Civic Intelligence

Bridges Btc Inc

EIN 59-0905505 • 501(c)3 • Rockledge, FL

Profile

We are a community-based organization dedicated to enriching the lives of adults with intellectual, developmental, and physical disabilities. We are uniquely qualified to offer a flexible range of cost-sensitive, practical solutions to the challenges in life through our employment, residential, advocacy, therapeutic, and educational programs.

1694 Cedar StreetRockledge, FL 32955

mybridges.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.42x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.18x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

30th percentile

-2.7%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

5th percentile

-23%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

26%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,546,113

Down $771,029 (-23%) from 2022

Liabilities

Down

$1,063,117

Down $616,163 (-37%) from 2022

Net Assets

Down

$1,482,996

Down $154,866 (-9.5%) from 2022

Revenue

Up

$5,771,885

Up $1,192,235 (+26%) from 2022

Expenses

Up

$5,926,751

Up $1,514,163 (+34%) from 2022

Net Income

Down

-$154,866

Down $321,928 (-193%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0MAssets 2011: $2,606,699Liabilities 2011: $2,742,890Net Assets 2011: -$136,1912011Assets 2012: $2,457,039Liabilities 2012: $2,694,753Net Assets 2012: -$237,7142012Assets 2013: $2,225,866Liabilities 2013: $2,725,913Net Assets 2013: -$500,0472013Assets 2014: $2,339,926Liabilities 2014: $2,867,637Net Assets 2014: -$527,7112014Assets 2015: $1,920,943Liabilities 2015: $2,788,270Net Assets 2015: -$867,3272015Assets 2016: $1,981,739Liabilities 2016: $3,111,398Net Assets 2016: -$1,129,6592016Assets 2017: $1,894,998Liabilities 2017: $399,268Net Assets 2017: $1,495,7302017Assets 2018: $1,847,045Liabilities 2018: $337,945Net Assets 2018: $1,509,1002018Assets 2019: $1,860,959Liabilities 2019: $485,183Net Assets 2019: $1,375,7762019Assets 2020: $2,055,588Liabilities 2020: $993,673Net Assets 2020: $1,061,9152020Assets 2021: $2,328,080Liabilities 2021: $857,280Net Assets 2021: $1,470,8002021Assets 2022: $3,317,142Liabilities 2022: $1,679,280Net Assets 2022: $1,637,8622022Assets 2023: $2,546,113Liabilities 2023: $1,063,117Net Assets 2023: $1,482,9962023

Highlighted filing

2023

Assets$2,546,113
Liabilities$1,063,117
Net Assets$1,482,996

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,514,456Expenses 2011: $3,284,406Net Income 2011: $230,0502011Revenue 2012: $3,415,496Expenses 2012: $3,517,019Net Income 2012: -$101,5232012Expenses 2013: $3,545,3072013Revenue 2014: $2,673,792Expenses 2014: $2,701,456Net Income 2014: -$27,6642014Revenue 2015: $2,207,500Expenses 2015: $2,547,116Net Income 2015: -$339,6162015Revenue 2016: $2,619,153Expenses 2016: $2,658,359Net Income 2016: -$39,2062016Revenue 2017: $4,019,930Expenses 2017: $4,196,373Net Income 2017: -$176,4432017Revenue 2018: $4,089,080Expenses 2018: $4,075,710Net Income 2018: $13,3702018Revenue 2019: $4,052,765Expenses 2019: $4,186,089Net Income 2019: -$133,3242019Revenue 2020: $3,782,220Expenses 2020: $4,096,082Net Income 2020: -$313,8622020Revenue 2021: $4,527,542Expenses 2021: $4,146,606Net Income 2021: $380,9362021Revenue 2022: $4,579,650Expenses 2022: $4,412,588Net Income 2022: $167,0622022Revenue 2023: $5,771,885Expenses 2023: $5,926,751Net Income 2023: -$154,8662023

Highlighted filing

2023

Revenue$5,771,885
Expenses$5,926,751
Net Income-$154,866

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Feb 19, 2024
Return Version
2022v5.0
Gross Receipts
$5,776,479
Mission and Program Overview

Mission

Offers extensive opportunities and programs for adults with disabilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$970,758$896,679▼ $74,079
Savings and Temporary Cash Investments$1,589,341$664,806▼ $924,535
Accounts Receivable$490,670$512,101▲ $21,431
Prepaid Expenses and Deferred Charges$80,237$55,942▼ $24,295
Pledges and Grants Receivable$42,000$39,000▼ $3,000
Cash and Non-Interest-Bearing Accounts$2,400$4,723▲ $2,323
Total Assets$3,317,142$2,546,113▼ $771,029
Other Assets Total$141,736$372,862▲ $231,126
Liabilities
Deferred Revenue$937,195--
Accounts Payable and Accrued Expenses$485,289$548,023▲ $62,734
Other Liabilities$105,268$409,732▲ $304,464
Mortgage Notes Payable Secured by Investment Property$151,528$105,362▼ $46,166
Total Liabilities$1,679,280$1,063,117▼ $616,163
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,595,862$1,443,996▼ $151,866
Net Assets With Donor Restrictions$42,000$39,000▼ $3,000
Total Net Assets Fund Balance$1,637,862$1,482,996▼ $154,866
Total Liabilities and Net Assets / Fund Balance$3,317,142$2,546,113▼ $771,029

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$617,706$689,996$1,307,702
Equipment$74,062$325,235$399,297
Other Land Buildings$147,154$192,991$340,145
Leasehold Improvements$56,762$25,654$82,416
Land$995-$995
Other Assets Org$335,867--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vanessa VinicombePresident and CEOFT$115,246$4,012$119,258

Board Members and Trustees

NameTitle
Christine MyersChair
Bonnie RudolphVice Chair
AVERI D'ANNABoard of Director
Alec RussellBoard of Director
Anthony BreitbachBoard of Director
Bob WaltersBoard of Director
Cheryl BornemannBoard of Director
Cheryl ShivelBoard of Director
David D PratherBoard of Director
Heather RogersBoard of Director
Kate DilulioBoard of Director
Patricia AkramBoard of Director
Susan Hammerling-hodgersBoard of Director
Susan Stokes ElmoreBoard of Director
Dorothy RichardsonSecretary
Gina H RallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$200,789
Program Service Revenue
$5,513,338
Investment Income
$4,861
Other Revenue
$52,897
All Other Contributions
$38,815
Change in Net Assets
$-154,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,749,728
Other Expenses$1,177,023
Total Fundraising Expense$20,807
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,104,937$457,209-$3,562,146
Payroll Taxes$512,527$70,449-$582,976
Other Employee Benefits$414,878$62,583-$477,461
Fees for Services Other$215,494$16,951-$232,445
Occupancy$42,651$133,313-$175,964
Current Officers, Directors, Trustees, and Key Employees$110,808$16,337-$127,145
Insurance$82,709$212-$82,921
All Other Expenses$675,004$-616,092$18,679$77,591
Depreciation Depletion$57,782$16,298$2,128$76,208
Fees for Services Accounting$49,135$3,865-$53,000
Other Expenses$14,659$34,265-$48,924
Interest$21,466$10,165-$31,631
Conferences and Meetings$13,080$7,195-$20,275
Office Expenses$1,676$175-$1,851
Total Functional Expenses$5,674,198$231,746$20,807$5,926,751
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$54,534
Fundraising Direct Expenses$4,594
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wacky Tacky Golf$20,479$20,479$492$19,987
Food Fest$14,554$14,554$223$14,331
Total Events$59,076$54,534$4,594$49,940
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$329,999
Due to Clients$77,343
Security Deposits Returnable$2,390
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board of directors gather at a called meeting to review a copy of the form 990 prior to the return being filed.

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

The board of directors is required to convene quarterly meetings for the purpose of reviewing policies and procedures, and monitoring and approving any proposed changes.

Form 990, Part VI, Section B, Line 15A

Each year, the board of directors assesses and reviews the salary of the president & ceo.

Form 990, Part VI, Section C, Line 19

These documents can be viewed by the public during an appointment with the office.

Filing and Contact Details

Filer

Filer Name
Bridges Btc Inc
EIN
59-0905505
Phone
3216903464
Address
1694 CEDAR STREET, ROCKLEDGE, FL 32955
Doing Business As
The Arc of Space Coast

Signing Officer

Name
Vanessa Vinicombe President
Title
President
Phone
3212903464
Signed
2024-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vanessa Vinicombe
Formed
1965
Legal Domicile
Fl
Voting Board Members
16
Independent Board Members
16
Employees
98
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
215 BAYTREE DRIVE, MELBOURNE, FL 32940
Preparer
Roman G Carraway CPA
Phone
3212550088
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Behavior analysis includes the design, implementation, and evaluation of systematic environmental modifications that assist in understanding a recipient's behavior and to produce socially significant outcomes. Behavior analysis services are provided to assist recipients to learn new, or increase existing, functionally equivalent replacement skills directly related to existing challenging behaviors that pose risk of harm to self or others, or behaviors that prevent inclusion in normal settings. Delivery of behavior analysis services includes assessing, planning, and training directly with the recipient as well as with others supporting the recipient. To determine when and in what situations the recipient's challenging behavior occurs, the recipient's behavior is assessed to identify functional relationships between a particular behavior and the recipient's environment. Assessment assists with developing services specific to the individual being served.

Form 990, Part IX, Line 24E

Management fees: program service expenses 662,228. Management and general expenses -644,591. Fundraising expenses 18,679. Total expenses 36,316. Communications: program service expenses 12,576. Management and general expenses 3,844. Fundraising expenses 0. Total expenses 16,420. Other contributed goods: program service expenses 0. Management and general expenses 16,399. Fundraising expenses 0. Total expenses 16,399. Auction & raffle items: program service expenses 0. Management and general expenses 4,542. Fundraising expenses 0. Total expenses 4,542. Membership dues: program service expenses 200. Management and general expenses 3,714. Fundraising expenses 0. Total expenses 3,914.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal and state income tax under section 501(a) of the internal revenue code as an organization described in section 501(c)(3). Therefore, only income from business unrelated to the organization's charitable purpose is subject to federal or state income tax. The organization follows the accounting guidance for uncertainty in income taxes using the provisions of fasb asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the consolidated financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. As of september 30, 2023, the organization had no uncertain tax positions that qualify for either recognition or disclosure in the consolidated financial statements. Additionally, the organization had no interest and penalties related to income taxes. With few exceptions, the organization is no longer subject to u.s. Federal, state and local income tax examinations by tax authorities for years before 2020.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD OF DIRECTOR
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IRS990/MissionDesc0WE ARE A COMMUNITY-BASED ORGANIZATION DEDICATED TO ENRICHING THE LIVES OF ADULTS WITH INTELLECTUAL, DEVELOPMENTAL, AND PHYSICAL DISABILITIES. WE ARE UNIQUELY QUALIFIED TO OFFER A FLEXIBLE RANGE OF COST-SENSITIVE, PRACTICAL SOLUTIONS TO THE CHALLENGES IN LIFE THROUGH OUR EMPLOYMENT, RESIDENTIAL, ADVOCACY, THERAPEUTIC, AND EDUCATIONAL PROGRAMS.
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