Bridge To Work Foundation Inc
- Assets
- $5.7m
- Revenue
- $16.3k
- Investments
- $4.8m
- Employees
- 0
- Location
- Lincolnville, ME
- Founding
- Data as of
- 06/2022
- EIN
- 85-1170939
Organization Overview
Bridge To Work Foundation Inc is located in Lincolnville, 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 06/2022, Bridge To Work Foundation Inc generated $16.3k in total revenue. All expenses for the organization totaled $365.5k during the year ending 06/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Murphy President | 2 | $105,000 | |
Catherine Page Secretary | 1 | $0 | |
Morgan Tuttle Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,118 |
| Interest on Savings | $49 |
| Dividends & Interest | $110,108 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$119,205 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $21,252 |
| Other Income | $0 |
| Total Revenue | $16,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,114 |
| Interest | $0 |
| Taxes | $13,950 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,691 |
| Total operating and administrative expenses | $215,534 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $365,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $214,782 |
| 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 | $0 |
| Inventories for sale or use | $102,072 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $341,769 |
| Net Land, buildings, and equipment | $585,000 |
| Other assets | $0 |
| Total assets | $5,695,595 |
| 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 | $589,532 |
| Total liabilities | $589,532 |
Grants Awarded
Over the last fiscal year, Bridge To Work Foundation Inc has awarded $150,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MD PURPOSE: GENERAL OPERATING EXPENSES | $25,000 |
Camden, ME PURPOSE: GENERAL OPERATING EXPENSES | $25,000 |
Belfast, ME PURPOSE: GENERAL OPERATING EXPENSES | $25,000 |
Baltimore, MD PURPOSE: GENERAL OPERATING EXPENSES | $25,000 |
CREATIVE ART WORKS PURPOSE: GENERAL OPERATING EXPENSES | $25,000 |
New York, NY PURPOSE: GENERAL OPERATING EXPENSES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Island Institute Rockland, ME | $34,942,404 | $7,827,911 |
Senator George J Mitchell Scholarship Research Institute Portland, ME | $52,911,391 | $4,164,591 |
Dartmouth Educational Loan Corp Hanover, NH | $0 | $769,004 |
Maine Huts & Trails Kingfield, ME | $4,908,401 | $661,493 |
Donato J Tramuto Foundation Ogunquit, ME | $1,147,543 | $792,023 |
Lakes Region Scholarship Foundation Gilford, NH | $13,202,377 | $2,617,531 |
Harambe Endeavor Alliance Concord, NH | $2,789,573 | $314,506 |
Robert B Bunker Medical School Scholarship Trust Laconia, NH | $10,035,402 | $504,867 |
The Sukeforth Family Foundation South China, ME | $12,098,841 | $1,239,260 |
Service Credit Union Impact Foundation Portsmouth, NH | $153,778 | $370,899 |