Charles & Lois Marie Bright Foundation
- Assets
- $25.6m
- Revenue
- $1.2m
- Investments
- $19.1m
- Employees
- 0
- Location
- Nacogdoches, TX
- Founding
- 12/1997
- Data as of
- 09/2023
- EIN
- 75-2717755
Organization Overview
Charles & Lois Marie Bright Foundation is located in Nacogdoches, TX. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles & Lois Marie Bright Foundation 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 09/2023, Charles & Lois Marie Bright Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.9m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles & Lois Marie Bright Foundation has awarded 383 individual grants totaling $12,855,130. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Stanley Jones President | 0 | $0 | |
Greg Williams Vice Preside | 0 | $0 | |
Billy Earley Director | 0 | $0 | |
John Mast Director | 0 | $0 | |
Kurt Sutton Director | 0 | $0 | |
Wanda Russell Secretary/tr | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $429,389 |
| Dividends & Interest | $335,454 |
| Net Rental Income | $1,544 |
| Net Gain on Sale of Assets | $386,407 |
| Capital Gain Net Income | $386,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,153,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,935 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120,518 |
| Total operating and administrative expenses | $155,388 |
| Contributions, gifts, grants paid | $1,744,354 |
| Total expenses and disbursements | $1,899,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,734,563 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $608,592 |
| Net Land, buildings, and equipment | $3,682,626 |
| Other assets | $16,883 |
| Total assets | $25,564,038 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,525,568 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,525,568 |
Grants Awarded
Over the last fiscal year, Charles & Lois Marie Bright Foundation has awarded $1,744,354 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELINA COLLEGE PURPOSE: SCHOLARSHIPS | $7,747 |
BOYS AND GIRLS CLUB OF DEEP EAST TX PURPOSE: ROOF REPLACEMENT | $50,000 |
BLINN COLLEGE PURPOSE: SCHOLARSHIPS | $684 |
CALVARY BAPTIST CHURCH PURPOSE: SANCITITY FOR LIFE | $5,200 |
BRIDGES INTERNATIONAL PURPOSE: ANNUAL CRUSADE FOR CHRIST | $10,000 |
CAL FARLEY'S BOYS RANCH PURPOSE: GENERAL OPERATIONS | $10,000 |