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Nonprofiteer
← THE BRIDGE OF SOUTHERN NEW MEXICO

Form 990 for tax year 2024

Filed by THE BRIDGE OF SOUTHERN NEW MEXICO.

Totals

Total revenue
$102,684
Total expenses
$195,670
Contributions and grants received
$45,100
Grants paid
$0
Program service revenue
$0
Investment income
$56,440
Other revenue
$1,144
Total assets, end of year
$242,169
Total liabilities, end of year
$3,975
Net assets or fund balances, end of year
$238,194
Program services expenses (Part IX)
$169,713
Management and general expenses
$25,957
Fundraising expenses
$0
Program service expenses (Part III)
$169,713

Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $45,100

  • 3 · Investment income

    total $56,440 · related or exempt $51,425 · excluded $5,015

  • 11a · Other revenue: MISCELLANEOUS

    total $1,144 · related or exempt $1,144

  • 11e · Other revenue, total

    $1,144

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $105,366 · program services $94,829 · management and general $10,537

  • 6 · Compensation of disqualified persons

    total $12,825 · program services $11,542 · management and general $1,283

  • 8 · Pension plan contributions

    total $3,468 · program services $3,468

  • 10 · Payroll taxes

    total $17,762 · program services $15,986 · management and general $1,776

  • 11c · Fees: accounting

    total $7,912 · program services $3,956 · management and general $3,956

  • 11g · Fees: other

    total $6,486 · program services $6,486

  • 12 · Advertising and promotion

    total $1,568 · program services $1,568

  • 13 · Office expenses

    total $10,714 · program services $5,357 · management and general $5,357

  • 16 · Occupancy

    total $639 · program services $319 · management and general $320

  • 17 · Travel

    total $12,768 · program services $12,768

  • 19 · Conferences, conventions and meetings

    total $1,148 · program services $1,148

  • 22 · Depreciation, depletion and amortization

    total $334 · program services $334

  • 23 · Insurance

    total $2,718 · management and general $2,718

  • 24a · Other expenses: BUSINESS MEALS

    total $3,939 · program services $3,939

  • 24b · Other expenses: PROFESSIONAL DEVELOPMENT

    total $2,280 · program services $2,280

  • 24c · Other expenses: SPONSORSHIP

    total $2,275 · program services $2,275

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $1,406 · program services $1,406

  • 24e · All other expenses

    total $2,062 · program services $2,052 · management and general $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,468 · end of year $160,930

  • 2 · Savings and temporary cash investments

    beginning of year $31,041 · end of year $31,041

  • 10a · Land, buildings and equipment: cost or other basis

    $1,666

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,472

  • 10c · Land, buildings and equipment, net

    beginning of year $528 · end of year $194

  • 12 · Investments: other securities

    beginning of year $50,004 · end of year $50,004

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,861 · end of year $3,975

  • 27 · Net assets without donor restrictions

    beginning of year $331,180 · end of year $204,441

  • 28 · Net assets with donor restrictions

    end of year $33,753

Mission and programs · 2024

Mission

THE BRIDGE OF SOUTHERN NEW MEXICO FACILITATES COLLABORATION AND LEVERAGES RESOURCES BETWEEN PUBLIC AND PRIVATE SECTORS TO SUPPORT EDUCATIONAL EXCELLENCE AND OPTIMIZE THE COUNTY'S WORKFORCE.

Activities or mission (Part I)

TO PROVIDE A BRIDGE BETWEEN EDUCATION AND EMPLOYMENT TO BOOST ECONOMIC EMPOWERMENT OF FAMILIES AND IMPROVE THE PROSPERITY OF THE REGION.

  • THE BRIDGE OF SOUTHERN NEW MEXICO IS SOLELY FOCUSED ON PLAYING THE ROLE OF THE BACKBONE IN A COLLECTIVE IMPACT INITIATIVE THAT CONNECTS THE EDUCATIONAL, WORKFORCE AND ECONOMIC DEVELOPMENT ASSETS OF DONA ANA COUNTY TO INCREASE HIGH SCHOOL GRADUATION RATES AND CREATE SEAMLESS PATHWAYS FOR STUDENTS FROM HIGH SCHOOL TO COLLEGE AND/OR CAREER. SINCE THE WORK BEGAN, GRADUATION RATES HAVE INCREASED FROM 51% IN 2007 (PRIOR TO THE BRIDGE'S FORMATION) TO 83% IN 2020. AS A RESULT OF THIS INCREASE, THE COUNTY CAN PROJECT INCREASED INCOMES FROM THESE GRADUATES OF 6 TO 10 MILLION ANNUALLY. THE BRIDGE HAS PARTNERED WITH AND CONNECTED 25 PUBLIC AND PRIVATE SECTOR PARTNERS. THE FIRST OUTCOME OF THE BRIDGE WAS THE LAUNCH OF THE ARROWHEAD PARK EARLY COLLEGE HIGH SCHOOL, WHICH CONTINUES TO EXPERIENCE NEAR 100% GRADUATION RATES. THE SCHOOL AND THE BUSINESS-LED EDUCATION-FOCUSED PARTNERSHIP HAS CONTINUED TO SERVE AS A MODEL FOR THE STATE. THE BRIDGE CONTINUES TO BE A CHAMPION FOR DUAL CREDIT COURSES, WHICH CAN BE DIRECTLY CORRELATED TO THE STATE'S RISING GRADUATION RATES AND CONFIRMED BY COUNTLESS RESEARCH STUDIES. THE BRIDGE IS NOW WORKING TO ADDRESS THE SECOND OF ITS TWO GOALS -TO BUILD A SKILLED AND READY WORKFORCE FOR THE COUNTY, AND IS CURRENTLY LEADING A COLLABORATION OF PARTNERS IN IMPLEMENTING A PLAN TO GUIDE FUTURE EFFORTS IN THE COUNTY AND REGION.

    Expenses $166,245

  • PROGRAM CONTRACT JOB WITH NM PUBLIC EDUCATION DEPARTMENT TO FACILITATE THE COMPREHENSIVE LOCAL NEED ASSESSMENTS FOR PERKINS V FOR NEW MEXICO.

    Expenses $3,468

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BETH HOFFMAN

    CEO

    Total calculated
    $105,366
    From this org
    $105,366
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DEBBI MOORE

    BOARD CHAIR

    Total calculated
    $0

  • MONICA TORRES PH D

    BOARD VICE C

    Total calculated
    $0

  • CRAIG BUCHANAN

    BOARD TREASU

    Total calculated
    $0

  • JOSHUA OROZCO

    MEMBER

    Total calculated
    $0

  • TRAVIS DEMPSEY

    MEMBER

    Total calculated
    $0

  • JESSICALYN ROBLES

    MEMBER

    Total calculated
    $0

  • KEN VAN WINKLE PHD

    MEMBER

    Total calculated
    $0

  • JOE BULLINGTON

    MEMBER

    Total calculated
    $0

  • MICHAEL CHAVEZ

    MEMBER

    Total calculated
    $0

  • RICK JACKSON

    MEMBER

    Total calculated
    $0

  • ALBERT PARRA

    MEMBER

    Total calculated
    $0

  • RALPH RAMOS

    MEMBER

    Total calculated
    $0

  • IFO PILI

    MEMBER

    Total calculated
    $0

  • JONATHAN MACIAS

    MEMBER

    Total calculated
    $0

  • ERIC MONTGOMERY

    MEMBER

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.0
Source object
202531359349316158

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