Overview
What is Bright Star Foundation Corp?
Bright Star Foundation Corp is a compassionate nonprofit organization situated in Las Vegas, Nevada. With a small team of just two dedicated individuals, their primary mission is to offer emergency support to distressed and homeless youth. This assistance includes providing essential necessities such as food, shelter, funds, and clothing. They also connect these individuals with various organizations that can help them transition into becoming responsible citizens. The foundation follows up on these referrals to ensure their effectiveness, demonstrating a commitment to the youth's well-being and successful transition.
Is Bright Star Foundation Corp legitimate?
Bright Star Foundation Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Star Foundation Corp submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,751
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What is the mission statement of Bright Star Foundation Corp?
The Bright Star Foundation Corp's mission is focused on providing temporary housing and financial support for the emergency needs of homeless youth. This organization offers direct financial aid to address urgent requirements such as food, lodging, and essentials for distressed and homeless young individuals. In 2021, the foundation helped around 300 people in this capacity, and they also provided referrals to organizations that could assist in their transition to becoming responsible citizens. The foundation ensures follow-up on these referrals to confirm their effectiveness.
Who is the CEO of Bright Star Foundation Corp?
Peter Florstedt is the President of Bright Star Foundation Corp.
What is the revenue of Bright Star Foundation Corp?
Bright Star Foundation Corp's revenue in 2022 was $254,772.
Who are the executives of Bright Star Foundation Corp and what are their salaries?
The average compensation at Bright Star Foundation Corp during 2022 was $21,876. There are 2 employees and 1 volunteer at Bright Star Foundation Corp.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Bright Star Foundation Corp?
Bright Star Foundation Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bright Star Foundation Corp
Bright Star Foundation Corp is committed to providing temporary housing and financial support for the emergency needs of homeless youth. Their mission is to directly provide financial aid for urgent necessities such as food, shelter, and clothing to distressed and homeless young individuals. In 2021, the organization successfully assisted around 300 individuals in this regard. Furthermore, Bright Star Foundation Corp refers these youth to various organizations that can help them transition into becoming responsible citizens. The foundation ensures to follow up on these referrals to confirm their effectiveness, demonstrating a proactive and comprehensive approach to addressing the challenges faced by homeless youth.
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Impact
October, 2024
Bright Star Foundation Corp plays a crucial role in addressing the urgent needs of homeless youth in Las Vegas, Nevada. By providing temporary housing and direct financial support for emergency needs, they significantly impact the lives of vulnerable young individuals facing distressing circumstances. In 2021 alone, the organization assisted approximately 300 people, offering essential services such as food, lodging, clothing, and funds.
Additionally, Bright Star Foundation does not just provide immediate relief; they also promote long-term stability by connecting youth with various organizations that can help them transition into self-sufficient, contributing members of society. The ongoing follow-up ensures that the referrals are effective, demonstrating a commitment to the holistic well-being of the individuals they serve. This comprehensive approach fosters a sense of hope and empowerment among homeless youth, guiding them towards brighter futures.
This information is meant to be a general summary of Bright Star Foundation Corp. 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.
- Investment Income: $8
- Program Service Revenue: $216,047
- Gross Receipts: $254,772
Assets and Liabilities:
- Total Assets: $2,121,940
- Total Liabilities: $1,366,580
- Net Assets: $755,360
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING RENTAL INCOME
Revenue
$215,981
LAUNDRY INCOME
Revenue
$66
Organization Details
Founding Year
2015
Phone
(702) 813-6214Principal Officer
Peter Florstedt
Main Address
721 S 8TH ST, LAS VEGAS, NV, 89101
NTEE Category
Code: X20 - Religion related
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