Bridges Preparatory School FY2020 filing

Tax-deductible

Beaufort, SC501(c)(3)Since 2012EducationEIN 46-0847332

The bridges preparatory school mission is to provide students equal access to a high quality k-12 whole child education that maximizes academic excellence and strength of character in a student-centered learning environment created by a faculty of lifelong learners.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$64K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $563K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$64K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $372
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22.8M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
Spent
$7.7M
To programs
75%
Net assets
$4.0M
By yearFY2020–FY2025
Revenue
$7.6M
FY2020
Revenue by fiscal year
FY2020$7.6M
FY2021$11.7M
FY2022$13.9M
FY2023$15.2M
FY2024$16.9M
FY2025$18.6M
Expenses
$7.7M
FY2020
Expenses by fiscal year
FY2020$7.7M
FY2021$9.9M
FY2022$12.2M
FY2023$15.2M
FY2024$16.7M
FY2025$18.8M
Net assets
$4.0M
FY2020
Net assets by fiscal year
FY2020$4.0M
FY2021$5.7M
FY2022$7.5M
FY2023$7.5M
FY2024$7.7M
FY2025$7.5M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $5.8M Management & general 25% · $1.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990; $64K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School
$63,717Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Gary McCulloch’s $177K as Head of School is at the 27th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gary McCulloch$176,741$162,252$147,222$133,084$131,368$63,717

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Bridges Preparatory School executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides K-12 students with whole-child education, fostering academic excellence and character.

Provided by the organization

This section is blank until Bridges Preparatory School claims this page.

Know this organization? Claim it to add your story

1 program service account for $5.8M of program spending, described in the organization's own filed words · FY2019.
01

In fy 2020, bridges preparatory school created a student-centered learning environment, developed to maximize academic excellence and strength of character for students in forty-seven individual classrooms, kindergarten through twelfth grade.

$5.8Mprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$372

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Gifts and grantsLn 1h$7.5M
Fees for servicesLn 2g$116K
Other incomeLn 4–11$24K
Money outPt IX
$7.7M
Ln 25
Programscol B$5.8M
Managementcol C$1.9M
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$26.8M
LiabilitiesLn 26$22.8M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.5M
Government grantsLn 1e$7.4M
Fees for servicesLn 2g$116K
Investment incomeLn 3$2K
Other incomeLn 4–11$24K
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$4.7M
Cash and savings togetherLn 1–2$4.7M
Land, buildings, equipmentLn 10c$22.1M
Other assetsLn 15$29K
Total assetsLn 16$26.8M
LiabilitiesLn 26$22.8M
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 5220
VolunteersI 6245
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$4.8M$4.7M
Land, buildings, equipmentLn 10c$13.6M$22.1M
Total assetsLn 16$18.4M$26.8M
LiabilitiesLn 26$14.3M$22.8M
Net assetsLn 32$4.1M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$64K$64K
Other salaries and wagesLn 7$3.9M$3.1M$818K
Pension plan contributionsLn 8$97K$67K$30K
Other employee benefitsLn 9$571K$503K$68K
Payroll taxesLn 10$285K$221K$64K
Management feesLn 11a$11K$11K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$73K$73K
Other fees for servicesLn 11g$126K$126K
Advertising and promotionLn 12$17K$17K
Information technologyLn 14$119K$70K$50K
OccupancyLn 16$957K$957K
TravelLn 17$12K$12K
InterestLn 20$445K$445K
Depreciation, depletion and amortizationLn 22$467K$33K$433K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$512K$265K$247K
Total functional expensesLn 25$7.7M$5.8M$1.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $18.6M$18.8M−$217K$7.5M 990 PDF
FY2024 $16.9M$16.7M$187K$7.7M 990 PDF
FY2023 $15.2M$15.2M$4K$7.5M 990 PDF
FY2022 $13.9M$12.2M$1.8M$7.5M 990 PDF
FY2021 $11.7M$9.9M$1.7M$5.7M 990 PDF
FY2020 Viewing $7.6M$7.7M−$93K$4.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $7,604,110 across 8 lines filed
VIII-1e Government grants$7,422,863
VIII-1f All other contributions, gifts and grants$40,354
VIII-1h Total contributions, gifts and grants$7,463,217
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $115,735$115,735
VIII-3 Investment incomeExcluded from tax $1,602$1,602
VIII-6 Net rental income or lossRelated to mission $1,200$1,200
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $22,356$22,356
VIII-12 Total revenueRelated to mission $139,291 · Unrelated business $0 · Excluded from tax $1,602$7,604,110
Part IX · Statement of functional expenses $7,697,349 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $63,717$63,717
IX-7 Other salaries and wagesPrograms $3,097,327 · Management $817,928$3,915,255
IX-8 Pension plan contributionsPrograms $66,964 · Management $29,548$96,512
IX-9 Other employee benefitsPrograms $502,837 · Management $68,328$571,165
IX-10 Payroll taxesPrograms $221,321 · Management $63,707$285,028
IX-11a Management feesManagement $10,659$10,659
IX-11b Legal feesManagement $1,880$1,880
IX-11c Accounting feesManagement $72,943$72,943
IX-11g Other fees for servicesPrograms $126,400$126,400
IX-12 Advertising and promotionManagement $16,571$16,571
IX-14 Information technologyPrograms $69,774 · Management $49,694$119,468
IX-16 OccupancyPrograms $957,280$957,280
IX-17 TravelManagement $12,492$12,492
IX-20 InterestPrograms $445,463$445,463
IX-22 Depreciation, depletion and amortizationPrograms $33,212 · Management $433,379$466,591
IX-23 InsuranceManagement $23,826$23,826
IX-24 Other expenses (24a–d)Programs $265,068 · Management $247,031$512,099
IX-25 Total functional expensesPrograms $5,785,646 · Management $1,911,703 · Fundraising $0$7,697,349
Part X · Balance sheet $26,812,333 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $4,771,577$4,690,128
X-3 Pledges and grants receivable$1,200
X-9 Prepaid expenses and deferred chargesStart of year $12,744$25,295
X-10c Land, buildings and equipment, netStart of year $13,605,388$22,066,305
X-15 Other assetsStart of year $29,137$29,405
X-16 Total assetsStart of year $18,418,846$26,812,333
X-17 Accounts payable and accrued expensesStart of year $826,541$718,720
X-19 Deferred revenueStart of year $35,616$251
X-24 Unsecured notes and loans payable$796,800
X-25 Other liabilitiesStart of year $927,350$47,984
X-26 Total liabilitiesStart of year $14,345,132$22,831,858
X-32 Total net assets or fund balancesStart of year $4,073,714$3,980,475
X-33 Total liabilities and net assetsStart of year $18,418,846$26,812,333
Part XI · Reconciliation of net assets $3,980,475 net assets at year end
XI-1 Total revenue$7,604,110
XI-2 Total expenses$7,697,349
XI-3 Revenue less expenses−$93,239
XI-4 Net assets at start of year$4,073,714
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,980,475

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.