Overview
What is Bridges Foundation Inc?
Bridges Foundation Inc, located in Memphis, Tennessee, operates as a supporting organization, solely dedicated to aiding and furthering the objectives of Youth Education through Bridges, U.S.A., Inc. This foundation's primary mission is to provide financial backing for the non-profit initiatives of Bridges USA, Inc., primarily focusing on educational programs for youth. Based in the city center of Memphis, the foundation's purpose is to ensure the continued success and growth of these educational initiatives, thereby contributing to the overall development of the younger generation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 73% score, Two-Star out of Four Star rating. The Bridges Foundation Inc has received a mixed rating, indicating there are areas for growth and enhancement. While the organization demonstrates strong governance with a fully independent board and effective monitoring of its assets, the overall rating suggests that there are additional factors affecting its effectiveness and transparency.
Strengths include a perfect score for its independent board members and size, as well as solid performance in documenting board meeting minutes. The organization also shows financial responsibility, as evidenced by a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of its funds is directed towards its mission-related activities. These strengths reflect positively on the foundation's commitment to maintaining accountability and financial health.
However, despite these strengths, the two-star rating indicates that there are still aspects of the organization that require attention and improvement. Stakeholders may want to look into specific areas that contributed to the overall score, as there may be operational inefficiencies or challenges that the organization is facing. Overall, while Bridges Foundation Inc shows promise and accountability, it is crucial for them to address the identified areas for improvement to enhance their impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Bridges Foundation Inc legitimate?
Bridges Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridges Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bridges Foundation Inc?
The Bridges Foundation Inc's mission is centered around providing educational programs for youth. Its primary role is to support the non-profit activities of Bridges USA, Inc. This foundation operates with the sole aim of advancing youth education, contributing to its parent organization's purpose effectively. The Foundation is structured as a supporting organization, specifically a Type II supporting organization under Section 509(A)(1) or Section 509(A)(2), dedicated entirely to furthering the cause of youth education through Bridges, USA, Inc.
Who is the CEO of Bridges Foundation Inc?
Anne Dixon is the Trustee of Bridges Foundation Inc.
What is the revenue of Bridges Foundation Inc?
Bridges Foundation Inc's revenue in 2022 was $523,150.
Who are the executives of Bridges Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $93,446
- Other: $14,318
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bridges Foundation Inc?
Bridges Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bridges Foundation Inc
Bridges Foundation Inc, as stated in its mission, primarily exists to support the educational programs of Bridges USA, Inc. This foundation's sole purpose is to fund non-profit activities that contribute to youth education, aligning itself with Bridges USA, Inc.'s objectives. Operating as a type II supporting organization, Bridges Foundation Inc is dedicated to aiding and furthering the cause of youth education through Bridges USA, Inc. By providing financial assistance and resources, this foundation plays a significant role in supporting the broader mission of youth education.
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Impact
July, 2024
Bridges Foundation Inc's impact lies in providing educational programs for youth, specifically aiming to assist in funding the nonprofit activities of Bridges USA, Inc. By supporting youth education initiatives, the foundation plays a crucial role in empowering young individuals and helping them access valuable educational opportunities. Through its support, Bridges Foundation Inc contributes to the overall growth, development, and success of the youth involved in Bridges USA's programs, ultimately making a positive difference in their lives and the community as a whole.
This information is meant to be a general summary of Bridges Foundation 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: $533,096
- Gross Receipts: $795,321
Assets and Liabilities:
- Total Assets: $19,720,605
- Total Liabilities: $999,708
- Net Assets: $18,720,897
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Organization Details
Founding Year
1988
Phone
(901) 452-5600Principal Officer
Anne Dixon
Main Address
477 N FIFTH STREET, MEMPHIS, TN, 38105
NTEE Category
Code: B12 - Education
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