Bf Inc

Nonprofit profile at a glance

EIN
431988942
IRS 990 coverage
2011–2020
Forms available
Form 990 2020
Location
Atlanta, GA, USA
Phone
4047991249
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Youth Development Programs

Official website

Reported finances

Revenue
$1,659,074
Expenses
$1,276,320
Assets
$2,010,669
Liabilities
$190,945

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • PHILIP ROSS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • PHILIP ROSS (EXECUTIVE DIRECTOR): $76,932 total reported compensation
  • GAIL ROSS (DIRECTOR OF PROGRAMS): $46,432 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

BFA's mission is to promote the spiritual, academic and physical growth of its youth participants and their families through year-round programs. The organization's activities and guidance are aimed at instilling a passion for learning, resulting in lasting social change.

What it reported doing in 2020

After School - Bright Futures Atlanta operates a three hour after-school program Monday - Thursday for all BFA students. The Sharpening Skills for Success Program (S3) provides a combination of art, music and recreational activity to foster creativity, music appreciation and team dynamics. The program provides tutoring, homework help, art education, sports and recreation, music, devotion and dinner. Additionally, BFA has added a high tech computer lab complete w/coding computers, virtual reality machines and graphic design instruments. A state of the art media center complete with cameras, set, lighting and editing workroom have also been added.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.9%; rating input score 65
  • Program expense ratio: 84.4%; rating input score 84
  • Fundraising efficiency: $19.3 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 74th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 23.1%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 1.58; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 9.7%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 11.5% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 13.8% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 17% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 64.9% of revenue deployed · 84.4% of spending went to programs
  • Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $1.1M in reported program spending
  • Leadership: top reported pay $77K · 16 people listed
  • Consistency: 35 of 35 current checks pass
  • Schedules: 9 filed schedules · includes major donors and grants
  • Filing history: 10 filing years from 2011 to 2020
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Fundraising efficiency scored 53/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.