Bridge Academy Inc
- Assets
- $2.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 47
- Location
- Lawrenceville, NJ
- Founding
- 09/2003
- Data as of
- 06/2022
- EIN
- 02-0694031
Organization Overview
Bridge Academy Inc is located in Lawrenceville, NJ. The organization was established in 2003. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Bridge Academy Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Bridge Academy Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF STUDENTS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED A PROGRAM FOR DISABLED CHILDREN AGES 8-18 WITH AN AVERAGE DAILY ENROLLMENT OF 58 STUDENTS FOR 180 SCHOOL DAYS DURING THE SCHOOL YEAR ENDED JUNE 30, 2022. THE EDUCATIONAL CONTENT AND SCHOOL FINANCES ARE REGULATED BY THE NEW JERSEY STATE DEPARTMENT OF EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayne Pellegrino Director | Officer | 50 | $156,664 |
Susan Morris Director | Officer | 50 | $145,713 |
David Hayden Secretary | OfficerTrustee | 2 | $0 |
George Boyle Treasurer | OfficerTrustee | 2 | $0 |
Mark Reilly President | OfficerTrustee | 2 | $0 |
Kimberly Bruno Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,841 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,841 |
| Total Program Service Revenue | $2,872,597 |
| Investment income | $194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,045,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $323,763 |
| Compensation of current officers, directors, key employees. | $32,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,547,246 |
| Pension plan accruals and contributions | $152,541 |
| Other employee benefits | $154,851 |
| Payroll taxes | $135,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,803 |
| Fees for services: Accounting | $30,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,969 |
| Office expenses | $62,702 |
| Information technology | $128,611 |
| Royalties | $0 |
| Occupancy | $191,892 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $1,338 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,360 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,591 |
| Insurance | $12,263 |
| All other expenses | $0 |
| Total functional expenses | $2,964,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $977,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,957 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,618 |
| Net Land, buildings, and equipment | $624,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275,031 |
| Total assets | $2,105,734 |
| Accounts payable and accrued expenses | $415,934 |
| Grants payable | $0 |
| Deferred revenue | $63,515 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $479,449 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,626,285 |
| Total liabilities and net assets/fund balances | $2,105,734 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Bridge Academy Inc has recieved totaling $13,012.
| Awarding Organization | Amount |
|---|---|
David M Levy Family Foundation Lakewood, NJ PURPOSE: PAYMENTS TO ASSIST WITH EDUCATIONAL BUILDING IMPROVEMENTS AND RENOVATIONS | $5,200 |
E J Grassmann Trust Warren, NJ PURPOSE: CAPITAL FUND SUPPORT | $5,000 |
Celebrity Foundation Inc Aventura, FL PURPOSE: GENERAL SUPPORT | $1,800 |
The Bean Family Foundation New York, NY PURPOSE: GENERAL EXEMPT PURPOSE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $211 |
Ralph And Sondra Sutton Foundation Inc Brooklyn, NY PURPOSE: CHARITY | $201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
Eclc Of Nj A New Jersey Non Profit Corporation Chatham, NJ | $5,195,140 | $18,377,068 |
Kingsway Learning Center Moorestown, NJ | $5,041,618 | $18,181,631 |
Pennsylvania School For The Deaf Philadelphia, PA | $50,307,552 | $18,217,495 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
The Manhattan Childrens Center Inc New York, NY | $11,028,934 | $17,851,466 |
American Federation Of Teachers Yonkers, NY | $7,190,230 | $15,527,584 |
Martin De Porres School Inc Elmont, NY | $5,784,072 | $14,760,411 |