Civic Intelligence

Bright Invention Inc

990 • Fiscal year 2021 • EIN 45-2555243

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 01, 2021

Organization Profilewww.brightinvention.org
PO Box 8870Elkins Park, PA 19027

(610) 864-0317

Siviq Scores

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

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

73rd percentile

0.04x

Higher debt load relative to revenue than 73% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

7th percentile

-110%

Higher net margin than 7% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

97th percentile

$87,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 117.8% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

8th percentile

-50%

Faster asset growth than 8% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-70%

Faster revenue growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$78,724

Down $80,297 (-50%) from 2020

Net Assets

Down

$75,724

Down $81,047 (-52%) from 2020

Liabilities

Up

$3,000

Up $750 (+33%) from 2020

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin7th percentile

Revenue

Down

$73,863

Down $170,191 (-70%) from 2020

Expenses

Up

$154,766

Up $26,816 (+21%) from 2020

Net Income

Down

-$80,903

Down $197,007 (-170%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$400K$300K$200K$100K$0Assets 2011: $9,252Liabilities 2011: $02011Assets 2012: $62,007Liabilities 2012: $277Net Assets 2012: $61,7302012Assets 2013: $57,272Liabilities 2013: $806Net Assets 2013: $56,4662013Assets 2014: $295,467Liabilities 2014: $1,241Net Assets 2014: $294,2262014Assets 2015: $165,188Liabilities 2015: $153Net Assets 2015: $165,0342015Assets 2016: $310,363Liabilities 2016: $362Net Assets 2016: $310,0012016Assets 2017: $195,099Liabilities 2017: $1,397Net Assets 2017: $193,7012017Assets 2019: $36,184Liabilities 2019: $2,184Net Assets 2019: $34,0002019Assets 2020: $159,021Liabilities 2020: $2,250Net Assets 2020: $156,7712020Assets 2021: $78,724Liabilities 2021: $3,000Net Assets 2021: $75,7242021Assets 2022: $87,076Liabilities 2022: $25,479Net Assets 2022: $61,5972022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2021

Assets$78,724
Liabilities$3,000
Net Assets$75,724
Open 2021 Filing

Operations Trend

Revenue Growth10th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $41,420Expenses 2011: $32,168Net Income 2011: $9,2522011Revenue 2012: $288,334Expenses 2012: $230,232Net Income 2012: $58,1022012Revenue 2013: $167,130Expenses 2013: $172,457Net Income 2013: -$5,3272013Revenue 2014: $445,822Expenses 2014: $208,062Net Income 2014: $237,7602014Revenue 2015: $71,040Expenses 2015: $200,532Net Income 2015: -$129,4922015Revenue 2016: $377,411Expenses 2016: $232,445Net Income 2016: $144,9662016Revenue 2017: $110,205Expenses 2017: $222,409Net Income 2017: -$112,2042017Revenue 2019: $93,901Expenses 2019: $249,214Net Income 2019: -$155,3132019Revenue 2020: $244,054Expenses 2020: $127,950Net Income 2020: $116,1042020Revenue 2021: $73,863Expenses 2021: $154,766Net Income 2021: -$80,9032021Revenue 2022: $138,863Expenses 2022: $152,845Net Income 2022: -$13,9822022Revenue 2023: $72,668Expenses 2023: $120,992Net Income 2023: -$48,3242023

Highlighted filing

2021

Revenue$73,863
Expenses$154,766
Net Income-$80,903
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 1, 2021
Return Version
2020v4.0
Gross Receipts
$73,863
Mission and Program Overview

Mission

Bright Invention, Inc. uses improvisation to empower individuals and organizations to unlock their potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$93,689$0▼ $93,689
Savings and Temporary Cash Investments$48,849$76,392▲ $27,543
Cash and Non-Interest-Bearing Accounts$10,938$2,332▼ $8,606
Other Notes and Loans Receivable, Net$2,000$0▼ $2,000
Receivables From Officers Etc$1,219$0▼ $1,219
Investments Program Related$1$0▼ $1
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$159,021$78,724▼ $80,297
Other Assets Total$2,325$0▼ $2,325
Liabilities
Unsecured Notes Loans Payable$2,000$3,000▲ $1,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,000$3,000▲ $1,000
Net Assets / Fund Balance
Net Assets With Donor Restrictions$80,000$0▼ $80,000
Net Assets Without Donor Restrictions$77,021$75,724▼ $1,297
Total Net Assets Fund Balance$157,021$75,724▼ $81,297
Total Liabilities and Net Assets / Fund Balance$159,021$78,724▼ $80,297
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Benjamin LloydExecutive DirectorFT$87,000$87,000
Robert StinemanDirector of FinancePT$12,000$12,000

Board Members and Trustees

NameTitle
Elizabeth CobbsBoard President
April D CohenBoard Member
Caitlin GarazzoBoard Member
David WraggBoard Member
Jamie CoopersteinBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$46,420
Program Service Revenue
$27,384
Investment Income
$0
Other Revenue
$59
All Other Contributions
$22,075
Change in Net Assets
$-80,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$108,388
Other Expenses$46,084
Total Fundraising Expense$14,500
Grants and Similar Amounts Paid$294
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$43,500$41,000$14,500$99,000
Fees for Services Management$5,847$7,897$0$13,744
Payroll Taxes$4,125$5,263$0$9,388
Insurance$0$6,798$0$6,798
Other Expenses$2,826$2,417$0$5,243
Office Expenses$1,583$1,240$0$2,823
Advertising$660$709$0$1,369
Fees for Services Other$0$900$0$900
All Other Expenses$56$241$0$297
Grants to Domestic Orgs$294--$294
Total Functional Expenses$73,801$66,465$14,500$154,766
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,219$0▼ $1,219
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The final draft of the form 990 is presented to the board for review and accepted by vote and mailed.”

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

“Minutes of board meetings will reflect when a board member discloses that s/he has a conflict of interest and how the conflict was managed, such as that there was a discussion on the matter without the board member in the room, and a vote was taken but that the interested board member abstained. Board members with a conflict are interested and board members without a conflict are disinterested the board will circulate an annual conflict disclosure questionnaire that asks board and staff members to disclose existing conflicts and reminds them to disclose any that may evolve in the future.”

Form 990, Part VI, Section B, Line 15

“The board of trustees reviews a candidates compensation process for other officers and key employerees as it does for the top management official”

Form 990, Part VI, Section C, Line 19

“The governing documents are available to the public by written request sent to the organizations address.”

Form 990, Part VIII, Line 8A

“Funds here also include Government grant; including the forgiveness of an SBA loan made to Bright Invention during the Covid-19 pandemic as well as funds from a second Paycheck Protection Program loan received on 2.22.21.”

Filing and Contact Details

Filer

Filer Name
Bright Invention Inc
EIN
45-2555243
Phone
6108640317
Address
PO Box 8870, Elkins Park, PA 19027

Signing Officer

Name
Robert Stineman
Title
Director of Finance
Phone
3025846357
Signed
2021-09-01

Organization Details

Principal Officer
Benjamin Lloyd
Formed
2011
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
10
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 24

“This amount reflects loan amounts received by Bright Invention through the SBA that had not been forgive as of the end of Fiscal year 2021.”

Form 990, Part XI, Line 8

“These were assets (equipment) that were donated after depreciating to a value of $0.00.”

Raw XML AppendixShowing 400 of 621 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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IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0Bright Invention, Inc. uses improvisation to empower individuals and organizations to unlock their potential.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0157021
IRS990/NetAssetsOrFundBalancesEOYAmt075724
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt077021
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt075724
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01240
IRS990/OfficeExpensesGrp/ProgramServicesAmt01583
IRS990/OfficeExpensesGrp/TotalAmt02823
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02325
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Artist Fees
IRS990/OtherExpensesGrp/Desc1Teaching Fees
IRS990/OtherExpensesGrp/Desc2Supplies and Materials
IRS990/OtherExpensesGrp/Desc3Memberships and Dues
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32417
IRS990/OtherExpensesGrp/ProgramServicesAmt011476
IRS990/OtherExpensesGrp/ProgramServicesAmt13095
IRS990/OtherExpensesGrp/ProgramServicesAmt2339
IRS990/OtherExpensesGrp/ProgramServicesAmt32826
IRS990/OtherExpensesGrp/TotalAmt011476
IRS990/OtherExpensesGrp/TotalAmt13095
IRS990/OtherExpensesGrp/TotalAmt2339
IRS990/OtherExpensesGrp/TotalAmt35243
IRS990/OtherRevenueMiscGrp/BusinessCd0711110
IRS990/OtherRevenueMiscGrp/Desc0Interest
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt059
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt059
IRS990/OtherRevenueTotalAmt059
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05263
IRS990/PayrollTaxesGrp/ProgramServicesAmt04125
IRS990/PayrollTaxesGrp/TotalAmt09388
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Benjamin Lloyd
IRS990/PriorPeriodAdjustmentsAmt0-394
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2711110
IRS990/ProgramServiceRevenueGrp/Desc0Creative Corporate Training
IRS990/ProgramServiceRevenueGrp/Desc1Tuition
IRS990/ProgramServiceRevenueGrp/Desc2Bright Invention - Ticket Sales
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015775
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19615
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21994
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015775
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19615

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,724
Liabilities
$3,000
Net assets
$75,724
Revenue
$73,863
Expenses
$154,766
Net income
-$80,903
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.73$1.21$0.48
2022Detailed filing. Detailed filing data is available for this year.$0.87$0.25$0.62$1.39$1.53$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.03$0.76$0.74$1.55$0.81
2020Detailed filing. Detailed filing data is available for this year.$1.59$0.02$1.57$2.44$1.28$1.16
2019Summary only. Only limited summary data is available for this year.$0.36$0.02$0.34$0.94$2.49$1.55
2017Summary only. Only limited summary data is available for this year.$1.95$0.01$1.94$1.10$2.22$1.12
2016Summary only. Only limited summary data is available for this year.$3.10$0.00$3.10$3.77$2.32$1.45
2015Summary only. Only limited summary data is available for this year.$1.65$0.00$1.65$0.71$2.01$1.29
2014Detailed filing. Detailed filing data is available for this year.$2.95$0.01$2.94$4.46$2.08$2.38
2013Detailed filing. Detailed filing data is available for this year.$0.57$0.01$0.56$1.67$1.72$0.05
2012Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$2.88$2.30$0.58
2011Summary only. Only limited summary data is available for this year.$0.09$0.00$0.41$0.32$0.09