Bridgepoint Education
| Public | |
| Traded as | : BPI |
| Industry | Higher Education |
| Founded | 2004 |
| Headquarters | San Diego, CA, US |
|
Key people
|
Andrew Clark, CEO |
| Revenue |
 US$638.7 million (2014)
|
|
US$14.3 million (2014)
|
|
|
US$9.7 million (2014)
|
|
| Total assets |
US$558.1 million (2014)
|
| Total equity |
 US$365.9 million (2014)
|
|
Number of employees
|
4,460 Faculty 3,200 non-faculty staff |
| Subsidiaries |
Ashford University University of the Rockies |
| Website | www.bridgepointeducation.com |
Bridgepoint Education, Inc. ("BPI") is a publicly held, for-profit education services company based in San Diego, California. It owns two accredited universities, Ashford University online and University of the Rockies.
Bridgepoint Education also owns Waypoint Outcomes, which provides learning and assessment software to educational institutions across the United States. The software combines rubric grading scales with technology to help educators teach writing, critical thinking, and cognitive skills.
Bridgepoint Educations' CEO is Andrew Clark. It employs 4,460 faculty and 3,200 non-faculty staff.
Bridgepoint Education trades on the New York Stock Exchange under the ticker symbol BPI. For the year ending December 31, 2015, Bridgepoint Education announced a net loss of $70,454,000.
In 2012, national economic consulting firm The London Group was retained by the San Diego Regional Economic Corporation to conduct an economic impact and activity analysis of Bridgepoint Education within the San Diego region where BPI is headquartered. The report determined that Bridgepoint Education helped produce, through its operations, $489 million in areas such as travel and capital expenditures, supplies, advertising, and charitable contributions. That helped create 4,505 outside jobs in addition to Bridgepoint's 3,900 local employees. Its operations indirectly brought the region an additional $590 million through increased spending by the contractors and services it hired. According to the analysis, Bridgepoint Education's projected 10-year cumulative impact will bring approximately $10.8 billion in business output to the region.
The London Group was also retained by the Clinton Regional Development Corporation and the Clinton Chamber of Commerce to conduct an economic analysis of Bridgepoint's Ashford University within the state of Iowa. The report stated that, in 2009, Ashford University had an estimated economic impact of $40.9 million in business output, 782 jobs, $12.6 million in employee earnings, and $18.6 million in total value added to the state's GDP.
Bridgepoint Education directs its philanthropic efforts toward three aims: education, youth, and the military. Charitable organizations and programs Bridgepoint Education has partnered with include After-School All-Stars, Big Brothers Big Sisters of San Diego, Boys & Girls Clubs of Greater San Diego, Computers 2 SD Kids, the Homefront Heroes Scholarship Program, the Jacobs & Cushman San Diego Food Bank, Junior Achievement, Make-A-Wish Foundation, A Salute to Teachers, the San Diego Office of Education, the Teacher Appreciation Scholarship Program, United Way of San Diego, and Warrior Foundation-Freedom Station.
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