Building Bridge Foundation
- Assets
- $19.6m
- Revenue
- $719.9k
- Investments
- $18.8m
- Employees
- 0
- Location
- New Braunfels, TX
- Founding
- Data as of
- 12/2023
- EIN
- 84-3631169
Organization Overview
Building Bridge Foundation is located in New Braunfels, TX. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Building Bridge 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 12/2023, Building Bridge Foundation generated $719.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (56.5%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Building Bridge Foundation has awarded 98 individual grants totaling $2,770,262. 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
FOUNDATION GRANTS TO QUALIFYING 501(C)(3) ORGANIZATIONS TO FURTHER THEIR TAX EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Preston W Atkinson President | 5 | $0 | |
Malori Sapio Secretary | 5 | $0 | |
Robin L Atkinson Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $188,844 |
| Dividends & Interest | $633,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$105,203 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,996 |
| Total Revenue | $719,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,872 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $161,605 |
| Total operating and administrative expenses | $771,621 |
| Contributions, gifts, grants paid | $808,335 |
| Total expenses and disbursements | $1,579,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,681 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $43 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,323,738 |
| Net Land, buildings, and equipment | $99,468 |
| Other assets | $0 |
| Total assets | $19,560,773 |
| 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 | $12,360 |
| Total liabilities | $12,360 |
Grants Awarded
Over the last fiscal year, Building Bridge Foundation has awarded $808,335 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
COMAL COUNTY YOUNG LIFE PURPOSE: TO SUPPORT TRANSPORTATION FOR SUMMER CAMPS | $75,000 |
BELONGST JUDE RANCH FOR CHILDREN TEXAS PURPOSE: FUNDING FOR FOSTER FAMILY RESOURCE CENTER | $10,000 |
COMMUNITIES IN SCHOOLS OF SOUTH CENTRAL TEXAS PURPOSE: TO PROVIDE RESOURCES FOR SCHOOL DROPOUT PREVENTION | $75,000 |
CONNECTIONS INDIVIDUAL AND FAMILY SERVICES PURPOSE: TO SUPPORT AT-RISK YOUTH IN COMAL COUNTY, TX | $25,000 |
CRISIS CENTER OF COMAL COUNTY PURPOSE: TO PROVIDE TEMPORARY HOUSING AND TO REBUILD FAMILY SHELTER FOLLOWING FIRE DAMAGE | $10,000 |
CROSSROADS BUSINESS & EDUCATION CENTER PURPOSE: TO MERGE BUSINESS AND COMMUNITY MEMBERSTO CREATE A PRODUCTIVE WORKFORCE | $5,000 |