2022-12-15T11:42:48-06:00 2022-05-31 621093134 JOHNSON MURPHEY & WRIGHT PC 301 NORTH MARKET STREET CHATTANOOGA TN 37405 990 2021-06-01 620476284 BRIGHT SCHOOL INC BRIG 4232678546 1950 MCDADE LANE CHATTANOOGA TN 37405 KRISTIN WATTS HEAD OF SCHOOL 4232678546 2022-12-15 1 KRISTIN WATTS 999009999 PAUL JOHNSON III CPA P00932002 4237561170 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KRISTIN WATTS 1950 MCDADE LANE CHATTANOOGA TN 37405 7527949 0 X WWW.BRIGHTSCHOOL.COM X 1938 TN BUILDING A FOUNDATION UPON WHICH STUDENTS BECOME WISE & COMPASSIONATE CITIZENS OF THE WORLD. THE SCHOOL FOSTERS THE INTELLECTUAL, ARTISTIC, PHYSICAL, AND MORAL GROWTH OF YOUNG BOYS & GIRLS. 19 19 114 100 41195 40195 2745685 996736 5140028 5694686 385822 726652 46023 94445 8317558 7512519 369394 332487 0 0 3354796 3665386 0 0 272333 1839620 2102317 5563810 6100190 2753748 1412329 19691332 20360552 1067902 1251715 18623430 19108837 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 4973817 332487 5694686 PROVIDE EXCELLENT EDUCATIONAL INSTRUCTION FOR ELEMENTARY AGE BOYS AND GIRLS MAINTENANCE SUMMER SCHOOL AND OTHER PROGRAMS 4973817 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 114 1 1 1 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SABRINA W MCALLISTER 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 JOHN BODE 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 BLAIR CANNON TRUSTEE 2.00 X 0 0 0 WILL CONROY TRUSTEE 2.00 X 0 0 0 RYAN DILLARD TRUSTEE 2.00 X 0 0 0 MARY HOWARD ADE GLOVER TRUSTEE 2.00 X 0 0 0 LINDSAY HILL 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 TODD PHILLIPS TRUSTEE 2.00 X 0 0 0 BETSY RANALLI TRUSTEE 2.00 X 0 0 0 JOHN SORROW TRUSTEE 2.00 X 0 0 0 CAROLINE WALKER TRUSTEE 2.00 X 0 0 0 KRISTIN WATTS HEAD OF SCHOOL 40.00 X 92342 0 5541 92342 0 5541 0 0 0 0 J C CURTIS CONSTRUCTION CO LLC 1507 WILDER STREET CHATTANOOGA TN 37406 CONSTRUCTION 1220694 1 996736 996736 TUITION AND FEES 611710 5694686 5694686 5694686 253139 41195 211944 473513 0 473513 473513 473513 109875 15430 94445 94445 7512519 5694686 41195 779902 332487 332487 183333 183333 2927893 2414312 349092 164489 108664 82282 16940 9442 218399 180326 26322 11751 227097 176614 39036 11447 4573 2728 1845 25044 25044 21903 10156 11747 72353 72353 21947 21947 163835 163835 39250 39250 351836 351836 65838 350 65488 REPAIRS & MAINTENANCE 593340 593340 FOOD & CAFETERIA 298076 298076 SCHOOL SUPPLIES 233479 232473 1006 PARENTAL ASSOCIATION 89216 89216 121627 9264 112363 6100190 4973817 854040 272333 1333621 167327 4506204 4082555 755331 277155 55157 26957 12434031 4887776 5861351 7546255 5025051 7179668 3235252 19691332 20360552 608813 745134 459089 506581 1067902 1251715 X 13535520 14574466 5087910 4534371 18623430 19108837 19691332 20360552 1412329 -926922 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7251141 98740 -172480 184148 6993253 4921329 968923 1527589 166700 7251141 4927203 149451 155325 4921329 5074924 40279 188000 4927203 4485514 300000 460437 171027 5074924 0.51090 0.21720 0.27190 0 0 155546 155546 10738575 4049710 6688865 1299313 744119 555194 240597 93947 146650 7546255 GT U.S. FUND, LP 45521 F GT INTERNATIONAL EQUITY FUND, LP 56219 F GT REAL ASSETS II, LP 139769 F GT SPECIAL OPPORTUNITIES III, LP 12229 F PALLADIAN PARTNERS VIII-A, LP 279913 F GT OFFSHORE FUND, LTD 274540 F GT EMERGING MARKETS 49715 F PALLADIAN PARTNERS IX-A, LP 528570 F GT REAL ASSETS III, LP 202630 F VANGUARD 500 - INDEX ADMIRAL 1646146 F 3235252 X 6268540 -926922 -332487 -1259409 7527949 -15430 -15430 7512519 5783133 15430 15430 5767703 332487 332487 6100190 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, 2019 THROUGH MAY 31, 2022, FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR JURISDICTIONS AS OF MAY 31, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS AND REMISSIONS -332,487. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE -15,430. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 15,430. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS & REMISSIONS 332,487. 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 109875 109875 15430 109875 109875 15430 15430 94445 1 TUITION SCHOLARSHIPS 38 294175 CASH EQUIVALENT REDUCTION IN TUITION TUITION REMISSIONS 7 38312 CASH EQUIVALENT REDUCTION IN TUITION 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.