Bright Star Foundation Inc

Nonprofit profile at a glance

EIN
260737034
IRS 990-EZ coverage
2021–2024
Forms available
Form 990 2023, Form 990-EZ 2024
Location
Kokomo, IN, USA
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
International Relief

Reported finances

Revenue
$141,302
Expenses
$140,583
Assets
$33,854

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Barbara Nylen (President)
  • Michael Goodspeed (Vice President)

People named in this filing

  • Sue Berry (Treasurer)
  • Barbara Nylen (President)
  • Tonya Goodspeed (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of Bright Star Foundation is to collect contributions from interested parties to send to Little Angels pre-school Milestones pre-school and sponsored orphans in the slums of Nairobi Kenya to help pay for Food Shelter and Education for orphaned children.

What it reported doing in 2024

Contributions collected for Little Angels pre-school to support educational needs of area slum children including food for school lunches.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 100
  • Sustainability: 31
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.2%; rating input score 83
  • Program expense ratio: 83.6%; rating input score 84

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 0.5%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.24; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -16.1% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -13.8% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -0.8% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 83.2% of revenue deployed · 83.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $118K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Growth: Asset growth scored 0/100.