Bridgewater Foundation
- Assets
- $2.1m
- Revenue
- $18.3k
- Investments
- $2.0m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-3620308
Organization Overview
Bridgewater Foundation is located in Greensboro, NC. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgewater 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, Bridgewater Foundation generated $18.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $102.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bridgewater Foundation has awarded 61 individual grants totaling $366,410. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gustav C Magrinat Treasurer | 0 | $0 | |
Mary B Magrinat President | 0 | $0 | |
Thomas E Magrinat Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,917 |
| Dividends & Interest | $35,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,399 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,325 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,349 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,481 |
| Contributions, gifts, grants paid | $75,160 |
| Total expenses and disbursements | $102,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $62,780 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $199,388 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,080,157 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bridgewater Foundation has awarded $75,160 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CONE HEALTH - ALIGHT PROGRAM PURPOSE: PROVIDES DIRECT FINANCIAL ASSISTANCE FOR ALL QUALIFIED CANCER PATIENTS. | $5,000 |
CONE HEALTH HEALING GARDENS PURPOSE: GRANTS TO BUILD HEALING GARDEN AT THE CONE HEALTH CANCER CENTER TO ENHANCE HEALING. | $20,000 |
CONGREGATION OF HOLY CROSS PURPOSE: WORKING TO "MAKE GOD KNOWN, LOVED, AND SERVED, AND THUS SAVE SOULS." AS APOSTOLIC RELIGIOUS BROTHERS AND RELIGIOUS PRIESTS AT THE SERVICE OF THE UNIVERSAL CHURCH, WE GO WHEREVER THE SPIRIT AND THIS MISSION LEAD US. | $100 |
GREENSBORO LITERARY ORGANIZATION PURPOSE: THE MISSION OF GREENSBORO LITERARY ORGANIZATION IS:-BRING READERS AND WRITERS TOGETHER THROUGHOUT THE YEAR-GET AUTHORS AND THEIR BOOKS IN FRONT OF STUDENTS-PRODUCE THE GREENSBORO BOUND LITERARY FESTIVAL-PROMOTE INCLUSIVITY BY PRODUCING PROGRAMS THAT CONFRONT SYSTEMIC RACISM AND OPPRESSION, IN OUR COMMUNITY AND BEYOND. | $250 |
GREENSBORO PARKS FOUNDATION PURPOSE: DEDICATED TO SUPPORTING GREENSBORO PARKS AND RECREATION PROGRAMS AND PROJECTS THAT CREATE A HEALTHIER ENVIRONMENT FOR PEOPLE, PLANTS, AND ANIMALS, CELEBRATE HISTORY, AND ATTRACT NEW ECONOMICINVESTMENT. WE HELP RAISE FUNDS AND AWARENESS FOR THE PARKS VIA SPECIAL EVENTS, COMMUNITYOUTREACH, FISCAL PARTNERSHIPS AND COLLABORATIVE PROJECTS. | $1,000 |
HABITAT FOR HUMANITY PURPOSE: BUILD AFFORDABLE HOUSING IN PARTNERSHIP WITH PEOPLE | $250 |