Bright Prospects Cooperative Preschool
Nonprofit profile at a glance
- EIN
- 410692220
- IRS 990-EZ coverage
- 2019–2025
- Forms available
- Form 990-EZ 2025
- Location
- Minneapolis, MN, USA
- Phone
- 2627451818
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $109,876
- Expenses
- $101,351
- Assets
- $83,708
- Liabilities
- $76
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- ROSE JAMES (MEMBER CHAIR)
- MARISA FITTERMAN (TEACHER LIASON)
- LAURELYN SANDKAMP (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
State licensed preschool
What it reported doing in 2025
BRIGHT PROSPECTS IS A COOPERATIVE, NONDISCRIMINATORY STATE-LICENSED PRESCHOOL FOR CHILDREN 33 MONTHS TO 5 YEARS. Program Accomplishments for September 2025 - May 2026: We provided preschool education for 23 students during the 2025-2026 school year. Classes were held at the preschools classroom inside Holy Trinity Lutheran Church on weekdays from September through May. This preschool runs on a cooperative model and offers affordable, sliding scale pricing to make it as accessible as possible. We rely on a high level of involvement from teachers and families to make our school great and this year was no different. Each day a family member volunteered in the classroom on a rotating basis. Families also contributed their time and effort to the school through membership meetings, participation on the Board and in committees, participation in volunteer events, and by planning events like the art show, play, and holiday parties. Members also planned opportunities for children and their families to connect outside of school to build community.This year we opened a Simple IRA account for each of our teachers, providing a 3% match to help fund their retirement accounts.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 82
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85%; rating input score 85
- Program expense ratio: 92.2%; rating input score 92
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 7.8%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.83; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 8.8% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 10.1% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 12.2% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 85% of revenue deployed · 92.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $93K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2019 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 51/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.