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Nonprofiteer
← BBI HOLDINGS INC

Form 990 for tax year 2022

Filed by BBI HOLDINGS INC.

Totals

Total revenue
$407,880
Total expenses
$389,692
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$407,880
Investment income
$0
Other revenue
$0
Total assets, end of year
$10,349,776
Total liabilities, end of year
$10,534,656
Net assets or fund balances, end of year
-$184,880
Program services expenses (Part IX)
$192,129
Management and general expenses
$174,267
Fundraising expenses
$23,296
Program service expenses (Part III)
$192,129

Program services were 49.3% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $390,944 · related or exempt $390,944

  • 2b · Program service revenue: MANAGEMENT FEE

    total $16,936 · related or exempt $16,936

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,600 · program services $1 · management and general $3,259 · fundraising $340

  • 13 · Office expenses

    total $15 · management and general $14 · fundraising $1

  • 16 · Occupancy

    total $5,292 · program services $2,946 · management and general $2,225 · fundraising $121

  • 20 · Interest

    total $158,549 · program services $25 · management and general $143,531 · fundraising $14,993

  • 22 · Depreciation, depletion and amortization

    total $222,236 · program services $189,157 · management and general $25,238 · fundraising $7,841

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,754 · end of year $92,190

  • 4 · Accounts receivable

    beginning of year $977,724 · end of year $1,246,604

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

    $10,122,161

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

    $1,111,179

  • 10c · Land, buildings and equipment, net

    beginning of year $9,233,218 · end of year $9,010,982

  • 23 · Secured mortgages and notes payable

    beginning of year $9,310,000 · end of year $9,310,000

  • 25 · Other liabilities

    beginning of year $1,215,764 · end of year $1,224,656

  • 27 · Net assets without donor restrictions

    beginning of year -$203,068 · end of year -$184,880

Mission and programs · 2022

Mission

TO ACQUIRE, HOLD, OWN, MANAGE, MAINTAIN, OPERATE, SELL, AND LEASE REAL PROPERTY, EXCLUSIVELY IN SUPPORT OF THE CHARITABLE PURPOSE OF BRIGHT BEGINNINGS, INC.

  • TO ACQUIRE, HOLD, OWN, MANAGE, MAINTAIN, OPERATE, SELL, AND LEASE REAL PROPERTY, EXCLUSIVELY IN SUPPORT OF THE CHARITABLE PURPOSE OF BRIGHT BEGINNINGS, INC.

    Expenses $192,129 · Revenue $407,880

As filed on the 2022 return.

Listed in Part VII

  • Erin Fisher

    CHIEF EXECUTIVE OFFICER BBI

    Total calculated
    $186,592
    From this org
    $0
    From related orgs
    $176,350
    Other
    $10,242
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,350 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,242 related
    Filer's total
    $0 + $186,592 related

  • Paul Berry

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Linda Schakel

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shane McLaughlin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Susan Brobeck

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Maria Estefania

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Fotheringill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Antwone Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lauren Sharpless-Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS DETERMINED BY THE RELATED ORGANIZATION, BRIGHT BEGINNINGS, INC.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
31 July 2024
IRS schema version
2022v5.0
Source object
202432139349300933

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