Bridges To Prosperity Inc
- Assets
- $8.3m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Denver, CO
- Founding
- 07/2001
- Data as of
- 08/2023
- EIN
- 54-2031102
Organization Overview
Bridges To Prosperity Inc is located in Denver, CO. The organization was established in 2001. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 08/2023, Bridges To Prosperity Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges To Prosperity Inc 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 08/2023, Bridges To Prosperity Inc generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $11.1m during the year ending 08/2023. While expenses have increased by 13.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 SIGNALED ANOTHER SIGNIFICANT LEAP IN B2P'S STRATEGIC GROWTH, WITH LANDMARK PROGRESS IN EVIDENCE THROUGH THE SECOND ROUND RESULTS FROM THE RWANDA FULL-SCALE RANDOMIZED CONTROLLED TRIAL; THE FIRST COMPLETED BRIDGES OF TRAIL ETHIOPIA AND THE TECHNICAL ASSISTANCE AND ADVOCACY TOOLS THAT WILL GROW FROM THAT PROGRAM; AND CONTINUED EXPLORATORY PROGRAMS THROUGHOUT EAST AND CENTRAL AFRICA. ADDITIONALLY, B2P WORKED WITH GOVERNMENT PARTNERS IN RWANDA AND UGANDA TO BUILD A RECORD-BREAKING 76 NEW TRAIL BRIDGES THAT CREATED NEW SAFE ACCESS FOR 246,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Tuchman Board Chair (through 03/23) | OfficerTrustee | 2 | $0 |
Jonathan Nash Board Chair | OfficerTrustee | 2 | $0 |
Anne Maria Makhulo Vice Chair | OfficerTrustee | 2 | $0 |
Carole Bionda Board Secretary | OfficerTrustee | 2 | $0 |
Sue Dorsey Board Treasurer | OfficerTrustee | 2 | $0 |
Ken Frantz Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,078,634 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,211,060 |
| Noncash contributions included in lines 1a–1f | $1,100,962 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,289,694 |
| Total Program Service Revenue | $2,930 |
| Investment income | $86,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,379,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $450,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $525,672 |
| Compensation of current officers, directors, key employees. | $65,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,960,107 |
| Pension plan accruals and contributions | $12,474 |
| Other employee benefits | $186,099 |
| Payroll taxes | $236,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,563 |
| Fees for services: Accounting | $97,941 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $809,445 |
| Advertising and promotion | $46,812 |
| Office expenses | $345,517 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,312 |
| Travel | $921,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,228 |
| Interest | $53,264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,124 |
| Insurance | $51,326 |
| All other expenses | -$83,158 |
| Total functional expenses | $11,072,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,700 |
| Savings and temporary cash investments | $5,675,889 |
| Pledges and grants receivable | $2,007,749 |
| Accounts receivable, net | $8,916 |
| 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 | $180,122 |
| Net Land, buildings, and equipment | $261,263 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,277,639 |
| Accounts payable and accrued expenses | $448,817 |
| Grants payable | $350,000 |
| 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 | $1,100,000 |
| Other liabilities | $0 |
| Total liabilities | $1,898,817 |
| Net assets without donor restrictions | $1,808,699 |
| Net assets with donor restrictions | $4,570,123 |
| 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 | $8,277,639 |
Grants Awarded
Over the last fiscal year, Bridges To Prosperity Inc has awarded $450,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ENGINEERS IN ACTION PURPOSE: BRIDGE CONSTRUCTION GRANT | $100,000 |
UNIVERSITY OF COLORADO PURPOSE: RESEARCH GRANT | $350,000 |