Civic Intelligence

The Bright Foundation

990PF • Fiscal year 2019 • EIN 47-2581945

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

Organization Profile
1350 Lagoon Ave No 830Minneapolis, MN 55408

(612) 672-8342

Siviq Scores

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

Liabilities / Assets

44th percentile

0.01x

Higher debt load relative to assets than 44% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.10x

Higher debt load relative to revenue than 61% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Source year 2019

Net Margin

94th percentile

70%

Higher net margin than 94% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • $1M-$5M nonprofits • Source year 2019

Asset Growth

90th percentile

37%

Faster asset growth than 90% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

1319%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$1,631,158

Up $437,486 (+37%) from 2018

Net Assets

Up

$1,610,546

Up $416,874 (+35%) from 2018

Liabilities

Up

$20,612

Up $20,612 from 2018

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin94th percentile

Revenue

Up

$200,123

Up $186,024 (+1319%) from 2018

Expenses

Up

$59,854

Up $35,287 (+144%) from 2018

Net Income

Up

$140,269

Up $150,737 (+1440%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$15M$10M$5.0M$0Assets 2015: $970,190Liabilities 2015: $0Net Assets 2015: $970,1902015Assets 2016: $1,112,497Liabilities 2016: $0Net Assets 2016: $1,112,4972016Assets 2017: $1,182,347Liabilities 2017: $0Net Assets 2017: $1,182,3472017Assets 2018: $1,193,672Liabilities 2018: $0Net Assets 2018: $1,193,6722018Assets 2019: $1,631,158Liabilities 2019: $20,612Net Assets 2019: $1,610,5462019Assets 2020: $7,929,427Liabilities 2020: $1,315Net Assets 2020: $7,928,1122020Assets 2021: $11,475,193Liabilities 2021: $0Net Assets 2021: $11,475,1932021Assets 2022: $3,794,759Liabilities 2022: $0Net Assets 2022: $3,794,7592022Assets 2023: $6,884,862Liabilities 2023: $0Net Assets 2023: $6,884,8622023Assets 2024: $11,289,748Liabilities 2024: $0Net Assets 2024: $11,289,7482024

Highlighted filing

2019

Assets$1,631,158
Liabilities$20,612
Net Assets$1,610,546
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,572,730Expenses 2015: $33,808Net Income 2015: $1,538,9222015Revenue 2016: $316,544Expenses 2016: $33,137Net Income 2016: $283,4072016Revenue 2017: $5,750Expenses 2017: $82,063Net Income 2017: -$76,3132017Revenue 2018: $14,099Expenses 2018: $24,567Net Income 2018: -$10,4682018Revenue 2019: $200,123Expenses 2019: $59,854Net Income 2019: $140,2692019Revenue 2020: $1,539Expenses 2020: $94,682Net Income 2020: -$93,1432020Revenue 2021: $67,578Expenses 2021: $156,140Net Income 2021: -$88,5622021Revenue 2022: $355,138Expenses 2022: $448,257Net Income 2022: -$93,1192022Revenue 2023: $3,337,398Expenses 2023: $460,810Net Income 2023: $2,876,5882023Revenue 2024: $325,860Expenses 2024: $369,011Net Income 2024: -$43,1512024

Highlighted filing

2019

Revenue$200,123
Expenses$59,854
Net Income$140,269
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.1
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JASON BRIGHTPresident/Treasurer-$0--
ALEX MATUSEVICHVice President/Secretary-$0--
MATTHEW DORNQUASTDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Bright Foundation
EIN
47-2581945
Phone
6126728342
Address
1350 LAGOON AVE NO 830, MINNEAPOLIS, MN 55408

Signing Officer

Name
Jason Bright
Title
President
Phone
6126728342
Signed
2020-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Redpath and Company Ltd
Address
4810 WHITE BEAR PARKWAY, WHITE BEAR LAKE, MN 55110
Preparer
Ashley C Rehn CPA
Phone
6514267000
Raw XML Appendix339 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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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt02500 BLOOMINGTON AVENUE SOUTH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0MINNEAPOLIS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd055404
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt020000
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt03179
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt054725
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt057296
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt057904
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt054117
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt054725
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0JASON BRIGHT AND ALEX MATUSEVICH
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt02100 LAKE OF THE ISLES PARKWAY WEST
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0MINNEAPOLIS
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0MN
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd055405
IRS990ScheduleB/ContributorInformationGrp/NoncashContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0186784
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum01
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum11
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt0184784
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt12000
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc0100 SHARES OF AMAZON.COM (AMZN) STOCK
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc1LAPTOP COMPUTER
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt02019-12-31
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt12020-09-11
IRS990ScheduleB/Organization501c3ExemptPFInd0X
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0IT EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1COMPUTER EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2CREDIT CARD FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0614
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt12000
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2595
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt20
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0614
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt12000
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2595
OtherIncreasesSchedule/OtherIncreasesDetail/Amt0276605
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0CHANGE IN UNREALIZED GAINS/LOSSES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt019250
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt1150
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0OTHER PROFESSIONAL FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1BROKERAGE FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt019250
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt1150
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON BRIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06126728342
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BRIGHT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BRIG
ReturnHeader/Filer/EIN0472581945
ReturnHeader/Filer/PhoneNum06126728342
ReturnHeader/Filer/USAddress/AddressLine1Txt01350 LAGOON AVE NO 830
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055408
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01898B52780F61D73510D6209D41CE2AD766ACB31
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.73.255.238
ReturnHeader/FilingSecurityInformation/IPDt02020-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:03:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410975573
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REDPATH AND COMPANY LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04810 WHITE BEAR PARKWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WHITE BEAR LAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055110
ReturnHeader/PreparerPersonGrp/PhoneNum06514267000
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ASHLEY C REHN CPA
ReturnHeader/ReturnTs02020-11-09T14:36:18-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,631,158
Liabilities
$20,612
Net assets
$1,610,546
Revenue
$200,123
Expenses
$59,854
Net income
$140,269
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.3$0.00$11.3$0.33$0.37$0.04
2023Detailed filing. Detailed filing data is available for this year.$6.88$0.00$6.88$3.34$0.46$2.88
2022Detailed filing. Detailed filing data is available for this year.$3.79$0.00$3.79$0.36$0.45$0.09
2021Detailed filing. Detailed filing data is available for this year.$11.5$0.00$11.5$0.07$0.16$0.09
2020Detailed filing. Detailed filing data is available for this year.$7.93$0.00$7.93$0.00$0.09$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.63$0.02$1.61$0.20$0.06$0.14
2018Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.01$0.02$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.01$0.08$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.32$0.03$0.28
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$1.57$0.03$1.54