Sunbridge Schools
- Assets
- $3.3m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 62
- Location
- Toledo, OH
- Founding
- 08/2013
- Data as of
- 06/2023
- EIN
- 45-4667676
Organization Overview
Sunbridge Schools, operating under the name SunBridge Schools, is located in Toledo, OH. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, SunBridge Schools employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. SunBridge Schools 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 06/2023, SunBridge Schools generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. While expenses have increased by 1.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMITMENT TO OFFERING CHILDREN IN UNDER-SERVED AREAS THE EDUCATIONAL OPPORTUNITIES THEY NEED TO REACH THEIR FULL POTENTIAL BY PREPARING THEM TO GRADUATE FROM HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL UTILIZES A RESEARCH-BASED CURRICULA TO ENSURE OUTSTANDING ACADEMIC PERFORMANCE BY ALL STUDENTS. THE SCHOOL PRESENTS A MODEL OF A HIGHLY COLLABORATIVE ORGANIZATION WHERE THE GREATER TOLEDO COMMUNITY, THE BOARD, ADMINISTRATORS, TEACHERS, PARENTS AND STUDENTS WORK TOGETHER TO ACHIEVE ACADEMIC EXCELLENCE IN A POWERFUL CAREER AND COLLEGE PREPARATORY CURRICULUM AND SUPPORTIVE COMMUNITY ENVIRONMENT, FULFILLING THE FOUR OBJECTIVES OF: SOCIAL AND LEADERSHIP DEVELOPMENT, SAFETY AND EFFICIENT OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Gathard Board Member | Trustee | 1 | $0 |
Steve Mitchell Board Member | Trustee | 1 | $0 |
Jim Wiegand Board Member | Trustee | 1 | $0 |
John Payak Board Member | Trustee | 1 | $0 |
Jennifer Nietz Board Member | Trustee | 1 | $0 |
Todd Black Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Correctional Services Food Services | 6/29/23 | $187,199 |
St John The Baptist Church Rent | 6/29/23 | $152,388 |
Coleman Systems Inc Building Services | 6/29/23 | $357,082 |
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 | $4,395,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,395,710 |
| Total Program Service Revenue | $0 |
| 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 | $4,395,710 |
| 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 | $2,130,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $451,165 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,772 |
| Fees for services: Accounting | $41,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,434 |
| Advertising and promotion | $4,658 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,453 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $129,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,977 |
| Insurance | $48,138 |
| All other expenses | $24,263 |
| Total functional expenses | $3,902,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,396 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $157,486 |
| Accounts receivable, net | $0 |
| 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 | $13,307 |
| Net Land, buildings, and equipment | $1,830,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,234,254 |
| Total assets | $3,257,128 |
| Accounts payable and accrued expenses | $210,388 |
| 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 | $38,518 |
| Other liabilities | $5,650,131 |
| Total liabilities | $5,899,037 |
| Net assets without donor restrictions | -$2,641,909 |
| 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 | $3,257,128 |