Civic Intelligence

The Bright Foundation Inc

990EZ • Fiscal year 2023 • EIN 84-2432199

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 29, 2024

Organization Profilehispafest.net
7036 NW 116 CourtDoral, FL 33178

(954) 804-1752

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

45th percentile

0.7%

Higher net margin than 45% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

96th percentile

263%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

259%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$287

Up $208 (+263%) from 2022

Net Assets

Up

$287

Up $208 (+263%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin45th percentile

Revenue

Up

$31,034

Up $22,391 (+259%) from 2022

Expenses

Up

$30,810

Up $22,055 (+252%) from 2022

Net Income

Up

$224

Up $336 (+300%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$3.0K$2.0K$1.0K$0Assets 2019: $1,865Liabilities 2019: $0Net Assets 2019: $1,8652019Assets 2020: $261Liabilities 2020: $0Net Assets 2020: $2612020Assets 2021: $174Liabilities 2021: $0Net Assets 2021: $1742021Assets 2022: $79Liabilities 2022: $0Net Assets 2022: $792022Assets 2023: $287Liabilities 2023: $0Net Assets 2023: $2872023Assets 2024: $2,763Liabilities 2024: $0Net Assets 2024: $2,7632024

Highlighted filing

2023

Assets$287
Liabilities$0
Net Assets$287
Open 2023 Filing

Operations Trend

Revenue Growth96th percentile

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

$40K$30K$20K$10K$0-$10KRevenue 2019: $5,159Expenses 2019: $3,294Net Income 2019: $1,8652019Revenue 2020: $22,393Expenses 2020: $23,997Net Income 2020: -$1,6042020Revenue 2021: $15,398Expenses 2021: $15,485Net Income 2021: -$872021Revenue 2022: $8,643Expenses 2022: $8,755Net Income 2022: -$1122022Revenue 2023: $31,034Expenses 2023: $30,810Net Income 2023: $2242023Revenue 2024: $11,509Expenses 2024: $9,033Net Income 2024: $2,4762024

Highlighted filing

2023

Revenue$31,034
Expenses$30,810
Net Income$224
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 29, 2024
Return Version
2023v5.0
Gross Receipts
$31,034
Mission and Program Overview

Mission

Promote events artists, culture and social to increase the community culture environment and artists work

Promote hispanoamerican art in the usa

Program Services

DescriptionGrantsExpenses
ANNUAL FESTIVAL IN MIAMI. COLOR OF MIAMI INVITE ARTISTS TO SHOW THEIR PIECES$5,444$5,444
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NUBIA ABAJIPresident-$0--
Filing and Contact Details

Filer

Filer Name
The Bright Foundation Inc
EIN
84-2432199
Address
7036 NW 116 COURT, DORAL, FL 33178

Signing Officer

Name
Nubia Abaji
Title
President
Phone
9548041752
Signed
2024-04-29
Discuss with paid preparer
No

Preparer

Firm
All Financial Services LLC
Address
9101 Lakeridge BLVD STE 22, Boca Raton, FL 33496
Preparer
Yenny Araque
Phone
5612709877
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description Amountbank fees 142go daddy suscriptions 478supplies 1,965artists paid 725marketing 1,950gas 554parking 628insurance 715set up events 300rent 8,362consulting 4,482janitorial serv 1,793printing 2,640license 61phone service 360facebook adv 254catering 2,894uniforms 539event networking 271utilities 1,697”

Raw XML Appendix125 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0NUBIA ABAJI
IRS990EZ/BooksInCareOfDetail/PhoneNum09548041752
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07036 NW 116 COURT
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Miami
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033178
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt063
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0287
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt031034
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0224
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt063
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0287
IRS990EZ/GrossReceiptsAmt031034
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt063
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0287
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt063
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0287
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0NUBIA ABAJI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt030810
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PrimaryExemptPurposeTxt0PROMOTE HISPANOAMERICAN ART IN THE USA
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ANNUAL FESTIVAL IN MIAMI. COLOR OF MIAMI INVITE ARTISTS TO SHOW THEIR PIECES
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt05444
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt05444
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt030810
IRS990EZ/TotalProgramServiceExpensesAmt05444
IRS990EZ/TotalRevenueAmt031034
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0hispafest.net
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt031034
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt08643
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt015398
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt021393
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt076469
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt076469
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt031034
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt08643
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt015398
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt021393
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/Total509Grp/TotalAmt076469
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt031034
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt08643
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt015398
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt021393
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt076469
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description Amountbank fees 142go daddy suscriptions 478supplies 1,965artists paid 725marketing 1,950gas 554parking 628insurance 715set up events 300rent 8,362consulting 4,482janitorial serv 1,793printing 2,640license 61phone service 360facebook adv 254catering 2,894uniforms 539event networking 271utilities 1,697
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0NUBIA ABAJI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09548041752
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BRIGHT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BRIG
ReturnHeader/Filer/EIN0842432199
ReturnHeader/Filer/USAddress/AddressLine1Txt07036 NW 116 COURT
ReturnHeader/Filer/USAddress/CityNm0DORAL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033178
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843256463
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0All Financial Services LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09101 Lakeridge BLVD STE 22
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Boca Raton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033496
ReturnHeader/PreparerPersonGrp/PhoneNum05612709877
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Yenny Araque
ReturnHeader/ReturnTs02024-04-30T18:44:37-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NUBIA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ABAJI
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$287
Liabilities
$0
Net assets
$287
Revenue
$31,034
Expenses
$30,810
Net income
$224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.76$0.00$2.76$11.5$9.03$2.48
2023Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$31.0$30.8$0.22
2022Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$8.64$8.76$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$15.4$15.5$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$22.4$24.0$1.60
2019Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$5.16$3.29$1.87