Friendship Bridge
- Assets
- $14.0m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Lakewood, CO
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 84-1141078
Organization Overview
Friendship Bridge is located in Lakewood, CO. The organization was established in 1990. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Friendship Bridge employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Bridge 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, Friendship Bridge generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 7.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICROCREDIT PLUS PROGRAM IN GUATEMALA: FRIENDSHIP BRIDGE'S MICRO-CREDIT PLUS PROGRAM OFFERS IMPOVERISHED GUATEMALAN WOMEN MICRO-LOANS SUPPLEMENTED WITH PLUS SERVICES, INCLUDING NON-FORMAL PARTICIPATORY EDUCATION, ARTISAN TRAINING, AGRICULTURAL TRAINING, AND PREVENTATIVE HEALTH SERVICES. DURING 2021, FRIENDSHIP BRIDGE SERVED 32,310 WOMEN WITH LOANS AVERAGING $440 FOR FOUR TO TWELVE-MONTH LOAN CYCLES. BORROWINGS OCCUR THROUGH GROUPS OF 7-25 WOMEN, EACH KNOWN AS A TRUST BANK. AT THE END OF 2021, THERE WERE 3,217 ACTIVE TRUST BANKS. DURING 2021, FB OFFERED NON-FORMAL EDUCATION TO ALL CLIENTS, PROVIDED SPECIALIZED AGRICULTURE TRAININGS TO 700 CLIENTS, OUR HEALTH FOR LIFE PROGRAM SERVED 3,783 AND WE KICKED OFF OUR NEW BRIDGE TO SUCCESS PROGRAM AND HAD 24 ENTREPRENEUR CLIENTS AT YEAR END. IN ADDITION, A PILOT PROJECT WAS LAUNCHED PROVIDING MENTAL HEALTH SERVICES.
NURSES EDUCATION PROGRAM IN VIETNAM: FRIENDSHIP BRIDGE SUPPORTS A GRADUATE NURSING PROGRAM IN VIETNAM THROUGH FUNDING OF INSTRUCTOR TRAVEL COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Larson President & CEO | Officer | 40 | $153,555 |
Tracie Cordeiro Chief Financial Officer | Officer | 40 | $123,600 |
Susan Zimmermann Co-Chair | OfficerTrustee | 5 | $0 |
James Wood Co-Chair | OfficerTrustee | 5 | $0 |
Dan Thomas Treasurer | OfficerTrustee | 1 | $0 |
Caroline Rodriguez Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,423 |
| Related organizations | $0 |
| Government grants | $263,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,249,693 |
| Noncash contributions included in lines 1a–1f | $25,599 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,558,531 |
| Total Program Service Revenue | $5,161,864 |
| Investment income | $123,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,016 |
| Net Income from Fundraising Events | $29,962 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,881,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $296,627 |
| Compensation of current officers, directors, key employees. | $125,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,829,780 |
| Pension plan accruals and contributions | $27,851 |
| Other employee benefits | $255,903 |
| Payroll taxes | $222,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,999 |
| Fees for services: Accounting | $45,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $518,574 |
| Advertising and promotion | $173,198 |
| Office expenses | $437,922 |
| Information technology | $206,829 |
| Royalties | $0 |
| Occupancy | $234,203 |
| Travel | $344,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,125 |
| Interest | $239,956 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,153 |
| Insurance | $20,530 |
| All other expenses | $86,264 |
| Total functional expenses | $6,633,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,736 |
| Savings and temporary cash investments | $2,501,790 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $409,207 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,923,740 |
| Inventories for sale or use | $12,543 |
| Prepaid expenses and deferred charges | $61,860 |
| Net Land, buildings, and equipment | $161,634 |
| Investments—publicly traded securities | $214,975 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,205 |
| Total assets | $14,023,690 |
| Accounts payable and accrued expenses | $1,367,249 |
| Grants payable | $0 |
| Deferred revenue | $58,235 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $390,200 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $6,008,930 |
| Other liabilities | $0 |
| Total liabilities | $7,824,614 |
| Net assets without donor restrictions | $5,323,470 |
| Net assets with donor restrictions | $875,606 |
| 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 | $14,023,690 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friendship Bridge has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Scott & Kathryn Happ Foundation Inc Thiensville, WI PURPOSE: GENERAL PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $102,919 |
| Earnings | $9,686 |
| Net Contributions | $100,000 |
| Other Expense | $10,503 |
| Ending Balance | $202,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ja Worldwide Colorado Springs, CO | $6,896,881 | $8,557,870 |
Friendship Bridge Lakewood, CO | $14,023,690 | $6,881,419 |
International Union Of Elevator Sheridan, CO | $3,752,392 | $1,844,155 |
Fcop International Fort Morgan, CO | $54,420 | $1,291,297 |
International Association Of Fire Fighters Local 858 Denver Denver, CO | $1,619,573 | $1,325,241 |
International Association Of Plastics Distributors 11-01-91 Overland Park, KS | $3,426,302 | $1,754,734 |
International Union Of Elevator Constructors Phoenix, AZ | $2,024,807 | $1,154,353 |
Icom International Communications Agency Network Inc Nederland, CO | $284,205 | $617,648 |
International Association Of Bridge Structural & Ornamental Iron Wrker Oklahoma City, OK | $1,272,199 | $511,929 |
International Titanium Association Thornton, CO | $2,012,716 | $584,621 |
International Union Of Elevator Constructors Salt Lake City, UT | $1,856,845 | $766,756 |
Assoc Of Collegiate Conference And Events Directors-International Fort Collins, CO | $828,219 | $533,562 |