Bridge Project Inc
- Assets
- $1.6m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 88-1293144
Organization Overview
Bridge Project Inc is located in New York, NY. According to its NTEE Classification (T30) the organization is classified as: Public 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. Bridge Project Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BRIDGE PROJECT SEEKS TO SOLVE CHILD POVERTY IN NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRIDGE PROJECT CURRENTLY OPERATES IN NEW YORK CITY AND SERVES 600 BABIES AND THEIR MOTHERS ACROSS 2 BOROUGHS, 20+ ZIP CODES, AND ALONGSIDE 25+ COMMUNITY BASED PARTNERS AND SERVICE ORGANIZATIONS. MOTHERS IN THE PROGRAM RECEIVE UP TO $1,000 A MONTH, UNCONDITIONALLY, FOR 36 MONTHS. A PORTION OF THE PROGRAM IS A RANDOMIZED CONTROL TRIAL IN PARTNERSHIP WITH THE UNIVERSITY OF PENNSYLVANIA'S CENTER FOR GUARANTEED INCOME RESEARCH. BY THE END OF 2023, THE PROGRAM WILL EXPAND TO ALL 5 CITY BOROUGHS AND LAUNCH A PRESENCE ACROSS NEW YORK STATE, STARTING WITH ROCHESTER. ALL TOGETHER, THE EFFORTS WILL RESULT IN 1,100 BABIES RECEIVING AN UNCONDITIONAL CASH ALLOWANCE.(SEE CONTINUATION ON SCHEDULE O)THE PROGRAM WILL CONTINUE TO EXPAND THROUGHOUT VARIOUS NEIGHBORHOODS, ZIP CODES, BOROUGHS, AND CITIES ACROSS NEW YORK TO SUPPORT BABIES AND THEIR MOTHERS. THE BRIDGE PROJECT IS ON ITS WAY TO SOLVING CHILD POVERTY, AND WE ARE DOING IT WITH TRUST, COMMUNITY, AND CASH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Fogle Chair | OfficerTrustee | 3 | $0 |
Megha Agarwal Executive Director | OfficerTrustee | 40 | $0 |
Paula Filipe Secretary | OfficerTrustee | 1 | $0 |
Sarah Henry Director | Trustee | 1 | $0 |
Michael Kahan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,367,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,367,158 |
| Total Program Service Revenue | $0 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,367,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,696,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,020 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,037 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,385 |
| All other expenses | $12,033 |
| Total functional expenses | $3,846,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,111 |
| Savings and temporary cash investments | $1,000,019 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $251,608 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,201 |
| Total assets | $1,553,939 |
| Accounts payable and accrued expenses | $33,722 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,722 |
| Net assets without donor restrictions | $1,456,217 |
| Net assets with donor restrictions | $64,000 |
| 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 | $1,553,939 |