Brighter Way Institute
- Assets
- $2.0m
- Revenue
- $3.9m
- Investments
- $130.4k
- Employees
- 37
- Location
- Phoenix, AZ
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-1096448
Organization Overview
Brighter Way Institute is located in Phoenix, AZ. The organization was established in 2016. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2023, Brighter Way Institute employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brighter Way Institute 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, Brighter Way Institute generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $4.8m during the year ending 12/2023. 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
BRIGHTER WAY HAS A TRANSFORMATIONAL MISSION TO PROVIDE COMPREHENSIVE ORAL HEALTH CARE FOR VULNERABLE ADULTS, CHILDREN, VETERANS, THOSE EXPERIENCING HOMELESSNESS, AND INDIVIDUALS WITH SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT BRIGHTER WAY INSTITUTE'S DOWNTOWN LOCATION: PROVIDED ORAL HEALTHCARE TO PATIENTS WHO ARE HOMELESS, HOMELESS VETERANS, UNDERINSURED, AND UNINSURED INDIVIDUALS. AT BRIGHTER WAY INSITITUTE'S PARSONS CENTER: PROVIDED COMPREHENSIVE ORAL HEALTHCARE TO UNINSURED AND UNDERINSURED CHILDREN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Volcheck CEO | OfficerTrustee | 40 | $254,738 |
Dave Allazetta Chair | OfficerTrustee | 1 | $0 |
Carlie Clark Vice Chair | OfficerTrustee | 1 | $0 |
Corrie Worth Secretary/treasurer | OfficerTrustee | 1 | $0 |
Terry Araman Director | Trustee | 1 | $0 |
Susan Cordts Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Henry Schein It Support And Maitenance | 12/30/23 | $203,246 |
Exceptional Dental Arts Llc Lab Services | 12/30/23 | $217,844 |
Boys & Girls Club Of Metro Phoenix Management Fees | 12/30/23 | $131,312 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,088 |
| Noncash contributions included in lines 1a–1f | $104,408 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,088 |
| Total Program Service Revenue | $3,507,759 |
| Investment income | $4,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$249 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,898,286 |
| 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. | $509,327 |
| Compensation of current officers, directors, key employees. | $92,617 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,131,450 |
| Pension plan accruals and contributions | $37,607 |
| Other employee benefits | $157,026 |
| Payroll taxes | $224,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $74,328 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,069 |
| Fees for services: Other | $93,082 |
| Advertising and promotion | $38,913 |
| Office expenses | $0 |
| Information technology | $130,587 |
| Royalties | $0 |
| Occupancy | $116,123 |
| Travel | $51,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,226 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,622 |
| Insurance | $42,159 |
| All other expenses | $6,413 |
| Total functional expenses | $4,768,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,963 |
| Savings and temporary cash investments | $56,324 |
| Pledges and grants receivable | $11,856 |
| Accounts receivable, net | $324,824 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,973 |
| Prepaid expenses and deferred charges | $10,086 |
| Net Land, buildings, and equipment | $765,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $130,402 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $198,602 |
| Total assets | $1,981,041 |
| Accounts payable and accrued expenses | $259,032 |
| Grants payable | $0 |
| Deferred revenue | $53,675 |
| 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 | $446,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $198,602 |
| Total liabilities | $957,749 |
| Net assets without donor restrictions | $856,744 |
| Net assets with donor restrictions | $166,548 |
| 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 | $1,981,041 |