BRIGHTSTONE INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
BRIGHTSTONE INC (EIN 62-1783260)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-09-06
IRS object ID
202302499349301520
Schema version
2022v5.0
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)
Return2023-09-06T15:12:44-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Line1215 WARD CIRCLEAddressLine1Txt
CityBRENTWOODCityNm
State AbbreviationTNStateAbbreviationCd
ZIP370272304ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

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 TitlePRESIDENTPersonTitleTxt
Phone6157946219PhoneNum
Signature2023-09-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLEEPersonFirstNm
Person LastROSEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMIKE DUNN CPAPreparerPersonNm
PTINP00038531PTIN
Phone6153733771PhoneNum
Preparation2023-09-05PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerLEE ROSEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13000 BRIGHTSTONE PARKWAYAddressLine1Txt
CityFRANKLINCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37064ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,484,563GrossReceiptsAmt
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 Body17VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee30TotalEmployeeCnt
Total Volunteers244TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$7,395,212PYContributionsGrantsAmt
CY Contributions Grants$3,992,134CYContributionsGrantsAmt
PY Program Service Revenue$238,800PYProgramServiceRevenueAmt
CY Program Service Revenue$358,432CYProgramServiceRevenueAmt
PY Investment Income$8,740PYInvestmentIncomeAmt
CY Investment Income$1,889,824CYInvestmentIncomeAmt
PY Other Revenue-$35,547PYOtherRevenueAmt
CY Other Revenue-$57,363CYOtherRevenueAmt
PY Total Revenue$7,607,205PYTotalRevenueAmt
CY Total Revenue$6,183,027CYTotalRevenueAmt
PY Grants And Similar Paid$12,054PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$16,341CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$934,668PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,194,433CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$411,995CYTotalFundraisingExpenseAmt
PY Other Expenses$327,389PYOtherExpensesAmt
CY Other Expenses$471,971CYOtherExpensesAmt
PY Total Expenses$1,274,111PYTotalExpensesAmt
CY Total Expenses$1,682,745CYTotalExpensesAmt
PY Revenues Less Expenses$6,333,094PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,500,282CYRevenuesLessExpensesAmt
Total Assets BOY$17,022,815TotalAssetsBOYAmt
Total Assets EOY$27,075,358TotalAssetsEOYAmt
Total Liabilities BOY$760,278TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,312,539TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$16,262,537NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$20,762,819NetAssetsOrFundBalancesEOYAmt
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$1,101,422ExpenseAmt
Grant$16,341GrantAmt
Revenue$358,432RevenueAmt
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$1,101,422TotalProgramServiceExpensesAmt
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 AssetsfalseReportOtherAssetsInd
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 Document33IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee30EmployeeCnt
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 Members17GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
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 (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BRENDA HAUK
PRESIDENT /60.00Yes (X)Yes (X)$30,000$0$2,300
MIKE CAIRNES
CHAIRMAN1.25Yes (X)Yes (X)$0$0$0
BECKY HARRELL
VICE CHAIRMA2.30Yes (X)Yes (X)$0$0$0
DON STINNETT
SECETARY3.85Yes (X)Yes (X)$0$0$0
JERRY ROOKER
TREASURER3.60Yes (X)Yes (X)$0$0$0
TERRY BRIDGES
DIRECTOR0.40Yes (X)$0$0$0
DR IAN BYRAM
DIRECTOR0.25Yes (X)$0$0$0
LARRY CRANCH
DIRECTOR0.40Yes (X)$0$0$0
SCOTT GENTRY
DIRECTOR0.58Yes (X)$0$0$0
KENT HOLDCROFT
DIRECTOR0.20Yes (X)$0$0$0
SENATOR JACK JOHNSON
DIRECTOR0.50Yes (X)$0$0$0
JIM LACKEY
DIRECTOR1.00Yes (X)$0$0$0
DR COLIN LOONEY
DIRECTOR1.70Yes (X)$0$0$0
ROB CARROLL
DIRECTOR2.85Yes (X)$0$0$0
BOB SPECK
DIRECTOR1.60Yes (X)$0$0$0
DIANNE SPOONER
DIRECTOR4.00Yes (X)$0$0$0
DR CATHERINE STALLWORTH
DIRECTOR0.40Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$30,000TotalReportableCompFromOrgAmt
Total Other Compensation$2,300TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Fundraising$295,219FundraisingAmt
Government Grants$281,724GovernmentGrantsAmt
All Other Contributions$3,415,191AllOtherContributionsAmt
Noncash Contributions$137,223NoncashContributionsAmt
Total Contributions$3,992,134TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SCHOOL TUITION$332,077$332,077
FEES$26,355$26,355
FieldValueIRS element (for citing)
Total Program Service Revenue$358,432TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,995TotalRevenueColumnAmt
Exclusion$11,995ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$55,850RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$126,564RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$70,714RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$70,714TotalRevenueColumnAmt
Related Or Exempt Func Income-$70,714RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$3,000,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$1,122,171OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$1,877,829OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,877,829TotalRevenueColumnAmt
Related Or Exempt Func Income$1,877,829RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$66,002FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$295,219ContriRptFundraisingEventAmt
Fundraising Direct Expenses$52,801FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,201TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Total Revenue Column$150TotalRevenueColumnAmt
Related Or Exempt Func Income$150RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$150OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,183,027TotalRevenueColumnAmt
Related Or Exempt Func Income$2,165,697RelatedOrExemptFuncIncomeAmt
Exclusion$11,995ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$16,341TotalAmt
Program Services$16,341ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$30,000TotalAmt
Program Services$24,000ProgramServicesAmt
Management And General$3,000ManagementAndGeneralAmt
Fundraising$3,000FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,000,494TotalAmt
Program Services$671,324ProgramServicesAmt
Management And General$92,792ManagementAndGeneralAmt
Fundraising$236,378FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$90,509TotalAmt
Program Services$70,325ProgramServicesAmt
Management And General$10,459ManagementAndGeneralAmt
Fundraising$9,725FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$73,430TotalAmt
Program Services$57,055ProgramServicesAmt
Management And General$8,485ManagementAndGeneralAmt
Fundraising$7,890FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$30,811TotalAmt
Management And General$30,811ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$36,310TotalAmt
Program Services$13,682ProgramServicesAmt
Management And General$14,576ManagementAndGeneralAmt
Fundraising$8,052FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$70,004TotalAmt
Program Services$60,413ProgramServicesAmt
Management And General$4,396ManagementAndGeneralAmt
Fundraising$5,195FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$21,778TotalAmt
Program Services$21,778ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$91,893TotalAmt
Program Services$81,889ProgramServicesAmt
Management And General$4,705ManagementAndGeneralAmt
Fundraising$5,299FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
COMMUNITY RELATIONS$85,921$654$104$85,163
CAMPUS DEVELOPMENT$46,303$46,303
CAPITAL CAMPAIGN$31,364$31,364
BANKING FEES$18,480$18,480

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$39,107TotalAmt
Program Services$37,658ProgramServicesAmt
Fundraising$1,449FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,682,745TotalAmt
Program Services$1,101,422ProgramServicesAmt
Management And General$169,328ManagementAndGeneralAmt
Fundraising$411,995FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$412,751BOYAmt
EOY$319,625EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$5,089,830BOYAmt
EOY$6,763,348EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,856,565BOYAmt
EOY$1,139,329EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$119BOYAmt
EOY$10,691EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,645BOYAmt
EOY$46,908EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$18,584,786LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$535,616LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,866,144BOYAmt
EOY$18,049,170EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$7,793,761BOYAmt
EOY$746,287EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$17,022,815BOYAmt
EOY$27,075,358EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$554,739BOYAmt
EOY$946,983EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$27,232BOYAmt
EOY$26,625EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
EOY$5,338,931EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$178,307BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$760,278BOYAmt
EOY$6,312,539EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,238,372BOYAmt
EOY$18,387,348EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,024,165BOYAmt
EOY$2,375,471EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$16,262,537BOYAmt
EOY$20,762,819EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,022,815BOYAmt
EOY$27,075,358EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$4,500,282ReconcilationRevenueExpnssAmt
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$14,056,503OtherCostOrOtherBasisAmt
Depreciation$174,615DepreciationAmt
Book Value$13,881,888BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$749,375OtherCostOrOtherBasisAmt
Depreciation$361,001DepreciationAmt
Book Value$388,374BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$18,049,170TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$6,326,329TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$7,200DonatedServicesAndUseFcltsAmt
Other Revenue$136,102OtherRevenueAmt
Revenue Not Reported$143,302RevenueNotReportedAmt
Revenue Subtotal$6,183,027RevenueSubtotalAmt
Total Revenue Per Form990$6,183,027TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,826,047TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$7,200DonatedServicesUseFcltsAmt
Other Expenses Included$136,102OtherExpensesIncludedAmt
Expenses Not Reported$143,302ExpensesNotReportedAmt
Expenses Subtotal$1,682,745ExpensesSubtotalAmt
Total Expenses Per Form990$1,682,745TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 4, PART XI, LINE 2DFUNDRAISING EXPENSES NETTED AGAINST REVENUE 9,538 RENTAL EXPENSES 126,564
SCHEDULE D, PAGE 4, PART XII, LINE 2DFUNDRAISING EXPENSES NETTED AGAINST REVENUE 9,538 RENTAL EXPENSES 126,564

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$332,221GrossReceiptsEvent1Amt
Charitable Contri Event1$295,219CharitableContriEvent1Amt
Gross Revenue Event1$37,002GrossRevenueEvent1Amt
Non Cash Prizes Event1$7,632NonCashPrizesEvent1Amt
Rent Facility Costs Event1$12,069RentFacilityCostsEvent1Amt
Food And Beverage Event1$3,317FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$9,395OtherDirectExpensesEvent1Amt
Event2CRAFT FAIRSEvent2Nm
Gross Receipts Event2$29,000GrossReceiptsEvent2Amt
Gross Revenue Event2$29,000GrossRevenueEvent2Amt
Other Direct Expenses Event2$20,388OtherDirectExpensesEvent2Amt
Gross Receipts Total$361,221GrossReceiptsTotalAmt
Charitable Contributions Tot$295,219CharitableContributionsTotAmt
Gross Revenue Total Events$66,002GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$7,632NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$12,069RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$3,317FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$29,783OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$52,801DirectExpenseSummaryEventsAmt
Net Income Summary$13,201NetIncomeSummaryAmt

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
Recipient4RecipientCnt
Cash Grant$16,341CashGrantAmt
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
Contribution1ContributionCnt
Noncash Contributions Rpt F990$5,070NoncashContributionsRptF990Amt
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)PRIZES & OTHER17$43,676FAIR MARKET VALUE
Yes (X)SUPPLIES4$17,090FAIR MARKET VALUE
Yes (X)DEVELOPMENT3$43,912FAIR MARKET VALUE
Yes (X)EQUIPMENT5$27,475FAIR 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/EXECUTIVE DIRECTOR OF BRIGHTSTONE 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 NOVEMBER MEETING EACH YEAR.
FORM 990, PAGE 6, PART VI, LINE 15BCOMPENSATION OF THE MANAGEMENT TEAM OF BRIGHTSTONE (DIRECTOR OF OPERATIONS, DIRECTOR OF FUND DEVELOPMENT, AND PROGRAM COORDINATOR) HAS BEEN DETERMINED FOLLOWING A REVIEW OF COMPENSATION OF OTHER SIMILAR POSITIONS IN THE AREA AND REVIEW, SUBSTANTIATION, AND DECISION BY THE EXECUTIVE DIRECTOR 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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