2021-03-22T15:56:17-05:00 2019-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2019-01-01 813815673 BRIDGES IMPACT FOUNDATION BRID 2123805509 21 WEST 46TH STREET NEW YORK NY 10036 BRIAN TRELSTAD PRESIDENT 6466907589 2021-03-19 1 FREDERICK MARTENS P00298107 2126972299 2019 2022-09-23 18:48:47Z X BRIAN TRELSTAD 21 WEST 46TH STREET NEW YORK NY 10036 1180100 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 2 4 0 0 182708 1033738 121670 146352 0 10 0 0 304378 1180100 0 0 0 0 0 248892 0 0 2409 582499 246005 582499 494897 -278121 685203 140069 824806 0 57018 140069 767788 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 462799 146352 THE MAIN PROGRAM OF THE BRIDGES IMPACT FOUNDATION IN THE UNITED STATES IS THE IMPACT MANAGEMENT PROJECT (IMP), A GLOBAL COALITION OF STANDARD SETTING ORGANIZATION THAT IS SEEKING HARMONIZATION OF THE REPORTING AND MANAGEMENT OF IMPACT. IN 2019, THE IMP CONTINUED TO CONSULT WITH STANDARD SETTING ORGANIZATIONS (E.G. THE GIIN, THE GRI, THE PRI, SASB) AND INVESTORS TO UNDERSTAND HOW THEY APPROACH MEASURING AND MANAGING IMPACT INFORMATION. A CLOSELY RELATED PROJECT TO THE IMP IS THE EFFICIENT FRONTIERS PROJECT (EFP), WHICH IS LED BY THE BIF, AND HELPS IMPACT INVESTORS MANAGE AND UNDERSTAND THE IMPACT OF DIVERSE PORTFOLIOS OF ASSETS. IN 2019, THE EFP COMPLETED A CONSULTATION WITH A GROUP OF OVER 10 INSTITUTIONAL INVESTORS, CULMINATING IN THE PUBLICATION OF A REPORT ON THE APPROACH TO MAPPING OUT AN "EFFICIENT FRONTIER" OF IMPACT INVESTING ASSETS.THE 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 2019, THE PROGRAM CULMINATED ITS 8TH YEAR WITH 29 SCHOOLS COMPETING IN FINALS AT WHARTON, AND KICKED OFF ITS 9TH YEAR WITH 32 TOP BUSINESS AND POLICY PROGRAMS FROM AROUND THE WORLD. 462799 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 3 0 2 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 - MIINT 40.00 X 123750 0 1650 123750 0 1650 1 0 0 0 0 1033738 1033738 PROGRAM SERVICE FEES 541900 146352 146352 146352 10 10 1180100 146352 0 10 X 234132 224497 7226 2409 2640 2640 12120 12120 18332 16727 1605 8814 8814 140833 132717 8116 2781 868 1913 18743 16743 2000 32049 32049 17086 17086 30 15 15 OTHER EXPENSES 7337 7337 494897 462799 29689 2409 140069 606701 5000 191250 19750 2135 30 0 2105 140069 824806 1163 0 55855 0 57018 X 76648 318637 63421 449151 140069 767788 140069 824806 685203 -57484 0 X 0 1 X 0 0 X 41625 250000 182708 1033738 1508071 41625 250000 182708 1033738 1508071 919086 588985 10 10 1508081 472090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 2135 30 2105 0 2105 INTERCOMPANY PAYABLE 55855 55855 1180100 0 1180100 0 1180100 494897 0 494897 0 494897 BRIDGES VENTURES INC COMPANY OWNED BY BOARD MEMBERS BRIAN TRELSTAD AND MICHELE GIDDENS 71006 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 132,717. MANAGEMENT AND GENERAL EXPENSES 8,116. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 140,833. AMENDED RETURN THE FOLLOWING INFORMATION IN THIS 2019 FORM 990 FOR THE YEAR ENDED DECEMBER 31, 2019 HAS BEEN REVISED BASED ON THE COMPLETION OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS: PAGE 1 LINE G PART I LINE 9, 12, 15, 17, 18, 19, 21 & 22. PART III LINE 4A-REVENUE AND EXPENSES PART III LINE 4E PART IV LINE 11E, 12A PART VIII LINE 2A,2G AND 12 PART IX LINE 7, 11G, 13, 17, 19, 24A, 25 PAGE X LINE 25, 26, 27, 28, 32, 33 PART XI LINES 1-4, 8 & 10 PART XII LINE 2B SCHEDULE A PART II SECTION B LINE 12 SCHEDULE D PART X, XI & XII SCHEDULE L PART IV (C)