Civic Intelligence

Bridgeway

990 • Fiscal year 2014 • EIN 84-1044840

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 24, 2015

PO Box 75880402

(303) 969-0515

Siviq Scores

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

Liabilities / Assets

74th percentile

0.07x

Higher debt load relative to assets than 74% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

8.22x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

1st percentile

-5397%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

93rd percentile

$53,817

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 2379.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

16th percentile

-28%

Faster asset growth than 16% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

3rd percentile

-83%

Faster revenue growth than 3% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2014

Assets

Down

$263,199

Down $103,825 (-28%) from 2013

Net Assets

Down

$244,596

Down $122,072 (-33%) from 2013

Liabilities

Up

$18,603

Up $18,247 (+5126%) from 2013

Revenue

$2,262

No earlier filing loaded for comparison.

Expenses

Down

$124,334

Down $85,466 (-41%) from 2013

Net Income

-$122,072

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $435,662Liabilities 2011: $12,224Net Assets 2011: $423,4382011Assets 2012: $330,516Liabilities 2012: $23,266Net Assets 2012: $307,2502012Assets 2013: $367,024Liabilities 2013: $356Net Assets 2013: $366,6682013Assets 2014: $263,199Liabilities 2014: $18,603Net Assets 2014: $244,5962014Assets 2015: $93,765Liabilities 2015: $732Net Assets 2015: $93,0332015

Highlighted filing

2014

Assets$263,199
Liabilities$18,603
Net Assets$244,596

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $432,159Expenses 2011: $508,548Net Income 2011: -$76,3892011Expenses 2012: $514,0902012Expenses 2013: $209,8002013Revenue 2014: $2,262Expenses 2014: $124,334Net Income 2014: -$122,0722014Revenue 2015: $1,622Expenses 2015: $153,185Net Income 2015: -$151,5632015

Highlighted filing

2014

Revenue$2,262
Expenses$124,334
Net Income-$122,072
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 24, 2015
Return Version
2013v4.0
Gross Receipts
$2,262
Mission and Program Overview

Mission

Bridgeway (the organization) is a nonprofit corporation organized for the purpose of providing temporary shelter to unwed pregnant teens in order to provide a conducive environment in which they can complete their education, obtain meaningful employement, and make informed decisions about their future. The organization is in the process of closing down. The organization is using the sale of the shelter residence to pay outstanding expenses and liabilities. All remaining cash and assets will be distributed to other exempt organizations that have a similar mission to bridgeway.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$100,000$100,139▲ $139
Investments in Publicly Traded Securities$97,920$99,878▲ $1,958
Cash and Non-Interest-Bearing Accounts$167,414$61,736▼ $105,678
Prepaid Expenses and Deferred Charges$1,690$1,446▼ $244
Total Assets$367,024$263,199▼ $103,825
Liabilities
Accounts Payable and Accrued Expenses$356$18,603▲ $18,247
Total Liabilities$356$18,603▲ $18,247
Net Assets / Fund Balance
Unrestricted Net Assets$366,668$244,596▼ $122,072
Total Net Assets Fund Balance$366,668$244,596▼ $122,072
Total Liabilities and Net Assets / Fund Balance$367,024$263,199▼ $103,825
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Carole HaasExecutive Di$50,000$3,817$53,817

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,262
Other Revenue
$0
Change in Net Assets
$-122,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,121
Salaries, Compensation, and Employee Benefits$47,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$34,998-$34,998
Occupancy-$15,031-$15,031
Office Expenses-$9,248-$9,248
Other Salaries and Wages-$8,398-$8,398
Other Employee Benefits-$3,817-$3,817
Insurance-$2,496-$2,496
Fees for Services Accounting-$1,825-$1,825
Fees for Services Other-$1,490-$1,490
Fees for Services Legal-$432-$432
Other Expenses-$187-$187
Total Functional Expenses$0$124,334$0$124,334
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
No
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 2

Randy rehbein dawn rehbein family relationship

Form 990, Page 6, Part VI, Line 11B

The form 990 is made available to all members of bridgeway for their review and comments before the form 990 is filed with the irs. A copy of the filed form 990 is provided to every member of bridgeway.

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

At bridgeway's board of directors meetings, the members are regularly informed of the requirement for them to report any conflict of interest issues to the board or executive director and/or asked if they have any questions about conflict of interest issues.

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

After voting on june 22, 2012 to begin winding down the operations of bridgeway, the compensation committee of the board of directors developed a salary plan using comparability data and contemporaneous substantiation for bridgeway's executive director for the years that it would take to wind down and liquidate bridgeway. This salary plan was approved by the board of directors in 2012.

Form 990, Page 6, Part VI, Line 19

Bridgeway makes its governing documents and conflict of interest policy available upon request; its financial statements are available upon request, and on the colorado secretary of state's website.

Filing and Contact Details

Filer

EIN
84-1044840
Phone
3039690515

Signing Officer

Name
Jo Mcguire
Title
Treasurer
Phone
3039690515
Signed
2015-02-24

Organization Details

Principal Officer
Terry Hill
Formed
1986
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
11
Employees
2

Preparer

Preparer
Ken Roth
Phone
3038308109
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Bridgeway (the organization) is a nonprofit corporation organized for the purpose of providing temporary shelter to unwed pregnant teens in order to provide a conducive environment in which they can complete their education, obtain meaningful employement, and make informed decisions about their future. The organization is in the process of closing down. The organization is using the sale of the shelter residence to pay outstanding expenses and liabilities. All remaining cash and assets will be distributed to other exempt organizations that have a similar mission to bridgeway.

Form 990, Page 2, Part III, Line 3

On june 22, 2012, due to significant operating losses, the board of directors voted to begin the process of winding down the operations of bridgeway. In august 2012, the last resident left the shelter. In september 2012, the organization sold the shelter building and the land to another nonprofit organization. The proceeds will be used to pay any outstanding expenses and liabilities of bridgeway. Any remaining cash and assets of the organization will be distributed to other exempt organizations with a similar mission to bridgeway.

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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc6CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc7CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc8CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc9CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc10CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc11CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc12CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc13CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc14CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc15CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc16CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc17CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc18CASH DONATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc19CASH DONATION
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