Overview
What is Bright Invention Inc?
Bright Invention Inc, located in Philadelphia, Pennsylvania, is a nonprofit organization with a team of two dedicated individuals. The company's primary focus is to utilize improvisation as a tool for personal and organizational growth. Their in-house acting ensemble, comprised of local actors, serves multiple roles. They not only perform in stand-alone shows but also teach for educational programs, act as the main performers in special events, and contribute to community and outreach programs. Moreover, they play an active role in the organization's corporate training sessions, demonstrating the versatility and centrality of their creative contributions to Bright Invention Inc.
Official website here: www.brightinvention.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%
Bright Invention Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 43% reflects issues in various areas, especially in financial transparency, as evidenced by a poor performance in the program expense ratio and liabilities to assets ratio.
While the organization benefits from a fully independent board and has a solid conflict of interest policy, it falls short in critical governance practices. Notably, it lacks a whistleblower policy and does not have proper document retention procedures in place, which raises questions about its operational integrity and transparency.
The charity's failure to publicly post its tax forms on its website is another red flag, highlighting a lack of accessibility to important financial information for potential donors and stakeholders. Overall, despite some strengths in board independence, the significant weaknesses in financial accountability and transparency are concerning for anyone considering support for Bright Invention Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Bright Invention Inc legitimate?
Bright Invention Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Invention Inc 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: $79,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.brightinvention.org
What is the mission statement of Bright Invention Inc?
Bright Invention Inc, as a organization, employs improvisation as a tool to empower both individuals and various entities, enabling them to unlock their hidden potentials. Their mission is centered around this concept, aiming to foster growth and development through the art of improvisation. Their in-house ensemble, composed of local actors from the Greater Philadelphia area, plays a significant role in carrying out this mission. They participate in performances, teach educational programs, and are actively involved in all special events, community programs, and corporate training sessions organized by Bright Invention.
Official website here: www.brightinvention.org
Who is the CEO of Bright Invention Inc?
Benjamin Lloyd is the Executive Director of Bright Invention Inc.
Official website here: www.brightinvention.org
What is the revenue of Bright Invention Inc?
Bright Invention Inc's revenue in 2023 was $72,668.
Official website here: www.brightinvention.org
Who are the executives of Bright Invention Inc and what are their salaries?
The average compensation at Bright Invention Inc during 2023 was $39,750. There are 2 employees and 5 volunteers at Bright Invention Inc.
Here are 4 key members and their salaries:
- Compensation: $67,500
- Related: $0
- Other: $1,295
- Compensation: $12,000
- Related: $0
- Other: $300
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.brightinvention.org
Where can I find the form 990 for Bright Invention Inc?
Bright Invention Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.brightinvention.org
Learn more at the official website: www.brightinvention.org
Mission Statement of Bright Invention Inc
Bright Invention Inc, as a mission-driven organization, employs improvisation as a tool to stimulate personal and organizational growth. By doing so, it empowers individuals to unlock their hidden potential. The company's in-house ensemble, named the Bright Invention Ensemble, plays a significant role in this mission. Comprised of talented actors from the Greater Philadelphia area, this ensemble is not only responsible for stand-alone performances but also serves as the primary teaching staff for the educational programs. Moreover, they are actively involved in all special events, community programs, outreach activities, and corporate training conducted by Bright Invention. The Bright Invention Ensemble, thus, serves as the creative heart of the organization.
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Impact
October, 2024
Bright Invention Inc significantly impacts individuals and organizations by leveraging the art of improvisation to enhance creativity, collaboration, and personal development. Through its in-house ensemble, comprised of talented actors from the Greater Philadelphia area, the organization provides both engaging performances and insightful educational programs. This dual approach not only entertains but also fosters essential skills such as adaptability, communication, and teamwork.
The ensemble serves as the backbone of Bright Invention's initiatives, participating in various special events, outreach programs, and corporate training sessions. By integrating improvisation into these activities, Bright Invention helps participants break down barriers, think on their feet, and unlock their full potential, ultimately creating a more dynamic and innovative community. Their focus on empowerment through the arts cultivates an environment where individuals can confidently express themselves and collaborate more effectively, driving personal and professional growth across diverse settings.
This information is meant to be a general summary of Bright Invention Inc. 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 2023.
- Investment Income: $12
- Program Service Revenue: $23,197
- Gross Receipts: $72,668
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Creative Corporate Training
Revenue
$13,400
Education and Events
Revenue
$9,442
Bright Invention
Revenue
$355
Organization Details
Founding Year
2011
Phone
(610) 864-0317Principal Officer
Benjamin Lloyd
Main Address
845 North 5th Street, Philadelphia, PA, 19123
Website
www.brightinvention.orgNTEE Category
Code: A65 - Arts
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