Civic Intelligence

Bright Smiles Foundation

990EZ • Fiscal year 2022 • EIN 83-0901351

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 23, 2023

5655 Silver Creek Valley Rd Ste 157San Jose, CA 95138

(408) 478-3679

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

25th percentile

-11%

Higher net margin than 25% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

19th percentile

-25%

Faster asset growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

-7.2%

Faster revenue growth than 34% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$36,661

Down $12,437 (-25%) from 2021

Net Assets

Down

$36,661

Down $12,437 (-25%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$113,812

Down $8,812 (-7.2%) from 2021

Expenses

Up

$126,249

Up $45,950 (+57%) from 2021

Net Income

Down

-$12,437

Down $54,762 (-129%) from 2021

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2021: $49,098Liabilities 2021: $0Net Assets 2021: $49,0982021Assets 2022: $36,661Liabilities 2022: $0Net Assets 2022: $36,6612022Assets 2023: $41,936Liabilities 2023: $0Net Assets 2023: $41,9362023Assets 2024: $17,028Liabilities 2024: $0Net Assets 2024: $17,0282024

Highlighted filing

2022

Assets$36,661
Liabilities$0
Net Assets$36,661

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2021: $122,624Expenses 2021: $80,299Net Income 2021: $42,3252021Revenue 2022: $113,812Expenses 2022: $126,249Net Income 2022: -$12,4372022Revenue 2023: $98,423Expenses 2023: $93,148Net Income 2023: $5,2752023Revenue 2024: $79,990Expenses 2024: $104,898Net Income 2024: -$24,9082024

Highlighted filing

2022

Revenue$113,812
Expenses$126,249
Net Income-$12,437
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 23, 2023
Return Version
2022v5.0
Gross Receipts
$113,812
Mission and Program Overview

Mission

Please see attached statement in sch o

Program Services

DescriptionGrantsExpenses
PLEASE SEE ATTACHED STATEMENT IN SCH O-$126,249
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
FATMA ELASHMAWICEOPT$0--
ZEINA GADSecretary-$0--
SHERINE ELZARKATreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Bright Smile Foundation
EIN
83-0901351
Address
5655 SILVER CREEK VALLEY RD STE 157, SAN JOSE, CA 95138

Signing Officer

Name
Fatma Elashmawi
Title
President
Phone
4084783679
Signed
2023-06-23
Discuss with paid preparer
No

Preparer

Firm
Micro Tax Audit Accounting Svcs Llp
Address
2350 MISSION COLLEGE BLVD 475, SANTA CLARA, CA 95054
Preparer
Muhammad A Haroon
Phone
4089869829
Supplemental Narrative

Additional Explanations

General explanation attachment

Objective and mission statement:bright smile foundation is a bay area nonprofit organization founded in 2019 to provide families in the san francisco bay area with financial resources to help them weather their hardship as they are on the path to economic self-reliance. Unlike other support organizations, we provide financial assistance with rent, utility bills, healthcare bills, and similar obligations. Our financial solutions are intended to be temporary and complementary to other community support services available to our community. After screening over 100+ families and individuals, we authorized support for more than 65 clients in desperate need of assistance. Last year, we have provided over $110,000 to support our community, and we almost doubled our client base. 100% of all donations support our clients, and none of the funds go to overhead.future goals:many recent studies show how the bay areas poverty level is growing and how 50% of bay area residents cant pay their bills at least once during the year. And with inflation on the rise, the need to support families to weather hardship will grow. Our goal is to acquire more funds to help the increasing number of those who need assistance with rent, basic essentials, and health-related expenses.

Description of other expenses Part I line 16

Description amountweb server services 688annual registration 40food support programs 1,000housing and utilities support prog. 110,254professional fee 800family and individual oth exp supp. 12,997secretary of state filing fee 75office expenses 395

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OBJECTIVE AND MISSION STATEMENT:BRIGHT SMILE FOUNDATION IS A BAY AREA NONPROFIT ORGANIZATION FOUNDED IN 2019 TO PROVIDE FAMILIES IN THE SAN FRANCISCO BAY AREA WITH FINANCIAL RESOURCES TO HELP THEM WEATHER THEIR HARDSHIP AS THEY ARE ON THE PATH TO ECONOMIC SELF-RELIANCE. UNLIKE OTHER SUPPORT ORGANIZATIONS, WE PROVIDE FINANCIAL ASSISTANCE WITH RENT, UTILITY BILLS, HEALTHCARE BILLS, AND SIMILAR OBLIGATIONS. OUR FINANCIAL SOLUTIONS ARE INTENDED TO BE TEMPORARY AND COMPLEMENTARY TO OTHER COMMUNITY SUPPORT SERVICES AVAILABLE TO OUR COMMUNITY. AFTER SCREENING OVER 100+ FAMILIES AND INDIVIDUALS, WE AUTHORIZED SUPPORT FOR MORE THAN 65 CLIENTS IN DESPERATE NEED OF ASSISTANCE. LAST YEAR, WE HAVE PROVIDED OVER $110,000 TO SUPPORT OUR COMMUNITY, AND WE ALMOST DOUBLED OUR CLIENT BASE. 100% OF ALL DONATIONS SUPPORT OUR CLIENTS, AND NONE OF THE FUNDS GO TO OVERHEAD.FUTURE GOALS:MANY RECENT STUDIES SHOW HOW THE BAY AREAS POVERTY LEVEL IS GROWING AND HOW 50% OF BAY AREA RESIDENTS CANT PAY THEIR BILLS AT LEAST ONCE DURING THE YEAR. AND WITH INFLATION ON THE RISE, THE NEED TO SUPPORT FAMILIES TO WEATHER HARDSHIP WILL GROW. OUR GOAL IS TO ACQUIRE MORE FUNDS TO HELP THE INCREASING NUMBER OF THOSE WHO NEED ASSISTANCE WITH RENT, BASIC ESSENTIALS, AND HEALTH-RELATED EXPENSES.
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