Building Bright Futures State Advisory Council
Nonprofit profile at a glance
- EIN
- 452392293
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Williston, VT, USA
- Phone
- 8028765010
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $5,433,103
- Expenses
- $5,163,694
- Assets
- $2,538,054
- Liabilities
- $1,213,068
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Highest reported compensation
- MORGAN CROSSMAN (EXECUTIVE DI): $139,095 total reported compensation
- BETH TRUZANSKY (DEPUTY DIREC): $130,875 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the well-being of children and families in Vermont by using evidence to inform policy and bringing voices together to discuss critical challenges and problem-solve.
What it reported doing in 2024
Bbf statewide structure and programs regional councils: bbf supports 12 regional councils that work locally to identify gaps, share best practices, strategize, and support response to community issues through their regional action plans. Regional councils also create community engagement opportunities to foster positive change for young children. Regional councils elevate local voice and advise the bbf state advisory council (sac) on local issues, needs, and bright spots to strengthen both local and state-wide early childhood systems. Vermont's early childhood action plan (ecap) & 7 aligned committees: bbf serves as steward of the ecap by convening partners to set annual priorities, monitoring progress, and reporting in a results based accountability format. The ecap represents our common goals for Vermont's children and families, and creates a pathway for collective action and informing the sac. State advisory council (sac): the sac was created to advise the governor, administration and legislature on early care, health, and education. It brings together early childhood leaders and decision makers from across sectors for systems-level discussions on how to better coordinate and enhance services for young children. Vermont insights & how are Vermont's young children and families (havyc) report: the goal of Vermont insights (vi) and the report are to use the most up-to-date, high quality data to inform policy. Havyc is an annual publication of bbf that includes indicators of the well-being for children and families across Vermont. Vi is an online interactive website where users can find and use data about the well-being of Vermont's children, families and communities, including indicators from havyc.
Operating model
- Revenue model
- Grant-funded. 92% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 94
- Accountability: 91
- Sustainability: 37
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.9%; rating input score 84
- Program expense ratio: 88.2%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.8%; rating input score 100; 40th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.49; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 5.2%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: -0.2% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 83.9% of revenue deployed · 88.2% of spending went to programs
- Governance: 23 of 23 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.6M in reported program spending
- Leadership: top reported pay $139K · 28 people listed
- Highest-paid contractors: 2 contractors listed · $310K reported
- Consistency: 34 of 34 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 58 filed money-flow records
- Related organizations: 56 filed related-organization links
- 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 — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.