Overview
What is Bright Star Education Group?
Bright Star Education Group is a nonprofit organization situated in Los Angeles, California. Its primary focus is to provide educational facilities for Bright Star Schools, a network of public charter schools. The organization's mission is to support, promote, and benefit these schools, aiding in their establishment and operation. It adheres to the educational concepts, methods, models, techniques, systems, and materials developed by Bright Star Schools, striving to expand quality public education opportunities.
Official website here: www.brightstarschools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Bright Star Education Group has received a One-Star rating from Charity Navigator, indicating concerns regarding its overall accountability and financial management. The organization demonstrates strengths in governance, with a fully independent board and effective oversight policies, such as whistleblower and conflict of interest policies. However, the low program expense ratio suggests that a significant portion of its budget is not allocated towards program services, raising questions about its operational effectiveness.
The financial health of Bright Star Education Group is also a concern, as indicated by the liabilities to assets ratio, which is notably high at 86.01%. This suggests that the organization may have challenges managing its debt relative to its assets, which could impact its sustainability. Additionally, the absence of tax forms on its website limits transparency and could lead to decreased trust among potential donors and stakeholders.
While the organization meets some important governance criteria, the significant issues highlighted in the financial metrics and program funding may hinder its ability to fulfill its mission effectively. Prospective donors and supporters might consider these factors when evaluating their support for Bright Star Education Group.
This AI summary has been generated from information found on Charity Navigator.
Is Bright Star Education Group legitimate?
Bright Star Education Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Star Education Group 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: $0
For more financial information, click here
Official website here: www.brightstarschools.org
What is the mission statement of Bright Star Education Group?
The Bright Star Education Group's mission is centered around promoting, supporting, and facilitating the purpose of Bright Star Schools, a nonprofit public benefit corporation that operates California public charter schools. The organization serves as the facility development entity for Bright Star Schools, aiming to replicate and carry out their educational concepts and methods. The primary goal is to provide high-quality public education based on the teaching methods and models of Bright Star Schools, thereby benefiting students and their communities.
Official website here: www.brightstarschools.org
Who is the CEO of Bright Star Education Group?
Dean Indot is the Board Chair of Bright Star Education Group. The CEO's salary of Bright Star Education Group is $0 and their total compensation is $290,921.
Official website here: www.brightstarschools.org
What is the revenue of Bright Star Education Group?
Bright Star Education Group's revenue in 2022 was $3,700,945.
Official website here: www.brightstarschools.org
Who are the executives of Bright Star Education Group and what are their salaries?
There 5 volunteers at Bright Star Education Group.
Here are 6 key members and their salaries (Bright Star Education Group's CEO's salary is $0 and their total compensation is $290,921):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $236,271
- Other: $54,650
Official website here: www.brightstarschools.org
Where can I find the form 990 for Bright Star Education Group?
Bright Star Education Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brightstarschools.org
Learn more at the official website: www.brightstarschools.org
Mission Statement of Bright Star Education Group
Bright Star Education Group, as a facility development entity, is committed to promoting, supporting, benefiting, replicating, and carrying out the purpose of Bright Star Schools. This nonprofit public benefits corporation operates California public charter schools, providing public education based on the educational and teaching concepts, methods, models, techniques, systems, and materials of Bright Star Schools. The mission of Bright Star Education Group is to serve as a foundation for these schools, ensuring they can effectively deliver high-quality education to their students. By providing necessary facilities and resources, Bright Star Education Group aims to support the growth and success of Bright Star Schools and any other public charter schools that may be established with similar educational principles.
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Impact
July, 2024
Bright Star Education Group's impact lies in its commitment to providing educational facilities for Bright Star Schools, a network of public charter schools in California. By supporting the development and replication of innovative educational concepts, methods, and models, Bright Star Education Group aims to elevate public education and positively influence the lives of students within the communities it serves. Through its focus on promoting academic excellence and student achievement, Bright Star Education Group's efforts contribute to the advancement of education and the empowerment of future generations.
This information is meant to be a general summary of Bright Star Education Group. 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: $13,691
- Program Service Revenue: $3,687,254
- Gross Receipts: $3,700,945
Assets and Liabilities:
- Total Assets: $48,594,863
- Total Liabilities: $35,480,692
- Net Assets: $13,114,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY FEES
Revenue
$3,687,254
Organization Details
Founding Year
2013
Phone
(323) 954-9957Principal Officer
Dean Indot
Main Address
5101 SANTA MONICA BLVD STE 8 PMB 93, LOS ANGELES, CA, 90029
Website
www.brightstarschools.orgNTEE Category
Code: B20 - Education
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