Bridges To Prosperity Inc
- Assets
- $3.2m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 22
- Location
- Denver, CO
- Founding
- 07/2001
- Data as of
- 08/2021
- EIN
- 54-2031102
Organization Overview
Bridges To Prosperity Inc is located in Denver, CO. The organization was established in 2001. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 08/2021, Bridges To Prosperity Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges To Prosperity 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 08/2021, Bridges To Prosperity Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $5.0m during the year ending 08/2021. While expenses have increased by 3.2% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 WAS A YEAR OF GROWTH, TRANSITION, AND SUCCESS. SIGNIFICANTLY, STAFF CONTINUED THEIR PURSUIT OF NEAR- AND LONG-TERM GOALS RESULTING IN THE CONSTRUCTION OF 22 NEW TRAILBRIDGES THAT PROVIDE YEAR-ROUND SAFE ACCESS FOR 80,617 RURAL RESIDENTS. ADDITIONALLY, 2021 SAW LONG-TIME PRESIDENT AND CEO, AVERY BANG, TRANSITION FROM HER STAFF ROLE TO ONE OF CONTINUED LEADERSHIP AS A MEMBER OF OUR BOARD OF DIRECTORS IN ALIGNMENT WITH THE ORGANIZATION'S STRATEGIC PLAN. ACCORDINGLY, THE BOARD LED A SUCCESSFUL GLOBAL SEARCH FOR A NEW CEO WHO WILL LEAD IMPACT IN EAST AFRICA, AND BEYOND, BENEFITING GENERATIONS TO COME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avery Bang CEO | Officer | 40 | $158,101 |
Ann Cannella CFO | Officer | 40 | $98,157 |
Christina Barstow COO | Officer | 40 | $88,510 |
Sue Dorsey Treasurer | OfficerTrustee | 2 | $0 |
Jan Tuchman Chair | OfficerTrustee | 2 | $0 |
Carole Bionda Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,188,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,182,330 |
| Noncash contributions included in lines 1a–1f | $584,008 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,370,643 |
| Total Program Service Revenue | $0 |
| Investment income | $4,588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,754 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,375,826 |
| 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. | $376,154 |
| Compensation of current officers, directors, key employees. | $168,509 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,874,845 |
| Pension plan accruals and contributions | $19,252 |
| Other employee benefits | $125,579 |
| Payroll taxes | $133,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,124 |
| Fees for services: Accounting | $44,159 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $270,513 |
| Advertising and promotion | $31,620 |
| Office expenses | $147,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,093 |
| Travel | $237,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,470 |
| Insurance | $48,024 |
| All other expenses | $0 |
| Total functional expenses | $5,014,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,676 |
| Savings and temporary cash investments | $1,231,324 |
| Pledges and grants receivable | $1,223,486 |
| Accounts receivable, net | $453,131 |
| 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 | $130,271 |
| Net Land, buildings, and equipment | $158,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,237,840 |
| Accounts payable and accrued expenses | $335,560 |
| Grants payable | $0 |
| Deferred revenue | $7,050 |
| 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 | $349,100 |
| Other liabilities | $0 |
| Total liabilities | $691,710 |
| Net assets without donor restrictions | $1,568,419 |
| Net assets with donor restrictions | $977,711 |
| 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 | $3,237,840 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Bridges To Prosperity Inc has recieved totaling $11,796,095.
| Awarding Organization | Amount |
|---|---|
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: TRANSFORMATIVE CONNECTIVITY IN RURAL ETHIOPIA | $5,262,850 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: TRANSFORMATIVE CONNECTIVITY IN RURAL ETHIOPIA | $2,812,542 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: TRANSFORMATIVE CONNECTIVITY IN RURAL ETHIOPIA | $2,648,126 |
Mulago Foundation New York, NY PURPOSE: RELIEF TO THE POOR | $250,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $200,000 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: ETHIOPIA ASSESSMENT OF BRIDGE INFRASTRUCTURE | $142,110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
English Language Institute In China Fort Collins, CO | $10,835,190 | $18,809,399 |
Doterra Healing Hands Foundation Pleasant Grove, UT | $7,231,777 | $11,842,718 |
Reach Now International Inc Tulsa, OK | $23,892 | $8,518,045 |
Esperanca Inc Phoenix, AZ | $5,441,350 | $6,254,159 |
Engineers Without Borders Usa Inc Denver, CO | $11,070,406 | $9,132,500 |
Bridges To Prosperity Inc Denver, CO | $3,237,840 | $5,375,826 |
Blessings International Broken Arrow, OK | $7,020,981 | $3,899,748 |
World Neighbors Inc Oklahoma City, OK | $13,374,018 | $3,387,870 |
Center For Humanitarian Outreach And Intercultural Exchange West Jordan, UT | $2,351,499 | $3,610,441 |
Resource Exchange International Inc Colorado Springs, CO | $1,558,644 | $2,699,070 |
Mountainchild Inc Parker, CO | $2,969,952 | $2,168,702 |
Womens International Network For Guatemalan Solutions Inc Pueblo, CO | $1,992,400 | $1,829,087 |