Bridging Virginia Inc

Organization Overview

Bridging Virginia Inc is located in Richmond, VA. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Bridging Virginia Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridging Virginia 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, Bridging Virginia Inc generated $884.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 64.6% each year . All expenses for the organization totaled $596.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT LARGELY MINORITY-OWNED SMALL BUSINESSES IN VIRGINIA BY PROVIDING ACCESS TO AFFORDABLE LOAN CAPITAL AND FINANCIAL SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE ACCESS TO AFFORDABLE LOAN CAPITAL AND FINANCIAL SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Leah Fremouw
President/ce
$150,000
Marland Buckner
Secretary
$0
Dr Christie Cade
Director
$0
Leesa Christian
Treasurer
$0
Cynthia Eppes Hudson
Director
$0
Harrison Roday
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $150,000
All other contributions, gifts, grants, and similar amounts not included above$650,403
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$800,403
Total Program Service Revenue$81,278
Investment income $3,011
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 $884,884

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