Bridgemark Inc
- Assets
- $4.3m
- Revenue
- $2.5m
- Investments
- $1.3m
- Employees
- 48
- Location
- Warwick, RI
- Founding
- 07/1976
- Data as of
- 06/2022
- EIN
- 05-0358120
Organization Overview
Bridgemark Inc is located in Warwick, RI. The organization was established in 1976. As of 06/2022, Bridgemark Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgemark 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, Bridgemark Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 5.3% 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
TO PROVIDE A TRANSITIONAL RESIDENTIAL PROGRAM AND OUTPATIENT COUNSELING FOR MEN RECOVERING FROM SUBSTANCE ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A TRANSITIONAL RESIDENTIAL PROGRAM AND OUTPATIENT COUNSELING FOR INDIVIDUALS RECOVERING FROM SUBSTANCE ABUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Laurent COO | 40 | $108,808 | |
Christine Harkins CEO And Board Member | OfficerTrustee | 40 | $107,577 |
Russell Kibbe President | OfficerTrustee | 1 | $0 |
Margie Dybala Secretary | OfficerTrustee | 1 | $0 |
Mark Carruolo Vice President | OfficerTrustee | 1 | $0 |
Donald Deignan Treasurer | OfficerTrustee | 1 | $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 | $31,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,850 |
| Total Program Service Revenue | $2,321,432 |
| Investment income | $26,572 |
| 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 | $2,468,303 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,487,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $249,561 |
| Payroll taxes | $130,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,218 |
| Advertising and promotion | $19,868 |
| Office expenses | $40,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $246,745 |
| Travel | $15,419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,897 |
| Insurance | $53,371 |
| All other expenses | -$2,622 |
| Total functional expenses | $2,558,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $966,904 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,620 |
| 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 | $41,153 |
| Net Land, buildings, and equipment | $1,887,065 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,304,753 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,343,495 |
| Accounts payable and accrued expenses | $164,446 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $164,446 |
| Net assets without donor restrictions | $4,179,049 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,343,495 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bridgemark Inc has recieved totaling $23,500.
| Awarding Organization | Amount |
|---|---|
The Champlin Foundation Pittsburgh, PA PURPOSE: FIRE SPRINKLER SYSTEM FOR STATE LICENSED TREATMENT BEDS | $10,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: COVID-19 VACCINATION INCENTIVE FUND GRANT | $10,000 |
Tilley Charitable Foundation Jamestown, RI PURPOSE: GENERAL OPERATING SUPPORT | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Refocus Inc Providence, RI | $12,657,965 | $15,791,441 |
Reliance Health Inc Norwich, CT | $5,093,297 | $14,005,308 |
Newport County Community Mental Health Center Inc Middletown, RI | $4,640,257 | $13,986,361 |
Central Naugatuck Valley Help Incorporated Waterbury, CT | $974,128 | $4,402,652 |
Keystone House Inc Norwalk, CT | $1,760,341 | $2,848,625 |
Pathways Inc Greenwich, CT | $9,611,501 | $2,517,120 |
Bridgemark Inc Warwick, RI | $4,343,495 | $2,468,303 |
Parents Foundation For Transitional Living Inc New Haven, CT | $1,783,065 | $2,358,814 |
Domus Incorporated Westfield, MA | $7,172,325 | $936,305 |
Martin House Incorporated Norwich, CT | $1,082,867 | $1,342,139 |
Wellmet Project Inc Cambridge, MA | $1,790,667 | $753,911 |
South Shore Recovery Home Inc Quincy, MA | $502,552 | $777,989 |