The Bridge Of Southern New Mexico
- Assets
- $317.0k
- Revenue
- $273.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Las Cruces, NM
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 85-0443321
Organization Overview
The Bridge Of Southern New Mexico is located in Las Cruces, NM. The organization was established in 1999. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Of Southern New Mexico 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 12/2021, Bridge Of Southern New Mexico generated $273.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $156.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A BRIDGE BETWEEN EDUCATION AND EMPLOYMENT TO BOOST ECONOMIC EMPOWERMENT OF FAMILIES AND IMPROVE THE PROSPERITY OF THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
PROGRAM CONTRACT JOB WITH NM PUBLIC EDUCATION DEPARTMENT 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey P Bryan Ceo/presiden | Officer | 40 | $98,800 |
Monica Torres Ph D Board Vice C | OfficerTrustee | $0 | |
Craig Buchanan Board Treasu | OfficerTrustee | $0 | |
Debbi Moore Board Chair | OfficerTrustee | $0 | |
Dan Arvizu Ph D Member | Trustee | $0 | |
Joe Bullington Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,242 |
| Total Program Service Revenue | $60,000 |
| Investment income | $2,953 |
| 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 | $273,467 |
| 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. | $98,800 |
| Compensation of current officers, directors, key employees. | $9,880 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,577 |
| Advertising and promotion | $21,829 |
| Office expenses | $6,263 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $364 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $333 |
| Insurance | $2,105 |
| All other expenses | $235 |
| Total functional expenses | $156,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,070 |
| Savings and temporary cash investments | $33,753 |
| Pledges and grants receivable | $0 |
| 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 | $1,194 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $317,017 |
| Accounts payable and accrued expenses | $2,921 |
| 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 | $0 |
| Total liabilities | $2,921 |
| Net assets without donor restrictions | $279,093 |
| Net assets with donor restrictions | $35,003 |
| 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 | $317,017 |
Grants Awarded
Over the last fiscal year, The Bridge Of Southern New Mexico has awarded $82,696 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GADSDEN INDEPENDENT SCHOOL DISTRICT PURPOSE: EARLY COLLEGE HS | $20,674 |
HOBBS MUNICIPAL SCHOOLS PURPOSE: EARLY COLLEGE HS | $20,674 |
CARLSBAD MUNICIPAL SCHOOLS PURPOSE: EARLY COLLEGE HS | $20,674 |
Albuquerque, NM PURPOSE: EARLY COLLEGE HS | $20,674 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Bridge Of Southern New Mexico has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Daniels Fund Denver, CO PURPOSE: TRUE TALENT CTE PROGRAM | $50,000 |
Daniels Fund Denver, CO PURPOSE: TRUE TALENT CTE PROGRAM | $50,000 |
Union Pacific Foundation Omaha, NE PURPOSE: CAREER AWARENESS CAMPAIGNS | $10,000 |
Endowment Analysis
| Beg. Balance | $30,850 |
| Earnings | $4,472 |
| Admin Expense | $1,569 |
| Ending Balance | $33,753 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Motivation Education And Training New Caney, TX | $14,481,914 | $42,182,690 |
Training Rehabilitation & Development Institute Inc San Antonio, TX | $28,859,622 | $32,148,928 |
Workforce Solutions For South Texas Laredo, TX | $2,166,011 | $19,867,882 |
Deep East Texas Local Workforce Development Board Incorporated Lufkin, TX | $1,729,428 | $18,410,549 |
Launch Global Richardson, TX | $5,975,467 | $10,354,602 |
Rural Capital Area Workforce Development Board Inc Cedar Park, TX | $3,449,616 | $9,394,999 |
Project Quest Inc San Antonio, TX | $2,369,598 | $9,372,995 |
Texas Educational Foundation Inc San Antonio, TX | $1,129,254 | $386,993 |
Gulf Coast Carpenters & Millwrights Training Trust Fund Austin, TX | $15,423,241 | $7,036,287 |
Southwestern Line Construction Electrical Joint Apprenticeship Albuquerque, NM | $14,369,563 | $8,044,899 |
Arizona Pipe Trades Joint Apprenticeship Trust Phoenix, AZ | $15,602,426 | $5,116,585 |
Mountain States Line Constructors Apprenticeship & Trng Joint Comm West Jordan, UT | $17,284,814 | $7,133,339 |