Bright Lights Inc
- Assets
- $943.9k
- Revenue
- $873.1k
- Investments
- $600.4k
- Employees
- 18
- Location
- Lincoln, NE
- Founding
- 06/1988
- Data as of
- 08/2022
- EIN
- 47-0708499
Organization Overview
Bright Lights Inc is located in Lincoln, NE. The organization was established in 1988. As of 08/2022, Bright Lights Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Lights Inc 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 08/2022, Bright Lights Inc generated $873.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $475.9k during the year ending 08/2022. 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
EDUCATION OF YOUNG PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER ENRICHMENT CLASSES WERE OFFERED TO STUDENTS FROM KINDERGARTEN TO EIGHTH GRADES DURING THE SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Paulsen Exec Dir - F | Officer | 40 | $78,575 |
Renee Ford Executive Di | Officer | 40 | $60,908 |
Jay Lechner Treasurer | OfficerTrustee | 1 | $0 |
Betsy Tonniges Past Preside | OfficerTrustee | 1 | $0 |
Heather Howard President | OfficerTrustee | 2.5 | $0 |
Kimberly Bilder Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,271 |
| Noncash contributions included in lines 1a–1f | $6,763 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,271 |
| Total Program Service Revenue | $241,667 |
| Investment income | $28,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $411,110 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $873,109 |
| 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. | $137,939 |
| Compensation of current officers, directors, key employees. | $34,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,659 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,860 |
| Payroll taxes | $17,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,712 |
| Advertising and promotion | $16,257 |
| Office expenses | $14,780 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,719 |
| 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 | $0 |
| Insurance | $10,631 |
| All other expenses | $7,419 |
| Total functional expenses | $475,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,967 |
| Savings and temporary cash investments | $234,603 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $4,861 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $600,410 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30 |
| Total assets | $943,871 |
| Accounts payable and accrued expenses | $49 |
| 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 | $7,354 |
| Total liabilities | $7,403 |
| Net assets without donor restrictions | $910,122 |
| Net assets with donor restrictions | $26,346 |
| 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 | $943,871 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bright Lights Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Dolezal Family Foundation Charitable Trust Lincoln, NE PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Concordia University St Paul St Paul, MN | $168,274,815 | $110,114,191 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
North Park University Chicago, IL | $342,334,574 | $94,494,659 |
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |