Building Bridges
- Assets
- $1.0m
- Revenue
- $260.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 38-3489204
Organization Overview
Building Bridges is located in Troy, MI. The organization was established in 1999. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Bridges 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 12/2022, Building Bridges generated $260.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $277.0k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE CHILDREN TO BELIEVE IN THEMSELVES BY CONNECTING THEM WITH CARING ADULTS AND PROVIDING THEM WITH HIGH SCHOOL SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HIGH SCHOOL SCHOLARSHIPS TO 32 STUDENTS SO THAT THEY MAY BETTER THEIR EDUCATION AND BETTER THE COMMUNITY.
TO INSPIRE CHILDREN TO BELIEVE IN THEMSELVES BY CONNECTING THEM WITH CARING ADULTS AND PROVIDING THEM WITH HIGH SCHOOL SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Housey President T | Officer | 5 | $0 |
Amber Housey Director | Trustee | 1 | $0 |
Pierre Nona Director | Trustee | 1 | $0 |
Terry Nagle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,162 |
| Total Program Service Revenue | $0 |
| Investment income | $21,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $219 |
| Net Income from Fundraising Events | $3,190 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $236,432 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,536 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $276,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,180 |
| Savings and temporary cash investments | $110,807 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $886,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,017,060 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,017,060 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,017,060 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Building Bridges has recieved totaling $110,767.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: YOUTH DEVELOPMENT | $54,557 |
Catholic Foundation Of Michigan Bloomfield Hills, MI PURPOSE: GENERAL SUPPORT | $20,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $15,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $10,000 |
Eagles For Children Incorporated Novi, MI PURPOSE: PROVIDE GENERAL SUPPORT TO HELP INSPIRE CHILDREN TO BELIEVE IN THEMSELVES BY CONNECTING THEM WITH CARING ADULTS | $10,000 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Education Academy Akron, OH | $8,266,600 | $36,695,816 |
Ideastream Cleveland, OH | $47,798,321 | $23,794,645 |
Directions For Youth & Families Inc Columbus, OH | $17,494,170 | $7,448,441 |
Youth Intensive Services Youngstown, OH | $5,192,901 | $8,719,179 |
Catholic Youth Summer Camp Inc Centerburg, OH | $24,885,717 | $8,487,345 |
Brilliant Detroit Detroit, MI | $8,474,940 | $7,645,252 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
New City Kids Inc Grand Rapids, MI | $3,713,788 | $6,335,672 |
Gateway Woods Family Services Inc Leo, IN | $1,086,644 | $4,316,744 |
Fishers Soccer Club Inc Noblesville, IN | $3,814,503 | $3,510,504 |
Hype Athletics Community Inc Dearborn Heights, MI | $8,352,601 | $3,293,270 |