Bridge Forward Fund Inc
- Assets
- $8.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Boston, MA
- Founding
- Data as of
- 12/2023
- EIN
- 86-3858640
Organization Overview
Bridge Forward Fund Inc is located in Boston, MA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Forward Fund 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 12/2023, Bridge Forward Fund Inc generated $119.6k 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 (7.3%) each year. All expenses for the organization totaled $141.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRIDGE FORWARD FUND IS AN ECONOMIC MOBILITY ORGANIZATION DESIGNED TO HELP INDIVIDUALS AND FAMILIES EXPERIENCING FINANCIAL HARDSHIP WITH MULTI-YEAR FINANCIAL AND COACHING SUPPORT TO PROPEL THEIR JOURNEY TOWARDS STABILITY AND WEALTH BUILDING.
Describe the Organization's Program Activity:
Part 3
BFF SUPPORTED APPROXIMATELY 35 FAMILIES EXPERIENCING FINANCIAL HARDSHIP WITH COSTS THAT HELPED COVER HOUSING, UTILITIES, EDUCATION AND HEALTH-RELATED EXPENSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luisa Pena Lyons President | 40 | $0 | |
Gloribel Beatriz Rivas Treasurer | 2 | $0 | |
Joel Jaquez Clerk | 2 | $0 | |
Abdi Ali Director | 2 | $0 | |
Heather Caryn Catherwood Director | 2 | $0 | |
Sibusisiwe Malaba Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,593 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $119,593 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,171 |
| Professional fees and other payments to independent contractors | $17,775 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,438 |
| Total expenses | $141,043 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,806 |
| Other assets | $0 |
| Total assets | $8,806 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,806 |