Bf Inc
- Assets
- $2.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Atlanta, GA
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 43-1988942
Organization Overview
Bf Inc, operating under the name Bright Futures Atlanta, is located in Atlanta, GA. The organization was established in 2003. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Bright Futures Atlanta employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Futures Atlanta 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 12/2021, Bright Futures Atlanta generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
(SEE PAGE 2) PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMY - BRIGHT FUTURES ATLANTA (BFA) OPERATES A FULL DAY, AUGUST THROUGH MAY, FULLY ACCREDITED TRADITIONAL SCHOOL FOR MIDDLE AND HIGH SCHOOL STUDENTS. IN A TYPICAL YEAR WE HAVE ANYWHERE BETWEEN 75 TO 95 STUDENTS ENROLLED ACROSS GRADES 6 THROUGH 12. THESE STUDENTS ARE OFFERED ALL CORE EDUCATIONAL CLASSES AS WELL AS ADDITIONAL ELECTIVE OPTIONS. THE GOAL OF BFA IS TO GIVE STUDENTS AN EDUCATIONAL CONTEXT FOR LEARNING IN WHICH THEY ARE NOT DISTRACTED BY THE CHAOS OF INNER-CITY PUBLIC SCHOOLS.
AFTER SCHOOL - BRIGHT FUTURES ATLANTA OPERATES A THREE HOUR AFTER-SCHOOL PROGRAM MONDAY - THURSDAY FOR ALL BFA STUDENTS. THE SHARPENING SKILLS FOR SUCCESS PROGRAM (S3) PROVIDES A COMBINATION OF ART, MUSIC AND RECREATIONAL ACTIVITY TO FOSTER CREATIVITY, MUSIC APPRECIATION AND TEAM DYNAMICS. THE PROGRAM PROVIDES TUTORING, HOMEWORK HELP, ART EDUCATION, SPORTS AND RECREATION, MUSIC, DEVOTION AND DINNER. ADDITIONALLY, BFA HAS ADDED A HIGH TECH COMPUTER LAB COMPLETE W/CODING COMPUTERS, VIRTUAL REALITY MACHINES AND GRAPHIC DESIGN INSTRUMENTS. A STATE OF THE ART MEDIA CENTER COMPLETE WITH CAMERAS, SET, LIGHTING AND EDITING WORKROOM HAVE ALSO BEEN ADDED.
SUMMER CAMP - BRIGHT FUTURES ATLANTA OPERATES A TEN WEEK SUMMER CAMP WITH INTENSE INTERACTION AND DISCIPLESHIP THROUGH DEVOTION, CHARACTER BUILDING, FIELD TRIPS, SWIMMING AND OVERNIGHT EXCURSIONS. DEVOTION AND CHARACTER BUILDING DISCUSSIONS ARE HELD DAILY TO PROMOTE STRONG SOCIAL CONSCIENCE. WEEKLY OUTINGS ARE HELD TO EXPOSE STUDENTS TO THE ARTS, NATURE AND OTHER ACTIVITIES THAT THEY OTHERWISE WOULD NOT EXPERIENCE. OVERNIGHT ACTIVITIES ARE HELD TO PROMOTE CLOSE FRIENDSHIPS AND TEAM COHESIVENESS.
POST HIGH SCHOOL PROGRAM - OFFERS ASSISTANCE TO POST GRADUATE STUDENTS.CASH FUNDS AND PHYSICAL/INKIND GOODS ARE GIVEN TO PARTICIPANTS EITHER ENROLLED IN COLLEGE, TECHNICAL SCHOOLS, MILITARY OR FULL TIME EMPLOYMENT TO ASSIST IN THEIR SUCCESS. ASSISTANCE INCLUDES PAYMENTS FOR TUITION, HOUSING, BOOKS, LIVING EXPENSES, AUTOMOBILES, FOOD, TRAVEL, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Ross Executive Director | Officer | 40 | $80,000 |
Gail Ross Director Of Programs | Officer | 40 | $50,000 |
Matthew Hartnett Secretary | OfficerTrustee | 2 | $0 |
Tony Van Gelder Treasurer | OfficerTrustee | 2 | $0 |
Michael Andreas Board Chair | OfficerTrustee | 2 | $0 |
Rob Metcalf Board Member/past Board Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $286,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,386,972 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,673,904 |
| Total Program Service Revenue | $9,729 |
| Investment income | $481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $295,087 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,979,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,607 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $143,253 |
| Other salaries and wages | $516,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,336 |
| Payroll taxes | $52,290 |
| Fees for services: Management | $141,436 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,367 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $46,200 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,809 |
| Advertising and promotion | $9,567 |
| Office expenses | $0 |
| Information technology | $31,648 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $8,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $407 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,907 |
| Insurance | $56,575 |
| All other expenses | $44,528 |
| Total functional expenses | $1,449,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $997,676 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $292,447 |
| Accounts receivable, net | $4,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,192,288 |
| Investments—publicly traded securities | $29,105 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,516,011 |
| Accounts payable and accrued expenses | $13,289 |
| 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 | $147,123 |
| Other liabilities | $0 |
| Total liabilities | $160,412 |
| Net assets without donor restrictions | $2,355,599 |
| Net assets with donor restrictions | $0 |
| 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 | $2,516,011 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Bf Inc has recieved totaling $321,396.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $101,000 |
One Hundred Shares Inc Atlanta, GA PURPOSE: BUILD STUDENT PRGMS | $67,500 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $54,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: YOUTH DEVELOPMENT | $20,000 |
Georgia Securities Association Inc Atlanta, GA PURPOSE: Char Assist | $20,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $11,686 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
Florida Sheriffs Youth Ranches Inc Boys Ranch, FL | $84,342,372 | $25,037,131 |
National Association Of Competitive Soccer Clubs Myrtle Beach, SC | $2,349,314 | $12,740,248 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
Epic-Cure Inc St Augustine, FL | $312,618 | $8,316,447 |
Gulf Coast Childrens Advocacy Panama City, FL | $5,514,072 | $7,744,827 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Gang Alternative Inc Miami, FL | $2,177,395 | $7,044,505 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Big Brothers And Big Sisters Of Greater Miami Miami, FL | $13,886,069 | $6,863,222 |