Nonprofit · EIN 42-6073848
BRIGHT FOUNDATION
Tax-exempt · DES MOINES, IA 50311
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $2,967,529 | $2,753,449 | $214,080 | $32,724,762 | $4,530 | $32,720,232 |
| June 30, 2024 | 990-PF | $2,210,641 | $2,983,136 | -$772,495 | $32,510,214 | $4,062 | $32,506,152 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $200,375
- Dividends
- $1,039,767
- Net gain from sales of assets
- $1,727,387
Expenses
- Grants and similar amounts paid
- $2,202,488
- Compensation of officers, directors and key employees
- $268,412
- Disbursements for charitable purposes
- $2,661,901
- Excise tax on investment income
- $37,197
Balance sheet and other
- Total assets, start of year
- $32,510,214
- Total assets, end of year
- $32,724,762
- Total liabilities, end of year
- $4,530
- Net assets, end of year
- $32,720,232
- Fair market value of assets
- $56,466,924
- Qualifying distributions
- $2,661,901
- Net investment income
- $2,767,154
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-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Meredith Dohmen 2961 100th St Ste 2, Urbandale, IA 503225505 | President | 40 | $155,585 | $10,891 |
| Thomas E Press 2961 100th St Ste 2, Urbandale, IA 503225505 | Chairman & Managing Director | 10 | $39,200 | $0 |
| Jerry Deegan 2961 100th St Ste 2, Urbandale, IA 503225505 | Vice Chair & Director | 1.5 | $3,200 | $0 |
| Stacy Wanderscheid 2961 100th St Ste 2, Urbandale, IA 503225505 | Secretary & Director | 1.5 | $3,200 | $0 |
| Jeffrey G Fleming 2961 100th St Ste 2, Urbandale, IA 503225505 | Treasurer & Director | 1.5 | $3,200 | $0 |
| Carrie A Kompelien 2961 100th St Ste 2, Urbandale, IA 503225505 | Director | 1.5 | $3,200 | $0 |
| Craig A Shadur 2961 100th St Ste 2, Urbandale, IA 503225505 | Director | 1.5 | $3,200 | $0 |
| Kelly L Nieman 2961 100th St Ste 2, Urbandale, IA 503225505 | Director | 1.5 | $2,200 | $0 |
| Dale J Andringa 2961 100th St Ste 2, Urbandale, IA 503225505 | Director | 1.5 | $0 | $0 |
990-PF for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Meredith Dohmen 2961 100th St Ste 2, Urbandale, IA 503225505 | President | 40 | $138,915 | $9,724 |
| Leah Lingren 4108 NW Abilene Rd, Ankeny, IA 50023 | Director of Scholar Highest-paid employee | 40 | $89,250 | $6,247 |
| Thomas E Press 2961 100th St Ste 2, Urbandale, IA 503225505 | Chairman & Managing Director | 10 | $40,400 | $0 |
| Stacy Wanderscheid 2961 100th St Ste 2, Urbandale, IA 503225505 | Secretary & Director | 1.5 | $4,400 | $0 |
| Jeffrey G Fleming 2961 100th St Ste 2, Urbandale, IA 503225505 | Treasurer & Director | 1.5 | $4,400 | $0 |
| Jerry Deegan 2961 100th St Ste 2, Urbandale, IA 503225505 | Vice President & Director | 1.5 | $3,900 | $0 |
| Charles A Haas 2961 100th St Ste 2, Urbandale, IA 503225505 | Director (7/1/23 thru 12/31/23) | 1.5 | $2,200 | $0 |
| Carrie A Kompelien 2961 100th St Ste 2, Urbandale, IA 503225505 | Director (Since 1/2/24) | 1.5 | $2,200 | $0 |
| Craig A Shadur 2961 100th St Ste 2, Urbandale, IA 503225505 | Director (Since 1/2/24) | 1.5 | $2,200 | $0 |
| Dale J Andringa 2961 100th St Ste 2, Urbandale, IA 503225505 | Director | 1.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1201 63RD ST, DES MOINES, IA 50311-1943
- In care of
- % THOMAS E PRESS
- Signed the 990-PF
- Thomas E Press, Chairman of the Board
- Phone
- (515) 297-8550
- Website
- www.brightiowa.org
- Return prepared by
- Eide Bailly LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 42-6073848
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $32,724,762
- Income (IRS master file)
- $6,949,372
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $2,967,529 | $2,753,449 | $32,724,762 | XML |
| 990-PF | June 2024 | $2,210,641 | $2,983,136 | $32,510,214 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 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 42-6073848).
Questions about BRIGHT FOUNDATION
- What is the EIN of BRIGHT FOUNDATION?
- The employer identification number (EIN) of BRIGHT FOUNDATION is 42-6073848.
- Is BRIGHT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to BRIGHT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does BRIGHT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BRIGHT FOUNDATION 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 FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of BRIGHT FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 9 people; 8 received compensation from the organization, the highest $155,585 (Meredith Dohmen, President).
- How much revenue does BRIGHT FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $2,967,529, expenses of $2,753,449 and total assets of $32,724,762 at year end.
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