Civic Intelligence

Bridges Preparatory School

990 • Fiscal year 2021 • EIN 46-0847332

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

555 Robert Smalls ParkwayBeaufort, SC 29906

(843) 982-7737

Siviq Scores

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

Liabilities / Assets

89th percentile

0.84x

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

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

Liabilities / Revenue

90th percentile

2.60x

Higher debt load relative to revenue than 90% of similar nonprofits.

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

Net Margin

56th percentile

15%

Higher net margin than 56% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$147,310

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

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

Asset Growth

86th percentile

34%

Faster asset growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

54%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$36,060,000

Up $9,247,667 (+34%) from 2020

Net Assets

Up

$5,723,068

Up $1,742,593 (+44%) from 2020

Liabilities

Up

$30,336,932

Up $7,505,074 (+33%) from 2020

Revenue

Up

$11,675,095

Up $4,070,985 (+54%) from 2020

Expenses

Up

$9,932,502

Up $2,235,153 (+29%) from 2020

Net Income

Up

$1,742,593

Up $1,835,832 (+1969%) from 2020

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2014: $644,904Liabilities 2014: $91,064Net Assets 2014: $553,8402014Assets 2015: $2,368,490Liabilities 2015: $1,240,194Net Assets 2015: $1,128,2962015Assets 2016: $2,728,488Liabilities 2016: $1,102,273Net Assets 2016: $1,626,2152016Assets 2017: $3,796,749Liabilities 2017: $1,095,600Net Assets 2017: $2,701,1492017Assets 2018: $5,778,063Liabilities 2018: $2,231,304Net Assets 2018: $3,546,7592018Assets 2020: $26,812,333Liabilities 2020: $22,831,858Net Assets 2020: $3,980,4752020Assets 2021: $36,060,000Liabilities 2021: $30,336,932Net Assets 2021: $5,723,0682021Assets 2022: $41,804,496Liabilities 2022: $34,325,219Net Assets 2022: $7,479,2772022Assets 2024: $50,920,458Liabilities 2024: $43,250,134Net Assets 2024: $7,670,3242024Assets 2025: $52,617,783Liabilities 2025: $45,164,781Net Assets 2025: $7,453,0022025

Highlighted filing

2021

Assets$36,060,000
Liabilities$30,336,932
Net Assets$5,723,068

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $2,977,216Expenses 2014: $2,397,080Net Income 2014: $580,1362014Revenue 2015: $3,899,388Expenses 2015: $3,324,932Net Income 2015: $574,4562015Revenue 2016: $4,268,691Expenses 2016: $3,770,772Net Income 2016: $497,9192016Revenue 2017: $5,219,268Expenses 2017: $4,144,334Net Income 2017: $1,074,9342017Revenue 2018: $5,983,141Expenses 2018: $5,137,531Net Income 2018: $845,6102018Revenue 2020: $7,604,110Expenses 2020: $7,697,349Net Income 2020: -$93,2392020Revenue 2021: $11,675,095Expenses 2021: $9,932,502Net Income 2021: $1,742,5932021Revenue 2022: $13,934,070Expenses 2022: $12,177,860Net Income 2022: $1,756,2102022Revenue 2024: $16,857,073Expenses 2024: $16,669,840Net Income 2024: $187,2332024Revenue 2025: $18,566,412Expenses 2025: $18,783,734Net Income 2025: -$217,3222025

Highlighted filing

2021

Revenue$11,675,095
Expenses$9,932,502
Net Income$1,742,593
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$11,709,987
Mission and Program Overview

Mission

The bridges preparatory school mission is to provide students equal access to a high quality k-12 whole child education that maximizes academic excellence and strength of character in a student-centered learning environment created by a faculty of lifelong learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,066,305$29,399,586▲ $7,333,281
Cash and Non-Interest-Bearing Accounts$4,690,128$6,281,784▲ $1,591,656
Cap Stk Tr Prin Current Funds$3,980,475$5,723,068▲ $1,742,593
Pledges and Grants Receivable$1,200$314,977▲ $313,777
Prepaid Expenses and Deferred Charges$25,295$63,653▲ $38,358
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$26,812,333$36,060,000▲ $9,247,667
Other Assets Total$29,405--
Liabilities
Mortgage Notes Payable Secured by Investment Property$21,268,103$29,150,496▲ $7,882,393
Accounts Payable and Accrued Expenses$718,720$1,160,864▲ $442,144
Unsecured Notes Loans Payable$796,800--
Other Liabilities$47,984$15,508▼ $32,476
Deferred Revenue$251$9,961▲ $9,710
Grants Payable-$103-
Total Liabilities$22,831,858$30,336,932▲ $7,505,074
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,980,475$5,723,068▲ $1,742,593
Total Liabilities and Net Assets / Fund Balance$26,812,333$36,060,000▲ $9,247,667

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,389,671$862,955$19,252,626
Other Land Buildings$9,603,975-$9,603,975
Land$1,134,600-$1,134,600
Leasehold Improvements$146,976$547,846$694,822
Equipment$124,364$141,542$265,906
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary MccullochHead of SchoolFT$131,368$15,942$147,310

Board Members and Trustees

NameTitle
Tom AngeloBoard Chair
Bryan MerrickMember
David GaultMember
Gordon SproulMember
Joe CooperMember
Mark RennixMember
Jonathan BrownSecretary
Chris KetchieTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Alpha JanitorialJanitorial Services35 CAPITAL DR STE C, Hilton Head, SC 29926$211,530
Revenue and Support

Revenue Composition

Contributions and Grants
$11,303,885
Program Service Revenue
$220,571
Investment Income
$2,423
Other Revenue
$148,216
All Other Contributions
$45,013
Change in Net Assets
$1,742,593

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,675,095
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$34,893
Total Revenue per Audited Statements
$11,709,988
Total Revenue per Form 990
$11,675,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,221,910
Other Expenses$3,710,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,336,192$596,909-$4,933,101
Interest$603,645$215,587-$819,232
Occupancy$564,523$201,615-$766,138
Other Employee Benefits$575,012$70,620-$645,632
Depreciation Depletion$416,991$136,060-$553,051
Payroll Taxes$333,461$67,383-$400,844
Fees for Services Other-$195,007-$195,007
Current Officers, Directors, Trustees, and Key Employees-$131,368-$131,368
Pension Plan Contributions$87,169$23,796-$110,965
Insurance-$23,163-$23,163
Information Technology-$14,180-$14,180
Other Expenses$255,284$12,533-$12,533
Fees for Services Accounting-$11,000-$11,000
Advertising-$5,000-$5,000
Fees for Services Legal-$3,588-$3,588
Travel-$225-$225
Total Functional Expenses$7,985,153$1,947,349$0$9,932,502

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,967,396
Expenses per Audited Statements$9,932,502
Total Expenses per Form 990$9,932,502
Expenses Not Reported on Form 990$34,894
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$76,511
Fundraising Direct Expenses$34,892
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Boosterthon$76,511$76,511$29,502$47,009
Total Events$76,511$76,511$34,892$41,619
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Compensated Absences$15,508
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
Yes
Other officer compensation reviewed
Yes
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

Form 990 will be distributed to the board of directors at scheduled board of directors meetings.

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

Each year, bridges preparatory school distributes a certification and conflict of interest disclosure form to the board of directors and board officers. Each respondent must certify that he or she has received a copy of the conflict of-interest policy; has read and understands the policy; has agreed to comply with the policy; and understands that the organization is charitable and that in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its exempt purposes and not engage in activities and transactions that provide impermissible benefits to individuals or entities. In addition, the certification and conflict of interest disclosure documents require each individual to either certify that he or she has no actual or possible conflict of interest to report, or to describe any relationships, transactions, or other circumstances, including those of an immediate family member, that could result in a conflict between the organization's interests and his or her personal, financial or other interests. All individuals are provided a copy of the conflict-of-interest and are provided the opportunity to ask questions about the policy. For new board members elected each year, this is covered as part of the new board members orientation session held prior to the first board meeting in which they participate. All board members and officers are required to complete and sign the certification and disclosure form, which is retained in the bridges preparatory schools files. Disclosure documents are reviewed to identify individuals that represent a potential conflict of interest. As business matters, transactions or contracts arise, potential conflicts are reviewed and when a conflict is identified with respect to a proposed transaction, bridges preparatory school follows the procedures set out in its conflict-of-interest policy which typically results in prohibiting them from participating in the board's deliberations and decisions surrounding the transaction.

Form 990, Part VI, Section B, Line 15

The process for determining compensation for the head of school, assistant head of school, directors and all teaching staff includes a review by the bridges internal operations/human resources staff and the entire board of directors. Comparability data used in the review process is obtained from a variety of sources including similar schools, similar positions, similar years of experience and similar education levels within the same county and within similar districts outside the county. A salary schedule has been created and salary decisions are determined based on their alignment with the salary schedule and the aforementioned factors. Compensation deliberations and decisions are discussed within the executive session of the respective board meetings where contracts are reviewed for approval by the board of directors.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available to the public on the school's website and upon request.

Filing and Contact Details

Filer

Filer Name
Bridges Preparatory School
EIN
46-0847332
Phone
8439827737
Address
555 ROBERT SMALLS PARKWAY, BEAUFORT, SC 29906

Signing Officer

Name
Tom Angelo
Title
Board Chair
Phone
8439827737
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Angelo
Formed
2012
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
124
Volunteers
200

Preparer

Firm
Veris LLC
Address
1156 BOWMAN ROAD SUITE 100-A, MOUNT PLEASANT, SC 29464
Preparer
Brooke Skinner Ea Msa
Phone
8438814477
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted against income rounding

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted against income rounding

Form 990, Schedule D, Part VI, Line E

The total amount of $1,142,091 classified as "other" is representative of construction in progress and vehicles as of june 30, 2018. Total other assets, net of depreciation, for construction in progress and vehicles are $1,115,301 and $26,790, respectively.

Part X, Line 2

The financial statements were prepared in accordance with government accounting standards, which does not require the adoption of fin 48.

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IRS990/LessRentalExpensesGrp/RealAmt00
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IRS990/LobbyingActivitiesInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE BRIDGES PREPARATORY SCHOOL MISSION IS TO PROVIDE STUDENTS EQUAL ACCESS TO A HIGH QUALITY K-12 WHOLE CHILD EDUCATION THAT MAXIMIZES ACADEMIC EXCELLENCE AND STRENGTH OF CHARACTER IN A STUDENT-CENTERED LEARNING ENVIRONMENT CREATED BY A FACULTY OF LIFELONG LEARNERS.
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt041619
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt046825
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IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0575012
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0645632
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND MATERIALS
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IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/Desc3OPERATION SUPPLIES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1138977
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt312533
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IRS990/OtherExpensesGrp/TotalAmt0900436
IRS990/OtherExpensesGrp/TotalAmt1394261
IRS990/OtherExpensesGrp/TotalAmt212778
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IRS990/OtherSalariesAndWagesGrp/TotalAmt04933101
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt067383
IRS990/PayrollTaxesGrp/ProgramServicesAmt0333461
IRS990/PayrollTaxesGrp/TotalAmt0400844
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt023796
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt087169
IRS990/PensionPlanContributionsGrp/TotalAmt0110965
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01200
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0314977
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025295
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt063653
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IRS990/PYSalariesCompEmpBnftPaidAmt04931677
IRS990/PYTotalExpensesAmt012629026
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07604110
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01742593
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt046825
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0220571
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt018389671
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0862955
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019252626
IRS990ScheduleD/EquipmentGrp/BookValueAmt0124364
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0141542
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0265906
IRS990ScheduleD/ExpensesNotReportedAmt034894
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09932502
IRS990ScheduleD/LandGrp/BookValueAmt01134600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01134600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0146976
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0547846
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0694822
IRS990ScheduleD/OtherExpensesIncludedAmt034894
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09603975
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09603975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015508
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED COMPENSATED ABSENCES
IRS990ScheduleD/OtherRevenueAmt034893
IRS990ScheduleD/RevenueNotReportedAmt034893
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011675095
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES NETTED AGAINST INCOME ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES NETTED AGAINST INCOME ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE TOTAL AMOUNT OF $1,142,091 CLASSIFIED AS "OTHER" IS REPRESENTATIVE OF CONSTRUCTION IN PROGRESS AND VEHICLES AS OF JUNE 30, 2018. TOTAL OTHER ASSETS, NET OF DEPRECIATION, FOR CONSTRUCTION IN PROGRESS AND VEHICLES ARE $1,115,301 AND $26,790, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GOVERNMENT ACCOUNTING STANDARDS, WHICH DOES NOT REQUIRE THE ADOPTION OF FIN 48.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, SCHEDULE D, PART VI, LINE E
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029399586
IRS990ScheduleD/TotalExpensesPerForm990Amt09932502
IRS990ScheduleD/TotalLiabilityAmt015508
IRS990ScheduleD/TotalRevenuePerForm990Amt011675095
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011709988
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09967396
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS LISTED ON THE SCHOOL'S WEBSITE WHICH IS ACCESSIBLE TO ALL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1LEAD ACADEMY DOES NOT PROVIDE SCHOLARSHIP OR FINANCIAL ASSISTANCE OF ANY. THEREFORE, IT HAS NO RECORDS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENTAL UNIT INCLUDING $10,462,073 FROM THE SOUTH CAROLINA PUBLIC CHARTER SCHOOL DISTRICT IN FISCAL YEAR 2021.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt04277
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt04277
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BOOSTERTHON
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt076511
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt076511
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt076511
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt041619
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt01113
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01113
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt029502
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt029502
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WILL BE DISTRIBUTED TO THE BOARD OF DIRECTORS AT SCHEDULED BOARD OF DIRECTORS MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH YEAR, BRIDGES PREPARATORY SCHOOL DISTRIBUTES A CERTIFICATION AND CONFLICT OF INTEREST DISCLOSURE FORM TO THE BOARD OF DIRECTORS AND BOARD OFFICERS. EACH RESPONDENT MUST CERTIFY THAT HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF-INTEREST POLICY; HAS READ AND UNDERSTANDS THE POLICY; HAS AGREED TO COMPLY WITH THE POLICY; AND UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS EXEMPT PURPOSES AND NOT ENGAGE IN ACTIVITIES AND TRANSACTIONS THAT PROVIDE IMPERMISSIBLE BENEFITS TO INDIVIDUALS OR ENTITIES. IN ADDITION, THE CERTIFICATION AND CONFLICT OF INTEREST DISCLOSURE DOCUMENTS REQUIRE EACH INDIVIDUAL TO EITHER CERTIFY THAT HE OR SHE HAS NO ACTUAL OR POSSIBLE CONFLICT OF INTEREST TO REPORT, OR TO DESCRIBE ANY RELATIONSHIPS, TRANSACTIONS, OR OTHER CIRCUMSTANCES, INCLUDING THOSE OF AN IMMEDIATE FAMILY MEMBER, THAT COULD RESULT IN A CONFLICT BETWEEN THE ORGANIZATION'S INTERESTS AND HIS OR HER PERSONAL, FINANCIAL OR OTHER INTERESTS. ALL INDIVIDUALS ARE PROVIDED A COPY OF THE CONFLICT-OF-INTEREST AND ARE PROVIDED THE OPPORTUNITY TO ASK QUESTIONS ABOUT THE POLICY. FOR NEW BOARD MEMBERS ELECTED EACH YEAR, THIS IS COVERED AS PART OF THE NEW BOARD MEMBERS ORIENTATION SESSION HELD PRIOR TO THE FIRST BOARD MEETING IN WHICH THEY PARTICIPATE. ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE AND SIGN THE CERTIFICATION AND DISCLOSURE FORM, WHICH IS RETAINED IN THE BRIDGES PREPARATORY SCHOOLS FILES. DISCLOSURE DOCUMENTS ARE REVIEWED TO IDENTIFY INDIVIDUALS THAT REPRESENT A POTENTIAL CONFLICT OF INTEREST. AS BUSINESS MATTERS, TRANSACTIONS OR CONTRACTS ARISE, POTENTIAL CONFLICTS ARE REVIEWED AND WHEN A CONFLICT IS IDENTIFIED WITH RESPECT TO A PROPOSED TRANSACTION, BRIDGES PREPARATORY SCHOOL FOLLOWS THE PROCEDURES SET OUT IN ITS CONFLICT-OF-INTEREST POLICY WHICH TYPICALLY RESULTS IN PROHIBITING THEM FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS SURROUNDING THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR DETERMINING COMPENSATION FOR THE HEAD OF SCHOOL, ASSISTANT HEAD OF SCHOOL, DIRECTORS AND ALL TEACHING STAFF INCLUDES A REVIEW BY THE BRIDGES INTERNAL OPERATIONS/HUMAN RESOURCES STAFF AND THE ENTIRE BOARD OF DIRECTORS. COMPARABILITY DATA USED IN THE REVIEW PROCESS IS OBTAINED FROM A VARIETY OF SOURCES INCLUDING SIMILAR SCHOOLS, SIMILAR POSITIONS, SIMILAR YEARS OF EXPERIENCE AND SIMILAR EDUCATION LEVELS WITHIN THE SAME COUNTY AND WITHIN SIMILAR DISTRICTS OUTSIDE THE COUNTY. A SALARY SCHEDULE HAS BEEN CREATED AND SALARY DECISIONS ARE DETERMINED BASED ON THEIR ALIGNMENT WITH THE SALARY SCHEDULE AND THE AFOREMENTIONED FACTORS. COMPENSATION DELIBERATIONS AND DECISIONS ARE DISCUSSED WITHIN THE EXECUTIVE SESSION OF THE RESPECTIVE BOARD MEETINGS WHERE CONTRACTS ARE REVIEWED FOR APPROVAL BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE SCHOOL'S WEBSITE AND 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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00

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