Digital Bridge Inc
- Assets
- $555.4k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Milwaukee, WI
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 46-5178962
Organization Overview
Digital Bridge Inc is located in Milwaukee, WI. The organization was established in 2015. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Digital Bridge Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Digital Bridge 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 12/2023, Digital Bridge Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE DIGITAL BRIDGE, AND IT IS OUR MISSION TO CONNECT UNDER-SERVED GROUPS AND INDIVIDUALS WITH DIGITAL RESOURCES THAT THEY WOULD OTHERWISE NOT BE ABLE TO ACCESS ON THEIR OWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 DIGITAL BRIDGE REFURBISHED AND DISTRIBUTED OVER 4,000 DEVICES AROUND WISCONSIN AND THE U.S. CONTINUING OUR WORK ON A GRANT RECEIVED THROUGH THE WI DOA AND UNITED WAY TO DISTRIBUTE 6,000 DEVICES TO LOW-INCOME FAMILIES IN THE GREATER MILWAUKEE AND WAUKESHA COUNTIES. WE HAVE CONTINUED TO HAVE AN INTERNATIONAL IMPACT AS WELL THROUGH OUR LOCAL PARTNERS DOING GREAT WORK IN LESS DEVELOPED PARTS OF THE WORLD, HELPING THEM ESTABLISH COMPUTER LABS THAT WILL HAVE A LASTING IMPACT. WE EXPANDED OUR CORPORATE DONOR BASE THROUGH OUR CORPORATE IT ASSET DISPOSITION SERVICES, ALLOWING US TO HAVE AN EVEN GREATER IMPACT IN THE COMING YEARS. WE HAVE EXPANDED OUR E-WASTE SERVICES TO COVER OUR DONOR LOCATIONS ACROSS THE MIDWEST IN ADDITION TO OFFERING SHIPPING AND LOGISTICS FOR LOCATIONS ACROSS THE COUNTRY. WE DIVERTED 300,000 LBS OF EWASTE FROM LANDFILLS. OUR NAID CERTIFIED TEAM SECURELY DESTROYED THE DATA ON 14,860 DRIVES. OUR TEAM HAS BEEN WORKING CLOSELY WITH THE STATE BROADBAND OFFICE AND OTHER PARTNERS TO PREPARE FOR THE BEST USE OF FEDERAL FUNDING OF DIGITAL INCLUSION EFFORTS STARTING IN 2024. DIGITAL BRIDGE CONTINUES TO BE A DRIVING FORCE BEHIND DIGITAL INCLUSION AND ELECTRONICS REUSE IN WI AND THE U.S.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Hanson President | OfficerTrustee | 40 | $79,700 |
Paul Hausch Treasurer | OfficerTrustee | 5 | $0 |
Michael Bubolz Secretary | OfficerTrustee | 5 | $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 | $725,762 |
| Noncash contributions included in lines 1a–1f | $602,990 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $725,762 |
| Total Program Service Revenue | $1,029,732 |
| 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 | $1,755,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $79,700 |
| Compensation of current officers, directors, key employees. | $7,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $434,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,557 |
| Advertising and promotion | $26,520 |
| Office expenses | $253,131 |
| Information technology | $10,388 |
| Royalties | $0 |
| Occupancy | $90,888 |
| Travel | $54,383 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,942 |
| Interest | $2,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,052 |
| Insurance | $16,675 |
| All other expenses | $1,923 |
| Total functional expenses | $1,837,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,252 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $277,920 |
| Prepaid expenses and deferred charges | $7,825 |
| Net Land, buildings, and equipment | $41,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,300 |
| Total assets | $555,411 |
| Accounts payable and accrued expenses | $42,734 |
| Grants payable | $0 |
| Deferred revenue | $305,400 |
| 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 | $24,948 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $373,082 |
| Net assets without donor restrictions | $182,329 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $555,411 |