Civic Intelligence

Bridge 24 Inc Formerly Iimbewu Foundation Inc

990 • Fiscal year 2024 • EIN 92-1304351

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 21, 2025

5408 Sapony Creek DrNashville, NC 27856

(919) 523-9230

Siviq Scores

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

Liabilities / Assets

69th percentile

0.01x

Higher debt load relative to assets than 69% of similar nonprofits.

2024 filings • NTEE P99 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.01x

Higher debt load relative to revenue than 75% of similar nonprofits.

2024 filings • NTEE P99 • <$500k nonprofits • Source year 2024

Net Margin

97th percentile

97%

Higher net margin than 97% of similar nonprofits.

2024 filings • NTEE P99 • <$500k nonprofits • Source year 2024

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2024 filings • NTEE P99 • <$500k nonprofits • Source year 2024

Asset Growth

99th percentile

127515%

Faster asset growth than 99% of similar nonprofits.

2024 filings • NTEE P99 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Up

$127,615

Up $127,515 (+127515%) from 2023

Net Assets

Up

$126,168

Up $126,990 (+15449%) from 2023

Liabilities

Up

$1,447

Up $525 (+57%) from 2023

Revenue

Up

$130,500

Up $130,500 from 2023

Expenses

Up

$3,510

Up $2,688 (+327%) from 2023

Net Income

Up

$126,990

Up $127,812 (+15549%) from 2023

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

2024

Assets$127,615
Liabilities$1,447
Net Assets$126,168

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

2024

Revenue$130,500
Expenses$3,510
Net Income$126,990
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 21, 2025
Return Version
2024v5.0
Gross Receipts
$130,500
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100$127,615▲ $127,515
Total Assets$100$127,615▲ $127,515
Liabilities
Other Liabilities$922$1,447▲ $525
Total Liabilities$922$1,447▲ $525
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-822$126,168▲ $126,990
Total Net Assets Fund Balance$-822$126,168▲ $126,990
Total Liabilities and Net Assets / Fund Balance$100$127,615▲ $127,515
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
$130,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$130,500
Change in Net Assets
$126,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,510
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$1,630--$1,630
Travel$1,263--$1,263
Fees for Services Legal$125--$125
Other Expenses$92--$92
Total Functional Expenses$3,510$0$0$3,510
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$1,447
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
Bridge 24 Inc
EIN
92-1304351
Phone
9195239230
Address
5408 SAPONY CREEK DR, NASHVILLE, NC 27856

Signing Officer

Name
Anthony Howell
Title
President
Phone
9195239230
Signed
2025-02-21
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

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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRIDGE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum09195239230
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-21
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FORMERLY IIMBEWU FOUNDATION INC
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ReturnHeader/ReturnTs02025-02-21T11:27:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
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