Form 990 for tax year 2023

Totals

Total revenue

$152,069

Total expenses

$126,593

Contributions and grants received

$150,197

Grants paid

$0

Program service revenue

$0

Investment income

$1,872

Other revenue

$0

Total assets, end of year

$334,041

Total liabilities, end of year

$2,861

Net assets or fund balances, end of year

$331,180

Program services expenses (Part IX)

$110,119

Management and general expenses

$16,474

Fundraising expenses

$0

Program service expenses (Part III)

$110,119

Program services were 87.0% 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.

Mission and programs · 2023

• 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 $110,119

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

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

2023

Filed

18 July 2024

IRS schema version

2023v5.0

Source object

202402859349301675

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.