Civic Intelligence

Bright Star Education Group

990 • Fiscal year 2022 • EIN 46-3566533

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

5101 Santa Monica Blvd Ste 8 Pmb 93Los Angeles, CA 90029

(323) 954-9957

Siviq Scores

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

Liabilities / Assets

85th percentile

0.73x

Higher debt load relative to assets than 85% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

9.59x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

8th percentile

-29%

Higher net margin than 8% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

59th percentile

$290,921

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

74th percentile

22%

Faster revenue growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$48,594,863

Up $6,877,562 (+16%) from 2021

Net Assets

Up

$13,114,171

Up $590,463 (+4.7%) from 2021

Liabilities

Up

$35,480,692

Up $6,287,099 (+22%) from 2021

Revenue

Up

$3,700,945

Up $670,419 (+22%) from 2021

Expenses

Up

$4,763,355

Up $585,008 (+14%) from 2021

Net Income

Up

-$1,062,410

Up $85,411 (+7.4%) from 2021

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2014: $7,937,507Liabilities 2014: $216,710Net Assets 2014: $7,720,7972014Assets 2015: $6,579,084Liabilities 2015: $64,495Net Assets 2015: $6,514,5892015Assets 2016: $6,780,319Liabilities 2016: $77,467Net Assets 2016: $6,702,8522016Assets 2017: $7,483,704Liabilities 2017: $990,724Net Assets 2017: $6,492,9802017Assets 2018: $36,459,196Liabilities 2018: $26,811,059Net Assets 2018: $9,648,1372018Assets 2019: $36,143,015Liabilities 2019: $26,874,109Net Assets 2019: $9,268,9062019Assets 2020: $43,145,964Liabilities 2020: $29,474,435Net Assets 2020: $13,671,5292020Assets 2021: $41,717,301Liabilities 2021: $29,193,593Net Assets 2021: $12,523,7082021Assets 2022: $48,594,863Liabilities 2022: $35,480,692Net Assets 2022: $13,114,1712022Assets 2023: $72,669,383Liabilities 2023: $62,509,913Net Assets 2023: $10,159,4702023Assets 2024: $70,011,918Liabilities 2024: $61,401,722Net Assets 2024: $8,610,1962024

Highlighted filing

2022

Assets$48,594,863
Liabilities$35,480,692
Net Assets$13,114,171

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2014: $1,247,065Expenses 2014: $1,266,261Net Income 2014: -$19,1962014Revenue 2015: $2,519,009Expenses 2015: $3,725,217Net Income 2015: -$1,206,2082015Revenue 2016: $2,930,384Expenses 2016: $2,742,121Net Income 2016: $188,2632016Revenue 2017: $3,587,961Expenses 2017: $3,797,833Net Income 2017: -$209,8722017Revenue 2018: $8,256,472Expenses 2018: $5,101,315Net Income 2018: $3,155,1572018Revenue 2019: $772,142Expenses 2019: $2,883,288Net Income 2019: -$2,111,1462019Revenue 2020: $3,134,673Expenses 2020: $4,383,290Net Income 2020: -$1,248,6172020Revenue 2021: $3,030,526Expenses 2021: $4,178,347Net Income 2021: -$1,147,8212021Revenue 2022: $3,700,945Expenses 2022: $4,763,355Net Income 2022: -$1,062,4102022Revenue 2023: $3,050,794Expenses 2023: $6,005,495Net Income 2023: -$2,954,7012023Revenue 2024: $3,264,464Expenses 2024: $4,813,738Net Income 2024: -$1,549,2742024

Highlighted filing

2022

Revenue$3,700,945
Expenses$4,763,355
Net Income-$1,062,410
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.2
Gross Receipts
$3,700,945
Mission and Program Overview

Mission

Bright star education group is a nonprofit organization that provides a full range of back office and business services to bright star schools, a nonprofit whose mission is to provide holistic, inclusive support for all students to achieve academic excellence and grow their unique talents so that they find joy and fulfillment in higher education, career, and life.

To provide educational facilities for bright star schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,193,288$38,153,841▲ $6,960,553
Savings and Temporary Cash Investments$8,386,942$8,935,282▲ $548,340
Prepaid Expenses and Deferred Charges$1,778,144$993,461▼ $784,683
Accounts Receivable$356,726$27,527▼ $329,199
Total Assets$41,717,301$48,594,863▲ $6,877,562
Other Assets Total$2,201$484,752▲ $482,551
Liabilities
Tax Exempt Bond Liabilities$24,070,852$29,737,554▲ $5,666,702
Deferred Revenue$2,628,193$3,246,455▲ $618,262
Other Liabilities$2,494,548$2,494,548→ $0
Accounts Payable and Accrued Expenses-$2,135-
Total Liabilities$29,193,593$35,480,692▲ $6,287,099
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,523,708$13,114,171▲ $590,463
Total Net Assets Fund Balance$12,523,708$13,114,171▲ $590,463
Total Liabilities and Net Assets / Fund Balance$41,717,301$48,594,863▲ $6,877,562

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$36,950,504$3,430,457$40,380,961
Land$1,203,337-$1,203,337
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christie RiceBoard Chair
Hrag HamalianChief Executive Officer
Dean IndotMember
James MinMember
Michael SolomonMember
Scott LayfieldMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,687,254
Investment Income
$13,691
Other Revenue
$0
Change in Net Assets
$-1,062,410

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,700,945
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,700,945
Total Revenue per Form 990
$3,700,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,763,355
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$2,174,625--$2,174,625
Interest-$1,298,400-$1,298,400
Depreciation Depletion-$1,240,078-$1,240,078
Insurance-$35,282-$35,282
Fees for Services Other$14,970--$14,970
Total Functional Expenses$2,189,595$2,573,760$0$4,763,355

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,763,355
Total Expenses per Audited Statements$4,763,355
Total Expenses per Form 990$4,763,355
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Bright Star Schools$2,494,548

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia School Finance Authority2017-12-21$26,262,365Construct vahs and smca school facilities
BCalifornia School Finance Authority2021-12-03$6,668,215EDUCATIONAL FACILITIES

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$26,262,365-$635,000$489,300
B$6,668,215--$113,921

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
Yes
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
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 A, Line 8B

The organization does not have any committees with authority to act on its behalf.

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

The draft form is reviewed and approved by the finance committe and the board.

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

Annual update of disclosure is required. The organization has a strict policy against related party transactions. If a conflict arises the board member is asked to excuse himself/herself from all discussion and voting on the issue.

Form 990, Part VI, Section C, Line 19

The governing documents, financial statements, 990, and conflict of interest policy for bright star education group are made available through the website, as well as available upon request at any of the school locations.

Filing and Contact Details

Filer

Filer Name
Bright Star Education Group
EIN
46-3566533
Phone
3239549957
Address
5101 SANTA MONICA BLVD STE 8 PMB 93, LOS ANGELES, CA 90029

Signing Officer

Name
Dean Indot
Title
Board Chair
Phone
3239549957
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dean Indot
Formed
2013
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
5

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray CPA
Phone
9094664410
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Equity transfer bright star schools 1,652,873.

Financial Statement Notes

PART X, LINE 2:

Management believes that the organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

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IRS990ScheduleD/ExpensesSubtotalAmt04763355
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01203337
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01203337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02494548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO BRIGHT STAR SCHOOLS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03700945
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt038153841
IRS990ScheduleD/TotalExpensesPerForm990Amt04763355
IRS990ScheduleD/TotalLiabilityAmt02494548
IRS990ScheduleD/TotalRevenuePerForm990Amt03700945
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03700945
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04763355
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0236271
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt044891
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt09759
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HRAG HAMALIAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0290921
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02017-12-21
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12021-12-03
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0680280917
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1680280917
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum013058TGF1
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum113058TNV8
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt026262365
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt16668215
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CALIFORNIA SCHOOL FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1CALIFORNIA SCHOOL FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCT VAHS AND SMCA SCHOOL FACILITIES
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1EDUCATIONAL FACILITIES
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt023973030
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt16554293
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01800035
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0489300
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1113921
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0635000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt026262365
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt16668215
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON ITS BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT FORM IS REVIEWED AND APPROVED BY THE FINANCE COMMITTE AND THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL UPDATE OF DISCLOSURE IS REQUIRED. THE ORGANIZATION HAS A STRICT POLICY AGAINST RELATED PARTY TRANSACTIONS. IF A CONFLICT ARISES THE BOARD MEMBER IS ASKED TO EXCUSE HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTING ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, 990, AND CONFLICT OF INTEREST POLICY FOR BRIGHT STAR EDUCATION GROUP ARE MADE AVAILABLE THROUGH THE WEBSITE, AS WELL AS AVAILABLE UPON REQUEST AT ANY OF THE SCHOOL LOCATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EQUITY TRANSFER BRIGHT STAR SCHOOLS 1,652,873.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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 XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0BRIGHT STAR EDUCATION GROUP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1BRIGHT STAR EDUCATION GROUP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2BRIGHT STAR EDUCATION GROUP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0BSDG 600 LA FAYETTE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1BSDG 4115 MLK LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2BRIGHT STAR DEVELOPMENT GROUP-9334 LEMONA LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0463566533
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1463566533
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2463566533
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0174981
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt128165971
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt216876639
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PROPERTY HOLDING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1PROPERTY HOLDING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2PROPERTY HOLDING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt01230827
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt11864939
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt2597366
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0600 S LAFAYETTE PARK PLACE SUITE 30
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt12636 S MANSFIELD AVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt2600 S LAFAYETTE PARK PLACE SUITE 30

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