THE BRIDGESPAN GROUP INC

EIN: 311625487 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$84,763,020
Total Expenses
$94,877,119
Total Assets
$203,549,391
Net Assets
$171,923,431
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
DE
Principal Officer
WILLIAM FOSTER
Phone
6175722833
Tax Period
2023-01-01 to 2023-12-31

THE BRIDGESPAN GROUP INC, founded in 1998, is a mid-sized nonprofit in the Community Improvement sector that reported $84.8M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $94.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

BRIDGESPAN'S MISSION IS TO BUILD A BETTER WORLD BY STRENGTHENING THE ABILITY OF MISSION-DRIVEN ORGANIZATIONS AND PHILANTHROPISTS TO ACHIEVE BREAKTHROUGH RESULTS IN ADDRESSING SOCIETY'S MOST IMPORTANT CHALLENGES AND OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $35,963,648 Revenue: $41,228,189

ADVISING PHILANTHROPY AND INVESTORS FOR GREATER SOCIAL IMPACTWE HELP THE WORLD'S LEADING DONORS AND PHILANTHROPIES CRAFT AND ACHIEVE THEIR VISION FOR A MORE JUST AND EQUITABLE WORLD THROUGH THE...

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ADVISING PHILANTHROPY AND INVESTORS FOR GREATER SOCIAL IMPACTWE HELP THE WORLD'S LEADING DONORS AND PHILANTHROPIES CRAFT AND ACHIEVE THEIR VISION FOR A MORE JUST AND EQUITABLE WORLD THROUGH THE FOLLOWING SERVICES: - DEVELOPING HIGH-IMPACT GIVING STRATEGIES - SOURCING AND STRUCTURING PHILANTHROPIC INVESTMENTS - DESIGNING AND REALIZING SPECIAL INITIATIVES / PROJECTS - STRUCTURING AND MANAGING PHILANTHROPIC ENTITIES - INCREASING IMPACT AND EFFECTIVENESS OF GRANTEESWE ALSO ADVISE A VARIETY OF INSTITUTIONAL INVESTORS, FOUNDATIONS, AND FAMILY OFFICES ON HOW TO INCORPORATE SOCIAL AND ENVIRONMENTAL IMPACT INVESTING INTO THEIR PORTFOLIOS WITH A FOCUS ON THE FOLLOWING SUPPORTS: - IMPACT STRATEGY - IMPACT DILIGENCE - IMPACT VALUE CREATION

Program 2
Expenses: $34,988,804 Revenue: $27,085,893

SUPPORTING NONPROFITS AND NGOS TO ACHIEVE IMPACT ASPIRATIONSWE SUPPORT NONPROFITS AND NGOS IN TWO PRIMARY WAYS. FIRST, WE OFFER CUSTOMIZED ADVISING, IN WHICH WE PARTNER CLOSELY WITH A DIVERSE SET OF...

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SUPPORTING NONPROFITS AND NGOS TO ACHIEVE IMPACT ASPIRATIONSWE SUPPORT NONPROFITS AND NGOS IN TWO PRIMARY WAYS. FIRST, WE OFFER CUSTOMIZED ADVISING, IN WHICH WE PARTNER CLOSELY WITH A DIVERSE SET OF NONPROFITS / NGOS AND SUPPORT THEM ON A RANGE OF TOPICS AND PRIORITIES: - STRATEGIC CLARITY - GROWTH AND SCALING - PROGRAM STRATEGY & ALIGNMENT - FUNDING STRATEGY - ORGANIZATIONAL EFFECTIVENESS AND DESIGNSECOND, WE OFFER COHORT-BASED ADVISING, IN WHICH WE OFFER COACHING AND CAPACITY-BUILDING PROGRAMS FOR GROUPS OF LEADERSHIP TEAMS: - LEADING FOR IMPACT (LFI): 12-MONTH COHORT-BASED EXPERIENCE THAT COMBINES CLASSROOM SESSIONS AND TARGETED PROJECT SUPPORT - LEADERSHIP ACCELERATOR (US) AND BRIDGESPAN NONPROFIT DEVELOPMENT PROGRAM (ASIA AND AFRICA): SUPPORT FOR NGO LEADERSHIP TEAMS ON CRITICAL STRATEGY AND MANAGEMENT CHALLENGES THROUGH A COMBINATION OF DIGITAL TOOLS, WORKSHOPS, AND 1-ON-1 COACHING

Program 3
Expenses: $8,382,159

SHARING INSIGHTS TO ADVANCE SECTOR-WIDE IMPACTACROSS OUR PORTFOLIO, WE AIM TO ENGAGE SOCIAL SECTOR LEADERS IN OUR KNOWLEDGE WORK IN WAYS THAT SHAPE THEIR THINKING AND BEHAVIOR, AND USE OUR PLATFORM...

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SHARING INSIGHTS TO ADVANCE SECTOR-WIDE IMPACTACROSS OUR PORTFOLIO, WE AIM TO ENGAGE SOCIAL SECTOR LEADERS IN OUR KNOWLEDGE WORK IN WAYS THAT SHAPE THEIR THINKING AND BEHAVIOR, AND USE OUR PLATFORM TO AMPLIFY THE VOICES OF BIPOC AND PROXIMATE LEADERS. - MULTIYEAR INITIATIVES: ADVANCE MOST INFLUENTIAL IDEAS FOR THE SOCIAL SECTOR TOWARDS SPECIFIC IMPACT OBJECTIVES THROUGH DEEP, SUSTAINED INVESTMENT - TARGETED INVESTMENTS: EXPLORE PROMISING CROSS-CUTTING ISSUES OR FIELD-SPECIFIC TOPICS WITH DISCRETE INVESTMENTS - FOUNDATIONAL KNOWLEDGE: SERVE AS A GO-TO SOURCE OF KNOWLEDGE AND TOOLS TO BUILD STRONG, RESULTS-DRIVEN NONPROFITS AND DRIVE HIGHLY EFFECTIVE PHILANTHROPYARTICLES PUBLISHED ON BRIDGESPAN.ORG SOUGHT TO ENGAGE OUR AUDIENCE ON TOPICS SUCH AS RACIAL EQUITY, NONPROFIT RESILIENCE, STRATEGIC PLANNING, EQUITABLE SYSTEMS CHANGE, AND CLIMATE. EXAMPLES INCLUDE:HOW NONPROFIT LEADERSHIP DEVELOPMENT SUSTAINS ORGANIZATIONS AND THEIR TEAMS BRIDGESPAN.ORG, 1/1/23BY LINDSEY WALDRON, PREETA NAYAK, TENI LANRE-AMOS, AND BRADLEY SEEMANEQUITABLE PHILANTHROPY CASE STUDY: THE 1954 PROJECT APPROACH BRIDGESPAN.ORG, 2/16/23BY BRITT SAVAGE, LYELL SAKAUE, AND NICOLE AUSTIN-THOMASEQUITABLE SYSTEMS CHANGE: FUNDING FIELD CATALYSTS FROM ORIGINS TO REVOLUTIONIZING THE WORLDBRIDGESPAN.ORG, 3/21/23BY LIJA MCHUGH FARNHAM, EMMA NOTHMANN, KEVIN CROUCH, AND CORA DANIELSPROMOTING EQUITABLE AND INCLUSIVE GREEN JOB GROWTH IN SOUTHEAST ASIA BRIDGESPAN.ORG, 5/16/23BY XUELING LEE, CHRIS ADDY, ROGER THOMPSON, ROSE FARAHHOW NONPROFITS AND NGOS CAN GET REAL VALUE FROM STRATEGIC PLANNING BRIDGESPAN.ORG, 6/1/23BY LINDSEY WALDRON, PREETA NAYAK, TENI LANRE-AMOS, BRADLEY SEEMANREIMAGINING GLOBAL OPERATING MODELS: STEPS MULTI-COUNTRY ORGANIZATIONS ARE TAKING TO ADVANCE EQUITY AND SHIFT POWER LOCALLYBRIDGESPAN.ORG, 6/29/23BY DANIELLE BERFOND, CHANDA JAIN, JASLEEN KAUR, THABO MATSHEGO, ROGER THOMPSON, KARISHMA UBEROI, DONALD YEHCLOSING THE CAPITAL GAP ON IMPACT INVESTMENT IN AFRICA BRIDGESPAN.ORG, 8/1/23BY BERNARD CHIDZERO, SERENA FU, NKANYISO HLONGWA, ROSSINA NAIDOO, FHATUWANI MABILA, ROGER THOMPSONWINNING ON CLIMATE CHANGE: HOW PHILANTHROPY CAN SPUR MAJOR PROGRESS OVER THE NEXT DECADE BRIDGESPAN.ORG, 8/17/23 BY HENRY PLATT, BRIAN BURWELL, SONALI PATEL, BRYAN CORTES, KYLA HARRISON, JOSHUA SEAWELL, AND BRADLEY SEEMANFOUR MINDSETS FOR FUNDING ECONOMIC MOBILITY IN THE BLACK RURAL SOUTH BRIDGESPAN.ORG, 8/24/23BY MIKE SOSKIS, ANGIE ESTEVEZ PRADA, MARK MCKEAG, RICH PIERRE, AND CYNTHIA PHOELPHILANTHROPY'S ROLE IN REPARATIONS AND BUILDING A CULTURE OF RACIAL REPAIR BRIDGESPAN.ORG, 9/27/23BY ARIA FLORANT, TONYEL EDWARDS, CORA DANIELS, ALEXANDRA (ALEX) WILLIAMS, MAURICE ASARE, AND VIKAS MATURITHE PHILANTHROPIC POTENTIAL OF ASIA'S RISING WEALTH BRIDGESPAN.ORG, 11/1/23BY XUELING LEE, KEERAN SIVARAJAH, CHRIS ADDY, ROGER THOMPSONFUNDER PRACTICES THAT STRENGTHEN NONPROFIT RESILIENCE: LESSONS FROM INDIA BRIDGESPAN.ORG, 11/20/23BY PRITHA VENKATACHALAM, SHASHANK RASTOGI, ADITI SHARMA, RACHITA MEHROTRA, LAHARI SHEKAR AND ROGER THOMPSONPODCAST: DREAMING IN COLORBRIDGESPAN HOST: DARREN ISOMIN ADDITION TO PUBLISHING MAJOR ARTICLES ON BRIDGESPAN.ORG, BRIDGESPAN PARTNERS AND MANAGERS CONTRIBUTED ARTICLES TO CENTER FOR EFFECTIVE PHILANTHROPY, THE CHRONICLE OF PHILANTHROPY, STANFORD SOCIAL INNOVATION REVIEW, ALLIANCE MAGAZINE, FORBES INDIA, AND OTHERS. EXAMPLES INCLUDE:WINNING ON CLIMATE CHANGE IS ENTIRELY POSSIBLE WITH A LITTLE MORE HELP FROM PHILANTHROPYALLIANCE MAGAZINE, 9/7/23BY HENRY PLATT, BRIAN BURWELL, AND SONALI PATELA REPARATIONS ROADMAP FOR PHILANTHROPYSSIR.ORG, 9/27/23BY ARIA FLORANT, TONYEL EDWARDS, CORA DANIELS, ALEXANDRA WILLIAMS & MAURICE ASAREINVESTING IN THE BLACK RURAL SOUTH TO ENABLE SOCIAL MOBILITY NATIONWIDECENTER FOR EFFECTIVE PHILANTHROPY, 11/9/23BY MIKE SOSKIS, ANGIE ESTEVEZ PRADA, AND MARK MCKEAGWHY IS PHILANTHROPY AFRAID TO TALK ABOUT REPARATIONS?THE CHRONICLE OF PHILANTHROPY, 11/18/23BY CORA DANIELSINCORPORATING EQUITY IN GRANTMAKING AND PROGRAMME DESIGN FOR MARGINALISED COMMUNITIESAVPN, 11/20/23BY RITI MOHAPATRAWHY GRANTMAKERS AND NONPROFITS ARE COMMITTING TO COMMUNITY-DRIVEN CHANGEFORBES INDIA, 11/30/23BY RITI MOHAPATRA, PRITHA VENKATACHALAM, AND CHANDNI NORONHASUBSCRIPTIONS TO BRIDGESPAN'S NEWSLETTERS, THE BRIDGESPAN KNOWLEDGE LETTER, LEADERSMATTER, AND ALERTS, REACHED A COMBINED TOTAL OF 39,000 AT THE END OF 2023.IN 2023, BRIDGESPAN PARTICIPATED IN 91 CONFERENCES AND GAVE 76 PRESENTATIONS. IN ADDITION, BRIDGESPAN HOSTED 19 WEBINARS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,150,348
Program Service Revenue $70,984,075
Investment Income $5,480,062
Other Revenue $148,535
TOTAL REVENUE $84,763,020

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,707,356
Fundraising Expenses $685,206
Program Expenses $79,334,611
Other Expenses $21,169,763
TOTAL EXPENSES $94,877,119

Year-over-Year Comparison

2023 2022 Change
Revenue $84,763,020 $102,484,601 -0.2%
Expenses $94,877,119 $73,915,481 +0.3%
Net Income $-10,114,099 $28,569,120 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
10
Employees
432
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,120,461
Total Directors
15
$1,035,747
Key Employees
9
$3,547,121
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM FOSTER MANAGING PARTNER 50.00
Officer Director
$466,915 $46,373 $513,288
JEFFREY L BRADACH PARTNER/TRUSTEE 50.00
Director
$445,050 $44,632 $489,682
THOMAS J TIERNEY CHAIRMAN 20.00
Officer Director
$0 $32,777 $32,777
FRED BLACKWELL TRUSTEE 1.00
Director
$0 $0 $0
DAN CARDINALI TRUSTEE (UNTIL DEC. 2023) 1.00
Director
$0 $0 $0
MAYA CHORENGEL TRUSTEE 1.00
Director
$0 $0 $0
JOHN DONAHOE TRUSTEE (UNTIL NOV. 2023) 1.00
Director
$0 $0 $0
CHERYL DORSEY TRUSTEE 1.00
Director
$0 $0 $0
KARA GRUVER TRUSTEE 1.00
Director
$0 $0 $0
GREG GUNN TRUSTEE 1.00
Director
$0 $0 $0
JULIA LOPEZ TRUSTEE 1.00
Director
$0 $0 $0
MANNY MACEDA TRUSTEE 1.00
Director
$0 $0 $0
NITIN NOHRIA TRUSTEE 1.00
Director
$0 $0 $0
NDIDI OKONKWO NWUNELI TRUSTEE 1.00
Director
$0 $0 $0
REBECCA RIMEL TRUSTEE 1.00
Director
$0 $0 $0
AMANDA TAFT-PEARMAN PARTNER & COO & TREASURER 50.00
Officer
$389,725 $71,664 $461,389
JAMES LUM UNTIL FEB 2023 PARTNER/CHIEF FINAN & INFO OFFICER 50.00
Officer
$113,007 $0 $113,007
NIDHI SAHNI PARTNER 50.00
Key Emp
$398,162 $69,003 $467,165
PREETA NAYAK PARTNER 50.00
Key Emp
$356,911 $67,490 $424,401
JAN SCHWIER PARTNER 50.00
Key Emp
$345,694 $50,417 $396,111
GAIL PERREAULT PARTNER 50.00
Key Emp
$349,075 $45,352 $394,427
ALEX NEUHOFF PARTNER 50.00
Key Emp
$329,075 $45,436 $374,511
NITHIN IYENGAR PARTNER 50.00
Key Emp
$328,865 $45,546 $374,411
PETER KIM CHIEF PEOPLE CULTURE OFFICER 50.00
Key Emp
$321,738 $52,069 $373,807
ALLANA JACKSON PARTNER (UNTIL OCT. 2023) 50.00
Key Emp
$315,036 $41,072 $356,108
STEPHANIE KATER PARTNER 25.00
Key Emp
$176,201 $59,777 $386,180
PAUL ROSENBERG PARTNER 50.00
Highest
$342,824 $45,288 $388,112
WILLA SELDON PARTNER 50.00
Highest
$343,403 $43,767 $387,170
KRISTEN LOUREIRO PARTNER 50.00
Highest
$299,281 $67,513 $366,794
DARREN J ISOM PARTNER 50.00
Highest
$295,674 $45,093 $340,767
ROHIT MENEZES PARTNER 50.00
Highest
$294,411 $45,715 $340,126
WILLIAM COWEN UNTIL APRIL 2023 FORMER SENIOR FINANCE DIRECTOR 50.00
$187,148 $31,700 $218,848
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $84,763,020 $94,877,119 $203,549,391 $-10,114,099
2022 $102,484,601 $73,915,481 $204,720,602 $28,569,120
2021 $94,948,133 $62,048,454 $174,186,501 $32,899,679
2020 $118,468,231 $54,604,992 $135,704,175 $63,863,239
2019 $54,704,306 $54,067,964 $68,749,194 $636,342
2018 $36,612,929 $50,565,034 $63,600,879 $-13,952,105
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