Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
Bridgetown Ventures
990EZ • Fiscal year 2023 • EIN 82-4117251
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.00x
Liabilities / Revenue
68th percentile
Higher debt load relative to revenue than 68% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
3rd percentile
Faster asset growth than 3% of similar nonprofits.
Revenue Growth
22nd percentile
Faster revenue growth than 22% of similar nonprofits.
Balance Sheet
Assets
Down$1,791
Down $220,972 (-99%) from 2022
Net Assets
Down$1,791
Down $220,972 (-99%) from 2022
Liabilities
Up$1,791
Up $1,791 from 2022
Revenue And Expenses
Revenue
Down$160,793
Down $49,344 (-23%) from 2022
Expenses
Up$284,036
Up $78,827 (+38%) from 2022
Net Income
Down-$123,243
Down $128,171 (-2601%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- Apr 1, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $160,793
Mission and Program Overview
Mission
To bring people to faith in Jesus and lift communities out of poverty. Bridgetown uses an asset based community development approach to identify solutions to problems facing urban neighborhoods. Sista2Sista is a program of Bridgetown Ventures for women escaping prostitution and addiction.
To bring people to faith in Jesus and lift communities out of poverty. Bridgetown Ventures uses an asset based community development approach to identify solutions to problems facing urban neighborhoods.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Helping women out of prostitution and addiction. | $55,000 | $71,899 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| John Nelson | Chairman | - | $0 | - | - |
| Rebecca Lyle | Secretary | - | $0 | - | - |
| Mary Abram | Director | - | $0 | - | - |
| Lacey Craig | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Bridgetown Ventures
- EIN
- 82-4117251
- Address
- PO BOX 22115, MEMPHIS, TN 38122-0115
Signing Officer
- Name
- Nathan Cook
- Title
- Executive Director
- Signed
- 2024-04-01
Supplemental Narrative
Additional Explanations
Part I, Line 10
“Class of Activity: Support for women out of prostitution and addiction through street outreach, drop-in center, and transitional housing. Grantee's Name and Address: Sista2Sista, 3238 Yale Ave, Memphis, TN 38112 Amount Given: $129,666 (Cash: $32,100 and House: $98,666) Relationship of the Grantee: Not applicable, as the grantee is an organization and not an individual.”
Part I, Line 16
“Bank Charges & Fees $645 Online Donation Fees $1,754 Payroll Fees $168 Insurance $1,589 Program Expenses $10,701 Software Subscriptions $2,688 Staff Development $1,057 Supplies & Materials $449 Taxes & Licenses $1,871 Travel & Meals $449”
Part I, Line 8
“Book sales - $43”
Part II, Line 26
“$1791 to be distributed to Sista2Sista as a liability of our organization.”
Raw XML Appendix168 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Nathan Cook |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9018283370 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3086 Princeton Ave |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Memphis |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 38112 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 26368 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 1791 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 160750 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -123243 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6950 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 125034 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 1791 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 130766 |
| IRS990EZ/GrossReceiptsAmt | 0 | 160793 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 98666 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 125034 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 1791 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 125034 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 2721 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | John Nelson |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Rebecca Lyle |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Mary Abram |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Lacey Craig |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Chairman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Treasurer |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherEmployeePaidOver100kCnt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 21371 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 43 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | To bring people to faith in Jesus and lift communities out of poverty. Bridgetown Ventures uses an asset based community development approach to identify solutions to problems facing urban neighborhoods. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 274 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Helping women out of prostitution and addiction. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 55000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 71899 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 121954 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1791 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 284036 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 71899 |
| IRS990EZ/TotalRevenueAmt | 0 | 160793 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 160750 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 180242 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 180781 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 67934 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 58715 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 648422 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 648422 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 160750 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 180242 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 180781 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 67934 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 58715 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 648422 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 160750 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 180242 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 180781 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 67934 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 58715 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 648422 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Class of Activity: Support for women out of prostitution and addiction through street outreach, drop-in center, and transitional housing. Grantee's Name and Address: Sista2Sista, 3238 Yale Ave, Memphis, TN 38112 Amount Given: $129,666 (Cash: $32,100 and House: $98,666) Relationship of the Grantee: Not applicable, as the grantee is an organization and not an individual. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Bank Charges & Fees $645 Online Donation Fees $1,754 Payroll Fees $168 Insurance $1,589 Program Expenses $10,701 Software Subscriptions $2,688 Staff Development $1,057 Supplies & Materials $449 Taxes & Licenses $1,871 Travel & Meals $449 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Book sales - $43 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | $1791 to be distributed to Sista2Sista as a liability of our organization. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, Line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part I, Line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part II, Line 26 |
| ReasonableCauseExplanation/ExplanationTxt | 0 | Bridgetown Ventures (the organization) has not had any employees since 12/31/22, and has not had a board meeting since November 2022 when it was decided that the majority of the assets of the organization would be transferred to a newly formed nonprofit called Sista2Sista (EIN: 88-4140514). The PO BOX that received official notifications for the organization also was not renewed. I received a certificate of administrative dissolution from the Attorney General State of Tennessee to my home address on 2/16/24 for failure to file an annual report. The letter from the state served as a reminder that the final 990 for the organization had never been filed. Since the organization still had a balance of $1791 at the end of its fiscal year (6/30/23), it is my understanding that this 990 cannot be the final 990 filed, yet it shows the majority of the assets of the organization have been distributed to Sista2Sista including a house valued at $98,666 and $32,100 in cash. Since the organization was involuntarily dissolved by the state of Tennessee on 2/16/24, the organization will file a final 990 for the July 2023-June 2024 fiscal year. The organization requests that fines for a late fee be abated since the organization has been involuntarily dissolved by the state of Tennessee. If a fine is assessed, the organization has $707 available to pay it. If an abatement is provided by the IRS, and a fine is not assessed, the balance of the account will be paid to Sista2Sista and all accounts will be closed. A final 990 will be filed by Nov 15, 2024 due to organizational dissolution, showing the balance of the accounts have been distributed to another nonprofit (Sista2Sista). Thank you for your consideration. |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Nathan Cook |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Director |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-04-01 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BRIDGETOWN VENTURES |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BRID |
| ReturnHeader/Filer/EIN | 0 | 824117251 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 22115 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MEMPHIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 381220115 |
| ReturnHeader/ReturnTs | 0 | 2024-04-01T23:26:40Z |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $1,791
- Liabilities
- $1,791
- Net assets
- $1,791
- Revenue
- $160,793
- Expenses
- $284,036
- Net income
- -$123,243