Nonprofit · EIN 52-2363234
BRIGHT PROSPECT
Tax-exempt · POMONA, CA 91767
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,740,975 | $2,154,479 | $586,496 | $4,316,068 | $169,899 | $4,146,169 |
| June 30, 2024 | 990 | $1,788,092 | $1,923,981 | -$135,889 | $3,723,643 | $163,970 | $3,559,673 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,571,103
- of which government grants
- $1,340,684
- Program service revenue
- $0
- Investment income
- $49,871
- Other revenue
- $120,001
Expenses
- Grants and similar amounts paid
- $131,367
- Compensation of officers, directors and key employees
- $176,807
- Other salaries and wages
- $1,022,220
- Salaries, compensation and benefits (total)
- $1,454,907
- Professional fundraising fees
- $0
- Legal fees
- $70,828
- Accounting fees
- $63,300
- Occupancy
- $142,990
- Travel
- $14,317
- Depreciation
- $27,153
- Program services (functional)
- $1,937,056
- Management and general (functional)
- $217,423
Balance sheet and other
- Total assets, start of year
- $3,723,643
- Total assets, end of year
- $4,316,068
- Total liabilities, end of year
- $169,899
- Net assets, end of year
- $4,146,169
- Land, buildings and equipment
- $62,413
- Net assets without donor restrictions
- $4,121,399
- Net assets with donor restrictions
- $24,770
- Gross receipts
- $2,740,975
- Employees
- 24
- Volunteers
- 150
- Year formed
- 2001
- State of legal domicile
- CA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOLLY REYNOLDS | Executive Dir. Trustee or director | 40 | $176,807 |
| DEVORAH LIEBERMAN | Director Trustee or director | 1 | $0 |
| DR STEPHEN MORGAN | Director Trustee or director | 1 | $0 |
| KYLE WEBB | Treasurer Trustee or director, Officer | 1 | $0 |
| SHANDRIA RICHMOND-ROBERTS | Director Trustee or director | 1 | $0 |
| MATTHEW NEELEY | Secretary Trustee or director, Officer | 1 | $0 |
| MARK WARREN | Vice President Trustee or director, Officer | 1 | $0 |
| BRIAN STATON | President Trustee or director, Officer | 1 | $0 |
| JASON CORDOVA | Director Trustee or director | 1 | $0 |
| MARISOL RAMIREZ | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOLLY REYNOLDS | Executive Dir. Trustee or director | 40 | $177,387 |
| KEVIN LUMOWAH | OFFICER Officer | 40 | $112,131 |
| DEVORAH LIEBERMAN | Director Trustee or director | 1 | $0 |
| DR STEPHEN MORGAN | Director Trustee or director | 1 | $0 |
| KYLE WEBB | Treasurer Trustee or director, Officer | 1 | $0 |
| SHANDRIA RICHMOND-ROBERTS | Director Trustee or director | 1 | $0 |
| MATTHEW NEELEY | Secretary Trustee or director, Officer | 1 | $0 |
| EMMETT TERRELL | Director Trustee or director | 1 | $0 |
| MARK WARREN | Vice President Trustee or director, Officer | 1 | $0 |
| BRIAN STATON | President Trustee or director, Officer | 1 | $0 |
| JASON CORDOVA | Director Trustee or director | 1 | $0 |
| ELIZABETH ZAMORA | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1460 E HOLT AVE STE 74, POMONA, CA 91767-5850
- Principal officer (990 for 2024)
- BRIAN STATON, 1460 EAST HOLT AVENUE SUITE 74, POMONA, CA 917675850
- Signed the 990
- HOLLY REYNOLDS, Executive Dir.
- Phone
- (909) 623-9007
- Website
- WWW.BRIGHTPROSPECT.ORG
- Return prepared by
- David Raff & Company
Mission
BRIGHT PROSPECT EMPOWERS FIRST GENERATION LOW-INCOME STUDENTS TO GAIN ADMISSION, TO SUCCEED IN, AND GRADUATE FROM COLLEGES AND UNIVERSITIES BY PROVIDING A COMPREHENSIVE COUNSELING AND SUPPORT SYSTEM THROUGHOUT THEIR HIGH SCHOOL AND COLLEGE YEARS.
Program accomplishments
- BRIGHT PROSPECT ACCEPTS ANY STUDENT WHO WANTS TO JOIN AS OF THE 9TH GRADE. DURING THE 10TH AND 11TH GRADES, THE PROGRAM FOCUSES ON DEVELOPING STUDENTS' SOCIAL AND EMOTIONAL SKILLS FOR COLLEGE. IN THE FALL SEMESTER OF THE 12TH GRADE, STAFF GUIDES STUDENTS TO COMPLETE THEIR COLLEGE AND FINANCIAL AID APPLICATIONS, AND IN THE SPRING HELPS THE STUDENTS AND FAMILIES UNDERSTAND THEIR APPLICATIONS AND PRIOR TO ENTERING COLLEGE THE PROGRAM PREPARES STUDENTS FOR COLLEGE LIFE. WE THEN CONTINUE TO ADVISE AND SUPPORT OUR STUDENTS UNTIL THEY GRADUATE FROM COLLEGE. DURING FISCAL YEAR 2025, BRIGHT PROSPECT SERVED 4,266 STUDENTS, INCLUDING 1,338 MIDDLE AND HIGH SCHOOL SCHOOL TUTORING, 1,210 HIGH SCHOOL STUDENTS AND 1,718 COLLEGE STUDENTS.Expenses $1,937,056
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 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 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-2363234
- 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
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $4,316,068
- Income (IRS master file)
- $2,740,975
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,740,975 | $2,154,479 | $4,316,068 | XML |
| 990 | June 2024 | $1,788,092 | $1,923,981 | $3,723,643 | XML |
| 990 | June 2023 | $2,772,639 | $2,206,317 | $3,795,332 | IRS |
| 990 | June 2022 | $2,662,649 | $1,857,646 | $3,297,264 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 PROSPECT
- What is the EIN of BRIGHT PROSPECT?
- The employer identification number (EIN) of BRIGHT PROSPECT is 52-2363234.
- Is BRIGHT PROSPECT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to BRIGHT PROSPECT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRIGHT PROSPECT 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 PROSPECT 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 PROSPECT 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 PROSPECT?
- The 990 for the year ended June 30, 2025 names BRIAN STATON.
- Who are the officers and directors of BRIGHT PROSPECT?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $176,807 (HOLLY REYNOLDS, Executive Dir.).
- How much revenue does BRIGHT PROSPECT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,740,975, expenses of $2,154,479 and total assets of $4,316,068 at year end.
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