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Nonprofiteer
← BRIDGES IMPACT FOUNDATION

Form 990 for tax year 2023

Filed by BRIDGES IMPACT FOUNDATION.

Totals

Total revenue
$846,097
Total expenses
$914,040
Contributions and grants received
$455,000
Grants paid
$1,000
Program service revenue
$379,885
Investment income
$0
Other revenue
$11,212
Total assets, end of year
$688,795
Total liabilities, end of year
$142,044
Net assets or fund balances, end of year
$546,751
Program services expenses (Part IX)
$719,154
Management and general expenses
$145,445
Fundraising expenses
$49,441
Program service expenses (Part III)
$719,154

Program services were 78.7% 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

    $455,000

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $379,885 · related or exempt $379,885

  • 11a · Other revenue: OTHER INCOME

    total $11,212 · excluded $11,212

  • 11e · Other revenue, total

    $11,212

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000 · program services $1,000

  • 5 · Compensation of officers, directors and key employees

    total $177,820 · program services $142,256 · management and general $17,782 · fundraising $17,782

  • 7 · Other salaries and wages

    total $427,741 · program services $354,965 · management and general $47,209 · fundraising $25,567

  • 8 · Pension plan contributions

    total $17,261 · program services $14,323 · management and general $1,905 · fundraising $1,033

  • 9 · Other employee benefits

    total $25,878 · program services $21,254 · management and general $2,780 · fundraising $1,844

  • 10 · Payroll taxes

    total $45,121 · program services $37,060 · management and general $4,846 · fundraising $3,215

  • 11c · Fees: accounting

    total $36,729 · management and general $36,729

  • 11g · Fees: other

    total $104,541 · program services $102,875 · management and general $1,666

  • 13 · Office expenses

    total $36,689 · program services $18,122 · management and general $18,567

  • 16 · Occupancy

    total $9,229 · management and general $9,229

  • 17 · Travel

    total $25,003 · program services $25,003

  • 19 · Conferences, conventions and meetings

    total $2,296 · program services $2,296

  • 22 · Depreciation, depletion and amortization

    total $4,189 · management and general $4,189

  • 24a · Other expenses: OTHER EXPENSES

    total $543 · management and general $543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $466,568 · end of year $624,915

  • 2 · Savings and temporary cash investments

    beginning of year $83,178 · end of year $5,000

  • 3 · Pledges and grants receivable

    beginning of year $200,044 · end of year $30,000

  • 4 · Accounts receivable

    end of year $10,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,203 · end of year $1,198

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

    $23,938

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

    $6,256

  • 10c · Land, buildings and equipment, net

    beginning of year $20,672 · end of year $17,682

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,041 · end of year $24,961

  • 19 · Deferred revenue

    beginning of year $142,930 · end of year $117,083

  • 27 · Net assets without donor restrictions

    beginning of year $464,694 · end of year $266,751

  • 28 · Net assets with donor restrictions

    beginning of year $150,000 · end of year $280,000

Mission and programs · 2023

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 2023, THE BRIDGES IMPACT FOUNDATION CONTINUED TO SPONSOR TWO PROGRAMS: IMPACT FRONTIERS; AND THE MBA IMPACT INVESTMENT NETWORK AND TRAINING (THE TURNER MIINT).IN 2023, IMPACT FRONTIERS OFFERED ITS COHORT-BASED IMPACT MANAGEMENT PROGRAM TO INVESTORS IN CANADA, EUROPE, JAPAN, THE UNITED KINGDOM, AND THE UNITED STATES. IT PUBLISHED GUIDANCE ON SYSTEMS MAPPING FOR IMPACT MANAGEMENT AND CONTINUED A MULTI-YEAR INITIATIVE TO FACILITATE CONSENSUS AMONG INVESTORS ON NORMS FOR IMPACT PERFORMANCE REPORTING. FINALLY, IT INITIATED NEW CONSENSUS-BUILDING PROJECTS IN AREAS OF PRACTICE WHERE STANDARDS AND GUIDANCE DO NOT YET EXIST, SUCH AS 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 $719,154 · Grants $1,000 · Revenue $379,885

As filed on the 2023 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

  • 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
    $177,820
    From this org
    $170,981
    From related orgs
    $0
    Other
    $6,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,981
    Bonus
    $0
    Other
    $0
    Deferred
    $6,839
    Nontaxable benefits
    $0
    Filer's total
    $177,820

  • ADWOA ASARE

    PROGRAM DIRECTOR

    Total calculated
    $141,185
    From this org
    $125,745
    From related orgs
    $0
    Other
    $15,440
    Hours/week
    40

  • NAO SUDO

    DIRECTOR

    Total calculated
    $120,068
    From this org
    $115,450
    From related orgs
    $0
    Other
    $4,618
    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
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202423169349303772

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