Civic Intelligence

Bridge 24 Inc Formerly Iimbewu Foundation Inc

990 • Fiscal year 2023 • EIN 92-1304351

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 11, 2024

5408 Sapony Creek DriveNashville, NC 27856

(919) 523-9230

Siviq Scores

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

Liabilities / Assets

99th percentile

9.22x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • NTEE P99 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

2023 filings • NTEE P99 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$100

No earlier filing loaded for comparison.

Net Assets

-$822

No earlier filing loaded for comparison.

Liabilities

$922

No earlier filing loaded for comparison.

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$822

No earlier filing loaded for comparison.

Net Income

-$822

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2023: $100Liabilities 2023: $922Net Assets 2023: -$8222023Assets 2024: $127,615Liabilities 2024: $1,447Net Assets 2024: $126,1682024Assets 2025: $131,161Liabilities 2025: $1,447Net Assets 2025: $129,7142025

Highlighted filing

2023

Assets$100
Liabilities$922
Net Assets-$822

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2023: $0Expenses 2023: $822Net Income 2023: -$8222023Revenue 2024: $130,500Expenses 2024: $3,510Net Income 2024: $126,9902024Revenue 2025: $24,679Expenses 2025: $21,133Net Income 2025: $3,5462025

Highlighted filing

2023

Revenue$0
Expenses$822
Net Income-$822
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 11, 2024
Return Version
2023v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Bridge 24, inc is organized to provide hope and purpose through business solutions. Bridge 24 will connect people and opportunities by providing necessary support to businesses in america while uplifting people in africa through professional services, networking, cultural exchange programs and skills development opportunities. We desire to create economic upliftment through opening opportunities to families who would otherwise not have access to them, and by serving businesses that need support.

The iimbewu foundation, inc is organized for the creation of opportunities in the united states of america for workers in areas of africa, particularly south africa, who have the necessary skills for employment but do not have employment opportunities. By connecting these people with opportunities in the us and assisting them with the costs of traveling, etc iimbewu foundation, inc. Can assist with improving the quality of life for those in impoverished and economically depleted areas. The iimbewu foundation desires to uplift people in africa & america based on the principle of gleaning while providing the necessary labor services to the local business community, "gleaning is the act of collecting leftover crops from farmers' fields after they have been commercially harvested or on fields where it is not economically profitable to harvest" we desire to make markets available to families who would otherwise not have access to those markets by creating a bridge between africa and the uni

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$100-
Total Assets$0$100▲ $100
Liabilities
Other Liabilities-$922-
Total Liabilities$0$922▲ $922
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$-822-
Total Net Assets Fund Balance$0$-822▼ $822
Total Liabilities and Net Assets / Fund Balance$0$100▲ $100
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anthony HowellPresident
Joshua HallDirector
William SearcyDirector
Cheryl HowellSecretary
Edwin SibuthaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$822
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 Accounting$575--$575
Advertising$149--$149
Other Expenses$98--$98
Total Functional Expenses$822$0$0$822
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Founders Loan$922
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Iimbewu Foundation Inc
EIN
92-1304351
Phone
9195239230
Address
5408 SAPONY CREEK DRIVE, NASHVILLE, NC 27856

Signing Officer

Name
Anthony Howell
Title
President
Phone
9195239230
Signed
2024-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Howell
Formed
2023
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Overman & Parks Cpas Pa
Address
110 ROUNDABOUT CT, ROCKY MOUNT, NC 27804
Preparer
Rebecca a Parks Cpapfs
Phone
2524433124
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The iimbewu foundation, inc is organized for the creation of opportunities in the united states of america for workers in areas of africa, particularly south africa, who have the necessary skills for employment but do not have employment opportunities. By connecting these people with opportunities in the us and assisting them with the costs of traveling, etc iimbewu foundation, inc. Can assist with improving the quality of life for those in impoverished and economically depleted areas. The iimbewu foundation desires to uplift people in africa & america based on the principle of gleaning while providing the necessary labor services to the local business community, "gleaning is the act of collecting leftover crops from farmers' fields after they have been commercially harvested or on fields where it is not economically profitable to harvest" we desire to make markets available to families who would otherwise not have access to those markets by creating a bridge between africa and the united states of america.

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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/ExplanationTxt0THE IIMBEWU FOUNDATION, INC IS ORGANIZED FOR THE CREATION OF OPPORTUNITIES IN THE UNITED STATES OF AMERICA FOR WORKERS IN AREAS OF AFRICA, PARTICULARLY SOUTH AFRICA, WHO HAVE THE NECESSARY SKILLS FOR EMPLOYMENT BUT DO NOT HAVE EMPLOYMENT OPPORTUNITIES. BY CONNECTING THESE PEOPLE WITH OPPORTUNITIES IN THE US AND ASSISTING THEM WITH THE COSTS OF TRAVELING, ETC IIMBEWU FOUNDATION, INC. CAN ASSIST WITH IMPROVING THE QUALITY OF LIFE FOR THOSE IN IMPOVERISHED AND ECONOMICALLY DEPLETED AREAS. THE IIMBEWU FOUNDATION DESIRES TO UPLIFT PEOPLE IN AFRICA & AMERICA BASED ON THE PRINCIPLE OF GLEANING WHILE PROVIDING THE NECESSARY LABOR SERVICES TO THE LOCAL BUSINESS COMMUNITY, "GLEANING IS THE ACT OF COLLECTING LEFTOVER CROPS FROM FARMERS' FIELDS AFTER THEY HAVE BEEN COMMERCIALLY HARVESTED OR ON FIELDS WHERE IT IS NOT ECONOMICALLY PROFITABLE TO HARVEST" WE DESIRE TO MAKE MARKETS AVAILABLE TO FAMILIES WHO WOULD OTHERWISE NOT HAVE ACCESS TO THOSE MARKETS BY CREATING A BRIDGE BETWEEN AFRICA AND THE UNITED STATES OF AMERICA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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