Bright Mountain Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOULDER, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $386K in total assets. In 2024, it awarded 5 grants totaling $65K. Net investment income was $8K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$386K
-6.2% YoY
Annual Giving
$65K
-19.8% YoY
Grant Count
5
-28.6% YoY
Avg Grant Size
$13K
+12.3% YoY
Under IRS private-foundation payout rules, Bright Mountain Foundation reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.
About Bright Mountain Foundation
Based on IRS filings
Bright Mountain Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOULDER, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $386K in total assets. In 2024, it awarded 5 grants totaling $65K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $386,279 | $411,628 | $471,574 |
| Revenue | $7,505 | $7,474 | $1,937 |
| Expenses | $89,602 | $106,142 | $105,068 |
| Qualifying Distributions | $85,819 | $102,288 | $98,418 |
| Net Investment Income | $7,731 | $7,017 | $2,398 |
| Distributable Amount | $21,075 | $22,887 | $28,657 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Colorado Health Network ($15,000), Care and Share Food Bank ($15,000), Latino Community Foundation of Colo ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY RESOURCE CENTER DENVER, CO | GEN OPER - STRENGTHEN CO COMMUNITIES | $10,000 |
| COLORADO HEALTH NETWORK DENVER, CO | GEN OPER-HIV PREVENT, CARE, ADVOCACY | $15,000 |
| BLUE SKY BRIDGE BOULDER, CO | GEN OPER SUPPORT - CHILDREN VICTIMS | $10,000 |
| CARE AND SHARE FOOD BANK COLORADO SPRINGS, CO | GEN OPER-FOOD FOR CHILDREN,FAMILIES | $15,000 |
| LATINO COMMUNITY FOUNDATION OF COLO DENVER, CO | GEN OPER - AYUDA (REFUGEES ASSIST) | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEONARD P WESSELL | PRESIDENT | 2 | — |
| AMY P WESSELL | DIRECTOR | 2 | — |
| TONY TAPIA | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bright Mountain Foundation?
Bright Mountain Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOULDER, CO. It holds $386K in total assets as of 2024.
How large is Bright Mountain Foundation?
As of 2024, Bright Mountain Foundation holds $386K in total assets with $8K in annual revenue. It awarded 5 grants totaling $65K in 2024.
Where does Bright Mountain Foundation operate?
Bright Mountain Foundation has awarded grants in Colorado.
What size grants does Bright Mountain Foundation award?
In 2024, Bright Mountain Foundation awarded 5 grants totaling $65K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Bright Mountain Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bright Mountain Foundation reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bright Mountain Foundation's EIN?
Bright Mountain Foundation's EIN (Employer Identification Number) is 84-1524099. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bright Mountain Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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