Civic Intelligence

The Bright Foundation

990PF • Fiscal year 2020 • EIN 47-2581945

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 27, 2021

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

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.85x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Source year 2020

Net Margin

1st percentile

-6052%

Higher net margin than 1% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2020 filings • $5M-$10M nonprofits • Source year 2020

Asset Growth

99th percentile

386%

Faster asset growth than 99% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$7,929,427

Up $6,298,269 (+386%) from 2019

Net Assets

Up

$7,928,112

Up $6,317,566 (+392%) from 2019

Liabilities

Down

$1,315

Down $19,297 (-94%) from 2019

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin1st percentile

Revenue

Down

$1,539

Down $198,584 (-99%) from 2019

Expenses

Up

$94,682

Up $34,828 (+58%) from 2019

Net Income

Down

-$93,143

Down $233,412 (-166%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th 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

2020

Assets$7,929,427
Liabilities$1,315
Net Assets$7,928,112
Open 2020 Filing

Operations Trend

Revenue Growth1st 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

2020

Revenue$1,539
Expenses$94,682
Net Income-$93,143
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 27, 2021
Return Version
2020v4.1
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALEX MATUSEVICHVice President/Secretary-$0--
JASON BRIGHTPresident/Treasurer-$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
2021-09-27
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 Appendix306 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/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt054117
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0183589
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt092919
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt0144787
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt054117
LegalFeesSchedule/LegalFeesGrp/CategoryTxt0LEGAL FEES
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt0155
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt0310
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt0155
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0IT EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1COMPUTER EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt01331
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt11620
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt01331
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt11620
OtherIncreasesSchedule/OtherIncreasesDetail/Amt06410709
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0CHANGE IN UNREALIZED GAINS/LOSSES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt035955
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt1150
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt219900
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0OTHER PROFESSIONAL FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1BROKERAGE FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt2BOARD ADVISOR FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt035955
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt219900
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt1150
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt20
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON BRIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06126728342
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-27
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/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/PreparationDt02021-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ASHLEY C REHN CPA
ReturnHeader/ReturnTs02021-09-30T11:11:26-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JASON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BRIGHT
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,929,427
Liabilities
$1,315
Net assets
$7,928,112
Revenue
$1,539
Expenses
$94,682
Net income
-$93,143
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