Bright Star Foundation Corp FY2022 filing

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To provide temporary housing and financial support for emergency needs of homeless youth.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $87K a year · 22% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$255K
-72% vs prior year
Spent
$380K
To programs
96%
Net assets
$755K
By yearFY2020–FY2024
Revenue
$255K
FY2022▼ -72%
Tap a bar for its year
Revenue by fiscal year
FY2020$21K
FY2021$915K
FY2022$255K
FY2023$248K
FY2024$189K
Expenses
$380K
FY2022▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$253K
FY2022$380K
FY2023$339K
FY2024$286K
Net assets
$755K
FY2022▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$51K
FY2021$930K
FY2022$755K
FY2023$672K
FY2024$561K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $365K Management & general 4% · $14K Fundraising 0% · $320

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Cigital Director
$0Pt VII · Sec A
See Bright Star Foundation Corp executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Offers temporary housing and financial aid to homeless youth facing emergencies.

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2 programs · $365K · in their own filed words · FY2022
01

Facilities to provide temporary housing for distressed and homeless youth.

$346Kprogram expense
02

DIRECT FINANCIAL SUPPORT FOR EMEGENCY NEEDS OF DISTRESSED AND HOMELESS YOUTH. In 2021 BrightStar Foundation helped approximately 300 people with food, lodging, funds, clothing, etc. We referred them to various organizations that could help them transition to becoming good citizens and followed up to ensure the referrals were hepful.

$19Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $6K · 2021–2021
Unitemized GrantFY2021$6,319

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$255K
Ln 12
Fees for servicesLn 2g$216K
Gifts and grantsLn 1h$39K
Investment incomeLn 3$8
Money outPt IX
$380K
Ln 25
Programscol B$365K
Managementcol C$14K
Fundraisingcol D$320
Owns and owesPt X
$755K
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39K
Fees for servicesLn 2g$216K
Investment incomeLn 3$8
Total revenueLn 12$255K
Assets in detailPt X, end of year
CashLn 1$51K
SavingsLn 2$675
Cash and savings togetherLn 1–2$52K
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.4M
Net assetsLn 32$755K
OperationsPt I, VI
EmployeesI 51
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$65K$52K
Land, buildings, equipmentLn 10c$2.1M$2.1M
Total assetsLn 16$2.3M$2.1M
LiabilitiesLn 26$1.4M$1.4M
Net assetsLn 32$930K$755K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$44K$44K$0$0
Payroll taxesLn 10$7K$7K$0$0
Management feesLn 11a$3K$3K$0$0
Accounting feesLn 11c$5K$0$5K$0
Other fees for servicesLn 11g$6K$0$6K$0
Advertising and promotionLn 12$545$0$225$320
Office expensesLn 13$1K$127$1K$0
Information technologyLn 14$324$0$324$0
OccupancyLn 16$82K$81K$535$0
Conferences, conventions and meetingsLn 19$341$0$341$0
InterestLn 20$56K$56K$0$0
Depreciation, depletion and amortizationLn 22$108K$108K$0$0
InsuranceLn 23$2K$713$873$0
Other expenses (24a–d)Ln 24$65K$65K$150$0
Total functional expensesLn 25$380K$365K$14K$320

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 20, 2025 $189K$286K−$97K$561K 990 PDF
FY2023Filed with the IRS Feb 29, 2024 $248K$339K−$90K$672K 990 PDF
FY2022 ViewingFiled with the IRS Jul 14, 2023 $255K$380K−$125K$755K 990 PDF
FY2021Filed with the IRS Nov 3, 2022 $915K$253K$662K$930K 990 PDF
FY2020Filed with the IRS Aug 31, 2021 $21K$51K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $254,772 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $750,084$38,717
I-9 Program service revenuePrior year $164,996$216,047
I-10 Investment incomePrior year $13$8
I-11 Other revenue$0
I-12 Total revenuePrior year $915,093$254,772
I-13 Grants and similar amounts paidPrior year $6,219$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $19,151$50,928
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $227,419$329,134
I-18 Total expensesPrior year $252,789$380,062
I-19 Revenue less expensesPrior year $662,304−$125,290
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $254,772 across 5 lines filed
VIII-1f All other contributions, gifts and grants$38,717
VIII-1h Total contributions, gifts and grants$38,717
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$216,047
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$8
VIII-12 Total revenueRelated to mission $216,055 · Unrelated business $0 · Excluded from tax $0$254,772
Part IX · Statement of functional expenses $380,062 across 14 lines filed
IX-7 Other salaries and wagesPrograms $43,751 · Management $0 · Fundraising $0$43,751
IX-10 Payroll taxesPrograms $7,177 · Management $0 · Fundraising $0$7,177
IX-11a Management feesPrograms $2,746 · Management $0 · Fundraising $0$2,746
IX-11c Accounting feesPrograms $0 · Management $5,334 · Fundraising $0$5,334
IX-11g Other fees for servicesPrograms $0 · Management $5,667 · Fundraising $0$5,667
IX-12 Advertising and promotionPrograms $0 · Management $225 · Fundraising $320$545
IX-13 Office expensesPrograms $127 · Management $1,033 · Fundraising $0$1,160
IX-14 Information technologyPrograms $0 · Management $324 · Fundraising $0$324
IX-16 OccupancyPrograms $81,222 · Management $535 · Fundraising $0$81,757
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $341 · Fundraising $0$341
IX-20 InterestPrograms $56,407 · Management $0 · Fundraising $0$56,407
IX-22 Depreciation, depletion and amortizationPrograms $108,211 · Management $0 · Fundraising $0$108,211
IX-23 InsurancePrograms $713 · Management $873 · Fundraising $0$1,586
IX-24 Other expenses (24a–d)Programs $64,906 · Management $150 · Fundraising $0$65,056
IX-25 Total functional expensesPrograms $365,260 · Management $14,482 · Fundraising $320$380,062
Part X · Balance sheet $2,121,940 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $14,357$51,452
X-2 Savings and temporary cash investmentsStart of year $50,221$675
X-4 Accounts receivableStart of year $89,758$9,927
X-10c Land, buildings and equipment, netStart of year $2,140,533$2,059,886
X-16 Total assetsStart of year $2,294,869$2,121,940
X-17 Accounts payable and accrued expensesStart of year $34,788$36,580
X-26 Total liabilitiesStart of year $1,364,788$1,366,580
X-27 Net assets without donor restrictionsStart of year $930,081$755,360
X-32 Total net assets or fund balancesStart of year $930,081$755,360
X-33 Total liabilities and net assetsStart of year $2,294,869$2,121,940
Part XI · Reconciliation of net assets $755,360 net assets at year end
XI-1 Total revenue$254,772
XI-2 Total expenses$380,062
XI-3 Revenue less expenses−$125,290
XI-4 Net assets at start of year$930,081
XI-10 Net assets at end of year$755,360

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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