2020-10-19T07:32:52-05:00 2020-05-31 621093134 JOHNSON MURPHEY & WRIGHT PC 301 NORTH MARKET STREET CHATTANOOGA TN 37405 990 2019-06-01 620476284 BRIGHT SCHOOL INC BRIG 4232678546 1950 MCDADE LANE CHATTANOOGA TN 37405 OJ MORGAN HEAD OF SCHOOL 4232678546 2020-10-19 1 PAUL JOHNSON III CPA P00932002 4237561170 204.93.122.184 2020-10-19 08:32:06 ED P 1C457D71A3AA315DFCE39122DF4507F304C178EC 1C457D71A3AA315DFCE39122DF4507F304C178EC 2019 2021-01-29 14:40:06Z OJ MORGAN 1950 MCDADE LANE CHATTANOOGA TN 37405 7217968 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. 21 21 110 100 3847 0 2035750 1864898 5182965 5037655 138563 241899 123494 61622 7480772 7206074 319731 352723 0 0 3464253 3533444 0 0 263807 1693821 1830081 5477805 5716248 2002967 1489826 14125521 16454416 1149219 2039922 12976302 14414494 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 3281603 352723 4741643 PROVIDE EXCELLENT EDUCATIONAL INSTRUCTION FOR ELEMENTARY AGE BOYS AND GIRLS 1000275 MAINTENANCE 296478 296012 SUMMER SCHOOL AND OTHER PROGRAMS 4578356 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 110 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 21 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 ALLISON CROMIE TRUSTEE 2.00 X 0 0 0 CHRIS CURTIS TRUSTEE 2.00 X 0 0 0 WARD DAVENPORT TRUSTEE 2.00 X 0 0 0 MARY HOWARD ADE TRUSTEE 2.00 X 0 0 0 FRANK HUGHES TRUSTEE 2.00 X 0 0 0 JOHN R BODE TRUSTEE 2.00 X 0 0 0 HELGE NESTLER TRUSTEE 2.00 X 0 0 0 BLAIR CANNON TRUSTEE 2.00 X 0 0 0 MARCUS RAFIEE TRUSTEE 2.00 X 0 0 0 LINDSAY RICHARDSON HILL 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 CHAIR 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 OJ MORGAN HEADMASTER 40.00 X 168485 0 10109 168485 0 10109 1 0 1 0 0 1864898 1864898 TUITION AND FEES 611710 5037655 5037655 5037655 241899 3847 238052 73516 11894 61622 61622 7206074 5037655 3847 299674 352723 352723 170560 170560 2849552 2366750 327782 155020 116379 80996 26483 8900 178781 163538 14352 891 218172 171503 34965 11704 32767 32767 71176 1561 69615 44323 26646 17677 162138 162138 56755 56755 1257 1257 250981 250981 67511 444 67067 REPAIRS & MAINTENANCE 428907 428907 FOOD & CAFETERIA 244573 244573 SCHOOL SUPPLIES 198897 198897 PARENTAL ASSOCIATION 86931 86931 183865 10402 173463 5716248 4578356 874085 263807 20 20 2759252 3375201 1261744 1553999 31151 33068 10086038 4331031 4508419 5755007 5564935 5651917 0 85204 14125521 16454416 624450 567301 524769 771599 615818 0 85204 1149219 2039922 X 9349589 10857830 3626713 3556664 12976302 14414494 14125521 16454416 1489826 -51634 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4927203 149451 -155325 4921329 5074924 40279 -188000 4927203 4485514 300000 460437 -171027 5074924 4033848 500648 -48982 4485514 4370804 -336053 -903 4033848 0.59700 0.40300 0.00000 0 0 148912 148912 8508602 3546988 4961614 0 1181294 711479 469815 247230 72564 174666 5755007 GT U.S. FUND, LP 1054831 F GT INTERNATIONAL EQUITY FUND, LP 735304 F GT INSTITUTIONAL FIXED INCOME FUND, LP 292886 F GT REAL ASSETS II, LP 114969 F GT SPECIAL OPPORTUNITIES III, LP 220343 F PALLADIAN PARTNERS VIII-A, LP 174229 F GT OFFSHORE FUND, LTD 2525040 F GT EMERGING MARKETS 393082 F PALLADIAN PARTNERS IX-A, LP 113848 F GT REAL ASSETS III, LP 27385 F 5651917 DUE FROM OTHER FUND 85204 85204 X 6813611 -51634 -352723 -404357 7217968 -11894 -11894 7206074 5375419 11894 11894 5363525 352723 352723 5716248 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, 2017 THROUGH MAY 31, 2020, FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR JURISDICTIONS AS OF MAY 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS AND REMISSIONS -352,723. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE -11,894. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 11,894. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS & REMISSIONS 352,723. 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 73516 73516 11894 73516 73516 11894 11894 61622 1 TUITION SCHOLARSHIPS 48 312064 CASH EQUIVALENT REDUCTION IN TUITION TUITION REMISSIONS 11 40659 CASH EQUIVALENT REDUCTION IN TUITION X 0 0 0 0 0 0 0 0 0 OJ MORGAN HEADMASTER 168485 0 0 0 0 0 0 0 10109 0 178594 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.