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Nonprofiteer
← BRIDGES IMPACT FOUNDATION

Form 990 for tax year 2024

Filed by BRIDGES IMPACT FOUNDATION.

Totals

Total revenue
$1,286,258
Total expenses
$1,181,414
Contributions and grants received
$714,389
Grants paid
$0
Program service revenue
$571,869
Investment income
$0
Other revenue
$0
Total assets, end of year
$845,884
Total liabilities, end of year
$194,289
Net assets or fund balances, end of year
$651,595
Program services expenses (Part IX)
$950,659
Management and general expenses
$170,591
Fundraising expenses
$60,164
Program service expenses (Part III)
$950,659

Program services were 80.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $714,389

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $571,869 · related or exempt $571,869

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $189,478 · program services $151,582 · management and general $18,948 · fundraising $18,948

  • 7 · Other salaries and wages

    total $570,263 · program services $472,263 · management and general $62,601 · fundraising $35,399

  • 8 · Pension plan contributions

    total $16,462 · program services $13,675 · management and general $1,822 · fundraising $965

  • 9 · Other employee benefits

    total $25,920 · program services $21,289 · management and general $2,784 · fundraising $1,847

  • 10 · Payroll taxes

    total $42,176 · program services $34,641 · management and general $4,530 · fundraising $3,005

  • 11c · Fees: accounting

    total $35,018 · management and general $35,018

  • 11g · Fees: other

    total $203,629 · program services $203,629

  • 13 · Office expenses

    total $63,568 · program services $29,382 · management and general $34,186

  • 16 · Occupancy

    total $3,671 · management and general $3,671

  • 17 · Travel

    total $24,198 · program services $24,198

  • 22 · Depreciation, depletion and amortization

    total $7,031 · management and general $7,031

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $624,915 · end of year $377,323

  • 2 · Savings and temporary cash investments

    beginning of year $5,000 · end of year $5,000

  • 3 · Pledges and grants receivable

    beginning of year $30,000 · end of year $300,000

  • 4 · Accounts receivable

    beginning of year $10,000 · end of year $152,910

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,198

  • 10a · Land, buildings and equipment: cost or other basis

    $23,938

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,287

  • 10c · Land, buildings and equipment, net

    beginning of year $17,682 · end of year $10,651

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,961 · end of year $88,598

  • 19 · Deferred revenue

    beginning of year $117,083 · end of year $105,691

  • 27 · Net assets without donor restrictions

    beginning of year $266,751 · end of year $351,595

  • 28 · Net assets with donor restrictions

    beginning of year $280,000 · end of year $300,000

Mission and programs · 2024

Mission

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.

  • IN 2024, THE BRIDGES IMPACT FOUNDATION CONTINUED TO SPONSOR TWO PROGRAMS: IMPACT FRONTIERS; AND THE MBA IMPACT INVESTMENT NETWORK AND TRAINING (THE TURNER MIINT).IN 2024, IMPACT FRONTIERS OFFERED ITS COHORT-BASED IMPACT MANAGEMENT PROGRAM TO INVESTORS IN CANADA, EUROPE, JAPAN, THE UNITED KINGDOM, AND THE UNITED STATES. IT PUBLISHED THE IMPACT PERFORMANCE REPORTING NORMS FOLLOWING A YEARLONG PROCESS OF PUBLIC CONSULTATION INVOLVING MORE THAN 350 INVESTORS AND SERVICE PROVIDERS. FINALLY, IT CONCLUDED ITS CONSENSUS-BUILDING INITIATIVE ON IMPACT MANAGEMENT FOR SOCIAL EQUITY.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 2024, THE PROGRAM CULMINATED ITS 13TH YEAR WITH 40 TOP BUSINESS AND POLICY PROGRAMS FROM AROUND THE WORLD.

    Expenses $950,659 · Revenue $571,869

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRIAN TRELSTAD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • MICHELE GIDDENS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • BRIAN WALSH

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • PETER BERNARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JOANNA COHEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • EDUARDO MEDEIROS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • TASHA SEITZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL MCCRELESS

    EXECUTIVE DIRECTOR

    Total calculated
    $189,478
    From this org
    $182,225
    From related orgs
    $0
    Other
    $7,253
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,225
    Bonus
    $0
    Other
    $0
    Deferred
    $7,253
    Nontaxable benefits
    $0
    Filer's total
    $189,478
  • ADWOA ASARE

    PROGRAM DIRECTOR

    Total calculated
    $149,868
    From this org
    $137,160
    From related orgs
    $0
    Other
    $12,708
    Hours/week
    40
  • NAO SUDO

    DIRECTOR

    Total calculated
    $138,938
    From this org
    $115,087
    From related orgs
    $0
    Other
    $23,851
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202513149349305226

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