Protect democracy, support independent journalism. Fall Member Drive deadline: Friday
Donate Now
Skip to content
ProPublica Donate
ProPublica Donate

Bright Funds Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$69.9M (2022)

Expenses
$68.3M (2022)

Total Assets
$27.3M (2022)

Total Liabilities
$3.08M (2022)

Source: Form 990 tax filings from 2013 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$69,853,050
Expenses
$68,290,248
Net Income
$1,562,802
Net Assets
$24,191,447
Notable Sources of Revenue Percent of Total Revenue
Contributions $69,853,050
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,273,042
Total Liabilities $3,081,595
Net Assets $24,191,447
Compensation
Key Employees and Officers Compensation Related Other
Srinagesh Vitthalana (President) $0 $0 $0
Andrew Flachner (Secretary) $0 $0 $0
Cliff Goldstein (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$59,277,249
Expenses
$61,178,901
Net Income
-$1,901,652
Net Assets
$22,745,525
Notable Sources of Revenue Percent of Total Revenue
Contributions $59,277,249
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,418,833
Total Liabilities $673,308
Net Assets $22,745,525
Compensation
Key Employees and Officers Compensation Related Other
Srinagesh Vitthalana (President) $0 $0 $0
Andrew Flachner (Secretary) $0 $0 $0
Cliff Goldstein (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,147,390
Expenses
$62,862,652
Net Income
$7,284,738
Net Assets
$23,306,852
Notable Sources of Revenue Percent of Total Revenue
Contributions $70,147,390
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,270,957
Total Liabilities $1,964,105
Net Assets $23,306,852

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,809,537
Expenses
$36,972,742
Net Income
$3,836,795
Net Assets
$15,835,721
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,809,537
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,383,053
Total Liabilities $547,332
Net Assets $15,835,721
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Srinagesh Vitthalana (President) $0 $0 $0
Andrew Flachner (Secretary) $0 $0 $0
Cliff Goldstein (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,893,921
Expenses
$28,116,540
Net Income
$2,777,381
Net Assets
$11,998,926
Notable Sources of Revenue Percent of Total Revenue
Contributions $30,893,921
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,197,417
Total Liabilities $198,491
Net Assets $11,998,926
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Srinagesh Vitthalana (President) $0 $0 $0
Andrew Flachner (Secretary) $0 $0 $0
Cliff Goldstein (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,718,190
Expenses
$21,068,421
Net Income
$2,649,769
Net Assets
$9,221,545
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,718,190
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,982,523
Total Liabilities $760,978
Net Assets $9,221,545
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ty Walrod (President) $0 $0 $0
Andrew Flachner (Secretary) $0 $0 $0
Cliff Goldstein (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,805,878
Expenses
$6,836,825
Net Income
$4,969,053
Net Assets
$6,571,776
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,805,878
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,781,413
Total Liabilities $209,637
Net Assets $6,571,776
Other
Operated a donor-advised fund
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ty Walrod (President) $0 $0 $0
Andrew Flachner (Secretary) $0 $0 $0
Cliff Goldstein (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,632,464
Expenses
$2,686,391
Net Income
$946,073
Net Assets
$986,885
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,632,464
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,744,736
Total Liabilities $757,851
Net Assets $986,885
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ty Walrod (President) $0 $0 $0
Andrew Flachner (Secretary) $0 $0 $0
Cliff Goldstein (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$215,195
Expenses
$218,881
Net Income
-$3,686
Net Assets
-$1,804
Notable Sources of Revenue Percent of Total Revenue
Contributions $209,195
97.2%
Program Services $6,000
2.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $46,309
Total Liabilities $48,113
Net Assets -$1,804
Compensation
Key Employees and Officers Compensation Related Other
Andrew Flachner (Secretary) $0 $0 $0
Cliff Goldstein (Treasurer) $0 $0 $0
Ty Walrod (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$87,114
Expenses
$85,232
Net Income
$1,882
Net Assets
$1,882
Notable Sources of Revenue Percent of Total Revenue
Contributions $87,114
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1,882
Total Liabilities $0
Net Assets $1,882
Compensation
Key Employees and Officers Compensation Other
Ty Walrod (President) $0 $0
Andrew Flachner (Secretary) $0 $0
Cliff Goldstein (Treasurer) $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »