Bridges Impact Foundation
- Assets
- $482.5k
- Revenue
- $401.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Boston, MA
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-3815673
Organization Overview
Bridges Impact Foundation is located in Boston, MA. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Bridges Impact Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges Impact Foundation 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, Bridges Impact Foundation generated $401.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $746.0k during the year ending 12/2021. 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 FOSTER AND SUPPORT THE DEVELOPMENT OF IMPACT INVESTING, SOCIAL ENTREPRENEURSHIP, AND OTHER INNOVATIVE FUNDING MECHANISMS TO EFFECT SOCIAL CHANGE BY, AMONG OTHER ACTIVITIES, (A) CREATING AND FACILITATING EDUCATIONAL FORUMS, TRAININGS, WORKSHOPS AND PROGRAMS, (B) CONDUCTING, COLLECTING, SUPPORTING, PUBLISHING AND DISSEMINATING RESEARCH, (C) AND DEVELOPING AND PROMOTING COLLABORATIONS, RELATIONSHIPS AND FIELD-BASED PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE BRIDGES IMPACT FOUNDATION CONTINUED TO SPONSOR TWO PROGRAMS: IMPACT FRONTIERS; AND THE MBA IMPACT INVESTMENT NETWORK AND TRAINING (THE TURNER MIINT). IN 2021, IMPACT FRONTIERS OFFERED ITS IMPACT MANAGEMENT PROGRAM TO MORE THAN 80 ASSET MANAGERS AND ASSET OWNERS GLOBALLY. IT ALSO FACILITATED FURTHER CONSENSUS-BUILDING PROJECTS IN AREAS OF PRACTICE WHERE STANDARDS AND GUIDANCE DO NOT YET EXIST, SUCH AS INVESTOR CONTRIBUTION. THE ORGANIZATION EVOLVED FROM A SOLO ENTREPRENEUR TO A TEAM PHASE WHICH WOULD BECOME THE FOUNDATION FOR IMPLEMENTING FURTHER PROJECTS IN 2022. THE TURNER MBA IMPACT INVESTING NETWORK AND TRAINING (THE MIINT) IS THE WORLD'S LARGEST AND MOST EFFECTIVE MULTI-UNIVERSITY COURSE ON IMPACT INVESTING, OPERATED IN PARTNERSHIP WITH THE UNIVERSITY OF PENNSYLVANIA'S WHARTON SCHOOL OF BUSINESS. IN 2021, THE PROGRAM CULMINATED ITS 10TH YEAR WITH 45 TOP BUSINESS AND POLICY PROGRAMS FROM AROUND THE WORLD COMPETING IN A FULLY VIRTUAL GLOBAL FINALS. THE VIRTUAL FORMAT ALLOWED JUDGES FROM MULTIPLE REGIONS AND COUNTRIES TO PARTICIPATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mccreless Program Manager - Impact Frontier | 40 | $165,000 | |
Michele Giddens Secretary | OfficerTrustee | 1 | $0 |
Brian Walsh Treasurer | OfficerTrustee | 2 | $0 |
Brian Trelstad President | OfficerTrustee | 10 | $0 |
Tasha Seitz Board Member | Trustee | 2 | $0 |
Eduardo Medeiros Board Member | 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 | $55,663 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,663 |
| Total Program Service Revenue | $345,961 |
| 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 | $401,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,023 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $245,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $171,600 |
| Compensation of current officers, directors, key employees. | $17,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,741 |
| Pension plan accruals and contributions | $4,226 |
| Other employee benefits | $11,322 |
| Payroll taxes | $21,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,368 |
| Advertising and promotion | $0 |
| Office expenses | $54,780 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,843 |
| Travel | $0 |
| 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 | $427 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $745,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,461 |
| Savings and temporary cash investments | $85,162 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,054 |
| 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 | $1,667 |
| Net Land, buildings, and equipment | $3,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $482,504 |
| Accounts payable and accrued expenses | $26,107 |
| Grants payable | $0 |
| Deferred revenue | $267,551 |
| 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 | $293,658 |
| Net assets without donor restrictions | $188,846 |
| 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 | $482,504 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bridges Impact Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Walske Charitable Foundation Boston, MA PURPOSE: GENERAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grantham Foundation For The Protection Of The Environment Boston, MA | $585,096,833 | $210,457,800 |
Candid New York, NY | $88,006,038 | $55,202,801 |
Forsyth Dental Infirmary For Children Cambridge, MA | $46,427,599 | $15,162,236 |
Fund For The Public Interest Inc Boston, MA | $38,723,767 | $15,827,211 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Person To Person Inc Darien, CT | $8,508,315 | $15,004,932 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |