Bright School Pre-School For The Hearing Impaired
- Assets
- $1.4m
- Revenue
- $548.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Metairie, LA
- Founding
- 06/1961
- Data as of
- 06/2022
- EIN
- 72-0538259
Organization Overview
Bright School Pre-School For The Hearing Impaired is located in Metairie, LA. The organization was established in 1961. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Bright School Pre-School For The Hearing Impaired employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright School Pre-School For The Hearing Impaired 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 06/2022, Bright School Pre-School For The Hearing Impaired generated $548.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $452.9k during the year ending 06/2022. While expenses have increased by 13.8% 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
THE BRIGHT SCHOOL IS A NON-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF LOUISIANA WHICH PROVIDES EDUCATIONAL PROGRAM SERVICES TO HEARING IMPAIRED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE-SCHOOL FOR HEARING IMPAIRED CHILDREN: STUDENTS - 24;ADULT - 40 (PARENT COUNSELING); TOTAL SERVED - 64
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Frantz Executive Director | OfficerTrustee | 40 | $89,300 |
Tim Bright President | OfficerTrustee | 0 | $0 |
Marion Bright Board Member | Trustee | 0 | $0 |
Cleland Powell Board Member | Trustee | 0 | $0 |
Edmund Redd Board Member | Trustee | 0 | $0 |
Michael White Vice-President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,055 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $378,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,281 |
| Total Program Service Revenue | $55,605 |
| Investment income | $110,466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,172 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $548,161 |
| 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. | $89,300 |
| Compensation of current officers, directors, key employees. | $7,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,219 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $56,453 |
| Fees for services: Investment Management | $10,759 |
| Fees for services: Other | $27,073 |
| Advertising and promotion | $0 |
| Office expenses | $3,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,099 |
| 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 | $10,820 |
| Insurance | $6,426 |
| All other expenses | $8,130 |
| Total functional expenses | $452,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $74,102 |
| Accounts receivable, net | $0 |
| 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 | $3,928 |
| Net Land, buildings, and equipment | $44,985 |
| Investments—publicly traded securities | $1,235,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,403,699 |
| Accounts payable and accrued expenses | $17,323 |
| 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 | $17,323 |
| Net assets without donor restrictions | $1,303,502 |
| Net assets with donor restrictions | $82,874 |
| 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 | $1,403,699 |