Bridge To Brighter Inc
- Assets
- $553.3k
- Revenue
- $447.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Madison, WI
- Founding
- Data as of
- 12/2022
- EIN
- 86-3317249
Organization Overview
Bridge To Brighter Inc is located in Madison, WI. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2022, Bridge To Brighter Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge To Brighter 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 12/2022, Bridge To Brighter Inc generated $447.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $490.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ASSIT YOUTH EXITING FOSTER CARE AS THEY TRANSITION TO ADULT LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE DEVELOPED THE CONCEPT FOR OUR MISSION. WE HIRED EXECUTIVE DIRECTOR, NICK SGARLATA. WE ORGANIZED THE BOARD OF DIRECTORS, WHOM ALL CONTRIBUTE SOME LEVEL OF EXPERTISE IN THEIR FIELD, AND INCLUDES SEVERAL WHO WORK WITH FOSTER CHILDREN NOW, AND ONE YOUNG MAN WHO WAS IN FOSTER CARE AND HAS AGED OUT AND MADE THE TRANSITION TO ADULTHOOD. WE PURCHASED AN 8 UNIT APPARTMENT BUILDING IN LATE SEPTEMBER 2021, TO HOUSE YOUTH AS WE MENTOR THEM AND HELP THEM MAKE THE TRANSITION TO ADULTS WHO CONTRIBUTE TO SOCIETY. OUR FIRST YOUTH JOINED THE PROGRAM IN OCTOBER 2021.
WE DEVELOPED THE CONCEPT FOR OUR MISSION. WE HIRED EXECUTIVE DIRECTOR, NICKSGARLATA. WE ORGANIZED THE BOARD OF DIRECTORS, WHOM ALL CONTRIBUTE SOMELEVEL OF EXPERTISE IN THEIR FIELD, AND INCLUDES SEVERAL WHO WORK WITHFOSTER CHILDREN NOW, AND ONE YOUNG MAN WHO WAS IN FOSTER CARE AND HAS AGEDOUT AND MADE THE TRANSITION TO ADULTHOOD. WE PURCHASED AN 8 UNITAPPARTMENT BUILDING IN LATE SEPTEMBER 2021, TO HOUSE YOUTH AS WE MENTORTHEM AND HELP THEM MAKE THE TRANSITION TO ADULTS WHO CONTRIBUTE TO SOCIETY. OUR FIRST YOUTH JOINED THE PROGRAM IN OCTOBER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Sgarlata Executive Di | OfficerTrustee | $0 | |
Kevin Mehring CEO | Officer | $0 | |
Rob Wilson Treasurer | Officer | $0 | |
Kim Malvick Secretary | Officer | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $480,013 |
| Investment income | $490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$32,629 |
| 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 | $447,874 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,206 |
| Pension plan accruals and contributions | $3,816 |
| Other employee benefits | $815 |
| Payroll taxes | $11,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $248,863 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,785 |
| Advertising and promotion | $9,498 |
| Office expenses | $7,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,129 |
| 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 | $0 |
| Insurance | $42,547 |
| All other expenses | $0 |
| Total functional expenses | $490,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,060 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $275 |
| 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 | $0 |
| Net Land, buildings, and equipment | $526,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $553,323 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,066 |
| Total liabilities | $3,066 |
| Net assets without donor restrictions | $550,257 |
| 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 | $553,323 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bridge To Brighter Inc has recieved totaling $640,868.
| Awarding Organization | Amount |
|---|---|
Mehring Family Foundation Madison, WI PURPOSE: FOSTER CARE SUPPORT- ADDITIONAL | $522,468 |
Mehring Family Foundation Madison, WI PURPOSE: FOSTER CARE SUPPORT | $118,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Youth And Family Solutions Peoria, IL | $12,220,925 | $40,028,790 |
Lutheran Services In Iowa Inc Des Moines, IA | $29,699,936 | $34,502,625 |
Northwood Childrens Home Society Inc Duluth, MN | $28,783,632 | $20,157,411 |
Ennis Center For Children Inc Flint, MI | $5,584,723 | $17,419,199 |
S O S Childrens Villages Illinois Chicago, IL | $43,220,580 | $16,194,875 |
Spero Family Services Mount Vernon, IL | $7,180,018 | $13,404,846 |
Spaulding For Children Southfield, MI | $7,623,371 | $10,216,119 |
Anu Family Services Inc Hudson, WI | $1,968,643 | $4,725,579 |
Greater Minneapolis Crisis Nursery Minneapolis, MN | $4,153,796 | $4,106,598 |
Family Alternatives Inc Minneapolis, MN | $1,435,944 | $3,112,949 |
House Of Providence Oxford, MI | $4,144,149 | $3,471,318 |
Evangelical Child & Family Agency Wheaton, IL | $2,719,927 | $2,720,206 |