Bf INC EIN 43-1988942 Form 990 (PDF) Claim this org

Bf INC

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Operates a summer camp providing immersive experiences, character building, and social development for children. For fiscal year 2021 it reported $2.0M in revenue, $1.4M in expenses, and $2.4M in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Atlanta, GA
Website
www.brightfuturesatl.org
Filings
2 on file (2020–2021)
Revenue
$2.0MFY2021
Expenses
$1.4M
Net assets
$2.4M
People
18
Filings
2
Updates
0
More identity details & actions ⌄
EIN  43-1988942 Unknown exempt organization Atlanta, GA
Form 990 (PDF)
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Figures match the IRS filing checked 9/4/26 · see original: IRS
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Size
$1–10M
What they do
Operates a summer camp providing immersive experiences, character building, and social development for children.
Leadership
Philip Ross · Executive Director · $80K
Money in and out
$2.0M revenue, $1.4M expenses
Bottom line
+27% surplus margin
Reported financial activity · FY2021
Total revenue
$2.0M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $530K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.06 Fundraising $0.11
Surplus margin
+27%
revenue over expenses, this year▲ +16% vs prior filing year
Program spending
83%
of expenses reach programs▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$2.0M
FY2021▲ +19%
Expenses
$1.4M
FY2021▲ +14%
Total assets
$2.5M
FY2021▲ +25%
Total liabilities
$160K
FY2021▼ -16%
Total revenue
$2.0M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$530K
Total assetsPt X · Ln 16$2.5M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBf INC
EINHdr · item D43-1988942
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jwww.brightfuturesatl.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.2M of program spending, described in the organization's 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

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Statement of Revenue

Part VIII
Contributions & grants$1.7M · 85%
Other revenue$295K · 15%
Contributions & grants85%$1.7M
Other revenue15%$295K
Program service revenue$10K
Investment income$481
— government grantsLn 1e$287K
Total revenueLn 12$2.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.06 Fundraising $0.11
Program services83%$1.2M
Management & general6%$82K
Fundraising11%$158K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$998K
Total assetsLn 16$2.5M
Total liabilitiesLn 26$160K
Total net assetsLn 32$2.4M
Months of cash on handcomputed8.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $1.4M
8.5 months
Where the money goes
Program services
Program services $1.2M · Total expenses $1.4M
83%
Management & General
Management & general $82K · Total expenses $1.4M
6%
Fundraising
Fundraising $158K · Total expenses $1.4M
11%
Cost to raise $1
Fundraising expense (2-yr avg) $120K · Solicited contributions (2-yr avg) $1.4M
$0.08 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.7M · Total revenue $2.0M
85%
Government reliance
Government grants $287K · Total revenue $2.0M
14%
Earned-income share
Program service revenue $10K · Total revenue $2.0M
0.5%
Investment reliance
Investment income $481 · Total revenue $2.0M
+0.02%
Program self-sufficiency
Program service revenue $10K · Total expenses $1.4M
0.7%
Growth & trend
Revenue growth (YoY)
This year $2.0M · Prior year $1.7M
+19%
Net-asset trend (YoY)
End of year $2.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.0M · Expenses $1.4M
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $2.5M
Net-asset ratio
Net assets $2.4M · Total assets $2.5M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $29K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.5M
1%
People & payroll
Highest Reported Total Compensation
Individual Philip Ross · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $80K · Total expenses $1.4M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $732K · Total expenses $1.4M
50%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $46K · Gross raised $120K
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 6%
Fundraising cost ratio 9%
Revenue growth 19%
Accounting fee ratio 2%
Fundraising fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$40K
Grants paid · 1 grant · $4K · 2020–2020
Unitemized GrantFY2020$4,284

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$2.0M revenue · viewing · ⤓ 990 PDF
FY2020$1.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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