Bf INC

IRS exemption revoked

Atlanta, GAUnknown exempt organization EIN 43-1988942Revenue $2.0M in FY2021Latest return filed Nov 14, 2022

On file with the IRSbrightfuturesatl.org64 Edwin Place Nw · Atlanta, GA

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(see page 2) part III

83¢ of each $1 spent went to programs.
Run by 50 volunteers and 26 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $456K a year · 25% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$130K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$160K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+19% vs prior year
Spent
$1.4M
To programs
83%
Net assets
$2.4M
By yearFY2020–FY2021
Revenue
$2.0M
FY2021▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.0M
Expenses
$1.4M
FY2021▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.4M
Net assets
$2.4M
FY2021▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.4M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.2M Management & general 6% · $82K Fundraising 11% · $158K

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

18 people listed on the 990; $130K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$80,000Pt VII · Sec A
Director of Programs
$50,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Philip Ross$80,000$73,000
Gail Ross$50,000$42,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Bf INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates a summer camp providing immersive experiences, character building, and social development for children.

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3 programs · $1.2M · in their own filed words · FY2021
01

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.

$855Kprogram expense
02

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.

$246Kprogram expense
03

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.

$104Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$20K
Grants paid · 1 grant · $4K · 2020–2020
Unitemized GrantFY2020$4,284

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.7M
Other incomeLn 4–11$295K
Fees for servicesLn 2g$10K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.2M
Managementcol C$82K
Fundraisingcol D$158K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$998K
Total assetsLn 16$2.5M
LiabilitiesLn 26$160K
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$287K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$10K
Investment incomeLn 3$481
Other incomeLn 4–11$295K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$998K
Cash and savings togetherLn 1–2$998K
Pledges and grants receivableLn 3$292K
Accounts receivableLn 4$4K
Land, buildings, equipmentLn 10c$1.2M
InvestmentsLn 11–13$29K
Total assetsLn 16$2.5M
LiabilitiesLn 26$160K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 526
VolunteersI 650
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 FY21End FY21
Cash and savingsLn 1–2$556K$998K
InvestmentsLn 11–13$12K$29K
Land, buildings, equipmentLn 10c$1.1M$1.2M
Total assetsLn 16$2.0M$2.5M
LiabilitiesLn 26$191K$160K
Net assetsLn 32$1.8M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Pay of disqualified personsLn 6$143K$111K$4K$28K
Other salaries and wagesLn 7$517K$467K$5K$45K
Other employee benefitsLn 9$19K$9K$8K$3K
Payroll taxesLn 10$52K$46K$724$6K
Management feesLn 11a$141K$137K$5K$0
Accounting feesLn 11c$31K$15K$17K$0
Professional fundraising feesLn 11e$46K$46K
Other fees for servicesLn 11g$7K$0$0$7K
Advertising and promotionLn 12$10K$9K$372$0
Information technologyLn 14$32K$27K$5K$0
OccupancyLn 16$30K$30K$0$0
TravelLn 17$8K$8K$132$0
Conferences, conventions and meetingsLn 19$407$18$389$0
Depreciation, depletion and amortizationLn 22$136K$122K$7K$7K
InsuranceLn 23$57K$44K$12K$0
Other expenses (24a–d)Ln 24$171K$161K$4K$6K
All other expensesLn 24e$45K$20K$13K$12K
Total functional expensesLn 25$1.4M$1.2M$82K$158K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest ViewingFiled with the IRS Nov 14, 2022 $2.0M$1.4M$530K$2.4M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $1.7M$1.3M$383K$1.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,979,201 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,566,204$1,673,904
I-9 Program service revenuePrior year $11,566$9,729
I-10 Investment incomePrior year $298$481
I-11 Other revenuePrior year $81,006$295,087
I-12 Total revenuePrior year $1,659,074$1,979,201
I-13 Grants and similar amounts paidPrior year $5,148$3,607
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $683,325$731,752
I-16a Professional fundraising feesPrior year $36,000$46,200
I-17 Other expensesPrior year $551,847$667,877
I-18 Total expensesPrior year $1,276,320$1,449,436
I-19 Revenue less expensesPrior year $382,754$529,765
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsYes
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 $1,979,201 across 9 lines filed
VIII-1c Fundraising events$0
VIII-1e Government grants$286,932
VIII-1f All other contributions, gifts and grants$1,386,972
VIII-1h Total contributions, gifts and grants$1,673,904
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$9,729
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $481$481
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $295,087$295,087
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $9,729 · Unrelated business $0 · Excluded from tax $295,568$1,979,201
Part IX · Statement of functional expenses $1,449,436 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $3,607$3,607
IX-6 Pay of disqualified personsPrograms $111,337 · Management $4,398 · Fundraising $27,518$143,253
IX-7 Other salaries and wagesPrograms $466,961 · Management $4,960 · Fundraising $44,952$516,873
IX-9 Other employee benefitsPrograms $8,621 · Management $8,197 · Fundraising $2,518$19,336
IX-10 Payroll taxesPrograms $45,911 · Management $724 · Fundraising $5,655$52,290
IX-11a Management feesPrograms $136,502 · Management $4,934 · Fundraising $0$141,436
IX-11c Accounting feesPrograms $14,557 · Management $16,810 · Fundraising $0$31,367
IX-11e Professional fundraising feesFundraising $46,200$46,200
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $6,809$6,809
IX-12 Advertising and promotionPrograms $9,195 · Management $372 · Fundraising $0$9,567
IX-14 Information technologyPrograms $26,912 · Management $4,736 · Fundraising $0$31,648
IX-16 OccupancyPrograms $30,000 · Management $0 · Fundraising $0$30,000
IX-17 TravelPrograms $8,087 · Management $132 · Fundraising $0$8,219
IX-19 Conferences, conventions and meetingsPrograms $18 · Management $389 · Fundraising $0$407
IX-22 Depreciation, depletion and amortizationPrograms $122,330 · Management $6,782 · Fundraising $6,795$135,907
IX-23 InsurancePrograms $44,244 · Management $12,331 · Fundraising $0$56,575
IX-24 Other expenses (24a–d)Programs $161,361 · Management $4,255 · Fundraising $5,798$171,414
IX-24e All other expensesPrograms $19,725 · Management $12,892 · Fundraising $11,911$44,528
IX-25 Total functional expensesPrograms $1,209,368 · Management $81,912 · Fundraising $158,156$1,449,436
Part X · Balance sheet $2,516,011 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $556,251$997,676
X-3 Pledges and grants receivableStart of year $379,520$292,447
X-4 Accounts receivable$4,495
X-10c Land, buildings and equipment, netStart of year $1,063,206$1,192,288
X-11 Publicly traded securitiesStart of year $11,692$29,105
X-16 Total assetsStart of year $2,010,669$2,516,011
X-17 Accounts payable and accrued expensesStart of year $43,845$13,289
X-24 Unsecured notes and loans payableStart of year $147,100$147,123
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $190,945$160,412
X-27 Net assets without donor restrictionsStart of year $1,819,724$2,355,599
X-32 Total net assets or fund balancesStart of year $1,819,724$2,355,599
X-33 Total liabilities and net assetsStart of year $2,010,669$2,516,011
Part XI · Reconciliation of net assets $2,355,599 net assets at year end
XI-1 Total revenue$1,979,201
XI-2 Total expenses$1,449,436
XI-3 Revenue less expenses$529,765
XI-4 Net assets at start of year$1,819,724
XI-5 Net unrealized gains (losses) on investments$6,110
XI-10 Net assets at end of year$2,355,599

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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