Bright Blessings
- Assets
- $207.1k
- Revenue
- $731.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Matthews, NC
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 35-2324487
Organization Overview
Bright Blessings is located in Matthews, NC. The organization was established in 2008. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Bright Blessings employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Blessings 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 12/2021, Bright Blessings generated $731.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $752.3k during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING JOY, CARE, COMFORT AND HOPE TO HOMELESS AND IMPOVERISHED CHILDREN BY MOBILIZING COMMUNITY VOLUNTEERS OR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLESS-A-BABY: PROVIDES MOTHERS OF NEWBORN CHILDREN A BASKET WITH DIAPERS, FORMULA, WIPES, STUFFED ANIMALS AND BOTTLES.
BLESS-A-BIRTHDAY: PROVIDE BIRTHDAY CELEBRATIONS AND ENRICHMENT PROGRAMS AT LOCAL AREA SHELTERS OFFERING PRESENTS, ACTIVITIES, FOOD, GOODIE BAGS, CAKE AND JUICE. EACH CHILD RECEIVES TWO NEW BOOKS AS A PART OF THE GIFT OF LITERACY PROGRAM OR A CHILD RECEIVES AN ANONYMOUS BIRTHDAY CELEBRATION PROVIDING A GIFT, BIRTHDAY SNACK BAG TO ELEMENTARY STUDENTS. THE PROGRAM ALSO PROVIDES HYGIENE SETS ALONG WITH A "PARTY-TO-GO" SO THAT MIDDLE AND HIGH SCHOOL STUDENTS CAN CELEBRATE WITH THEIR FAMILIES. EACH BIRTHDAY CHILD RECEIVES A BLANKET AND CRITICAL CARE ITEMS FOR HYGIENE.
GIFT OF CARE: PROVIDE HYGIENE KITS AND GIFTS OF CARE FOR HOMELESS AND IMPOVERISHED STUDENTS. ALSO, BRIGHT BLESSINGS PROVIDES SNACKS, BACKPACKS AND STUFFED ANIMALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tisha Margraves Executive Director | Officer | 40 | $66,538 |
Russell Norris Chairperson | OfficerTrustee | 5 | $0 |
John Cervantes Treasurer | OfficerTrustee | 5 | $0 |
Joclyn Balanda Vice-Chairperson | OfficerTrustee | 5 | $0 |
Brianna Mcrae Secretary | OfficerTrustee | 0 | $0 |
Tim Moreau Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,967 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $668,777 |
| Noncash contributions included in lines 1a–1f | $261,570 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $731,744 |
| Total Program Service Revenue | $0 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $731,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,147 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,848 |
| Office expenses | $23,561 |
| Information technology | $7,775 |
| Royalties | $0 |
| Occupancy | $113,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,484 |
| Insurance | $7,413 |
| All other expenses | $5,473 |
| Total functional expenses | $752,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,541 |
| Savings and temporary cash investments | $114,494 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,799 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,070 |
| Accounts payable and accrued expenses | -$1,291 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | -$1,291 |
| Net assets without donor restrictions | $167,584 |
| Net assets with donor restrictions | $40,777 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $207,070 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bright Blessings has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Lowrance Family Foundation Charlotte, NC PURPOSE: GENERAL PURPOSE SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Task Force For Global Health Inc Decatur, GA | $76,441,049 | $81,653,857 |
The Accreditation Commission For Health Care Inc Cary, NC | $50,991,539 | $43,469,636 |
Alexander Youth Network Charlotte, NC | $13,951,988 | $30,286,385 |
Childrens Home Society Of North Carolina Inc Greensboro, NC | $19,407,050 | $27,175,677 |
Multi-Agency Alliance For Children Inc Atlanta, GA | $6,206,757 | $24,674,386 |
Port Health Services Greenville, NC | $13,234,691 | $26,221,937 |
Virginia Baptist Childrens Home And Family Services Salem, VA | $22,485,858 | $18,159,448 |
Black Mountain Home For Children Youth & Families Inc Black Mountain, NC | $24,547,836 | $8,011,871 |
Safe Harbor Childrens Center Inc Brunswick, GA | $5,121,939 | $4,772,587 |
Wings For Kids Charleston, SC | $5,282,817 | $5,572,457 |
The Relatives Inc Charlotte, NC | $10,931,740 | $4,539,986 |
Charleston Orphan House Inc North Charleston, SC | $5,350,483 | $3,841,740 |