Civic Intelligence

Bridges Impact Foundation

990 • Fiscal year 2018 • EIN 81-3815673

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

21 West 46th StreetNew York, NY 10036

(212) 380-5509

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

5th percentile

-91%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

6th percentile

-67%

Faster asset growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

-18%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Flat

$140,069

Flat from 2018

Net Assets

Flat

$140,069

Flat from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Flat

$304,378

Flat from 2018

Expenses

Flat

$582,499

Flat from 2018

Net Income

Flat

-$278,121

Flat from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2016: $105,503Liabilities 2016: $0Net Assets 2016: $105,5032016Assets 2017: $418,190Liabilities 2017: $0Net Assets 2017: $418,1902017Assets 2018: $140,069Liabilities 2018: $0Net Assets 2018: $140,0692018Assets 2018: $140,069Liabilities 2018: $0Net Assets 2018: $140,0692018Assets 2019: $824,806Liabilities 2019: $1,163Net Assets 2019: $823,6432019Assets 2020: $674,593Liabilities 2020: $141,534Net Assets 2020: $533,0592020Assets 2021: $482,504Liabilities 2021: $293,658Net Assets 2021: $188,8462021Assets 2022: $773,665Liabilities 2022: $158,971Net Assets 2022: $614,6942022Assets 2023: $688,795Liabilities 2023: $142,044Net Assets 2023: $546,7512023Assets 2024: $845,884Liabilities 2024: $194,289Net Assets 2024: $651,5952024

Highlighted filing

2018

Assets$140,069
Liabilities$0
Net Assets$140,069

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2016: $124,643Expenses 2016: $19,140Net Income 2016: $105,5032016Revenue 2017: $371,050Expenses 2017: $52,502Net Income 2017: $318,5482017Revenue 2018: $304,378Expenses 2018: $582,499Net Income 2018: -$278,1212018Revenue 2018: $304,378Expenses 2018: $582,499Net Income 2018: -$278,1212018Revenue 2019: $1,166,768Expenses 2019: $483,194Net Income 2019: $683,5742019Revenue 2020: $288,144Expenses 2020: $439,243Net Income 2020: -$151,0992020Revenue 2021: $401,774Expenses 2021: $745,987Net Income 2021: -$344,2132021Revenue 2022: $1,189,557Expenses 2022: $763,709Net Income 2022: $425,8482022Revenue 2023: $846,097Expenses 2023: $914,040Net Income 2023: -$67,9432023Revenue 2024: $1,286,258Expenses 2024: $1,181,414Net Income 2024: $104,8442024

Highlighted filing

2018

Revenue$304,378
Expenses$582,499
Net Income-$278,121
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$304,378
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$418,190$140,069▼ $278,121
Total Assets$418,190$140,069▼ $278,121
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$136,683$76,648▼ $60,035
Temporarily Rstr Net Assets$281,507$63,421▼ $218,086
Total Net Assets Fund Balance$418,190$140,069▼ $278,121
Total Liabilities and Net Assets / Fund Balance$418,190$140,069▼ $278,121
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian TrelstadPresident
Michele GiddensSecretary
Brian WalshTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bridges Ventures INCProgram And Administrative Services21 WEST 46TH STREET, New York, NY 10036$393,365
Revenue and Support

Revenue Composition

Contributions and Grants
$182,708
Program Service Revenue
$121,670
Investment Income
$0
Other Revenue
$0
All Other Contributions
$182,708
Change in Net Assets
$-278,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$582,499
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$538,788$7,049-$545,837
Travel$20,244--$20,244
Conferences and Meetings$16,418--$16,418
Total Functional Expenses$575,450$7,049$0$582,499
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Company Owned by Board Members Brian Trelstad and Michele GiddensRelated 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.No$393,365
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
Bridges Impact Foundation
EIN
81-3815673
Phone
2123805509
Address
21 WEST 46TH STREET, NEW YORK, NY 10036

Signing Officer

Name
Brian Trelstad
Title
President
Phone
6466907589
Signed
2019-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Trelstad
Formed
2016
Legal Domicile
De
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
3

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Frederick Martens
Phone
2126972299
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Administrative services: program service expenses 0. Management and general expenses 7,049. Fundraising expenses 0. Total expenses 7,049. Outsourced personnel and related costs: program service expenses 373,209. Management and general expenses 0. Fundraising expenses 0. Total expenses 373,209. Program consultants: program service expenses 165,579. Management and general expenses 0. Fundraising expenses 0. Total expenses 165,579.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRIAN TRELSTAD, PRESIDENT AND MICHELE GIDDENS, SECRETARY, ARE PARTNERS AND BOARD MEMBERS OF BRIDGES FUND MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BRIDGES IMPACT FOUNDATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,049. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,049. OUTSOURCED PERSONNEL AND RELATED COSTS: PROGRAM SERVICE EXPENSES 373,209. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 373,209. PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 165,579. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 165,579.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0281507
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt063421
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0140069
IRS990/TotalAssetsGrp/BOYAmt0418190
IRS990/TotalAssetsGrp/EOYAmt0140069
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0575450
IRS990/TotalFunctionalExpensesGrp/TotalAmt0582499
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0418190
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0140069
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0575450
IRS990/TotalProgramServiceRevenueAmt0121670
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0121670
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0304378
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0418190
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0140069
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt020244
IRS990/TravelGrp/TotalAmt020244
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0136683
IRS990/UnrestrictedNetAssetsGrp/EOYAmt076648
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt021 WEST 46TH STREET
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010036
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN TRELSTAD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06466907589
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BRIDGES IMPACT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BRID
ReturnHeader/Filer/EIN0813815673
ReturnHeader/Filer/PhoneNum02123805509
ReturnHeader/Filer/USAddress/AddressLine1Txt021 WEST 46TH STREET
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010036
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0346D1650512CA940E5FAB8343674F12C8357897F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId003E3EECF7E65A1A7F99EA68D2AC92F3596A19EA3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.142.140.186
ReturnHeader/FilingSecurityInformation/IPDt02019-11-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:59:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131655065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUTZ AND CARR CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0551 FIFTH AVENUE SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010176
ReturnHeader/PreparerPersonGrp/PhoneNum02126972299
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FREDERICK MARTENS
ReturnHeader/ReturnTs02019-11-11T15:00:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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