Bridge Preparatory Charter School
- Assets
- $6.9m
- Revenue
- $7.5m
- Investments
- $1.3m
- Employees
- 46
- Location
- Staten Island, NY
- Founding
- 08/2019
- Data as of
- 06/2023
- EIN
- 83-1323754
Organization Overview
Bridge Preparatory Charter School is located in Staten Island, NY. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Bridge Preparatory Charter School employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Preparatory 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 06/2023, Bridge Preparatory Charter School generated $7.5m in total revenue. All expenses for the organization totaled $5.2m during the year ending 06/2023. While expenses have increased by 89.1% 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
BPCS PROVIDES STUDENTS AND FAMILIES WHO NEED OUR STRUCTURED, MULTI SENSORY PROGRAMMING, WITH A FREE, PUBLIC SCHOOL OPTION IN THEIR COMMUNITY AND PREVENTS THEM FROM BEING FORCED TO LEAVE STATEN ISLAND OR NYC TO FIND A SCHOOL THAT MEETS THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OBRIDGE PREP EXISTS SO ALL STUDENTS WITH DYSLEXIA AND THEIR FAMILIES HAVE A PUBLIC SCHOOL OPTION THAT MEETS THEIR NEEDS WITHIN THEIR COMMUNITY.LITERACY SERVES AS THE FOUNDATION UPON WHICH ALL LEARNING IS BASED, YET DATA SHOWS THAT STUDENTS ACROSS THE COUNTRY CONTINUE TO STRUGGLE WITH LITERACY. RESEARCH SHOWS THAT ROUGHLY 20% OF THE SCHOOL-AGED POPULATION HAS A LANGUAGE-BASED LEARNING DISABILITY. WE BELIEVE THAT WITH PROPER INSTRUCTIONAL INTERVENTIONS AND AN APPROPRIATE ACADEMIC ENVIRONMENT, ALL STUDENTS CAN LEARN TO READ AND WRITE PROFICIENTLY. AT BRIDGE PREP, ALL STUDENTS WILL BENEFIT FROM OUR STRUCTURED LITERACY APPROACH AND A MULTISENSORY CURRICULUM, PARTICULARLY STUDENTS WITH DYSLEXIA AND OTHER READING RELATED DISABILITIES, AND ENGLISH LANGUAGE LEARNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Castanza Executive Director | Officer | 40 | $134,119 |
Christine Volpe Dtl | Officer | 40 | $128,317 |
Fahron Ebanks Doo | Officer | 40 | $117,156 |
Laurel Wedinger-Gyimesi Board Chair | OfficerTrustee | 10 | $0 |
Mark Harmon Vaught Vice Chair | OfficerTrustee | 10 | $0 |
George Winn Treasurer | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Literacy For Life Professional Development | 6/29/23 | $112,000 |
Sundog Theatre Arts Programming | 6/29/23 | $100,571 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,255,979 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,372,213 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $7,452,271 |
| 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. | $416,752 |
| Compensation of current officers, directors, key employees. | $138,623 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,965,477 |
| Pension plan accruals and contributions | $60,309 |
| Other employee benefits | $216,933 |
| Payroll taxes | $338,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,604 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $226,662 |
| Advertising and promotion | $0 |
| Office expenses | $95,962 |
| Information technology | $33,064 |
| 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 | $105,357 |
| Insurance | $40,221 |
| All other expenses | $15,558 |
| Total functional expenses | $5,248,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,016,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $311,291 |
| 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 | $291,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,254,682 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,873,752 |
| Accounts payable and accrued expenses | $514,849 |
| Grants payable | $0 |
| Deferred revenue | $4,571 |
| 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 | $0 |
| Total liabilities | $519,420 |
| Net assets without donor restrictions | $6,354,332 |
| 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 | $6,873,752 |