Bright Circle INC FY2021 filing

Topeka, KS · Public charity (501(c)(3))

✓ Tax-deductible
Revenue
$314K
+25% vs prior year
Spent
$280K
To programs
100%
Net assets
$180K
By yearFY2020–FY2024
Revenue
$314K
FY2021▲ +25%
Revenue by fiscal year
FY2020$251K
FY2021$314K
FY2022$273K
FY2023$234K
FY2024$230K
Expenses
$280K
FY2021▲ +17%
Expenses by fiscal year
FY2020$239K
FY2021$280K
FY2022$292K
FY2023$250K
FY2024$260K
Net assets
$180K
FY2021▲ +23%
Net assets by fiscal year
FY2020$147K
FY2021$180K
FY2022$162K
FY2023$145K
FY2024$115K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CBright Circle INC
EINHdr · item D48-0925897
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 1981
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CTopeka, KS
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$280K
Total functional expensesLn 25$280K

Financial health

Is it on solid ground?

Program efficiency
100%
of spending reaches programs
Operating runway
5.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$199K
FY2021▲ +19%
Total assets by fiscal year
FY2020$168K
FY2021$199K
FY2022$179K
FY2023$154K
FY2024$119K
Total liabilities
$18K
FY2021▼ -11%
Total liabilities by fiscal year
FY2020$21K
FY2021$18K
FY2022$17K
FY2023$9K
FY2024$4K
Revenue less expensesPt I · Ln 19$34K
Total assetsPt X · Ln 16$199K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$133K
Total assetsLn 16$199K
Total liabilitiesLn 26$18K
Total net assetsLn 32$180K
Months of cash on handcomputed5.7

Statement of Revenue

Part VIII
Program service revenue$218K · 69%
Contributions & grants$95K · 30%
Program service revenue69%$218K
Contributions & grants30%$95K
Investment income$4
Other revenue$822
— government grantsLn 1e$33K
Total revenueLn 12$314K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $133K · Operating expenses/yr $280K
5.7 months
Where the money goes
Program services
Program services $280K · Total expenses $280K
100%
Management & General
Management & general $0 · Total expenses $280K
0%
Fundraising
Fundraising $0 · Total expenses $280K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $62K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $95K · Total revenue $314K
30%
Government reliance
Government grants $33K · Total revenue $314K
10%
Earned-income share
Program service revenue $218K · Total revenue $314K
69%
Investment reliance
Investment income $4 · Total revenue $314K
<0.01%
Program self-sufficiency
Program service revenue $218K · Total expenses $280K
78%
Growth & trend
Revenue growth (YoY)
This year $314K · Prior year $251K
+25%
Net-asset trend (YoY)
End of year $180K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $314K · Expenses $280K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $199K
—
Net-asset ratio
Net assets $180K · Total assets $199K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $199K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Betsey Litscher · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $40K · Total expenses $280K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $197K · Total expenses $280K
70%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth 25%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$39,650Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021
Betsey Litscher$39,000$38,262$39,650

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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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides parents with childcare and early education for children's futures.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $280K of program spending, described in the organization's own filed words · FY2021.
01

Affordable early childhood education to supply parents with adequate childcare and early teachings for a child's future. Served 15 families.

$280Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$48K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $230K$260K-2% 990 PDF
FY2023 $234K$250K-14% 990 PDF
FY2022 $273K$292K-13% 990 PDF
FY2021 Viewing $314K$280K+25% 990 PDF
FY2020 $251K$239K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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