Bridgeman Charitable Group Inc
- Assets
- $383.3k
- Revenue
- $110.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 46-4406300
Organization Overview
Bridgeman Charitable Group Inc is located in Louisville, KY. The organization was established in 2015. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Bridgeman Charitable Group 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 12/2021, Bridgeman Charitable Group Inc generated $110.0k 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 (19.1%) each year. All expenses for the organization totaled $186.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS AND PUBLIC AWARENESS FOR NON-PROFIT ORGANIZATIONS IN THE GREATER LOUISVILLE AREA THAT HAVE A FOCUS ON CHILDREN, EDUCATION OR HEALTH AWARENESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GRANTS PAID: $50,000 TO THE WEST END SCHOOL , $50,000 TO METRO UNITED WAY, $25,000 TO ENTERTAINMENT INDUSTRY FOUNDATION, $1,000 TO LION'S CAMP CRESENDO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ulysses L Bridgeman Jr Chairman | Trustee | 1 | $0 |
Eden Bridgeman Director | Trustee | 1 | $0 |
Ryan Bridgeman Director | Trustee | 1 | $0 |
Justin Bridgeman 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 | $110,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $126,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,505 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,125 |
| 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 | $344 |
| Total functional expenses | $186,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,413 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $376 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,539 |
| Total assets | $383,328 |
| Accounts payable and accrued expenses | $70,517 |
| 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 | $0 |
| Total liabilities | $70,517 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $312,811 |
| Total liabilities and net assets/fund balances | $383,328 |
Grants Awarded
Over the last fiscal year, Bridgeman Charitable Group Inc has awarded $125,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: COVID RELIEF | $50,000 |
Louisville, KY PURPOSE: ACADEMICALLY RIGOROUS SCHOOL HELPING AT RISK WEST END LOUISVILLE BOYS | $50,000 |
Los Angeles, CA PURPOSE: RAISE AWARENESS AND FUNDS FOR ISSUES AROUND THE WORLD | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bridgeman Charitable Group Inc has recieved totaling $535,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $520,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Norton Healthcare Inc Louisville, KY PURPOSE: General program support for charities and the Louisville community | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert R Mccormick Foundation Chicago, IL | $1,522,880,168 | $43,489,096 |
Margaret And Robert Walter Foundation Columbus, OH | $119,634,869 | $20,893,833 |
David F And Margaret T Grohne Family Foundation Western Springs, IL | $161,662,019 | $15,904,271 |
Charitable Pharmacy Of Central Ohio Columbus, OH | $4,066,781 | $13,066,074 |
Legacy Ministries International Miamisburg, OH | $19,772,122 | $9,496,870 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg Chicago, IL | $0 | $100,169 |
Peter And Paula Fasseas Foundation Chicago, IL | $50,357,726 | $8,283,085 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Stephenson Family Foundation Schaumburg, IL | $89,371 | $3,480,000 |
Galesburg Community Foundation Galesburg, IL | $41,357,933 | $5,623,656 |