Bridgewood Farms Inc
- Assets
- $1.7m
- Revenue
- $860.8k
- Investments
- $0.0
- Employees
- 28
- Location
- Conroe, TX
- Founding
- 01/1973
- Data as of
- 08/2023
- EIN
- 74-1595096
Organization Overview
Bridgewood Farms Inc is located in Conroe, TX. The organization was established in 1973. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2023, Bridgewood Farms Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgewood Farms 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 08/2023, Bridgewood Farms Inc generated $860.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $985.9k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ASSISTANCE TO THOSE WITH MENTAL OR PHYSICAL HANDICAPS WHICH PREVENT THEM FROM LIVING COMFORTABLY IN SOCIETY ON THEIR OWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING
ADVOCACY - CERAMICS - ADULT BASIC EDUCATION - RESPITE - HORTICULTURE SOCIAL AND RECREATION - TRANSPORTATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Doleman Executive Director | Officer | 40 | $71,601 |
Shawn Cannon Chairman | Officer | 5 | $0 |
Dan O'hare Vice Chairman | Officer | 5 | $0 |
Deb Stein Treasurer | Officer | 5 | $0 |
Debbie Walters Secretary | Officer | 5 | $0 |
Tanner Michael Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,429 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,625 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,170 |
| Total Program Service Revenue | $619,774 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,000 |
| Net Income from Fundraising Events | $48,213 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $745 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $860,765 |
| 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. | $41,347 |
| Compensation of current officers, directors, key employees. | $20,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $504,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,741 |
| Payroll taxes | $47,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,920 |
| Advertising and promotion | $0 |
| Office expenses | $13,061 |
| Information technology | $20,980 |
| Royalties | $0 |
| Occupancy | $132,558 |
| Travel | $5,080 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,366 |
| Insurance | $48,775 |
| All other expenses | $5,604 |
| Total functional expenses | $985,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,610 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,888 |
| 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 | $1,374,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,675,049 |
| Accounts payable and accrued expenses | $14,672 |
| Grants payable | $0 |
| Deferred revenue | $20,610 |
| 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 | $142,218 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $177,500 |
| Net assets without donor restrictions | $1,449,922 |
| Net assets with donor restrictions | $47,627 |
| 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 | $1,675,049 |