Overview
What is Bright Springs Foundation?
Bright Springs Foundation is a nonprofit organization situated in Murfreesboro, Tennessee. With a team of three dedicated individuals, its primary objective is to serve charitable and educational purposes, as per Section 501(C)(3) of the Internal Revenue Code. The foundation aims to educate the public on global Christian evangelism, and also engages in various other charitable activities, as decided by its board of directors. The organization is authorized to undertake any lawful activities that align with these broader purposes.
Official website here: www.brightsprings.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Bright Springs Foundation has received a two-star rating from Charity Navigator, indicating that there are several areas needing improvement in its operations. The overall score of 62% reflects solid program expense management, with a program expense ratio of 99.71%, which means that nearly all funds raised are directed towards its programs. However, the foundation's financial transparency is a significant concern, as it has not provided financial statements and lacks essential policies such as conflict of interest and whistleblower protection.
The organization has a majority of independent board members, which is a positive aspect demonstrating governance commitment. However, the board's size is small, with only two independent members, which may limit its effectiveness. The foundation also scores well on liability management, with a 0.00% liabilities to assets ratio, indicating sound financial health in that regard. Nonetheless, the lack of key governance documents and policies raises questions about its overall accountability.
In summary, while the Bright Springs Foundation excels in program expenditure and maintaining a conflict-free environment concerning asset management, it faces challenges in transparency and governance. Addressing these limitations could enhance its credibility and effectiveness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Bright Springs Foundation legitimate?
Bright Springs Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Springs Foundation 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: $25,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,675
For more financial information, click here
Official website here: www.brightsprings.org
What is the mission statement of Bright Springs Foundation?
The Bright Springs Foundation, as per its certificate of incorporation, is established with the primary objective of receiving, administering, and expenditing funds for charitable and educational purposes under Section 501(C)(3). This includes educational initiatives focused on global Christian evangelism. The foundation is also empowered to engage in various charitable activities, as decided by its board of directors, and to participate in any lawful activities incidental to these purposes.
Official website here: www.brightsprings.org
What is the revenue of Bright Springs Foundation?
Bright Springs Foundation's revenue in 2023 was $4,812,445.
Official website here: www.brightsprings.org
Who are the executives of Bright Springs Foundation and what are their salaries?
The average compensation at Bright Springs Foundation during 2023 was $31,535. There are 5 employees at Bright Springs Foundation.
Here are 3 key members and their salaries:
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.brightsprings.org
Where can I find the form 990 for Bright Springs Foundation?
Bright Springs Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.brightsprings.org
Learn more at the official website: www.brightsprings.org
Mission Statement of Bright Springs Foundation
Bright Springs Foundation, as per its certificate of incorporation, is established with the primary objective of receiving, managing, and dispersing funds for charitable and educational purposes, falling under Section 501(C)(3). Its mission extends beyond this, encompassing the education of the public on global Christian evangelism. The foundation is also empowered to engage in various charitable activities, as decided by its board of directors, and any lawful activities that may be incidental to these foregoing purposes. In essence, Bright Springs Foundation is dedicated to spreading the message of Christianity globally, while simultaneously contributing to various charitable causes and activities, as guided by its board of directors.
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Impact
July, 2024
Bright Springs Foundation's impact is focused on educating the public on global Christian evangelism and engaging in various charitable activities. This includes receiving, administering, and expending funds for charitable and educational purposes within the guidelines of Section 501(c)(3). The organization aims to spread awareness about Christian evangelism on a global scale while also participating in other charitable endeavors as determined by its Board of Directors. Overall, Bright Springs Foundation seeks to make a positive difference through educational initiatives and charitable projects within the community.
This information is meant to be a general summary of Bright Springs 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 2023.
- Investment Income: $25
- Gross Receipts: $4,812,445
Assets and Liabilities:
- Total Assets: $314,564
- Total Liabilities: $0
- Net Assets: $314,564
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Organization Details
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