Bridge Education FY2021 filing

Tax-deductible

Sierra Madre, CA501(c)(3)EducationEIN 82-2558971Revenue $974K in FY2021

On file with the IRSbridgepreschool.com695 W Sierra Madre Blvd, 91024-2288 · Sierra Madre, CATax-exempt since Feb 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Education for your child and access to learning for one another

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$274K 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

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $113K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$274K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$72K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$974K
+61% vs prior year
Spent
$821K
To programs
99%
Net assets
$304K
By yearFY2020–FY2024
Revenue
$974K
FY2021▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2020$606K
FY2021$974K
FY2022$1.2M
FY2023$1.3M
FY2024$1.3M
Expenses
$821K
FY2021▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$591K
FY2021$821K
FY2022$1.1M
FY2023$1.3M
FY2024$1.0M
Net assets
$304K
FY2021▲ +101%
Tap a bar for its year
Net assets by fiscal year
FY2020$151K
FY2021$304K
FY2022$400K
FY2023$391K
FY2024$703K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2018.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $815K Management & general 1% · $6K

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

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Who runs it and what they're paid

5 people listed on the 990; $274K paid to officers and key staff.

Part VII, Section A · reportable compensation
$165,833Pt VII · Sec A
$107,917Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Lydia Nandakumaran’s $106K as Treasurer is at the 36th percentile of top reported officer pay among 3395 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lydia Nandakumaran$106,000$139,208$210,833$165,833$70,551
Rajeev Nandakumaran—$62,645$179,792$107,917$57,242

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.

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowering children through education and fostering mutual learning.

Questions for Bridge Education

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Provided by the organization

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1 program · $815K · in their own filed words · FY2021
01

Bridge montessori is a preschool in sierra madre with a childsponsorship model, where a portion of a child's tuition helps tosupport and sponsor another child to attend school in another COUNTRY.BRIDGE montessori is the first montessori preschool in sierra madre andis committed to providing quality preschool montessori education forthose…

$815Kprogram expense

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 · FY2024
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$974K
Ln 12
Fees for servicesLn 2g$959K
Gifts and grantsLn 1h$15K
Money outPt IX
$821K
Ln 25
Programscol B$815K
Managementcol C$6K
Owns and owesPt X
$304K
net assets · Ln 32
Cash and savingsLn 1–2$360K
Total assetsLn 16$375K
LiabilitiesLn 26$72K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Government grantsLn 1e$15K
Fees for servicesLn 2g$959K
Total revenueLn 12$974K
Assets in detailPt X, end of year
CashLn 1$360K
Cash and savings togetherLn 1–2$360K
Land, buildings, equipmentLn 10c$15K
Total assetsLn 16$375K
LiabilitiesLn 26$72K
Net assetsLn 32$304K
OperationsPt I, VI
EmployeesI 517
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$136K$360K
Land, buildings, equipmentLn 10c$15K$15K
Total assetsLn 16$151K$375K
LiabilitiesLn 26$0$72K
Net assetsLn 32$151K$304K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$274K$274K
Other salaries and wagesLn 7$282K$282K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$43K$43K
Management feesLn 11a$32K$32K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$123$123
Office expensesLn 13$20K$20K
Information technologyLn 14$767$767
OccupancyLn 16$78K$78K
TravelLn 17$45$45
Payments to affiliatesLn 21$3K$3K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$82K$77K$5K
All other expensesLn 24e$13$13
Total functional expensesLn 25$821K$815K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.0M$312K$703K 990 PDF
FY2023 $1.3M$1.3M−$9K$391K 990 PDF
FY2022 $1.2M$1.1M$96K$400K 990 PDF
FY2021 Viewing $974K$821K$153K$304K 990 PDF
FY2020 $606K$591K$15K$151K 990 PDF

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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 FY2021 990 (6 parts)
Part I · Summary $974,345 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $101,470$15,000
I-9 Program service revenuePrior year $504,608$959,345
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $606,078$974,345
I-13 Grants and similar amounts paidPrior year $12,540$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $368,712$601,187
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $209,575$220,199
I-18 Total expensesPrior year $590,827$821,386
I-19 Revenue less expensesPrior year $15,251$152,959
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $974,345 across 4 lines filed
VIII-1e Government grants$15,000
VIII-1h Total contributions, gifts and grants$15,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $959,345$959,345
VIII-12 Total revenueRelated to mission $959,345 · Unrelated business $0 · Excluded from tax $0$974,345
Part IX · Statement of functional expenses $821,386 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $273,750$273,750
IX-7 Other salaries and wagesPrograms $281,713$281,713
IX-9 Other employee benefitsPrograms $2,240$2,240
IX-10 Payroll taxesPrograms $43,484$43,484
IX-11a Management feesPrograms $31,927$31,927
IX-11c Accounting feesManagement $1,869$1,869
IX-11g Other fees for servicesPrograms $123$123
IX-13 Office expensesPrograms $19,812$19,812
IX-14 Information technologyPrograms $767$767
IX-16 OccupancyPrograms $78,304$78,304
IX-17 TravelPrograms $45$45
IX-21 Payments to affiliatesPrograms $3,005$3,005
IX-23 InsurancePrograms $2,774$2,774
IX-24 Other expenses (24a–d)Programs $77,044 · Management $4,516$81,560
IX-24e All other expensesPrograms $13$13
IX-25 Total functional expensesPrograms $815,001 · Management $6,385 · Fundraising $0$821,386
Part X · Balance sheet $375,424 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $135,736$360,270
X-10c Land, buildings and equipment, netStart of year $15,154$15,154
X-16 Total assetsStart of year $150,890$375,424
X-25 Other liabilitiesStart of year $0$71,575
X-26 Total liabilitiesStart of year $0$71,575
X-27 Net assets without donor restrictionsStart of year $150,890$303,849
X-32 Total net assets or fund balancesStart of year $150,890$303,849
X-33 Total liabilities and net assetsStart of year $150,890$375,424
Part XI · Reconciliation of net assets $303,849 net assets at year end
XI-1 Total revenue$974,345
XI-2 Total expenses$821,386
XI-3 Revenue less expenses$152,959
XI-4 Net assets at start of year$150,890
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$303,849

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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