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Nonprofiteer
← ACHIEVEMENT FIRST BRIDGEPORT ACADEMY INC

Form 990 for tax year 2022

Filed by ACHIEVEMENT FIRST BRIDGEPORT ACADEMY INC.

Totals

Total revenue
$17,481,213
Total expenses
$16,962,114
Contributions and grants received
$2,101,147
Grants paid
$900
Program service revenue
$15,193,305
Investment income
$139,944
Other revenue
$46,817
Total assets, end of year
$12,444,966
Total liabilities, end of year
$4,784,698
Net assets or fund balances, end of year
$7,660,268
Program services expenses (Part IX)
$14,873,463
Management and general expenses
$2,040,651
Fundraising expenses
$48,000
Program service expenses (Part III)
$14,873,463

Program services were 87.7% 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.

  • 1e · Government grants (contributions)

    $1,178,484

  • 1f · All other contributions, gifts and grants

    $922,663

  • 1g · Noncash contributions included above

    $42,789

  • 2a · Program service revenue: STATE AND LOCAL PER PUPIL OR

    total $12,934,122 · related or exempt $12,934,122

  • 2b · Program service revenue: FEES FROM GOV'T TO PERFORM SERVIC

    total $1,841,183 · related or exempt $1,841,183

  • 2c · Program service revenue: LOCAL SPECIAL EDUCATION REVENUE

    total $418,000 · related or exempt $418,000

  • 3 · Investment income

    total $141,296 · excluded $141,296

  • 7b · Less cost or other basis and sales expenses

    other assets $1,352

  • 7c · Gain or loss

    other assets -$1,352

  • 7d · Net gain or loss

    total -$1,352 · excluded -$1,352

  • 11d · All other revenue

    total $46,817 · related or exempt $46,817

  • 11e · Other revenue, total

    $46,817

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $900 · program services $900

  • 5 · Compensation of officers, directors and key employees

    total $73,464 · program services $63,617 · management and general $9,847

  • 7 · Other salaries and wages

    total $9,020,008 · program services $7,811,008 · management and general $1,209,000

  • 8 · Pension plan contributions

    total $39,994 · program services $34,633 · management and general $5,361

  • 9 · Other employee benefits

    total $763,789 · program services $661,415 · management and general $102,374

  • 10 · Payroll taxes

    total $622,118 · program services $538,732 · management and general $83,386

  • 11a · Fees: management

    total $1,590,716 · program services $1,463,180 · management and general $79,536 · fundraising $48,000

  • 11c · Fees: accounting

    total $37,939 · management and general $37,939

  • 11g · Fees: other

    total $93,151 · program services $74,421 · management and general $18,730

  • 12 · Advertising and promotion

    total $16,790 · program services $16,790

  • 13 · Office expenses

    total $420,231 · program services $319,228 · management and general $101,003

  • 14 · Information technology

    total $567,396 · program services $552,403 · management and general $14,993

  • 16 · Occupancy

    total $263,269 · program services $227,982 · management and general $35,287

  • 20 · Interest

    total $53,515 · management and general $53,515

  • 22 · Depreciation, depletion and amortization

    total $621,500 · program services $497,200 · management and general $124,300

  • 23 · Insurance

    total $154,164 · program services $133,501 · management and general $20,663

  • 24a · Other expenses: STUDENT SERVICES

    total $1,163,454 · program services $1,163,454

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $815,606 · program services $706,286 · management and general $109,320

  • 24c · Other expenses: SUPPLIES/MATERIALS

    total $330,926 · program services $330,926

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $145,515 · program services $135,619 · management and general $9,896

  • 24e · All other expenses

    total $167,669 · program services $142,168 · management and general $25,501

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,260,259 · end of year $1,033,681

  • 2 · Savings and temporary cash investments

    beginning of year $5,803,589 · end of year $3,083,690

  • 3 · Pledges and grants receivable

    beginning of year $631,329 · end of year $897,699

  • 9 · Prepaid expenses and deferred charges

    beginning of year $172,365 · end of year $135,991

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

    $12,708,889

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

    $5,768,701

  • 10c · Land, buildings and equipment, net

    beginning of year $7,435,627 · end of year $6,940,188

  • 14 · Intangible assets

    end of year $295,851

  • 15 · Other assets

    beginning of year $15,270 · end of year $57,866

  • 17 · Accounts payable and accrued expenses

    beginning of year $228,015 · end of year $259,125

  • 23 · Secured mortgages and notes payable

    beginning of year $2,025,744 · end of year $2,471,280

  • 25 · Other liabilities

    beginning of year $5,923,511 · end of year $2,054,293

  • 27 · Net assets without donor restrictions

    beginning of year $6,824,817 · end of year $7,281,354

  • 28 · Net assets with donor restrictions

    beginning of year $316,352 · end of year $378,914

Mission and programs · 2022

Mission

THE MISSION OF ACHIEVEMENT FIRST BRIDGEPORT ACADEMY, INC. IS TO STRENGTHEN THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP-TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES. THE SCHOOL SERVES STUDENTS FROM LOW-INCOME HOUSEHOLDS IN BRIDGEPORT, CONNECTICUT. THE SCHOOL OPERATED CLASSES FOR STUDENTS KINDERGARTEN THROUGH TWELFTH GRADE.

Activities or mission (Part I)

THE MISSION OF ACHIEVEMENT FIRST BRIDGEPORT ACADEMY, INC. IS TO STRENGTHEN THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP-TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES. THE SCHOOL SERVES STUDENTS FROM LOW INCOME HOUSEHOLDS IN BRIDGEPORT, CONNECTICUT. THE SCHOOL OPERATED CLASSES FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE.

  • ACADEMIC PROGRAMS FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE.

    Expenses $14,873,463 · Grants $900 · Revenue $15,240,122

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Debra Hertz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dewey Loselle

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ebrima Jobe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Bruce

    PARENT REP

    Total calculated
    $0
    Hours/week
    1

  • Marlene Macauda

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michael Strambler

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rajeev Lakra

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Richard Kalt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ruben Felipe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ro-Anne Thomas

    TEACHER REP

    Total calculated
    $74,979
    From this org
    $65,591
    From related orgs
    $0
    Other
    $9,388
    Hours/week
    40

  • Natalie D'Ademo

    TEACHER

    Total calculated
    $112,059
    From this org
    $102,667
    From related orgs
    $0
    Other
    $9,392
    Hours/week
    40

  • Stephanie Fox Tunis

    PRINCIPAL

    Total calculated
    $148,200
    From this org
    $134,516
    From related orgs
    $0
    Other
    $13,684
    Hours/week
    40

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
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202441289349300304

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