Brightstone INC FY2024 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.
$133K 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

FY2024 · 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
$133K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.9 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
$62K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
+37% vs prior year
Spent
$3.2M
To programs
68%
Net assets
$23.8M
By yearFY2020–FY2025
Revenue
$5.2M
FY2024▲ +37%
Revenue by fiscal year
FY2020$2.7M
FY2021$7.6M
FY2022$6.2M
FY2023$3.8M
FY2024$5.2M
FY2025$4.7M
Expenses
$3.2M
FY2024▲ +18%
Expenses by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.7M
FY2023$2.7M
FY2024$3.2M
FY2025$3.9M
Net assets
$23.8M
FY2024▲ +9%
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 FY2024 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% · $2.2M Management & general 10% · $324K Fundraising 22% · $684K

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

17 people listed on the 990; $133K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Presiden
$132,978Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secetary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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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2 program services account for $2.2M of program spending, described in the organization's own filed words · FY2024.
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.

$1.9Mprogram expense
02

Brightstone's residential homes empower adults with intellectual and developmental disabilities to thrive in a supportive environment. Brightstone is dedicated to fostering inclusive participation in community life, ensuring that each individual is safe, respected, and valued.

$312Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Gifts and grantsLn 1h$4.3M
Fees for servicesLn 2g$901K
Investment incomeLn 3$44K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.2M
Managementcol C$324K
Fundraisingcol D$684K
Owns and owesPt X
$23.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$23.9M
LiabilitiesLn 26$62K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.3M
Noncash giftsLn 1g$471K
Fundraising eventsLn 1c$914K
Fees for servicesLn 2g$901K
Investment incomeLn 3$44K
Gains on assetsLn 7−$3K
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$314K
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$3.4M
Land, buildings, equipmentLn 10c$18.9M
Other assetsLn 15$83K
Total assetsLn 16$23.9M
LiabilitiesLn 26$62K
Net assetsLn 32$23.8M
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 FY24End FY24
Cash and savingsLn 1–2$2.3M$3.4M
Land, buildings, equipmentLn 10c$17.7M$18.9M
Total assetsLn 16$23.2M$23.9M
LiabilitiesLn 26$1.4M$62K
Net assetsLn 32$21.9M$23.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$65K$65K
Pay of current officers, directors and key staffLn 5$133K$53K$40K$40K
Other salaries and wagesLn 7$1.6M$1.0M$135K$392K
Other employee benefitsLn 9$86K$58K$12K$16K
Payroll taxesLn 10$120K$82K$17K$22K
Other fees for servicesLn 11g$13K$12K$750
Office expensesLn 13$73K$33K$29K$10K
OccupancyLn 16$293K$246K$28K$19K
TravelLn 17$31K$30K$1K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$425K$373K$33K$19K
Other expenses (24a–d)Ln 24$280K$138K$3K$139K
All other expensesLn 24e$98K$66K$6K$26K
Total functional expensesLn 25$3.2M$2.2M$324K$684K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.7M$3.9M$822K$24.7M 990 PDF
FY2024 Viewing $5.2M$3.2M$2.0M$23.8M 990 PDF
FY2023 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $5,165,744 across 11 lines filed
VIII-1c Fundraising events$914,097
VIII-1f All other contributions, gifts and grants$3,357,584
VIII-1g Noncash contributions (included above)$471,034
VIII-1h Total contributions, gifts and grants$4,271,681
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $900,724$900,724
VIII-3 Investment incomeExcluded from tax $46,910$46,910
VIII-6 Net rental income or lossRelated to mission $25,699$25,699
VIII-7 Net gain or loss on sales of assetsRelated to mission −$3,280−$3,280
VIII-8 Net income from fundraising events−$131,842
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $55,852$55,852
VIII-12 Total revenueRelated to mission $978,995 · Excluded from tax $46,910$5,165,744
Part IX · Statement of functional expenses $3,176,544 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $64,952$64,952
IX-5 Pay of current officers, directors and key staffPrograms $53,192 · Management $39,893 · Fundraising $39,893$132,978
IX-7 Other salaries and wagesPrograms $1,024,103 · Management $134,744 · Fundraising $392,014$1,550,861
IX-9 Other employee benefitsPrograms $58,484 · Management $11,963 · Fundraising $15,608$86,055
IX-10 Payroll taxesPrograms $81,878 · Management $16,749 · Fundraising $21,851$120,478
IX-11g Other fees for servicesManagement $12,150 · Fundraising $750$12,900
IX-13 Office expensesPrograms $33,433 · Management $29,031 · Fundraising $10,383$72,847
IX-16 OccupancyPrograms $246,018 · Management $28,041 · Fundraising $18,810$292,869
IX-17 TravelPrograms $30,133 · Management $1,120$31,253
IX-20 InterestManagement $8,738$8,738
IX-22 Depreciation, depletion and amortizationPrograms $372,669 · Management $33,158 · Fundraising $18,681$424,508
IX-24 Other expenses (24a–d)Programs $137,841 · Management $3,126 · Fundraising $139,374$280,341
IX-24e All other expensesPrograms $65,806 · Management $5,627 · Fundraising $26,331$97,764
IX-25 Total functional expensesPrograms $2,168,509 · Management $324,340 · Fundraising $683,695$3,176,544
Part X · Balance sheet $23,901,858 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $261,023$314,080
X-2 Savings and temporary cash investmentsStart of year $2,065,305$3,089,058
X-3 Pledges and grants receivableStart of year $1,516,119$1,398,397
X-4 Accounts receivableStart of year $19,911$12,018
X-9 Prepaid expenses and deferred chargesStart of year $60,405$90,773
X-10c Land, buildings and equipment, netStart of year $17,712,716$18,914,982
X-15 Other assetsStart of year $1,571,878$82,550
X-16 Total assetsStart of year $23,207,357$23,901,858
X-17 Accounts payable and accrued expensesStart of year $65,179$47,907
X-19 Deferred revenueStart of year $22,896$13,960
X-26 Total liabilitiesStart of year $1,356,566$61,867
X-27 Net assets without donor restrictionsStart of year $19,776,628$20,959,790
X-28 Net assets with donor restrictionsStart of year $2,074,163$2,880,201
X-32 Total net assets or fund balancesStart of year $21,850,791$23,839,991
X-33 Total liabilities and net assetsStart of year $23,207,357$23,901,858
Part XI · Reconciliation of net assets $23,839,991 net assets at year end
XI-1 Total revenue$5,165,744
XI-2 Total expenses$3,176,544
XI-3 Revenue less expenses$1,989,200
XI-4 Net assets at start of year$21,850,791
XI-10 Net assets at end of year$23,839,991

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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