Nonprofit · EIN 46-2109112
BRIGHT FUNDS FOUNDATION
Tax-exempt · SAN JOSE, CA 95153
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $25,639,675 | $22,261,639 | $3,378,036 | $10,834,060 | $5,024,690 | $5,809,370 |
| December 31, 2023 | 990 | $85,703,644 | $83,907,973 | $1,795,671 | $21,258,588 | $6,627,934 | $14,630,654 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,501,636
- Program service revenue
- $0
- Investment income
- $110,882
- Other revenue
- $27,157
Expenses
- Grants and similar amounts paid
- $21,301,298
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $88,000
- Program services (functional)
- $22,054,193
- Management and general (functional)
- $207,446
Balance sheet and other
- Total assets, start of year
- $21,258,588
- Total assets, end of year
- $10,834,060
- Total liabilities, end of year
- $5,024,690
- Net assets, end of year
- $5,809,370
- Net assets without donor restrictions
- $5,809,370
- Gross receipts
- $25,639,675
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SRINAGESH VITTHALANA | President Trustee or director, Officer | 3 | $0 |
| ANDREW FLACHNER | SECRETARY Trustee or director, Officer | 3 | $0 |
| CLIFF GOLDSTEIN | TREASURER Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SRINAGESH VITTHALANA | President Trustee or director, Officer | 3 | $0 |
| ANDREW FLACHNER | Secretary Trustee or director, Officer | 3 | $0 |
| CLIFF GOLDSTEIN | Treasurer Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 53125, SAN JOSE, CA 95153-0125
- In care of
- % SRINAGESH VITTHANALA
- Principal officer (990 for 2024)
- SRINAGESH VITTHANALA, PO BOX 53125, SAN JOSE, CA 95153
- Signed the 990
- SRINAGESH VITTHANALA, PRESIDENT
- Phone
- (650) 862-6400
- Website
- WWW.BRIGHTFUNDS.ORG
- Return prepared by
- MILLER KAPLAN ARASE LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 46-2109112 or by the name BRIGHT FUNDS FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
BRIGHT FUNDS FOUNDATION EXISTS TO EMPOWER PEOPLE TO BE MEANINGFUL, EFFECTIVE, AND ENGAGED PHILANTHROPISTS.
Program accomplishments
- THE FOUNDATION PROVIDES A PLATFORM FOR SUPPORTING CHARITABLE PROGRAMS, CHARITABLE INITIATIVES, AND CHARITABLE ORGANIZATIONS IN ORDER TO ENHANCE AND IMPROVE THE LIVES OF THOSE IN NEED. TO ACCOMPLISH THESE PURPOSES, IT WILL ENCOURAGE AND FACILITATE ONLINE GIVING OPPORTUNITIES TO AND FOR ALL 501(C)(3) CHARITABLE ORGANIZATIONS WITH THE GOAL OF INCREASING PHILANTHROPY WHILE DECREASING THE COST OF FUNDRAISING AS A WHOLE BY PROVIDING THE PUBLIC WITH STRAIGHTFORWARD AND SECURE WAYS TO DONATE TO, OR VOLUNTEER FOR, THE CHARITY OF THEIR CHOICE, AND TRACK THEIR GIVING THROUGH STATE OF THE ART INTERNET-BASED TOOLS.Expenses $22,054,193 · grants $21,301,298 · revenue $25,501,636
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2109112
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $10,834,060
- Income (IRS master file)
- $25,639,675
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $25,639,675 | $22,261,639 | $10,834,060 | IRS |
| 990 | December 2023 | $85,703,644 | $83,907,973 | $21,258,588 | XML |
| 990 | December 2022 | $69,853,050 | $68,290,248 | $27,273,042 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 46-2109112).
Questions about BRIGHT FUNDS FOUNDATION
- What is the EIN of BRIGHT FUNDS FOUNDATION?
- The employer identification number (EIN) of BRIGHT FUNDS FOUNDATION is 46-2109112.
- Is BRIGHT FUNDS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to BRIGHT FUNDS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRIGHT FUNDS 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 BRIGHT FUNDS 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 BRIGHT FUNDS 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 BRIGHT FUNDS FOUNDATION?
- The 990 for the year ended December 31, 2024 names SRINAGESH VITTHANALA.
- Who are the officers and directors of BRIGHT FUNDS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BRIGHT FUNDS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $25,639,675, expenses of $22,261,639 and total assets of $10,834,060 at year end.
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