Civic Intelligence

Bridges Public Charter School

990 • Fiscal year 2017 • EIN 73-1681983

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 14, 2018

100 Gallatin St NEWashington, DC 20011

(202) 545-0515

Siviq Scores

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

Liabilities / Assets

65th percentile

0.33x

Higher debt load relative to assets than 65% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

40th percentile

0.11x

Higher debt load relative to revenue than 40% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

44th percentile

1.3%

Higher net margin than 44% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

65th percentile

$155,836

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

81st percentile

19%

Faster asset growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,328,697

Up $534,650 (+19%) from 2016

Net Assets

Up

$2,234,090

Up $127,682 (+6.1%) from 2016

Liabilities

Up

$1,094,607

Up $406,968 (+59%) from 2016

Revenue

Up

$9,934,677

Up $1,003,061 (+11%) from 2016

Expenses

Up

$9,806,995

Up $1,524,716 (+18%) from 2016

Net Income

Down

$127,682

Down $521,655 (-80%) from 2016

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $599,665Liabilities 2011: $332,677Net Assets 2011: $266,9882011Assets 2012: $601,246Liabilities 2012: $304,853Net Assets 2012: $296,3932012Assets 2013: $1,123,228Liabilities 2013: $418,458Net Assets 2013: $704,7702013Assets 2014: $1,756,148Liabilities 2014: $612,309Net Assets 2014: $1,143,8392014Assets 2015: $2,901,930Liabilities 2015: $1,444,859Net Assets 2015: $1,457,0712015Assets 2016: $2,794,047Liabilities 2016: $687,639Net Assets 2016: $2,106,4082016Assets 2017: $3,328,697Liabilities 2017: $1,094,607Net Assets 2017: $2,234,0902017Assets 2018: $4,270,836Liabilities 2018: $1,246,981Net Assets 2018: $3,023,8552018Assets 2019: $5,934,626Liabilities 2019: $1,475,428Net Assets 2019: $4,459,1982019Assets 2020: $9,413,537Liabilities 2020: $2,449,051Net Assets 2020: $6,964,4862020Assets 2021: $12,214,907Liabilities 2021: $1,337,287Net Assets 2021: $10,877,6202021Assets 2022: $12,531,859Liabilities 2022: $1,091,510Net Assets 2022: $11,440,3492022Assets 2023: $33,018,096Liabilities 2023: $17,482,285Net Assets 2023: $15,535,8112023

Highlighted filing

2017

Assets$3,328,697
Liabilities$1,094,607
Net Assets$2,234,090

Operations Trend

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

$20M$15M$10M$5.0M$0Expenses 2011: $1,960,1972011Expenses 2012: $2,142,8932012Revenue 2013: $3,804,527Expenses 2013: $3,396,150Net Income 2013: $408,3772013Revenue 2014: $5,377,733Expenses 2014: $4,938,664Net Income 2014: $439,0692014Revenue 2015: $7,310,036Expenses 2015: $6,996,804Net Income 2015: $313,2322015Revenue 2016: $8,931,616Expenses 2016: $8,282,279Net Income 2016: $649,3372016Revenue 2017: $9,934,677Expenses 2017: $9,806,995Net Income 2017: $127,6822017Revenue 2018: $11,830,167Expenses 2018: $11,040,402Net Income 2018: $789,7652018Revenue 2019: $13,470,588Expenses 2019: $12,035,245Net Income 2019: $1,435,3432019Revenue 2020: $14,076,838Expenses 2020: $11,571,550Net Income 2020: $2,505,2882020Revenue 2021: $15,223,838Expenses 2021: $11,310,704Net Income 2021: $3,913,1342021Revenue 2022: $13,477,400Expenses 2022: $12,914,671Net Income 2022: $562,7292022Revenue 2023: $16,818,674Expenses 2023: $12,956,380Net Income 2023: $3,862,2942023

Highlighted filing

2017

Revenue$9,934,677
Expenses$9,806,995
Net Income$127,682
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 14, 2018
Return Version
2016v3.1
Gross Receipts
$9,938,641
Mission and Program Overview

Mission

To provide an exemplary educational program that includes students with special needs. Our developmentally appropriate, student and family-centered educational approach nurtures students to expand their developmental skills, in order to build a foundation for life-long learning.

To provide an exemplary educational program that includes students with special needs. Our developmentally appropriate, student and family- centered educational approach nurtures students to expand their developmental skills, in order to build a foundation for life-long learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$669,363$1,138,631▲ $469,268
Cash and Non-Interest-Bearing Accounts$1,132,526$1,109,269▼ $23,257
Prepaid Expenses and Deferred Charges$80,304$416,152▲ $335,848
Pledges and Grants Receivable$114,169$259,908▲ $145,739
Accounts Receivable$223,799$124,082▼ $99,717
Savings and Temporary Cash Investments$32,048$32,054▲ $6
Total Assets$2,794,047$3,328,697▲ $534,650
Other Assets Total$541,838$248,601▼ $293,237
Liabilities
Accounts Payable and Accrued Expenses$641,258$766,543▲ $125,285
Other Liabilities$46,381$324,743▲ $278,362
Deferred Revenue-$3,321-
Total Liabilities$687,639$1,094,607▲ $406,968
Net Assets / Fund Balance
Unrestricted Net Assets$2,105,758$2,225,988▲ $120,230
Temporarily Rstr Net Assets$650$8,102▲ $7,452
Total Net Assets Fund Balance$2,106,408$2,234,090▲ $127,682
Total Liabilities and Net Assets / Fund Balance$2,794,047$3,328,697▲ $534,650

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,081,807$316,955$1,398,762
Equipment$56,824$48,105$104,929
Other Assets Org$53,348--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Olivia SmithExecutive DiFT$126,384$29,452$155,836
Olivia SmithExecutive Director-$126,384$29,452$155,836
Gary FriendCOOFT$90,810$14,019$104,829

Board Members and Trustees

NameTitle
Charles WarnerBoard Chair
Claudia CallawayBoard Member
Deborah RozellBoard Member
Hassan DhoutiBoard Member
Leslie AnnexsteinBoard Member
Linda MacriBoard Member
Lionel HowardBoard Member
Stephen ZagamiBoard Member
Tawnya LeeSecretary
Richard PlackterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Revolution Foods INCFood Service8393 CAPWELL DRIVE, SUITE 200, Oakland, CA 94621$300,098
EdopsAcctg & Hr Svc1611 CONNECTICUT AVE NW, 3RD FLOOR, Washington, DC 20009$181,028
Ellis Therapeutic Consultants INCInstruction Svc641 S STREET NW, Washington, DC 20001$177,829
Educational Solutions LLCInstruction Svc4508 4TH ROAD NORTH, Arlington, VA 22203$168,259
Revenue and Support

Revenue Composition

Contributions and Grants
$1,600,248
Program Service Revenue
$8,338,307
Investment Income
$-3,958
Other Revenue
$80
All Other Contributions
$81,307
Change in Net Assets
$127,682

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$25,289Fair Market Value (FMV) at Time of Donation
Other Non Cash Contri Table1$1,379Fair Market Value (FMV) at Time of Donation
Total Noncash Contributions2$26,668-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,934,677
Revenue Not Reported on Form 990
$50,188
Total Revenue per Audited Statements
$9,984,865
Total Revenue per Form 990
$9,934,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,289,256
Other Expenses$3,517,739
Total Fundraising Expense$10,997
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,963,091$248,787$5,573$5,217,451
Occupancy$1,397,408$80,047$1,513$1,478,968
Payroll Taxes$414,315$23,733$449$438,497
Other Employee Benefits$297,318$11,508$353$309,179
Current Officers, Directors, Trustees, and Key Employees$217,768$54,442-$272,210
Fees for Services Other$159,916$7,558$1,000$168,474
Office Expenses$151,664$8,688-$160,352
Depreciation Depletion$145,559$8,338$140$154,037
Fees for Services Accounting$117,827$6,753-$124,580
Other Expenses$81,927$4,693-$86,620
All Other Expenses$51,124$2,209$1,910$55,243
Pension Plan Contributions$49,927$1,933$59$51,919
Information Technology$36,933$2,116-$39,049
Insurance$16,762$960-$17,722
Fees for Services Legal$16,292$934-$17,226
Interest-$114-$114
Total Functional Expenses$9,310,530$485,468$10,997$9,806,995

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,857,183
Expenses per Audited Statements$9,806,995
Total Expenses per Form 990$9,806,995
Expenses Not Reported on Form 990$50,188
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
Deferred Rent$268,221
Refundable Advance$56,263
Capital Lease Obligation$259
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
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, Page 6, Part VI, Line 11B

Form 990 is prepared by the outside accountant in collaboration with the school's director, and the draft return is provided to the board treasurer and finance committee for review. The approved draft is then reviewed by the full board, and they are given a period of time to comment or raise concerns prior to submitting the return for filing.

Form 990, Page 6, Part VI, Line 12C

The board is educated about the expectation of compliance with the conflict of interest policy. In addition, board members are asked to sign an annual agreement that honors the school policy to disclose any conflict of interests. Furthermore, there is a conflict of interest policy in the school's financial management guidelines that school staff who manage funds must review. Monitoring and enforcement is done by annual review of expectations regarding conflict of interest and written signature of conflict of interest documents stating that they are aware the disclosure on any conflict must be immediately stated and that they cannot vote on any matters that are or could possibly be a conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The salary for the director of the school is set with board approval, and salary level was made by looking at a salary survey/data for charter schools in dc. The compensation for the school's head of school was reviewed as part of the annual budget and voted on by the board of trustees.

Form 990, Page 6, Part VI, Line 15B

Salaries for other top positions in the school is set by looking at a salary survey to ensure that the salary amounts were in-line within the industry. The process of determining the compensation for other top positions was reviewed and discussed by the board of trustees.

Form 990, Page 6, Part VI, Line 19

The school makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Its governing documents and financial statements are also filed with the district of columbia public charter school board.

Filing and Contact Details

Filer

Filer Name
Bridges Public Charter School
EIN
73-1681983
Phone
2025450515
Address
100 GALLATIN ST NE, WASHINGTON, DC 20011

Signing Officer

Name
Olivia Smith
Title
Executive Director
Phone
2025450515
Signed
2018-02-14

Organization Details

Principal Officer
Olivia Smith
Formed
2003
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
10
Employees
186
Volunteers
40

Preparer

Firm
Kendall Prebola and Jones LLC
Address
PO BOX 259, BEDFORD, PA 15522-0259
Preparer
Robert F Prebola CPA
Phone
8146231880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide an exemplary educational program that includes students with special needs. Our developmentally appropriate, student and family- centered educational approach nurtures students to expand their developmental skills, in order to build a foundation for life-long learning.

Form 990, Page 2, Part III, Line 4A

Fourth grade. During november 2015, the charter school's legal name was changed from bridges charter school to bridges public charter school. Bridges public charter school is unique in the dc education landscape serving a higher percentage of students with special needs in one school building than all but one other charter school in dc (st. Coletta). Bridges provides a continuum of inclusive learning environments and high- level special education classrooms. The school student population has been consistent since opening to students in 2005: 30%-35% students with special needs, 40+% english as second language learners and 60%-65% students who qualify for free or reduced lunch (low-income). The charter school's activities are funded primarily by the district of columbia's per pupil allocation formula, supplemented with federal funds allocated to the state education agency to be distributed to schools for staff development, special education services, and other eligible expenses.

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in the charter school's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The charter school performed an evaluation of uncertain tax positions for the year ended june 30, 2017, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of june 30, 2017, the statute of limitations for tax years 2013 through 2015 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the charter school files tax returns. It is the charter school's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. As of june 30, 2017, the charter school had no accruals for interest and/or penalties.

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IRS990/Desc0BRIDGES PUBLIC CHARTER SCHOOL (THE "CHARTER SCHOOL") WAS ESTABLISHED TO PROVIDE PRESCHOOL EDUCATION AND AFTER-CARE TO STUDENTS IN THE DISTRICT OF COLUMBIA TO STUDENTS WITH AND WITHOUT SPECIAL NEEDS. THE CHARTER SCHOOL WAS INCORPORATED UNDER THE LAWS OF THE DISTRICT OF COLUMBIA IN AUGUST 2003 AND WAS GRANTED A 15-YEAR CHARTER TO OPERATE AS A PUBLIC CHARTER SCHOOL IN THE DISTRICT OF COLUMBIA UNDER THE DC PUBLIC SCHOOL REFORM ACT OF 1995. IN MARCH 2012, THE CHARTER SCHOOL WAS GRANTED APPROVAL BY THE DC PUBLIC CHARTER SCHOOL BOARD TO EXPAND INTO AN ELEMENTARY SCHOOL PROGRAM, TO SERVE GRADES PRE-K THROUGH FIFTH. THE CHARTER SCHOOL WILL REACH GRADE LEVEL CAPACITY IN THE 2017-2018 SCHOOL YEAR WITH FIFTH GRADE. FOR THE 2016-2017 SCHOOL YEAR, THE CHARTER SCHOOL SERVICED STUDENTS IN GRADES PRE-K3 THROUGH FOURTH GRADE. DURING NOVEMBER 2015, THE CHARTER SCHOOL'S LEGAL NAME WAS CHANGED FROM BRIDGES CHARTER SCHOOL TO BRIDGES PUBLIC CHARTER SCHOOL. BRIDGES PUBLIC CHARTER SCHOOL IS UNIQUE IN THE DC EDUCATION LANDSCAPE SERVING A HIGHER PERCENTAGE OF STUDENTS WITH SPECIAL NEEDS IN ONE SCHOOL BUILDING THAN ALL BUT ONE OTHER CHARTER SCHOOL IN DC (ST. COLETTA). BRIDGES PROVIDES A CONTINUUM OF INCLUSIVE LEARNING ENVIRONMENTS AND HIGH- LEVEL SPECIAL EDUCATION CLASSROOMS. THE SCHOOL STUDENT POPULATION HAS BEEN CONSISTENT SINCE OPENING TO STUDENTS IN 2005: 30%-35% STUDENTS WITH SPECIAL NEEDS, 40+% ENGLISH AS SECOND LANGUAGE LEARNERS AND 60%-65% STUDENTS WHO QUALIFY FOR FREE OR REDUCED LUNCH (LOW-INCOME). THE CHARTER SCHOOL'S ACTIVITIES ARE FUNDED PRIMARILY BY THE DISTRICT OF COLUMBIA'S PER PUPIL ALLOCATION FORMULA, SUPPLEMENTED WITH FEDERAL FUNDS ALLOCATED TO THE STATE EDUCATION AGENCY TO BE DISTRIBUTED TO SCHOOLS FOR STAFF DEVELOPMENT, SPECIAL EDUCATION SERVICES, AND OTHER ELIGIBLE EXPENSES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE CHARTER SCHOOL'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CHARTER SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2017, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2017, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2013 THROUGH 2015 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE CHARTER SCHOOL FILES TAX RETURNS. IT IS THE CHARTER SCHOOL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF JUNE 30, 2017, THE CHARTER SCHOOL HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$33.0$17.5$15.5$16.8$13.0$3.86
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$1.09$11.4$13.5$12.9$0.56
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$1.34$10.9$15.2$11.3$3.91
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.41$2.45$6.96$14.1$11.6$2.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.93$1.48$4.46$13.5$12.0$1.44
2018Summary only. Only limited summary data is available for this year.$4.27$1.25$3.02$11.8$11.0$0.79
2017Detailed filing. Detailed filing data is available for this year.$3.33$1.09$2.23$9.93$9.81$0.13
2016Detailed filing. Detailed filing data is available for this year.$2.79$0.69$2.11$8.93$8.28$0.65
2015Detailed filing. Detailed filing data is available for this year.$2.90$1.44$1.46$7.31$7.00$0.31
2014Detailed filing. Detailed filing data is available for this year.$1.76$0.61$1.14$5.38$4.94$0.44
2013Summary only. Only limited summary data is available for this year.$1.12$0.42$0.70$3.80$3.40$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.30$0.30$2.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.33$0.27$1.96
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $5M-$10M nonprofits