Totals
- Total revenue
- $8,321,914
- Total expenses
- $12,041,008
- Contributions and grants received
- $2,368,398
- Grants paid
- $0
- Program service revenue
- $5,947,876
- Investment income
- $5,640
- Other revenue
- $0
- Total assets, end of year
- $11,983,609
- Total liabilities, end of year
- $6,169,267
- Net assets or fund balances, end of year
- $5,814,342
- Program services expenses (Part IX)
- $12,041,008
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 100.0% 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.
-
1e · Government grants (contributions)
$284,519
-
1f · All other contributions, gifts and grants
$2,083,879
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $5,947,876 · related or exempt $5,947,876
-
3 · Investment income
total $5,640 · excluded $5,640
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $990,897 · program services $990,897
-
9 · Other employee benefits
total $41,782 · program services $41,782
-
10 · Payroll taxes
total $67,404 · program services $67,404
-
11b · Fees: legal
total $10,441 · program services $10,441
-
11c · Fees: accounting
total $48,405 · program services $48,405
-
12 · Advertising and promotion
total $156,418 · program services $156,418
-
13 · Office expenses
total $33,023 · program services $33,023
-
17 · Travel
total $71,788 · program services $71,788
-
22 · Depreciation, depletion and amortization
total $2,198,824 · program services $2,198,824
-
23 · Insurance
total $60,888 · program services $60,888
-
24a · Other expenses: CGS-LABOR
total $3,424,402 · program services $3,424,402
-
24b · Other expenses: CGS-DESIGN SERVICES
total $2,384,737 · program services $2,384,737
-
24c · Other expenses: CGS-SUBCONTRACTORS
total $1,089,555 · program services $1,089,555
-
24d · Other expenses: CGS-MATERIALS
total $722,922 · program services $722,922
-
24e · All other expenses
total $739,522 · program services $739,522
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,788,034 · end of year $206,282
-
4 · Accounts receivable
beginning of year $1,093,765 · end of year $6,739,334
-
9 · Prepaid expenses and deferred charges
end of year $28,716
-
10a · Land, buildings and equipment: cost or other basis
$15,062,000
-
10b · Land, buildings and equipment: accumulated depreciation
$10,052,723
-
10c · Land, buildings and equipment, net
beginning of year $7,363,082 · end of year $5,009,277
-
17 · Accounts payable and accrued expenses
beginning of year $711,445 · end of year $6,169,267
-
27 · Net assets without donor restrictions
beginning of year $9,533,436 · end of year $5,814,342
Mission and programs · 2022
Mission
BRIDG ACCELERATES TECHNOLOGY COMMERCIALIZATION BY PROVIDING SOLUTIONS TO BRIDGE TECHNOLOGY AND CAPABILITY GAPS ACROSS MULTIPLE FIELDS BY LEVERAGING TECHNOLOGY CAPABILITIES, PROCESSES, AND BACKGROUND INTELLECTUAL PROPERTY, BRIDG PROVIDES OPEN-INNOVATION PLATFORMS AT THE ECONOMIES OF SCALE NEEDED FOR COST-EFFECTIVE MANUFACTURING, ALLOWING PARTNERS TO BE GLOBALLY COMPETITIVE WITH CAPABILITIES THAT ENABLE ADVANCES IN MANY INDUSTRIES INCLUDING MEDICAL, AGRICULTURAL, SPACE, DEFENSE, CYBERSECURITY, FOOD AND ENVIRONMENTAL SAFETY, AUTONOMOUS VEHICLES, AND CRITICAL INFRASTRUCTURE, BRIDG ALSO SERVES AS A CATALYST FOR ECONOMIC GROWTH AND DIVERSIFICATION AND HAS PARTNERSHIPS IN PLACE WITH EDUCATIONAL INSTITUTIONS TO INSPIRE AND STRENGTHEN OUR NATION'S STEM TALENT PIPELINE
Activities or mission (Part I)
BRIDG UNITES IDEAS WITH INDUSTRY TO ACCELERATE THE MANUFACTURING DEVELOPMENT OF EMERGING TECHNOLOGIES.
-
BRIDG PROVIDES OPEN PLATFORMS AT THE CONSORTIUM CORE ACTIVITIES. BRIDG SUCCESSFULLY COMPLETED INSTALLATION OF A CORE SET OF 200MM WAFER PROCESSING TOOLS TO ENABLE RESEARCHERS AND ELECTRONIC PRODUCT COMPANIES TO DEVELOP AND PRODUCE HIGH PERFORMANCE SYSTEMS, SENSORS, SECURITY DEVICES AND 2.5D/3D PACKAGING AND ADVANCED SYSTEM MINIATURIZATION, WHICH ALLOW BRIDG TO OFFER INDUSTRY SOLUTIONS FOR THE NEXT GENERATION ELECTRONIC SYSTEM PRODUCTION.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Clarence ThackerCLARENCE THACKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gary ObermillerGARY OBERMILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Max MirgoliMAX MIRGOLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay GalbraithJAY GALBRAITH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Brad FergusonBRAD FERGUSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donald FisherDONALD FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John AllgairJOHN ALLGAIR
EMPLOYEE
- Total calculated
- $111,890
- From this org
- $111,890
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
James VandevereJAMES VANDEVERE
EMPLOYEE
- Total calculated
- $200,799
- From this org
- $200,799
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,799
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $200,799
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
- 2022
- Filed
- 24 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202431349349301813
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