Brighter Generation

EIN: 873038722 501(c)(3) Education

Alexandria, VA

Total Revenue
$58,250
Total Expenses
$60,163
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Principal Officer
Yonas Atoma
Phone
7039878224
Tax Period
2023-01-01 to 2023-12-31

Brighter Generation, founded in 2021, is a micro nonprofit in the Education sector that reported $58K in total revenue in fiscal year 2023.

Mission

Brighter Generation mobilizes professional global volunteers, including the Ethiopian diaspora and second-generation college students, to teach the next generation of Ethiopian leaders and innovators virtually and in person.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $58,250
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $58,250

Expense Breakdown

Grants Paid $8,310
Salaries & Benefits $13,161
Fundraising Expenses $5,111
Program Expenses $51,947
Other Expenses $38,692
TOTAL EXPENSES $60,163

Year-over-Year Comparison

2023 2022 Change
Revenue $58,250 N/A N/A
Expenses $60,163 N/A N/A
Net Income $-1,913 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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
100

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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Berhanu Bulcha Chairman 5.00
Director
$0 $0 $0
Tsega Solomon Secratary 6.00
Director
$0 $0 $0
Yonas Atoma Treasurer 2.00
Director
$0 $0 $0
Aklilu Ayalew Director 1.00
Director
$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
2023 $58,250 $60,163 No data $-1,913
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