Civic Intelligence

Brighten Academy Inc.

990 • Fiscal year 2015 • EIN 57-1218112

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 10, 2016

5897 Prestley Mill RoadDouglasville, GA 30135

(770) 615-3680

Siviq Scores

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

Liabilities / Assets

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

90th percentile

2.66x

Higher debt load relative to revenue than 90% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

49th percentile

2.9%

Higher net margin than 49% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

41st percentile

-0.5%

Faster asset growth than 41% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

83rd percentile

26%

Faster revenue growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$14,538,100

Down $73,336 (-0.5%) from 2014

Net Assets

Down

$1,509,937

Down $1,450,668 (-49%) from 2014

Liabilities

Up

$13,028,163

Up $1,377,332 (+12%) from 2014

Revenue

Up

$4,901,912

Up $1,011,228 (+26%) from 2014

Expenses

Up

$4,761,891

Up $897,499 (+23%) from 2014

Net Income

Up

$140,021

Up $113,729 (+433%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2011: $3,263,975Liabilities 2011: $2,123,263Net Assets 2011: $1,140,7122011Assets 2012: $3,253,614Liabilities 2012: $1,893,393Net Assets 2012: $1,360,2212012Assets 2013: $4,894,471Liabilities 2013: $1,960,158Net Assets 2013: $2,934,3132013Assets 2014: $14,611,436Liabilities 2014: $11,650,831Net Assets 2014: $2,960,6052014Assets 2015: $14,538,100Liabilities 2015: $13,028,163Net Assets 2015: $1,509,9372015Assets 2016: $14,865,682Liabilities 2016: $13,798,000Net Assets 2016: $1,067,6822016Assets 2017: $15,656,751Liabilities 2017: $15,036,535Net Assets 2017: $620,2162017Assets 2018: $15,000,430Liabilities 2018: $17,675,162Net Assets 2018: -$2,674,7322018Assets 2019: $15,377,708Liabilities 2019: $18,072,794Net Assets 2019: -$2,695,0862019Assets 2020: $16,654,303Liabilities 2020: $19,932,001Net Assets 2020: -$3,277,6982020Assets 2021: $17,304,766Liabilities 2021: $21,307,582Net Assets 2021: -$4,002,8162021Assets 2022: $17,160,761Liabilities 2022: $20,274,250Net Assets 2022: -$3,113,4892022Assets 2023: $19,279,883Liabilities 2023: $23,314,774Net Assets 2023: -$4,034,8912023Assets 2024: $16,243,526Liabilities 2024: $22,426,455Net Assets 2024: -$6,182,9292024Assets 2025: $16,045,516Liabilities 2025: $22,312,716Net Assets 2025: -$6,267,2002025

Highlighted filing

2015

Assets$14,538,100
Liabilities$13,028,163
Net Assets$1,509,937

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,263,0852011Revenue 2012: $2,362,141Expenses 2012: $2,142,632Net Income 2012: $219,5092012Expenses 2013: $2,712,8912013Revenue 2014: $3,890,684Expenses 2014: $3,864,392Net Income 2014: $26,2922014Revenue 2015: $4,901,912Expenses 2015: $4,761,891Net Income 2015: $140,0212015Revenue 2016: $5,466,631Expenses 2016: $5,508,872Net Income 2016: -$42,2412016Revenue 2017: $6,206,222Expenses 2017: $6,392,890Net Income 2017: -$186,6682017Revenue 2018: $6,495,623Expenses 2018: $6,882,777Net Income 2018: -$387,1542018Revenue 2019: $7,508,903Expenses 2019: $7,529,257Net Income 2019: -$20,3542019Revenue 2020: $7,623,766Expenses 2020: $8,206,378Net Income 2020: -$582,6122020Revenue 2021: $8,342,588Expenses 2021: $9,067,706Net Income 2021: -$725,1182021Revenue 2022: $8,948,235Expenses 2022: $8,058,908Net Income 2022: $889,3272022Revenue 2023: $8,606,436Expenses 2023: $9,527,838Net Income 2023: -$921,4022023Revenue 2024: $10,164,690Expenses 2024: $12,312,728Net Income 2024: -$2,148,0382024Revenue 2025: $10,338,852Expenses 2025: $10,423,123Net Income 2025: -$84,2712025

Highlighted filing

2015

Revenue$4,901,912
Expenses$4,761,891
Net Income$140,021
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 10, 2016
Return Version
2014v6.0
Gross Receipts
$4,915,193
Mission and Program Overview

Mission

To provide a productive learning environment with a highly qualified staff committed to using an innovative, research based instructional model that produces measured growth in every student every year.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,642,075$11,397,919▲ $8,755,844
Cash and Non-Interest-Bearing Accounts$8,488,505$2,519,751▼ $5,968,754
Rtn Earn Endowment Incm Other Fnds$2,960,605$1,509,937▼ $1,450,668
Pledges and Grants Receivable$23,247$177,766▲ $154,519
Prepaid Expenses and Deferred Charges$29,505$28,090▼ $1,415
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$14,611,436$14,538,100▼ $73,336
Other Assets Total$3,428,104$414,574▼ $3,013,530
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,500,000$10,500,000→ $0
Accounts Payable and Accrued Expenses$1,150,831$2,528,163▲ $1,377,332
Total Liabilities$11,650,831$13,028,163▲ $1,377,332
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,960,605$1,509,937▼ $1,450,668
Total Liabilities and Net Assets / Fund Balance$14,611,436$14,538,100▼ $73,336

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,188,376$734,338$10,922,714
Land$827,053-$827,053
Equipment$382,490$104,169$486,659
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jason MaddoxPresident
Coriya FalkerVice President
Jaime HolveyBoard Member
Kim SandersBoard Member
Marsi ThrashBoard Member
Melissa WallisBoard Member
Pamela LeeBoard Member
Kelly BemusSecretary
Nick SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,673,023
Program Service Revenue
$202,412
Investment Income
$1,385
Other Revenue
$25,092
All Other Contributions
$179,268
Change in Net Assets
$140,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,915,193
Revenue Not Reported on Financial Statements
$-13,281
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-13,281
Total Revenue per Audited Statements
$4,915,193
Total Revenue per Form 990
$4,901,912
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,915,437
Other Expenses$1,846,454
Total Fundraising Expense$50,581
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,923,444$213,716-$2,137,160
Interest$786,121--$786,121
Other Employee Benefits$353,514$39,279-$392,793
Payroll Taxes$346,936$38,548-$385,484
Occupancy$214,335$23,815-$238,150
Depreciation Depletion$151,103--$151,103
Information Technology$95,823$10,647-$106,470
Office Expenses$92,734$10,304-$103,038
Advertising--$50,581$50,581
Insurance$28,843$3,205-$32,048
Other Expenses$24,154$2,684$0$26,838
All Other Expenses$13,345$110-$13,455
Fees for Services Other-$13,317-$13,317
Travel$5,110$568-$5,678
Conferences and Meetings$1,500--$1,500
Total Functional Expenses$4,348,433$362,877$50,581$4,761,891

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,775,172
Expenses per Audited Statements$4,761,891
Total Expenses per Form 990$4,761,891
Expenses Not Reported on Form 990$13,281
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$38,373
Fundraising Direct Expenses$13,281
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Boots & Bling Gala$23,161$23,161$782$22,379
Golf Tournament$7,213$7,213$558$6,655
Total Events$117,204$38,373$13,281$25,092
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
Yes
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 B, Line 11

After the form 990 is prepared by an outside cpa, the form is reviewed by the treasurer and finance committee and subsequently reviewed by the board of directors. Once the form has been examined, including the accompanying schedules and statements, and is deemed to the best of knowledge and belief to be true, correct, and complete, the board president approves the form based on the recommendation from the finance committee. Upon approval, the board president signs the required forms and they are filed appropriately.

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

Each board member executes an annual commitment agreement related to their responsibilities and fully discloses any business and personal relationships that may give rise to a potential or actual conflict or interest as provided by the academy.

Form 990, Part VI, Section B, Line 15

All compensation is determined by the staffing committee. A compensation survey or study is conducted and approved by the staffing committee through comparability data including the douglas county georgia school system, the state scale, and the laws, regulations, and rules applicable to the georgia charter schools.

Form 990, Part VI, Section C, Line 19

The academy makes its governing documents, conflict of interest policy, and financial statements available to the public upon request at the academy's douglasville, georgia location.

Filing and Contact Details

Filer

Filer Name
Brighten Academy Inc
EIN
57-1218112
Phone
7706153680
Address
5897 PRESTLEY MILL ROAD, DOUGLASVILLE, GA 30135

Signing Officer

Name
President
Title
President
Phone
7706153680
Signed
2016-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Maddox
Formed
2005
Legal Domicile
Ga
Voting Board Members
10
Independent Board Members
10
Employees
82
Volunteers
450

Preparer

Firm
Eric B Conkright CPA
Address
11885 LEEWARD WALK CIRCLE, ALPHARETTA, GA 30005
Preparer
Eric Conkright
Phone
4046256373
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Restatement for implementation of gasb stmt no 68: net pension liability as of june 30, 2014 -2,475,378. Deferred outflows of resources- subsequent contributions 221,964.

FORM 990, PART XII, LINE 2C:

The academy has an audit committee that assumes responsibility for oversight of the audit of the organization's financial statements and selection of an independent accountant.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Direct expenses from fundraising events -13,281.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct expenses from fundraising events 13,281.

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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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IRS990/Desc0BRIGHTEN ACADEMY, INC. IS RESPONSIBLE FOR THE PUBLIC EDUCATION OF ALL STUDENTS ATTENDING THE SCHOOL. THE CHARTER SCHOOL WAS CREATED THROUGH A CONTRACT BETWEEN THE DOUGLAS COUNTY SCHOOL DISTRICT AND THE CHARTER SCHOOL WHERE BY ALL STATE FUNDING ASSOCIATED WITH THE STUDENTS ATTENDING THE CHARTER SCHOOL AND CERTAIN SPECIFIED LOCAL FUNDS ARE TURNED OVER TO THE CHARTER SCHOOL TO COVER THE COST OF ITS OPERATIONS.
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IRS990/OccupancyGrp/ProgramServicesAmt0214335
IRS990/OccupancyGrp/TotalAmt0238150
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010304
IRS990/OfficeExpensesGrp/ProgramServicesAmt092734
IRS990/OfficeExpensesGrp/TotalAmt0103038
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03428104
IRS990/OtherAssetsTotalGrp/EOYAmt0414574
IRS990/OtherChangesInNetAssetsAmt0-2253414
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt039279
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0353514
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0392793
IRS990/OtherExpensesGrp/Desc0FOOD & DRINK
IRS990/OtherExpensesGrp/Desc1REPAIRS, MAINTENANCE &
IRS990/OtherExpensesGrp/Desc2FIELD TRIPS
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16684
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32684
IRS990/OtherExpensesGrp/ProgramServicesAmt0197210
IRS990/OtherExpensesGrp/ProgramServicesAmt160157
IRS990/OtherExpensesGrp/ProgramServicesAmt254104
IRS990/OtherExpensesGrp/ProgramServicesAmt324154
IRS990/OtherExpensesGrp/TotalAmt0197210
IRS990/OtherExpensesGrp/TotalAmt166841
IRS990/OtherExpensesGrp/TotalAmt254104
IRS990/OtherExpensesGrp/TotalAmt326838
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0213716
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01923444
IRS990/OtherSalariesAndWagesGrp/TotalAmt02137160
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt038548
IRS990/PayrollTaxesGrp/ProgramServicesAmt0346936
IRS990/PayrollTaxesGrp/TotalAmt0385484
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt023247
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0177766
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029505
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028090
IRS990/PrincipalOfficerNm0JASON MADDOX
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0AFTER SCHOOL PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc1FIELD TRIP REIMBURSEME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0147761
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt154651
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0147761
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt154651
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03727898
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01612
IRS990/PYOtherExpensesAmt01553710
IRS990/PYOtherRevenueAmt025946
IRS990/PYProgramServiceRevenueAmt0135228
IRS990/PYRevenuesLessExpensesAmt026292
IRS990/PYSalariesCompEmpBnftPaidAmt02310682
IRS990/PYTotalExpensesAmt03864392
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03890684
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0140021
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04901912
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02960605
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01509937
IRS990ScheduleA/SchoolInd0X
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/BuildingsGrp/BookValueAmt010188376
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0734338
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010922714
IRS990ScheduleD/EquipmentGrp/BookValueAmt0382490
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0104169
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0486659
IRS990ScheduleD/ExpensesNotReportedAmt013281
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04761891
IRS990ScheduleD/LandGrp/BookValueAmt0827053
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0827053
IRS990ScheduleD/OtherExpensesIncludedAmt013281
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-13281
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-13281
IRS990ScheduleD/RevenueSubtotalAmt04915193
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT EXPENSES FROM FUNDRAISING EVENTS -13,281.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT EXPENSES FROM FUNDRAISING EVENTS 13,281.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011397919
IRS990ScheduleD/TotalExpensesPerForm990Amt04761891
IRS990ScheduleD/TotalRevenuePerForm990Amt04901912
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04915193
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04775172
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS CHARTER WHICH IS AVAILABLE TO THE PUBLIC UPON REQUEST AND ON THE WEBSITE, WWW.BRIGHTENACADEMY.COM.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY RECEIVES FUNDING FROM THE STATE OF GEORGIA AND THE DOUGLAS COUNTY, GEORGIA BOARD OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt078831
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt078831
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013281
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt01500
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BOOTS & BLING GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03958
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0920
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt0925
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05803
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023161
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07213
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt086830
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0117204
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023161
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt07213
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt07999
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt038373
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt025092
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt01801
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesOtherEventsAmt030
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01831
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt01098
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02438
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0782
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0558
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01684
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt025
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01709
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AFTER THE FORM 990 IS PREPARED BY AN OUTSIDE CPA, THE FORM IS REVIEWED BY THE TREASURER AND FINANCE COMMITTEE AND SUBSEQUENTLY REVIEWED BY THE BOARD OF DIRECTORS. ONCE THE FORM HAS BEEN EXAMINED, INCLUDING THE ACCOMPANYING SCHEDULES AND STATEMENTS, AND IS DEEMED TO THE BEST OF KNOWLEDGE AND BELIEF TO BE TRUE, CORRECT, AND COMPLETE, THE BOARD PRESIDENT APPROVES THE FORM BASED ON THE RECOMMENDATION FROM THE FINANCE COMMITTEE. UPON APPROVAL, THE BOARD PRESIDENT SIGNS THE REQUIRED FORMS AND THEY ARE FILED APPROPRIATELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER EXECUTES AN ANNUAL COMMITMENT AGREEMENT RELATED TO THEIR RESPONSIBILITIES AND FULLY DISCLOSES ANY BUSINESS AND PERSONAL RELATIONSHIPS THAT MAY GIVE RISE TO A POTENTIAL OR ACTUAL CONFLICT OR INTEREST AS PROVIDED BY THE ACADEMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL COMPENSATION IS DETERMINED BY THE STAFFING COMMITTEE. A COMPENSATION SURVEY OR STUDY IS CONDUCTED AND APPROVED BY THE STAFFING COMMITTEE THROUGH COMPARABILITY DATA INCLUDING THE DOUGLAS COUNTY GEORGIA SCHOOL SYSTEM, THE STATE SCALE, AND THE LAWS, REGULATIONS, AND RULES APPLICABLE TO THE GEORGIA CHARTER SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ACADEMY'S DOUGLASVILLE, GEORGIA LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RESTATEMENT FOR IMPLEMENTATION OF GASB STMT NO 68: NET PENSION LIABILITY AS OF JUNE 30, 2014 -2,475,378. DEFERRED OUTFLOWS OF RESOURCES- SUBSEQUENT CONTRIBUTIONS 221,964.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ACADEMY HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$22.3$6.27$10.3$10.4$0.08
2024Summary only. Only limited summary data is available for this year.$16.2$22.4$6.18$10.2$12.3$2.15
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$23.3$4.03$8.61$9.53$0.92
2022Summary only. Only limited summary data is available for this year.$17.2$20.3$3.11$8.95$8.06$0.89
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.3$21.3$4.00$8.34$9.07$0.73
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$19.9$3.28$7.62$8.21$0.58
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$18.1$2.70$7.51$7.53$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$17.7$2.67$6.50$6.88$0.39
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.7$15.0$0.62$6.21$6.39$0.19
2016Summary only. Only limited summary data is available for this year.$14.9$13.8$1.07$5.47$5.51$0.04
2015Detailed filing. Detailed filing data is available for this year.$14.5$13.0$1.51$4.90$4.76$0.14
2014Detailed filing. Detailed filing data is available for this year.$14.6$11.7$2.96$3.89$3.86$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.89$1.96$2.93$2.71
2012Summary only. Only limited summary data is available for this year.$3.25$1.89$1.36$2.36$2.14$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$2.12$1.14$2.26