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Nonprofiteer
← BRADLEY IMPACT FUND INC

Form 990 for tax year 2022

Filed by BRADLEY IMPACT FUND INC.

Totals

Total revenue
$108,123,443
Total expenses
$67,735,663
Contributions and grants received
$108,252,279
Grants paid
$64,883,276
Program service revenue
$0
Investment income
-$130,201
Other revenue
$1,365
Total assets, end of year
$115,040,326
Total liabilities, end of year
$790,905
Net assets or fund balances, end of year
$114,249,421
Program services expenses (Part IX)
$66,665,720
Management and general expenses
$724,265
Fundraising expenses
$345,678
Program service expenses (Part III)
$66,665,720

Program services were 98.4% 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

    $108,252,279

  • 1g · Noncash contributions included above

    $17,962,690

  • 3 · Investment income

    total $1,308,902 · excluded $1,308,902

  • 7a · Gross sales of assets other than inventory

    securities $71,447,359

  • 7b · Less cost or other basis and sales expenses

    securities $72,886,462

  • 7c · Gain or loss

    securities -$1,439,103

  • 7d · Net gain or loss

    total -$1,439,103 · excluded -$1,439,103

  • 11d · All other revenue

    total $1,365 · excluded $1,365

  • 11e · Other revenue, total

    $1,365

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $64,883,276 · program services $64,883,276

  • 5 · Compensation of officers, directors and key employees

    total $791,267 · program services $522,606 · management and general $209,774 · fundraising $58,887

  • 7 · Other salaries and wages

    total $74,978 · program services $16,386 · management and general $19,383 · fundraising $39,209

  • 8 · Pension plan contributions

    total $5,245 · management and general $285 · fundraising $4,960

  • 9 · Other employee benefits

    total $30,762 · program services $21,858 · management and general $780 · fundraising $8,124

  • 10 · Payroll taxes

    total $45,608 · program services $28,350 · management and general $11,638 · fundraising $5,620

  • 11b · Fees: legal

    total $31,531 · management and general $31,531

  • 11c · Fees: accounting

    total $95,959 · management and general $95,959

  • 11e · Fees: professional fundraising services

    total $98,211 · fundraising $98,211

  • 11f · Fees: investment management

    total $176,357 · management and general $176,357

  • 11g · Fees: other

    total $407,272 · program services $347,306 · management and general $34,081 · fundraising $25,885

  • 12 · Advertising and promotion

    total $147,197 · program services $136,570 · management and general $10,627

  • 13 · Office expenses

    total $49,639 · program services $9,723 · management and general $29,656 · fundraising $10,260

  • 14 · Information technology

    total $247,371 · program services $181,439 · management and general $65,842 · fundraising $90

  • 16 · Occupancy

    total $59,042 · program services $54,329 · management and general $4,713

  • 17 · Travel

    total $82,181 · program services $21,261 · management and general $7,282 · fundraising $53,638

  • 19 · Conferences, conventions and meetings

    total $465,440 · program services $441,298 · management and general $15,348 · fundraising $8,794

  • 22 · Depreciation, depletion and amortization

    total $1,318 · program services $1,318

  • 23 · Insurance

    total $11,009 · management and general $11,009

  • 24a · Other expenses: SPONSORSHIP

    total $32,000 · fundraising $32,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,171,009 · end of year $53,995,716

  • 3 · Pledges and grants receivable

    beginning of year $824,847 · end of year $540,426

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,457 · end of year $39,050

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

    $182,810

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

    $2,526

  • 10c · Land, buildings and equipment, net

    beginning of year $5,382 · end of year $180,284

  • 11 · Investments: publicly traded securities

    beginning of year $43,565,802 · end of year $60,009,994

  • 15 · Other assets

    beginning of year $0 · end of year $274,856

  • 17 · Accounts payable and accrued expenses

    beginning of year $187,483 · end of year $207,965

  • 18 · Grants payable

    beginning of year $29,000 · end of year $250,000

  • 25 · Other liabilities

    beginning of year $49,659 · end of year $332,940

  • 27 · Net assets without donor restrictions

    beginning of year $78,493,508 · end of year $113,708,995

  • 28 · Net assets with donor restrictions

    beginning of year $824,847 · end of year $540,426

Mission and programs · 2022

Mission

THE BRADLEY IMPACT FUND IS A DONOR-ADVISED FUND WITH A MISSION TO SERVE AS PHILANTHROPIC ADVISORS WHO EDUCATE, EMPOWER, AND INSPIRE DONORS TO ADVANCE OUR COMMON PRINCIPLES THROUGH HIGH-IMPACT GIVING AND THE PROTECTION OF DONOR INTENT.

Activities or mission (Part I)

THE BRADLEY IMPACT FUND PROVIDES GRANTS TO ORGANIZATIONS THAT ALIGN WITH ITS GIVING AREAS OF CIVIL SOCIETY, INFORMED CITIZENS, FREE MARKETS, AND CONSTITUTIONAL ORDER.

  • THE BRADLEY IMPACT FUND PROVIDES FUNDING TO ORGANIZATIONS THAT RESEARCH PUBLIC POLICY AND EDUCATE THE PUBLIC ON POLICY ISSUES. THE ORGANIZATION'S BOARD OF DIRECTORS SELECT ORGANIZATIONS FOR GRANTS AND ASSISTANCE BASED UPON A RIGOROUS EXAMINATION PROCESS THAT INCLUDES AN ANALYSIS OF THE ORGANIZATION'S EFFECTIVENESS IN ITS FIELD OF INTEREST; THE ORGANIZATION'S CREATIVITY AND PAST RESULTS; THE POTENTIAL OF FOCUSED, SPECIAL PROJECTS; THE ORGANIZATION'S ACCOUNTABILITY AND TRANSPARENCY WITH FUNDS; APPROPRIATENESS OF THE ACTIVITIES UNDER SECTION 501(C)(3); AND RELEVANT FACTORS PERTAINING TO EACH ORGANIZATION.

    Expenses $66,665,720 · Grants $64,883,276

As filed on the 2022 return.

Listed in Part VII

  • Curt Culver

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Richard Graber

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jason Kohout

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Phillip Prange

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Murphy Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen Einhorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick English

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sylvie Legere

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • James Arthur Art Pope

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Beagle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gabriel Conger

    PRESIDENT

    Total calculated
    $289,046
    From this org
    $232,279
    From related orgs
    $0
    Other
    $56,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,171
    Bonus
    $50,000
    Other
    $108
    Deferred
    $33,458
    Nontaxable benefits
    $23,309
    Filer's total
    $289,046

  • Jessica Dean

    SENIOR VICE PRESIDENT

    Total calculated
    $187,213
    From this org
    $143,541
    From related orgs
    $0
    Other
    $43,672
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,293
    Bonus
    $0
    Other
    $248
    Deferred
    $22,350
    Nontaxable benefits
    $21,322
    Filer's total
    $187,213

  • Kala Hill

    DIRECTOR OF PROGRAMS & STRATEGY

    Total calculated
    $124,190
    From this org
    $88,282
    From related orgs
    $0
    Other
    $35,908
    Hours/week
    40

  • Sherry Street

    SR PHILANTHROPIC ADVISOR

    Total calculated
    $190,818
    From this org
    $155,775
    From related orgs
    $0
    Other
    $35,043
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,438
    Bonus
    $0
    Other
    $1,337
    Deferred
    $16,992
    Nontaxable benefits
    $18,051
    Filer's total
    $190,818

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
JESSICA DEAN'S SOCIAL CLUB DUES ARE PAID BY BRADLEY IMPACT FUND. THEY WERE NOT TREATED AS TAXABLE COMPENSATION.
PART I, LINE 7
DISCRETIONARY BONUSES ARE PAID TO CERTAIN STAFF MEMBERS BASED ON ANNUAL PERFORMANCE AND ARE BOARD APPROVED. THE BONUSES ARE REPORTED ON PART II, COLUMN (B)(II)

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349323507

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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