Bright Lights Inc
- Assets
- $1.0m
- Revenue
- $389.2k
- Investments
- $634.9k
- Employees
- 21
- Location
- Lincoln, NE
- Founding
- 06/1988
- Data as of
- 08/2023
- EIN
- 47-0708499
Organization Overview
Bright Lights Inc is located in Lincoln, NE. The organization was established in 1988. As of 08/2023, Bright Lights Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Lights 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 08/2023, Bright Lights Inc generated $389.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $406.0k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF YOUNG PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER ENRICHMENT CLASSES WERE OFFERED TO STUDENTS FROM KINDERGARTEN TO EIGHTH GRADES DURING THE SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Ford Executive Di | Officer | 40 | $71,089 |
Heather Howard President | OfficerTrustee | 2 | $0 |
Kimberly Bilder Vice Preside | OfficerTrustee | 1 | $0 |
Jay Lechner Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Morand-Ackerman Secretary | OfficerTrustee | 1 | $0 |
Betsy Tonniges Past Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,125 |
| Noncash contributions included in lines 1a–1f | $3,548 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,125 |
| Total Program Service Revenue | $264,905 |
| Investment income | $17,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $389,191 |
| 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. | $85,000 |
| Compensation of current officers, directors, key employees. | $21,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,036 |
| Payroll taxes | $14,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,463 |
| Advertising and promotion | $20,135 |
| Office expenses | $11,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,755 |
| 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 | $0 |
| Insurance | $11,587 |
| All other expenses | $8,027 |
| Total functional expenses | $405,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,614 |
| Savings and temporary cash investments | $245,640 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $6,008 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $634,879 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,029 |
| Total assets | $1,022,170 |
| Accounts payable and accrued expenses | $229 |
| 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 | $48,217 |
| Total liabilities | $48,446 |
| Net assets without donor restrictions | $962,060 |
| Net assets with donor restrictions | $11,664 |
| 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 | $1,022,170 |