Brightstone Inc
- Assets
- $17.0m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 27
- Location
- Franklin, TN
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 62-1783260
Organization Overview
Brightstone Inc is located in Franklin, TN. The organization was established in 1999. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2021, Brightstone Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brightstone 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 12/2021, Brightstone Inc generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 3.6% 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
BRIGHTSTONE IS A RESOURCE IN THE COMMUNITY FOUNDED TO PROVIDE FOR THE MULTIPLE NEEDS OF ADULTS WHO ARE DEVELOPMENTALLY DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A COMPREHENSIVE WORK, EDUCATIONAL AND SOCIAL SUPPORT COMMUNITY FOR ADULTS WITH SPECIAL NEEDS, EXPANDING THEIR POTENTIAL AND HELPING THEM DEVELOP MENTALLY, PHYSICALLY, EMOTIONALLY, SOCIALLY AND SPIRITUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Hauk President / | OfficerTrustee | 60 | $30,000 |
Kevin Gabhart Secetary | OfficerTrustee | 0.77 | $0 |
Mike Cairnes Chairman | OfficerTrustee | 2.1 | $0 |
Jerry Rooker Treasurer | OfficerTrustee | 1.9 | $0 |
Terry Bridges Director | Trustee | 0.42 | $0 |
Dr Ian Byram Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $343,477 |
| Related organizations | $0 |
| Government grants | $155,616 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,896,119 |
| Noncash contributions included in lines 1a–1f | $978,387 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,395,212 |
| Total Program Service Revenue | $238,800 |
| Investment income | $8,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$54,834 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,287 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,607,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,054 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $767,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,417 |
| Payroll taxes | $56,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $8,007 |
| Advertising and promotion | $0 |
| Office expenses | $28,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,101 |
| Travel | $19,188 |
| 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 | $75,632 |
| Insurance | $0 |
| All other expenses | $22,309 |
| Total functional expenses | $1,274,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,751 |
| Savings and temporary cash investments | $5,089,830 |
| Pledges and grants receivable | $1,856,565 |
| Accounts receivable, net | $119 |
| 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 | $3,645 |
| Net Land, buildings, and equipment | $1,866,144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,793,761 |
| Total assets | $17,022,815 |
| Accounts payable and accrued expenses | $554,739 |
| Grants payable | $0 |
| Deferred revenue | $27,232 |
| 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 | $178,307 |
| Other liabilities | $0 |
| Total liabilities | $760,278 |
| Net assets without donor restrictions | $11,238,372 |
| Net assets with donor restrictions | $5,024,165 |
| 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 | $17,022,815 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brightstone Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Gerald W And Mary Ann Phillips Family Charitable Foundation Franklin, TN PURPOSE: HELPING ADULTS WITH SPECIAL NEEDS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Paths Training School Inc Dumfries, VA | $29,662,762 | $20,489,291 |
Currey Ingram Academy Brentwood, TN | $68,664,811 | $19,766,895 |
The Faison Center Inc Richmond, VA | $62,568,652 | $21,070,606 |
Cares Center Inc Jackson, MS | $2,449,159 | $17,114,688 |
The Howard School Inc Atlanta, GA | $46,587,964 | $14,630,236 |
Schenck School Inc Atlanta, GA | $49,204,547 | $13,089,821 |
Virginia Episcopal School Lynchburg, VA | $42,343,812 | $12,608,124 |
Baconton Parents And Citizens For Better Education Inc Baconton, GA | $6,989,998 | $13,118,266 |
The Elizabeth Richardson Center Inc Fayetteville, AR | $5,939,188 | $10,158,731 |
Kings Daughters School Of Maury County Tennessee Columbia, TN | $22,315,744 | $10,828,649 |
The Fletcher School Inc Charlotte, NC | $32,973,110 | $9,343,096 |
Mill Springs Academy Inc Alpharetta, GA | $16,639,612 | $7,597,542 |