FOUNDATION FOR BRIGHT FUTURE: Form 990EZ, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR BRIGHT FUTURE (EIN 84-1814680)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-13
- IRS object ID
- 202521339349206467
- Schema version
- 2024v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-13T05:23:44-00:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 463366864 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KG GROUP CPA INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4532 RODERIGO CT | AddressLine1Txt |
| City | FREMONT | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94555 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841814680 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION FOR BRIGHT FUTURE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOUN | BusinessNameControlTxt |
| Phone | 5104491935 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36875 REYNOLDS DR | AddressLine1Txt |
| City | FREMONT | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94536 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MRUNALINI DESAI | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 5104491935 | PhoneNum |
| Signature | 2025-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MADHAVI KALE | PreparerPersonNm |
| PTIN | P00739410 | PTIN |
| Phone | 5104932453 | PhoneNum |
| Preparation | 2025-05-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Website Address | https//www.foundationforbrightfuture.org/ | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $56,793 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $48,610 | ContributionsGiftsGrantsEtcAmt |
| Fundraising Gross Income | $8,183 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $7,781 | SpecialEventsDirectExpensesAmt |
| Special Events Net Income Loss | $402 | SpecialEventsNetIncomeLossAmt |
| Total Revenue | $49,012 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $50,281 | GrantsAndSimilarAmountsPaidAmt |
| Other Expenses Total | $681 | OtherExpensesTotalAmt |
| Total Expenses | $50,962 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$1,950 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $20,719 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $18,769 | NetAssetsOrFundBalancesEOYAmt |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,719 | BOYAmt |
| EOY | $18,769 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,719 | BOYAmt |
| EOY | $18,769 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,719 | BOYAmt |
| EOY | $18,769 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | PROMOTE EDUCATION AMONGST UNDERPRIVILEDGED KIDS | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | GRANT TO TERRE POLICY CENTER FOR FUNDING BALODYAN PROJECT TO PROMOTE EDUCATION FOR UNDER PRIVILEDGED KIDS. | DescriptionProgramSrvcAccomTxt |
| Foreign Grants | Yes (X) | ForeignGrantsInd |
| Program Service Expenses | $50,281 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $50,281 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| SHAILESH SHILWANT | ||
| CEO | 001.00 | $0 |
| MRUNALINI DESAI | ||
| CFO | 001.00 | $0 |
| CHANDANA VEMURI | ||
| SECRETARY | 001.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Tax Imposed Under IRC4911 | $0 | TaxImposedUnderIRC4911Amt |
| Tax Imposed Under IRC4912 | $0 | TaxImposedUnderIRC4912Amt |
| Tax Imposed Under IRC4955 | $0 | TaxImposedUnderIRC4955Amt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MRUNALINI DESAI | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 35875 REYNOLDS DR | AddressLine1Txt |
| City | FREMONT | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94555 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5104491935 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Form720 Filed | false | Form720FiledInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,353 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,465 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $43,062 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $46,078 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $56,793 | CurrentTaxYearAmt |
| Total | $189,751 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,353 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,465 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $43,062 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $46,078 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $56,793 | CurrentTaxYearAmt |
| Total | $189,751 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $189,751 | PublicSupportTotal170Amt |
| Total Support | $189,751 | TotalSupportAmt |
| Public Support CY170 | 1.00000 | PublicSupportCY170Pct |
| Public Support PY170 | 1.00000 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | MUSICAL EVENT | Event1Nm |
| Gross Receipts Event1 | $8,183 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $8,183 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $3,280 | RentFacilityCostsEvent1Amt |
| Entertainment Event1 | $4,501 | EntertainmentEvent1Amt |
| Gross Receipts Total | $8,183 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $8,183 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $3,280 | RentFcltyCostsTotalEventsAmt |
| Entertainment Total Events | $4,501 | EntertainmentTotalEventsAmt |
| Direct Expense Summary Events | $7,781 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $402 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990-EZ, Part I, Line 10, Grants Paid | Activity GRANTS PAID, Grantee TERRE POLICY CENTER 207 SIDHARTH TOWERS, KOTHRUD PUNE India, Cash Grant 50,281, Relationship |
| Form 990-EZ, Part I, Line 16, Other Expenses | Supplies 115 |
| Form 990-EZ, Part I, Line 16, Other Expenses | Bank fees 75 |
| Form 990-EZ, Part I, Line 16, Other Expenses | Paypal fees 366 |
| Form 990-EZ, Part I, Line 16, Other Expenses | Filing Fees 25 |
| Form 990-EZ, Part I, Line 16, Other Expenses | Annual Event expenses 100 |
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