BRIDGES IMPACT FOUNDATION

EIN: 813815673 501(c)(3) Philanthropy & Grantmaking

BOSTON, MA

Total Revenue
$846,097
Total Expenses
$914,040
Total Assets
$688,795
Net Assets
$546,751
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
DE
Principal Officer
MICHAEL MCCRELESS
Phone
2123805509
Tax Period
2023-01-01 to 2023-12-31

BRIDGES IMPACT FOUNDATION, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $846K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

TO FOSTER AND SUPPORT THE DEVELOPMENT OF IMPACT INVESTING, SOCIAL ENTREPRENEURSHIP, AND OTHER INNOVATIVE FUNDING MECHANISMS TO EFFECT SOCIAL CHANGE BY, AMONG OTHER ACTIVITIES, (A) CREATING AND FACILITATING EDUCATIONAL FORUMS, TRAININGS, WORKSHOPS AND PROGRAMS, (B) CONDUCTING, COLLECTING, SUPPORTING, PUBLISHING AND DISSEMINATING RESEARCH, (C) AND DEVELOPING AND PROMOTING COLLABORATIONS, RELATIONSHIPS AND FIELD-BASED PROGRAMS.

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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 $455,000
Program Service Revenue $379,885
Investment Income $0
Other Revenue $11,212
TOTAL REVENUE $846,097

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $693,821
Fundraising Expenses $49,441
Program Expenses $719,154
Other Expenses $219,219
TOTAL EXPENSES $914,040

Year-over-Year Comparison

2023 2022 Change
Revenue $846,097 $1,189,557 -0.3%
Expenses $914,040 $763,709 +0.2%
Net Income $-67,943 $425,848 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
6
Volunteers
6

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
5
$177,820
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN TRELSTAD PRESIDENT 2.00
Officer Director
$0 $0 $0
MICHELE GIDDENS SECRETARY 1.00
Officer Director
$0 $0 $0
BRIAN WALSH TREASURER 1.00
Officer Director
$0 $0 $0
PETER BERNARD BOARD MEMBER 1.00
Officer Director
$0 $0 $0
EDUARDO MEDEIROS BOARD MEMBER 1.00
Director
$0 $0 $0
TASHA SEITZ BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MCCRELESS EXECUTIVE DIRECTOR 40.00
Officer
$170,981 $6,839 $177,820
ADWOA ASARE PROGRAM DIRECTOR 40.00
Highest
$125,745 $15,440 $141,185
NAO SUDO DIRECTOR 40.00
Highest
$115,450 $4,618 $120,068
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 $846,097 $914,040 $688,795 $-67,943
2022 $1,189,557 $763,709 $773,665 $425,848
2021 $401,774 $745,987 $482,504 $-344,213
2020 $288,144 $439,243 $674,593 $-151,099
2019 $1,166,768 $483,194 $824,806 $683,574
2019 $1,180,100 $494,897 $824,806 $685,203
2018 $304,378 $582,499 $140,069 $-278,121
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