Overview
What is The Bridgespan Group Inc?
The Bridgespan Group Inc, located in Boston, Massachusetts, serves as a bridge between philanthropists, foundations, and impact investors, and mission-driven organizations. With a staff of 407 individuals, they focus on enhancing the effectiveness of these impact-seeking entities by collaborating on social change strategies and connecting them with nonprofit leaders striving to address major societal challenges and opportunities. The Bridgespan Group's mission is to strengthen the capabilities of these organizations and philanthropists to produce transformative outcomes. In 2022, they worked closely with various ambitious philanthropists, institutional philanthropies, and impact investors seeking substantial social returns on their investments.
Official website here: www.bridgespan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
The Bridgespan Group Inc has achieved a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's score is based entirely on its accountability practices, indicating a high level of transparency and responsible management of its resources. Notably, the organization has an impressive ratio of program expenses to total expenses, ensuring that a significant portion of its funding directly supports its mission.
Strengths of The Bridgespan Group include a fully independent board, effective oversight committees, and comprehensive policies regarding conflicts of interest and whistleblower protections. Moreover, the organization demonstrates no material diversion of assets and exhibits excellent financial health, with a low liabilities to assets ratio and strong working capital position, which suggests sustainability and operational efficiency.
While the financial metrics are robust, the sole focus on accountability and finance may limit the rating’s scope regarding programmatic impact. Nonetheless, the available data indicates that The Bridgespan Group is effectively utilizing its resources to fulfill its mission while maintaining a high standard of governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Bridgespan Group Inc legitimate?
The Bridgespan Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bridgespan Group 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: $3,910,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,164,387
For more financial information, click here
Official website here: www.bridgespan.org
What is the mission statement of The Bridgespan Group Inc?
The Bridgespan Group Inc is dedicated to enhancing the capabilities of mission-focused organizations and philanthropists in creating significant outcomes to tackle society's most pressing challenges and opportunities. Bridging the gap between philanthropists' social change strategies and the practical efforts of nonprofit leaders is a primary objective of the organization. In 2022, Bridgespan had the privilege of collaborating with numerous ambitious philanthropists and institutional philanthropies, as well as impact investors, to find effective ways to generate substantial impact through their giving and investments. The organization aims to serve as a bridge, linking the visions of impact-driven philanthropists with the on-the-ground work of nonprofit leaders.
Official website here: www.bridgespan.org
Who is the CEO of The Bridgespan Group Inc?
William Foster is the President of The Bridgespan Group Inc.
Official website here: www.bridgespan.org
What is the revenue of The Bridgespan Group Inc?
The Bridgespan Group Inc's revenue in 2022 was $102,484,601.
Official website here: www.bridgespan.org
Who are the executives of The Bridgespan Group Inc and what are their salaries?
The average compensation at The Bridgespan Group Inc during 2022 was $125,491. There are 407 employees and 11 volunteers at The Bridgespan Group Inc.
Here are 31 key members and their salaries:
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- Compensation: $505,065
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- Other: $30,618
- Compensation: $500,780
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- Other: $66,155
- Compensation: $349,728
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- Other: $45,056
- Compensation: $287,242
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- Other: $63,613
- Compensation: $264,885
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- Other: $62,316
- Compensation: $355,842
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- Other: $43,362
- Compensation: $342,604
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- Other: $66,730
- Compensation: $370,942
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- Other: $42,772
- Compensation: $333,756
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- Other: $63,916
- Compensation: $317,171
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- Other: $63,849
- Compensation: $336,275
- Related: $0
- Other: $43,559
- Compensation: $317,171
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- Other: $63,805
- Compensation: $356,585
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- Other: $64,708
- Compensation: $359,807
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- Other: $36,709
- Compensation: $310,924
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- Other: $68,296
- Compensation: $331,004
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- Other: $42,696
- Compensation: $324,144
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- Other: $63,835
- Compensation: $184,577
- Related: $0
- Other: $60,686
Official website here: www.bridgespan.org
Where can I find the form 990 for The Bridgespan Group Inc?
The Bridgespan Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bridgespan.org
Learn more at the official website: www.bridgespan.org
Mission Statement of The Bridgespan Group Inc
The Bridgespan Group Inc, a mission-driven organization, strives to fortify the capabilities of social impact organizations and philanthropists in achieving groundbreaking outcomes as they tackle society's most pressing challenges and opportunities. By bridging the gap between philanthropists, foundations, and impact investors with the on-the-ground work of nonprofit leaders, Bridgespan empowers these entities to make a significant difference.
In their quest to advance philanthropy, Bridgespan has had the privilege of collaborating with numerous ambitious philanthropists, foundations, and impact investors, helping them shape their social change strategies. Additionally, they have worked closely with grantees in philanthropy portfolios, ensuring that their efforts align with their goals for large-scale impact. In 2022, Bridgespan had the opportunity to partner with several visionary philanthropists and institutional philanthropies, guiding them in their search for effective ways to create lasting change with their giving and collaborating with impact investors seeking a notable social return on their investments.
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Impact
October, 2024
The Bridgespan Group Inc significantly enhances the effectiveness of mission-driven organizations and philanthropists by equipping them with the tools and strategies necessary to achieve transformative results. By focusing on philanthropy as a crucial driver of social impact, Bridgespan collaborates with both individual philanthropists and foundations to refine their social change initiatives, ensuring their contributions lead to substantial, long-lasting benefits in communities.
In 2022, Bridgespan worked closely with visionary philanthropists and institutional funders, helping them to identify and implement impactful giving strategies that align with their goals. This collaboration extends to grantees within philanthropy portfolios, fostering a seamless connection between the intentions of investors and the practical needs of the organizations they support. By bridging the gap between funding and execution, Bridgespan amplifies the potential for large-scale societal change, ultimately strengthening the nonprofit sector's ability to tackle pressing challenges head-on.
This information is meant to be a general summary of The Bridgespan Group 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 2022.
- Investment Income: $337,873
- Program Service Revenue: $62,659,873
- Gross Receipts: $102,484,601
Assets and Liabilities:
- Total Assets: $204,720,602
- Total Liabilities: $29,429,821
- Net Assets: $175,290,781
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADVANCING PHILANTHROPY
Revenue
$32,639,043
STRATEGY ADVISORY SERVICES
Revenue
$27,509,367
LEADERSHIP
Revenue
$2,511,463
Organization Details
Founding Year
1998
Phone
(617) 572-2833Principal Officer
William Foster
Main Address
2 COPLEY PLACE 3700B, BOSTON, MA, 02116
Website
www.bridgespan.orgNTEE Category
Code: S50 - Community improvement
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