Digibridge Inc
- Assets
- $1.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Charlotte, NC
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-4859045
Organization Overview
Digibridge Inc is located in Charlotte, NC. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Digibridge Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Digibridge Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Digibridge Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 55.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DIGI-BRIDGE SPARKS INTEREST AND PASSION IN SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH (STEAM) LEARNING, ENSURING THAT STUDENTS HAVE THE OPPORTUNITIES AND SKILLS TO SUCCEED IN A RAPIDLY-CHANGING WORLD BY FOSTERING CURIOSITY, CREATIVITY, EXPLORATION, PERSISTENCE, AND RESILIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIGI-BRIDGE SERVES K-8 GRADE STUDENTS IN OUT-OF-SCHOOL TIME STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH) EXPERIENCES. DIGI-BRIDGE SERVED 5,000 YOUTH DURING FY23 THROUGH A VARIETY OF PROGRAMS INCLUDING STEAMLAB, STEAMKITS, COMPETITION ROBOTICS AND PROGRAMMING TEAMS, SUMMER CAMPS, AND COMMUNITY EVENTS. THESE EXPERIENCES ARE OFFERED FREE OF CHARGE TO STUDENTS FROM TITLE 1 SCHOOL COMMUNITIES. DIGI-BRIDGE'S PROGRAMS TAKE PLACES DURING AFTERSCHOOL OR OUT OF SCHOOL TIME HOURS DURING THE SCHOOL YEAR AND SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou Jerome Board Chair | OfficerTrustee | 2 | $0 |
Stephen Vogel Finance & Audit Chair | OfficerTrustee | 2 | $0 |
Vanessa Rabito Vice Chair | OfficerTrustee | 2 | $0 |
Erin Culbert Secretary | OfficerTrustee | 2 | $0 |
Robert Bramwell Director | Trustee | 1 | $0 |
Erin Barksdale Coles Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,332,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,332,945 |
| Total Program Service Revenue | $247,816 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,580,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,000 |
| Compensation of current officers, directors, key employees. | $9,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,140 |
| Payroll taxes | $40,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,702 |
| Office expenses | $4,980 |
| Information technology | $10,676 |
| Royalties | $0 |
| Occupancy | $19,220 |
| Travel | $836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,666 |
| All other expenses | $0 |
| Total functional expenses | $1,358,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,413,158 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $80,056 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,987 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,515,201 |
| Accounts payable and accrued expenses | $8,048 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,134 |
| Total liabilities | $10,182 |
| Net assets without donor restrictions | $1,336,647 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,515,201 |