Bridge Builders Community Foundation
- Assets
- $15.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Oil City, PA
- Founding
- 06/1990
- Data as of
- 12/2022
- EIN
- 25-1292553
Organization Overview
Bridge Builders Community Foundation is located in Oil City, PA. The organization was established in 1990. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Bridge Builders Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Builders Community Foundation 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 12/2022, Bridge Builders Community Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bridge Builders Community Foundation has awarded 228 individual grants totaling $6,465,212. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SERVES CLARION, FOREST AND VENANGO COUNTIES TO DEVELOP, MANAGE, AND DISRTIBUTE FUNDING TO MEET THE PRESENT AND FUTURE NEEDS OF THE COMMUNITIES IN OUR SERVICE AREA. INDIVIDUALS, FAMILIES, BUSINESSES , AND ORGANIZATIONS BUILD PERMANENT FUNDS TO HELP THE COMMUNITIES MEET THE CHALLENGES OF CHANGING TIMES. THE FOUNDATION INVESTS THESE FUNDS USING THE EARNINGS TO FUND GRANTS TO SUPPORT EDUCATIONAL, HEALTH, HAMANITARIAN AND CULTURAL NEEDS OF THE PEOPLE AND ORGANIZATIONS IN THE LOCAL AREAS DESCRIBED ABOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT, MANAGEMENT, AND DISTRIBUTION OF FUNDING IN THE FORM OF SCHOLARSHIPS, GRANTS AND OTHER ASSISTANCE THAT MEETS THE NEEDS OF THE COMMUNITIES IN CLARION, FOREST AND VENANGO COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Williams Director | Trustee | 1 | $0 |
Becky Edwards Director | Trustee | 1 | $0 |
Janice Horn Director | Trustee | 1 | $0 |
Doug Schwab Director | Trustee | 1 | $0 |
David Thompson Treasurer | Trustee | 1 | $0 |
W Russell Mcdaid Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $991,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $991,041 |
| Total Program Service Revenue | $258,051 |
| Investment income | $307,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,505 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,636,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,111,983 |
| Grants and other assistance to domestic individuals. | $355,587 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,119 |
| Compensation of current officers, directors, key employees. | $51,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,508 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,217 |
| Payroll taxes | $11,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,613 |
| Advertising and promotion | $0 |
| Office expenses | $9,287 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,919 |
| 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 | $6,208 |
| All other expenses | $0 |
| Total functional expenses | $3,107,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,075,814 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,748,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,386 |
| Total assets | $15,946,859 |
| Accounts payable and accrued expenses | $14,619 |
| Grants payable | $16,050 |
| 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 | $2,162,118 |
| Total liabilities | $2,192,787 |
| Net assets without donor restrictions | $11,690,666 |
| Net assets with donor restrictions | $2,063,406 |
| 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 | $15,946,859 |
Grants Awarded
Over the last fiscal year, Bridge Builders Community Foundation has awarded $671,657 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ECCLES-LESHER MEMORIAL LIBRARY TRUST PURPOSE: OPERATING EXPENSES AND PROJECTS FOR ECCLES LIBRARY | $130,000 |
COMMUNITY SERVICES OF VENANGO COUNTY PURPOSE: TO ASSIST WITH THE PROGRAMS AND OPERATIONS OF THE ORGANIZATION | $7,309 |
FOREST COUNTY HISTORICAL SOCIETY PURPOSE: TO ASSIST WITH THE PROGRAMS AND OPERATIONS OF THE ORGANIZATION | $6,000 |
FRANKLIN AREA SCHOOL DISTRICT PURPOSE: TO ASSIST WITH THE PROGRAMS AND OPERATIONS OF THE ORGANIZATION | $7,200 |
HEAVENLY GAITS TRC INC PURPOSE: TO ASSIST WITH THE PROGRAMS AND OPERATIONS OF THE ORGANIZATION | $20,700 |
KNOX AMBULANCE SERVICE PURPOSE: TO ASSIST WITH THE PROGRAMS AND OPERATIONS OF THE ORGANIZATION | $23,693 |