BRIGHTSTONE INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BRIGHTSTONE INC (EIN 62-1783260)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-08-14
IRS object ID
202432279349302018
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-08-14T16:26:24-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN450491842PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BLANKENSHIP CPA GROUP PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1101 WINNERS CIRCLEAddressLine1Txt
CityBRENTWOODCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37027ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN621783260EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRIGHTSTONE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBRIGBusinessNameControlTxt
Phone6157904888PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13000 BRIGHTSTONE PARKWAYAddressLine1Txt
CityFRANKLINCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37064ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLEE ROSEPersonNm
Person TitleCEO/PRESIDENTPersonTitleTxt
Phone6157946219PhoneNum
Signature2024-08-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMIKE DUNN CPAPreparerPersonNm
PTINP00038531PTIN
Phone6153733771PhoneNum
Preparation2024-08-14PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLEE ROSEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13000 BRIGHTSTONE PARKWAYAddressLine1Txt
CityFRANKLINCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37064ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,021,726GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BRIGHTSTONE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionBRIGHTSTONE IS A RESOURCE IN THE COMMUNITY FOUNDED TO PROVIDE FOR THE MULTIPLE NEEDS OF ADULTS WHO ARE DEVELOPMENTALLY DISABLED.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee34TotalEmployeeCnt
Total Volunteers213TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$3,992,134PYContributionsGrantsAmt
CY Contributions Grants$3,287,816CYContributionsGrantsAmt
PY Program Service Revenue$358,432PYProgramServiceRevenueAmt
CY Program Service Revenue$478,403CYProgramServiceRevenueAmt
PY Investment Income$1,889,824PYInvestmentIncomeAmt
CY Investment Income$1,804CYInvestmentIncomeAmt
PY Other Revenue-$57,363PYOtherRevenueAmt
CY Other Revenue$2,435CYOtherRevenueAmt
PY Total Revenue$6,183,027PYTotalRevenueAmt
CY Total Revenue$3,770,458CYTotalRevenueAmt
PY Grants And Similar Paid$16,341PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$25,613CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,194,433PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,520,068CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$590,837CYTotalFundraisingExpenseAmt
PY Other Expenses$471,971PYOtherExpensesAmt
CY Other Expenses$1,136,805CYOtherExpensesAmt
PY Total Expenses$1,682,745PYTotalExpensesAmt
CY Total Expenses$2,682,486CYTotalExpensesAmt
PY Revenues Less Expenses$4,500,282PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,087,972CYRevenuesLessExpensesAmt
Total Assets BOY$27,075,358TotalAssetsBOYAmt
Total Assets EOY$23,207,357TotalAssetsEOYAmt
Total Liabilities BOY$6,312,539TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,356,566TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$20,762,819NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$21,850,791NetAssetsOrFundBalancesEOYAmt
MissionBRIGHTSTONE IS A RESOURCE IN THE COMMUNITY FOUNDED TO PROVIDE FOR THE MULTIPLE NEEDS OF ADULTS WHO ARE DEVELOPMENTALLY DISABLED.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,815,064ExpenseAmt
Grant$25,613GrantAmt
Revenue$478,403RevenueAmt
DescPROVIDE A COMPREHENSIVE WORK, EDUCATIONAL AND SOCIAL SUPPORT COMMUNITY FOR ADULTS WITH SPECIAL NEEDS, EXPANDING THEIR POTENTIAL AND HELPING THEM DEVELOP MENTALLY, PHYSICALLY, EMOTIONALLY, SOCIALLY AND SPIRITUALLY.Desc
Total Program Service Expenses$1,815,064TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document35IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee34EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLEE ROSEPersonNm
Phone6157904888PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13000 BRIGHTSTONE PARKWAYAddressLine1Txt
CityFRANKLINCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37064ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LEE ROSE
CEO/PRESIDEN4.00Yes (X)Yes (X)$123,909$0$8,629
MIKE CAIRNES
CHAIRMAN1.20Yes (X)Yes (X)$0$0$0
DON STINNETT
SECETARY3.85Yes (X)Yes (X)$0$0$0
BECKY HARRELL
TREASURER5.77Yes (X)Yes (X)$0$0$0
DR IAN BYRAM
DIRECTOR0.40Yes (X)$0$0$0
ROBERT CARROLL
DIRECTOR1.50Yes (X)$0$0$0
LARRY CRANCH
DIRECTOR0.50Yes (X)$0$0$0
TYLER ECK
DIRECTOR0.75Yes (X)$0$0$0
SCOTT GENTRY
DIRECTOR0.20Yes (X)$0$0$0
KENT HOLDCROFT
DIRECTOR0.20Yes (X)$0$0$0
SENATOR JACK JOHNSON
DIRECTOR0.60Yes (X)$0$0$0
JARED KING
DIRECTOR0.30Yes (X)$0$0$0
JIM LACKEY
DIRECTOR0.77Yes (X)$0$0$0
COLIN LOONEY MD
DIRECTOR0.77Yes (X)$0$0$0
DR CATHERINE STALLWORTH
DIRECTOR0.50Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$123,909TotalReportableCompFromOrgAmt
Total Other Compensation$8,629TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Fundraising$448,853FundraisingAmt
All Other Contributions$2,838,963AllOtherContributionsAmt
Noncash Contributions$82,232NoncashContributionsAmt
Total Contributions$3,287,816TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SCHOOL TUITION$441,723$441,723
FEES$36,680$36,680
FieldValueIRS element (for citing)
Total Program Service Revenue$478,403TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,647TotalRevenueColumnAmt
Exclusion$8,647ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$102,700RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$111,645RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$8,945RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$8,945TotalRevenueColumnAmt
Related Or Exempt Func Income-$8,945RelatedOrExemptFuncIncomeAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$6,843OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$6,843OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$6,843TotalRevenueColumnAmt
Related Or Exempt Func Income-$6,843RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$142,427FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$448,853ContriRptFundraisingEventAmt
Fundraising Direct Expenses$132,780FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,647TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Total Revenue Column$1,733TotalRevenueColumnAmt
Related Or Exempt Func Income$1,733RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,733OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,770,458TotalRevenueColumnAmt
Related Or Exempt Func Income$464,348RelatedOrExemptFuncIncomeAmt
Exclusion$8,647ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$25,613TotalAmt
Program Services$25,613ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$123,909TotalAmt
Program Services$77,867ProgramServicesAmt
Management And General$14,518ManagementAndGeneralAmt
Fundraising$31,524FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,213,671TotalAmt
Program Services$762,694ProgramServicesAmt
Management And General$142,205ManagementAndGeneralAmt
Fundraising$308,772FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$86,912TotalAmt
Program Services$62,773ProgramServicesAmt
Management And General$11,371ManagementAndGeneralAmt
Fundraising$12,768FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$95,576TotalAmt
Program Services$69,032ProgramServicesAmt
Management And General$12,504ManagementAndGeneralAmt
Fundraising$14,040FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$16,266TotalAmt
Management And General$16,266ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$63,345TotalAmt
Program Services$23,777ProgramServicesAmt
Management And General$27,259ManagementAndGeneralAmt
Fundraising$12,309FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$221,186TotalAmt
Program Services$191,923ProgramServicesAmt
Management And General$12,193ManagementAndGeneralAmt
Fundraising$17,070FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$26,938TotalAmt
Program Services$26,893ProgramServicesAmt
Fundraising$45FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$145,375TotalAmt
Program Services$127,930ProgramServicesAmt
Management And General$7,269ManagementAndGeneralAmt
Fundraising$10,176FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$371,684TotalAmt
Program Services$324,682ProgramServicesAmt
Management And General$23,503ManagementAndGeneralAmt
Fundraising$23,499FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
COMMUNITY RELATIONS$101,076$11,805$2,267$87,004
CAMPUS DEVELOPMENT$51,366$51,366
CAPITAL CAMPAIGN$49,046$49,046
BANKING FEES$28,318$5,655$22,663

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$62,205TotalAmt
Program Services$58,709ProgramServicesAmt
Management And General$1,575ManagementAndGeneralAmt
Fundraising$1,921FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,682,486TotalAmt
Program Services$1,815,064ProgramServicesAmt
Management And General$276,585ManagementAndGeneralAmt
Fundraising$590,837FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$319,625BOYAmt
EOY$261,023EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$6,763,348BOYAmt
EOY$2,065,305EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,139,329BOYAmt
EOY$1,516,119EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$10,691BOYAmt
EOY$19,911EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$46,908BOYAmt
EOY$60,405EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$18,657,666LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$944,950LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$18,049,170BOYAmt
EOY$17,712,716EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$746,287BOYAmt
EOY$1,571,878EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$27,075,358BOYAmt
EOY$23,207,357EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$946,983BOYAmt
EOY$65,179EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$26,625BOYAmt
EOY$22,896EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$5,338,931BOYAmt
EOY$1,268,491EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,312,539BOYAmt
EOY$1,356,566EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$18,387,348BOYAmt
EOY$19,776,628EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,375,471BOYAmt
EOY$2,074,163EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$20,762,819BOYAmt
EOY$21,850,791EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$27,075,358BOYAmt
EOY$23,207,357EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,087,972ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,778,908OtherCostOrOtherBasisAmt
Book Value$3,778,908BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,101,854OtherCostOrOtherBasisAmt
Depreciation$548,612DepreciationAmt
Book Value$13,553,242BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$776,904OtherCostOrOtherBasisAmt
Depreciation$396,338DepreciationAmt
Book Value$380,566BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$17,712,716TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescPROPERTY HELD FOR DEVELOPMENTDesc
Book Value$1,571,878BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,571,878TotalBookValueOtherAssetsAmt
Total Rev Etc Audited Fincl Stmt$3,908,640TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$1,830DonatedServicesAndUseFcltsAmt
Other Revenue$136,352OtherRevenueAmt
Revenue Not Reported$138,182RevenueNotReportedAmt
Revenue Subtotal$3,770,458RevenueSubtotalAmt
Total Revenue Per Form990$3,770,458TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,820,668TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$1,830DonatedServicesUseFcltsAmt
Other Expenses Included$136,352OtherExpensesIncludedAmt
Expenses Not Reported$138,182ExpensesNotReportedAmt
Expenses Subtotal$2,682,486ExpensesSubtotalAmt
Total Expenses Per Form990$2,682,486TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 4, PART XI, LINE 2DFUNDRAISING EXPENSES NETTED AGAINST REVENUE 24,707 RENTAL EXPENSES 111,645
SCHEDULE D, PAGE 4, PART XII, LINE 2DFUNDRAISING EXPENSES NETTED AGAINST REVENUE 24,707 RENTAL EXPENSES 111,645

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdfalseGovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, LINE 3FormAndLineReferenceDesc
ExplanationTHE POLICY IS PUBLISHED IN A LOCAL NEWSPAPER (ANNUALLY), IN THE ORGANIZATION'S NEWSLETTER AND POSTED ON THE ORGANIZATION'S WEBSITE.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1BENEFITSEvent1Nm
Gross Receipts Event1$546,765GrossReceiptsEvent1Amt
Charitable Contri Event1$448,853CharitableContriEvent1Amt
Gross Revenue Event1$97,912GrossRevenueEvent1Amt
Non Cash Prizes Event1$3,131NonCashPrizesEvent1Amt
Rent Facility Costs Event1$23,989RentFacilityCostsEvent1Amt
Food And Beverage Event1$1,186FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$78,898OtherDirectExpensesEvent1Amt
Event2CRAFT FAIRSEvent2Nm
Gross Receipts Event2$44,515GrossReceiptsEvent2Amt
Gross Revenue Event2$44,515GrossRevenueEvent2Amt
Other Direct Expenses Event2$25,576OtherDirectExpensesEvent2Amt
Gross Receipts Total$591,280GrossReceiptsTotalAmt
Charitable Contributions Tot$448,853CharitableContributionsTotAmt
Gross Revenue Total Events$142,427GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$3,131NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$23,989RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$1,186FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$104,474OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$132,780DirectExpenseSummaryEventsAmt
Net Income Summary$9,647NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeEDUCATIONAL SCHOLARSHIPSGrantTypeTxt
Recipient7RecipientCnt
Cash Grant$25,613CashGrantAmt
Valuation Method UsedCASHValuationMethodUsedDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
Explanation1. BY SIMPLY COMPLETING A SCHOLARSHIP REQUEST FORM, ANY STUDENT CAN APPLY FOR SCHOLARSHIP AT ANY TIME - UPON ENROLLMENT OR ANYTIME DURING THEIR ATTENDANCE AT BRIGHTSTONE. 2. THE FAMILY IS INFORMED OF OUR PROCESS AND SIGNS A RELEASE OF CONTACT INFORMATION TO A THIRD PARTY TO REVIEW. UPON OUR RECEIPT OF THIS REQUEST, WE SEND THE FAMILY CONTACT INFORMATION TO A THIRD PARTY - A FINANCIAL ADVISEMENT GROUP WHO HAVE OFFERED THIS SERVICE PRO BONO. 3. THIS THIRD PARTY CONTACTS THE FAMILY AND MEETS WITH THEM TO LEARN AND REVIEW THE FINANCIAL SITUATION OF THE FAMILY. 4. THE THIRD PARTY THEN DETERMINES THE FAMILY'S CAPABILITY OF PAYING TUITION AND DETERMINES WHETHER OR NOT A SCHOLARSHIP SHOULD BE AWARDED AND THE AMOUNT THEY RECOMMEND. 5. THE THIRD PARTY SENDS A LETTER TO THE FAMILY AND TO BRIGHTSTONE NOTING THE AMOUNT OF SCHOLARSHIP OR DENIAL OF SCHOLARSHIP THAT THEY SUGGEST - ALSO STATING THAT THE FINAL DECISION IS BRIGHTSTONE'S AND THE FAMILY'S - THEY ARE MERELY OFFERING A RECOMMENDATION AND THAT THE DECISION WILL BE REVIEWED ANNUALLY. 6. THE FAMILY CAN ACCEPT OR DECLINE THE SCHOLARSHIP OFFER, AND BRIGHTSTONE CAN ACCEPT OR DECLINE - THIS DECISION IS MADE BY BRIGHTSTONE ACCORDING TO OUR FINANCIAL CAPABILITY OF FUNDING THE SCHOLARSHIP. TO DATE, NO ONE HAS BEEN DENIED A SCHOLARSHIP, EVEN WHEN OUR COFFERS HAVE BEEN LOW. 7. OUR BOOKKEEPER RECEIVES A TUITION/FEE AGREEMENT WITH THE AMOUNT OF TUITION (WITH SCHOLARSHIP NOTED) AND WITH SIGNATURES FROM THE FAMILY AND FROM THE EXECUTIVE DIRECTOR. 8. THE LETTER FROM THE THIRD PARTY AND THE TUITION/FEE AGREEMENT IS KEPT IN THE STUDENT'S FILE. 9. BRIGHTSTONE CAN REVIEW THE SCHOLARSHIP REWARDS ANNUALLY.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$30,191NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)PRIZES1$6,432FAIR MARKET VALUE
Yes (X)SUPPLIES1$3,352FAIR MARKET VALUE
Yes (X)EQUIP/FURN1$24,174FAIR MARKET VALUE
Yes (X)OTHER EQUIPMENT4$18,083VAIR MARKET VALUE
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BTHE FORM 990 WILL BE PRESENTED ELECTRONICALLY TO EACH BOARD DIRECTOR AT LEAST TWO (2) WEEKS PRIOR TO THE NEXT REGULAR BOARD MEETING. IT WILL BE REVIEWED BY THE DIRECTORS VIA ONE OF THE FOLLOWING: AT THE NEXT REGULAR MEETING, AT A SPECIAL CALLED MEETING, BY E-MAIL OR BY CONFERENCE CALL.
FORM 990, PAGE 6, PART VI, LINE 12CAFTER ACCEPTANCE BY THE BOARD, EACH NEW BOARD MEMBER IS GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY. THE BOARD MEMBER IS ASKED TO SIGN THE POLICY STATEMENT ACKNOWLEDGING AGREEMENT TO ITS DISCLOSURE TERMS. THE SIGNED DOCUMENT IS RETAINED BY THE BOARD PRESIDENT. THE POLICY IS REVIEWED YEARLY AT THE REGULAR ANNUAL BOARD MEETING AT WHICH TIME EACH DIRECTOR SIGNS A CONFLICT OF INTEREST CERTIFICATION FORM VERIFYING THEIR COMPLIANCE TO THE POLICY. WHEN VOTING IS REQUIRED ON A POTENTIAL CONFLICT OF INTEREST ISSUE, THE POLICY IS READ TO THE DIRECTORS AND THEY ARE ASKED TO DISCLOSE ANY CONFLICT AND ADHERE TO THE TERMS OF THE POLICY.
FORM 990, PAGE 6, PART VI, LINE 15ACOMPENSATION OF THE PRESIDENT/CEO HAS BEEN DETERMINED FOLLOWING A REVIEW OF COMPENSATION OF OTHER SIMILAR POSITIONS IN THE AREA AND REVIEW, SUBSTANTIATION, AND DECISION BY THE BOARD OF DIRECTORS AT THE MAY MEETING EACH YEAR.
FORM 990, PAGE 6, PART VI, LINE 15BCOMPENSATION OF THE MANAGEMENT TEAM OF BRIGHTSTONE (CHIEF OF STAFF, DIRECTOR OF FUND DEVELOPMENT, DIRECTOR OF PROGRAMMING AND DIRECTOR OF FINANCE) HAS BEEN DETERMINED FOLLOWING A REVIEW OF COMPENSATION OF OTHER SIMILAR POSITIONS IN THE AREA AND REVIEW, SUBSTANTIATION, AND DECISION BY THE PRESIDENT/CEO. UPON REVIEW AND APPROVAL OF THE BUDGET BY THE BOARD OF DIRECTORS AT THE NOVEMBER MEETING EACH YEAR.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION'S POLICIES, POLICY MANUAL, CURRENT AND PRIOR YEAR AUDITED FINANCIAL STATEMENTS, TAX RETURNS AND BUDGETS ARE AVAILABLE AT WWW.GIVINGMATTERS.COM . A LINK TO THIS WEBSITE IS LOCATED ON THE ORGANIZATION'S WEBSITE (WWW.BRIGHTSTONE.ORG) AND IT IS NOTED IN THE ORGANIZATION'S QUARTERLY NEWSLETTER. GOVERNING DOCUMENTS ARE RETAINED BY THE ORGANIZATION AND COPIES ARE AVAILABLE UPON REQUEST.

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