Bridges Preparatory School
- Assets
- $41.8m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 141
- Location
- Beaufort, SC
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-0847332
Organization Overview
Bridges Preparatory School is located in Beaufort, SC. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Bridges Preparatory School employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges Preparatory School 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, Bridges Preparatory School generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $12.2m during the year ending 06/2022. While expenses have increased by 18.2% 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
THE BRIDGES PREPARATORY SCHOOL MISSION IS TO PROVIDE STUDENTS EQUAL ACCESS TO A HIGH QUALITY K-12 WHOLE CHILD EDUCATION THAT MAXIMIZES ACADEMIC EXCELLENCE AND STRENGTH OF CHARACTER IN A STUDENT-CENTERED LEARNING ENVIRONMENT CREATED BY A FACULTY OF LIFELONG LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY 2022, BRIDGES PREPARATORY SCHOOL CREATED A STUDENT-CENTERED LEARNING ENVIRONMENT, DEVELOPED TO MAXIMIZE ACADEMIC EXCELLENCE AND STRENGTH OF CHARACTER FOR 1,209 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Mcculloch Head Of School | Trustee | 40 | $133,084 |
Jonathan Brown Secretary | OfficerTrustee | 5 | $0 |
Bryan Merrick Vice Chair | OfficerTrustee | 5 | $0 |
Tom Angelo Board Chair | OfficerTrustee | 5 | $0 |
Chiffon Mcneil Treasurer | OfficerTrustee | 5 | $0 |
Chris Ketchie Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mb Kahn Construction Co Inc Contractor For New Construction Elementa | 6/29/22 | $2,469,462 |
Chunchich Recration And Design Playground Equiptment Construction New F | 6/29/22 | $473,233 |
A3 Communications Inc Technology / Phones For New Construction | 6/29/22 | $365,047 |
Hakim's Consulting Llc Resident Inspector For Construciton Requ | 6/29/22 | $197,715 |
Abr Digital Office Solutions Copiers And Printers Throughout The Faci | 6/29/22 | $124,416 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,405,515 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,504,905 |
| Total Program Service Revenue | $362,387 |
| Investment income | $6,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,670 |
| Net Gain/Loss on Asset Sales | $882,100 |
| Net Income from Fundraising Events | $60,889 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,934,070 |
| 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. | $133,084 |
| Compensation of current officers, directors, key employees. | $133,084 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,281,664 |
| Pension plan accruals and contributions | $136,057 |
| Other employee benefits | $778,962 |
| Payroll taxes | $505,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,655 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $223,251 |
| Advertising and promotion | $9,212 |
| Office expenses | $0 |
| Information technology | $53,502 |
| Royalties | $0 |
| Occupancy | $1,193,053 |
| Travel | $3,633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $836,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $553,051 |
| Insurance | $29,647 |
| All other expenses | $0 |
| Total functional expenses | $12,177,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,528,895 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $333,835 |
| 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 | $85,657 |
| Net Land, buildings, and equipment | $30,856,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,804,496 |
| Accounts payable and accrued expenses | $918,710 |
| Grants payable | $103 |
| Deferred revenue | $149 |
| 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 | $33,390,084 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,173 |
| Total liabilities | $34,325,219 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,612,782 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,866,495 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $41,804,496 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bridges Preparatory School has recieved totaling $720.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Kipp Enc Public Schools Gaston, NC | $35,993,575 | $43,410,261 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Triad Math And Science Academy Company Greensboro, NC | $12,436,639 | $25,994,464 |
Sugar Creek Charter School Inc Charlotte, NC | $29,486,928 | $22,844,199 |
York Preparatory Academy Inc Rock Hill, SC | $46,250,358 | $19,880,762 |
James Island Charter High School Charleston, SC | $22,889,433 | $20,877,381 |
Legacy Early College Greenville, SC | $11,865,335 | $23,115,805 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |