Civic Intelligence

Bridges Baltimore Inc.

990 • Fiscal year 2024 • EIN 87-1043861

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 18, 2025

540 E Belvedere Avenue Suite 201Baltimore, MD 21212

(443) 269-2303

Siviq Scores

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

Liabilities / Assets

29th percentile

0.05x

Higher debt load relative to assets than 29% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

39th percentile

$155,794

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

99th percentile

440%

Faster asset growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2024

Assets

Up

$11,496,113

Up $9,830,479 (+590%) from 2022

Net Assets

Up

$10,968,882

Up $9,312,272 (+562%) from 2022

Liabilities

Up

$527,231

Up $518,207 (+5743%) from 2022

Revenue

Up

$11,888,073

Up $11,515,609 (+3092%) from 2022

Expenses

Up

$2,622,271

Up $2,606,881 (+16939%) from 2022

Net Income

Up

$9,265,802

Up $8,908,728 (+2495%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2022: $1,665,634Liabilities 2022: $9,024Net Assets 2022: $1,656,6102022Assets 2024: $11,496,113Liabilities 2024: $527,231Net Assets 2024: $10,968,8822024Assets 2025: $11,411,610Liabilities 2025: $578,519Net Assets 2025: $10,833,0912025

Highlighted filing

2024

Assets$11,496,113
Liabilities$527,231
Net Assets$10,968,882

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2022: $372,464Expenses 2022: $15,390Net Income 2022: $357,0742022Revenue 2024: $11,888,073Expenses 2024: $2,622,271Net Income 2024: $9,265,8022024Revenue 2025: $3,050,158Expenses 2025: $3,196,959Net Income 2025: -$146,8012025

Highlighted filing

2024

Revenue$11,888,073
Expenses$2,622,271
Net Income$9,265,802
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 18, 2025
Return Version
2023v6.0
Gross Receipts
$12,208,254
Mission and Program Overview

Mission

Bridges baltimore, inc. Is committed to the long-term success of baltimore city youth and to providing life changing opportunities for independent school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$521,500$9,951,334▲ $9,429,834
Cash and Non-Interest-Bearing Accounts$1,147,017$938,672▼ $208,345
Prepaid Expenses and Deferred Charges$24,867$69,886▲ $45,019
Land, Buildings, and Equipment, Net$0$61,417▲ $61,417
Total Assets$2,192,450$11,496,113▲ $9,303,663
Other Assets Total$499,066$474,804▼ $24,262
Liabilities
Other Liabilities$474,075$496,556▲ $22,481
Accounts Payable and Accrued Expenses$27,495$30,675▲ $3,180
Total Liabilities$501,570$527,231▲ $25,661
Net Assets / Fund Balance
Net Assets With Donor Restrictions$658,199$10,272,349▲ $9,614,150
Net Assets Without Donor Restrictions$1,032,681$696,533▼ $336,148
Total Net Assets Fund Balance$1,690,880$10,968,882▲ $9,278,002
Total Liabilities and Net Assets / Fund Balance$2,192,450$11,496,113▲ $9,303,663

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$61,417$5,583$67,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$177,919-▲ $16,195-$193,633
2023$167,199-▲ $11,175-$177,919
2022$197,033-▼ $29,196-$167,199
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert PaymerExecutive DirectorFT$143,250$12,544$155,794
Rachel DudenDeputy DirectorFT$115,419$10,903$126,322

Board Members and Trustees

NameTitle
Mark NeumannBoard Chair
Bryan D PowellBoard Member
Carim KhouzamiBoard Member
Ellen BernardBoard Member
Flynn BurchBoard Member
Henry SmythBoard Member
Jim SmithBoard Member
Josh LevinsonBoard Member
Lynn RauchBoard Member
Phil PineBoard Member
Roger SchulmanBoard Member
Vickie CosbyBoard Member
Doug GreensteinSecretary
Paul McbrideTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,778,784
Program Service Revenue
$89,127
Investment Income
$14,786
Other Revenue
$5,376
All Other Contributions
$11,778,784
Change in Net Assets
$9,265,802

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,888,073
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$667,694
Total Revenue per Audited Statements
$12,555,767
Total Revenue per Form 990
$11,888,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,623,777
Other Expenses$998,494
Total Fundraising Expense$310,643
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$843,263$165,666$203,864$1,212,793
Current Officers, Directors, Trustees, and Key Employees$79,200$31,680$47,520$158,400
Payroll Taxes$68,422$13,442$16,541$98,405
Other Employee Benefits$62,776$12,333$15,176$90,285
Travel$85,680$3,373-$89,053
Fees for Services Accounting-$85,068-$85,068
Pension Plan Contributions$44,426$8,728$10,740$63,894
Occupancy$26,388$26,388-$52,776
All Other Expenses$34,135$15,608$2,645$52,388
Office Expenses$16,043$24,577-$40,620
Information Technology$17,970$5,870$5,758$29,598
Advertising$1,701$3,838$8,089$13,628
Other Expenses$23,138$11,687-$11,687
Fees for Services Other$18$9,108$310$9,436
Depreciation Depletion$5,583--$5,583
Total Functional Expenses$1,894,262$417,366$310,643$2,622,271

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,277,765
Expenses per Audited Statements$2,622,271
Total Expenses per Form 990$2,622,271
Expenses Not Reported on Form 990$655,494
Expenses Not Reported on Financial Statements$0
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
Operating Lease Liabilities, Net of Current Maturities$267,752
Due to Program Locations$175,411
Current Maturities of Operating Lease Liabilities$41,493
Deffered Revenue$11,900
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
No
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, Part VI, Section A, Line 8B

The organization is not made up of committees. There is no committee to act on behalf of the governing body.

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

Line 11a explanation - the 990 will be approved by the finance committee and circulated to the board.

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

Bridges baltimore, inc. Distributes the policy to the board annually to ensure understanding. It also holds a full staff meeting to review the employee handbook at the beginning of each fiscal year.

Form 990, Part VI, Section C, Line 19

The organizations governing documents, conflict of interest policy, and financial statements can be made avaliable upon request.

Filing and Contact Details

Filer

Filer Name
Bridges Baltimore Inc
EIN
87-1043861
Phone
4432692303
Address
540 E BELVEDERE AVENUE SUITE 201, BALTIMORE, MD 21212

Signing Officer

Name
Robert Paymer
Title
Executive Director
Phone
4432692303
Signed
2025-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Paymer
Formed
2021
Legal Domicile
Md
Voting Board Members
14
Independent Board Members
14
Employees
10
Volunteers
23

Preparer

Firm
Gross Mendelsohn & Associates Pa
Address
1801 PORTER STREET SUITE 500, BALTIMORE, MD 21230
Preparer
Lisa B Johnson
Phone
4106855512
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal and state income taxes under internal revenue code 501(c)(3). Income that is not related to exempt purposes, less applicable deductions, is subject to federal and state income taxes. The organization had no unrelated business income for the year ended june 30, 2024. Accordingly, no provision for income taxes is reflected in these financial statements. The organization's federal exempt tax returns are subject to examination by the internal revenue service, generally for a period of three years after the returns are filed.

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IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BRIDGES BALTIMORE, INC. IS COMMITTED TO THE LONG-TERM SUCCESS OF BALTIMORE CITY YOUTH AND TO PROVIDING LIFE CHANGING OPPORTUNITIES FOR INDEPENDENT SCHOOL STUDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt010968882
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04764
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt012200
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01032681
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0696533
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt026388
IRS990/OccupancyGrp/ProgramServicesAmt026388
IRS990/OccupancyGrp/TotalAmt052776
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024577
IRS990/OfficeExpensesGrp/ProgramServicesAmt016043
IRS990/OfficeExpensesGrp/TotalAmt040620
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0499066
IRS990/OtherAssetsTotalGrp/EOYAmt0474804
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt015176
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012333
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt062776
IRS990/OtherEmployeeBenefitsGrp/TotalAmt090285
IRS990/OtherExpensesGrp/Desc0PROGRAM ACTIVITIES AND
IRS990/OtherExpensesGrp/Desc1STUDENT SUPPORT
IRS990/OtherExpensesGrp/Desc2FIELD TRIPS
IRS990/OtherExpensesGrp/Desc3INSURANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011687
IRS990/OtherExpensesGrp/ProgramServicesAmt0513462
IRS990/OtherExpensesGrp/ProgramServicesAmt172057
IRS990/OtherExpensesGrp/ProgramServicesAmt223138
IRS990/OtherExpensesGrp/TotalAmt0513462
IRS990/OtherExpensesGrp/TotalAmt172057
IRS990/OtherExpensesGrp/TotalAmt223138
IRS990/OtherExpensesGrp/TotalAmt311687
IRS990/OtherLiabilitiesGrp/BOYAmt0474075
IRS990/OtherLiabilitiesGrp/EOYAmt0496556
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REFUNDS
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0203864
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0165666
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0843263
IRS990/OtherSalariesAndWagesGrp/TotalAmt01212793
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt016541
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013442
IRS990/PayrollTaxesGrp/ProgramServicesAmt068422
IRS990/PayrollTaxesGrp/TotalAmt098405
IRS990/PensionPlanContributionsGrp/FundraisingAmt010740
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08728
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt044426
IRS990/PensionPlanContributionsGrp/TotalAmt063894
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0521500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt09951334
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024867
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt069886
IRS990/PrincipalOfficerNm0ROBERT PAYMER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM AND ADMISSION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt089127
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IRS990/ProgSrvcAccomActy2Grp/Desc0BRIDGES BALTIMORE, INC. CREATES A SPACE FOR INDEPENDENT SCHOOL STUDENTS OF ALL BACKGROUNDS TO BUILD CLOSE AND CARING RELATIONSHIPS WITH BALTIMORE CITY SCHOOL STUDENTS TO LEARN ABOUT ISSUES OF UNEQUAL ACCESS AND OPPORTUNITIES IN BALTIMORE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0488478
IRS990/ProgSrvcAccomActy3Grp/Desc0BRIDGES BALTIMORE, INC. PROVIDES 1:1 COACHING AND SUPPORT FOR COLLEGE STUDENTS AND STUDENTS STARTING OUT IN THEIR CAREERS, SEASONAL PROGRAMS WHEN STUDENTS ARE ON BREAKS, AND CONNECTIONS TO INTERNSHIPS AND SHADOW DAYS WITH BRIDGES' CAREER PARTNERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0348329
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt09265802
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt089127
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FISCAL YEAR ENDED JUNE 30, 2022 WAS A SHORT YEAR BEGINNING AUGUST 1, 2021.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02082365
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0366736
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014227885
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010022
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt016210
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05376
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05376
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02082365
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0366736
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014227885
IRS990ScheduleA/TotalSupportAmt014249471
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0481
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0193633
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt016195
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0455
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0167199
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0177919
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011175
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0638
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0197033
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0167199
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-29196
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0655494
IRS990ScheduleD/DonatedServicesUseFcltsAmt0655494
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/ExpensesNotReportedAmt0655494
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02622271
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt061417
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05583
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt067000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0175411

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