Bridges Academy INC FY2022 filing

Tax-deductible

Studio City, CA501(c)(3)Since 1998EducationEIN 95-4659439Revenue $10.9M in FY2022

On file with the IRSbridges.edu3921 Laurel Canyon Blvd, 91604-3710 · Studio City, CATax-exempt since Nov 2000School — 170(b)(1)(A)(ii)

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Bridges Academy is dedicated to understanding and educating gifted and highly gifted students with learning differences (twice-exceptional or 2e students) and fostering a successful academic and social experience for our students and the broader community. (continued on schedule o)

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$761K 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

FY2022 · 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
2 of 6
filings with a surplus
Average deficit $106K a year · under 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$761K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $101K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$15.7M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 15 voting members
Looks good: 13 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.9M
+1% vs prior year
Spent
$10.6M
To programs
85%
Net assets
$943K
By yearFY2020–FY2025
Revenue
$10.9M
FY2022▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.3M
FY2021$10.8M
FY2022$10.9M
FY2023$12.8M
FY2024$13.0M
FY2025$10.9M
Expenses
$10.6M
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.4M
FY2021$9.7M
FY2022$10.6M
FY2023$14.2M
FY2024$13.2M
FY2025$11.2M
Net assets
$943K
FY2022▲ +113%
Tap a bar for its year
Net assets by fiscal year
FY2020−$614K
FY2021$443K
FY2022$943K
FY2023−$459K
FY2024−$585K
FY2025−$1.0M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Nov 2000.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $9.0M Management & general 12% · $1.2M Fundraising 3% · $320K

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

22 people listed on the 990; $761K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head of School
$243,639Pt VII · Sec A
Associate Head of School
$113,834Pt VII · Sec A
Athletic Director
$105,353Pt VII · Sec A
Director of High School
$102,151Pt VII · Sec A
Director of Admissions
$101,613Pt VII · Sec A
Business Manager
$94,291Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mark Long’s $283K as CEO/Interim Head of School is at the 61st 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mark Long$283,305$159,792————
Carl Sabatino——$250,697$243,639$232,289$205,178
Keri Borzello—$206,242$85,071———
Jennifer Allen—$158,239$88,301———
Anna Schaerf$147,611$118,033$104,149———
Deborah Lazer$125,766—————
Anthony Vo$122,407$107,378$99,207$94,291$91,528$80,988
Christopher R Weibe——$117,484$113,834$102,935—

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Helps students succeed academically and socially with small classes and tailored teaching.

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Provided by the organization

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1 program · $9.0M · in their own filed words · FY2021
01

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.

$9.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 7 grants · $7.1M · 2019–2024
Trillium AcademyWA · FY2024$1,062,449
Unitemized GrantFY2024$953,752
Unitemized GrantFY2023$1,009,110
Unitemized GrantFY2022$1,167,044
Unitemized GrantFY2021$1,080,189
Unitemized GrantFY2020$874,647
Unitemized GrantFY2019$934,422

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$10.9M
Ln 12
Fees for servicesLn 2g$9.4M
Gifts and grantsLn 1h$1.4M
Other incomeLn 4–11$180K
Money outPt IX
$10.6M
Ln 25
Programscol B$9.0M
Managementcol C$1.2M
Fundraisingcol D$320K
Owns and owesPt X
$943K
net assets · Ln 32
Cash and savingsLn 1–2$4.9M
Total assetsLn 16$16.7M
LiabilitiesLn 26$15.7M
PeoplePt VI, VII
22
listed · VII A
PaidVII A6
Voting boardVI 1a15
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$113K
Noncash giftsLn 1g$11K
Fundraising eventsLn 1c$14K
Fees for servicesLn 2g$9.4M
Investment incomeLn 3$2K
Other incomeLn 4–11$180K
Total revenueLn 12$10.9M
Assets in detailPt X, end of year
CashLn 1$2.0M
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$4.9M
Land, buildings, equipmentLn 10c$11.4M
Other assetsLn 15$99K
Total assetsLn 16$16.7M
LiabilitiesLn 26$15.7M
Net assetsLn 32$943K
OperationsPt I, VI
EmployeesI 593
VolunteersI 620
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 FY22End FY22
Cash and savingsLn 1–2$3.1M$4.9M
Land, buildings, equipmentLn 10c$11.5M$11.4M
Total assetsLn 16$15.1M$16.7M
LiabilitiesLn 26$14.7M$15.7M
Net assetsLn 32$443K$943K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.1M$1.1M
Pay of current officers, directors and key staffLn 5$379K$233K$136K$10K
Other salaries and wagesLn 7$5.7M$5.0M$543K$215K
Pension plan contributionsLn 8$234K$204K$21K$9K
Other employee benefitsLn 9$681K$586K$70K$25K
Payroll taxesLn 10$472K$403K$52K$17K
Legal feesLn 11b$9K$7K$2K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$27K$14K$13K$537
Advertising and promotionLn 12$20K$15K$4K$590
Office expensesLn 13$98K$74K$21K$3K
OccupancyLn 16$271K$206K$57K$8K
Conferences, conventions and meetingsLn 19$2K$2K$520$74
InterestLn 20$336K$256K$71K$10K
Depreciation, depletion and amortizationLn 22$179K$136K$38K$5K
InsuranceLn 23$151K$114K$32K$5K
Other expenses (24a–d)Ln 24$770K$697K$64K$9K
All other expensesLn 24e$117K$39K$77K$2K
Total functional expensesLn 25$10.6M$9.0M$1.2M$320K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10.9M$11.2M−$349K−$1.0M 990 PDF
FY2024 $13.0M$13.2M−$203K−$585K 990 PDF
FY2023 $12.8M$14.2M−$1.4M−$459K 990 PDF
FY2022 Viewing $10.9M$10.6M$315K$943K 990 PDF
FY2021 $10.8M$9.7M$1.1M$443K 990 PDF
FY2020 $9.3M$9.4M−$30K−$614K 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 FY2022 990 (6 parts)
Part I · Summary $10,901,083 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,901,563$1,355,353
I-9 Program service revenuePrior year $8,725,306$9,363,736
I-10 Investment incomePrior year −$643$1,526
I-11 Other revenuePrior year $130,780$180,468
I-12 Total revenuePrior year $10,757,006$10,901,083
I-13 Grants and similar amounts paidPrior year $874,647$1,080,189
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,044,573$7,498,485
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,780,367$2,007,573
I-18 Total expensesPrior year $9,699,587$10,586,247
I-19 Revenue less expensesPrior year $1,057,419$314,836
Part VI · Governance 13 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,901,083 across 11 lines filed
VIII-1c Fundraising events$13,625
VIII-1e Government grants$112,619
VIII-1f All other contributions, gifts and grants$1,229,109
VIII-1g Noncash contributions (included above)$11,453
VIII-1h Total contributions, gifts and grants$1,355,353
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,363,736$9,363,736
VIII-3 Investment incomeExcluded from tax $1,526$1,526
VIII-6 Net rental income or lossExcluded from tax $84,683$84,683
VIII-8 Net income from fundraising eventsExcluded from tax $27,008$27,008
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $68,777$68,777
VIII-12 Total revenueRelated to mission $9,363,736 · Unrelated business $0 · Excluded from tax $181,994$10,901,083
Part IX · Statement of functional expenses $10,586,247 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $1,080,189$1,080,189
IX-5 Pay of current officers, directors and key staffPrograms $232,624 · Management $135,977 · Fundraising $10,057$378,658
IX-7 Other salaries and wagesPrograms $4,974,719 · Management $542,933 · Fundraising $215,075$5,732,727
IX-8 Pension plan contributionsPrograms $204,076 · Management $21,412 · Fundraising $8,823$234,311
IX-9 Other employee benefitsPrograms $585,877 · Management $69,807 · Fundraising $25,330$681,014
IX-10 Payroll taxesPrograms $402,660 · Management $51,707 · Fundraising $17,408$471,775
IX-11b Legal feesPrograms $6,872 · Management $1,938$8,810
IX-11c Accounting feesManagement $26,860$26,860
IX-11g Other fees for servicesPrograms $13,602 · Management $12,903 · Fundraising $537$27,042
IX-12 Advertising and promotionPrograms $14,945 · Management $4,129 · Fundraising $590$19,664
IX-13 Office expensesPrograms $74,234 · Management $20,512 · Fundraising $2,929$97,675
IX-16 OccupancyPrograms $206,100 · Management $56,949 · Fundraising $8,136$271,185
IX-19 Conferences, conventions and meetingsPrograms $1,882 · Management $520 · Fundraising $74$2,476
IX-20 InterestPrograms $255,565 · Management $70,617 · Fundraising $10,088$336,270
IX-22 Depreciation, depletion and amortizationPrograms $136,228 · Management $37,642 · Fundraising $5,377$179,247
IX-23 InsurancePrograms $114,471 · Management $31,630 · Fundraising $4,519$150,620
IX-24 Other expenses (24a–d)Programs $697,004 · Management $64,153 · Fundraising $9,164$770,321
IX-24e All other expensesPrograms $38,884 · Management $76,985 · Fundraising $1,534$117,403
IX-25 Total functional expensesPrograms $9,039,932 · Management $1,226,674 · Fundraising $319,641$10,586,247
Part X · Balance sheet $16,670,130 assets, 15 lines filed
Asset lines not itemized here account for $45,237; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,101,083$1,982,004
X-2 Savings and temporary cash investmentsStart of year $1,975,151$2,873,956
X-3 Pledges and grants receivable$15,000
X-4 Accounts receivableStart of year $289,104$64,196
X-9 Prepaid expenses and deferred chargesStart of year $109,747$148,815
X-10c Land, buildings and equipment, netStart of year $11,539,593$11,442,250
X-15 Other assetsStart of year $14,111$98,672
X-16 Total assetsStart of year $15,095,865$16,670,130
X-17 Accounts payable and accrued expensesStart of year $451,426$521,333
X-19 Deferred revenueStart of year $3,448,971$4,181,890
X-26 Total liabilitiesStart of year $14,652,613$15,726,833
X-27 Net assets without donor restrictionsStart of year $238,607$113,865
X-28 Net assets with donor restrictionsStart of year $204,645$829,432
X-32 Total net assets or fund balancesStart of year $443,252$943,297
X-33 Total liabilities and net assetsStart of year $15,095,865$16,670,130
Part XI · Reconciliation of net assets $943,297 net assets at year end
XI-1 Total revenue$10,901,083
XI-2 Total expenses$10,586,247
XI-3 Revenue less expenses$314,836
XI-4 Net assets at start of year$443,252
XI-9 Other changes in net assets$185,209
XI-10 Net assets at end of year$943,297

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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