Bridgepointe INC EIN 35-2199389

Bridgepointe INC FY2022 filing

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Educates, inspires, and empowers Detroit-area children through personal experiences and relationships. For fiscal year 2022 it reported $130K in revenue, $210K in expenses, and $428K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Detroit, MI
Website
bridgepointenonprofit.org
Filings
5 on file (2020–2022)
Revenue
$130KFY2022
Expenses
$210K
Net assets
$428K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  35-2199389 Public charity (501(c)(3)) Detroit, MI
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Educates, inspires, and empowers Detroit-area children through personal experiences and relationships.
Leadership
Susan Evans · Director
Money in and out
$130K revenue, $210K expenses
Bottom line
99% program efficiency
Where the money goes · FY2022
Total revenue
$130K
Pt VIII · Ln 12
Total expenses
$210K
Pt IX · Ln 25
Net assets
$428K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$80K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
25.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-61%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$130K
FY2022▲ +17%
Expenses
$210K
FY2022▲ +62%
Total assets
$438K
FY2022▼ -14%
Total liabilities
$10K
FY2022▲ +368%
Total revenue
$130K
Pt VIII · Ln 12
Total expenses
$210K
Pt IX · Ln 25
Net assets
$428K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$80K
Total assetsPt X · Ln 16$438K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

2 program services account for $208K of program spending, described in the organization's own filed words · FY2022.
01

Funds provided to education facilities for educational seminars for teachers, school supplies, and lunch programs.

$196Kprogram expense
02

Assistance to families of students in the form of food, clothing and household goods and furniture.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBridgepointe INC
EINHdr · item D35-2199389
Principal addressHdr · item CDetroit, MI
WebsiteHdr · item Jbridgepointenonprofit.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B12)
Ruling yearIRS BMFJun 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
VP & Secreta
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$130K
Investment income$418
Total revenueLn 12$130K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$208K
Management & general1%$2K
Total functional expensesLn 25$210K

Balance Sheet

Part X · end of year
CashLn 1$425K
Total assetsLn 16$438K
Total liabilitiesLn 26$10K
Total net assetsLn 32$428K
Months of cash on handcomputed24.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $438K · Operating expenses/yr $210K
25.1 months
Where the money goes
Program services
Program services $208K · Total expenses $210K
99%
Management & General
Management & general $2K · Total expenses $210K
1.0%
Fundraising
Fundraising $0 · Total expenses $210K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $120K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $130K · Total revenue $130K
100%
Government reliance
Government grants — · Total revenue $130K
Earned-income share
Program service revenue $0 · Total revenue $130K
0%
Investment reliance
Investment income $418 · Total revenue $130K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $210K
0%
Growth & trend
Revenue growth (YoY)
This year $130K · Prior year $111K
+17%
Net-asset trend (YoY)
End of year $428K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $130K · Expenses $210K
-61%
Liabilities-to-Assets
Total liabilities — · Total assets $438K
Net-asset ratio
Net assets $428K · Total assets $438K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $13K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $438K
3%
People & payroll
Highest Reported Total Compensation
Individual Susan Evans · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $210K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $210K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1.0%
Fundraising cost ratio 0%
Revenue growth 17%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 12 grants · $622K · 2020–2023
Academy of the AmericasFY2023$56,231
Neinas Elementary SchoolFY2023$37,487
Neinas Elementary SchoolFY2023$12,000
Neinas Elementary SchoolFY2022$99,566
Academy of the AmericasFY2022$96,598
Neinas Elementary SchoolFY2022$11,695
Neinas Elementary SchoolFY2021$49,520
Academy of the AmericasFY2021$48,236
Neinas Elementary SchoolFY2021$31,576
Academy of the AmericasFY2020$97,187
Neinas Elementary SchoolFY2020$55,975
Neinas Elementary SchoolFY2020$26,396

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$42K revenue · ⤓ 990 PDF
FY2023$111K revenue · ⤓ 990 PDF
FY2022$130K revenue · viewing · ⤓ 990 PDF
FY2021$111K revenue · ⤓ 990 PDF
FY2020$128K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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