Brightstone Inc
- Assets
- $23.2m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 34
- Location
- Franklin, TN
- Founding
- 10/1999
- Data as of
- 12/2023
- 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 12/2023, Brightstone Inc employed 34 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 12/2023, Brightstone Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 11.7% per year over the past 9 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
2023
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 |
|---|---|---|---|
Lee Rose Ceo/presiden | OfficerTrustee | 4 | $123,909 |
Mike Cairnes Chairman | OfficerTrustee | 1.2 | $0 |
Don Stinnett Secetary | OfficerTrustee | 3.85 | $0 |
Becky Harrell Treasurer | OfficerTrustee | 5.77 | $0 |
Dr Ian Byram Director | Trustee | 0.4 | $0 |
Robert Carroll Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $448,853 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,838,963 |
| Noncash contributions included in lines 1a–1f | $82,232 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,287,816 |
| Total Program Service Revenue | $478,403 |
| Investment income | $8,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$8,945 |
| Net Gain/Loss on Asset Sales | -$6,843 |
| Net Income from Fundraising Events | $9,647 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,770,458 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,613 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,909 |
| Compensation of current officers, directors, key employees. | $14,518 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,213,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,912 |
| Payroll taxes | $95,576 |
| 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 | $16,266 |
| Advertising and promotion | $0 |
| Office expenses | $63,345 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $221,186 |
| Travel | $26,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $145,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371,684 |
| Insurance | $0 |
| All other expenses | $62,205 |
| Total functional expenses | $2,682,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,023 |
| Savings and temporary cash investments | $2,065,305 |
| Pledges and grants receivable | $1,516,119 |
| Accounts receivable, net | $19,911 |
| 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 | $60,405 |
| Net Land, buildings, and equipment | $17,712,716 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,571,878 |
| Total assets | $23,207,357 |
| Accounts payable and accrued expenses | $65,179 |
| Grants payable | $0 |
| Deferred revenue | $22,896 |
| 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 | $1,268,491 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,356,566 |
| Net assets without donor restrictions | $19,776,628 |
| Net assets with donor restrictions | $2,074,163 |
| 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 | $23,207,357 |