Bridge To Work Foundation Inc
- Assets
- $5.9m
- Revenue
- $128.3k
- Investments
- $5.0m
- Employees
- 0
- Location
- Camden, ME
- Founding
- Data as of
- 06/2023
- EIN
- 85-1170939
Organization Overview
Bridge To Work Foundation Inc is located in Camden, ME. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge To Work Foundation 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 06/2023, Bridge To Work Foundation Inc generated $128.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (73.5%) each year. All expenses for the organization totaled $217.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Bridge To Work Foundation Inc has awarded 12 individual grants totaling $234,821. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Murphy President | 2 | $77,500 | |
Catherine Page Secretary | 1 | $0 | |
Morgan Tuttle Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,193 |
| Dividends & Interest | $107,261 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,986 |
| Capital Gain Net Income | $46,986 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$27,183 |
| Other Income | $0 |
| Total Revenue | $128,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $77,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $313 |
| Printing and publications | $3,124 |
| Other expenses | $45,881 |
| Total operating and administrative expenses | $154,558 |
| Contributions, gifts, grants paid | $63,000 |
| Total expenses and disbursements | $217,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $187,805 |
| 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 | $370 |
| Inventories for sale or use | $83,098 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $376,836 |
| Net Land, buildings, and equipment | $541,667 |
| Other assets | $0 |
| Total assets | $5,856,825 |
| 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 | $0 |
| Other liabilities | $587,228 |
| Total liabilities | $587,228 |
Grants Awarded
Over the last fiscal year, Bridge To Work Foundation Inc has awarded $84,821 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CALVERT COUNTY SCHOOL FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES | $13,000 |
CRISTO REY PURPOSE: GENERAL OPERATING EXPENSES | $15,000 |
FARNSWORTH ART MUSEUM PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
HOLISTIC LIFE FOUNDATION PURPOSE: DONATION OF 25 TEACHER AND 250 STUDENT EDUCATON KITS FOR THEIR LEARNING PROGRAM FOR THE BALTIMORE INNER CITY CHILDREN. | $21,821 |
MAINE COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES | $15,000 |
MAINE STREET SKOWHEGAN PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |