Bright Star Schools
- Assets
- $56.5m
- Revenue
- $56.9m
- Investments
- $0.0
- Employees
- 590
- Location
- Los Angeles, CA
- Founding
- 03/2004
- Data as of
- 06/2021
- EIN
- 55-0806673
Organization Overview
Bright Star Schools is located in Los Angeles, CA. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Bright Star Schools employed 590 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Star Schools 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 06/2021, Bright Star Schools generated $56.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $51.1m during the year ending 06/2021. While expenses have increased by 7.1% per year over the past 6 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
TO OPEN THE MINDS AND DOORS OF STUDENTS BY PROVIDING A COLLEGE-PREPARATORY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC CHARTER ELEMENTARY SCHOOL: TWO ARE TK-4, ONE IS TK-5. 3 MIDDLE SCHOOLS TWO 5-8 AND ONE 6-8 GRADES. THREE HIGH SCHOOLS GRADES 9-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hrag Hamalian Executive Director | Officer | 40 | $218,000 |
Melissa Kaplan Deputy Sup Of Education | Officer | 40 | $187,151 |
Saman Bravo-Karimi Chief Business Officer | Officer | 40 | $177,500 |
Eliza Kim Head Of School | 40 | $144,913 | |
Jennifer Simmons VP Of Curriculum & Instruc | 40 | $135,901 | |
Veronica Yu Chief Operating Officer | Officer | 40 | $135,445 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zebib Habte Accounting Services | 6/29/21 | $134,000 |
George Alfaro Construction | 6/29/21 | $157,219 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,906,044 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,002,112 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,908,156 |
| 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 | $56,908,156 |
| 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. | $824,703 |
| Compensation of current officers, directors, key employees. | $599,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,097,570 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,179,281 |
| Payroll taxes | $811,334 |
| Fees for services: Management | $942,401 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $204,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,038,642 |
| Advertising and promotion | $87,103 |
| Office expenses | $281,751 |
| Information technology | $1,016,624 |
| Royalties | $0 |
| Occupancy | $8,177,390 |
| Travel | $62 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $475,386 |
| Insurance | $288,480 |
| All other expenses | $637,743 |
| Total functional expenses | $51,108,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,253,734 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,215,115 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,652,873 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $718,296 |
| Net Land, buildings, and equipment | $26,908,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,769,292 |
| Total assets | $56,517,435 |
| Accounts payable and accrued expenses | $2,111,135 |
| Grants payable | $0 |
| Deferred revenue | $28,452,295 |
| 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 | $966,162 |
| Unsecured mortgages and notes payable | $5,846,300 |
| Other liabilities | $78,209 |
| Total liabilities | $37,454,101 |
| Net assets without donor restrictions | $18,950,444 |
| Net assets with donor restrictions | $112,890 |
| 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 | $56,517,435 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bright Star Schools has recieved totaling $101,567.
| Awarding Organization | Amount |
|---|---|
Great Public Schools Now Los Angeles, CA PURPOSE: SUPPORT FOR BRIGHT STAR SCHOOLS' SUMMER ENRICHMENT PROGRAMS | $81,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $20,552 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocketship Education Redwood City, CA | $74,871,482 | $120,667,231 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
River Springs Charter School Inc Temecula, CA | $93,652,592 | $73,899,584 |
Granada Hills Charter Granada Hills, CA | $124,597,337 | $79,128,584 |
California Online Public Schools San Juan Capistrano, CA | $32,661,705 | $70,303,969 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |
Gateway Community Charters Mcclellan, CA | $96,780,042 | $72,531,964 |
Visions In Education Carmichael, CA | $94,876,505 | $77,038,173 |
Ofl-Baldwin Park Inc Pasadena, CA | $26,446,895 | $59,505,291 |