Bridge The Gap Inc
- Assets
- $175.7k
- Revenue
- $107.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Kensington, MD
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-5419712
Organization Overview
Bridge The Gap Inc is located in Kensington, MD. The organization was established in 2014. 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. Bridge The Gap 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, Bridge The Gap Inc generated $107.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $103.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bridge The Gap Inc has awarded 106 individual grants totaling $611,257. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAR DISTRIBUTIONPROJECT - OUR FOUNDATION PURCHASES INSPECTS AND PROVIDES NEEDED REPAIRS TO USED VEHICLES WHICH ARE THEN DISTRIBUTED TO PERSONS AND FAMILIES NEEDING THEM TO GET TO WORK OR FIND WORK. WE WERE ABLE TO PLACE TWELVE CARS IN THIS WAY DURING 2023. THE CARS ARE USUALLY TOTALLY FREE FOR RECIPIENTS. IN A FEW CASES WE WILL ASK THEM TO PAY A SMALL PORTION OF THE COSTS.
ECONOMIC ASSISTANCE - WE DO SEND MONEY TO SPECIFIC INDIVIDUALS AND FAMILIES WHOM WE FEEL DO NOT HAVE SUFFICIENT INCOME TO PROVIDE FOR BASIC NEEDS. WE HELPED SIX INDIVIDUALS IN THIS WAY DURING 2023.
FREE MEDICINE PROJECT - WE PROVIDED CASH TO A HEALTH CARE ORGANIZATION THAT USED IT TO GIVE FREE MEDICINE TO PATIENTS WHO APPEARED UNABLE TO PURCHASE WHAT WAS PRESCRIBED BY THEIR PHYSICIANS. WE UTILIZED $18,000 OF OUR FUNDS IN THIS WAY DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Johnson President | 8 | $0 | |
Lynn Johnson Vice President | 2 | $0 | |
Janet Camillo Secretary | 1 | $0 | |
Bradley Holst Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $103,769 |
| Interest on Savings | $7,422 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,043 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,148 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $171 |
| Contributions, gifts, grants paid | $103,700 |
| Total expenses and disbursements | $103,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,075 |
| Savings and temporary cash investments | $169,797 |
| 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 | $3,787 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $175,659 |
| 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, Bridge The Gap Inc has awarded $103,700 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ENAYDI ELIAS PURPOSE: ASSIST WITH LIVING EXPENSES | $500 |
DIANE JOHNSON PURPOSE: ASSIST WITH LIVING EXPENSES | $12,000 |
EILEEN LEE PURPOSE: ASSIST WITH LIVING EXPENSES | $12,000 |
TED SIMMONS PURPOSE: ASSIST WITH LIVING EXPENSES | $6,000 |
SANA JAMILI PURPOSE: TO ALLOW CLIENT TO WORK | $4,891 |
NAIMATULLAH AHMADZAI PURPOSE: TO ALLOW CLIENT TO WORK | $5,303 |