Bridges Training Foundation

“Michael Boler and Melissa Boler are married.”

“At least two board members will review the 990 before it is filed, the Treasurer being one of them.”

“The organizaton makes copies of the organizations governing documents, financials, 990 returns, etc. available to the general public upon request.”

“Gain on Extinguishment of PPP Loan i.e. PPP Loan Forgiveness Bridges received two 32,000 PPP Loans April 2020 and January 2021. Bridges qualified for SBA PPP Loan Forgiveness for both loans October 2020 and the June 2021 respectively as these funds were used to continue to pay employees and maintain facilities even while operations were shut down. As the first PPP Loan was forgiven in 2020, this income is treated as a gain on the extinguishment of the PPP Loan per FASB ASC Topic 470, Debt.”

“Continued Since the very beginning Bridges has recognized the need for individuals with disabilities to have a social outlet. The Learning Center served up to 40 families per week giving individuals opportunities to be a part of the community in which they live via volunteer opportunities, social gathering, outings into the community, etc. The foundation of our program was education, the world is our classroom and every day is filled with teachable moments. We capitalized on those moments to grow the confidence and capabilities of those we serve. Sadly, on March 13th the Learning Center was closed due to Covid. The losses for Bridges have been great and will be very difficult to overcome. Thus it is unlikely that we will restart that particular program. In the 6 years that we offered day habilitation we have touched the lives of over 500 families offered thousands of hours of support. This will leave a huge gap in services for those we served. Bridges is currently seeking ways to bring social exposure back to this very underserved community.”

“Additional Program Service Accomplishment descriptions for 4a, 4b and 4c are included for the general public in an attached pdf document due to space limitations this additional information could not be included with the e-filing of this 990 return with the IRS.”

“Unsecured Loans the 133,800 is an Economic Injury Disaster Loan EIDL Bridges procured from the Small Business Administration SBA to assist with cashflow due to the Covid-19 virus effectively shutting down operations from March to October in 2020.”