Civic Intelligence

Bridgeprep Academy Inc

EIN 27-0557724 • 501(c)3 • Miami, FL

Profile

Bridgeprep academy believes every child learns best in a safe, nurturing and stimulating environment where high academic expectations, self-esteem, good character, and an appreciation for the arts are promoted. Bridgeprep academys mission is to provide a challenging academic curriculum that will encompass an enriched spanish language program, technology and experiences that will enable students to develop in all areas. Bridgeprep academys goal is to educate well rounded individuals and enable students to reach their maximum potential.

9875 SW 72nd StreetMiami, FL 33173

www.bridgeprepacademy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.63x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

41st percentile

0.20x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

53rd percentile

5.7%

Higher net margin than 53% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

56th percentile

$142,132

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

93rd percentile

47%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2021

Revenue Growth

69th percentile

17%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2021

Assets

Up

$222,435,104

Up $104,449,577 (+89%) from 2023

Liabilities

Up

$222,021,084

Up $104,773,570 (+89%) from 2023

Net Assets

Down

$414,020

Down $323,993 (-44%) from 2023

Revenue

Up

$114,039,503

Up $57,252,775 (+101%) from 2023

Expenses

Up

$109,087,576

Up $51,385,049 (+89%) from 2023

Net Income

Up

$4,951,927

Up $5,867,726 (+641%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0-$100MAssets 2016: $2,381,279Liabilities 2016: $966,373Net Assets 2016: $1,414,9062016Assets 2017: $3,548,118Liabilities 2017: $1,136,874Net Assets 2017: $2,411,2442017Assets 2018: $5,096,214Liabilities 2018: $2,311,059Net Assets 2018: $2,785,1552018Assets 2019: $5,184,133Liabilities 2019: $3,654,160Net Assets 2019: $1,529,9732019Assets 2020: $6,072,860Liabilities 2020: $3,950,388Net Assets 2020: $2,122,4722020Assets 2021: $11,150,990Liabilities 2021: $7,013,019Net Assets 2021: $4,137,9712021Assets 2022: $110,620,259Liabilities 2022: $111,765,993Net Assets 2022: -$1,145,7342022Assets 2023: $117,985,527Liabilities 2023: $117,247,514Net Assets 2023: $738,0132023Assets 2024: $222,435,104Liabilities 2024: $222,021,084Net Assets 2024: $414,0202024

Highlighted filing

2024

Assets$222,435,104
Liabilities$222,021,084
Net Assets$414,020

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MRevenue 2016: $14,491,093Expenses 2016: $13,553,912Net Income 2016: $937,1812016Revenue 2017: $15,745,968Expenses 2017: $14,749,630Net Income 2017: $996,3382017Revenue 2018: $21,651,064Expenses 2018: $21,277,153Net Income 2018: $373,9112018Revenue 2019: $25,708,075Expenses 2019: $26,963,257Net Income 2019: -$1,255,1822019Revenue 2020: $31,209,839Expenses 2020: $30,617,340Net Income 2020: $592,4992020Revenue 2021: $35,186,838Expenses 2021: $33,171,339Net Income 2021: $2,015,4992021Revenue 2022: $41,164,985Expenses 2022: $46,448,690Net Income 2022: -$5,283,7052022Revenue 2023: $56,786,728Expenses 2023: $57,702,527Net Income 2023: -$915,7992023Revenue 2024: $114,039,503Expenses 2024: $109,087,576Net Income 2024: $4,951,9272024

Highlighted filing

2024

Revenue$114,039,503
Expenses$109,087,576
Net Income$4,951,927

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$114,039,503
Mission and Program Overview

Mission

To create a stimulating and challenging learning environment for all students.

Bridgeprep academy believes every child learns best in a safe, nurturing and stimulating environment where high academic expectations, self-esteem, good character, and an appreciation for the arts are promoted. Bridgeprep academys mission is to provide a challenging academic curriculum that will encompass an enriched spanish language program, technology and experiences that will enable students to develop in all areas. Bridgeprep academys goal is to educate well rounded individuals and enable students to reach their maximum potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,778,661$17,535,605▲ $11,756,944
Accounts Receivable$5,369,563$11,005,972▲ $5,636,409
Land, Buildings, and Equipment, Net$4,937,466$5,620,550▲ $683,084
Other Notes and Loans Receivable, Net$2,201,104--
Prepaid Expenses and Deferred Charges$239,885$789,099▲ $549,214
Total Assets$117,985,527$222,435,104▲ $104,449,577
Other Assets Total$99,458,848$187,483,878▲ $88,025,030
Liabilities
Other Liabilities$109,724,112$202,237,449▲ $92,513,337
Accounts Payable and Accrued Expenses$3,348,402$11,529,403▲ $8,181,001
Mortgage Notes Payable Secured by Investment Property$4,175,000$5,227,944▲ $1,052,944
Deferred Revenue-$3,026,288-
Total Liabilities$117,247,514$222,021,084▲ $104,773,570
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$738,013$414,020▼ $323,993
Total Net Assets Fund Balance$738,013$414,020▼ $323,993
Total Liabilities and Net Assets / Fund Balance$117,985,527$222,435,104▲ $104,449,577

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,355,532$5,524,251$6,879,783
Other Land Buildings$2,281,210$1,855,111$4,136,321
Leasehold Improvements$868,826$998,647$1,867,473
Buildings$1,114,982$376,472$1,491,454
Other Assets Org$187,483,878--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Genaro NavarroPrincipalFT$162,855$162,855
Patricia GarciaPrincipalFT$145,710$145,710
Marvin PittsPrincipalFT$138,981$138,981
Ana NataliPrincipalFT$111,148$111,148
Sara Judith Montes De OcaPrincipalFT$101,261$101,261
Antonietta DigirolamoPrincipalFT$100,637$100,637

Board Members and Trustees

NameTitle
Tom SutterfieldChair
Connie ArnoldDirector
Leah BurtonDirector
Wyatt TruscheitCFO
Ed WeismanTreasurer
Lou LofrancoVice Princip

Highest Paid Contractors

ContractorServicesLocationCompensation
Smart ManagementEdu, Service9875 SW 72ND ST, Miami, FL 33173$6,925,727
Mg3 Kendall LLCLandlord2980 NE 207TH STREET SUITE 603, Aventura, FL 33180$2,832,471
Mg3 Doral School LLCLandlord3500 NE 89TH COURT, Doral, FL 33172$2,360,751
Technology Labs LLCComputers1829 JO JOHNSTON AVENUE, Nashville, TN 37203$1,252,395
Mg3 Koa LLCLandlord2980 NE 207 STREET, Aventura, FL 33180$1,237,203
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$114,039,503
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$4,951,927

Audited Revenue Reconciliation

Revenue per Audited Statements
$114,039,503
Total Revenue per Audited Statements
$114,039,503
Total Revenue per Form 990
$114,039,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,684,556
Salaries, Compensation, and Employee Benefits$31,403,020
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$22,215,934$2,339,190-$24,555,124
Fees for Services Other$9,472,018$4,139,749-$13,611,767
Depreciation Depletion$9,946,031$1,755,182-$11,701,213
Occupancy$6,523,232$1,013,366-$7,536,598
Fees for Services Management$1,862,583$5,587,748-$7,450,331
Other Employee Benefits$3,129,054$329,611-$3,458,665
Payroll Taxes$3,004,945$316,537-$3,321,482
Other Expenses$1,375,248$242,692-$1,617,940
Insurance$673,863$118,917-$792,780
Interest$433,994$76,587-$510,581
Pension Plan Contributions$61,293$6,456-$67,749
Total Functional Expenses$92,630,819$16,456,757$0$109,087,576

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$109,087,576
Total Expenses per Audited Statements$109,087,576
Total Expenses per Form 990$109,087,576
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability$201,762,769
Due to Management Company$312,180
Other Liabilities$162,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Smart management performs the management duties of the organization.

Form 990, Page 6, Part VI, Line 11B

The directors will examine this return, including accompanying schedules and statements prior to filingthe return.

Form 990, Page 6, Part VI, Line 12C

The organization regularly and consistently monitor and enforce compliance with the policy.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bridgeprep Academy Inc
EIN
27-0557724
Phone
7866792856
Address
9875 SW 72ND STREET, MIAMI, FL 33173

Signing Officer

Name
Leah Burton
Title
Director
Phone
7866792856
Signed
2025-05-15

Organization Details

Principal Officer
Tom Sutterfield
Formed
2009
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
1,827
Volunteers
750

Preparer

Firm
Garcia Santa Maria De Armas Trujillo
Address
135 SAN LORENZO AVE STE 660, CORAL GABLES, FL 33146
Preparer
Alejandro Trujillo
Phone
3054480404
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Bridgeprep academy believes every child learns best in a safe, nurturing and stimulating environment where high academic expectations, self-esteem, good character, and an appreciation for the arts are promoted. Bridgeprep academys mission is to provide a challenging academic curriculum that will encompass an enriched spanish language program, technology and experiences that will enable students to develop in all areas. Bridgeprep academys goal is to educate well rounded individuals and enable students to reach their maximum potential.

Form 990, Page 2, Part III, Line 4A

Bridgeprep academy, inc. Is an organization that has been praised by parents for providing a challenging and nurturing environment that fosters student growth and success. They emphasize a student-centered educational philosophy with hands-on learning, engaging activities, and accommodations for various learning styles, leading to increased academic achievement. Under this organization are 21 charter schools throughout florida. A few of the organization's accomplishemnts include: challenging and engaging learning: bridgeprep academy strives to create a rigorous academic environment where students can learn essential skills while having fun. Student-centered education: they believe in a student-centered philosophy that encourages active participation and hands-on learning experiences. Nurturing environment: bridgeprep academy emphasizes a safe and stimulating environment where students can develop their self-esteem, character, and appreciation for the arts. Positive parent feedback: parents have expressed gratitude for the quality of education, the teachers, and the administrators who push students to be their best. Focus on well-rounded individuals: bridgeprep academy aims to educate well-rounded individuals who reach their full potential. Academic success: they have implemented a challenging academic curriculum, including an enriched spanish language program and technology integration, to help students succeed. Financial stability: bridgeprep academy, inc. Has provided financial support to some of its schools, such as a loan to the bridgeprep academy of miami dade.

Form 990, Part IX, Line 11G

Professional fees 9,472,018 4,139,749 0

Form 990, Part XI, Line 9

ASSUMED DEBT -5,275,920

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has adopted the provisions of asc no 740, "accounting foruncertainty in income taxes" ("asc no 740"). Asc 740 required that the impact oftax positions to be recognized in the financial statements if they are morelikely than not of being sustained upon examination. Accordingly, no provisionfor income taxes is made in the financial statements. At 6/30/23, there were nouncertain tax positions. The organization files tax returns with us federal andother tax authorities for which statue limitations may go back to the yearended 2020.

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IRS990/MissionDesc0BRIDGEPREP ACADEMY BELIEVES EVERY CHILD LEARNS BEST IN A SAFE, NURTURING AND STIMULATING ENVIRONMENT WHERE HIGH ACADEMIC EXPECTATIONS, SELF-ESTEEM, GOOD CHARACTER, AND AN APPRECIATION FOR THE ARTS ARE PROMOTED. BRIDGEPREP ACADEMYS MISSION IS TO PROVIDE A CHALLENGING ACADEMIC CURRICULUM THAT WILL ENCOMPASS AN ENRICHED SPANISH LANGUAGE PROGRAM, TECHNOLOGY AND EXPERIENCES THAT WILL ENABLE STUDENTS TO DEVELOP IN ALL AREAS. BRIDGEPREP ACADEMYS GOAL IS TO EDUCATE WELL ROUNDED INDIVIDUALS AND ENABLE STUDENTS TO REACH THEIR MAXIMUM POTENTIAL.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC NO 740, "ACCOUNTING FORUNCERTAINTY IN INCOME TAXES" ("ASC NO 740"). ASC 740 REQUIRED THAT THE IMPACT OFTAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORELIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISIONFOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AT 6/30/23, THERE WERE NOUNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS WITH US FEDERAL ANDOTHER TAX AUTHORITIES FOR WHICH STATUE LIMITATIONS MAY GO BACK TO THE YEARENDED 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0BRIDGEPREP ACADEMY ADMITS QUALIFIED STUDENTS, IRRESPECTIVE OFRACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, SEXUAL ORIENTATION ORDISABILITY. ALL STUDENTS ARE AFFORDED THE RIGHTS, PRIVILEGES,PROGRAMS AND ACTIVTIES GENERALLY ACCORDED OR MADE AVAILABLETO BRIDGEPOINT ACADEMY STUDENTS. THE SCHOOL DOES NOT DISCRIMINATEON THE BASIS OR RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, SEXUALORIENTATION OR DISABILITY IN THE ADMINISTRATION OF ITS EDUCATIONALPROGRAM, ADMISSION, FINANCIAL AID AND LOANS, ATHLETIC OR OTHERSCHOOL POLICIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRIDGEPREP ACADEMY BELIEVES EVERY CHILD LEARNS BEST IN A SAFE, NURTURING AND STIMULATING ENVIRONMENT WHERE HIGH ACADEMIC EXPECTATIONS, SELF-ESTEEM, GOOD CHARACTER, AND AN APPRECIATION FOR THE ARTS ARE PROMOTED. BRIDGEPREP ACADEMYS MISSION IS TO PROVIDE A CHALLENGING ACADEMIC CURRICULUM THAT WILL ENCOMPASS AN ENRICHED SPANISH LANGUAGE PROGRAM, TECHNOLOGY AND EXPERIENCES THAT WILL ENABLE STUDENTS TO DEVELOP IN ALL AREAS. BRIDGEPREP ACADEMYS GOAL IS TO EDUCATE WELL ROUNDED INDIVIDUALS AND ENABLE STUDENTS TO REACH THEIR MAXIMUM POTENTIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BRIDGEPREP ACADEMY, INC. IS AN ORGANIZATION THAT HAS BEEN PRAISED BY PARENTS FOR PROVIDING A CHALLENGING AND NURTURING ENVIRONMENT THAT FOSTERS STUDENT GROWTH AND SUCCESS. THEY EMPHASIZE A STUDENT-CENTERED EDUCATIONAL PHILOSOPHY WITH HANDS-ON LEARNING, ENGAGING ACTIVITIES, AND ACCOMMODATIONS FOR VARIOUS LEARNING STYLES, LEADING TO INCREASED ACADEMIC ACHIEVEMENT. UNDER THIS ORGANIZATION ARE 21 CHARTER SCHOOLS THROUGHOUT FLORIDA. A FEW OF THE ORGANIZATION'S ACCOMPLISHEMNTS INCLUDE: CHALLENGING AND ENGAGING LEARNING: BRIDGEPREP ACADEMY STRIVES TO CREATE A RIGOROUS ACADEMIC ENVIRONMENT WHERE STUDENTS CAN LEARN ESSENTIAL SKILLS WHILE HAVING FUN. STUDENT-CENTERED EDUCATION: THEY BELIEVE IN A STUDENT-CENTERED PHILOSOPHY THAT ENCOURAGES ACTIVE PARTICIPATION AND HANDS-ON LEARNING EXPERIENCES. NURTURING ENVIRONMENT: BRIDGEPREP ACADEMY EMPHASIZES A SAFE AND STIMULATING ENVIRONMENT WHERE STUDENTS CAN DEVELOP THEIR SELF-ESTEEM, CHARACTER, AND APPRECIATION FOR THE ARTS. POSITIVE PARENT FEEDBACK: PARENTS HAVE EXPRESSED GRATITUDE FOR THE QUALITY OF EDUCATION, THE TEACHERS, AND THE ADMINISTRATORS WHO PUSH STUDENTS TO BE THEIR BEST. FOCUS ON WELL-ROUNDED INDIVIDUALS: BRIDGEPREP ACADEMY AIMS TO EDUCATE WELL-ROUNDED INDIVIDUALS WHO REACH THEIR FULL POTENTIAL. ACADEMIC SUCCESS: THEY HAVE IMPLEMENTED A CHALLENGING ACADEMIC CURRICULUM, INCLUDING AN ENRICHED SPANISH LANGUAGE PROGRAM AND TECHNOLOGY INTEGRATION, TO HELP STUDENTS SUCCEED. FINANCIAL STABILITY: BRIDGEPREP ACADEMY, INC. HAS PROVIDED FINANCIAL SUPPORT TO SOME OF ITS SCHOOLS, SUCH AS A LOAN TO THE BRIDGEPREP ACADEMY OF MIAMI DADE.

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