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Nonprofiteer
← BRIGHTSIDE FOUNDATION INC

Form 990 for tax year 2023

Filed by BRIGHTSIDE FOUNDATION INC.

Totals

Total revenue
$226,235
Total expenses
$287,843
Contributions and grants received
$179,925
Grants paid
$0
Program service revenue
$0
Investment income
$55,875
Other revenue
-$9,565
Total assets, end of year
$2,089,015
Total liabilities, end of year
$459,563
Net assets or fund balances, end of year
$1,629,452
Program services expenses (Part IX)
$171,878
Management and general expenses
$90,396
Fundraising expenses
$25,569
Program service expenses (Part III)
$171,878

Program services were 59.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $26,747

  • 1e · Government grants (contributions)

    $75,000

  • 1f · All other contributions, gifts and grants

    $78,178

  • 3 · Investment income

    total $35,501 · excluded $35,501

  • 7a · Gross sales of assets other than inventory

    securities $281,206

  • 7b · Less cost or other basis and sales expenses

    securities $260,832

  • 7c · Gain or loss

    securities $20,374

  • 7d · Net gain or loss

    total $20,374 · excluded $20,374

  • 8a · Fundraising events: gross income

    $7,993

  • 8a · Fundraising events: contributions included on line 1c

    $26,747

  • 8b · Fundraising events: direct expenses

    $17,558

  • 8c · Net income from fundraising events

    total -$9,565 · excluded -$9,565

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $117,000 · program services $35,200 · management and general $59,800 · fundraising $22,000

  • 10 · Payroll taxes

    total $9,087 · program services $2,734 · management and general $4,644 · fundraising $1,709

  • 11b · Fees: legal

    total $811 · management and general $811

  • 11c · Fees: accounting

    total $1,775 · management and general $1,775

  • 11f · Fees: investment management

    total $9,549 · management and general $9,549

  • 11g · Fees: other

    total $132 · management and general $132

  • 13 · Office expenses

    total $5,105 · program services $1,536 · management and general $2,609 · fundraising $960

  • 14 · Information technology

    total $900 · fundraising $900

  • 19 · Conferences, conventions and meetings

    total $5,696 · management and general $5,696

  • 22 · Depreciation, depletion and amortization

    total $4,511 · management and general $4,511

  • 23 · Insurance

    total $3,655 · program services $2,786 · management and general $869

  • 24a · Other expenses: TREES

    total $61,429 · program services $61,429

  • 24b · Other expenses: CLEANLINESS

    total $59,223 · program services $59,223

  • 24c · Other expenses: EDUCATION

    total $4,771 · program services $4,771

  • 24d · Other expenses: BEAUTIFICATION, INCLUDI

    total $4,199 · program services $4,199

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $440,417 · end of year $147,652

  • 2 · Savings and temporary cash investments

    end of year $101,049

  • 4 · Accounts receivable

    beginning of year $12,351 · end of year $44,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,246

  • 10a · Land, buildings and equipment: cost or other basis

    $27,070

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,070

  • 10c · Land, buildings and equipment, net

    beginning of year $4,512 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,168,038 · end of year $1,315,995

  • 14 · Intangible assets

    beginning of year $710 · end of year $710

  • 15 · Other assets

    beginning of year $0 · end of year $479,609

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,482 · end of year $60,760

  • 19 · Deferred revenue

    end of year $398,803

  • 27 · Net assets without donor restrictions

    beginning of year $791,391 · end of year $817,869

  • 28 · Net assets with donor restrictions

    beginning of year $795,401 · end of year $811,583

Mission and programs · 2023

Mission

BRIGHTSIDE FOUNDATION WORKS HAND-IN-HAND WITH BRIGHTSIDE, INC. TO SOLICIT AND OVERSEE PRIVATELY-RAISED FUNDS IN SUPPORT OF THE ENVIRONMENTALLY FOCUSED ACTIVITIES OF BRIGHTSIDE INC. THROUGH ITS FIDUCIARY ROLE, THE FOUNDATION ENSURES THAT DONATED FUNDS ARE USED AS THE DONOR INTENDED.

  • ONE HUNDRED AND SEVEN (107) BUS STOPS IN LOUISVILLE AREA WERE CLEANED AND MAINTAINED ON A REGULAR BASIS FOR ENTIRE YEAR INCLUDING POWER WASHING AND LITTER REMOVAL.

    Expenses $3,437

  • TWENTY ONE (21) MINI BOTANICAL GARDENS IN PUBLIC MEDIANS WERE MAINTAINED ACROSS METRO LOUISVILLE AND TWO HUNDRED AND EIGHTEEN (218) NEW CANOPY TREES WERE PLANTED TO INCREASE LOUISVILLE'S TREE CANOPIES AND BEAUTIFY VARIOUS NEIGHBORHOODS THROUGHOUT THE CITY ALONG WITH OTHER BEAUTIFICATION AND PLANTING PROJECTS. TREE PLANTING PROJECTS INCLUDE THREE YEARS OF MAINTENANCE.

    Expenses $86,988

  • ONE HUNDRED AND TWENTY (120) EDUCATIONAL OUTREACH PRESENTATIONS WERE MADE THROUGH METRO LOUISVILLE REACHING 3,286 STUDENTS

    Expenses $81,453

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff English

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25
  • Jason Larkin

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25
  • Chandrika Srinivasan

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25
  • Brandan Burfict

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Brandon Coan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Will Fensterer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Jennifer McGill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Gina O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Louis Straub II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Lorri Roberts

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.25
  • Michelle Black White

    EXECUTIVE DIRECTOR

    Total calculated
    $88,000
    From this org
    $88,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20
  • Amber Halloran

    CFO

    Total calculated
    $25,250
    From this org
    $25,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349312583

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