Civic Intelligence

Bridgeprep Academy Inc.

990 • Fiscal year 2019 • EIN 27-0557724

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 14, 2020

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

82nd percentile

0.70x

Higher debt load relative to assets than 82% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

32nd percentile

0.14x

Higher debt load relative to revenue than 32% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

22nd percentile

-4.9%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

20th percentile

$143,861

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

39th percentile

1.7%

Faster asset growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

19%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$5,184,133

Up $87,919 (+1.7%) from 2018

Net Assets

Down

$1,529,973

Down $1,255,182 (-45%) from 2018

Liabilities

Up

$3,654,160

Up $1,343,101 (+58%) from 2018

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin22nd percentile

Revenue

Up

$25,708,075

Up $4,057,011 (+19%) from 2018

Expenses

Up

$26,963,257

Up $5,686,104 (+27%) from 2018

Net Income

Down

-$1,255,182

Down $1,629,093 (-436%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2019

Assets$5,184,133
Liabilities$3,654,160
Net Assets$1,529,973
Open 2019 Filing

Operations Trend

Revenue Growth80th 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

2019

Revenue$25,708,075
Expenses$26,963,257
Net Income-$1,255,182
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 14, 2020
Return Version
2018v3.2
Gross Receipts
$25,708,075
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$3,308,534$2,411,463▼ $897,071
Land, Buildings, and Equipment, Net$942,805$1,771,346▲ $828,541
Other Notes and Loans Receivable, Net$554,809$407,965▼ $146,844
Prepaid Expenses and Deferred Charges$219,748$355,991▲ $136,243
Accounts Receivable$70,318$237,368▲ $167,050
Total Assets$5,096,214$5,184,133▲ $87,919
Liabilities
Accounts Payable and Accrued Expenses$1,326,673$1,767,084▲ $440,411
Mortgage Notes Payable Secured by Investment Property$984,386$1,670,860▲ $686,474
Other Liabilities$0$216,216▲ $216,216
Total Liabilities$2,311,059$3,654,160▲ $1,343,101
Net Assets / Fund Balance
Unrestricted Net Assets$2,785,155$1,469,427▼ $1,315,728
Temporarily Rstr Net Assets-$60,546-
Total Net Assets Fund Balance$2,785,155$1,529,973▼ $1,255,182
Total Liabilities and Net Assets / Fund Balance$5,096,214$5,184,133▲ $87,919

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$809,464$1,894,328$2,703,792
Leasehold Improvements$961,882$126,592$1,088,474
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Patty GarciaPrincipalFT$143,861$143,861
Darliny KateExecutive CuuriculumFT$120,466$120,466

Board Members and Trustees

NameTitle
Luis NecuzeChair
Jessica JewittMember
Ronald MerceloMember
Lou LofrancoSecretary
Yeneir Rodriguez-padronTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Smart ManagementEdu. Service7990 SW 117 AVE 210, Miami, FL 33183$1,901,657
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$25,443,376
Investment Income
$32,809
Other Revenue
$231,890
Change in Net Assets
$-1,255,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,434,182
Other Expenses$12,529,075
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,378,707$713,678-$13,092,385
Occupancy$2,869,409$506,367-$3,375,776
Fees for Services Other$1,753,960$805,217-$2,559,177
Fees for Services Management$475,413$1,426,244-$1,901,657
Office Expenses$1,510,422--$1,510,422
Payroll Taxes$744,828$54,596-$799,424
Depreciation Depletion$584,987$103,232-$688,219
Other Expenses$486,066$85,775-$571,841
Other Employee Benefits$370,181$138,911-$509,092
Insurance$201,072$35,483-$236,555
Interest$86,546$49,067-$135,613
Pension Plan Contributions$24,961$8,320-$33,281
Total Functional Expenses$22,934,692$4,028,565$0$26,963,257
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
Due to Management Company$216,216
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Smart management performs the management duties of the organization.”

Form 990, Part VI, Section B, Line 11B

“The directors will examine this return, including accompanying schedules and statements prior to filing the return.”

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section C, 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
Yeneir Rodriguez Padron
Title
Treasurer
Phone
3052713109
Signed
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Luis Necuze
Formed
2009
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
717
Volunteers
700

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

PART X, LINE 2:

“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 6/30/19, 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 2016.”

Raw XML Appendix396 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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01894328
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0216216
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MANAGEMENT COMPANY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 6/30/19, 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 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt0216216
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
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 OR 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, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
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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, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalProgramServiceRevenueAmt025443376
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ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0YENEIR RODRIGUEZ PADRON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03052713109
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BRIDGEPREP ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0BRID
ReturnHeader/Filer/EIN0270557724
ReturnHeader/Filer/PhoneNum03052713109
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ReturnHeader/FilingSecurityInformation/IPDt02020-07-14
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ReturnHeader/FilingSecurityInformation/IPTm013:25:38
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/PreparationDt02020-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALEJANDRO TRUJILLO
ReturnHeader/ReturnTs02020-07-14T12:48:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,184,133
Liabilities
$3,654,160
Net assets
$1,529,973
Revenue
$25,708,075
Expenses
$26,963,257
Net income
-$1,255,182
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