BRIGHT BEGINNINGS

EIN: 612099911 501(c)(3) Education

SAMMAMISH, WA

Total Revenue
$377,379
Total Expenses
$268,633
Total Assets
$903,453
Net Assets
$106,196
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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
2023
Legal Domicile
WA
Principal Officer
RAKESH NAMINENI
Phone
4258297357
Tax Period
2023-05-24 to 2023-12-31

BRIGHT BEGINNINGS, founded in 2023, is a small nonprofit in the Education sector that reported $377K in total revenue in fiscal year 2023. The organization ran a surplus of $109K, a strong 29% operating margin.

Mission

BRIGHT STAR DBA SMALL WORLD MONTESSORI EVERETT IS A CULTURALLY INCLUSIVE COMMUNITY OF EARLY LEARNERS THAT FOSTERS A LOVE OF LEARNING, ENCOURAGES INDEPENDENCE AND BUILDS SELF-CONFIDENCE BY EMPOWERING CHILDREN TO BE ACTIVE PARTICIPANTS IN THEIR LEARNING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $377,379
Investment Income $0
Other Revenue $0
TOTAL REVENUE $377,379

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,178
Fundraising Expenses $0
Program Expenses $240,435
Other Expenses $175,455
TOTAL EXPENSES $268,633

Year-over-Year Comparison

2023 2022 Change
Revenue $377,379 N/A N/A
Expenses $268,633 N/A N/A
Net Income $108,746 N/A N/A
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
3
Employees
14
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
5
$9,000
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAKESH NAMINENI PRESIDENT 2.00
Officer Director
$0 $0 $0
MAHADEVAN THANGARAJU DIRECTOR 1.00
Officer Director
$0 $0 $0
GIRISH SRIPATHY DIRECTOR 1.00
Officer Director
$0 $0 $0
RAJA VENUGOPAL TREASURER 2.00
Officer
$0 $0 $0
NIVEDITA THAKKILAPATI SECRETARY 10.00
Officer
$9,000 $0 $9,000
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
2023 $377,379 $268,633 $903,453 $108,746
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