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Nonprofiteer
← BRIDGEWAY ACADEMY

Form 990 for tax year 2024

Filed by BRIDGEWAY ACADEMY.

Totals

Total revenue
$12,899,779
Total expenses
$12,424,985
Contributions and grants received
$886,477
Grants paid
$0
Program service revenue
$11,581,415
Investment income
$6,282
Other revenue
$425,605
Total assets, end of year
$17,074,845
Total liabilities, end of year
$8,838,424
Net assets or fund balances, end of year
$8,236,421
Program services expenses (Part IX)
$9,969,910
Management and general expenses
$2,149,911
Fundraising expenses
$305,164
Program service expenses (Part III)
$9,969,910

Program services were 80.2% 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.

  • 1c · Fundraising events

    $214,991

  • 1e · Government grants (contributions)

    $350,000

  • 1f · All other contributions, gifts and grants

    $321,486

  • 2a · Program service revenue: EDUCATION CENTER

    total $11,499,164 · related or exempt $11,499,164

  • 2b · Program service revenue: CHARTER REIMBURSEMENTS

    total $76,552 · related or exempt $76,552

  • 2c · Program service revenue: THERAPY CENTER

    total $5,699 · related or exempt $5,699

  • 3 · Investment income

    total $6,282 · excluded $6,282

  • 6a · Gross rents

    real property $8,754

  • 6b · Less rental expenses

    real property $74,507

  • 6c · Rental income or loss

    real property -$65,753

  • 6d · Net rental income or loss

    total -$65,753 · unrelated business -$33,827 · excluded -$31,926

  • 8a · Fundraising events: gross income

    $31,828

  • 8a · Fundraising events: contributions included on line 1c

    $214,991

  • 8b · Fundraising events: direct expenses

    $62,604

  • 8c · Net income from fundraising events

    total -$30,776 · excluded -$30,776

  • 10a · Gross sales of inventory

    $47,646

  • 10b · Cost of goods sold

    $39,111

  • 10c · Net income from sales of inventory

    total $8,535 · excluded $8,535

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $513,599 · related or exempt $513,599

  • 11e · Other revenue, total

    $513,599

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $329,680 · program services $278,304 · management and general $44,373 · fundraising $7,003

  • 7 · Other salaries and wages

    total $8,577,895 · program services $7,254,269 · management and general $1,141,090 · fundraising $182,536

  • 8 · Pension plan contributions

    total $45,752 · program services $38,622 · management and general $6,158 · fundraising $972

  • 9 · Other employee benefits

    total $520,790 · program services $439,633 · management and general $70,095 · fundraising $11,062

  • 10 · Payroll taxes

    total $718,637 · program services $606,647 · management and general $96,725 · fundraising $15,265

  • 11c · Fees: accounting

    total $21,417 · program services $17,067 · management and general $2,880 · fundraising $1,470

  • 11d · Fees: lobbying

    total $21,600 · management and general $21,600

  • 11g · Fees: other

    total $66,861 · program services $53,279 · management and general $8,992 · fundraising $4,590

  • 13 · Office expenses

    total $48,371 · program services $32,940 · management and general $14,631 · fundraising $800

  • 14 · Information technology

    total $35,763 · program services $28,498 · management and general $4,810 · fundraising $2,455

  • 16 · Occupancy

    total $573,219 · program services $510,473 · management and general $50,991 · fundraising $11,755

  • 17 · Travel

    total $23,033 · program services $18,495 · management and general $1,315 · fundraising $3,223

  • 20 · Interest

    total $265,136 · management and general $265,136

  • 22 · Depreciation, depletion and amortization

    total $580,647 · program services $400,644 · management and general $178,552 · fundraising $1,451

  • 23 · Insurance

    total $52,577 · program services $47,930 · management and general $3,595 · fundraising $1,052

  • 24a · Other expenses: CONTINUING EDUCATION

    total $202,055 · program services $90,663 · management and general $109,845 · fundraising $1,547

  • 24b · Other expenses: CREDIT LOSS PROVISION

    total $173,301 · program services $120,000 · management and general $30,301 · fundraising $23,000

  • 24c · Other expenses: MISCELLANEOUS

    total $165,261 · program services $32,446 · management and general $96,374 · fundraising $36,441

  • 24d · Other expenses: POSTAGE & PRINTING

    total $2,990 · management and general $2,448 · fundraising $542

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $394,324 · end of year $15,781

  • 3 · Pledges and grants receivable

    beginning of year $366,915 · end of year $233,972

  • 4 · Accounts receivable

    beginning of year $5,076,679 · end of year $5,768,220

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,742 · end of year $7,006

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

    $13,055,254

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

    $2,283,393

  • 10c · Land, buildings and equipment, net

    beginning of year $10,349,078 · end of year $10,771,861

  • 15 · Other assets

    beginning of year $1,032,592 · end of year $278,005

  • 17 · Accounts payable and accrued expenses

    beginning of year $633,165 · end of year $593,294

  • 19 · Deferred revenue

    beginning of year $1,122,723 · end of year $808,762

  • 23 · Secured mortgages and notes payable

    beginning of year $7,661,128 · end of year $7,276,629

  • 25 · Other liabilities

    beginning of year $125,044 · end of year $159,739

  • 27 · Net assets without donor restrictions

    beginning of year $7,630,736 · end of year $7,925,064

  • 28 · Net assets with donor restrictions

    beginning of year $130,534 · end of year $311,357

Mission and programs · 2024

Mission

TO INSPIRE THE POTENTIAL AND CELEBRATE THE ABILITY OF EVERY CHILD.

  • PROVIDE EDUCATION IN SEVERAL DIFFERENT CLASSROOM SETTING AND OPTION FOR CHILDREN WITH AUTISM AND OTHER DEVELOPMENTAL DISSABILITIES. INDIVIDUALIZED CLASSROOMS ARE PROVIDED FOR THE MOST SEVERE NEEDS WITH A RATIO OF NEARLY 1 TO 1. GROUP CLASSROOMS HAVE 3-5 TEACHERS WITH 8-15 STUDENTS. STUDENTS RANGE FROM EARLY INTERVENTION AGE THROUGH HIGH SCHOOL.

    Expenses $9,969,910 · Revenue $12,095,014

As filed on the 2024 return.

Listed in Part VII

  • Barbara Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Michelle Croft

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Dan Gore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Ben Greene

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Bailey Hanley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Kimberly James

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Olivia Leroux

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Lori McCarthy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Dave Moffatt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Christopher Moran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Carissa Perry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Rick Schostek

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Robert Shenton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Jaime Twanow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Andrew Vennemeyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Steve Zvonek

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Michelle Umali

    CHAIR

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Bart Keyes

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Christopher Capotosto

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Jocelyn Armstrong

    SERETARY

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Abigail David

    CO-FOUNDER/CEO

    Total calculated
    $156,382
    From this org
    $148,936
    From related orgs
    $0
    Other
    $7,446
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $148,936
    Bonus
    $0
    Other
    $0
    Deferred
    $7,446
    Nontaxable benefits
    $0
    Filer's total
    $156,382
  • Erin Nealy

    CO-FOUNDER/CEO

    Total calculated
    $173,298
    From this org
    $148,936
    From related orgs
    $0
    Other
    $24,362
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $148,936
    Bonus
    $0
    Other
    $0
    Deferred
    $9,593
    Nontaxable benefits
    $14,769
    Filer's total
    $173,298

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 April 2026
IRS schema version
2024v5.5
Source object
202631009349301218

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