Overview
What is Bright Light Foundation?
The Bright Light Foundation is a nonprofit organization that offers financial aid to families within the upstream oil and gas sector who are grappling with substantial medical expenses for a family member. Their mission is to alleviate the financial burden by providing grants to cover medical and educational expenses. As per the provided information, they awarded seven individuals a total sum of $50,000. The Foundation's support extends beyond just medical expenses, demonstrating a commitment to holistic assistance for affected families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 73%)
The Bright Light Foundation has received a two-star rating from Charity Navigator, indicating that while it has commendable aspects, there are significant areas needing improvement. The organization excels in accountability and finance, scoring a perfect 100% in this category. Additionally, it demonstrates strong governance practices, such as having a majority of independent board members and a favorable liabilities to assets ratio.
Despite its strengths, Bright Light Foundation faces considerable challenges, particularly in transparency and policy implementation. Key documents such as the conflict of interest policy, whistleblower policy, and document retention policy are missing, which have contributed to its lower overall rating. Furthermore, the absence of tax forms and related documentation on its website raises concerns about accessibility and accountability.
To enhance its standing and overall effectiveness, the Bright Light Foundation would benefit from addressing these policy gaps and improving its transparency measures. Doing so could help restore trust and bolster its mission, ensuring that it can better serve its community and stakeholders in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Bright Light Foundation legitimate?
Bright Light Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Light Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
What is the mission statement of Bright Light Foundation?
The Bright Light Foundation's mission is to provide financial aid to families in the upstream oil and gas industry who are faced with substantial medical expenses for a family member. Through this initiative, the foundation has distributed a total of 50,000 dollars to seven deserving individuals, helping them cover both medical and educational costs. The foundation's purpose is to alleviate the financial burden during challenging times, aiming to support these families in their journey towards recovery and well-being.
Who is the CEO of Bright Light Foundation?
Mike Mcevilly is the President of Bright Light Foundation.
What is the revenue of Bright Light Foundation?
Bright Light Foundation's revenue in 2022 was $61,740.
Who are the executives of Bright Light Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Bright Light Foundation?
Bright Light Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Bright Light Foundation
The Bright Light Foundation is a non-profit organization with a mission to extend financial aid to families within the upstream oil and gas industry. These families are often faced with substantial medical expenses for a loved one. The foundation has demonstrated its commitment by granting funds to seven such families, amounting to a total of 50,000 dollars. Apart from medical expenses, the Bright Light Foundation also extends its assistance to cover educational costs.
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Impact
August, 2024
Bright Light Foundation has significantly impacted families in the upstream oil and gas industry who are facing large medical expenses for a family member. Through their assistance, seven individuals were awarded a total of $50,000 for medical expenses, providing crucial support during challenging times. Additionally, the foundation offers aid with medical and education expenses, further enhancing the well-being of families in need. This targeted support demonstrates Bright Light Foundation's commitment to making a tangible difference in the lives of those it serves.
This information is meant to be a general summary of Bright Light Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $16,283
- Gross Receipts: $61,740
Assets and Liabilities:
- Total Assets: $9,154
- Total Liabilities: $0
- Net Assets: $9,154
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Organization Details
Phone
(832) 442-1000Principal Officer
Mike Mcevilly
Main Address
PO BOX 132319, SPRING, TX, 77393
NTEE Category
Code: T12 - Philanthropy
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