Bright Life Farms Inc
- Assets
- $2.1m
- Revenue
- $664.6k
- Investments
- $0.0
- Employees
- 30
- Location
- Kuttawa, KY
- Founding
- 11/1999
- Data as of
- 03/2022
- EIN
- 61-1352930
Organization Overview
Bright Life Farms Inc is located in Kuttawa, KY. The organization was established in 1999. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 03/2022, Bright Life Farms Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Life Farms 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 Life Farms Inc generated $664.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $631.0k during the year ending 03/2022. While expenses have increased by 5.0% 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
ASSISTED LIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOMES FOR MENTALLY AND/OR PHYSICALLY CHALLENGED ADULTS WHO ARE CARED FOR AND TRAINED TO BE ABLE TO DO TASKS TO MAKE THEM MORE SELF-SUFFICIENT SUCH AS PERSONAL HYGIENE AND SIMPLE HOUSEHOLD TASKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Robertson President | Officer | 30 | $0 |
Don Robertson Secretary | Officer | 1 | $0 |
Dwayne Vinson Vice President | Officer | 2 | $0 |
Lester Watson Board Member | Trustee | 5 | $0 |
Toni Watson Board Member | Trustee | 0 | $0 |
Mike Boyd Board Member | Trustee | 0 | $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 | $283,589 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,589 |
| Total Program Service Revenue | $367,998 |
| Investment income | $9,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,331 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $664,639 |
| 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 | $343,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,730 |
| Payroll taxes | $27,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,861 |
| Advertising and promotion | $0 |
| Office expenses | $719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,764 |
| 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 | $75,174 |
| Insurance | $41,491 |
| All other expenses | $3,506 |
| Total functional expenses | $631,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $511,805 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $209 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,614,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,126,515 |
| Accounts payable and accrued expenses | $4,369 |
| 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 | $4,369 |
| Net assets without donor restrictions | $860,244 |
| Net assets with donor restrictions | $1,261,902 |
| 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 | $2,126,515 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bright Life Farms Inc has recieved totaling $38,998.
| Awarding Organization | Amount |
|---|---|
Robert & Evelyn Hewlett Morgan Family Foundation Inc Princeton, KY PURPOSE: FINANCIAL AID - FRONT PORCH ON RESIDENTIAL QUARTERS | $20,000 |
Honorable Order Of Kentucky Colonels Inc Louisville, KY PURPOSE: GENERAL SUPPORT | $9,499 |
Honorable Order Of Kentucky Colonels Inc Louisville, KY PURPOSE: GENERAL SUPPORT | $9,499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Great Circle St James, MO | $68,390,614 | $85,036,631 |
Ucan Chicago, IL | $65,133,111 | $44,926,941 |
Christian Care Communities Inc Louisville, KY | $83,402,839 | $39,447,588 |
Little City Foundation Inverness, IL | $34,035,732 | $37,584,662 |
Childrens Home Of Cincinnati Ohio Inc Cincinnati, OH | $65,897,298 | $40,090,386 |
Allendale Association Inc Lake Villa, IL | $23,456,439 | $27,684,203 |
Villages Of Indiana Inc Bloomington, IN | $7,944,114 | $29,918,682 |
Lawrence Hall Chicago, IL | $44,677,389 | $23,759,587 |
Chapin Hall Center For Children Chicago, IL | $55,502,225 | $23,908,514 |
St Josephs Villa Richmond, VA | $27,428,777 | $22,658,558 |
Little Friends Inc Warrenville, IL | $18,391,255 | $20,140,432 |
Choices In Community Living Inc Dayton, OH | $6,688,376 | $16,920,759 |