Civic Intelligence

The Bright Foundation

990PF • Fiscal year 2023 • EIN 47-2581945

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization Profile
225 South 6th Street Ste 4125Minneapolis, MN 55402

(612) 672-8342

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • $5M-$10M nonprofits • Source year 2023

Net Margin

96th percentile

86%

Higher net margin than 96% of similar nonprofits.

2023 filings • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2023 filings • $5M-$10M nonprofits • Source year 2023

Asset Growth

95th percentile

81%

Faster asset growth than 95% of similar nonprofits.

2023 filings • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

840%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$6,884,862

Up $3,090,103 (+81%) from 2022

Net Assets

Up

$6,884,862

Up $3,090,103 (+81%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin96th percentile

Revenue

Up

$3,337,398

Up $2,982,260 (+840%) from 2022

Expenses

Up

$460,810

Up $12,553 (+2.8%) from 2022

Net Income

Up

$2,876,588

Up $2,969,707 (+3189%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2023

Assets$6,884,862
Liabilities$0
Net Assets$6,884,862
Open 2023 Filing

Operations Trend

Revenue Growth98th 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

2023

Revenue$3,337,398
Expenses$460,810
Net Income$2,876,588
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

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

Filer

Filer Name
The Bright Foundation
EIN
47-2581945
Phone
6126728342
Address
225 SOUTH 6TH STREET STE 4125, MINNEAPOLIS, MN 55402

Signing Officer

Name
Jason Bright
Title
President
Phone
6126728342
Signed
2024-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Redpath and Company LLC
Address
4810 WHITE BEAR PARKWAY, WHITE BEAR LAKE, MN 55110
Preparer
Jonathan Fortin
Phone
6514267000
Raw XML Appendix300 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/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt05358
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt0421324
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0268639
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0426682
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt0263281
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt0421324
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0COMPUTER EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt032
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt032
OtherIncreasesSchedule/OtherIncreasesDetail/Amt0213515
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0CHANGE IN UNREALIZED GAINS/LOSSES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt037000
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt131275
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0OTHER PROFESSIONAL FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1BROKERAGE FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt037000
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt131275
TaxesSchedule/TaxesDetail/Amt02394
TaxesSchedule/TaxesDetail/CategoryTxt0IRS PAYMENTS
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON BRIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06126728342
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BRIGHT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BRIG
ReturnHeader/Filer/EIN0472581945
ReturnHeader/Filer/PhoneNum06126728342
ReturnHeader/Filer/USAddress/AddressLine1Txt0225 SOUTH 6TH STREET STE 4125
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055402
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0920370318
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REDPATH AND COMPANY LLC
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/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN FORTIN
ReturnHeader/ReturnTs02024-11-15T10:27:50-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,884,862
Liabilities
$0
Net assets
$6,884,862
Revenue
$3,337,398
Expenses
$460,810
Net income
$2,876,588
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