Civic Intelligence

Bright Star Academy Inc.

990 • Fiscal year 2021 • EIN 26-3196839

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 19, 2022

3050 Oceanside RoadOceanside, NY 11572

(516) 766-5699

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

63rd percentile

20%

Higher net margin than 63% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

66th percentile

$100,073

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

86th percentile

71%

Faster asset growth than 86% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

56%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$755,131

Up $314,264 (+71%) from 2020

Net Assets

Up

$753,906

Up $560,538 (+290%) from 2020

Liabilities

Down

$1,225

Down $246,274 (-100%) from 2020

Revenue

Up

$1,519,061

Up $542,951 (+56%) from 2020

Expenses

Up

$1,208,209

Up $235,140 (+24%) from 2020

Net Income

Up

$310,852

Up $307,811 (+10122%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2015: $134,011Liabilities 2015: $29,827Net Assets 2015: $104,1842015Assets 2016: $114,817Liabilities 2016: $169,831Net Assets 2016: -$55,0142016Assets 2017: $116,134Liabilities 2017: $9,737Net Assets 2017: $106,3972017Assets 2018: $213,027Liabilities 2018: $6,471Net Assets 2018: $206,5562018Assets 2019: $172,903Liabilities 2019: $0Net Assets 2019: $172,9032019Assets 2020: $440,867Liabilities 2020: $247,499Net Assets 2020: $193,3682020Assets 2021: $755,131Liabilities 2021: $1,225Net Assets 2021: $753,9062021Assets 2022: $802,695Liabilities 2022: $1,622Net Assets 2022: $801,0732022Assets 2023: $739,088Liabilities 2023: $17,370Net Assets 2023: $721,7182023Assets 2024: $743,891Liabilities 2024: $3,339Net Assets 2024: $740,5522024

Highlighted filing

2021

Assets$755,131
Liabilities$1,225
Net Assets$753,906

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2015: $817,475Expenses 2015: $779,354Net Income 2015: $38,1212015Revenue 2016: $799,266Expenses 2016: $854,280Net Income 2016: -$55,0142016Revenue 2017: $877,618Expenses 2017: $888,431Net Income 2017: -$10,8132017Revenue 2018: $927,471Expenses 2018: $869,910Net Income 2018: $57,5612018Revenue 2019: $1,052,235Expenses 2019: $1,017,854Net Income 2019: $34,3812019Revenue 2020: $976,110Expenses 2020: $973,069Net Income 2020: $3,0412020Revenue 2021: $1,519,061Expenses 2021: $1,208,209Net Income 2021: $310,8522021Revenue 2022: $1,590,561Expenses 2022: $1,509,761Net Income 2022: $80,8002022Revenue 2023: $1,757,548Expenses 2023: $1,852,159Net Income 2023: -$94,6112023Revenue 2024: $1,812,417Expenses 2024: $1,788,022Net Income 2024: $24,3952024

Highlighted filing

2021

Revenue$1,519,061
Expenses$1,208,209
Net Income$310,852
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 19, 2022
Return Version
2021v4.2
Gross Receipts
$1,519,061
Mission and Program Overview

Mission

to provide pre-school children with a place to learn and grow

this preschool readies young children for school in a safe and supportive environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$365,572$677,389▲ $311,817
Rtn Earn Endowment Incm Other Fnds$193,368$502,681▲ $309,313
Pd in Cap Srpls Land Bldg Eqp Fund$247,499$251,225▲ $3,726
Land, Buildings, and Equipment, Net$75,295$77,742▲ $2,447
Total Assets$440,867$755,131▲ $314,264
Liabilities
Accounts Payable and Accrued Expenses-$1,225-
Total Liabilities$0$1,225▲ $1,225
Net Assets / Fund Balance
Total Net Assets Fund Balance$440,867$753,906▲ $313,039
Total Liabilities and Net Assets / Fund Balance$440,867$755,131▲ $314,264

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$77,742-$77,742
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lorelei BaderCirriculum DirectorFT$100,073-$100,073
Lorilei BaderCirriculum Director-$100,073$2,154$100,073
Marilyn CawalAdministrative DirectorFT$91,870$3,291$95,161
Marilyn CawalExecutive Director-$91,870-$94,024

Board Members and Trustees

NameTitle
Brian BaderDirector
Lisa CarnevaleDirector
Leslie SadownickDirecotr
Revenue and Support

Revenue Composition

Contributions and Grants
$129,737
Program Service Revenue
$1,389,324
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$310,852
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,010,315
Other Expenses$197,894
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$772,136--$772,136
Current Officers, Directors, Trustees, and Key Employees-$91,870-$91,870
Other Employee Benefits$74,341--$74,341
Payroll Taxes$71,968--$71,968
Occupancy$69,524--$69,524
Advertising$1,807$12,765-$14,572
Office Expenses$13,372--$13,372
Other Expenses$9,656--$9,656
All Other Expenses$8,888--$8,888
Insurance$7,860--$7,860
Total Functional Expenses$1,103,574$104,635$0$1,208,209
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 2

mother and daughter are executive director and cirriculum director. Husband of cirriculum director is also a corporate director. He is also a CPA.

Part VI, Section B, Line 11

990 provided to directors prior to filing.

PART VI, SECTION B, LINE 12C

This is a pre-school. Conflicts are unlikely.

PART VI, SECTION B, LINE 15A

com pensation is based upon general standards in the area of preschools on Long Island.

PART VI, SECTION B, LINE 15B

All compensation is competitive.

Part VI, Section C, Line 19

Available upon 24 hour notice at the office of the preschool.

Filing and Contact Details

Filer

Filer Name
Bright Star Academy Inc
EIN
26-3196839
Phone
5167665699
Address
3050 OCEANSIDE ROAD, OCEANSIDE, NY 11572

Signing Officer

Name
Marilyn Cawal
Title
Executive Director
Phone
5167665699
Signed
2022-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marilyn Cawal
Formed
2013
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
3
Employees
45

Preparer

Firm
Miller Tax Law LLC
Address
462 LIME ROCK RD PO BOX 1997, LAKEVILLE, CT 06039
Preparer
Martha a Miller
Phone
8604354666
Supplemental Narrative

Additional Explanations

PART IX, LINE 24E

includes supplies $5192, bank fees $371, dues and subscriptions $950, equipment rental $962, miscellaneous contributions $1413 Schedule D Part VI. Depreciated basis consists solely of business equipment expected in a preschool: playground equipment, a school bus, toys and games, classroom furniture, computers for the office, office furniture, and bookcases. Due to Covid, the school also owns a disinfection fogger.

Part XI, Line 9

balances outstanding

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Please note that the cirriculum director is paid slightly more than the executive director. The cirrculum director actively runs the day care at 50 hours a week. The executive director takes care of administration and business and works 35 hours a week.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0mother and daughter are executive director and cirriculum director. Husband of cirriculum director is also a corporate director. He is also a CPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 provided to directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2This is a pre-school. Conflicts are unlikely.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3com pensation is based upon general standards in the area of preschools on Long Island.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All compensation is competitive.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Available upon 24 hour notice at the office of the preschool.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6includes supplies $5192, bank fees $371, dues and subscriptions $950, equipment rental $962, miscellaneous contributions $1413 Schedule D Part VI. Depreciated basis consists solely of business equipment expected in a preschool: playground equipment, a school bus, toys and games, classroom furniture, computers for the office, office furniture, and bookcases. Due to Covid, the school also owns a disinfection fogger.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7balances outstanding
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION B, LINE 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART IX, LINE 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0440867
IRS990/TotalAssetsEOYAmt0755131
IRS990/TotalAssetsGrp/BOYAmt0440867
IRS990/TotalAssetsGrp/EOYAmt0755131
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0129737
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0104635
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01103574
IRS990/TotalFunctionalExpensesGrp/TotalAmt01208209
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt01225
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01225
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0440867
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0753906
IRS990/TotalOtherCompensationAmt03291
IRS990/TotalProgramServiceExpensesAmt01208207
IRS990/TotalProgramServiceRevenueAmt01389324
IRS990/TotalReportableCompFromOrgAmt0191943
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01389324
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01519061
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0440867
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0755131
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0SAME
IRS990/USAddress/CityNm0OCEANSIDE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011572
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0[email protected]
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARILYN CAWAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05167665699
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BRIGHT STAR ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0BRIG
ReturnHeader/Filer/EIN0263196839
ReturnHeader/Filer/PhoneNum05167665699
ReturnHeader/Filer/USAddress/AddressLine1Txt03050 OCEANSIDE ROAD
ReturnHeader/Filer/USAddress/CityNm0OCEANSIDE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011572
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260740567
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MILLER TAX LAW LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0462 LIME ROCK RD PO BOX 1997
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006039
ReturnHeader/PreparerPersonGrp/PhoneNum08604354666
ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARTHA A MILLER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-07T12:53:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARILYN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CAWAL
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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