Overview
What is Bridge Thrift Center Nfp?
Bridge Thrift Center Nfp is a nonprofit organization situated in Orland Park, Illinois. Their primary mission involves selling donated goods to generate revenue, which is then utilized for various community programs. This revenue supports job readiness training initiatives, providing individuals with essential skills. Furthermore, the organization coordinates funding for various community projects in collaboration with the Bridge Teen Center. Additionally, Bridge Thrift Center Nfp ensures the provision of supplies and materials required for these activities. With a team of 35 dedicated individuals, the nonprofit's work revolves around contributing to the local community and promoting personal development through job training programs.
Official website here: www.thebridgeteencenter.org/thrift
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating.
Bridge Thrift Center Nfp has been evaluated with a score of 66%, reflecting a Two-Star rating, primarily based on its Accountability & Finance metrics. The charity demonstrates strong governance with an entirely independent board and a solid financial audit, indicating good management of funds. The program expense ratio is notably high at 95.36%, suggesting that the majority of its resources are directed towards its mission-driven activities.
However, there are several areas where Bridge Thrift Center Nfp falls short. The organization has not established a Whistleblower Policy or a Document Retention and Destruction policy, which are important for transparency and accountability. Additionally, the financial health is a concern as indicated by a liabilities to assets ratio of 82.89%, which could suggest financial vulnerability.
While the charity does well in certain aspects of governance and program spending, the missing policies and high liabilities highlight the need for improvement. Prospective donors may want to consider these factors when evaluating the impact and sustainability of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Bridge Thrift Center Nfp legitimate?
Bridge Thrift Center Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridge Thrift Center Nfp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $275,938
For more financial information, click here
Official website here: www.thebridgeteencenter.org/thrift
What is the mission statement of Bridge Thrift Center Nfp?
The mission of Bridge Thrift Center Nfp, in essence, revolves around selling donated goods to generate revenue. This revenue is then utilized for providing job readiness training and supplying materials related to these activities. By doing so, the center aims to contribute to the community in various ways. The sales revenue not only funds the organization's programs but also supports community service initiatives. Furthermore, Bridge Thrift Center Nfp collaborates with other community programs, such as the Bridge Teen Center, providing them with necessary supplies and materials.
Official website here: www.thebridgeteencenter.org/thrift
Who is the CEO of Bridge Thrift Center Nfp?
Priscilla Steinmetz is the President of Bridge Thrift Center Nfp.
Official website here: www.thebridgeteencenter.org/thrift
What is the revenue of Bridge Thrift Center Nfp?
Bridge Thrift Center Nfp's revenue in 2023 was $700,169.
Official website here: www.thebridgeteencenter.org/thrift
Who are the executives of Bridge Thrift Center Nfp and what are their salaries?
The average compensation at Bridge Thrift Center Nfp during 2023 was $7,884. There are 35 employees and 10 volunteers at Bridge Thrift Center Nfp.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thebridgeteencenter.org/thrift
Where can I find the form 990 for Bridge Thrift Center Nfp?
Bridge Thrift Center Nfp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thebridgeteencenter.org/thrift
Learn more at the official website: www.thebridgeteencenter.org/thrift
Mission Statement of Bridge Thrift Center Nfp
Bridge Thrift Center Nfp serves a unique purpose in its mission. The organization primarily sells donated goods to generate revenue, which is then utilized for various job readiness training programs and the provision of necessary supplies and materials related to these initiatives. By leveraging the sales of donated items, Bridge Thrift Center Nfp is able to fund and sustain its community service programs. Furthermore, the revenue generated from these sales also supports several community programs in collaboration with the Bridge Teen Center. The organization's initiatives are not limited to job readiness training; they extend to various community programs, ensuring that the necessary supplies and materials are readily available.
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Impact
July, 2024
Bridge Thrift Center's impact is significant in providing job readiness training and community service programs through the sale of donated goods. By generating revenue from these sales, they are able to fund various community programs in coordination with the Bridge Teen Center. Additionally, the organization supplies materials and resources needed for these programs, contributing to the overall development and support of individuals in need within the community. Their focus on human services underscores their commitment to making a positive difference in the lives of those they serve.
This information is meant to be a general summary of Bridge Thrift Center Nfp. 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 2023.
- Program Service Revenue: $580,934
- Gross Receipts: $700,169
Assets and Liabilities:
- Total Assets: $908,407
- Total Liabilities: $752,985
- Net Assets: $155,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES
Revenue
$580,934
Organization Details
Founding Year
2015
Phone
(708) 614-6972Principal Officer
Priscilla Steinmetz
Main Address
15605 S 71ST COURT, ORLAND PARK, IL, 60462
NTEE Category
Code: P12 - Human services
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