Bright Blessings
- Assets
- $450.6k
- Revenue
- $881.3k
- Investments
- $0.0
- Employees
- 16
- Location
- Matthews, NC
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 35-2324487
Organization Overview
Bright Blessings is located in Matthews, NC. The organization was established in 2008. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Bright Blessings employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Blessings is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bright Blessings generated $881.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $812.7k during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING JOY, CARE, COMFORT AND HOPE TO HOMELESS AND IMPOVERISHED CHILDREN BY MOBILIZING COMMUNITY VOLUNTEERS OR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLESS-A-BABY: PROVIDES MOTHERS OF NEWBORN CHILDREN A BASKET WITH DIAPERS, FORMULA, WIPES, STUFFED ANIMALS AND BOTTLES.
BLESS-A-BIRTHDAY: PROVIDE BIRTHDAY CELEBRATIONS AND ENRICHMENT PROGRAMS AT LOCAL AREA SHELTERS OFFERING PRESENTS, ACTIVITIES, FOOD, GOODIE BAGS, CAKE AND JUICE. EACH CHILD RECEIVES TWO NEW BOOKS AS A PART OF THE GIFT OF LITERACY PROGRAM OR A CHILD RECEIVES AN ANONYMOUS BIRTHDAY CELEBRATION PROVIDING A GIFT, BIRTHDAY SNACK BAG TO ELEMENTARY STUDENTS. THE PROGRAM ALSO PROVIDES HYGIENE SETS ALONG WITH A "PARTY-TO-GO" SO THAT MIDDLE AND HIGH SCHOOL STUDENTS CAN CELEBRATE WITH THEIR FAMILIES. EACH BIRTHDAY CHILD RECEIVES A BLANKET AND CRITICAL CARE ITEMS FOR HYGIENE.
GIFT OF CARE: PROVIDE HYGIENE KITS AND GIFTS OF CARE FOR HOMELESS AND IMPOVERISHED STUDENTS. ALSO, BRIGHT BLESSINGS PROVIDES SNACKS, BACKPACKS AND STUFFED ANIMALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tisha Margraves Executive Director | Trustee | 37 | $68,117 |
Russell Norris Chairperson | OfficerTrustee | 0.2 | $0 |
Tim Moreau Director | Trustee | 0.2 | $0 |
Linda Morris Director | Trustee | 0.2 | $0 |
Brianna Mcrae Secretary | OfficerTrustee | 0.2 | $0 |
Katrina Hayes Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $209,773 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $671,568 |
| Noncash contributions included in lines 1a–1f | $242,202 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $881,341 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $881,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,143 |
| Compensation of current officers, directors, key employees. | $2,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,575 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,605 |
| Office expenses | $30,057 |
| Information technology | $9,007 |
| Royalties | $0 |
| Occupancy | $122,174 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,484 |
| Insurance | $3,955 |
| All other expenses | $0 |
| Total functional expenses | $812,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,747 |
| Savings and temporary cash investments | $163,452 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $185,868 |
| Prepaid expenses and deferred charges | $3,750 |
| Net Land, buildings, and equipment | $21,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $450,569 |
| Accounts payable and accrued expenses | -$2,246 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | -$2,246 |
| Net assets without donor restrictions | $400,143 |
| Net assets with donor restrictions | $52,672 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $450,569 |