Bridges Usa Inc
- Assets
- $24.2m
- Revenue
- $411.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 03/1985
- Data as of
- 06/2021
- EIN
- 63-1019523
Organization Overview
Bridges Usa Inc is located in Memphis, TN. The organization was established in 1985. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bridges USA 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 06/2021, Bridges USA Inc generated $411.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $838.2k during the year ending 06/2021. 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
PROVIDE EDUCATIONAL PROGRAMS FOR YOUTH. THE SOLE PURPOSE OF THIS ORGANIZATION IS TO ASSIST IN FUNDING THE NON-PROFIT ACTIVITIES OF BRIDGES USA, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ORGANIZED AND OPERATED AS A TYPE II SUPPORTING ORGANIZATION DESCRIBED IN SECTION 509(A)(1) OR SECTION 509(A)(2) EXCLUSIVELY FOR THE BENEFIT OF AND TO ASSIST IN CARRYING OUT THE PURPOSE OF YOUTH EDUCATION THROUGH BRIDGES, U.S.A., INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Dudek Chair | OfficerTrustee | 1 | $0 |
Anne Dixon Secretary/cfo | OfficerTrustee | 40 | $0 |
Calvin Anderson Trustee | Trustee | 1 | $0 |
Stanton Brown Trustee | Trustee | 1 | $0 |
Tony Graves Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,023 |
| Investment income | $622,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$233,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,959 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,777 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $838,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,080 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $92,450 |
| 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 |
| Investments—publicly traded securities | $24,040,814 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,162,344 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $986,034 |
| Total liabilities | $986,034 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $23,176,310 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bridges Usa Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Kemmons Wilson Family Foundation Memphis, TN PURPOSE: GENERAL - OPERATING | $25,000 |
Endowment Analysis
| Beg. Balance | $23,176,311 |
| Earnings | -$3,388,058 |
| Admin Expense | $10,000 |
| Grants | $1,057,355 |
| Ending Balance | $18,720,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |