Bright School Inc is located in Chattanooga, TN. The organization was established in 1951. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 05/2022, Bright School Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright School 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 05/2021, Bright School Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $5.6m during the year ending 05/2021. While expenses have increased by 2.3% 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
BUILDING A FOUNDATION UPON WHICH STUDENTS BECOME WISE & COMPASSIONATE CITIZENS OF THE WORLD. THE SCHOOL FOSTERS THE INTELLECTUAL, ARTISTIC, PHYSICAL, AND MORAL GROWTH OF YOUNG BOYS & GIRLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EXCELLENT EDUCATIONAL INSTRUCTION FOR ELEMENTARY AGE BOYS AND GIRLS
MAINTENANCE
SUMMER SCHOOL AND OTHER PROGRAMS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kristin Watts Head Of School | Officer | 40 | $92,342 |
Betsey Kates Chair | OfficerTrustee | 2 | $0 |
Henry Aldridge Trustee | Trustee | 2 | $0 |
John Bode Trustee | Trustee | 2 | $0 |
Kamri Busby Trustee | Trustee | 2 | $0 |
Philip Byrum Trustee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,745,685 |
Investment income | $151,128 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $234,694 |
Net Income from Fundraising Events | $46,023 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,317,558 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $369,394 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $170,677 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,644,780 |
Pension plan accruals and contributions | $107,407 |
Other employee benefits | $207,856 |
Payroll taxes | $224,076 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,079 |
Fees for services: Accounting | $25,492 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $8,608 |
Advertising and promotion | $72,374 |
Office expenses | $27,295 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $153,442 |
Travel | $25,494 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $98 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $294,271 |
Insurance | $73,781 |
All other expenses | $0 |
Total functional expenses | $5,563,810 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,333,621 |
Savings and temporary cash investments | $4,506,204 |
Pledges and grants receivable | $755,331 |
Accounts receivable, net | $55,157 |
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 |
Investments—publicly traded securities | $0 |
Investments—other securities | $7,179,668 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $19,691,332 |
Accounts payable and accrued expenses | $608,813 |
Grants payable | $0 |
Deferred revenue | $459,089 |
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 | $1,067,902 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $18,623,430 |
Over the last fiscal year, we have identified 4 grants that Bright School Inc has recieved totaling $109,601.
Awarding Organization | Amount |
---|---|
Chattanooga Christian Community Foundation Chattanooga, TN PURPOSE: IN FURTHERANCE OF FOUNDATION'S PURPOSES | $51,600 |
Tucker Foundation Ooltewah, TN PURPOSE: GENERAL SUPPORT | $50,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: LAND, BUILDING, AND EQUIPMENT | $7,655 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $346 |
Beg. Balance | $7,251,141 |
Earnings | -$172,480 |
Net Contributions | $98,740 |
Other Expense | $184,148 |
Ending Balance | $6,993,253 |
Organization Name | Assets | Revenue |
---|---|---|
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Washington County Opportunities Inc Greenville, MS | $2,892,910 | $12,059,595 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |