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Nonprofiteer
← BRIDGES USA INC

Form 990 for tax year 2023

Filed by BRIDGES USA INC.

Totals

Total revenue
$708,593
Total expenses
$1,230,535
Contributions and grants received
$0
Grants paid
$1,100,000
Program service revenue
$0
Investment income
$702,933
Other revenue
$5,660
Total assets, end of year
$20,164,233
Total liabilities, end of year
$1,573,397
Net assets or fund balances, end of year
$18,590,836
Program services expenses (Part IX)
$1,100,000
Management and general expenses
$130,535
Fundraising expenses
$0
Program service expenses (Part III)
$1,100,000

Program services were 89.4% 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.

  • 3 · Investment income

    total $323,807 · excluded $323,807

  • 7a · Gross sales of assets other than inventory

    securities $1,331,502

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

    securities $952,376

  • 7c · Gain or loss

    securities $379,126

  • 7d · Net gain or loss

    total $379,126 · excluded $379,126

  • 11a · Other revenue: PASSTHROUGH INCOME VIA PRESERVER

    total $5,660 · unrelated business -$3,495 · excluded $9,155

  • 11e · Other revenue, total

    $5,660

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,100,000 · program services $1,100,000

  • 11f · Fees: investment management

    total $30,535 · management and general $30,535

  • 24a · Other expenses: CONTRACTED SERVICES

    total $100,000 · management and general $100,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,541 · end of year $218,400

  • 11 · Investments: publicly traded securities

    beginning of year $20,011,100 · end of year $19,945,833

  • 25 · Other liabilities

    beginning of year $1,573,397 · end of year $1,573,397

  • 27 · Net assets without donor restrictions

    beginning of year $1,448,801 · end of year $1,603,539

  • 28 · Net assets with donor restrictions

    beginning of year $17,045,443 · end of year $16,987,297

Mission and programs · 2023

Mission

PROVIDE EDUCATIONAL PROGRAMS FOR YOUTH. THE SOLE PURPOSE OF THIS ORGANIZATION IS TO ASSIST IN FUNDING THE NON-PROFIT ACTIVITIES OF BRIDGES USA, INC.

  • THE FOUNDATION WAS ORGANIZED AND OPERATED AS A TYPE II SUPPORTING ORGANIZATION DESCRIBED IN SECTION 509(A)(1) OR SECTION 509(A)(2) EXCLUSIVELY FOR THE BENEFIT OF AND TO ASSIST IN CARRYING OUT THE PURPOSE OF YOUTH EDUCATION THROUGH BRIDGES, U.S.A., INC.

    Expenses $1,100,000 · Grants $1,100,000

As filed on the 2023 return.

Listed in Part VII

  • Calvin Anderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tony Graves

    SECRETARY/TREASUER

    Total calculated
    $0
    Hours/week
    1

  • Stanton Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nicole Cody

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Gina Christian

    CONTROLLER

    Total calculated
    $79,029
    From this org
    $0
    From related orgs
    $72,560
    Other
    $6,469
    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.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202500159349303110

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