Bright Minds Academy Inc

EIN: 832636413 501(c)(3)

Staten Island, NY

Total Revenue
$1,279,082
Total Expenses
$1,226,305
Total Assets
$200,877
Net Assets
$-51,937
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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
2019
Legal Domicile
NY
Principal Officer
Dian Sawh
Tax Period
2021-01-01 to 2021-12-31

Bright Minds Academy Inc, founded in 2019, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2021. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 4% surplus.

Mission

Provide inclusive and adaptable 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 (2021)

Revenue Breakdown

Contributions & Grants $598,672
Program Service Revenue $680,410
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,279,082

Expense Breakdown

Grants Paid $0
Salaries & Benefits $540,577
Fundraising Expenses $0
Program Expenses $1,163,850
Other Expenses $685,728
TOTAL EXPENSES $1,226,305

Year-over-Year Comparison

2021 2020 Change
Revenue $1,279,082 $711,297 +0.8%
Expenses $1,226,305 $715,047 +0.7%
Net Income $52,777 $-3,750 -15.1%
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
N/A
Independent Members
N/A
Employees
29
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
4
$245,151
Total Directors
1
$227,399
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nirlyn King COO Director 40.00
Officer Director
$227,399 $0 $227,399
Rueneca Watkins Treasurer 40.00
Officer
$15,226 $0 $15,226
Sasha Pierre Secretary 40.00
Officer
$2,526 $0 $2,526
Dian Sawh CEO 40.00
Officer
$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
2021 $1,279,082 $1,226,305 $200,877 $52,777
2020 $711,297 $715,047 $93,500 $-3,750
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