Civic Intelligence

Bright Prospect

990 • Fiscal year 2017 • EIN 52-2363234

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 11, 2017

1460 E Holt AvePomona, CA 91767

(909) 623-9007

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

53rd percentile

4.0%

Higher net margin than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

53rd percentile

4.2%

Faster asset growth than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

29th percentile

-3.6%

Faster revenue growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,819,299

Up $73,056 (+4.2%) from 2016

Net Assets

Up

$1,786,052

Up $96,025 (+5.7%) from 2016

Liabilities

Down

$33,247

Down $22,969 (-41%) from 2016

Revenue

Down

$2,443,362

Down $89,977 (-3.6%) from 2016

Expenses

Down

$2,346,386

Down $4,982 (-0.2%) from 2016

Net Income

Down

$96,976

Down $84,995 (-47%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $793,308Liabilities 2011: $0Net Assets 2011: $793,3082011Assets 2012: $1,074,669Liabilities 2012: $11,724Net Assets 2012: $1,062,9452012Assets 2013: $1,320,567Liabilities 2013: $1,880Net Assets 2013: $1,318,6872013Assets 2014: $1,476,738Liabilities 2014: $26,341Net Assets 2014: $1,450,3972014Assets 2015: $1,556,242Liabilities 2015: $46,358Net Assets 2015: $1,509,8842015Assets 2016: $1,746,243Liabilities 2016: $56,216Net Assets 2016: $1,690,0272016Assets 2017: $1,819,299Liabilities 2017: $33,247Net Assets 2017: $1,786,0522017Assets 2018: $1,955,784Liabilities 2018: $94,827Net Assets 2018: $1,860,9572018Assets 2019: $2,111,902Liabilities 2019: $175,548Net Assets 2019: $1,936,3542019Assets 2020: $1,946,020Liabilities 2020: $350,084Net Assets 2020: $1,595,9362020Assets 2021: $2,525,553Liabilities 2021: $201,316Net Assets 2021: $2,324,2372021Assets 2022: $3,297,264Liabilities 2022: $168,024Net Assets 2022: $3,129,2402022Assets 2023: $3,795,332Liabilities 2023: $99,770Net Assets 2023: $3,695,5622023Assets 2024: $3,723,643Liabilities 2024: $163,970Net Assets 2024: $3,559,6732024Assets 2025: $4,316,068Liabilities 2025: $169,899Net Assets 2025: $4,146,1692025

Highlighted filing

2017

Assets$1,819,299
Liabilities$33,247
Net Assets$1,786,052

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $828,7022011Expenses 2012: $1,166,4302012Expenses 2013: $1,473,4112013Revenue 2014: $1,938,629Expenses 2014: $1,806,919Net Income 2014: $131,7102014Revenue 2015: $2,208,178Expenses 2015: $2,140,638Net Income 2015: $67,5402015Revenue 2016: $2,533,339Expenses 2016: $2,351,368Net Income 2016: $181,9712016Revenue 2017: $2,443,362Expenses 2017: $2,346,386Net Income 2017: $96,9762017Revenue 2018: $2,798,631Expenses 2018: $2,722,957Net Income 2018: $75,6742018Revenue 2019: $2,559,204Expenses 2019: $2,483,863Net Income 2019: $75,3412019Revenue 2020: $2,535,120Expenses 2020: $2,875,538Net Income 2020: -$340,4182020Revenue 2021: $2,635,883Expenses 2021: $1,907,582Net Income 2021: $728,3012021Revenue 2022: $2,662,649Expenses 2022: $1,857,646Net Income 2022: $805,0032022Revenue 2023: $2,772,639Expenses 2023: $2,206,317Net Income 2023: $566,3222023Revenue 2024: $1,788,092Expenses 2024: $1,923,981Net Income 2024: -$135,8892024Revenue 2025: $2,740,975Expenses 2025: $2,154,479Net Income 2025: $586,4962025

Highlighted filing

2017

Revenue$2,443,362
Expenses$2,346,386
Net Income$96,976
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 11, 2017
Return Version
2016v3.0
Gross Receipts
$2,443,362
Mission and Program Overview

Mission

Bright prospect empowers low-income students to gain admission, succeed and graduate from four-year colleges and universities by providing a comprehensive counseling and support system throughout their high school and college years.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$258,355$775,287▲ $516,932
Investments Other Securities$327,864$340,035▲ $12,171
Pledges and Grants Receivable$17,000$262,000▲ $245,000
Savings and Temporary Cash Investments$881,894$236,158▼ $645,736
Land, Buildings, and Equipment, Net$217,001$180,194▼ $36,807
Other Notes and Loans Receivable, Net$35,613$24,713▼ $10,900
Prepaid Expenses and Deferred Charges$6,152--
Intangible Assets$2,364$912▼ $1,452
Total Assets$1,746,243$1,819,299▲ $73,056
Liabilities
Accounts Payable and Accrued Expenses$56,216$33,247▼ $22,969
Total Liabilities$56,216$33,247▼ $22,969
Net Assets / Fund Balance
Unrestricted Net Assets$645,771$978,810▲ $333,039
Temporarily Rstr Net Assets$1,044,256$807,242▼ $237,014
Total Net Assets Fund Balance$1,690,027$1,786,052▲ $96,025
Total Liabilities and Net Assets / Fund Balance$1,746,243$1,819,299▲ $73,056

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$134,718$23,727$158,445
Equipment$45,476$104,037$149,513
Other Securities$290,143--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie CampbellExecutive DirectorFT$100,119$2,612$102,731

Board Members and Trustees

NameTitle
Eric GarenBoard Chair
Alan FoxDirector
Dr Elise MagistroDirector
Dr Michael OrtizDirector
Dr Stephen MorganDirector
Emmett TerrellDirector
Mark WarrenDirector
Matthew NeeleyDirector
Simon RawlinsonDirector
Kyle a WebbDirector and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,439,809
Program Service Revenue
$0
Investment Income
$3,553
Other Revenue
$0
All Other Contributions
$2,418,862
Change in Net Assets
$96,976

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,443,362
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$187,677
Total Revenue per Audited Statements
$2,631,039
Total Revenue per Form 990
$2,443,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,398,454
Grants and Similar Amounts Paid$475,124
Other Expenses$472,808
Total Fundraising Expense$255,138
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$857,067$51,577$129,267$1,037,911
Grants to Domestic Individuals$475,124--$475,124
Office Expenses$159,392$20,692$26,915$206,999
Other Employee Benefits$108,997$6,678$16,709$132,384
Current Officers, Directors, Trustees, and Key Employees$5,490$60,388$43,918$109,796
Payroll Taxes$77,042$10,006$13,007$100,055
Depreciation Depletion-$45,080-$45,080
Insurance-$43,778-$43,778
Other Expenses$27,896-$22,533$22,533
Travel$22,439--$22,439
Pension Plan Contributions$14,097$1,831$2,380$18,308
Occupancy$2,430$316$409$3,155
Total Functional Expenses$1,850,902$240,346$255,138$2,346,386

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,535,014
Expenses per Audited Statements$2,346,386
Total Expenses per Form 990$2,346,386
Expenses Not Reported on Form 990$188,628
Expenses Not Reported on Financial Statements$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Part VI, Section A, line 2

Eric garen -president and stephanie campbell -executive director, cousins.

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

Draft 990 was reviewed by board president, executive director and cfo. Draft was then made available to the entire board for review and comment prior to form 8879-eo being signed to authorize e-filing of the return.

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

Conflict of interest policy is an agenda item of the fall board of directors meeting every year, at which time it is reviewed and re-signed by every board member.

Form 990, Part VI, Section B, line 15A

The governance committee of the board annually reviews the executive director's compensation with respect to years of experience and service, demonstrated performance, and comparable compensation of executive directors in similar non-profit organizations taking into account their varying budgets, staffing levels, constituencies, geographic location and other relevant factors. The committee recommends a compensation package with its rationale for review and approval by the full board

Form 990, Part VI, Section C, line 19

Documents are made available on the website and upon request.

Filing and Contact Details

Filer

Filer Name
Bright Prospect
EIN
52-2363234
Phone
9096239007
Address
1460 E HOLT AVE, POMONA, CA 91767

Signing Officer

Name
Stephanie Campbell
Title
Executive Director
Phone
9096239007
Signed
2017-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Campbell
Formed
2001
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
10
Employees
37
Volunteers
210

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 East Route 66, Glendora, CA 91740
Preparer
Derrick De Bruyne
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

No change from previous year

Financial Statement Notes

Part X, Line 2:

The organization is a non-profit entity exempt from the payment of income taxes under internal revenue code sections 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The organization files informational returns in the u.s federal jurisdiction, and the state of california. The statute of limitations for federal and california state purposes is generally three and four years, respectively.

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt016709
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06678
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0108997
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0132384
IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc1OTHER PROGRAM RELATED E
IRS990/OtherExpensesGrp/Desc2STUDENT MEETINGS AND CU
IRS990/OtherExpensesGrp/Desc3FUNDRAISING
IRS990/OtherExpensesGrp/FundraisingAmt022533
IRS990/OtherExpensesGrp/ProgramServicesAmt057434
IRS990/OtherExpensesGrp/ProgramServicesAmt143494
IRS990/OtherExpensesGrp/ProgramServicesAmt227896
IRS990/OtherExpensesGrp/TotalAmt057434
IRS990/OtherExpensesGrp/TotalAmt143494
IRS990/OtherExpensesGrp/TotalAmt227896
IRS990/OtherExpensesGrp/TotalAmt322533
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0129267
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt051577
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0857067
IRS990/OtherSalariesAndWagesGrp/TotalAmt01037911
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt035613
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt024713
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt013007
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010006
IRS990/PayrollTaxesGrp/ProgramServicesAmt077042
IRS990/PayrollTaxesGrp/TotalAmt0100055
IRS990/PensionPlanContributionsGrp/FundraisingAmt02380
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01831
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014097
IRS990/PensionPlanContributionsGrp/TotalAmt018308
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt017000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0262000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06152
IRS990/PrincipalOfficerNm0STEPHANIE CAMPBELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02524836
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0627225
IRS990/PYInvestmentIncomeAmt07499
IRS990/PYOtherExpensesAmt0315050
IRS990/PYOtherRevenueAmt01004
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0181971
IRS990/PYSalariesCompEmpBnftPaidAmt01409093
IRS990/PYTotalExpensesAmt02351368
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02533339
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt096976
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0881894
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0236158
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02443362
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02593385
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02187362
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01905999
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01706772
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010836880
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt080000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt080000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02602
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05671
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020399
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt028701
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013015
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt070388
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01004
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03024
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03929
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt09365
IRS990ScheduleA/OtherIncome170Grp/TotalAmt017322
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72260
IRS990ScheduleA/PublicSupportPY170Pct00.67990
IRS990ScheduleA/PublicSupportTotal170Amt07951803
IRS990ScheduleA/SubstantialContributorsTotAmt02965077
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02523362
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02593385
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02187362
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01905999
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01706772
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010916880
IRS990ScheduleA/TotalSupportAmt011004590
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0188628
IRS990ScheduleD/DonatedServicesUseFcltsAmt0188628
IRS990ScheduleD/EquipmentGrp/BookValueAmt045476
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0104037
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0149513
IRS990ScheduleD/ExpensesNotReportedAmt0188628
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02346386
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0134718
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt023727
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0158445
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-951
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt049892
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1290143
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MONEY MARKET FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1SHORT TERM BOND FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0187677
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02443362
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTIONS 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ORGANIZATION FILES INFORMATIONAL RETURNS IN THE U.S FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0180194
IRS990ScheduleD/TotalBookValueSecuritiesAmt0340035
IRS990ScheduleD/TotalExpensesPerForm990Amt02346386
IRS990ScheduleD/TotalRevenuePerForm990Amt02443362
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02631039
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02535014
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0475124
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0192
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0BRIGHT PROSPECT GOES THROUGH A RIGOROUS PROCESS OF EVALUATING THE COLLEGE-SUPPLIED FINANCIAL AID OFFER RECEIVED BY EVERY STUDENT WHO APPLIES FOR A SCHOLARSHIP, DETERMINING HOW MUCH UNMET NEED THERE IS, AND CUSTOMIZING THE SCHOLARSHIP TO EACH STUDENT BASED ON NEED, FACTORING IN THEIR TRANSPORTATION, BOOKS, SUPPLIES, HEALTH INSURANCE AND WINTER CLOTHING AS PART OF THEIR BUDGET, IN ADDITION TO TUITION, FEES, ROOM AND BOARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ERIC GAREN -PRESIDENT AND STEPHANIE CAMPBELL -EXECUTIVE DIRECTOR, COUSINS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DRAFT 990 WAS REVIEWED BY BOARD PRESIDENT, EXECUTIVE DIRECTOR AND CFO. DRAFT WAS THEN MADE AVAILABLE TO THE ENTIRE BOARD FOR REVIEW AND COMMENT PRIOR TO FORM 8879-EO BEING SIGNED TO AUTHORIZE E-FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY IS AN AGENDA ITEM OF THE FALL BOARD OF DIRECTORS MEETING EVERY YEAR, AT WHICH TIME IT IS REVIEWED AND RE-SIGNED BY EVERY BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNANCE COMMITTEE OF THE BOARD ANNUALLY REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION WITH RESPECT TO YEARS OF EXPERIENCE AND SERVICE, DEMONSTRATED PERFORMANCE, AND COMPARABLE COMPENSATION OF EXECUTIVE DIRECTORS IN SIMILAR NON-PROFIT ORGANIZATIONS TAKING INTO ACCOUNT THEIR VARYING BUDGETS, STAFFING LEVELS, CONSTITUENCIES, GEOGRAPHIC LOCATION AND OTHER RELEVANT FACTORS. THE COMMITTEE RECOMMENDS A COMPENSATION PACKAGE WITH ITS RATIONALE FOR REVIEW AND APPROVAL BY THE FULL BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE ON THE WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE FROM PREVIOUS YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
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 B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01044256
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0807242
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01746243
IRS990/TotalAssetsEOYAmt01819299
IRS990/TotalAssetsGrp/BOYAmt01746243
IRS990/TotalAssetsGrp/EOYAmt01819299
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02439809
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0255138
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0240346
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01850902
IRS990/TotalFunctionalExpensesGrp/TotalAmt02346386
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt056216
IRS990/TotalLiabilitiesEOYAmt033247
IRS990/TotalLiabilitiesGrp/BOYAmt056216
IRS990/TotalLiabilitiesGrp/EOYAmt033247
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01690027
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01786052

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.32$0.17$4.15$2.74$2.15$0.59
2024Detailed filing. Detailed filing data is available for this year.$3.72$0.16$3.56$1.79$1.92$0.14
2023Detailed filing. Detailed filing data is available for this year.$3.80$0.10$3.70$2.77$2.21$0.57
2022Detailed filing. Detailed filing data is available for this year.$3.30$0.17$3.13$2.66$1.86$0.81
2021Detailed filing. Detailed filing data is available for this year.$2.53$0.20$2.32$2.64$1.91$0.73
2020Detailed filing. Detailed filing data is available for this year.$1.95$0.35$1.60$2.54$2.88$0.34
2019Detailed filing. Detailed filing data is available for this year.$2.11$0.18$1.94$2.56$2.48$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.96$0.09$1.86$2.80$2.72$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.82$0.03$1.79$2.44$2.35$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.75$0.06$1.69$2.53$2.35$0.18
2015Detailed filing. Detailed filing data is available for this year.$1.56$0.05$1.51$2.21$2.14$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.48$0.03$1.45$1.94$1.81$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.00$1.32$1.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.01$1.06$1.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$0.83