5 | $0 |
| JEFF OMAN | SECRETARY | 5 | $0 |
| NORA DUMMER | CHURCH LIASON | 5 | $0 |
990-EZ for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHIRA BURTON | CO-CHAIR | 1.5 | $0 |
| NANCY RICHTER | CO-CHAIR | 2 | $0 |
| NATALIE STALLINGS | Director | 3 | $0 |
| JESSICA ARCK | Treasurer | 4 | $0 |
| SAMANTHA CARR | FINANCIAL SECR | 4 | $0 |
| BETH DERENNE | Secretary | 3 | $0 |
| LAURELYN SANDKAMP | Treasurer | 4 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW WINGER | CO-CHAIR | 1 | $0 |
| JOSEPH REID | CO-CHAIR | 2 | $0 |
| KRISTEN SUNDQUIST | Secretary | 1 | $0 |
| JESSICA ARCK | Treasurer | 8 | $0 |
| BECKY NELSON | Director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2730 E 31ST ST, MINNEAPOLIS, MN 55406-1923
- In care of
- % HOLY TRINITY LUTHERAN CHURCH
- Signed the 990-EZ
- LEIGH HENNING, TREASURER
- Phone
- (262) 745-1818
- Return prepared by
- LOTTSA TAX & ACCOUNTING SERV INC
Mission
STATE LICENSED PRESCHOOL
Program accomplishments
- BRIGHT PROSPECTS IS A COOPERATIVE, NONDISCRIMINATORY STATE-LICENSED PRESCHOOL FOR CHILDREN 33 MONTHS TO 5 YEARS. Program Accomplishments for September 2025 - May 2026: We provided preschool education for 23 students during the 2025-2026 school year. Classes were held at the preschools classroom inside Holy Trinity Lutheran Church on weekdays from September through May. This preschool runs on a cooperative model and offers affordable, sliding scale pricing to make it as accessible as possible. We rely on a high level of involvement from teachers and families to make our school great and this year was no different. Each day a family member volunteered in the classroom on a rotating basis. Families also contributed their time and effort to the school through membership meetings, participation on the Board and in committees, participation in volunteer events, and by planning events like the art show, play, and holiday parties. Members also planned opportunities for children and their families to connect outside of school to build community.This year we opened a Simple IRA account for each of our teachers, providing a 3% match to help fund their retirement accounts.Expenses $93,431
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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 41-0692220
- 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
- 1951
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $83,708
- Income (IRS master file)
- $109,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $109,876 | $101,351 | $83,708 | XML |
| 990-EZ | December 2024 | $97,260 | $95,372 | $76,562 | IRS |
| 990-EZ | December 2023 | $91,518 | $82,203 | $73,219 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | 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 41-0692220).
Questions about BRIGHT PROSPECTS COOPERATIVE PRESCHOOL
- What is the EIN of BRIGHT PROSPECTS COOPERATIVE PRESCHOOL?
- The employer identification number (EIN) of BRIGHT PROSPECTS COOPERATIVE PRESCHOOL is 41-0692220.
- Is BRIGHT PROSPECTS COOPERATIVE PRESCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
- Are donations to BRIGHT PROSPECTS COOPERATIVE PRESCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRIGHT PROSPECTS COOPERATIVE PRESCHOOL 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 PROSPECTS COOPERATIVE PRESCHOOL 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 PROSPECTS COOPERATIVE PRESCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of BRIGHT PROSPECTS COOPERATIVE PRESCHOOL?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does BRIGHT PROSPECTS COOPERATIVE PRESCHOOL have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $109,876, expenses of $101,351 and total assets of $83,708 at year end.
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