Redemption Bridge
- Assets
- $22.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 27-3500079
Organization Overview
Redemption Bridge is located in Arlington, TX. The organization was established in 2012. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redemption Bridge 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 12/2021, Redemption Bridge generated $149.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $158.6k during the year ending 12/2021. While expenses have increased by 23.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
REDEMPTION BRIDGE SERVES AS AN INTERMEDIARY, DEVELOPING A COLLABORATIVE APPROACH IN ESTABLISHING PUBLIC PRIVATE PARTNERSHIPS. OUR THREE PRIMARY PROGRAMS ARE (1) THE ESTABLISHMENT OF DEMONSTRATION MODEL TALENT PIPELINES WITH NINE COMMUNITY COLLEGE SYSTEMS IN TEXAS, IN FOUR REGIONS OF THE STATE, TO ENABLE OUR TARGET POPULATIONS TO ACHIEVE INDUSTRY RECOGNIZED CERTIFICATIONS; (2) THE ESTABLISHMENT OF EMPLOYER CONSORTIUMS IN THE FOUR REGIONS TO DEVELOP "SECOND CHANCE" EMPLOYERS; AND (3) CONDUCTING MONTHLY BRIEFING MEETINGS FOR APPROXIMATELY 40 NONPROFIT ORGANIZATIONS, TO CONNECT THEM WITH OUR TARGET POPULATIONS AND EDUCATIONAL TRAINING PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Dawson Director | 1 | $0 | |
Don Fowler Director | 7 | $0 | |
Wes Jurey Executive Di | 30 | $0 | |
Fred Maldanado Director | 1 | $0 | |
Judith Carrier Dir. Sec/tre | 1 | $0 | |
Ray Gomez Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,199 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $750 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $149,949 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $110,814 |
| Professional fees and other payments to independent contractors | $16,959 |
| Occupancy, rent, utilities, and maintenance | $9,979 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,834 |
| Total expenses | $158,586 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,033 |
| Other assets | $0 |
| Total assets | $22,033 |
| Total liabilities | $23,621 |
| Net assets or fund balances | -$1,588 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Redemption Bridge has recieved totaling $85,007.
| Awarding Organization | Amount |
|---|---|
Texas Mutual Insurance Company Austin, TX PURPOSE: Workforce Development & Safety Training | $75,000 |
State Fair Of Texas Dallas, TX PURPOSE: OPERATING SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Of Hope Austin, TX | $30,630,297 | $30,889,522 |
New Orleans Mission Inc New Orleans, LA | $5,963,143 | $11,588,055 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
City Of Faith Prison Ministries Monroe, LA | $6,013,159 | $9,077,995 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Greater St Stephen Ministries New Orleans, LA | $35,746,422 | $4,835,716 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |