BETA

BRIDGES IMPACT FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BRIDGES IMPACT FOUNDATION (EIN 81-3815673)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-11
IRS object ID
202423169349303772
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-11T12:51:56-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN131655065PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LUTZ AND CARR CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1551 FIFTH AVENUE SUITE 400AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10176ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN813815673EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRIDGES IMPACT FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBRIDBusinessNameControlTxt
Phone2123805509PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1125 HIGH STREET 220AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL MCCRELESSPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6466907589PhoneNum
Signature2024-11-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFREDERICK MARTENSPreparerPersonNm
PTINP00298107PTIN
Phone2126972299PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHAEL MCCRELESSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1125 HIGH STREET 220AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$846,097GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2016FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTO 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.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee6TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$530,044PYContributionsGrantsAmt
CY Contributions Grants$455,000CYContributionsGrantsAmt
PY Program Service Revenue$659,513PYProgramServiceRevenueAmt
CY Program Service Revenue$379,885CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$11,212CYOtherRevenueAmt
PY Total Revenue$1,189,557PYTotalRevenueAmt
CY Total Revenue$846,097CYTotalRevenueAmt
PY Grants And Similar Paid$1,100PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$528,206PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$693,821CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$49,441CYTotalFundraisingExpenseAmt
PY Other Expenses$234,403PYOtherExpensesAmt
CY Other Expenses$219,219CYOtherExpensesAmt
PY Total Expenses$763,709PYTotalExpensesAmt
CY Total Expenses$914,040CYTotalExpensesAmt
PY Revenues Less Expenses$425,848PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$67,943CYRevenuesLessExpensesAmt
Total Assets BOY$773,665TotalAssetsBOYAmt
Total Assets EOY$688,795TotalAssetsEOYAmt
Total Liabilities BOY$158,971TotalLiabilitiesBOYAmt
Total Liabilities EOY$142,044TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$614,694NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$546,751NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$719,154ExpenseAmt
Grant$1,000GrantAmt
Revenue$379,885RevenueAmt
DescIN 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.Desc
Total Program Service Expenses$719,154TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document7IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee6EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2123805509PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1125 HIGH STREET 220AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
BRIAN TRELSTAD
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
MICHELE GIDDENS
SECRETARY1.00Yes (X)Yes (X)$0$0$0
BRIAN WALSH
TREASURER1.00Yes (X)Yes (X)$0$0$0
PETER BERNARD
BOARD MEMBER1.00Yes (X)Yes (X)$0$0$0
EDUARDO MEDEIROS
BOARD MEMBER1.00Yes (X)$0$0$0
TASHA SEITZ
BOARD MEMBER1.00Yes (X)$0$0$0
MICHAEL MCCRELESS
EXECUTIVE DIRECTOR40.00Yes (X)$170,981$0$6,839
ADWOA ASARE
PROGRAM DIRECTOR40.00$125,745$0$15,440Yes (X)
NAO SUDO
DIRECTOR40.00$115,450$0$4,618Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$412,176TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$26,897TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$455,000AllOtherContributionsAmt
Total Contributions$455,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM SERVICE FEESDesc
Business541900BusinessCd
Total Revenue Column$379,885TotalRevenueColumnAmt
Related Or Exempt Func Income$379,885RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$379,885TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$11,212TotalRevenueColumnAmt
Exclusion$11,212ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$11,212OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$846,097TotalRevenueColumnAmt
Related Or Exempt Func Income$379,885RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$11,212ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,000TotalAmt
Program Services$1,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$177,820TotalAmt
Program Services$142,256ProgramServicesAmt
Management And General$17,782ManagementAndGeneralAmt
Fundraising$17,782FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$427,741TotalAmt
Program Services$354,965ProgramServicesAmt
Management And General$47,209ManagementAndGeneralAmt
Fundraising$25,567FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$17,261TotalAmt
Program Services$14,323ProgramServicesAmt
Management And General$1,905ManagementAndGeneralAmt
Fundraising$1,033FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$25,878TotalAmt
Program Services$21,254ProgramServicesAmt
Management And General$2,780ManagementAndGeneralAmt
Fundraising$1,844FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$45,121TotalAmt
Program Services$37,060ProgramServicesAmt
Management And General$4,846ManagementAndGeneralAmt
Fundraising$3,215FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$36,729TotalAmt
Management And General$36,729ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$104,541TotalAmt
Program Services$102,875ProgramServicesAmt
Management And General$1,666ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$36,689TotalAmt
Program Services$18,122ProgramServicesAmt
Management And General$18,567ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$9,229TotalAmt
Management And General$9,229ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$25,003TotalAmt
Program Services$25,003ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,296TotalAmt
Program Services$2,296ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,189TotalAmt
Management And General$4,189ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescOTHER EXPENSESDesc
Total$543TotalAmt
Management And General$543ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$914,040TotalAmt
Program Services$719,154ProgramServicesAmt
Management And General$145,445ManagementAndGeneralAmt
Fundraising$49,441FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$466,568BOYAmt
EOY$624,915EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$83,178BOYAmt
EOY$5,000EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$200,044BOYAmt
EOY$30,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$10,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,203BOYAmt
EOY$1,198EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$23,938LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$6,256LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$20,672BOYAmt
EOY$17,682EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$773,665BOYAmt
EOY$688,795EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$16,041BOYAmt
EOY$24,961EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$142,930BOYAmt
EOY$117,083EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$158,971BOYAmt
EOY$142,044EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$464,694BOYAmt
EOY$266,751EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$150,000BOYAmt
EOY$280,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$614,694BOYAmt
EOY$546,751EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$773,665BOYAmt
EOY$688,795EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$67,943ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,033,738CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$140,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$55,663CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$530,044CurrentTaxYearMinus1YearAmt
Current Tax Year$455,000CurrentTaxYearAmt
Total$2,214,445TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,033,738CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$140,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$55,663CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$530,044CurrentTaxYearMinus1YearAmt
Current Tax Year$455,000CurrentTaxYearAmt
Total$2,214,445TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,107,940SubstantialContributorsTotAmt
Public Support Total170$1,106,505PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1CurrentTaxYearMinus3YearsAmt
Total$11TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$360CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$150CurrentTaxYearMinus2YearsAmt
Current Tax Year$11,212CurrentTaxYearAmt
Total$11,722TotalAmt
FieldValueIRS element (for citing)
Total Support$2,226,178TotalSupportAmt
Gross Receipts Rltd Activities$1,679,494GrossReceiptsRltdActivitiesAmt
Public Support CY1700.49700PublicSupportCY170Pct
Public Support PY1700.51270PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,588OtherCostOrOtherBasisAmt
Depreciation$3,364DepreciationAmt
Book Value$3,224BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$17,350OtherCostOrOtherBasisAmt
Depreciation$2,892DepreciationAmt
Book Value$14,458BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$17,682TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$846,097TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$846,097RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$846,097TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$914,040TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$914,040ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$914,040TotalExpensesPerForm990Amt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMICHAEL MCCRELESSPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$170,981BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$6,839DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$177,820TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2BRIAN TRELSTAD, PRESIDENT AND MICHELE GIDDENS, SECRETARY, ARE PARTNERS AND BOARD MEMBERS OF BRIDGES FUND MANAGEMENT.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS, IS REVIEWED BY THE PRESIDENT, AND THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO THE CORPORATION'S DIRECTORS, OFFICERS, AND KEY EMPLOYEES ("COVERED PERSONS"). EACH COVERED PERSON IS REQUIRED TO ACKNOWLEDGE, NOT LESS THAN ANNUALLY, THAT HE OR SHE HAS READ AND IS IN COMPLIANCE WITH THE POLICY. WHEN A COVERED PERSON BECOMES AWARE OF A PROPOSED COVERED TRANSACTION, HE OR SHE HAS A DUTY TO TAKE THE FOLLOWING ACTIONS: (A) IMMEDIATELY DISCLOSE THE EXISTENCE AND CIRCUMSTANCES OF SUCH COVERED TRANSACTION IN WRITING, EITHER TO THE CORPORATION'S BOARD OF DIRECTORS (THE "BOARD") OR ANY AUTHORIZED COMMITTEE THEREOF; (B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE CORPORATION TO ENTER INTO THE COVERED TRANSACTION; AND (C) PHYSICALLY EXCUSE HIMSELF OR HERSELF FROM PARTICIPATION IN ANY DISCUSSIONS REGARDING THE COVERED TRANSACTION WITH DIRECTORS, OFFICERS, AND EMPLOYEES OF THE CORPORATION AND AT MEETINGS OF THE BOARD OR AUTHORIZED COMMITTEE THEREOF, EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION ABOUT THE COVERED TRANSACTION. IN ORDER TO ASSIST THE CORPORATION IN IDENTIFYING POTENTIAL COVERED TRANSACTIONS, EACH COVERED PERSON IS REQUIRED TO ANNUALLY COMPLETE A DISCLOSURE STATEMENT, AND TO UPDATE SUCH STATEMENT AS NECESSARY TO REFLECT CHANGES DURING THE COURSE OF THE YEAR. COMPLETED DISCLOSURE STATEMENTS ARE AVAILABLE FOR INSPECTION BY ANY MEMBER OF THE BOARD AND MAY BE REVIEWED BY THE CORPORATION'S LEGAL COUNSEL. THE BOARD IS RESPONSIBLE FOR THE FOLLOWING: (A) REVIEWING DISCLOSURE STATEMENTS OR REPORTS REGARDING SAME; (B) RECEIVING DISCLOSURES OF PROPOSED COVERED TRANSACTIONS; (C) REVIEWING PROPOSED COVERED TRANSACTIONS TO DETERMINE WHETHER THEY MEET THE STANDARD FOR APPROVAL OF COVERED TRANSACTIONS; AND (D) KEEPING, OR CAUSING TO BE KEPT, MINUTES AND SUCH OTHER DOCUMENTATION AS MAY BE NECESSARY AND APPROPRIATE TO DOCUMENT THE REVIEW OF COVERED TRANSACTIONS.
FORM 990, PART VI, SECTION B, LINE 15ATHE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND THE UPWARD FEEDBACK ARE REVIEWED ANNUALLY BY THE BOARD. THE COMPENSATION IS APPROVED BY THE BOARD. THE ONLY SALARY INCREASE FOR THE EXECUTIVE DIRECTOR TO DATE HAS BEEN DIRECTLY TIED TO THE COST OF LIVING ADJUSTMENT SET BY THE SOCIAL SECURITY ADMINISTRATION.
FORM 990, PART VI, SECTION C, LINE 19BRIDGES IMPACT FOUNDATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GPROGRAM CONSULTANTS AND OTHER FEES: PROGRAM SERVICE EXPENSES 102,875. MANAGEMENT AND GENERAL EXPENSES 1,666. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 104,541.

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