Bridging Incorporated
- Assets
- $8.6m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Bloomington, MN
- Founding
- 10/1992
- Data as of
- 12/2022
- EIN
- 41-1725396
Organization Overview
Bridging Incorporated, operating under the name Bridging, is located in Bloomington, MN. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Bridging employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridging 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, Bridging generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $9.9m during the year ending 12/2022. 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
EMPOWERING THOSE WHO ARE PURSUING HOUSING STABILITY TO THRIVE IN THEIR HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIDGING PROVIDES FAMILIES AND INDIVIDUALS WHO ARE PURSUING STABLE HOUSING WITH QUALITY FURNITURE AND HOUSEHOLD GOODS TO STABILIZE AND IMPROVE LIVES WHILE EFFECTIVELY USING COMMUNITY RESOURCES. BRIDGING SERVES MORE THAN 4,600 CLIENT HOUSEHOLDS PER YEAR; NEARLY HALF OF THE PEOPLE SERVED ARE CHILDREN. THROUGH ITS TWO WAREHOUSE LOCATIONS IN THE TWIN CITIES, BRIDGING SERVES CLIENTS PRIMARILY IN THE SEVEN-COUNTY METRO AREA WITH A DEDICATED TEAM OF 40 STAFF MEMBERS AND APPROXIMATELY 2,500 VOLUNTEERS. THROUGH THE POWER OF RECYCLING, BRIDGING IS ABLE TO KEEP APPROXIMATELY 10-11 MILLION POUNDS OF ITEMS OUT OF THE WASTE STREAM EACH YEAR BY DISTRIBUTING THESE ITEMS TO CLIENTS OR PASSING THEM ALONG TO OTHER NONPROFITS AND ORGANIZATIONS THAT CAN USE THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Snegosky Chair | OfficerTrustee | 1.5 | $0 |
Tom Portz Treasurer | OfficerTrustee | 1.5 | $0 |
Erryn Williams Secretary | OfficerTrustee | 1.5 | $0 |
Ben Beard Director | Trustee | 1.5 | $0 |
Quay Crawford Director | Trustee | 1.5 | $0 |
Dan Kadlec Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $698,644 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,000,972 |
| Noncash contributions included in lines 1a–1f | $5,983,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,699,616 |
| Total Program Service Revenue | $1,259,504 |
| Investment income | $7,611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,577 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,341 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,129 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,060,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,101,982 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,458 |
| Compensation of current officers, directors, key employees. | $19,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,787,335 |
| Pension plan accruals and contributions | $58,294 |
| Other employee benefits | $107,281 |
| Payroll taxes | $156,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,150 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,239 |
| Advertising and promotion | $59,445 |
| Office expenses | $156,961 |
| Information technology | $62,398 |
| Royalties | $0 |
| Occupancy | $111,948 |
| Travel | $30,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,632 |
| Interest | $11,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246,770 |
| Insurance | $73,370 |
| All other expenses | $22,244 |
| Total functional expenses | $9,887,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $761,961 |
| Savings and temporary cash investments | $2,260,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,586 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $768,497 |
| Prepaid expenses and deferred charges | $92,986 |
| Net Land, buildings, and equipment | $4,485,902 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $59,902 |
| Other assets | $14,638 |
| Total assets | $8,600,999 |
| Accounts payable and accrued expenses | $187,862 |
| Grants payable | $0 |
| Deferred revenue | $52,182 |
| 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 | $158,612 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,899 |
| Total liabilities | $406,555 |
| Net assets without donor restrictions | $8,041,495 |
| Net assets with donor restrictions | $152,949 |
| 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 | $8,600,999 |