Overview
What is Bright Beginnings Academy Inc?
Bright Beginnings Academy Inc is a nonprofit organization committed to serving low-income families and single-parent households with preschool children. Their primary mission is to offer high-quality child care services, ensuring these families have the necessary support during their children's formative years. By providing these crucial services, Bright Beginnings Academy Inc aims to make a positive impact on the lives of these families and contribute to their children's successful development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star Rating.
Bright Beginnings Academy Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance primarily in accountability and finance. The organization scored exceptionally well in several areas, including having a majority of independent board members and no material diversion of assets, which demonstrates strong governance and financial transparency.
The charity’s program expense ratio is notable at 77.62%, suggesting that a significant portion of its budget is allocated directly to its programs rather than administrative costs. This is a good indicator for donors looking to maximize the impact of their contributions. Additionally, the presence of a conflict of interest policy and proper documentation practices points to a commitment to ethical standards and operational integrity.
However, while the organization has performed well in accountability and finance metrics, the overall rating reflects an area where it may have room for improvement. Engaging with the community and showcasing the direct impact of their programs could enhance their standing and attract more support.
This AI summary has been generated from information found on Charity Navigator.
Is Bright Beginnings Academy Inc legitimate?
Bright Beginnings Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Beginnings Academy 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: $372,035
Professional Fundraising Fees: $0
Other Salaries and Wages: $651,626
For more financial information, click here
What is the mission statement of Bright Beginnings Academy Inc?
Bright Beginnings Academy Inc's mission is centered around offering high-quality child care services to low-income families and single-parent households with preschool-aged children. The organization is dedicated to supporting these families by providing essential services that cater to their specific needs. By doing so, Bright Beginnings Academy Inc aims to contribute positively to the development and well-being of the children, ultimately enhancing their overall quality of life.
Who is the CEO of Bright Beginnings Academy Inc?
Michelle Gregory is the President of Bright Beginnings Academy Inc.
What is the revenue of Bright Beginnings Academy Inc?
Bright Beginnings Academy Inc's revenue in 2022 was $1,810,578.
Who are the executives of Bright Beginnings Academy Inc and what are their salaries?
The average compensation at Bright Beginnings Academy Inc during 2022 was $23,806. There are 43 employees and 2 volunteers at Bright Beginnings Academy Inc.
Here are 3 key members and their salaries:
- Compensation: $342,600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $29,435
- Related: $0
- Other: $0
Where can I find the form 990 for Bright Beginnings Academy Inc?
Bright Beginnings Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bright Beginnings Academy Inc
Bright Beginnings Academy Inc is committed to serving low-income families and single parent households, offering them high-quality child care services for their preschool-aged children. The organization's mission is to extend a helping hand to these families, ensuring their young children receive the nurturing and educational environment they need to thrive. By providing these essential services, Bright Beginnings Academy Inc aims to make a significant positive impact on the lives of these families, empowering them to overcome challenges and build a brighter future for their children.
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Impact
July, 2024
Bright Beginnings Academy Inc has made a significant impact by providing quality child care services to low-income families and single-parent households in need. By addressing the specific needs of these families, the organization helps ensure that preschool children receive the care and education they require to thrive. Their mission to support these vulnerable populations not only benefits the children directly but also contributes to the overall well-being and stability of the families they serve. Through their dedicated efforts, Bright Beginnings Academy Inc helps to create a more equitable and nurturing environment for those facing financial challenges.
This information is meant to be a general summary of Bright Beginnings Academy 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 2022.
- Investment Income: $44
- Program Service Revenue: $1,575,469
- Gross Receipts: $1,810,578
Assets and Liabilities:
- Total Assets: $722,647
- Total Liabilities: $347,105
- Net Assets: $375,542
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low Income Child Care
Revenue
$1,400,723
Food Program
Revenue
$174,746
Organization Details
Founding Year
2017
Phone
(252) 619-5090Principal Officer
Michelle Gregory
Main Address
106 Beanway St, Elizabeth City, NC, 27909
NTEE Category
Code: P33 - Human services
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