Civic Intelligence

Bridge Preparatory Charter School

990 • Fiscal year 2020 • EIN 83-1323754

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

715 Ocean TerraceStaten Island, NY 10301

(718) 274-3437

Siviq Scores

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

Liabilities / Assets

67th percentile

0.36x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

48th percentile

0.13x

Higher debt load relative to revenue than 48% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

73rd percentile

$120,076

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Asset Growth

99th percentile

780%

Faster asset growth than 99% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

1358%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,137,767

Up $1,008,405 (+780%) from 2019

Net Assets

Up

$729,680

Up $729,680 from 2019

Liabilities

Up

$408,087

Up $278,725 (+215%) from 2019

Revenue

Up

$3,161,051

Up $2,944,242 (+1358%) from 2019

Expenses

Up

$2,431,371

Up $2,214,562 (+1021%) from 2019

Net Income

Up

$729,680

Up $729,680 from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2019: $129,362Liabilities 2019: $129,362Net Assets 2019: $02019Assets 2020: $1,137,767Liabilities 2020: $408,087Net Assets 2020: $729,6802020Assets 2021: $2,690,088Liabilities 2021: $399,337Net Assets 2021: $2,290,7512021Assets 2022: $4,507,948Liabilities 2022: $356,978Net Assets 2022: $4,150,9702022Assets 2023: $6,873,752Liabilities 2023: $519,420Net Assets 2023: $6,354,3322023Assets 2024: $8,139,106Liabilities 2024: $561,001Net Assets 2024: $7,578,1052024

Highlighted filing

2020

Assets$1,137,767
Liabilities$408,087
Net Assets$729,680

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2019: $216,809Expenses 2019: $216,809Net Income 2019: $02019Revenue 2020: $3,161,051Expenses 2020: $2,431,371Net Income 2020: $729,6802020Revenue 2021: $4,219,312Expenses 2021: $2,658,241Net Income 2021: $1,561,0712021Revenue 2022: $5,670,383Expenses 2022: $3,810,164Net Income 2022: $1,860,2192022Revenue 2023: $7,452,271Expenses 2023: $5,248,909Net Income 2023: $2,203,3622023Revenue 2024: $7,533,169Expenses 2024: $6,309,396Net Income 2024: $1,223,7732024

Highlighted filing

2020

Revenue$3,161,051
Expenses$2,431,371
Net Income$729,680
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.0
Gross Receipts
$3,161,051
Mission and Program Overview

Mission

BPCS provides students and families who need our structured, multi sensory programming, with a free, public school option in their community and prevents them from being forced to leave Staten Island or NYC to find a school that meets their needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$51,959$729,074▲ $677,115
Pledges and Grants Receivable$77,403$260,183▲ $182,780
Land, Buildings, and Equipment, Net-$148,510-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$129,362$1,137,767▲ $1,008,405
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$28,332$272,087▲ $243,755
Unsecured Notes Loans Payable$101,030$136,000▲ $34,970
Total Liabilities$129,362$408,087▲ $278,725
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$729,680-
Total Net Assets Fund Balance$0$729,680▲ $729,680
Total Liabilities and Net Assets / Fund Balance$129,362$1,137,767▲ $1,008,405

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$134,536$32,291$166,827
Other Land Buildings$13,974$1,021$14,995
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy CastanzaExecutive DirectorFT$112,773$7,303$120,076

Board Members and Trustees

NameTitle
Rose KerrBoard Chair
Laurel Wedinger-GyimesiVice Chair
Amy MargolisBoard Trustee
Azalia VolpeBoard Trustee
Frank SantarpiaBoard Trustee
Maria CasaleBoard Trustee
Matthew Langella resignedBoard Trustee
Victoria Cerullo resignedBoard Trustee
Witt Halle resignedBoard Trustee
Laura TimoneySecretary
Louis Tobacco resignedSgt at Arms
George WinnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,157,682
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$3,369
All Other Contributions
$345,000
Change in Net Assets
$729,680

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,161,051
Revenue Not Reported on Form 990
$216,809
Total Revenue per Audited Statements
$3,377,860
Total Revenue per Form 990
$3,161,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,647,586
Other Expenses$783,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,160,528$103,359-$1,263,887
Fees for Services Other-$163,867-$163,867
Other Employee Benefits$109,397$16,571-$125,968
Payroll Taxes$106,869$15,802-$122,671
Current Officers, Directors, Trustees, and Key Employees$110,270$9,821-$120,091
Information Technology$35,717$2,364-$38,081
Other Expenses$3,066$33,029-$36,095
Depreciation Depletion$28,217$5,095-$33,312
Insurance$21,927$2,189-$24,116
Office Expenses$19,022$1,121-$20,143
Pension Plan Contributions$13,041$1,928-$14,969
All Other Expenses$10,849$3,103-$13,952
Fees for Services Legal-$5,000-$5,000
Total Functional Expenses$2,041,796$389,575$0$2,431,371

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,648,180
Expenses per Audited Statements$2,431,371
Total Expenses per Form 990$2,431,371
Expenses Not Reported on Form 990$216,809
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Line 4: Description of Significant Changes to Organizational Documents

The School's by-laws were updated to include include the annual attestations of Board Trustees regarding Conflicts of Interest and the creation of ad hoc committees, task forces and Parliamentarian position.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 and related schedules are e-mailed to the board of trustees and management for approval before filing with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The School has a board approved conflicts of interest policy. Each trustee must fill out an annual declaration stating they had no conflicts or identifying the nature of their interest party transactions.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Comparable data is used when determining the compensation of officers and key employees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are avaliable upon request.

Filing and Contact Details

Filer

Filer Name
Bridge Preparatory Charter School
EIN
83-1323754
Phone
7182743437
Address
715 Ocean Terrace, Staten Island, NY 10301

Signing Officer

Name
Timothy Castanza
Title
Executive Director
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Castanza
Formed
2019
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
27

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The School does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending June 30, 2019, the Schools initial filing, and later are subject to examination by applicable taxing authorities.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Revenue from inception through 6/30/19 $216809

Part XII, Line 2D: Other expenses and losses per audited F/S

Expenses from inception through 6/30/19 $216809

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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0BPCS provides students and families who need our structured, multi sensory programming, with a free, public school option in their community and prevents them from being forced to leave Staten Island or NYC to find a school that meets their needs.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesEOYAmt0729680
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0729680
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01121
IRS990/OfficeExpensesGrp/ProgramServicesAmt019022
IRS990/OfficeExpensesGrp/TotalAmt020143
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016571
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0109397
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0125968
IRS990/OtherExpensesGrp/Desc0Curriculum and classroom Exp.
IRS990/OtherExpensesGrp/Desc1Professional Development
IRS990/OtherExpensesGrp/Desc2Supplies and materials
IRS990/OtherExpensesGrp/Desc3Recruitment
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020976
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15350
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt233029
IRS990/OtherExpensesGrp/ProgramServicesAmt0227279
IRS990/OtherExpensesGrp/ProgramServicesAmt1159931
IRS990/OtherExpensesGrp/ProgramServicesAmt235683
IRS990/OtherExpensesGrp/ProgramServicesAmt33066
IRS990/OtherExpensesGrp/TotalAmt0227279
IRS990/OtherExpensesGrp/TotalAmt1180907
IRS990/OtherExpensesGrp/TotalAmt241033
IRS990/OtherExpensesGrp/TotalAmt336095
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/ExclusionAmt03369
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03369
IRS990/OtherRevenueTotalAmt03369
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0103359
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01160528
IRS990/OtherSalariesAndWagesGrp/TotalAmt01263887
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015802
IRS990/PayrollTaxesGrp/ProgramServicesAmt0106869
IRS990/PayrollTaxesGrp/TotalAmt0122671
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01928
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013041
IRS990/PensionPlanContributionsGrp/TotalAmt014969
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt077403
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0260183
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Timothy Castanza
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0216809
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt093479
IRS990/PYSalariesCompEmpBnftPaidAmt0123330
IRS990/PYTotalExpensesAmt0216809
IRS990/PYTotalRevenueAmt0216809
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0729680
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0134536
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032291
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0166827
IRS990ScheduleD/ExpensesNotReportedAmt0216809
IRS990ScheduleD/ExpensesSubtotalAmt02431371
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0216809
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013974
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01021
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014995
IRS990ScheduleD/OtherRevenueAmt0216809
IRS990ScheduleD/RevenueNotReportedAmt0216809
IRS990ScheduleD/RevenueSubtotalAmt03161051
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending June 30, 2019, the Schools initial filing, and later are subject to examination by applicable taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Revenue from inception through 6/30/19 $216809
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Expenses from inception through 6/30/19 $216809
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0148510
IRS990ScheduleD/TotalExpensesPerForm990Amt02431371
IRS990ScheduleD/TotalRevenuePerForm990Amt03161051
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03377860
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02648180
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school has a nondiscriminatory policy that is publicized in recruitment literature, as well as print and electronic media. A copy of the policy is made available upon request.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives government grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The School's by-laws were updated to include include the annual attestations of Board Trustees regarding Conflicts of Interest and the creation of ad hoc committees, task forces and Parliamentarian position.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 and related schedules are e-mailed to the board of trustees and management for approval before filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The School has a board approved conflicts of interest policy. Each trustee must fill out an annual declaration stating they had no conflicts or identifying the nature of their interest party transactions.

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