Overview
What is Brightbridge Inc?
Brightbridge Inc, located in Chattanooga, Tennessee, serves as a 501(c)(3) organization, dedicating its efforts towards promoting economic development. They achieve this goal by offering business loans and providing technical assistance to small and startup companies. These loans can be utilized for various purposes, such as financing working capital needs, purchasing equipment, or expanding projects. With a team of 19 dedicated individuals, Brightbridge Inc aims to support the growth and success of local businesses, contributing positively to the community's economic landscape.
Official website here: www.brightbridgeinc.org
Is Brightbridge Inc legitimate?
Brightbridge Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brightbridge 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.
Here are some key statistics you may want to consider:
Executive Compensation: $704,035
Professional Fundraising Fees: $0
Other Salaries and Wages: $867,174
For more financial information, click here
What is the mission statement of Brightbridge Inc?
Brightbridge Inc, a 501(c)(3) organization, is dedicated to promoting economic development. They achieve this by providing loans and offering technical assistance to businesses. The primary objective of Brightbridge Inc is to assist in business financing and offer technical support, thereby contributing to economic growth. Through the SBA Community Advantage program, they offer loans to small and startup businesses, helping them meet working capital needs, purchase equipment, or finance expansion projects. These loans are repaid using the business's cash flows.
Official website here: www.brightbridgeinc.org
Who is the CEO of Brightbridge Inc?
Bill Pollard is the Director of Brightbridge Inc. The CEO's salary of Brightbridge Inc is $202,234 and their total compensation is $224,072.
Official website here: www.brightbridgeinc.org
What is the revenue of Brightbridge Inc?
Who are the executives of Brightbridge Inc and what are their salaries?
The average compensation at Brightbridge Inc during 2023 was $82,695. There are 19 employees and 15 volunteers at Brightbridge Inc.
Here are 18 key members and their salaries (Brightbridge Inc's CEO's salary is $202,234 and their total compensation is $224,072):
- Bill Pollard (President & Ceo) [Trustee/Director]
- Monica Blanton (Senior Vice President)
- Mike Matousek (Senior Vice President)
- Mike Howard (Vice-President)
- Miguel Partap (Treasurer)
- Les Roddy (Director)
- Jack Sample (Director)
- Clem Renfro (Chairman) [Trustee/Director]
- Jim Callihan (Director)
- Angela Conner (Director)
- Gary Petty (Director)
- Lindsay Frilling (Director)
- Jeff Land (Director)
- Michael Owens (Director)
- Abby Garrison (Director)
- Kirk Goehring (Director)
- Bob Cantler (Director)
- Ryan Murphy (Director)
Official website here: www.brightbridgeinc.org
Where can I find the form 990 for Brightbridge Inc?
The Brightbridge Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.brightbridgeinc.org
Learn more at the official website: www.brightbridgeinc.org
Mission Statement of Brightbridge Inc
Brightbridge Inc, a 501(C)(3) organization, is dedicated to promoting economic development in its mission. It achieves this goal by providing business financing and technical assistance. The organization's mission is to facilitate economic growth by offering loans to small and startup businesses. These loans, obtained through the SBA Community Advantage program, are utilized for various purposes, such as financing working capital needs, purchasing equipment, or funding expansion projects. The repayment of these loans is facilitated by the cash flows generated by the businesses themselves. By offering these financial and technical assistance services, Brightbridge Inc plays a pivotal role in supporting the growth and success of businesses, thereby contributing to overall economic development.
Impact
This information is meant to be a general summary of Brightbridge Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Brightbridge Inc's impact is seen through its promotion and assistance of economic development by providing loans and technical assistance to small and startup businesses in Chattanooga, TN. By offering SBA Community Advantage loans, Brightbridge Inc helps these businesses finance working capital needs, equipment purchases, and expansion projects. Through this support, Brightbridge Inc contributes to community improvement and the growth of local businesses, ultimately playing a vital role in fostering economic development in the region.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTERST INCOME
Revenue
$5,034,216
MANAGEMENT FEES
Revenue
$1,025,746
LOAN FEES
Revenue
$455,702
SERVICING FEES
Revenue
$409,240
Organization Details
Founding Year
1981
Phone
(423) 424-4220
Principal Officer
Bill Pollard
Main Address
506 BROAD STREET, CHATTANOOGA, TN, 37402
Website
www.brightbridgeinc.org
NTEE Category
Code: S43Z - Community improvement
If you are a representative of Brightbridge Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.