DIGITAL BRIDGE INC

EIN: 465178962 501(c)(3) Community Improvement

Milwaukee, WI

Total Revenue
$1,755,509
Total Expenses
$1,837,351
Total Assets
$555,411
Net Assets
$182,329
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
WI
Principal Officer
Jeff Hanson
Phone
4144365333
Tax Period
2023-01-01 to 2023-12-31

DIGITAL BRIDGE INC, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

To accomplish our mission, we help people and organizations to repurpose their used technological assets by redistributing them to those in need. Based in Milwaukee, WI, we work with partnering nonprofits and nongovernmental organizations to provide affordable technology to low-income households, set up computer labs for the communities that need them, and to help our partners who are already doing good work to further their missions and create a lasting legacy, all using refurbished technology.

Program Service Accomplishments

Program 1
Expenses: $1,609,385 Revenue: $1,029,732

In 2023 Digital Bridge refurbished and distributed over 4,000 devices around Wisconsin and the U.S. continuing our work on a grant received through the WI DOA and United Way to distribute 6,000...

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In 2023 Digital Bridge refurbished and distributed over 4,000 devices around Wisconsin and the U.S. continuing our work on a grant received through the WI DOA and United Way to distribute 6,000 devices to low-income families in the Greater Milwaukee and Waukesha counties. We have continued to have an international impact as well through our local partners doing great work in less developed parts of the world, helping them establish computer labs that will have a lasting impact. We expanded our corporate donor base through our corporate IT Asset Disposition Services, allowing us to have an even greater impact in the coming years. We have expanded our e-waste services to cover our donor locations across the midwest in addition to offering shipping and logistics for locations across the country. We Diverted 300,000 Lbs of ewaste from landfills. Our NAID Certified Team securely destroyed the Data on 14,860 Drives. Our team has been working closely with the state broadband office and other partners to prepare for the best use of federal funding of Digital Inclusion efforts starting in 2024. Digital Bridge continues to be a driving force behind Digital Inclusion and Electronics Reuse in WI and the U.S.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $725,762
Program Service Revenue $1,029,732
Investment Income $0
Other Revenue $15
TOTAL REVENUE $1,755,509

Expense Breakdown

Grants Paid $0
Salaries & Benefits $557,492
Fundraising Expenses $43,661
Program Expenses $1,609,385
Other Expenses $1,279,859
TOTAL EXPENSES $1,837,351

Year-over-Year Comparison

2023 2022 Change
Revenue $1,755,509 $1,504,562 +0.2%
Expenses $1,837,351 $1,549,751 +0.2%
Net Income $-81,842 $-45,189 +0.8%
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
3
Independent Members
2
Employees
15
Volunteers
10

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
3
$79,700
Total Directors
3
$79,700
Key Employees
1
$79,700
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Hanson President 40
Officer Director Key Emp
$79,700 $0 $79,700
Paul Hausch Treasurer 5
Officer Director
$0 $0 $0
Michael Bubolz Secretary 5
Officer Director
$0 $0 $0
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 $1,755,509 $1,837,351 $555,411 $-81,842
2022 $1,504,562 $1,549,751 $354,493 $-45,189
2021 $1,030,651 $863,476 $399,676 $167,175
2020 $624,774 $693,273 $161,505 $-68,499
2019 $457,836 $582,563 $221,864 $-124,727
2018 $402,533 $233,751 $352,078 $168,782
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