2023-12-13T12:28:22-06:00 2023-05-31 621093134 JOHNSON MURPHEY & WRIGHT PC 301 NORTH MARKET STREET CHATTANOOGA TN 37405 990 2022-06-01 620476284 BRIGHT SCHOOL INC BRIG 4232678546 1950 MCDADE LANE CHATTANOOGA TN 37405 KRISTIN WATTS HEAD OF SCHOOL 4232678546 2023-12-13 1 KRISTIN WATTS 999009999 0 PAUL JOHNSON III CPA P00932002 4237561170 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KRISTIN WATTS 1950 MCDADE LANE CHATTANOOGA TN 37405 7722502 0 X WWW.BRIGHTSCHOOL.COM X 1938 TN SCHOOL COMMITTED TO BUILDING A FOUNDATION TO BECOME WISE AND COMPASSIONATE CITIZENS OF THE WORLD 18 18 119 100 -43632 0 996736 812979 5694686 5928583 726652 869973 94445 91098 7512519 7702633 332487 400882 0 0 3665386 3819296 0 0 288943 2102317 2521061 6100190 6741239 1412329 961394 20360552 19962731 1251715 1132036 19108837 18830695 BRIGHT SCHOOL, THE OLDEST INDEPENDENT ELEMENTARY COEDUCATIONAL SCHOOL IN TENNESSEE, IS COMMITTED TO THE INTELLECTUAL, ARTISTIC, PHYSICAL, AND MORAL GROWTH OF YOUNG BOYS AND GIRLS. 0 0 3778688 400882 5928583 PROVIDE EXCELLENT EDUCATIONAL INSTRUCTION FOR ELEMENTARY AGE BOYS AND GIRLS 1465280 MAINTENANCE 303315 SUMMER SCHOOL AND OTHER PROGRAMS 5547283 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 119 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JENNIFER DILLON 4232678546 BRIGHT SCHOOL 1950 MCDADE LANE CHATTANOOGA TN 37405 BETSEY KATES CHAIR 2.00 X X 0 0 0 HENRY ALDRIDGE TRUSTEE 2.00 X 0 0 0 ROBERT BATSON TRUSTEE 2.00 X 0 0 0 CHASE BULLARD TRUSTEE 2.00 X 0 0 0 JONATHON BULLARD TRUSTEE 2.00 X 0 0 0 KAMRI BUSBY TRUSTEE 2.00 X 0 0 0 PHILIP BYRUM TRUSTEE 2.00 X 0 0 0 WILL CONROY SECRETARY 2.00 X X 0 0 0 RYAN DILLARD TRUSTEE 2.00 X 0 0 0 WILLIAM HOWARD TRUSTEE 2.00 X 0 0 0 SCOTTY JONES TRUSTEE 2.00 X 0 0 0 BARRY LARGE TRUSTEE 2.00 X 0 0 0 AMY MAHONE TRUSTEE 2.00 X 0 0 0 MARIA KAIN MATTHEWS TRUSTEE 2.00 X 0 0 0 BETHANY PATTEN TRUSTEE 2.00 X 0 0 0 TODD PHILLIPS TRUSTEE 2.00 X 0 0 0 BETSY RANALLI VICE PRESIDENT 2.00 X X 0 0 0 CAROLINE WALKER TRUSTEE 2.00 X 0 0 0 KRISTIN WATTS HEAD OF SCHOOL 40.00 X 203000 0 12180 203000 0 12180 1 0 1 0 0 812979 812979 TUITION AND FEES 611710 5928583 5928583 5928583 200630 -43632 244262 669343 0 669343 669343 669343 110967 19869 91098 91098 7702633 5928583 -43632 1004703 400882 400882 205500 205500 3024208 2510268 346318 167622 135072 95345 30001 9726 225304 189701 18581 17022 229212 180258 37831 11123 11675 11675 27667 27667 12089 12089 179254 102714 76540 35159 35159 2305 2305 942440 942440 38823 38823 59413 59413 439637 439637 63262 63262 FOOD & CAFETERIA 339000 339000 SCHOOL SUPPLIES 299666 292771 6895 70671 13139 57517 15 6741239 5547283 905013 288943 167327 4082555 3559328 277155 1600 26957 28138 13715994 5315648 7546255 8400346 5025051 5997170 3235252 1976149 20360552 19962731 745134 587795 506581 535160 0 9081 1251715 1132036 X 14574466 15533374 4534371 3297321 19108837 18830695 20360552 19962731 961394 -1239536 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6993253 295745 -367461 293313 6628224 7251141 98740 -172480 184148 6993253 4921329 968923 1527589 166700 7251141 4927203 149451 155325 4921329 5074924 40279 188000 4927203 0.51000 0.23000 0.26000 0 0 155546 155546 11731954 4402228 7329726 1587898 810127 777771 240596 103293 137303 8400346 VANGUARD 500 - INDEX ADMIRAL 1976149 F 1976149 OVERDRAFT CASH-NONINTEREST BEARING 9081 9081 X 6082084 -1239536 -400882 -1640418 7722502 -19869 -19869 7702633 6360226 19869 19869 6340357 400882 400882 6741239 PART V, LINE 4: VARIOUS PURPOSES INCLUDING, BUT NOT LIMITED TO, CAPITAL IMPROVEMENTS, FACULTY IMPROVEMENTS, AND SCHOLARSHIPS. PART X, LINE 2: THE ENTITY ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFITS ARE ESTIMATED BASED ON THE CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. TAX POSITIONS FOR THE ENTITY INCLUDE, BUT ARE NOT LIMITED TO, THE TAX-EXEMPT STATUS AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. BASED ON ITS EVALUATION, THE ENTITY HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE ENTITY'S EVALUATION WAS PERFORMED FOR THE TAX YEARS ENDED MAY 31, 2020 THROUGH MAY 31, 2023, FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR JURISDICTIONS AS OF MAY 31, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS AND REMISSIONS -400,882. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE -19,869. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 19,869. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS & REMISSIONS 400,882. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, & NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES & FINANCIAL AID PROGRAMS. AUCTION 110967 0 110967 19869 110967 110967 19869 19869 91098 1 TUITION SCHOLARSHIPS 43 360088 CASH EQUIVALENT REDUCTION IN TUITION TUITION REMISSIONS 7 40794 CASH EQUIVALENT REDUCTION IN TUITION X 0 0 0 0 0 0 0 0 0 KRISTIN WATTS HEAD OF SCHOOL 203000 0 0 0 0 0 0 0 12180 0 215180 0 0 0 NA N/A 17372 TUITION REMISSION TUITION ASSISTANCE FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM AND SUBMITTED TO THE SCHOOL'S HEAD ADMINISTRATION FOR THE AUDIT COMMITTEE REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND KEY EMPLOYEES REVIEW CONFLICT OF INTEREST POLICY PROVISIONS ANNUALLY THAT ARE STATED IN THE EMPLOYEE HANDBOOK. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS SUBJECT TO REVIEW AND APPROVAL BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS OPEN TO PUBLIC INSPECTION ARE AVAILABLE AT THE OFFICE UPON REQUEST. PART XII, LINE 2C THE SCHOOL HAS AN AUDIT COMMITTEE AS IN PRIOR YEARS. THE PROCESS OF SELECTING AN INDEPENDENT AUDITOR AND OVERSEEING THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.