GEORGIA BRIGHT FUTURES FOUNDATION INC

EIN: 812603696 501(c)(3)

ATLANTA, GA

Total Revenue
$1,063,424
Total Expenses
$995,940
Total Assets
$379,880
Net Assets
$68,108
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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
2016
Legal Domicile
GA
Principal Officer
ANIS SHERALI
Phone
4044481576
Tax Period
2019-01-01 to 2019-12-31

GEORGIA BRIGHT FUTURES FOUNDATION INC, founded in 2016, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2019. Revenue surged 650% from the prior year, signaling strong growth momentum. Expenses of $996K left a modest 6% surplus.

Mission

THE ORGANIZATION IS A NONPROFIT GEORGIA CORPORATION DEDICATED TO OFFERING STUDENTS FROM LOW AND MIDDLE INCOME FAMILIES OPPORTUNITIES TO ATTEND PRIVATE K-12 SCHOOLS OF THEIR PARENTS' CHOICE IN THE STATE OF GEORGIA.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,063,424
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,063,424

Expense Breakdown

Grants Paid $977,476
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $977,476
Other Expenses $18,464
TOTAL EXPENSES $995,940

Year-over-Year Comparison

2019 2018 Change
Revenue $1,063,424 $141,741 +6.5%
Expenses $995,940 $152,654 +5.5%
Net Income $67,484 $-10,913 -7.2%
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
5
Independent Members
5
Employees
N/A
Volunteers
6

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANIS SHERALI PRESIDENT N/A
$0 $0 $0
TASNIM ALAMGIR TREASURER N/A
$0 $0 $0
MOHAMMAD O TOMEH DIRECTOR N/A
$0 $0 $0
JAMAL SHEIKH DIRECTOR N/A
$0 $0 $0
FAREED AHMED DIRECTOR N/A
$0 $0 $0
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
2019 $1,063,424 $995,940 $379,880 $67,484
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