Bridges for the Deaf and Hard of Hearing
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$2,391,000.00
Projected Expenses
$2,426,350.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Letter - Name Change |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,728,860.00 | $2,328,874.00 | $2,347,095.00 |
| Total Expenses | $2,799,183.00 | $2,400,423.00 | $2,170,484.00 |
| Revenue Less Expenses | ($70,323.00) | ($71,549.00) | $176,611.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $358,356.00 | $409,448.00 | $583,998.00 |
| Contributions, Gifts, and Grants | $95,799.00 | $133,629.00 | $177,418.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $2,234,430.00 | $1,739,729.00 | $1,579,911.00 |
| Investment Income, Net of Losses | $1,585.00 | $1,240.00 | $1,961.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $38,460.00 | $44,513.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $230.00 | $315.00 | $3,807.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $2,419,608.00 | $2,053,559.00 | $1,794,131.00 |
| Administration Expense | $270,961.00 | $240,646.00 | $256,315.00 |
| Fundraising Expense | $108,614.00 | $106,218.00 | $120,038.00 |
| Total Revenue/Total Expenses | 97% | 97% | 108% |
| Program Expense/Total Expenses | 86% | 86% | 83% |
| Fundraising Expense/Contributed Revenue | 4% | 4% | 6% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $2,234,430.00 | Program Revenue $1,739,729.00 | Program Revenue $1,579,911.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $358,356.00 | Government Grants $409,448.00 | Government Grants $583,998.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $95,799.00 | Contributions, Gifts, Grants $133,629.00 | Contributions, Gifts, and Grants $177,418.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $3,308,401.00 | $3,376,603.00 | $3,086,735.00 |
| Current Assets | $1,283,245.00 | $1,282,626.00 | $1,345,846.00 |
| Long-Term Liabilities | $331,034.00 | $343,622.00 | $0.00 |
| Current Liabilities | $147,312.00 | $134,332.00 | $118,342.00 |
| Total Net Assets | $2,830,055.00 | $2,898,649.00 | $2,968,393.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Having experienced some devastating financial losses in the early months of the pandemic, Bridges for the Deaf and Hard of Hearing remained committed to serving our community. We did not scale back a single program or service. In fact, we expanded the depth and reach of our programs, and as the year progressed, we were fortunate to experience a strong recovery. Our 2021-22 budget reflects our commitment to growth through the investment of reserves in further growth. Bridges continue to maintain sound finances through revenue diversification, cash reserves, and vigilant attention. With a steady and growing revenue stream through interpretation services, Bridges has worked to expand and deepen our more traditional fundraising efforts, demonstrating steady growth over the last five years in income from events and grants. |
Foundation Staff Comments
| Financial figures taken from 990. Financials prepared by Mullins, Clemmons & Mayes, PLLC. Comment provided by Hayley Sulfridge 11/15/23. |
