Bridge Foundation
- Assets
- $325.9k
- Revenue
- $320.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 03/1969
- Data as of
- 12/2023
- EIN
- 34-1046151
Organization Overview
Bridge Foundation is located in Cleveland, OH. The organization was established in 1969. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Bridge Foundation generated $320.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $369.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bridge Foundation has awarded 53 individual grants totaling $250,878. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OWNS RESIDENTIAL PROPERTIES WHICH ARE USED TO PROVIDE HOUSING FOR NEEDY FAMILIES RENT IS PAID BASED UPON THE ABILITY OF THE FAMILY TO PAY
ASSIST PEOPLE TO GET PERSONAL IDENTIFICATION DOCUMENTS IN ORDER TO VOTE GET HOUSING MEDICAL CARE EDUCATION EMPLOYMENT & OTHER VITAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary N Corrigan President | 2 | $0 | |
Charles Ackerman Vice President | 3 | $0 | |
Michael Hoag Treasurer | 3 | $0 | |
Julie Barchanowicz Secretary | 2 | $0 | |
Leonard M Calabrese Board Member | 2 | $0 | |
Judith A Corrigan Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $319,477 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,100 |
| Total Revenue | $320,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $125,151 |
| Pension plans, employee benefits | $13,137 |
| Interest | $0 |
| Taxes | $9,519 |
| Depreciation | $3,057 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $6,152 |
| Other expenses | $135,808 |
| Total operating and administrative expenses | $301,471 |
| Contributions, gifts, grants paid | $67,903 |
| Total expenses and disbursements | $369,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,995 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $6,563 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $187,846 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $46,449 |
| Other assets | $0 |
| Total assets | $325,853 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $45,500 |
| Other liabilities | $0 |
| Total liabilities | $45,500 |
Grants Awarded
Over the last fiscal year, Bridge Foundation has awarded $67,903 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HEZEKIAH SEYOU SOFACE SEYOU PURPOSE: SUBSIDIZE HOUSING BY FORGIVING MORTGAGE | $1,000 |
SHARON S BROWN PURPOSE: SUBSIDIZE HOUSING BY FORGIVING MORTGAGE | $1,000 |
WALTER MYRNA TORRES PURPOSE: PROVIDE HOUSING FOR THE POOR | $65,363 |
EDWARD HULESCH PURPOSE: PROVIDE HOUSING ASSISTANCE FOR THE POOR | $540 |