Civic Intelligence

The Bright Foundation Inc

990 • Fiscal year 2020 • EIN 84-2432199

Jan 01, 2020 to Dec 31, 2020 • Filed on May 23, 2022

Organization Profilehispafest.net
575 Crandon Blvd Ste 801Key Biscayne, FL 33149

(954) 804-1752

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

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

Liabilities / Revenue

55th percentile

0.00x

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

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

Net Margin

31st percentile

-7.2%

Higher net margin than 31% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

3rd percentile

-86%

Faster asset growth than 3% of similar nonprofits.

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

Revenue Growth

98th percentile

334%

Faster revenue growth than 98% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$261

Down $1,604 (-86%) from 2019

Net Assets

Down

$261

Down $1,604 (-86%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin31st percentile

Revenue

Up

$22,393

Up $17,234 (+334%) from 2019

Expenses

Up

$23,997

Up $20,703 (+629%) from 2019

Net Income

Down

-$1,604

Down $3,469 (-186%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2020

Assets$261
Liabilities$0
Net Assets$261
Open 2020 Filing

Operations Trend

Revenue Growth98th 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

2020

Revenue$22,393
Expenses$23,997
Net Income-$1,604
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 23, 2022
Return Version
2020v4.1
Gross Receipts
$22,393
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,865$261▼ $1,604
Rtn Earn Endowment Incm Other Fnds$1,865$261▼ $1,604
Total Assets$1,865$261▼ $1,604
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,865$261▼ $1,604
Total Liabilities and Net Assets / Fund Balance$1,865$261▼ $1,604
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Nubia AbajiPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$22,393
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$22,393
Change in Net Assets
$-1,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,997
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$8,895--$8,895
Conferences and Meetings$7,698--$7,698
Office Expenses$4,485--$4,485
Advertising$2,110--$2,110
Fees for Services Other$809--$809
Total Functional Expenses$23,997$0$0$23,997
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
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“they body check form 990 before”

Governing documents etc available to public Part VI line 19

“by asking to members”

Filing and Contact Details

Filer

Filer Name
The Bright Foundation
EIN
84-2432199
Address
575 CRANDON BLVD STE 801, Key Biscayne, FL 33149

Signing Officer

Name
Nubia Abaji
Title
Ambr
Phone
9548041752
Signed
2022-05-23
Discuss with paid preparer
No

Organization Details

Formed
2019
Legal Domicile
Fl
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
All Financial Services
Address
1451 WEST CYPRESS CREEK RD, Fort Lauderdale, FL 33309
Preparer
Yenny Araque
Phone
5612709877
Raw XML Appendix241 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.

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IRS990/IRPDocumentCnt00
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$261
Liabilities
$0
Net assets
$261
Revenue
$22,393
Expenses
$23,997
Net income
-$1,604
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