Newbridge Fund Inc
- Assets
- $2.2m
- Revenue
- $918.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Pequannock, NJ
- Founding
- 02/1987
- Data as of
- 06/2022
- EIN
- 22-2698009
Organization Overview
Newbridge Fund Inc is located in Pequannock, NJ. The organization was established in 1987. According to its NTEE Classification (F32) the organization is classified as: Community Mental Health Centers, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newbridge Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Newbridge Fund Inc generated $918.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $354.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING TO SUPPORT THE CHARITABLE ORGANIZATION, NEWBRIDGE SERVICES, INC, IN ITS EFFORTS TO BRING BALANCE TO PEOPLE'S LIVES BY PROVIDING COUNSELING, HOUSING AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES AND SUPPORTS THE PROGRAMS, SERVICES AND OTHER ACTIVITIES OF NEWBRIDGE SERVICES, INC. AND AFFILIATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie King President | OfficerTrustee | 0.25 | $0 |
David Crapo Vice President | OfficerTrustee | 0.25 | $0 |
Isobel Wayrick Treasurer | OfficerTrustee | 0.25 | $0 |
Michelle L Borden CEO | Officer | 0 | $0 |
Walter Dudzinski CFO | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $183,771 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $739,354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $923,125 |
| Total Program Service Revenue | $0 |
| Investment income | $2,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $918,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $320,528 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,521 |
| Office expenses | $17,493 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $354,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,073 |
| Savings and temporary cash investments | $1,299,004 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,138 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,244,215 |
| Accounts payable and accrued expenses | $7,898 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,049 |
| Total liabilities | $15,947 |
| Net assets without donor restrictions | $1,586,000 |
| Net assets with donor restrictions | $642,268 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,244,215 |
Grants Awarded
Over the last fiscal year, Newbridge Fund Inc has awarded $320,528 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Pequannock, NJ PURPOSE: TO PROMOTE AND SUPPORT THE PROGRAMS, SERVICES AND OTHER ACTIVITIES OF NEWBRIDGE SERVICES, INC. | $312,428 |
Pequannock, NJ PURPOSE: TO PROMOTE AND SUPPORT THE PROGRAMS, SERVICES AND OTHER ACTIVITIES OF NEWBRIDGE SERVICES, INC. | $8,100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newbridge Fund Inc has recieved totaling $175,000.
| Awarding Organization | Amount |
|---|---|
Holmes Family Foundation Inc Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bestself Behavioral Health Inc Buffalo, NY | $24,474,475 | $78,008,732 |
New Horizon Counseling Center Inc Ozone Park, NY | $68,594,227 | $78,866,340 |
New York Psychotherapy And Counseling Center Jamaica, NY | $184,886,759 | $66,888,342 |
Post Graduate Center For Mental Health New York, NY | $124,904,291 | $46,026,722 |
Richmond Children Center Inc Mount Kisco, NY | $29,574,027 | $46,486,122 |
Mental Health Services Erie County South East Corp V Spectrum Human Orchard Park, NY | $7,535,170 | $34,611,663 |
Erie County Care Managementincorporated Erie, PA | $17,584,486 | $34,097,875 |
The Childrens Hospital Of Philadelphia Practice Association Philadelphia, PA | $3,586,225 | $14,860,595 |
Depaul Community Services Inc Rochester, NY | $24,550,813 | $30,491,760 |
Ocean Mental Health Services Inc Bayville, NJ | $16,921,182 | $30,602,511 |
Merakey Philadelphia Lafayette Hill, PA | $11,328,982 | $27,521,288 |
Westchester Jewish Community Services Inc White Plains, NY | $44,182,006 | $26,868,305 |