Bright Star Schools
- Assets
- $111.1m
- Revenue
- $70.6m
- Investments
- $0.0
- Employees
- 590
- Location
- Los Angeles, CA
- Founding
- 03/2004
- Data as of
- 06/2022
- EIN
- 55-0806673
Organization Overview
Bright Star Schools is located in Los Angeles, CA. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Bright Star Schools employed 590 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Star Schools 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 06/2022, Bright Star Schools generated $70.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $62.0m during the year ending 06/2022. While expenses have increased by 9.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPEN THE MINDS AND DOORS OF STUDENTS BY PROVIDING A COLLEGE-PREPARATORY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC CHARTER ELEMENTARY SCHOOL: TWO ARE TK-4, ONE IS TK-5. 3 MIDDLE SCHOOLS TWO 5-8 AND ONE 6-8 GRADES. THREE HIGH SCHOOLS GRADES 9-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manny Aceves Member | Trustee | 2 | $0 |
Dora Dome Member | Trustee | 2 | $0 |
Andrew Murr Chairman | OfficerTrustee | 2 | $0 |
James Mc Grath Member | Trustee | 2 | $0 |
Stephen Green Member | Trustee | 2 | $0 |
Marisol Leon Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
George Alfaro Construction | 6/29/21 | $157,219 |
Zebib Habte Accounting Services | 6/29/21 | $134,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,857,354 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,778,703 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,636,057 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $70,636,057 |
| 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. | $918,084 |
| Compensation of current officers, directors, key employees. | $677,413 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,187,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,457,818 |
| Payroll taxes | $6,598,645 |
| Fees for services: Management | $1,403,533 |
| Fees for services: Legal | $286,928 |
| 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 | $5,349,081 |
| Advertising and promotion | $322,045 |
| Office expenses | $571,229 |
| Information technology | $1,425,013 |
| Royalties | $0 |
| Occupancy | $5,956,407 |
| Travel | -$1,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,093 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $483,238 |
| Insurance | $490,604 |
| All other expenses | $1,093,628 |
| Total functional expenses | $61,975,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,105,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,495,553 |
| 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 | $1,742,459 |
| Net Land, buildings, and equipment | $51,082,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,665,292 |
| Total assets | $111,091,804 |
| Accounts payable and accrued expenses | $4,296,400 |
| Grants payable | $0 |
| Deferred revenue | $80,558,661 |
| 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 | $165,302 |
| Total liabilities | $85,020,363 |
| Net assets without donor restrictions | $26,071,441 |
| Net assets with donor restrictions | $0 |
| 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 | $111,091,804 |