Civic Intelligence

The Bridge Golf Foundation Inc.

990 • Fiscal year 2017 • EIN 47-3020315

Sep 01, 2016 to Aug 31, 2017 • Filed on Jan 22, 2018

40 W 117th StNew York, NY 10026

(646) 453-7488

Siviq Scores

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

Liabilities / Assets

34th percentile

0.04x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • NTEE O • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

24th percentile

0.03x

Higher debt load relative to revenue than 24% of similar nonprofits.

2017 filings • NTEE O • $1M-$5M nonprofits • Source year 2017

Net Margin

92nd percentile

46%

Higher net margin than 92% of similar nonprofits.

2017 filings • NTEE O • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

56th percentile

$85,887

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2017 filings • NTEE O • $1M-$5M nonprofits • Source year 2017

Asset Growth

49th percentile

3.4%

Faster asset growth than 49% of similar nonprofits.

2017 filings • NTEE O • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

91%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • NTEE O • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$944,966

Up $31,338 (+3.4%) from 2016

Net Assets

Up

$902,471

Up $786,068 (+675%) from 2016

Liabilities

Down

$42,495

Down $754,730 (-95%) from 2016

Revenue

Up

$1,697,001

Up $807,686 (+91%) from 2016

Expenses

Up

$910,933

Up $48,682 (+5.6%) from 2016

Net Income

Up

$786,068

Up $759,004 (+2804%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2015: $91,463Liabilities 2015: $16,4612015Assets 2016: $913,628Liabilities 2016: $797,225Net Assets 2016: $116,4032016Assets 2017: $944,966Liabilities 2017: $42,495Net Assets 2017: $902,4712017Assets 2018: $1,244,475Liabilities 2018: $77,864Net Assets 2018: $1,166,6112018Assets 2019: $1,400,575Liabilities 2019: $145,892Net Assets 2019: $1,254,6832019Assets 2020: $1,568,312Liabilities 2020: $258,114Net Assets 2020: $1,310,1982020Assets 2021: $2,107,848Liabilities 2021: $472,568Net Assets 2021: $1,635,2802021Assets 2022: $3,711,159Liabilities 2022: $437,637Net Assets 2022: $3,273,5222022Assets 2023: $4,503,592Liabilities 2023: $724,374Net Assets 2023: $3,779,2182023Assets 2024: $5,182,163Liabilities 2024: $688,270Net Assets 2024: $4,493,8932024

Highlighted filing

2017

Assets$944,966
Liabilities$42,495
Net Assets$902,471

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2015: $144,336Expenses 2015: $69,334Net Income 2015: $75,0022015Revenue 2016: $889,315Expenses 2016: $862,251Net Income 2016: $27,0642016Revenue 2017: $1,697,001Expenses 2017: $910,933Net Income 2017: $786,0682017Revenue 2018: $1,299,019Expenses 2018: $1,034,879Net Income 2018: $264,1402018Revenue 2019: $1,369,561Expenses 2019: $1,281,489Net Income 2019: $88,0722019Revenue 2020: $984,602Expenses 2020: $929,087Net Income 2020: $55,5152020Revenue 2021: $1,413,868Expenses 2021: $1,088,786Net Income 2021: $325,0822021Revenue 2022: $2,523,399Expenses 2022: $885,157Net Income 2022: $1,638,2422022Revenue 2023: $1,692,911Expenses 2023: $1,187,215Net Income 2023: $505,6962023Revenue 2024: $2,705,046Expenses 2024: $1,549,905Net Income 2024: $1,155,1412024

Highlighted filing

2017

Revenue$1,697,001
Expenses$910,933
Net Income$786,068
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jan 22, 2018
Return Version
2016v3.1
Gross Receipts
$1,697,001
Mission and Program Overview

Mission

The Bridge GOlf Foundations mission is to improve life outcomes for young men of color through the sport of golf. Golf is the platform on which we build readiness for college, the workplace and life.

Our mission is to improve life outcomes for young men of color through the sport of golf. Golf is the platform on which we build readiness for college, the workplace and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$772,449$0▼ $772,449
Land, Buildings, and Equipment, Net$787,468$725,523▼ $61,945
Cash and Non-Interest-Bearing Accounts$47,035$60,438▲ $13,403
Prepaid Expenses and Deferred Charges$567$1,343▲ $776
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$913,628$944,966▲ $31,338
Other Assets Total$78,558$157,662▲ $79,104
Liabilities
Accounts Payable and Accrued Expenses$24,776$42,495▲ $17,719
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$797,225$42,495▼ $754,730
Net Assets / Fund Balance
Unrestricted Net Assets$116,403$902,471▲ $786,068
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$116,403$902,471▲ $786,068
Total Liabilities and Net Assets / Fund Balance$913,628$944,966▲ $31,338

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$585,343$47,714$633,057
Equipment$140,180$43,827$184,007
Other Assets Org$157,662--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Farrell EvansExec Director thru 10/18FT$85,887$85,887

Board Members and Trustees

NameTitle
Robert M RubinChairman and Co-Founder
Ashok VaradhanBoard Member
Carter RichBoard Member
Frank GallipoliBoard Member
James ZelterBoard Member
Matthew GaughanBoard Member
Michael S SweeneyBoard Member
Rev Michael WalrondBoard Member
Rich CalacciBoard Member
Spencer KushnerBoard Member
Stephane SamuelBoard Member
Stuart DowningBoard Member
Troy DixonBoard Member
Tobias SternSecretary
Richard J BronsteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,684,401
Program Service Revenue
$12,600
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,684,401
Change in Net Assets
$786,068

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,697,001
Revenue Not Reported on Form 990
$103,718
Total Revenue per Audited Statements
$1,800,719
Total Revenue per Form 990
$1,697,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$526,782
Other Expenses$384,151
Total Fundraising Expense$4,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$296,303$91,132$3,393$390,828
Current Officers, Directors, Trustees, and Key Employees$65,107$20,024$746$85,877
Depreciation Depletion$50,053$21,451-$71,504
Information Technology$51,448--$51,448
Payroll Taxes$38,031$11,540$506$50,077
Occupancy$32,606$2,329-$34,935
All Other Expenses$17,950$6,138-$24,088
Fees for Services Other$12,600$5,400-$18,000
Fees for Services Accounting$11,922$5,110-$17,032
Office Expenses-$16,166-$16,166
Other Expenses$10,430--$10,430
Travel-$5,067-$5,067
Insurance-$2,069-$2,069
Fees for Services Legal-$75-$75
Total Functional Expenses$719,787$186,501$4,645$910,933

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,014,651
Expenses per Audited Statements$910,933
Total Expenses per Form 990$910,933
Expenses Not Reported on Form 990$103,718
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$772,449$0▼ $772,449
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No

Governance Explanations

Page 6, Part VI, Line 11A

The organization provided a complete copy of the form 990 to all members of its governing body before filing with the irs.

Page 6, Part VI, Line 12C

Conflict of interest statements are reviewed annually. When a conflict exists, the board discusses measures to mitigate any actual or perceived conflict.

Page 6 Section C, Line 19

THe GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY are available upon request. THE ORGANIZATIONs FINANCIAL STATEMENTS AVAILABLE ON THE WEBSITE.

Filing and Contact Details

Filer

Filer Name
The Bridge Golf Foundation
EIN
47-3020315
In Care Of
% ROBERT RUBIN
Phone
6464537488
Address
40 W 117th St, New York, NY 10026

Signing Officer

Name
Robert Rubin
Title
Executive Director
Phone
6464537488
Signed
2018-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Rubin
Formed
2015
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
14
Employees
24
Volunteers
0

Preparer

Firm
Withumsmithbrown Pc
Address
1411 BROADWAY 9TH FLOOR, NEW YORK, NY 10018
Preparer
Cathy Bendall CPA
Phone
2127519100
Supplemental Narrative

Additional Explanations

Page 2, Part III, Line 4A

The Bridge Golf Foundation(BGF) is an intensive, year-round, multi-year program for Eagle Academy Students that is meant not only to improve college readiness but also to follow and help our young men across the finish line of college and career. Golf is the sports cornerstone of what is a rigorous academic, character education and development, and college readiness program. During the school year, students from 8th through 12th attend daily weekday 2-3-hour sessions at our facility which contains both state-of-the-art indoor golf instruction facilities and classroom and one-on-one tutoring spaces. In addition to a dedicated academic tutoring and character education staff which assists in small groups and one-on-one as necessary, BGF provides standardized test prep using recognized outside entities with proven improvements in results. Supplementing Eagle's college counseling function, BGF will advise the student and his family on and assist in college and post-secondary selection, help with the application process, and assist in preparing the complex financial component of the college application, as well as the college essay for the common app. The scope of our assistance includes taking the young men on college visits, obtaining summer internships for them in and outside of the golf industry, and otherwise helping to build a strong identity for the application process. Each young man is also assigned a mentor with whom he meets regularly outside the program, and who complements the work of the tutors and golf instructors. After they enter college, we continue to mentor and support them. We believe that getting a young man through college -- not simply to -- college is our mission. We are making a long-term deep dive into the lives of 28 young men, with the intention of increasing the size of our group to 50, after we move into larger premises in the spring of 2019. BGF started and operates the Percy Sutton High School Golf Team, Harlem's only such mens' team, and takes the young men regularly to area golf courses in season. BGF's affiliation with The Bridge, a private golf club in Long Island, affords significant golf and work training (on the grounds crew, in the pro shop, in the restaurant facility) in summer. Under the tutelage of our PGA-accredited golf staff, our young men are given the opportunity to become skilled golfers by the time they are college ready. Golf is the platform on which we build readiness for college, the workplace, and life.

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IRS990/Form990PartVIISectionAGrp/PersonNm15James Zelter
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Peer Organizations

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