2021-12-21T07:11:25-06:00 2021-05-31 621093134 JOHNSON MURPHEY & WRIGHT PC 301 NORTH MARKET STREET CHATTANOOGA TN 37405 990 2020-06-01 620476284 BRIGHT SCHOOL INC BRIG 4232678546 1950 MCDADE LANE CHATTANOOGA TN 37405 OJ MORGAN HEAD OF SCHOOL 4232678546 2021-12-21 1 OJ MORGAN 999009999 PAUL JOHNSON III CPA P00932002 4237561170 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z OJ MORGAN 1950 MCDADE LANE CHATTANOOGA TN 37405 8338752 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. 20 20 105 100 10791 9791 1864898 2745685 5037655 5140028 241899 385822 61622 46023 7206074 8317558 352723 369394 0 0 3533444 3354796 0 0 247698 1830081 1839620 5716248 5563810 1489826 2753748 16454416 19691332 2039922 1067902 14414494 18623430 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 3320354 369394 5022955 PROVIDE EXCELLENT EDUCATIONAL INSTRUCTION FOR ELEMENTARY AGE BOYS AND GIRLS 984256 MAINTENANCE 212573 117073 SUMMER SCHOOL AND OTHER PROGRAMS 4517183 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 105 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 20 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 X FRANK HUGHES TRUSTEE 2.00 X 0 0 0 JOHN R BODE TRUSTEE 2.00 X 0 0 0 BLAIR CANNON TRUSTEE 2.00 X 0 0 0 BARRY LARGE TRUSTEE 2.00 X 0 0 0 BETSEY KATES TRUSTEE 2.00 X 0 0 0 AUSTIN CENTER CHAIRMAN 2.00 X X 0 0 0 TODD PHILLIPS TRUSTEE 2.00 X 0 0 0 RYAN DILLARD TRUSTEE 2.00 X 0 0 0 CHERIE PASHLEY TRUSTEE 2.00 X 0 0 0 LAUREN TEMPLETON TRUSTEE 2.00 X 0 0 0 RAY RYAN TRUSTEE 2.00 X 0 0 0 JOHN SORROW TRUSTEE 2.00 X 0 0 0 BETSY RANALLI TRUSTEE 2.00 X 0 0 0 SCOTTY JONES TRUSTEE 2.00 X 0 0 0 HENRY ALDRIDGE TRUSTEE 2.00 X 0 0 0 PHILIP BYRUM TRUSTEE 2.00 X 0 0 0 MARY HOWARD ADE GLOVER TRUSTEE 2.00 X 0 0 0 WILLIAM HOWARD TRUSTEE 2.00 X 0 0 0 MARIA KAIN MATTHEWS TRUSTEE 2.00 X 0 0 0 LINDSAY RICHARDSON HILL TRUSTEE 2.00 X 0 0 0 OJ MORGAN HEADMASTER 40.00 X 173540 0 10412 173540 0 10412 1 0 1 0 0 46500 615817 2083368 2745685 TUITION AND FEES 611710 5140028 5140028 5140028 151128 10791 140337 234694 0 234694 234694 234694 67217 46500 21194 46023 46023 8317558 5140028 10791 421054 369394 369394 170677 170677 2644780 2223344 277883 143553 107407 76411 21829 9167 207856 181088 19684 7084 224076 177842 34812 11422 4079 4079 25492 25492 8608 8608 72374 72374 27295 23197 4098 153442 153442 25494 25494 98 98 294271 294271 73781 73781 REPAIRS & MAINTENANCE 402553 402553 FOOD & CAFETERIA 320552 320552 SCHOOL SUPPLIES 189170 189170 PARENTAL ASSOCIATION 92150 92150 150261 11374 138887 5563810 4517183 798929 247698 20 1333621 3375201 4506204 1553999 755331 33068 55157 10411205 4549854 5755007 5861351 5651917 7179668 85204 0 16454416 19691332 567301 608813 771599 459089 615818 85204 0 2039922 1067902 X 10857830 13535520 3556664 5087910 14414494 18623430 16454416 19691332 2753748 1455188 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4921329 968923 1527589 166700 7251141 4927203 149451 155325 4921329 5074924 40279 188000 4927203 4485514 300000 460437 171027 5074924 4033848 500648 48982 4485514 0.51432 0.40680 0.07888 0 0 113012 113012 8708787 3770926 4937861 1306276 694326 611950 283130 84602 198528 5861351 GT U.S. FUND, LP 1257363 F GT INTERNATIONAL EQUITY FUND, LP 1237392 F GT REAL ASSETS II, LP 139554 F GT SPECIAL OPPORTUNITIES III, LP 334388 F PALLADIAN PARTNERS VIII-A, LP 255094 F GT OFFSHORE FUND, LTD 2839719 F GT EMERGING MARKETS 460768 F PALLADIAN PARTNERS IX-A, LP 285754 F GT REAL ASSETS III, LP 80505 F PIMCO ST 150926 F METROPOLITAN WEST 138205 F 7179668 X 9424546 1455188 -369394 1085794 8338752 -21194 -21194 8317558 5215610 21194 21194 5194416 369394 369394 5563810 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, 2018 THROUGH MAY 31, 2021, FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR JURISDICTIONS AS OF MAY 31, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS AND REMISSIONS -369,394. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE -21,194. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 21,194. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS & REMISSIONS 369,394. 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 50407 0 50407 SUNDAY FUNDAY TOP GOLF 63310 46500 16810 16402 4792 113717 46500 67217 16402 4792 21194 46023 1 TUITION SCHOLARSHIPS 54 352375 CASH EQUIVALENT REDUCTION IN TUITION TUITION REMISSIONS 6 17019 CASH EQUIVALENT REDUCTION IN TUITION X 0 0 0 0 0 0 0 0 0 OJ MORGAN HEADMASTER 173540 0 0 0 0 0 0 0 10412 0 183952 0 0 0 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.