2021-11-08T16:27:19-06:00 2020-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2020-01-01 813815673 BRIDGES IMPACT FOUNDATION BRID 2123805509 21 WEST 46TH STREET NEW YORK NY 10036 BRIAN TRELSTAD PRESIDENT 6466907589 2021-11-06 1 BRIAN TRELSTAD 999009999 FREDERICK MARTENS P00298107 2126972299 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRIAN TRELSTAD 21 WEST 46TH STREET NEW YORK NY 10036 288144 0 X N/A X 2016 DE 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. 4 2 3 39 0 0 1033738 140000 133020 147783 10 1 0 360 1166768 288144 0 0 0 0 188394 300137 0 0 20548 294800 139106 483194 439243 683574 -151099 824806 674593 57018 141534 767788 533059 X 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. 0 0 372935 147783 IN 2020, THE BRIDGES IMPACT FOUNDATION CONTINUED TO SPONSOR THREE PROGRAMS: THE IMPACT MANAGEMENT PROJECT (IMP); IMPACT FRONTIERS; AND THE MBA IMPACT INVESTMENT NETWORK AND TRAINING (THE TURNER MIINT). THE IMP CONTINUED TO FACILITATE THE IMP STRUCTURED NETWORK, AN UNPRECEDENTED COLLABORATION OF ORGANIZATIONS THAT, THROUGH THEIR SPECIFIC AND COMPLEMENTARY EXPERTISE, ARE COORDINATING EFFORTS TO PROVIDE COMPLETE STANDARDS FOR IMPACT MEASUREMENT, MANAGEMENT AND REPORTING FOR BUSINESSES AND INVESTORS.IN 2020, IMPACT FRONTIERS CONCLUDED THE INAUGURAL COHORT OF INVESTORS IN ITS CAPACITY-BUILDING PROGRAM, AND PUBLISHED AN OPEN-ACCESS ARTICLE AND METHODOLOGICAL HANDBOOK DISSEMINATING LEARNINGS FOR THE BENEFIT OF INVESTORS MORE GENERALLY, AND PREPARED THE LAUNCH OF ITS GROWTH STRATEGY FOR IMPLEMENTATION IN 2021.THE NEWLY RENAMED 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 2020, THE PROGRAM CULMINATED ITS 9TH YEAR WITH 38 TOP BUSINESS AND POLICY PROGRAMS FROM AROUND THE WORLD COMPETING IN A FULLY VIRTUAL GLOBAL FINALS. THE VIRTUAL FORMAT ALLOWED JUDGES FROM MULTIPLE REGIONS AND COUNTRIES TO PARTICIPATE. 372935 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 NY X BRIDGES FUND MANAGEMENT 2123805509 21 WEST 46TH STREET NEW YORK NY 10036 X BRIAN TRELSTAD PRESIDENT 10.00 X X 0 0 0 MICHELE GIDDENS SECRETARY 1.00 X X 0 0 0 BRIAN WALSH TREASURER 2.00 X X 0 0 0 TASHA SEITZ BOARD MEMBER 2.00 X 0 0 0 MICHAEL MCCRELESS PROGRAM MANAGER - IMPACT FRONTIER 40.00 X 165000 0 6600 165000 0 6600 1 0 1 0 0 140000 140000 PROGRAM SERVICE FEES 541900 147783 147783 147783 1 1 OTHER INCOME 900099 360 360 360 288144 147783 0 361 X 262557 245519 8519 8519 9048 8460 294 294 10016 9366 325 325 18516 17314 601 601 105 105 15236 15236 99778 75625 13344 10809 8962 2789 6173 2885 2190 695 3959 3959 2609 2609 468 468 OTHER EXPENSES 5104 5104 439243 372935 45760 20548 606701 666375 5000 5000 191250 19750 1581 2135 498 2105 1637 824806 674593 1163 1178 85537 55855 54819 57018 141534 X 318637 220430 449151 312629 767788 533059 824806 674593 X -151099 -83630 X 1 X 0 0 0 X 41625 250000 182708 1033738 140000 1648071 41625 250000 182708 1033738 140000 1648071 946635 701436 10 1 11 360 360 1648442 619873 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2135 498 1637 0 1637 INTERCOMPANY PAYABLES TO BRIDGES VENTURES, INC 54819 54819 0 0 0 0 0 0 0 0 0 MICHAEL MCCRELESS PROGRAM MANAGER - IMPACT FRONTIER 165000 0 0 0 0 0 6600 0 0 0 171600 0 0 0 BRIDGES VENTURES INC COMPANY OWNED BY BOARD MEMBERS BRIAN TRELSTAD AND MICHELE GIDDENS 47009 RELATED TRANSACTIONS TO BRIDGES VENTURES INC, WHICH IS A WHOLLY OWNED SUBSIDIARY OF BRIDGES FUND MANAGEMENT, OF WHICH BOTH BRIAN TRELSTAD AND MICHELE GIDDENS ARE PART-OWNERS AND BOARD MEMBERS. ALL TRANSACTIONS BETWEEN THE BRIDGES IMPACT FOUNDATION AND BRIDGES VENTURES INC ARE MEMORIALIZED IN A SERVICE AGREEMENT AND ALL SERVICES ARE RENDERED AND DIRECT COSTS REIMBURSED AT COST. 0 FORM 990, PART VI, SECTION A, LINE 2 BRIAN TRELSTAD, PRESIDENT AND MICHELE GIDDENS, SECRETARY, ARE PARTNERS AND BOARD MEMBERS OF BRIDGES FUND MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 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 12C THE 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 C, LINE 19 BRIDGES IMPACT FOUNDATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROGRAM CONSULTANTS AND OTHER FEES: PROGRAM SERVICE EXPENSES 54,008. MANAGEMENT AND GENERAL EXPENSES 2,535. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,543. MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 21,617. MANAGEMENT AND GENERAL EXPENSES 10,809. FUNDRAISING EXPENSES 10,809. TOTAL EXPENSES 43,235. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE -83,630.