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Bright Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471219930 ✦ Mobile, AL ✦ Designated as a 501(c)(3)

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Overview

What is Bright Academy?

Bright Academy, located in Mobile, Alabama, is a private educational institution specialized in catering to children with dyslexia. As an elementary school, Bright Beginnings Academy offers a unique learning environment designed to accommodate the specific needs of its students. The academy's mission is centered around providing a quality education for children with dyslexia, ensuring they have the necessary support and resources to thrive academically. The academy's operations are private, ensuring a tailored and personalized approach to education for each child.


Official website here: www.brightdyslexics.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 77%, Three-Star out of Four Stars

Bright Academy has received a 77% rating from Charity Navigator, earning a Three-Star designation primarily based on its Accountability & Finance score. This rating reflects the organization's strong adherence to financial transparency and responsible governance practices, which are crucial for maintaining trust with donors and stakeholders.

The nonprofit excels in several key areas, including having a fully independent board with all eight members meeting the criteria. Bright Academy also demonstrates sound financial health, with a low liabilities-to-assets ratio of 15.79% and a high program expense ratio of 84.75%. These metrics indicate that the majority of its funding is allocated towards its programs, which is a positive sign for potential supporters.

However, while the overall score is solid, it is based solely on the Accountability & Finance beacon, suggesting that there may be limited evaluation of other operational aspects. As such, while Bright Academy shows commendable financial practices, prospective donors may want to consider additional factors such as program effectiveness and impact in their decision-making process.


This AI summary has been generated from information found on Charity Navigator.

Is Bright Academy legitimate?

Bright Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Academy 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: $42,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $287,772

For more financial information, click here


Official website here: www.brightdyslexics.com

What is the mission statement of Bright Academy?

Bright Academy, as a private institution, is dedicated to offering education to children with dyslexia. Situated in an elementary school setting, the academy's mission is to provide a nurturing environment that caters to the unique learning needs of these children. The academy strives to empower each student to reach their full potential, fostering an understanding and acceptance of dyslexia in the process. Through tailored teaching methods and personalized learning plans, Bright Academy aims to enhance the academic abilities of its students, ensuring they develop the skills necessary to thrive in their educational journey.


Official website here: www.brightdyslexics.com

Who is the CEO of Bright Academy?

Regina C Englund is the Director/Pre of Bright Academy.


Official website here: www.brightdyslexics.com

What is the revenue of Bright Academy?

Bright Academy's revenue in 2023 was $507,887.


Official website here: www.brightdyslexics.com

Who are the executives of Bright Academy and what are their salaries?

The average compensation at Bright Academy during 2023 was $14,990. There are 22 employees at Bright Academy.


Here are 2 key members and their salaries:


Regina C Englund (Director/Pre)
  • Compensation: $42,000
  • Related: $0
  • Other: $0
Bruce Englund (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.brightdyslexics.com

Where can I find the form 990 for Bright Academy?

Bright Academy's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.brightdyslexics.com

Learn more at the official website: www.brightdyslexics.com

Mission Statement of Bright Academy

Bright Academy, a private institution, is dedicated to offering an educational experience tailored to children grappling with dyslexia. Situated as an elementary school, this nonprofit organization provides a nurturing environment where students can thrive and overcome their learning challenges. The mission of Bright Academy is centered around delivering a personalized education to its pupils, enabling them to develop essential skills and confidence in their abilities. By addressing dyslexia, the academy empowers its students to reach their full potential and foster a love for learning.

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Impact




July, 2024

Bright Academy's impact is clear in the lives of children with dyslexia. By providing a private education tailored to their needs, Bright Academy empowers these students to succeed academically and socially. The school's specialized approach helps students overcome challenges and build confidence, setting them on a path towards a brighter future. Through its dedicated efforts, Bright Academy is making a significant difference in the lives of children with dyslexia, equipping them with the tools they need to thrive in school and beyond.




This information is meant to be a general summary of Bright Academy. 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.

Revenue
$507,887 (2023)
Expenses
$529,037 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4,867
  • Program Service Revenue: $472,301
  • Gross Receipts: $507,887

Assets and Liabilities:

  • Total Assets: $51,025
  • Total Liabilities: $8,059
  • Net Assets: $42,966

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SCHOOL TUITION

Revenue

$349,261

ERTC REFUND

Revenue

$41,826

SUPPLY FEE

Revenue

$19,614

ARCHERY, ACTIVITY FEE, ETC.

Revenue

$18,998

TUTORING FEE

Revenue

$12,115

Organization Details

Founding Year

2014

Principal Officer

Regina C Englund

Main Address

3590 PLEASANT VALLEY RD, MOBILE, AL, 36609

NTEE Category

Code: B24 - Education

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