Civic Intelligence

Bridgeprep Academy Inc.

990 • Fiscal year 2017 • EIN 27-0557724

Jul 01, 2016 to Jun 30, 2017 • Filed on May 07, 2018

Organization ProfileWWW.BRIDGEPREPACADEMY.COM
10700 Southwest 56 StreetMiami, FL 33165

(305) 271-3109

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.32x

Higher debt load relative to assets than 60% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

22nd percentile

0.07x

Higher debt load relative to revenue than 22% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

60th percentile

6.3%

Higher net margin than 60% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

32nd percentile

$125,592

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

94th percentile

49%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

60th percentile

8.7%

Faster revenue growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$3,548,118

Up $1,166,839 (+49%) from 2016

Net Assets

Up

$2,411,244

Up $996,338 (+70%) from 2016

Liabilities

Up

$1,136,874

Up $170,501 (+18%) from 2016

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin60th percentile

Revenue

Up

$15,745,968

Up $1,254,875 (+8.7%) from 2016

Expenses

Up

$14,749,630

Up $1,195,718 (+8.8%) from 2016

Net Income

Up

$996,338

Up $59,157 (+6.3%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2017

Assets$3,548,118
Liabilities$1,136,874
Net Assets$2,411,244
Open 2017 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$15,745,968
Expenses$14,749,630
Net Income$996,338
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 7, 2018
Return Version
2016v3.1
Gross Receipts
$15,745,968
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,292,899$2,527,303▲ $1,234,404
Land, Buildings, and Equipment, Net$611,815$665,083▲ $53,268
Prepaid Expenses and Deferred Charges$170,424$298,323▲ $127,899
Accounts Receivable$49,910$8,040▼ $41,870
Total Assets$2,381,279$3,548,118▲ $1,166,839
Other Assets Total$256,231$49,369▼ $206,862
Liabilities
Other Liabilities$917,780$1,095,975▲ $178,195
Accounts Payable and Accrued Expenses$48,593$40,899▼ $7,694
Total Liabilities$966,373$1,136,874▲ $170,501
Net Assets / Fund Balance
Unrestricted Net Assets$1,414,906$2,383,429▲ $968,523
Temporarily Rstr Net Assets-$27,815-
Total Net Assets Fund Balance$1,414,906$2,411,244▲ $996,338
Total Liabilities and Net Assets / Fund Balance$2,381,279$3,548,118▲ $1,166,839

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$646,212$992,000$1,638,212
Leasehold Improvements$18,871$87,880$106,751
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Patty GarciaPrincipalFT$125,592$125,592

Board Members and Trustees

NameTitle
Luis NecuzeChair
Jessica JewittMember
Lou LofrancoSecretary
Yeneir Rodriguez-padronTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Smart ManagementEdu. Service7990 SW 117 AVE 210, Miami, FL 33183$1,308,763
Revenue and Support

Revenue Composition

Contributions and Grants
$15,180,816
Program Service Revenue
$399,776
Investment Income
$0
Other Revenue
$165,376
Change in Net Assets
$996,338

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,745,968
Total Revenue per Audited Statements
$15,745,968
Total Revenue per Form 990
$15,745,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,313,875
Other Expenses$5,435,755
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,664,680$258,386-$7,923,066
Occupancy$2,211,610$390,284-$2,601,894
Fees for Services Management$1,112,066$196,247-$1,308,313
Payroll Taxes$846,678$28,599-$875,277
Other Employee Benefits$500,062$15,470-$515,532
Depreciation Depletion$218,562$38,570-$257,132
Office Expenses$205,572$36,277-$241,849
Other Expenses$227,380$310,322-$227,380
Fees for Services Other-$93,779-$93,779
Total Functional Expenses$13,381,696$1,367,934$0$14,749,630

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,749,630
Total Expenses per Audited Statements$14,749,630
Total Expenses per Form 990$14,749,630
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
Wages Payable$1,061,965
Due to Other Agencies and Management$34,010
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 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 filing the 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
3052713109
Address
10700 SOUTHWEST 56 STREET, MIAMI, FL 33165

Signing Officer

Name
Luis Necuze
Title
Chair
Phone
3052713109
Signed
2018-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Luis Necuze
Formed
2009
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
348
Volunteers
500

Preparer

Firm
Verdeja De Armas & Trujillo Llp
Address
255 ALHAMBRA CIR STE 560, CORAL GABLES, FL 33134-7417
Preparer
Alejandro Trujillo
Phone
3054463177
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has adopted the provisions of asc no 740, "accounting for uncertainty in income taxes" ("asc no 740"). Asc 740 required that the impact of tax positions to be recognized in the financial statements if they are more likely than not of being sustained upon examination. Accordingly, no provision for income taxes is made in the financial statements. At 6/30/17, there were no uncertain tax positions. The organization files tax returns with us federal and other tax authorities for which statue limitations may go back to the year ended 2014.”

Raw XML Appendix357 raw XML fields

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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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0BRIDGEPREP ACADEMY ADMITS QUALIFIED STUDENTS, IRRESPECTIVE OF RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, SEXUAL ORIENTATION OR DISABILITY. ALL STUDENTS ARE AFFORDED THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO BRIDGEPOINT ACADEMY STUDENTS. THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, SEXUAL ORIENTATION OR DISABILITY IN THE ADMINISTRATION OF ITS EDUCATIONAL PROGRAM, ADMISSION, FINANCIAL AID AND LOANS, ATHLETIC OR OTHER SCHOOL POLICIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SMART MANAGEMENT PERFORMS THE MANAGEMENT DUTIES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS WILL EXAMINE THIS RETURN, INCLUDING ACCOMPANYING SCHEDULES AND STATEMENTS PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt015745968
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IRS990/USAddress/CityNm0MIAMI
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IRS990/USAddress/ZIPCd033165
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.BRIDGEPREPACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LUIS NECUZE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03052713109
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BRIDGEPREP ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0BRID
ReturnHeader/Filer/EIN0270557724
ReturnHeader/Filer/PhoneNum03052713109
ReturnHeader/Filer/USAddress/AddressLine1Txt010700 SOUTHWEST 56 STREET
ReturnHeader/Filer/USAddress/CityNm0MIAMI
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09511B9B3C6F4D04108C418949DB653FE92D68009
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09511B9B3C6F4D04108C418949DB653FE92D68009
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204989621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VERDEJA DE ARMAS & TRUJILLO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0255 ALHAMBRA CIR STE 560
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0331347417
ReturnHeader/PreparerPersonGrp/PhoneNum03054463177
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALEJANDRO TRUJILLO
ReturnHeader/ReturnTs02018-05-14T17:09:50-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,548,118
Liabilities
$1,136,874
Net assets
$2,411,244
Revenue
$15,745,968
Expenses
$14,749,630
Net income
$996,338
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$222$222$0.41$114$109$4.95
2023Detailed filing. Detailed filing data is available for this year.$118$117$0.74$56.8$57.7$0.92
2022Detailed filing. Detailed filing data is available for this year.$111$112$1.15$41.2$46.4$5.28
2021Detailed filing. Detailed filing data is available for this year.$11.2$7.01$4.14$35.2$33.2$2.02
2020Detailed filing. Detailed filing data is available for this year.$6.07$3.95$2.12$31.2$30.6$0.59
2019Detailed filing. Detailed filing data is available for this year.$5.18$3.65$1.53$25.7$27.0$1.26
2018Detailed filing. Detailed filing data is available for this year.$5.10$2.31$2.79$21.7$21.3$0.37
2017Detailed filing. Detailed filing data is available for this year.$3.55$1.14$2.41$15.7$14.7$1.00
2016Detailed filing. Detailed filing data is available for this year.$2.38$0.97$1.41$14.5$13.6$0.94