Bridges Foundation
- Assets
- $3.3m
- Revenue
- $1.4m
- Investments
- $40.3k
- Employees
- 0
- Location
- Turner, OR
- Founding
- 09/1988
- Data as of
- 12/2022
- EIN
- 68-0152512
Organization Overview
Bridges Foundation is located in Turner, OR. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges 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 12/2022, Bridges Foundation generated $1.4m in total revenue. All expenses for the organization totaled $277.6k during the year ending 12/2022. While expenses have increased by 57.9% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Bridges Executive Dir. | 15 | $44,719 | |
Jacob Fitzpatrick Trustee | 3 | $24,131 | |
Andrew Fitzpatrick Trustee | 0 | $0 | |
Luke Fitzpatrick Treasurer | 15 | $43,558 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,330,000 |
| Interest on Savings | $512 |
| Dividends & Interest | $1,583 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163 |
| Capital Gain Net Income | $163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $64,489 |
| Total Revenue | $1,396,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,408 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $41,664 |
| Taxes | $60,046 |
| Depreciation | $7,056 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,790 |
| Printing and publications | $14 |
| Other expenses | $47,204 |
| Total operating and administrative expenses | $277,566 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $277,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,011 |
| Savings and temporary cash investments | $103,103 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $405,161 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,760 |
| Net Investments - land, buildings, equipment | $2,740,776 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,873 |
| Other assets | $1,581 |
| Total assets | $3,333,579 |
| 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 | $1,044,850 |
| Other liabilities | $98,177 |
| Total liabilities | $1,143,027 |