Bridges Public Charter School
- Assets
- $12.5m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 197
- Location
- Washington, DC
- Founding
- 05/2004
- Data as of
- 06/2022
- EIN
- 73-1681983
Organization Overview
Bridges Public Charter School is located in Washington, DC. The organization was established in 2004. 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 Public Charter School employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges Public Charter 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 Public Charter School generated $13.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $12.9m during the year ending 06/2022. While expenses have increased by 6.6% 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
TO PROVIDE AN EXEMPLARY, INDIVIDUALIZED EARLY CHILDHOOD AND ELEMENTARY EDUCATIONAL PROGRAM THAT INCLUDES STUDENTS WITH SPECIAL NEEDS. OUR DEVELOPMENTALLY APPROPRIATE, STUDENT AND FAMILY-CENTERED EDUCATIONAL APPROACH NURTURES STUDENTS TO EXPAND THEIR DEVELOPMENTAL SKILLS, IN ORDER TO BUILD A FOUNDATION FOR LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIDGES PUBLIC CHARTER SCHOOL (THE CHARTER SCHOOL) WAS ESTABLISHED TO PROVIDE PRESCHOOL EDUCATION TO STUDENTS WITH AND WITHOUT SPECIAL NEEDS IN THE DISTRICT OF COLUMBIA. THE CHARTER SCHOOL WAS INCORPORATED UNDER THE LAWS OF THE DISTRICT OF COLUMBIA IN AUGUST 2003. THE SCHOOL WAS GRANTED A 15-YEAR CHARTER TO OPERATE AS A PUBLIC CHARTER SCHOOL IN THE DISTRICT OF COLUMBIA UNDER THE DC PUBLIC SCHOOL REFORM ACT OF 1995. THE SCHOOL PROGRAM OPENED IN AUGUST OF 2005. IN MARCH 2012, THE CHARTER SCHOOL WAS GRANTED APPROVAL BY THE DC PUBLIC CHARTER SCHOOL BOARD TO EXPAND INTO AN ELEMENTARY SCHOOL PROGRAM, TO SERVE GRADES PRE-K THROUGH FIFTH. THE CHARTER SCHOOL REACHED GRADE LEVEL CAPACITY IN THE 2017-2018 SCHOOL YEAR WITH FIFTH GRADE. DURING NOVEMBER 2015, THE CHARTER SCHOOLS LEGAL NAME WAS CHANGED FROM BRIDGES CHARTER SCHOOL TO BRIDGES PUBLIC CHARTER SCHOOL. BRIDGES CHARTER WAS RENEWED BY THE DC PUBLIC CHARTER SCHOOL BOARD FOR AN ADDITIONAL 15 YEARS ON NOVEMBER 18, 2019 TO OPERATE AS A PUBLIC CHARTER SCHOOL IN THE DISTRICT OF COLUMBIA UNDER THE DC PUBLIC SCHOOL REFORM ACT OF 1995. BRIDGES PUBLIC CHARTER SCHOOL IS UNIQUE IN THE DC EDUCATION LANDSCAPE SERVING A HIGHER PERCENTAGE OF STUDENTS WITH SPECIAL NEEDS IN ONE SCHOOL BUILDING THAN ALL BUT ONE OTHER CHARTER SCHOOL IN DC (ST. COLETTA). BRIDGES PROVIDES A CONTINUUM OF INCLUSIVE LEARNING ENVIRONMENTS AND HIGH-LEVEL SPECIAL EDUCATION CLASSROOMS. THE CHARTER SCHOOL STUDENT POPULATION IS 38% STUDENTS WITH SPECIAL NEEDS, 48% ENGLISH LANGUAGE LEARNERS AND 65% STUDENTS WHO QUALIFY FOR FREE OR REDUCED LUNCH (LOW-INCOME). THE CHARTER SCHOOLS ACTIVITIES ARE FUNDED PRIMARILY BY THE DISTRICT OF COLUMBIAS PER PUPIL ALLOCATION FORMULA, SUPPLEMENTED WITH FEDERAL FUNDS ALLOCATED TO THE STATE EDUCATION AGENCY TO BE DISTRIBUTED TO SCHOOLS FOR STAFF DEVELOPMENT, SPECIAL EDUCATION SERVICES, AND OTHER ELIGIBLE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rikki Taylor Acting Chair | OfficerTrustee | 2 | $0 |
Hassan Dhouti Secretary | OfficerTrustee | 2 | $0 |
Sonya Harrison Board Member | Trustee | 2 | $0 |
Daniel Jinich - Outgoing Treasurer | OfficerTrustee | 3 | $0 |
Soumya Veerachandran - Outgoing Board Member | Trustee | 2 | $0 |
Olivia Smith President & | OfficerTrustee | 40 | $139,089 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edops Finance/data Sv | 6/29/22 | $160,275 |
Revolution Foods Inc Food Service | 6/29/22 | $183,858 |
Sterling Speech Associates Llc Educational Svc | 6/29/22 | $146,621 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,188,447 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,422 |
| Noncash contributions included in lines 1a–1f | $33,031 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,203,869 |
| Total Program Service Revenue | $11,273,517 |
| Investment income | $14 |
| 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 | $13,477,400 |
| 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. | $340,805 |
| Compensation of current officers, directors, key employees. | $36,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,109,874 |
| Pension plan accruals and contributions | $48,313 |
| Other employee benefits | $517,869 |
| Payroll taxes | $621,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,303 |
| Fees for services: Accounting | $181,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $178,186 |
| Advertising and promotion | $0 |
| Office expenses | $72,504 |
| Information technology | $146,056 |
| Royalties | $0 |
| Occupancy | $1,490,931 |
| 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 | $120,243 |
| Insurance | $44,027 |
| All other expenses | $231,264 |
| Total functional expenses | $12,914,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,544,065 |
| Savings and temporary cash investments | $32,123 |
| Pledges and grants receivable | $1,188,320 |
| Accounts receivable, net | $636,172 |
| 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 | $420,928 |
| Net Land, buildings, and equipment | $643,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,142 |
| Total assets | $12,531,859 |
| Accounts payable and accrued expenses | $851,587 |
| 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 | $239,923 |
| Total liabilities | $1,091,510 |
| Net assets without donor restrictions | $11,439,667 |
| Net assets with donor restrictions | $682 |
| 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 | $12,531,859 |