Bridge Education FY2023 filing

Tax-deductible

Sierra Madre, CA501(c)(3)EducationEIN 82-2558971Revenue $1.3M in FY2023

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.
100¢ of each $1 spent went to programs.
$202K 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

FY2023 · 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$202K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
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
$74K
16% of total assets
Looks good: liabilities are 16% 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
$1.3M
+11% vs prior year
Spent
$1.3M
To programs
100%
Net assets
$391K
By yearFY2020–FY2024
Revenue
$1.3M
FY2023▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$606K
FY2021$974K
FY2022$1.2M
FY2023$1.3M
FY2024$1.3M
Expenses
$1.3M
FY2023▲ +22%
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
$391K
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$151K
FY2021$304K
FY2022$400K
FY2023$391K
FY2024$703K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

100 cents of each dollar spent went to programs.

Program services 100% · $1.3M

Form 990 Part IX, line 25. 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; $202K paid to officers and key staff.

Part VII, Section A · reportable compensation
$139,208Pt VII · Sec A
$62,645Pt 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.

Provided by the organization

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1 program · $1.3M · in their own filed words · FY2023
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…

$1.3Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Owns and owesPt X
$391K
net assets · Ln 32
Cash and savingsLn 1–2$240K
Total assetsLn 16$465K
LiabilitiesLn 26$74K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.3M
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$240K
Cash and savings togetherLn 1–2$240K
Land, buildings, equipmentLn 10c$225K
Total assetsLn 16$465K
LiabilitiesLn 26$74K
Net assetsLn 32$391K
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 FY23End FY23
Cash and savingsLn 1–2$242K$240K
Land, buildings, equipmentLn 10c$230K$225K
Total assetsLn 16$472K$465K
LiabilitiesLn 26$72K$74K
Net assetsLn 32$400K$391K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$657K$657K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$54K$54K
Other fees for servicesLn 11g$110K$110K
Office expensesLn 13$78K$78K
OccupancyLn 16$114K$114K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$157$157
Payments to affiliatesLn 21$113K$113K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$45K$45K
Other expenses (24a–d)Ln 24$132K$132K
All other expensesLn 24e$562$562
Total functional expensesLn 25$1.3M$1.3M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.0M$312K$703K 990 PDF
FY2023 Viewing $1.3M$1.3M−$9K$391K 990 PDF
FY2022 $1.2M$1.1M$96K$400K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $1,306,788 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,175,144$1,306,788
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,175,144$1,306,788
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $812,614$716,848
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $266,339$598,808
I-18 Total expensesPrior year $1,078,953$1,315,656
I-19 Revenue less expensesPrior year $96,191−$8,868
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 $1,306,788 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,306,788$1,306,788
VIII-12 Total revenueRelated to mission $1,306,788 · Unrelated business $0 · Excluded from tax $0$1,306,788
Part IX · Statement of functional expenses $1,315,656 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $656,573$656,573
IX-9 Other employee benefitsPrograms $6,038$6,038
IX-10 Payroll taxesPrograms $54,237$54,237
IX-11g Other fees for servicesPrograms $109,614$109,614
IX-13 Office expensesPrograms $78,497$78,497
IX-16 OccupancyPrograms $113,678$113,678
IX-17 TravelPrograms $1,416$1,416
IX-19 Conferences, conventions and meetingsPrograms $157$157
IX-21 Payments to affiliatesPrograms $112,622$112,622
IX-22 Depreciation, depletion and amortizationPrograms $5,534$5,534
IX-23 InsurancePrograms $44,615$44,615
IX-24 Other expenses (24a–d)Programs $132,113$132,113
IX-24e All other expensesPrograms $562$562
IX-25 Total functional expensesPrograms $1,315,656 · Management $0 · Fundraising $0$1,315,656
Part X · Balance sheet $464,772 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $242,058$240,249
X-10c Land, buildings and equipment, netStart of year $230,057$224,523
X-16 Total assetsStart of year $472,115$464,772
X-25 Other liabilitiesStart of year $72,075$73,600
X-26 Total liabilitiesStart of year $72,075$73,600
X-27 Net assets without donor restrictionsStart of year $400,040$391,172
X-32 Total net assets or fund balancesStart of year $400,040$391,172
X-33 Total liabilities and net assetsStart of year $472,115$464,772
Part XI · Reconciliation of net assets $391,172 net assets at year end
XI-1 Total revenue$1,306,788
XI-2 Total expenses$1,315,656
XI-3 Revenue less expenses−$8,868
XI-4 Net assets at start of year$400,040
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$391,172

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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