Overview
What is Bridgeway Capital Inc?
Bridgeway Capital Inc, based in Pittsburgh, Pennsylvania, is a nonprofit organization dedicated to boosting economic growth and creating opportunities in low- to moderate-income communities. They accomplish this by providing loans to small businesses, entrepreneurs, and nonprofit organizations, totaling $23.5 million, which in turn attracts an additional $34.5 million in financing. This lending initiative aims to create or retain 683 jobs across 15 counties in western Pennsylvania, northern West Virginia, and eastern Ohio. Beyond lending, Bridgeway Capital Inc actively works to combat injustices and advance opportunities by building capacity, investing capital, and developing underserved areas to foster business growth and community revitalization. With a total of 39 employees, this nonprofit is committed to strengthening local economies and improving the lives of individuals in these communities.
Official website here: www.bridgewaycapital.org
What are the reviews and ratings of this charity?
Bridgeway Capital Inc has earned a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting a high level of financial accountability and transparency, with an overall score of 96%. This score is predominantly based on their Accountability & Finance beacon, showcasing robust financial practices and governance. The organization boasts strong policies, including Conflict of Interest and Whistleblower policies, alongside a well-structured board with a high level of independence.
One notable strength of Bridgeway Capital is its sound financial health, indicated by a low liabilities to assets ratio and a high program expense ratio, suggesting effective allocation of funds towards its mission. The presence of a comprehensive audit and oversight committee further emphasizes their commitment to financial integrity. However, a slight gap is present as their tax form is not posted online, slightly affecting their transparency.
While impact, culture, and leadership scores are not evaluated at this time, the organization's strong financial and governance foundation positions it as a reliable entity within the nonprofit sector. User reviews on GreatNonprofits are not available to provide additional insight into public perception and personal experiences with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Bridgeway Capital Inc legitimate?
Bridgeway Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgeway Capital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,232,528
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,694,246
For more financial information, click here
Official website here: www.bridgewaycapital.org
What is the mission statement of Bridgeway Capital Inc?
Bridgeway Capital Inc's mission is centered around combating injustices and advancing opportunities. They accomplish this by building capacity, investing capital, and developing underserved areas to foster business growth and community revitalization. Their activities primarily benefit low-income individuals, aiding in the formation and expansion of small businesses, non-profit organizations, and social service providers. Their lending initiatives have resulted in significant economic impact, contributing to the creation or retention of around 683 jobs.
Official website here: www.bridgewaycapital.org
Who is the CEO of Bridgeway Capital Inc?
Thomas Bogdewic is the CEO of Bridgeway Capital Inc The CEO's salary of Bridgeway Capital Inc is $216,055 and their total compensation is $267,695.
Official website here: www.bridgewaycapital.org
What is the revenue of Bridgeway Capital Inc?
Bridgeway Capital Inc's revenue in 2024 was $17,475,898.
Official website here: www.bridgewaycapital.org
Who are the executives of Bridgeway Capital Inc and what are their salaries?
The average compensation at Bridgeway Capital Inc during 2024 was $66,518. There are 44 employees and 20 volunteers at Bridgeway Capital Inc.
Here are 24 key members and their salaries (Bridgeway Capital Inc's CEO's salary is $216,055 and their total compensation is $267,695):
- Compensation: $216,055
- Related: $0
- Other: $51,640
- Compensation: $0
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- Other: $0
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- Compensation: $175,970
- Related: $0
- Other: $34,923
- Compensation: $122,292
- Related: $0
- Other: $38,398
- Compensation: $119,092
- Related: $0
- Other: $35,380
- Compensation: $128,483
- Related: $0
- Other: $29,159
- Compensation: $123,463
- Related: $0
- Other: $19,052
- Compensation: $115,775
- Related: $0
- Other: $24,408
- Compensation: $104,065
- Related: $0
- Other: $16,903
Official website here: www.bridgewaycapital.org
Where can I find the form 990 for Bridgeway Capital Inc?
Bridgeway Capital Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bridgewaycapital.org
Learn more at the official website: www.bridgewaycapital.org
Mission Statement of Bridgeway Capital Inc
Bridgeway Capital Inc is committed to combating injustices and advancing opportunities by building capacity, investing capital, and developing underserved areas. Their mission is to foster business growth and revitalize places in low- to moderate-income communities. This nonprofit organization achieves this by providing loans to small businesses and nonprofit organizations, helping to create or retain jobs. Their lending activities have benefited low-income individuals and assisted in the formation and expansion of various businesses and organizations. Bridgeway Capital Inc's work has leveraged additional financing, totaling $34.5 million, further supporting the growth and development of these communities. By focusing on building capacity, investing capital, and revitalizing places, Bridgeway Capital Inc plays a significant role in promoting opportunities and combating injustices in underserved areas.
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Impact
October, 2024
Bridgeway Capital Inc plays a significant role in combating injustices and advancing opportunities for underserved communities. By providing crucial lending services, they empower low-income individuals and foster the growth of small businesses in low- to moderate-income areas across 15 counties in Western Pennsylvania and parts of Northern West Virginia and Eastern Ohio.
In recent efforts, Bridgeway Capital Inc has facilitated loans totaling $23.5 million to 101 borrowers. This financial support not only stimulates local economies but also leverages an additional $34.5 million in financing. Their borrowers range from aspiring entrepreneurs launching their first businesses to established companies expanding their operations, as well as nonprofits delivering essential social services and organizations focused on community revitalization.
The economic impact of Bridgeway’s work is substantial, with projections indicating the creation or retention of 683 jobs. This fostering of economic growth and community improvement is a testament to their commitment to building capacity and developing underserved areas, making a meaningful difference in the livelihoods of many individuals and families in the region.
This information is meant to be a general summary of Bridgeway Capital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,025,818
- Program Service Revenue: $5,327,555
- Gross Receipts: $21,343,486
Assets and Liabilities:
- Total Assets: $100,800,088
- Total Liabilities: $47,517,823
- Net Assets: $53,282,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PROGRAM INTEREST
Revenue
$5,008,298
LOAN PROGRAM FEES
Revenue
$255,152
CBA/MONMADE PROGRAM REVENUE
Revenue
$64,105
Organization Details
Founding Year
1990
Principal Officer
Thomas J Bogdewic
Website
www.bridgewaycapital.orgNTEE Category
Code: S400 - Community improvement
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