Wnc Bridge Foundation

Organization Overview

Wnc Bridge Foundation is located in Asheville, NC. The organization was established in 2004. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Wnc Bridge Foundation employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wnc 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 12/2021, Wnc Bridge Foundation generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $10.0m during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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.

Since 2015, Wnc Bridge Foundation has awarded 294 individual grants totaling $27,742,175. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE HEALTH AND WELL BEING OF PEOPLE IN WESTERN NORTH CAROLINA.

Describe the Organization's Program Activity:

WNC BRIDGE FOUNDATION INVESTED $2,252,541 IN GRANTS AND COMMUNITY INITIATIVES IN THE EIGHTEEN COUNTIES OF WESTERN NORTH CAROLINA.-$400,000 IMMEDIATE NEEDS FOR LOCAL PARTNERS (NOW GRANTS)-$269,225 IN SAFE HOUSING AND FOOD INSECURITY (AIM GRANTS)-$660,402 IN ADDITIONAL WNC BRIDGE COMMUNITY INITIATIVES (RATHBUN HOUSE $309,451, YOU'RE SPECIAL FUND, CHILDREN'S SERVICES FUND, HEALTH SCHOLARSHIPS $41,100, AND WNC GREATEST NEEDS)-$930,433 IN REGIONAL INVESTMENTS (MOUNTAINCARE AND $55,000 FLOOD RELIEF)


IMPACT GRANTS OF $3,900,000 WERE AWARDED TO LOCAL NON-PROFITS IN WNC.


THE ORGANIZATION OPERATES A THRIFT STORE AND OFFERS ESTATE SALES. INCOME FROM THE THRIFT STORE AND COMMISSIONS FROM ESTATE SALES ARE INCLUDED IN REVENUE FROM THE SALE OF INVENTORY. THE COST OF GOODS SOLD OF $348,369 FOR THE THRIFT STORE ARE NETTED WITH REVENUE OF $1,314,056. THE DONATIONS TO THE THRIFT STORE ARE NOT INCLUDED IN NON-CASH CONTRIBUTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Scott W Buchanan
CEO & President
$210,660
Meg White
Senior Program Officer
$119,556
H Denniston Crews
Secretary
$0
William N Lewin
Past Chair
$0
Jeff Gould
Treasurer
$0
David W Hart
Chair Elect
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jcs Investments Llc
Rental Of Property
$161,192
Bessemer Trust
Investment Management
$380,898
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$224,627
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,352,669
Noncash contributions included in lines 1a–1f $41,872
Total Revenue from Contributions, Gifts, Grants & Similar$5,577,296
Total Program Service Revenue$0
Investment income $1,588,967
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,785
Net Gain/Loss on Asset Sales $4,228,249
Net Income from Fundraising Events -$38,721
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $965,687
Miscellaneous Revenue$0
Total Revenue $12,380,465

Grants Awarded

Over the last fiscal year, Wnc Bridge Foundation has awarded $5,820,283 in support to 116 organizations.

Grant RecipientAmount

Asheville, NC

PURPOSE: SPECIAL APPROPRIATIONS

$1,279,752

ORGANIC GROWERS SCHOOL INC

Org PageRecipient Profile

Asheville, NC

PURPOSE: NOW GRANT

$185,000

YMCA OF WESTERN NORTH CAROLINA

Org PageRecipient Profile

Asheville, NC

PURPOSE: IMPACT GRANT/SPECIAL APPROPRIATIONS

$111,500

MCDOWELL LOCAL FOOD ADVISORY COUNCIL

Org PageRecipient Profile

Nebo, NC

PURPOSE: IMPACT GRANT

$100,000

THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL

Org PageRecipient Profile

Chapel Hill, NC

PURPOSE: IMPACT GRANT

$90,000

YMI CULTURAL CENTER INC

Org PageRecipient Profile

Asheville, NC

PURPOSE: IMPACT & NOW GRANTS

$81,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wnc Bridge Foundation has recieved totaling $6,927.

Awarding OrganizationAmount
The Community Foundation Of Western North Carolina Inc

Asheville, NC

PURPOSE: PROMOTING QUALITY HEALTH

$6,927
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$692,992
Earnings$86,246
Admin Expense$10,521
Grants$37,290
Ending Balance$731,427

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