Brightbeam Inc
- Assets
- $2.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MI
- Founding
- Data as of
- 12/2023
- EIN
- 85-3504131
Organization Overview
Brightbeam Inc is located in Rochester, MI. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brightbeam 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, Brightbeam Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.4% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRIGHTBEAM SHINES A LIGHT ON THOSE FIGHTING FOR AND PROVIDING A RICH/HIGH-QUALITY/HUMANE EDUCATION FOR OUR NATION'S CHILDREN AND THE BARRIERS THEY FACE. OUR MISSION IS TO INSPIRE AMERICANS TO DEMAND SAFE, AFFIRMING, ACCOUNTABLE EDUCATION OPTIONS WHERE EVERY CHILD LEARNS AND THRIVES. BRIGHTBEAM'S ROLE IS TO INFORM AND IGNITE THIS EMERGING MOVEMENT FOR CHILDHOOD THRIVING AND EDUCATIONAL OPPORTUNITY THROUGH OUR PLATFORMS AND WITH OUR PARTNERS. THROUGH COMPELLING DIGITAL CONTENT, BRIGHTBEAM BUILDS PUBLIC UNDERSTANDING AND SUPPORT FOR OUR EDUCATION ISSUES AND OUR PARTNERS, SPOTLIGHTS STORIES OF GREAT WORK IN ACTION, AND MOVES CITIZENS TO USE THEIR INFLUENCE ON BEHALF OF CHILDHOOD THRIVING AND EDUCATIONAL OPPORTUNITY. AN IMPORTANT MEASURE OF OUR IMPACT IS OUR NETWORK, FROM INDIVIDUALS CONSUMING OUR CONTENT TO ON-THE-GROUND PARTNERS. THAT'S WHY WE HAVE SET A GOAL OF SUPPORTING ONE MILLION AMERICANS IN USING THEIR PERSONAL INFLUENCE TO FIGHT FOR OUR ISSUES AND THOSE OF OUR PARTNERS BY 2025.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERING EDUCATION TO THE PUBLIC THROUGH FORUMS AND DIALOGUE TO DEVELOP BROAD-BASED AND RESEARCH-DRIVEN SOLUTIONS FOR IMPROVING EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Cunningham Chair | OfficerTrustee | 1 | $0 |
Nancy Gutierrez Director | Trustee | 1 | $0 |
Daniel Sellers Director | Trustee | 1 | $0 |
Arne Duncan Director | Trustee | 1 | $0 |
Kati Haycock Director | Trustee | 1 | $0 |
Butch Trusty Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $20,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,753,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,773,967 |
| Total Program Service Revenue | $505,764 |
| Investment income | $36,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,315,971 |
| 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. | $483,144 |
| Compensation of current officers, directors, key employees. | $246,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $632,115 |
| Pension plan accruals and contributions | $6,713 |
| Other employee benefits | $109,533 |
| Payroll taxes | $77,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,152 |
| Fees for services: Accounting | $69,879 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $788,206 |
| Advertising and promotion | $48,605 |
| Office expenses | $38,628 |
| Information technology | $102,031 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,624 |
| Insurance | $10,469 |
| All other expenses | $3,903 |
| Total functional expenses | $2,431,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,401,108 |
| Pledges and grants receivable | $143,750 |
| Accounts receivable, net | $64,767 |
| 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 | $14,286 |
| Net Land, buildings, and equipment | $8,722 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,632,633 |
| Accounts payable and accrued expenses | $74,698 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $157,670 |
| Total liabilities | $242,368 |
| Net assets without donor restrictions | $742,276 |
| Net assets with donor restrictions | $1,647,989 |
| 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 | $2,632,633 |