Civic Intelligence

Georgia Bright Futures Foundation Inc

EIN 81-2603696 • 501(c)3 • Atlanta, GA

Profile

Scholarships and Tuition Grants

3535 Peachtree RoadAtlanta, GA 30326

gabright.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.83x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

1.21x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

31st percentile

-10.0%

Higher net margin than 31% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

29th percentile

-24%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-81%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$287,302

Down $92,578 (-24%) from 2019

Liabilities

Down

$238,788

Down $72,984 (-23%) from 2019

Net Assets

Down

$48,514

Down $19,594 (-29%) from 2019

Operations
Liabilities / Revenue95th percentileNet Margin31st percentile

Revenue

Down

$196,829

Down $866,595 (-81%) from 2019

Expenses

Down

$216,423

Down $779,517 (-78%) from 2019

Net Income

Down

-$19,594

Down $87,078 (-129%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2017: $13,664Liabilities 2017: $2,577Net Assets 2017: $11,0872017Assets 2018: $1,119Liabilities 2018: $495Net Assets 2018: $6242018Assets 2019: $379,880Liabilities 2019: $311,772Net Assets 2019: $68,1082019Assets 2020: $287,302Liabilities 2020: $238,788Net Assets 2020: $48,5142020

Highlighted filing

2020

Assets$287,302
Liabilities$238,788
Net Assets$48,514
Open 2020 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2017: $116,578Expenses 2017: $105,491Net Income 2017: $11,0872017Revenue 2018: $141,741Expenses 2018: $152,654Net Income 2018: -$10,9132018Revenue 2019: $1,063,424Expenses 2019: $995,940Net Income 2019: $67,4842019Revenue 2020: $196,829Expenses 2020: $216,423Net Income 2020: -$19,5942020

Highlighted filing

2020

Revenue$196,829
Expenses$216,423
Net Income-$19,594
Open 2020 Filing

Filings

Most recent year

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

Open filing
Assets
$287,302
Liabilities
$238,788
Net assets
$48,514
Revenue
$196,829
Expenses
$216,423
Net income
-$19,594
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.24$0.05$0.20$0.22$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.38$0.31$0.07$1.06$1.00$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.14$0.15$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.12$0.11$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$196,829
Mission and Program Overview

Mission

The Organization is a nonprofit Georgia corporation dedicated to offering students from low and middle income families opportunities to attend

Scholarships and Tuition Grants

Program Services

DescriptionGrantsExpenses
Scholarships$0$190,283
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anis SheraliPresident-$0--
Aziz DhananiDirector-$0--
Ahmed AwadDirector-$0--
Tasnim AlamgirTreasurer-$0--
Mohammad O TomehDirector-$0--
Jamal SheikhDirector-$0--
Fareed AhmedDirector-$0--
Filing and Contact Details

Filer

Filer Name
Georgia Bright Futures Foundation Inc
EIN
81-2603696
Phone
4044481576
Address
3535 Peachtree Road, Atlanta, GA 30326

Signing Officer

Name
Ahmed Awad
Title
President
Phone
4044481576
Signed
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Mersereau Lazenby & Rockas LLC
Address
3469 Lawrenceville-Suwanee Rd, Suwanee, GA 30024
Preparer
Lois S Lazenby
Phone
7706146800
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Admin Fees. Amount: 420. Description: Insurance. Amount: 1,249. Description: Office Expense. Amount: 2,810. Description: Bank Charges. Amount: 586. Total to Form 990-EZ, line 16: 5,065.”

Form 990-EZ, Part II, Line 26 - Other Liabilities

“Description: Scholarship Payables. Beg. of Year Amount: 311,772. End of Year Amount: 222,788. Description: Other Payables. Beg. of Year Amount: 0. End of Year Amount: 16,000.”

Raw XML Appendix166 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum04404481576
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt03535 Peachtree Road 520 539
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Atlanta
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd030326
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0379880
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0287302
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
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IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
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IRS990EZ/ExcessOrDeficitForYearAmt0-19594
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IRS990EZ/ForeignOfficeInd00
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt0287302
IRS990EZ/GrossReceiptsAmt0196829
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt048514
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt068108
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt048514
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Anis Sherali
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Aziz Dhanani
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Ahmed Awad
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Tasnim Alamgir
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Mohammad O Tomeh
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Jamal Sheikh
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Fareed Ahmed
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt05065
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Scholarships and Tuition Grants
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Scholarships
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0190283
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0GA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0311772
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0238788
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0216423
IRS990EZ/TotalProgramServiceExpensesAmt0190283
IRS990EZ/TotalRevenueAmt0196829
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0gabright.org
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0196829
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01062474
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0141741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0116578
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01517622
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01517622
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0196829
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01062474
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0141741
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0116578
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01517622
IRS990ScheduleA/TotalSupportAmt01517622
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Admin Fees. Amount: 420. Description: Insurance. Amount: 1,249. Description: Office Expense. Amount: 2,810. Description: Bank Charges. Amount: 586. Total to Form 990-EZ, line 16: 5,065.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Scholarship Payables. Beg. of Year Amount: 311,772. End of Year Amount: 222,788. Description: Other Payables. Beg. of Year Amount: 0. End of Year Amount: 16,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ahmed Awad
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04044481576
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Georgia Bright Futures Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0GEOR
ReturnHeader/Filer/EIN0812603696
ReturnHeader/Filer/PhoneNum04044481576
ReturnHeader/Filer/USAddress/AddressLine1Txt03535 Peachtree Road
ReturnHeader/Filer/USAddress/CityNm0Atlanta
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030326
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582115374
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Mersereau Lazenby & Rockas LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03469 Lawrenceville-Suwanee Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Suwanee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030024
ReturnHeader/PreparerPersonGrp/PhoneNum07706146800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lois S Lazenby
ReturnHeader/ReturnTs02021-11-15T10:20:05-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Ahmed
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Awad
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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