Civic Intelligence

Bright Beginnings Academy Inc

990 • Fiscal year 2021 • EIN 47-1219930

Aug 01, 2020 to Jul 31, 2021 • Filed on Jan 03, 2023

Organization ProfileWWW.BRIGHTDYSLEXICS.COM
3590 Pleasant Valley RdMobile, AL 36609

(251) 525-9105

Siviq Scores

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

Liabilities / Assets

88th percentile

0.56x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

77th percentile

0.26x

Higher debt load relative to revenue than 77% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

35th percentile

3.8%

Higher net margin than 35% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$41,417

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

61st percentile

26%

Faster revenue growth than 61% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$286,977

Down $53,263 (-16%) from 2020

Net Assets

Up

$127,146

Up $23,006 (+22%) from 2020

Liabilities

Down

$159,831

Down $76,269 (-32%) from 2020

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin35th percentile

Revenue

Up

$607,206

Up $124,644 (+26%) from 2020

Expenses

Up

$584,200

Up $103,142 (+21%) from 2020

Net Income

Up

$23,006

Up $21,502 (+1430%) 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$0-$100KAssets 2016: $25,725Liabilities 2016: $0Net Assets 2016: $25,7252016Assets 2017: $38,882Liabilities 2017: $1,349Net Assets 2017: $37,5332017Assets 2018: $66,348Liabilities 2018: $1,623Net Assets 2018: $64,7252018Assets 2020: $340,240Liabilities 2020: $236,100Net Assets 2020: $104,1402020Assets 2021: $286,977Liabilities 2021: $159,831Net Assets 2021: $127,1462021Assets 2022: $71,618Liabilities 2022: $7,502Net Assets 2022: $64,1162022Assets 2023: $51,025Liabilities 2023: $8,059Net Assets 2023: $42,9662023Assets 2025: $10,571Liabilities 2025: $38,566Net Assets 2025: -$27,9952025

Highlighted filing

2021

Assets$286,977
Liabilities$159,831
Net Assets$127,146
Open 2021 Filing

Operations Trend

Revenue Growth61st percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2016: $174,284Expenses 2016: $150,295Net Income 2016: $23,9892016Revenue 2017: $266,520Expenses 2017: $254,712Net Income 2017: $11,8082017Revenue 2018: $318,387Expenses 2018: $291,195Net Income 2018: $27,1922018Revenue 2020: $482,562Expenses 2020: $481,058Net Income 2020: $1,5042020Revenue 2021: $607,206Expenses 2021: $584,200Net Income 2021: $23,0062021Revenue 2022: $633,790Expenses 2022: $696,820Net Income 2022: -$63,0302022Revenue 2023: $507,887Expenses 2023: $529,037Net Income 2023: -$21,1502023Revenue 2025: $390,922Expenses 2025: $426,923Net Income 2025: -$36,0012025

Highlighted filing

2021

Revenue$607,206
Expenses$584,200
Net Income$23,006
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jan 3, 2023
Return Version
2020v4.0
Gross Receipts
$607,206
Mission and Program Overview

Mission

Private school for children with dyslexia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$233,129$225,035▼ $8,094
Cash and Non-Interest-Bearing Accounts$105,311$60,142▼ $45,169
Prepaid Expenses and Deferred Charges$16,043$41,826▲ $25,783
Total Assets$356,283$328,803▼ $27,480
Other Assets Total$1,800$1,800→ $0
Liabilities
Other Liabilities$226,100$159,831▼ $66,269
Grants Payable$10,000--
Total Liabilities$236,100$159,831▼ $76,269
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$120,183$168,972▲ $48,789
Total Net Assets Fund Balance$120,183$168,972▲ $48,789
Total Liabilities and Net Assets / Fund Balance$356,283$328,803▼ $27,480

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$87,271$87,271
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Regina C EnglundDirector/preFT$41,417$41,417

Board Members and Trustees

NameTitle
Bruce EnglundVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$131,067
Program Service Revenue
$460,794
Investment Income
$101
Other Revenue
$15,244
All Other Contributions
$32,227
Change in Net Assets
$48,789
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$344,609
Other Expenses$213,808
Total Fundraising Expense$7,182
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$258,985$17,040-$276,025
Depreciation Depletion$59,023--$59,023
Insurance$47,350--$47,350
Current Officers, Directors, Trustees, and Key Employees-$41,417-$41,417
All Other Expenses$35,296$1,018-$36,314
Payroll Taxes$23,499$3,668-$27,167
Other Expenses$1,646$2,033$7,182$8,828
Office Expenses$5,148$908-$6,056
Advertising$2,556--$2,556
Fees for Services Accounting-$2,250-$2,250
Travel$212--$212
Interest$15--$15
Total Functional Expenses$472,787$78,448$7,182$558,417
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,244
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$13,057$13,057-$13,057
Total Events$13,057$13,057-$13,057
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Eidl Loan$149,259
Ppp Loan$7,360
N/p Great American$2,962
Payroll Liabilities$250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 was presented to the board of directors.”

Form 990, Page 6, Part VI, Line 12C

“The conflicts of interest policy is published by the entity.”

Form 990, Page 6, Part VI, Line 15A

“The compensation of the executive director/president was approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Bright Beginnings Academy Inc
EIN
47-1219930
Phone
2515259105
Address
3590 PLEASANT VALLEY RD, MOBILE, AL 36609
Doing Business As
Bright Academy Inc

Signing Officer

Name
Regina C Englund
Title
Director/president
Phone
2515259105
Signed
2023-01-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Regina C Englund
Formed
2014
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
7
Employees
24

Preparer

Firm
Terry Jones & Associates Pc
Address
5910 GRELOT ROAD, MOBILE, AL 36609
Preparer
C Terry Jones CPA
Phone
2513414593
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“The fiscal year ended 7/31/2021 form 990 tax return is being amended to report its employee retention tax credit (ertc) of 25,073 for calendar quarter ended 9/30/2020. The 25,073 has been reported as reduced wages on form 990 on part ix, page 10, line 7. See attached form 941x for the quarter endedd 9/30/2020. Total wages, line 7 as originally filed: 301,808 less ertc credit for qtr ended 9/30/2020 -25,783 adjusted total wages as amended 276,025 the 9/30/2020 ertc of 25,783 has been reported as prepaid expenses as of 7/31/2021 on part x, page 11, line 9. (this was added to the prepaid expenses from 7/30/2020 of 16,043 resulting in a balance at 7/31/2021 of 41,826). The unrestricted fund balance on part x, page 11, line 32 has been increased as follows: as originally reported on original 7/30/2021 127,146 add: reduced wages from ertc from 7/31/2020 990 amended return 16,043 add: reduced wages from ertc from 7/31/2021 990 amended return 25,783 adjusted unrestricted fund balance as of 7/31/2021 168,972”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FISCAL YEAR ENDED 7/31/2021 FORM 990 TAX RETURN IS BEING AMENDED TO REPORT ITS EMPLOYEE RETENTION TAX CREDIT (ERTC) OF 25,073 FOR CALENDAR QUARTER ENDED 9/30/2020. THE 25,073 HAS BEEN REPORTED AS REDUCED WAGES ON FORM 990 ON PART IX, PAGE 10, LINE 7. SEE ATTACHED FORM 941X FOR THE QUARTER ENDEDD 9/30/2020. TOTAL WAGES, LINE 7 AS ORIGINALLY FILED: 301,808 LESS ERTC CREDIT FOR QTR ENDED 9/30/2020 -25,783 ADJUSTED TOTAL WAGES AS AMENDED 276,025 THE 9/30/2020 ERTC OF 25,783 HAS BEEN REPORTED AS PREPAID EXPENSES AS OF 7/31/2021 ON PART X, PAGE 11, LINE 9. (THIS WAS ADDED TO THE PREPAID EXPENSES FROM 7/30/2020 OF 16,043 RESULTING IN A BALANCE AT 7/31/2021 OF 41,826). THE UNRESTRICTED FUND BALANCE ON PART X, PAGE 11, LINE 32 HAS BEEN INCREASED AS FOLLOWS: AS ORIGINALLY REPORTED ON ORIGINAL 7/30/2021 127,146 ADD: REDUCED WAGES FROM ERTC FROM 7/31/2020 990 AMENDED RETURN 16,043 ADD: REDUCED WAGES FROM ERTC FROM 7/31/2021 990 AMENDED RETURN 25,783 ADJUSTED UNRESTRICTED FUND BALANCE AS OF 7/31/2021 168,972
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICTS OF INTEREST POLICY IS PUBLISHED BY THE ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE EXECUTIVE DIRECTOR/PRESIDENT WAS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0356283
IRS990/TotalAssetsEOYAmt0328803
IRS990/TotalAssetsGrp/BOYAmt0356283
IRS990/TotalAssetsGrp/EOYAmt0328803
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0131067
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07182
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078448
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0472787
IRS990/TotalFunctionalExpensesGrp/TotalAmt0558417
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0236100
IRS990/TotalLiabilitiesEOYAmt0159831
IRS990/TotalLiabilitiesGrp/BOYAmt0236100
IRS990/TotalLiabilitiesGrp/EOYAmt0159831
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0120183
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0168972
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt05321
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt05321
IRS990/TotalProgramServiceExpensesAmt0472787
IRS990/TotalProgramServiceRevenueAmt0460794
IRS990/TotalReportableCompFromOrgAmt041417
IRS990/TotalRevenueGrp/ExclusionAmt015244
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0460895
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0607206
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0356283
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IRS990/TravelGrp/ProgramServicesAmt0212
IRS990/TravelGrp/TotalAmt0212
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/USAddress/CityNm0THEODORE
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036582
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.BRIGHTDYSLEXICS.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0REGINA C ENGLUND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02515259105
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BRIGHT BEGINNINGS ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0BRIG
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ReturnHeader/Filer/PhoneNum02515259105
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ReturnHeader/Filer/USAddress/CityNm0MOBILE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0630796495
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TERRY JONES & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05910 GRELOT ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOBILE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd036609
ReturnHeader/PreparerPersonGrp/PhoneNum02513414593
ReturnHeader/PreparerPersonGrp/PreparationDt02023-01-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0C TERRY JONES CPA
ReturnHeader/ReturnTs02023-01-11T17:00:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0REGINA C
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ENGLUND
ReturnHeader/TaxPeriodBeginDt02020-08-01
ReturnHeader/TaxPeriodEndDt02021-07-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$286,977
Liabilities
$159,831
Net assets
$127,146
Revenue
$607,206
Expenses
$584,200
Net income
$23,006
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.39$0.28$3.91$4.27$0.36
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.08$0.43$5.08$5.29$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.08$0.64$6.34$6.97$0.63
2021Detailed filing. Detailed filing data is available for this year.$2.87$1.60$1.27$6.07$5.84$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.40$2.36$1.04$4.83$4.81$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.02$0.65$3.18$2.91$0.27
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.01$0.38$2.67$2.55$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.00$0.26$1.74$1.50$0.24