Civic Intelligence

The Bridge Golf Foundation Inc.

990 • Fiscal year 2019 • EIN 47-3020315

Sep 01, 2018 to Aug 31, 2019 • Filed on Jul 15, 2020

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

51st percentile

0.10x

Higher debt load relative to assets than 51% of similar nonprofits.

2019 filings • NTEE O • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.11x

Higher debt load relative to revenue than 57% of similar nonprofits.

2019 filings • NTEE O • $1M-$5M nonprofits • Source year 2019

Net Margin

50th percentile

6.4%

Higher net margin than 50% of similar nonprofits.

2019 filings • NTEE O • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

46th percentile

$75,000

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2019 filings • NTEE O • $1M-$5M nonprofits • Source year 2019

Asset Growth

62nd percentile

13%

Faster asset growth than 62% of similar nonprofits.

2019 filings • NTEE O • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

5.4%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • NTEE O • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,400,575

Up $156,100 (+13%) from 2018

Net Assets

Up

$1,254,683

Up $88,072 (+7.5%) from 2018

Liabilities

Up

$145,892

Up $68,028 (+87%) from 2018

Revenue

Up

$1,369,561

Up $70,542 (+5.4%) from 2018

Expenses

Up

$1,281,489

Up $246,610 (+24%) from 2018

Net Income

Down

$88,072

Down $176,068 (-67%) from 2018

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

2019

Assets$1,400,575
Liabilities$145,892
Net Assets$1,254,683

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

2019

Revenue$1,369,561
Expenses$1,281,489
Net Income$88,072
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jul 15, 2020
Return Version
2018v3.3
Gross Receipts
$1,387,385
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: helping young men close gaps in learning, opportunity and achievement; improve college readiness; help them graduate from college and move into the workforce.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$665,209$825,291▲ $160,082
Cash and Non-Interest-Bearing Accounts$248,655$374,314▲ $125,659
Pledges and Grants Receivable$60,000$0▼ $60,000
Prepaid Expenses and Deferred Charges$3,542$4,884▲ $1,342
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$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
Loans From Officers Directors$0$0→ $0
Total Assets$1,244,475$1,400,575▲ $156,100
Other Assets Total$267,069$196,086▼ $70,983
Liabilities
Other Liabilities$59,108$143,798▲ $84,690
Accounts Payable and Accrued Expenses$18,756$2,094▼ $16,662
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$77,864$145,892▲ $68,028
Net Assets / Fund Balance
Unrestricted Net Assets$929,672$1,093,742▲ $164,070
Temporarily Rstr Net Assets$236,939$160,941▼ $75,998
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,166,611$1,254,683▲ $88,072
Total Liabilities and Net Assets / Fund Balance$1,244,475$1,400,575▲ $156,100

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$442,200$160,800$603,000
Other Land Buildings$291,245$16,101$307,346
Equipment$91,846$100,642$192,488
Other Assets Org$196,086--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Farrell EvansExec Director thru 11/18FT$75,000$75,000

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
Spencer KushnerBoard Member
Stephane SamuelBoard Member
Stuart DowningBoard Member
Tobias SternSecretary
Richard J BronsteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,369,561
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,259,945
Change in Net Assets
$88,072

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,369,561
Revenue Not Reported on Form 990
$51,662
Total Revenue per Audited Statements
$1,421,223
Total Revenue per Form 990
$1,369,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$719,517
Other Expenses$560,372
Total Fundraising Expense$42,646
Professional Fundraising Fees$1,600
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$568,492$66,881$33,441$668,814
Occupancy$166,830$8,781-$175,611
Fees for Services Accounting-$114,620-$114,620
Depreciation Depletion$84,337$9,371-$93,708
Payroll Taxes$38,028$5,070$7,605$50,703
Information Technology$48,604--$48,604
Office Expenses$24,729$19,761-$44,490
Travel$21,523$1,201-$22,724
Other Expenses$9,840--$9,840
Insurance-$9,140-$9,140
Fees for Services Professional Fundraising--$1,600$1,600
Fees for Services Legal-$275-$275
Total Functional Expenses$1,003,743$235,100$42,646$1,281,489

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,333,151
Expenses per Audited Statements$1,281,489
Total Expenses per Form 990$1,281,489
Expenses Not Reported on Form 990$51,662
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,824
Fundraising Gross Income$17,824
Professional Fundraising Fees$1,600
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$127,440$17,824$17,824$0
Total Events$127,440$17,824$17,824-
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$143,798
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, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, or financial statements available to the public on their 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
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Rubin
Formed
2015
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
12
Employees
19
Volunteers
12

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 II, Program activities continued

Golf is the cornerstone of our rigorous academic and character education program. Our goal is to get our young men through college, not simply into college. We are making a long-term deep dive into the lives of our young men. The Bridge Golf Learning Center in Harlem serves as the home base for our after school program and, when not occupied by our young men, offers fee-based services for golfers of all ages and skill levels. All profits from the Learning Center help fund our Foundation. School Year - During the school year, students from 9th through 12th grade attend three-hour sessions after every school day at our Learning Center, which contains state-of-the-art golf equipment and technology, classrooms, and one-on-one tutoring spaces. In addition to a dedicated tutoring and character education staff that works in small groups and one-on-one as necessary, our Foundation provides intensive standardized test prep in partnership with a proven outside tutoring organization. BGF will also advise our students and families on college and post-secondary selection, help organize the application process, and assist in preparing the complex financial component of college applications, college essays, and other elements of the common application. Our staff consists of five academic tutors and four golf professionals, resulting in extraordinary individualized attention. We collaborate with our young mens teachers to maximize the effectiveness of our tutoring. Summer - Our intensive six-week summer program consists of all-day excursions to area golf courses, where practice is supplemented by daily academic tutoring. Additionally, juniors and select sophomores will spend two weeks at The Bridge in Eastern Long Island for a paid internship/residency that involves hands-on training in the golf industry and exposure to the areas rich cultural opportunities. The Bridge is one of the nations premier private golf clubs, built and operated for the last 20 years by the founders and co-executive directors of BGF. Mentoring - Every young man in our program is also assigned a mentor. Our volunteer mentors work in a variety of fields. They share a love of golf and a strong desire to help our young men succeed. These mentor-mentee relationships complement the work of our tutors and golf instructors. After our young men enter college, we continue to mentor and support them. Golf Team - BGF founded and operates the Percy Sutton High School golf team, Harlems only boys golf team, which competes in the Public School Athletic League and has made the playoffs the past two seasons. Our young men practice regularly at area golf courses during the warmer months and receive indoor instruction every day they are in our Learning Center. 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 bound. Golf is the platform on which we build readiness for college, the workplace, and life.

Financial Statement Notes

Part X, Line 2

The foundation is exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code and from state and local taxes under comparable laws. Accordingly, no provision for income taxes has been recorded in the consolidated statements of activities, other than for unrelated business income tax as required. There are no uncertain tax positions at either of the organizations. In addition, there are no income tax related penalties or interest for the periods reported in these consolidated financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm11Ashok Varadhan
IRS990/Form990PartVIISectionAGrp/PersonNm12James Zelter
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