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Nonprofit · EIN 99-1534097

BAY AREA BRIGHT FUTURES FOUNDATION

Tax-exempt · SAN FRANCISCO, CA 94111

Financials

$409K$202K2024
Revenue Expenses · by fiscal year end
Financials of BAY AREA BRIGHT FUTURES FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$408,799$201,838$206,961$210,961$4,000$206,961
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$337,244
Program service revenue
$0
Investment income
$1,655
Net gain from sales of assets
$5
Net income from fundraising events
$69,900
Other revenue
$69,900

Expenses

Grants and similar amounts paid
$191,780
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Occupancy
$4,000
Program services (functional)
$201,628
Management and general (functional)
$210

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$210,961
Total liabilities, end of year
$4,000
Net assets, end of year
$206,961
Publicly traded securities
$139,090
Net assets without donor restrictions
$206,961
Gross receipts
$423,899
Employees
0
Year formed
2024
State of legal domicile
DE

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
William WangPresident
Trustee or director
1$0
Taylor ChoiSecretary
Trustee or director
1$0
Jacob MizrahiDirector
Trustee or director
1$0
Derek SmithDirector
Trustee or director
1$0
Brandon ChildDirector
Trustee or director
1$0
Patrick HanlonVice President
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1 EMBARCADERO CENTER 39TH FLOOR, SAN FRANCISCO, CA 94111-3714
Principal officer (990 for 2024)
Olivia Stobo
Signed the 990
Olivia Stobo, President
Return prepared by
Delagnes Mitchell & Linder LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 99-1534097 or by the name BAY AREA BRIGHT FUTURES FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

The Foundation's mission is to support, enrich, and advance underserved community members, with a particular emphasis on youth in the San Francisco Bay Area.

990 for the year ended December 31, 2024

Program accomplishments

  • The Foundation incurred expenses in carrying out its mission of supporting, enriching, and advancing underserved community members, with a particular emphasis on youth in the San Francisco Bay Area
    Expenses $201,628

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
99-1534097
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$210,961
Income (IRS master file)
$423,899

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$408,799$201,838$210,961XML

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 99-1534097).

Questions about BAY AREA BRIGHT FUTURES FOUNDATION

What is the EIN of BAY AREA BRIGHT FUTURES FOUNDATION?
The employer identification number (EIN) of BAY AREA BRIGHT FUTURES FOUNDATION is 99-1534097.
Is BAY AREA BRIGHT FUTURES FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to BAY AREA BRIGHT FUTURES FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BAY AREA 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 BAY AREA BRIGHT FUTURES FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BAY AREA BRIGHT FUTURES FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BAY AREA BRIGHT FUTURES FOUNDATION?
The 990 for the year ended December 31, 2024 names Olivia Stobo.
Who are the officers and directors of BAY AREA BRIGHT FUTURES FOUNDATION?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does BAY AREA BRIGHT FUTURES FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $408,799, expenses of $201,838 and total assets of $210,961 at year end.

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