Bridges Academy
- Assets
- $15.1m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 104
- Location
- Studio City, CA
- Founding
- 11/2000
- Data as of
- 06/2021
- EIN
- 95-4659439
Organization Overview
Bridges Academy is located in Studio City, CA. The organization was established in 2000. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Bridges Academy employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges Academy 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 06/2021, Bridges Academy generated $10.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $9.7m during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING STUDENTS TO THRIVE ACADEMICALLY AND SOCIALLY THROUGH SMALL CLASSES AND DIFFERENTIATED INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIDGES ACADEMY IS A DAY SCHOOL IN STUDIO CITY, CALIFORNIA, THAT EDUCATES A DIVERSE GROUP OF 190 GIFTED STUDENTS (GRADES 4-12) WITH A RANGE OF STRENGTHS, INTERESTS, AND LEARNING DIFFERENCES. WE REFER TO THESE STUDENTS AS TWICE-EXCEPTIONAL OR 2E. BRIDGES ACADEMY HAS SPECIALIZED IN THE EDUCATION OF 2E STUDENTS FOR OVER 25 YEARS. BRIDGES ACADEMY PROVIDES A RIGOROUS, INNOVATIVE CURRICULUM THAT EMPHASIZES THE STRENGTHS, GIFTS, AND TALENTS OF ITS STUDENTS, WHILE PROACTIVELY OFFERING OPTIONS AND TOOLS TO ADDRESS THEIR LEARNING DIFFERENCES. OUR CORE VALUES INCLUDE EMBRACING COGNITIVE DIVERSITY, EMPHASIZING STRENGTHS AND TALENTS, EMPOWERING LEARNERS, AND ENSURING EQUITY AND ACCESS. THE SCHOOL PREPARES STUDENTS FOR THE 21ST CENTURY AND ITS MANY OPPORTUNITIES, INCLUDING UNIVERSITY STUDIES, AND ARTISTIC AND ENTREPRENEURIAL ENDEAVORS. THE CENTER FOR TWICE-EXCEPTIONAL RESEARCH AND PROFESSIONAL DEVELOPMENT EDUCATES AND SUPPORTS EDUCATORS AND THE BROADER COMMUNITY IN THE IDENTIFICATION, UNDERSTANDING AND EDUCATION OF TWICE-EXCEPTIONAL STUDENTS. BY SEEKING OUT AND DEVELOPING BEST PRACTICES THROUGH RESEARCH, CURRICULUM DEVELOPMENT, OUTREACH, AND TEACHER TRAINING, THE 2E CENTER ALLOWS DEVELOPMENT AND SHARING OF KNOWLEDGE TO BENEFIT THIS UNDERSERVED POPULATION. DURING THE COVID-19 PANDEMIC, THE SCHOOL CONVERTED TO ONLINE LESSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Sabatino Head Of School | Officer | 40 | $232,289 |
Christopher R Weibe Associate Head Of School | 40 | $102,935 | |
Anthony Vo Business Manager | Officer | 40 | $91,528 |
Lori Lepler Co-Vice Chair | OfficerTrustee | 10 | $0 |
Karen Breslow Co-Vice Chair | OfficerTrustee | 10 | $0 |
Ellen Rosen Chair | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bill Keating General Contractor | 6/29/21 | $123,263 |
Us Security Associates Inc Security Contractor | 6/29/21 | $113,003 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,308,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $592,863 |
| Noncash contributions included in lines 1a–1f | $280,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,901,563 |
| Total Program Service Revenue | $8,725,306 |
| Investment income | $666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,608 |
| Net Gain/Loss on Asset Sales | -$1,309 |
| Net Income from Fundraising Events | $494 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,757,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $874,647 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $365,277 |
| Compensation of current officers, directors, key employees. | $130,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,358,999 |
| Pension plan accruals and contributions | $231,806 |
| Other employee benefits | $634,381 |
| Payroll taxes | $454,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,030 |
| Advertising and promotion | $10,339 |
| Office expenses | $104,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $272,548 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,914 |
| Interest | $453,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,353 |
| Insurance | $137,466 |
| All other expenses | $103,061 |
| Total functional expenses | $9,699,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,101,083 |
| Savings and temporary cash investments | $1,975,151 |
| Pledges and grants receivable | -$4,217 |
| Accounts receivable, net | $293,321 |
| Loans from Officers, Directors, or Controlling Persons | $48,237 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,839 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $109,747 |
| Net Land, buildings, and equipment | $11,539,593 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,111 |
| Total assets | $15,095,865 |
| Accounts payable and accrued expenses | $451,426 |
| Grants payable | $0 |
| Deferred revenue | $3,448,971 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $52,855 |
| Secured mortgages and notes payable | $10,549,658 |
| Unsecured mortgages and notes payable | $149,703 |
| Other liabilities | $0 |
| Total liabilities | $14,652,613 |
| Net assets without donor restrictions | $238,607 |
| Net assets with donor restrictions | $204,645 |
| 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 | $15,095,865 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Bridges Academy has recieved totaling $101,841.
| Awarding Organization | Amount |
|---|---|
| $50,000 | |
| $25,000 | |
W M Keck Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF CHARITABLE PURPOSES | $10,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,000 |
Randee And Ken Devlin Family Foundation Beverly Hills, CA PURPOSE: EDUCATION | $5,000 |
Sempra Energy Foundation San Diego, CA PURPOSE: EDUCATION | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The Redesign Of Learning South Pasadena, CA | $15,785,438 | $19,718,110 |
New School For Child Development A Non-Profit Corp Sherman Oaks, CA | $70,855,402 | $24,393,908 |
Mirman School For Gifted Children Los Angeles, CA | $47,520,876 | $18,601,911 |
Accel Phoenix, AZ | $21,659,622 | $16,834,387 |
Ecole Bilingue Berkeley, CA | $33,006,768 | $15,759,391 |
H E L P Group West Sherman Oaks, CA | $26,040,794 | $16,433,872 |
Learning With A Difference Inc Encino, CA | $24,959,978 | $17,556,894 |
Charles Armstrong School Belmont, CA | $29,837,306 | $12,609,845 |
Escuela Popular Del Pueblo San Jose, CA | $34,236,937 | $14,055,995 |
Pediatric Therapy Network Torrance, CA | $0 | $12,859,191 |
Institute For Effective Education San Diego, CA | $31,029,793 | $13,927,303 |
Villa Esperanza Services Pasadena, CA | $33,971,130 | $14,047,530 |