Bridges Of Hope Charitable Tr
- Assets
- $4.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 36
- Location
- Homerville, GA
- Founding
- 01/1991
- Data as of
- 12/2021
- EIN
- 58-1917635
Organization Overview
Bridges Of Hope Charitable Tr is located in Homerville, GA. The organization was established in 1991. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2021, Bridges Of Hope Charitable Tr employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges Of Hope Charitable Tr 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 12/2021, Bridges Of Hope Charitable Tr generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BRIDGES OF HOPE IS A LONG TERM RESIDENTIAL ALCOHOL AND DRUG RECOVERY PROGRAM. THE RESIDENTS ARE ASSIGNED WORKING DUTIES AS A PART OF THE PROGRAM, WHICH INCLUDES GROUNDSKEEPING, COOKING, CLEANING, MAINTENANCE, GARDENING, AS WELL AS OFF CAMPUS WORK AS IT IS AVAILABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL REVENUES AND EXPENSES ARE DIRECTED AT ALCOHOL AND DRUG RECOVERY. THE SUCCESS OF THE PROGRAM IS DETERMINED BY THE INDIVIDUALS ENTERED INTO THE RECOVERY PROGRAM. CURRENTLY THE BOARD ESTIMATES A 10% SUCCESS RATE WITH NO RELAPSES. SUCCESS RATE WITH RELAPSES HAS NOT BEEN DETERMINED AS OF YET. SOME OF THE GREATEST ACCOMPLISHMENTS ARE SEEN IN THE INDIVIDUALS WHO HAVE ATTENDED THE PROGRAM AND ARE NOW MANAGERS, ASSISTANT MANAGERS, OR SUPERVISORS, AS WELL AS FORMER PROGRAM RESIDENTS WHO ARE NOW BOARD MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Fries Chairman | OfficerTrustee | 20 | $0 |
Lois Corbitt Secretary And Administrative | Officer | 60 | $0 |
William Richards Baord Member | Trustee | 20 | $0 |
Marshall Harris Board Member | Trustee | 20 | $0 |
Glenn Hendrix Board Member | Trustee | 20 | $0 |
Tim Moncus Board Member | Trustee | 20 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,228,453 |
| Investment income | $272 |
| 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 | $2,034,069 |
| 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 | $427,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $85,769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $253,220 |
| Insurance | $130,059 |
| All other expenses | $681,192 |
| Total functional expenses | $2,049,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,979 |
| 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 | $3,858,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,094,514 |
| Accounts payable and accrued expenses | $61,980 |
| 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 | $113,839 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,424 |
| Total liabilities | $201,243 |
| Net assets without donor restrictions | $3,813,771 |
| Net assets with donor restrictions | $79,500 |
| 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 | $4,094,514 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Bridges Of Hope Charitable Tr has recieved totaling $301,604.
| Awarding Organization | Amount |
|---|---|
Second Harvest Of South Georgia Inc Valdosta, GA PURPOSE: SEE PART IV | $105,784 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $85,000 |
Second Harvest Of South Georgia Inc Valdosta, GA PURPOSE: SEE PART IV | $69,312 |
Second Harvest Of South Georgia Inc Valdosta, GA PURPOSE: SEE PART IV | $36,058 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,380 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Currey Ingram Academy Brentwood, TN | $68,664,811 | $19,766,895 |
The Howard School Inc Atlanta, GA | $46,587,964 | $14,630,236 |
Schenck School Inc Atlanta, GA | $49,204,547 | $13,089,821 |
Baconton Parents And Citizens For Better Education Inc Baconton, GA | $6,989,998 | $13,118,266 |
Kings Daughters School Of Maury County Tennessee Columbia, TN | $22,315,744 | $10,828,649 |
The Fletcher School Inc Charlotte, NC | $32,973,110 | $9,343,096 |
Mill Springs Academy Inc Alpharetta, GA | $16,639,612 | $7,597,542 |
Brookhaven Innovation Academy Norcross, GA | $15,037,187 | $6,615,354 |
Buffalo River Services Inc Waynesboro, TN | $4,974,303 | $6,349,506 |
Jacobs Ladder Neurodevelopmental Learning Center Inc Roswell, GA | $19,026,689 | $7,969,292 |
Visible Music College Memphis, TN | $10,671,207 | $4,938,373 |
Memphis Delta Preparatory Charter School Inc Memphis, TN | $4,856,430 | $5,650,290 |