Civic Intelligence

Sunbridge Schools

990 • Fiscal year 2020 • EIN 45-4667676

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 30, 2021

2729 124th StreetToledo, OH 43611

(419) 725-5437

Siviq Scores

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

Liabilities / Assets

99th percentile

4.11x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

1.56x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

4th percentile

-21%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

40th percentile

-4.5%

Faster revenue growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,333,978

Down $344,805 (-21%) from 2019

Net Assets

Down

-$4,147,846

Down $378,046 (-10%) from 2019

Liabilities

Up

$5,481,824

Up $33,241 (+0.6%) from 2019

Revenue

Down

$3,514,180

Down $165,231 (-4.5%) from 2019

Expenses

Down

$3,892,226

Down $36,505 (-0.9%) from 2019

Net Income

Down

-$378,046

Down $128,726 (-52%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2013: $273,279Liabilities 2013: $343,923Net Assets 2013: -$70,6442013Assets 2014: $197,323Liabilities 2014: $479,494Net Assets 2014: -$282,1712014Assets 2015: $1,474,662Liabilities 2015: $3,525,211Net Assets 2015: -$2,050,5492015Assets 2016: $1,876,716Liabilities 2016: $4,539,938Net Assets 2016: -$2,663,2222016Assets 2017: $2,000,322Liabilities 2017: $5,209,258Net Assets 2017: -$3,208,9362017Assets 2018: $1,727,884Liabilities 2018: $5,248,364Net Assets 2018: -$3,520,4802018Assets 2019: $1,678,783Liabilities 2019: $5,448,583Net Assets 2019: -$3,769,8002019Assets 2020: $1,333,978Liabilities 2020: $5,481,824Net Assets 2020: -$4,147,8462020Assets 2021: $1,453,343Liabilities 2021: $5,352,591Net Assets 2021: -$3,899,2482021Assets 2022: $2,855,626Liabilities 2022: $5,991,190Net Assets 2022: -$3,135,5642022Assets 2023: $3,257,128Liabilities 2023: $5,899,037Net Assets 2023: -$2,641,9092023Assets 2025: $3,536,382Liabilities 2025: $5,310,340Net Assets 2025: -$1,773,9582025

Highlighted filing

2020

Assets$1,333,978
Liabilities$5,481,824
Net Assets-$4,147,846

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,120,145Expenses 2013: $1,190,789Net Income 2013: -$70,6442013Revenue 2014: $1,806,470Expenses 2014: $2,072,687Net Income 2014: -$266,2172014Revenue 2015: $2,578,331Expenses 2015: $3,410,328Net Income 2015: -$831,9972015Revenue 2016: $2,877,606Expenses 2016: $3,490,279Net Income 2016: -$612,6732016Revenue 2017: $3,297,060Expenses 2017: $3,842,774Net Income 2017: -$545,7142017Revenue 2018: $3,394,982Expenses 2018: $2,837,715Net Income 2018: $557,2672018Revenue 2019: $3,679,411Expenses 2019: $3,928,731Net Income 2019: -$249,3202019Revenue 2020: $3,514,180Expenses 2020: $3,892,226Net Income 2020: -$378,0462020Revenue 2021: $3,728,694Expenses 2021: $3,480,096Net Income 2021: $248,5982021Revenue 2022: $4,388,530Expenses 2022: $3,624,846Net Income 2022: $763,6842022Revenue 2023: $4,395,710Expenses 2023: $3,902,055Net Income 2023: $493,6552023Revenue 2025: $4,103,117Expenses 2025: $3,907,509Net Income 2025: $195,6082025

Highlighted filing

2020

Revenue$3,514,180
Expenses$3,892,226
Net Income-$378,046
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 30, 2021
Return Version
2019v5.0
Gross Receipts
$3,514,180
Mission and Program Overview

Mission

Providing educational services to K-8 students.

Commitment to offering children in under-served areas the educational opportunities they need to reach their full potential by preparing them to graduate from high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$32,115$150,984▲ $118,869
Pledges and Grants Receivable$30,032$39,946▲ $9,914
Land, Buildings, and Equipment, Net$21,891$26,933▲ $5,042
Prepaid Expenses and Deferred Charges$23,021$9,213▼ $13,808
Total Assets$1,678,783$1,333,978▼ $344,805
Other Assets Total$1,571,724$1,106,902▼ $464,822
Liabilities
Other Liabilities$4,288,756$4,354,098▲ $65,342
Accounts Payable and Accrued Expenses$228,859$734,768▲ $505,909
Unsecured Notes Loans Payable$930,968$392,958▼ $538,010
Total Liabilities$5,448,583$5,481,824▲ $33,241
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-3,769,800$-4,147,846▼ $378,046
Total Net Assets Fund Balance$-3,769,800$-4,147,846▼ $378,046
Total Liabilities and Net Assets / Fund Balance$1,678,783$1,333,978▼ $344,805

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$83,938$0
Land$0-$0
Equipment$17,974$80,326$0
Leasehold Improvements$8,959$73,041$0
Other Assets Org$209,903--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joe BrakerBoard President
Greg GuzmanBoard Member
Jennifer NietzBoard Member
Jim WiegandBoard Member
John PayakBoard Member
Lisa GathardBoard Member
Steve MitchellBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Aramark Correctional ServicesFood Services900 Rock Rd, Fort Pierce, FL 34945$167,324
Revenue and Support

Revenue Composition

Contributions and Grants
$3,514,180
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,514,180
Change in Net Assets
$-378,046

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,514,180
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,514,180
Total Revenue per Form 990
$3,514,180
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,725,379
Other Expenses$1,166,847
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,723,266--$1,723,266
Other Employee Benefits$1,002,113--$1,002,113
Other Expenses$329,923$0$0$329,923
Occupancy$322,176--$322,176
Interest$106,787--$106,787
Fees for Services Other$65,683--$65,683
All Other Expenses$58,277--$58,277
Insurance$38,970--$38,970
Fees for Services Accounting$37,199--$37,199
Depreciation Depletion$14,460--$14,460
Fees for Services Legal$10,552--$10,552
Advertising$837--$837
Total Functional Expenses$3,892,226$0$0$3,892,226

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,892,226
Total Expenses per Audited Statements$3,892,226
Total Expenses per Form 990$3,892,226
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Net Pension Liability$3,269,253
Net OPEB Liability$540,300
Deferred Inflows of Resources - OPEB$334,537
Deferred Inflows of Resources - Pension$210,008
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
No

Governance Explanations

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

The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, the return is signed and submitted by the fiscal officer.

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

The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Sunbridge Schools
EIN
45-4667676
Phone
4197255437
Address
2729 124th Street, Toledo, OH 43611
Doing Business As
SunBridge Schools

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2021-04-30

Organization Details

Principal Officer
C Davdi Massa
Formed
2012
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
77
Volunteers
0
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03679411
IRS990/ReconcilationRevenueExpnssAmt0-378046
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03514180
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt017974
IRS990ScheduleD/EquipmentGrp/DepreciationAmt080326
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt098300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03892226
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08959
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt073041
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt082000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0146339
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1750660
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2209903
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows of Resources - OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt083938
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt083938
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03269253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1540300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2210008
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3334537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - OPEB
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03514180
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026933
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01106902
IRS990ScheduleD/TotalExpensesPerForm990Amt03892226
IRS990ScheduleD/TotalLiabilityAmt04354098
IRS990ScheduleD/TotalRevenuePerForm990Amt03514180
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03514180
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03892226
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school provides a parent student handbook that describes their policies regarding discrimination, as well as, any literature that is sent to the public includes a statement about such policies.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school is a community school in Ohio and does not provide scholarships or financial assistance as a free public school.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, the return is signed and submitted by the fiscal officer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01678783
IRS990/TotalAssetsEOYAmt01333978
IRS990/TotalAssetsGrp/BOYAmt01678783
IRS990/TotalAssetsGrp/EOYAmt01333978
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03514180
IRS990/TotalEmployeeCnt077
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03892226
IRS990/TotalFunctionalExpensesGrp/TotalAmt03892226
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05448583
IRS990/TotalLiabilitiesEOYAmt05481824
IRS990/TotalLiabilitiesGrp/BOYAmt05448583
IRS990/TotalLiabilitiesGrp/EOYAmt05481824
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3769800
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4147846
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt03892226
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03514180
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$5.31$1.77$4.10$3.91$0.20
2023Summary only. Only limited summary data is available for this year.$3.26$5.90$2.64$4.40$3.90$0.49
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$5.99$3.14$4.39$3.62$0.76
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$5.35$3.90$3.73$3.48$0.25
2020Detailed filing. Detailed filing data is available for this year.$1.33$5.48$4.15$3.51$3.89$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$5.45$3.77$3.68$3.93$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$5.25$3.52$3.39$2.84$0.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$5.21$3.21$3.30$3.84$0.55
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$4.54$2.66$2.88$3.49$0.61
2015Detailed filing. Detailed filing data is available for this year.$1.47$3.53$2.05$2.58$3.41$0.83
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.48$0.28$1.81$2.07$0.27
2013Summary only. Only limited summary data is available for this year.$0.27$0.34$0.07$1.12$1.19$0.07