Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
Liabilities / Revenue
41st percentile
Higher debt load relative to revenue than 41% of similar nonprofits.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
56th percentile
Higher top officer pay than 56% of similar nonprofits.
Top officer pay equals 0.4% of source-year revenue.
Asset Growth
93rd percentile
Faster asset growth than 93% of similar nonprofits.
Revenue Growth
69th percentile
Faster revenue growth than 69% of similar nonprofits.
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
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| 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 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Genaro Navarro | Principal | FT | $162,855 | $162,855 |
| Patricia Garcia | Principal | FT | $145,710 | $145,710 |
| Marvin Pitts | Principal | FT | $138,981 | $138,981 |
| Ana Natali | Principal | FT | $111,148 | $111,148 |
| Sara Judith Montes De Oca | Principal | FT | $101,261 | $101,261 |
| Antonietta Digirolamo | Principal | FT | $100,637 | $100,637 |
| Name | Title |
|---|---|
| Tom Sutterfield | Chair |
| Connie Arnold | Director |
| Leah Burton | Director |
| Wyatt Truscheit | CFO |
| Ed Weisman | Treasurer |
| Lou Lofranco | Vice Princip |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Smart Management | Edu, Service | 9875 SW 72ND ST, Miami, FL 33173 | $6,925,727 |
| Mg3 Kendall LLC | Landlord | 2980 NE 207TH STREET SUITE 603, Aventura, FL 33180 | $2,832,471 |
| Mg3 Doral School LLC | Landlord | 3500 NE 89TH COURT, Doral, FL 33172 | $2,360,751 |
| Technology Labs LLC | Computers | 1829 JO JOHNSTON AVENUE, Nashville, TN 37203 | $1,252,395 |
| Mg3 Koa LLC | Landlord | 2980 NE 207 STREET, Aventura, FL 33180 | $1,237,203 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $109,087,576 |
| Total Expenses per Audited Statements | $109,087,576 |
| Total Expenses per Form 990 | $109,087,576 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Right of Use Liability | $201,762,769 |
| Due to Management Company | $312,180 |
| Other Liabilities | $162,500 |
“Smart management performs the management duties of the organization.”
“The directors will examine this return, including accompanying schedules and statements prior to filingthe return.”
“The organization regularly and consistently monitor and enforce compliance with the policy.”
“The governing documents are made available to the public upon request.”
“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.”
“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.”
“Professional fees 9,472,018 4,139,749 0”
“ASSUMED DEBT -5,275,920”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 11005972 |
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| IRS990/ActivityOrMissionDesc | 0 | 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. |
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| IRS990/Desc | 0 | 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. |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CONNIE ARNOLD |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | PRINCIPAL |
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| IRS990/MissionDesc | 0 | 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. |
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| IRS990/OtherExpensesGrp/Desc | 3 | REPAIR AND MAINTENANCE |
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| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 109087576 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | RIGHT OF USE ASSETS |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 162500 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | RIGHT OF USE LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DUE TO MANAGEMENT COMPANY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | OTHER LIABILITIES |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | BRIDGEPREP 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/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
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