College Bridge Inc
- Assets
- $180.2k
- Revenue
- $105.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Duarte, CA
- Founding
- 01/2013
- Data as of
- 06/2022
- EIN
- 45-1215081
Organization Overview
College Bridge Inc is located in Duarte, CA. The organization was established in 2013. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, College Bridge Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Bridge 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, College Bridge Inc generated $105.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $692.9k during the year ending 06/2022. 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
MISSION: INCREASING COLLEGE ACCESS AND SUCCESS FOR UNDERREPRESENTED STUDENTS.ACTIVITIES: ACADEMIC PROGRAMS FOR K-12 STUDENTS TO ENSURE THEY GRADUATE FROM HIGHSCHOOL READY FOR COLLEGE-LEVEL COURSEWORK AND COLLEGE KNOWLEDGE WORKSHOPS FORUNDERREPERSNTED STUDENTS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO SCHOOL CLOSURES FROM COVID-19, THE CORE PROGRAMMING OF SUPPORTED DUAL ENROLLMENT PROGRAMS FOR STUDENTS UNDERPREPARED IN MATHEMATICS WAS HALTED FOR THE 2021-22 SCHOOL YEAR. ACTIVITIES SHIFTED TO PROFESSIONAL DEVELOPMENT FOR SECONDARY AND POST-SECONDARY MATH INSTRUCTORS TO ASSIST WITH ONLINE INSTRUCTION AND DEVELOP EQUITABLE GRADING PRACTICES, WITH 899 MATH INSTRUCTORS RECEIVING SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Lynn Cevallos CEO | Officer | 40 | $152,726 |
Owynn Lancaster Cao | Officer | 40 | $106,626 |
Dr Nicole K Jackson COO | Officer | 30 | $95,158 |
Petrus Van Hammersveld Cro | Officer | 5 | $26,390 |
Ethan Barkett CFO | Officer | 2 | $4,840 |
James King III Director | Trustee | 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 | $8,034 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,034 |
| Total Program Service Revenue | $97,768 |
| Investment income | $0 |
| 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 | $105,802 |
| 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. | $384,740 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,674 |
| Payroll taxes | $39,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $213 |
| Fees for services: Accounting | $11,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,727 |
| Office expenses | $22,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,023 |
| 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 | $1,388 |
| Insurance | $6,680 |
| All other expenses | $2,540 |
| Total functional expenses | $692,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,108 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,839 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $180,238 |
| Accounts payable and accrued expenses | $26,988 |
| 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 | $200,000 |
| Total liabilities | $226,988 |
| Net assets without donor restrictions | -$46,750 |
| 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 | $180,238 |