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Brighthouse Scholar Connections INC

Tax-deductible

Charlotte, NC501(c)(3)Education EIN 88-1318179Revenue $245K in FY2024

On file with the IRS11225 N Community House Rd, 28277-4435 · Charlotte, NCTax-exempt since Mar 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Brighthouse Scholar Connections ("scholars") is to (continued on schedule o)expand educational opportunities in higher education for students who are members of historically underrepresented or disadvantaged populations due to race, ethnicity, socioeconomic status, or similar factors.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 21 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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
3 of 3
filings with a surplus
Average surplus $118K a year · 48% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 24.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$49K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 6 voting members
Worth a look: 2 of 6 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$245K
+6% vs prior year
Spent
$200K
To programs
77%
Net assets
$353K
By yearFY2022–FY2024
Revenue
$245K
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2022$258K
FY2023$230K
FY2024$245K
Expenses
$200K
FY2024▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2022$23K
FY2023$155K
FY2024$200K
Net assets
$353K
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2022$235K
FY2023$308K
FY2024$353K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2022.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $155K Management & general 23% · $45K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Curtis Samuels
Director, President
$0Pt VII · Sec A
Lynn Dumais
Director, Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Steigerwalt
Director, Chair
$0Pt VII · Sec A
Vonda Huss
Director
$0Pt VII · Sec A
Andreia Graddick Dahi
Vice President
$0Pt VII · Sec A
Christopher Hartsfield
General Counsel & Secretary
$0Pt VII · Sec A
See Brighthouse Scholar Connections INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps disadvantaged students access higher education.

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Provided by the organization

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1 program · $155K · in their own filed words · FY2024
01

Scholarship Program

Granted 21 scholarships which enable students to expand their educational journey.

$155Kprogram 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 · FY2024
Fidelity Investments Charitable Gift FundFY2024$8K
Total grants receivedfrom 1 funder$8K
Grants paid · 2 grants · $224K · 2023–2024
Unitemized GrantFY2024$120,000
Unitemized GrantFY2023$104,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$245K
Ln 12
Gifts and grantsLn 1h$242K
Other incomeLn 4–11$3K
Money outPt IX
$200K
Ln 25
Programscol B$155K
Managementcol C$45K
Owns and owesPt X
$353K
net assets · Ln 32
Cash and savingsLn 1–2$400K
Total assetsLn 16$402K
LiabilitiesLn 26$49K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$242K
Noncash giftsLn 1g$12K
Other incomeLn 4–11$3K
Total revenueLn 12$245K
Assets in detailPt X, end of year
CashLn 1$400K
Cash and savings togetherLn 1–2$400K
Total assetsLn 16$402K
LiabilitiesLn 26$49K
Net assetsLn 32$353K
OperationsPt I, VI
EmployeesI 50
VolunteersI 621
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$366K$400K
Total assetsLn 16$366K$402K
LiabilitiesLn 26$58K$49K
Net assetsLn 32$308K$353K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$120K$120K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$43K$43K
Office expensesLn 13$428$428
Information technologyLn 14$12K$12K
Conferences, conventions and meetingsLn 19$22K$20K$2K
Other expenses (24a–d)Ln 24$181$181
Total functional expensesLn 25$200K$155K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $245K$200K$45K$353K 990 PDF
FY2023 $230K$155K$75K$308K 990 PDF
FY2022 $258K$23K$235K$235K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $244,524 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $230,265$241,844
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$2,680
I-12 Total revenuePrior year $230,265$244,524
I-13 Grants and similar amounts paidPrior year $104,000$120,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $51,445$79,861
I-18 Total expensesPrior year $155,445$199,861
I-19 Revenue less expensesPrior year $74,820$44,663
Part VI · Governance 2 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $244,524 across 5 lines filed
Lines not itemized here account for $2,680 of total revenue; see the IRS return.
VIII-1d Related organizations$150,000
VIII-1f All other contributions, gifts and grants$91,844
VIII-1g Noncash contributions (included above)$12,473
VIII-1h Total contributions, gifts and grants$241,844
VIII-12 Total revenueRelated to mission $2,680 · Unrelated business $0 · Excluded from tax $0$244,524
Part IX · Statement of functional expenses $199,861 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $120,000$120,000
IX-11b Legal feesPrograms $1,982$1,982
IX-11c Accounting feesManagement $43,194$43,194
IX-13 Office expensesManagement $428$428
IX-14 Information technologyPrograms $12,474$12,474
IX-19 Conferences, conventions and meetingsPrograms $20,097 · Management $1,505$21,602
IX-24 Other expenses (24a–d)Management $181$181
IX-25 Total functional expensesPrograms $154,553 · Management $45,308 · Fundraising $0$199,861
Part X · Balance sheet $402,115 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $366,283$399,865
X-4 Accounts receivableStart of year $0$2,250
X-16 Total assetsStart of year $366,283$402,115
X-17 Accounts payable and accrued expensesStart of year $57,806$48,975
X-26 Total liabilitiesStart of year $57,806$48,975
X-27 Net assets without donor restrictionsStart of year $308,477$353,140
X-32 Total net assets or fund balancesStart of year $308,477$353,140
X-33 Total liabilities and net assetsStart of year $366,283$402,115
Part XI · Reconciliation of net assets $353,140 net assets at year end
XI-1 Total revenue$244,524
XI-2 Total expenses$199,861
XI-3 Revenue less expenses$44,663
XI-4 Net assets at start of year$308,477
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$353,140

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

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