Bright Springs Foundation FY2022 filing

Murfreesboro, TNUnknown exempt organization EIN 46-3375433Revenue $2.1M in FY2022Latest return filed Nov 18, 2025

On file with the IRSbrightsprings.org2615 Med Ctr Pkwy Ste 1560 Box 245 · Murfreesboro, TN

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According to the certificate of incorporation, the purpose of the corporation is to receive, administer and expend funds for charitable and educational purposes within the meaning of section 501(c)(3), including; educate the public on global christian evangelism; to engage in other charitable activities as determined by the board of directors; to engage in any and all lawful activities incidental to the foregoing purposes.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 4
filings with a surplus
Average surplus $80K a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% 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
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+38% vs prior year
Spent
$2.4M
To programs
100%
Net assets
$315K
By yearFY2020–FY2024
Revenue
$2.1M
FY2022▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$1.5M
FY2022$2.1M
FY2023$4.8M
FY2024Not on file
Expenses
$2.4M
FY2022▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$1.6M
FY2022$2.4M
FY2023$4.5M
FY2024Not on file
Net assets
$315K
FY2022▼ -48%
Tap a bar for its year
Net assets by fiscal year
FY2020$759K
FY2021$605K
FY2022$315K
FY2023$659K
FY2024Not on file

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.3M Management & general 0% · $8K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Di
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2020
Ken Stephens—$20,000
David R Shepherd$15,000—
Timothy Schierbeek$10,000—

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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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 15aNo

Programs and updates

Educates the public on global Christian evangelism and engages in other charitable activities.

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2022
01

Educate the public on global christian evangelism; to engage in other charitable activities.

$2.3Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 9 grants · $3.2M · 2020–2023
National Christian Charitable FoundFY2023$1,550,000
Campus Crusade for ChristFY2023$500,000
Wedgewood Circle InstituteFY2023$250,000
Campus Crusade for ChristFY2022$350,000
National Christian Charitable FoundFY2022$200,000
Wedgewood Circle InstituteFY2022$150,000
Campus Crusade for ChristFY2020$170,000
Global Bible InitiativeFY2020$48,700
Individual RecipientFY2020$6,500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$53
Money outPt IX
$2.4M
Ln 25
Programscol B$2.3M
Managementcol C$8K
Owns and owesPt X
$315K
net assets · Ln 32
Cash and savingsLn 1–2$315K
Total assetsLn 16$315K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$53
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$315K
Cash and savings togetherLn 1–2$315K
Total assetsLn 16$315K
LiabilitiesLn 26$0
Net assetsLn 32$315K
OperationsPt I, VI
EmployeesI 53
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$838K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$605K$315K
Total assetsLn 16$605K$315K
LiabilitiesLn 26$0$0
Net assetsLn 32$605K$315K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$700K$700K
Grants and assistance to foreign recipientsLn 3$844K$844K
Pay of current officers, directors and key staffLn 5$60K$60K
Other salaries and wagesLn 7$114K$114K
Payroll taxesLn 10$14K$14K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$564K$564K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$18K$13K$4K
OccupancyLn 16$23K$23K
TravelLn 17$579$579
Other expenses (24a–d)Ln 24$7K$4K$3K
Total functional expensesLn 25$2.4M$2.3M$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 18, 2025 990 PDF
FY2023Filed with the IRS Nov 20, 2024 $4.8M$4.5M$345K$659K 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $2.1M$2.4M−$291K$315K 990 PDF
FY2021Filed with the IRS Nov 9, 2022 $1.5M$1.6M−$154K$605K 990 PDF
FY2020Filed with the IRS Nov 11, 2021 $2.5M$2.1M$418K$759K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants F · Foreign O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,063,796 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,490,874$2,063,743
I-9 Program service revenue$0
I-10 Investment incomePrior year $123$53
I-11 Other revenue$0
I-12 Total revenuePrior year $1,490,997$2,063,796
I-13 Grants and similar amounts paidPrior year $945,634$1,543,860
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $184,307$187,669
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $515,013$622,900
I-18 Total expensesPrior year $1,644,954$2,354,429
I-19 Revenue less expensesPrior year −$153,957−$290,633
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,063,796 across 4 lines filed
VIII-1f All other contributions, gifts and grants$2,063,743
VIII-1h Total contributions, gifts and grants$2,063,743
VIII-3 Investment incomeExcluded from tax $53$53
VIII-12 Total revenueExcluded from tax $53$2,063,796
Part IX · Statement of functional expenses $2,354,429 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $700,000$700,000
IX-3 Grants and assistance to foreign recipientsPrograms $843,860$843,860
IX-5 Pay of current officers, directors and key staffPrograms $60,000$60,000
IX-7 Other salaries and wagesPrograms $113,676$113,676
IX-10 Payroll taxesPrograms $13,993$13,993
IX-11b Legal feesPrograms $1,497$1,497
IX-11c Accounting feesPrograms $1,800$1,800
IX-11g Other fees for servicesPrograms $563,994$563,994
IX-12 Advertising and promotionPrograms $7,072$7,072
IX-13 Office expensesPrograms $13,360 · Management $4,221$17,581
IX-16 OccupancyPrograms $23,166$23,166
IX-17 TravelPrograms $579$579
IX-24 Other expenses (24a–d)Programs $3,817 · Management $3,394$7,211
IX-25 Total functional expensesPrograms $2,346,814 · Management $7,615 · Fundraising $0$2,354,429
Part X · Balance sheet $314,564 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $605,197$314,564
X-16 Total assetsStart of year $605,197$314,564
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $605,197$314,564
X-32 Total net assets or fund balancesStart of year $605,197$314,564
X-33 Total liabilities and net assetsStart of year $605,197$314,564
Part XI · Reconciliation of net assets $314,564 net assets at year end
XI-1 Total revenue$2,063,796
XI-2 Total expenses$2,354,429
XI-3 Revenue less expenses−$290,633
XI-4 Net assets at start of year$605,197
XI-10 Net assets at end of year$314,564

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

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