Building Bridges Across the River Inc

“W. Christopher smith (chairman and the co-founder of building bridges) and w. Thomas "skip" mcmahon (board member and co-founder of building bridges) have a business relationship. W. Thomas "skip" mcmahon and dorea mcmahon (board vice-chair) have a family relationship.”

“The form 990 was prepared by the outside accountants and reviewed by the treasurer, the chairman and the president. Copies of form 990 were also provided to the full board before it was filed with the irs.”

“Unless specifically authorized by the board of directors, building bridges and its subsidiaries and affiliates will not do business with any firm or entity owned or controlled by any member of the board of directors or any officer or any member of the immediate family of any director or officer, or any firm or entity, in which any such person has a substantial financial interest. Each director and officer promptly notifies the chairperson of the board upon becoming aware that the agency does business, or is considering doing business with a firm or business in which a director or officer has a significant interest. All contracts or purchases of more than $50,000 are disclosed to the board prior to execution. Board members and officers disclose any significant interest in any firm or business with which the agency is considering doing business. The member or members with the conflict of interest must abstain from voting on this contract. The policy is published in the employee manual and disclosed to all new employees.”

“A budget is done in the fall for all employee salaries & benefits which is approved by the board of directors. For the president, a meeting was held in march 2023 between the president and a board member. Compensation was determined using comparable salary levels, this was documented through a payroll action.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“During 2022, william t. "skip" mcmahon received compensation from bbar for consulting services unrelated to his services as a board member.”

“Production costs: program service expenses 0. Management and general expenses 37,083. Fundraising expenses 0. Total expenses 37,083. Other prof. Fees: program service expenses 222,081. Management and general expenses 75,261. Fundraising expenses 744,694. Total expenses 1,042,036. Design: program service expenses 22,487. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,487.”

“Unrealized gain on interest rate swap -121,151.”