BRIGHT LEADERSHIP INSTITUTE

EIN: 510605614 501(c)(3) Human Services

Chicago, IL

Total Revenue
$391,887
Total Expenses
$405,034
Total Assets
$116,946
Net Assets
$116,946
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
IL
Principal Officer
VERA G DAVIS
Phone
7733505700
Tax Period
2022-01-01 to 2022-12-31

BRIGHT LEADERSHIP INSTITUTE, founded in 2007, is a small nonprofit in the Human Services sector that reported $392K in total revenue in fiscal year 2022. Revenue surged 87% from the prior year, signaling strong growth momentum.

Mission

TRAINING BLACK LEADERS THROUGH EDUCATION SEMINARS WORKSHOPSWORK EXPERIENCE AND OTHER ADCTIVITIES LEADING TO THEIR DEVELOPMENT

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $391,887
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $391,887

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,500
Fundraising Expenses $0
Other Expenses $280,534
TOTAL EXPENSES $405,034

Year-over-Year Comparison

2022 2021 Change
Revenue $391,887 $209,685 +0.9%
Expenses $405,034 $112,924 +2.6%
Net Income $-13,147 $96,761 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$124,500
Total Directors
3
$124,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VERA G DAVIS PRESIDENT 20.00
Officer Director
$0 $0 $0
RENELL PERRY VICE PRESIDENT 40.00
Officer Director
$88,500 $0 $88,500
ANNIE M FORD TREASURER 30.00
Officer Director
$36,000 $0 $36,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2022 $391,887 $405,034 $116,946 $-13,147
2021 $209,685 $112,924 $130,093 $96,761
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