Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $5,909

• 2a · Program service revenue: THERAPY CENTER

  total $6,356,427 · related or exempt $6,356,427

• 3 · Investment income

  total $43 · excluded $43

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $25,289 · program services $25,289

• 7 · Other salaries and wages

  total $5,114,600 · program services $4,720,751 · management and general $393,849

• 8 · Pension plan contributions

  total $77,472 · program services $71,506 · management and general $5,966

• 9 · Other employee benefits

  total $218,152 · program services $201,353 · management and general $16,799

• 10 · Payroll taxes

  total $421,492 · program services $389,035 · management and general $32,457

• 11a · Fees: management

  total $513,599 · management and general $513,599

• 11b · Fees: legal

  total $13,750 · program services $11,894 · management and general $1,856

• 11c · Fees: accounting

  total $12,722 · program services $11,005 · management and general $1,717

• 11d · Fees: lobbying

  total $8,400 · management and general $8,400

• 11g · Fees: other

  total $4,926 · program services $4,263 · management and general $663

• 13 · Office expenses

  total $120,294 · program services $103,195 · management and general $17,099

• 14 · Information technology

  total $15,085 · program services $13,049 · management and general $2,036

• 16 · Occupancy

  total $230,936 · program services $218,649 · management and general $12,287

• 17 · Travel

  total $12,749 · program services $12,749

• 23 · Insurance

  total $22,533 · program services $21,927 · management and general $606

• 24a · Other expenses: CREDIT LOSS PROVISION

  total $674,571 · program services $674,571

• 24b · Other expenses: CONTINUING EDUCATION

  total $31,061 · program services $30,989 · management and general $72

• 24c · Other expenses: MISCELLANEOUS

  total $14,740 · program services $11,107 · management and general $3,633

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $135,642 · end of year $93,019

• 2 · Savings and temporary cash investments

  beginning of year $343,105 · end of year $12

• 4 · Accounts receivable

  beginning of year $1,571,224 · end of year $2,395,149

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

  $1,917

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $1,917 · end of year $1,917

• 17 · Accounts payable and accrued expenses

  beginning of year $375,806 · end of year $364,950

• 24 · Unsecured notes and loans payable

  end of year $266,821

• 25 · Other liabilities

  beginning of year $3,176,018 · end of year $4,528,607

• 27 · Net assets without donor restrictions

  beginning of year -$1,499,936 · end of year -$2,670,281

The filer's explanations (Part III)

PART I, LINE 3

ALL COMPENSATION IS PAID THROUGH THE RELATED ORGANIZATION, BRIDGEWAY ACADEMY. ALL SALARY INCREASES FOR DIRECTORS ARE RECOMMENDED TO THE BOARD BY THE PROPER BOARD COMMITTEE CHAIR AFTER RESEARCH ON CURRENT MARKET RATES USING COMPARABILITY DATA AND A PROPOSAL IS WRITTEN. THE BOARD THEN APPROVES ANY RECOMMENDED INCREASE.