2018-11-12T14:39:07-06:00 2017-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2017-01-01 813815673 BRIDGES IMPACT FOUNDATION BRID 6466907589 505 EIGHTH AVENUE NO 1805 NEW YORK NY 10018 BRIAN TRELSTAD PRESIDENT 6466907589 2018-11-07 1 FREDERICK MARTENS P00298107 2126972299 38.142.140.186 2018-11-07 15:37:50 ES P 6739915D08DDCFCBAFB524ACA5805663362F187E 03E3EECF7E65A1A7F99EA68D2AC92F3596A19EA3 2017 2019-02-21 02:37:17Z BRIAN TRELSTAD 505 EIGHTH AVENUE NO 1805 NEW YORK NY 10018 371050 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. 3 3 0 3 0 0 41625 250000 83018 121050 0 0 0 0 124643 371050 0 0 0 0 0 0 0 0 0 19140 52502 19140 52502 105503 318548 105503 418190 0 0 105503 418190 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 4458 121050 IMPACT CAPITAL MANAGERS (ICM) NETWORK OF IMPACT INVESTORS THAT ARE SEEKING TO GENERATE MARKET-RATE FINANCIAL RATE RETURNS ALONGSIDE IMPACT. IN 2017 THE ICM HOSTED TWO MEETINGS WITH OVER 30 FUND MANAGERS REPRESENTED AT EACH, MANAGING OVER $5B IN IMPACT-FOCUSED CAPITAL. THESE MEETINGS ADDRESSED IMPROVING THE SECTOR'S ABILITY TO RAISE FUNDS THROUGH CLARIFYING FINANCIAL AND IMPACT BENCHMARKS, IMPROVING INVESTMENTS AND OPERATIONS BY SHARING DEAL-FLOW AND CO-INVESTMENT OPPORTUNITIES, AND CHARTING A PATH TO FORMALLY ESTABLISH IMPACT CAPITAL MANAGERS BY DEFINING GOVERNANCE AND MEMBERSHIP CRITERIA. THESE MEETINGS SET THE GROUNDWORK FOR THE IMPACT CAPITAL MANAGERS' OFFICIAL LAUNCH IN 2018. THE MBA IMPACT INVESTING NETWORK & TRAINING (MIINT) IS AN EXPERIENTIAL LAB DESIGNED TO GIVE STUDENTS AT BUSINESS AND GRADUATE SCHOOLS A HANDS-ON EDUCATION IN IMPACT INVESTING. IN 2017 THE MIINT PROGRAM ENROLLED OVER 500 STUDENTS FROM 25 GLOBAL BUSINESS SCHOOLS FOR A HANDS-ON ONLINE EDUCATION PROGRAM. THESE STUDENTS HAD THE OPPORTUNITY TO CONDUCT ACTUAL SOURCING AND DILIGENCE ON COMPANIES IN ORDER TO EARN A SPOT AT THE FINAL COMPETITION WHERE 150 STUDENTS FROM EACH OF THE SCHOOLS' TEAMS PRESENTED THEIR WORK FOR A CHANCE TO WIN AN INVESTMENT FOR THEIR COMPANY. IN ADDITION, THESE STUDENTS ALSO HAD THE OPPORTUNITY TO HAVE COFFEE CHATS, OR INFORMAL INTERVIEWS, WITH MIINT PROGRAM JUDGES. THESE MEETINGS ALLOWED STUDENTS TO LEARN MORE ABOUT THE WORK BEING DONE AT THE JUDGES' COMPANIES AS WELL AS OFFERED THEM AN INVALUABLE NETWORKING OPPORTUNITY. 50 STUDENTS ALSO HAD THE OPPORTUNITY TO PARTICIPATE IN A CAREER TREK TO LONDON, NEW YORK CITY, OR SAN FRANCISCO, WHERE THEY SPENT THE DAY MEETING WITH PROFESSIONALS IN THE IMPACT INVESTING SPACE. IMPACT MANAGEMENT PROJECT (IMP) IS A IS A NETWORK OF LEADING ORGANIZATIONS WORKING TOGETHER TO MAINSTREAM IMPACT MEASUREMENT AND MANAGEMENT. IN 2017 THE IMPACT MANAGEMENT PROJECT SPENT TIME CREATING EXTREMELY USEFUL RESOURCES FOR THE IMPACT COMMUNITY. THESE DOCUMENTS, AVAILABLE TO THE PUBLIC, PRESENT ON EMERGING CONSENSUS FOR IMPACT MANAGEMENT AND GOALS, CASE STUDIES IN YOUTH EMPLOYMENT AND OFF-GRID ENERGY, PERSPECTIVES FROM LOCAL MARKETS, CONSTRUCTING A PORTFOLIO, AND AN IMPACT MANAGEMENT GLOSSARY. 4458 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 X 3 3 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 2127846030 505 EIGHTH AVENUE SUITE 1805 NEW YORK NY 10018 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 0 0 0 0 0 0 0 0 250000 250000 PROGRAM SERVICE FEES 900099 121050 121050 121050 371050 121050 0 0 X 20293 20293 26935 4340 22595 3320 3320 301 301 OTHER EXPENSES 1653 118 1535 52502 4458 48044 0 105503 418190 105503 418190 0 0 X 73878 136683 31625 281507 105503 418190 105503 418190 318548 -5861 0 X 1 X 0 0 0 X 41625 250000 291625 41625 250000 291625 268293 23332 291625 204068 X 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 PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,560. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,560. PRODUCTION COSTS: PROGRAM SERVICE EXPENSES 4,340. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,340. EVENT HOSTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,535. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,535. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,500.