Brightstone INC FY2023 filing

Tax-deductible

Franklin, TN501(c)(3)Since 1999EducationEIN 62-1783260

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Brightstone is a resource in the community founded to provide for the multiple needs of adults with intellectual and developmental disabilities.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$124K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.7M a year · 54% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$124K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $53K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
-39% vs prior year
Spent
$2.7M
To programs
68%
Net assets
$21.9M
By yearFY2020–FY2025
Revenue
$3.8M
FY2023▼ -39%
Revenue by fiscal year
FY2020$2.7M
FY2021$7.6M
FY2022$6.2M
FY2023$3.8M
FY2024$5.2M
FY2025$4.7M
Expenses
$2.7M
FY2023▲ +59%
Expenses by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.7M
FY2023$2.7M
FY2024$3.2M
FY2025$3.9M
Net assets
$21.9M
FY2023▲ +5%
Net assets by fiscal year
FY2020$9.9M
FY2021$16.3M
FY2022$20.8M
FY2023$21.9M
FY2024$23.8M
FY2025$24.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1999.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $1.8M Management & general 10% · $277K Fundraising 22% · $591K

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

15 people listed on the 990; $124K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Presiden
$123,909Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Secetary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Lee Rose’s $156K as CEO/Presiden is at the 67th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lee Rose$156,202$132,978$123,909———
Brenda Hauk———$30,000$30,000$31,154

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 15aYes

Programs and updates

Supports adults with developmental disabilities by meeting their multiple needs.

Provided by the organization

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1 program service account for $1.8M of program spending, described in the organization's own filed words · FY2023.
01

Provide a comprehensive work, educational and social support community for adults with special needs, expanding their potential and helping them develop mentally, physically, emotionally, socially and spiritually.

$1.8Mprogram 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 · received and paid
Grants received · FY2025
See all 6 funders →
Grants paid · 6 grants · $217K · 2020–2025
Unitemized GrantFY2025$90,690
Unitemized GrantFY2024$64,952
Unitemized GrantFY2023$25,613
Unitemized GrantFY2022$16,341
Unitemized GrantFY2021$12,054
Unitemized GrantFY2020$6,889

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Gifts and grantsLn 1h$3.3M
Fees for servicesLn 2g$478K
Other incomeLn 4–11$2K
Money outPt IX
$2.7M
Ln 25
Programscol B$1.8M
Managementcol C$277K
Fundraisingcol D$591K
Owns and owesPt X
$21.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$23.2M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Noncash giftsLn 1g$82K
Fundraising eventsLn 1c$449K
Fees for servicesLn 2g$478K
Investment incomeLn 3$2K
Other incomeLn 4–11$2K
Gains on assetsLn 7−$7K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$261K
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.3M
Land, buildings, equipmentLn 10c$17.7M
Other assetsLn 15$1.6M
Total assetsLn 16$23.2M
LiabilitiesLn 26$1.4M
Net assetsLn 32$21.9M
OperationsPt I, VI
EmployeesI 557
VolunteersI 6153
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 FY23End FY23
Cash and savingsLn 1–2$7.1M$2.3M
Land, buildings, equipmentLn 10c$18.0M$17.7M
Total assetsLn 16$27.1M$23.2M
LiabilitiesLn 26$6.3M$1.4M
Net assetsLn 32$20.8M$21.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$26K$26K
Pay of current officers, directors and key staffLn 5$124K$78K$15K$32K
Other salaries and wagesLn 7$1.2M$763K$142K$309K
Other employee benefitsLn 9$87K$63K$11K$13K
Payroll taxesLn 10$96K$69K$13K$14K
Other fees for servicesLn 11g$16K$16K
Office expensesLn 13$63K$24K$27K$12K
OccupancyLn 16$221K$192K$12K$17K
TravelLn 17$27K$27K$45
InterestLn 20$145K$128K$7K$10K
Depreciation, depletion and amortizationLn 22$372K$325K$24K$23K
Other expenses (24a–d)Ln 24$230K$63K$8K$159K
All other expensesLn 24e$62K$59K$2K$2K
Total functional expensesLn 25$2.7M$1.8M$277K$591K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.7M$3.9M$822K$24.7M 990 PDF
FY2024 $5.2M$3.2M$2.0M$23.8M 990 PDF
FY2023 Viewing $3.8M$2.7M$1.1M$21.9M 990 PDF
FY2022 $6.2M$1.7M$4.5M$20.8M 990 PDF
FY2021 $7.6M$1.3M$6.3M$16.3M 990 PDF
FY2020 $2.7M$1.2M$1.5M$9.9M 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
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $3,770,458 across 11 lines filed
VIII-1c Fundraising events$448,853
VIII-1f All other contributions, gifts and grants$2,838,963
VIII-1g Noncash contributions (included above)$82,232
VIII-1h Total contributions, gifts and grants$3,287,816
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $478,403$478,403
VIII-3 Investment incomeExcluded from tax $8,647$8,647
VIII-6 Net rental income or lossRelated to mission −$8,945−$8,945
VIII-7 Net gain or loss on sales of assetsRelated to mission −$6,843−$6,843
VIII-8 Net income from fundraising events$9,647
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,733$1,733
VIII-12 Total revenueRelated to mission $464,348 · Excluded from tax $8,647$3,770,458
Part IX · Statement of functional expenses $2,682,486 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $25,613$25,613
IX-5 Pay of current officers, directors and key staffPrograms $77,867 · Management $14,518 · Fundraising $31,524$123,909
IX-7 Other salaries and wagesPrograms $762,694 · Management $142,205 · Fundraising $308,772$1,213,671
IX-9 Other employee benefitsPrograms $62,773 · Management $11,371 · Fundraising $12,768$86,912
IX-10 Payroll taxesPrograms $69,032 · Management $12,504 · Fundraising $14,040$95,576
IX-11g Other fees for servicesManagement $16,266$16,266
IX-13 Office expensesPrograms $23,777 · Management $27,259 · Fundraising $12,309$63,345
IX-16 OccupancyPrograms $191,923 · Management $12,193 · Fundraising $17,070$221,186
IX-17 TravelPrograms $26,893 · Fundraising $45$26,938
IX-20 InterestPrograms $127,930 · Management $7,269 · Fundraising $10,176$145,375
IX-22 Depreciation, depletion and amortizationPrograms $324,682 · Management $23,503 · Fundraising $23,499$371,684
IX-24 Other expenses (24a–d)Programs $63,171 · Management $7,922 · Fundraising $158,713$229,806
IX-24e All other expensesPrograms $58,709 · Management $1,575 · Fundraising $1,921$62,205
IX-25 Total functional expensesPrograms $1,815,064 · Management $276,585 · Fundraising $590,837$2,682,486
Part X · Balance sheet $23,207,357 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $319,625$261,023
X-2 Savings and temporary cash investmentsStart of year $6,763,348$2,065,305
X-3 Pledges and grants receivableStart of year $1,139,329$1,516,119
X-4 Accounts receivableStart of year $10,691$19,911
X-9 Prepaid expenses and deferred chargesStart of year $46,908$60,405
X-10c Land, buildings and equipment, netStart of year $18,049,170$17,712,716
X-15 Other assetsStart of year $746,287$1,571,878
X-16 Total assetsStart of year $27,075,358$23,207,357
X-17 Accounts payable and accrued expensesStart of year $946,983$65,179
X-19 Deferred revenueStart of year $26,625$22,896
X-26 Total liabilitiesStart of year $6,312,539$1,356,566
X-27 Net assets without donor restrictionsStart of year $18,387,348$19,776,628
X-28 Net assets with donor restrictionsStart of year $2,375,471$2,074,163
X-32 Total net assets or fund balancesStart of year $20,762,819$21,850,791
X-33 Total liabilities and net assetsStart of year $27,075,358$23,207,357
Part XI · Reconciliation of net assets $21,850,791 net assets at year end
XI-1 Total revenue$3,770,458
XI-2 Total expenses$2,682,486
XI-3 Revenue less expenses$1,087,972
XI-4 Net assets at start of year$20,762,819
XI-10 Net assets at end of year$21,850,791

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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