Bridge Of Storm Lake
- Assets
- $360.7k
- Revenue
- $325.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Storm Lake, IA
- Founding
- 07/2017
- Data as of
- 02/2023
- EIN
- 47-4770141
Organization Overview
Bridge Of Storm Lake is located in Storm Lake, IA. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 02/2023, Bridge Of Storm Lake employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Of Storm Lake 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 02/2023, Bridge Of Storm Lake generated $325.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $288.4k during the year ending 02/2023. While expenses have increased by 6.3% per year over the past 5 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
THE BRIDGE OF STORM LAKE IS A MINISTRY THAT SERVES YOUTH IN VULNERABLE PLACES IN STORM LAKE. THE BRIDGE SERVES ELEMENTARY THROUGH COLLEGE AGED INDIVIDUALS, WITH A FOCUS ON BUILDING RELATIONSHIPS TO BUILD A COMMUNITY WITH THEM IN ORDER TO SERVE THEM HOLISTICALLY. ACTIVITIES INCLUDE AN AFTER SCHOOL PROGRAM, BIBLE STUDIES, GARDENING, FOOD DISTRIBUTION, COFFEE MAKING AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL PROGRAM, BIBLE STUDIES, GARDENING, FOOD DISTRIBUTION, AND COFFEE MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Netten President | OfficerTrustee | 2.5 | $0 |
Bob Schaller Secretary | Trustee | 2.5 | $0 |
Julio Renteria Director | Trustee | 1 | $0 |
Maria Garcia Director | Trustee | 1 | $0 |
Jeff Khamphasouk Treasurer | Trustee | 2.5 | $0 |
Duane Miller Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,405 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,000 |
| Noncash contributions included in lines 1a–1f | $73,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,405 |
| Total Program Service Revenue | $21,109 |
| Investment income | $192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $400 |
| Net Income from Fundraising Events | $44,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $325,422 |
| 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. | $32,136 |
| Compensation of current officers, directors, key employees. | $25,709 |
| Compensation to disqualified persons | $121,498 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $2,790 |
| Other employee benefits | $3,872 |
| Payroll taxes | $13,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,503 |
| Advertising and promotion | $1,333 |
| Office expenses | $9,459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,373 |
| Travel | $3,544 |
| 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 | $18,979 |
| Insurance | $2,280 |
| All other expenses | $8,685 |
| Total functional expenses | $288,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,499 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $334,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,141 |
| Total assets | $360,680 |
| Accounts payable and accrued expenses | $0 |
| 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 | $143,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,249 |
| Total liabilities | $150,075 |
| Net assets without donor restrictions | $210,605 |
| 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 | $360,680 |