Civic Intelligence

Bbi Holdings

EIN 32-0340831 • 501(c)3 • Washington, DC

Profile

To acquire, hold, own, manage, maintain, operate, sell and lease real property exclusively in support of the charitable purpose of bright beginnings, inc.

Refreshing map…

3418 4th Street SEWashington, DC 20032

www.brightbeginningsinc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

100th percentile

$203,846

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 41.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$0

Down $10,322,696 (-100%) from 2022

Liabilities

Down

$0

Down $10,525,764 (-100%) from 2022

Net Assets

Up

$0

Up $203,068 (+100%) from 2022

Revenue

Up

$494,597

Up $111,166 (+29%) from 2022

Expenses

Down

$309,717

Down $96,651 (-24%) from 2022

Net Income

Up

$184,880

Up $207,817 (+906%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2016: $1,653,101Liabilities 2016: $1,653,502Net Assets 2016: -$4012016Assets 2017: $10,360,512Liabilities 2017: $10,369,616Net Assets 2017: -$9,1042017Assets 2018: $10,421,956Liabilities 2018: $10,443,812Net Assets 2018: -$21,8562018Assets 2019: $10,491,483Liabilities 2019: $10,568,523Net Assets 2019: -$77,0402019Assets 2020: $10,317,479Liabilities 2020: $10,496,597Net Assets 2020: -$179,1182020Assets 2021: $10,320,066Liabilities 2021: $10,500,197Net Assets 2021: -$180,1312021Assets 2022: $10,322,696Liabilities 2022: $10,525,764Net Assets 2022: -$203,0682022Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $0Expenses 2016: $401Net Income 2016: -$4012016Revenue 2017: $0Expenses 2017: $8,703Net Income 2017: -$8,7032017Revenue 2018: $0Expenses 2018: $12,752Net Income 2018: -$12,7522018Revenue 2019: $383,431Expenses 2019: $438,615Net Income 2019: -$55,1842019Revenue 2020: $383,431Expenses 2020: $485,509Net Income 2020: -$102,0782020Revenue 2021: $383,431Expenses 2021: $384,444Net Income 2021: -$1,0132021Revenue 2022: $383,431Expenses 2022: $406,368Net Income 2022: -$22,9372022Revenue 2024: $494,597Expenses 2024: $309,717Net Income 2024: $184,8802024

Highlighted filing

2024

Revenue$494,597
Expenses$309,717
Net Income$184,880

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 15, 2025
Return Version
2023v6.0
Gross Receipts
$494,597
Mission and Program Overview

Mission

To acquire, hold, own, manage, maintain, operate, sell and lease real property exclusively in support of the charitable purpose of bright beginnings, inc.

To acquire, hold, own, manage, maintain, operate, sell, and lease real property, exclusively in support of the charitable purpose of bright beginnings, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,010,982$0▼ $9,010,982
Accounts Receivable$1,246,604$0▼ $1,246,604
Cash and Non-Interest-Bearing Accounts$92,190$0▼ $92,190
Total Assets$10,349,776$0▼ $10,349,776
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,310,000--
Other Liabilities$1,224,656$0▼ $1,224,656
Unsecured Notes Loans Payable-$0-
Total Liabilities$10,534,656$0▼ $10,534,656
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-184,880$0▲ $184,880
Total Net Assets Fund Balance$-184,880$0▲ $184,880
Total Liabilities and Net Assets / Fund Balance$10,349,776$0▼ $10,349,776
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda SchakelPresident
Andrew RogersVice President
Elizabeth FotheringillDirector
Laurent Sharpless-robinsonDirector
Maria EstefaniaDirector
Erin FisherChief Executive Officer Bbi
Susan BrobeckSecretary
Shane MclaughlinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$174,000
Investment Income
$0
Other Revenue
$320,597
Change in Net Assets
$184,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,717
Total Fundraising Expense$9,012
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$188,522$26,192$7,521$222,235
Interest$37,359$5,191$1,491$44,041
Fees for Services Management-$39,840-$39,840
Fees for Services Accounting-$3,600-$3,600
Office Expenses$1--$1
Total Functional Expenses$225,882$74,823$9,012$309,717
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is provided to the board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members complete a conflict-of-interest policy form annually. The organization maintains a board profile which is updated and monitored throughout the year.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Bbi Holdings Inc
EIN
32-0340831
Phone
2028429090
Address
3418 4TH STREET SE, WASHINGTON, DC 20032

Signing Officer

Name
Erin Fisher
Title
Chief Executive Officer
Phone
2028429090
Signed
2025-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Fisher
Formed
2011
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Rubino and Company Chartered
Address
6903 ROCKLEDGE DRIVE SUITE 300, BETHESDA, MD 20817-1818
Preparer
Kay Vollans CPA
Phone
3015643636
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Land and building transferred to bright beginnings, bbi holding dissolved

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income taxes under section 509(a)(3) of the internal revenue code and the applicable income tax regulations of the district of columbia. The corporation is not a private foundation and is exempt from taxes on income other than unrelated business income. No provision for income taxes is required for 2024 or 2023. The organization's income tax returns are subject to review and examination by federal and state taxing authorities. The organization is not aware of any activities that would jeopardize its tax-exempt status. Income tax returns for the years ended september 30, 2023, 2022 and 2021 remain open to examination by the taxing jurisdictions.

Raw XML AppendixShowing 400 of 445 raw XML fields

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/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt010843
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ERIN FISHER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER BBI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0203846
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION IS DETERMINED BY THE RELATED ORGANIZATION, BRIGHT BEGINNINGS, INC.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0NEW MARKETS TAX CREDIT ASSET TRANSFER TO RELATED ORGANIZATION
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0BRIGHT BEGINNINGS INC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02024-01-10
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0521697917
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt08788748
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0THE FUND, WITH THE ORGANIZATION AS ITS SOLE MEMBER, ENTERED INTO A REDEMPTION AND ASSIGNMENT AGREEMENT, WHEREBY IT REDEEMED ITS INTEREST IN THE CDE LENDER IN EXCHANGE FOR ASSIGNMENT OF THE QLCIS FROM THE CDE LENDER TO THE FUND.
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt03418 4TH STREET SE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0WASHINGTON
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0DC
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd020032
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0ON JANUARY 10, 2024, PURSUANT TO THE PUT AND CALL AGREEMENT, THE TAX CREDIT INVESTOR DETERMINED TO EXERCISE ITS PUT OPTION, AND THEREAFTER INITIATED A SERIES OF TRANSACTIONS INTENDED TO UNWIND THE ORIGINAL NMTC FINANCING. THE ORGANIZATION PURCHASED THE TAX CREDIT INVESTOR'S INTEREST IN THE INVESTMENT FUND AT A COST OF $1,000, AND ASSUMED ALL OF THE ASSETS AND LIABILITIES OF THE INVESTMENT FUND, INCLUDING ALL OF THE ORGANIZATION'S NOTES RECEIVABLE HELD BY THE FUND (LEVERAGE LOAN).THE FUND, WITH THE ORGANIZATION AS ITS SOLE MEMBER, THEN ENTERED INTO A REDEMPTION AND ASSIGNMENT AGREEMENT, WHEREBY IT REDEEMED ITS INTEREST IN THE CDE LENDER IN EXCHANGE FOR AN ASSIGNMENT OF THE QLICIS FROM THE CDE LENDER TO THE FUND IN THE ORIGINAL PRINCIPAL AMOUNT OF $9,310,000. THE FUND THEN ASSIGNED THE QLICIS TO THE ORGANIZATION IN SATISFACTION OF THE LEVERAGE LOAN. THIS RESULTED IN A $2,616,300 GAIN ON THE FORGIVENESS OF DEBT AND THE DISSOLUTION OF BBI HOLDINGS, INC. DURING THE YEAR ENDED SEPTEMBER 30, 2024.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PART 1
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAND AND BUILDING TRANSFERRED TO BRIGHT BEGINNINGS, BBI HOLDING DISSOLVED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS COMPLETE A CONFLICT-OF-INTEREST POLICY FORM ANNUALLY. THE ORGANIZATION MAINTAINS A BOARD PROFILE WHICH IS UPDATED AND MONITORED THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BRIGHT BEGINNINGS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0521697917
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION, FAMILY SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03418 4TH STREET SE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020032
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0174000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt13600
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt28788748
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BRIGHT BEGINNINGS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1BRIGHT BEGINNINGS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2BRIGHT BEGINNINGS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2R
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010349776
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt010349776
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09012
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074823
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0225882
IRS990/TotalFunctionalExpensesGrp/TotalAmt0309717
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010534656
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt010534656
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-184880
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt010843
IRS990/TotalProgramServiceExpensesAmt0225882
IRS990/TotalProgramServiceRevenueAmt0174000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0320597
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0174000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0494597
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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