Bright School Inc

Organization Overview

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.

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


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Board, Officers & Key Employees

Name (title)Compensation
Kristin Watts
Head Of School
$92,342
Betsey Kates
Chair
$0
Henry Aldridge
Trustee
$0
John Bode
Trustee
$0
Kamri Busby
Trustee
$0
Philip Byrum
Trustee
$0

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Bright School Inc has recieved totaling $109,601.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,251,141
Earnings-$172,480
Net Contributions$98,740
Other Expense$184,148
Ending Balance$6,993,253

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