Bright Foundation Inc
- Assets
- $24.4k
- Revenue
- $7.9k
- Investments
- $20.5k
- Employees
- 0
- Location
- Summersville, WV
- Founding
- 03/2006
- Data as of
- 03/2022
- EIN
- 20-2851942
Organization Overview
Bright Foundation Inc is located in Summersville, WV. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Bright Foundation Inc generated $7.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $7.3k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bright Foundation Inc has awarded 73 individual grants totaling $145,700. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A-THE FOUNDATION HAD NO DIRECT CHARITABLE ACTIVITIES DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Bright Campf Director/president | 0.5 | $0 | |
Patricia B Bright Director/vp | 0.5 | $0 | |
Sara T Bright Director | 0 | $0 | |
Elizabeth M Bright Director | 0 | $0 | |
Darren M Campf Director/secretary | 0 | $0 | |
William T Bright Director/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,809 |
| Capital Gain Net Income | $1,809 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,881 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $73 |
| Contributions, gifts, grants paid | $7,250 |
| Total expenses and disbursements | $7,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,869 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,535 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,404 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bright Foundation Inc has awarded $16,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
JONATHAN SWEENEY JR PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $3,750 |
TAYLOR BROWN PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $2,500 |
TAYLOR BROWN PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $1,250 |
OLIVIA CARPENTER PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $1,250 |
JONATHAN SWEENEY JR PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $1,250 |
OLIVIA CARPENTER PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $1,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Independence Blue Cross Foundation Philadelphia, PA | $149,853,954 | $24,274,350 |