Overview
What is Bridges Impact Foundation?
Bridges Impact Foundation, based in Boston, Massachusetts, is a nonprofit organization devoted to fostering and supporting impact investing, social entrepreneurship, and innovative funding mechanisms. In 2022, they sponsored two programs: Impact Frontiers and the Turner MBA Impact Investing Network and Training (MIINT). Impact Frontiers offered its impact management program to investors globally, launched a new website for community involvement, and initiated consensus-building projects in areas lacking standards. The MIINT, a multi-university course on impact investing, returned to in-person competition at the University of Pennsylvania's Wharton School of Business. With a team of 5 dedicated individuals, Bridges Impact Foundation aims to create educational forums, conduct research, and develop collaborations to effect social change.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
Bridges Impact Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization scored 90% in the Accountability & Finance category, indicating effective management of resources and a commitment to transparency. The high score is primarily due to the presence of an independent board and sound financial practices.
Key strengths include an independent board comprising 100% independent members, a robust audit and oversight committee, and adherence to conflict of interest and whistleblower policies. The organization has shown a low liabilities to assets ratio of 20.54%, which suggests financial stability, and a program expense ratio of 80.68%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs.
While the rating is very positive, it is important to maintain a critical perspective on any organization. The data does not provide information on the specific programs or outcomes of Bridges Impact Foundation, which could offer deeper insight into its overall effectiveness and impact on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Bridges Impact Foundation legitimate?
Bridges Impact Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridges Impact Foundation 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: $171,652
Professional Fundraising Fees: $0
Other Salaries and Wages: $289,102
For more financial information, click here
What is the mission statement of Bridges Impact Foundation?
The Bridges Impact Foundation's mission is centered around fostering and supporting the development of impact investing, social entrepreneurship, and innovative funding mechanisms to bring about social change. This is achieved through various activities, such as organizing educational forums, workshops, and programs, conducting and disseminating research, and promoting collaborations and field-based programs. The foundation aims to facilitate learning and innovation in the field to effectively address social issues.
Who is the CEO of Bridges Impact Foundation?
Michael Mccreless is the President of Bridges Impact Foundation.
What is the revenue of Bridges Impact Foundation?
Bridges Impact Foundation's revenue in 2022 was $1,189,557.
Who are the executives of Bridges Impact Foundation and what are their salaries?
The average compensation at Bridges Impact Foundation during 2022 was $92,151. There are 5 employees and 6 volunteers at Bridges Impact Foundation.
Here are 7 key members and their salaries:
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- Compensation: $165,000
- Related: $0
- Other: $6,600
Where can I find the form 990 for Bridges Impact Foundation?
Bridges Impact Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bridges Impact Foundation
Bridges Impact Foundation is dedicated to fostering and supporting the development of impact investing, social entrepreneurship, and innovative funding mechanisms to drive social change. The organization achieves this mission through various activities, including organizing educational forums, trainings, workshops, and programs. These initiatives aim to equip individuals and organizations with the necessary knowledge and skills to effectively utilize these funding mechanisms for social good.
In addition to educational endeavors, Bridges Impact Foundation also conducts and disseminates research in this field. They collect, support, publish, and disseminate data on impact investing and social entrepreneurship, contributing to the broader understanding of these concepts and their effectiveness in promoting social change. Furthermore, the foundation develops and promotes collaborations, relationships, and field-based programs to facilitate the sharing of best practices and resources among organizations working towards similar goals.
By engaging in these activities, Bridges Impact Foundation seeks to support the growth and impact of impact investing, social entrepreneurship, and other innovative funding mechanisms. Their ultimate objective is to leverage these tools to drive meaningful social change and improve the lives of people and communities around the world.
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Impact
July, 2024
Bridges Impact Foundation fosters and supports the development of impact investing, social entrepreneurship, and other innovative funding mechanisms to effect social change. Through educational forums, trainings, workshops, research initiatives, and collaborations, the foundation plays a pivotal role in advancing these fields. In 2022, the foundation sponsored programs such as Impact Frontiers and the MBA Impact Investment Network and Training (The Turner MIINT), reaching investors globally and pioneering new projects to enhance impact management practices. The Turner MIINT, in partnership with the University of Pennsylvania's Wharton School of Business, continues to be a leading multi-university course on impact investing, fostering knowledge and expertise in this area worldwide. By driving initiatives like these, Bridges Impact Foundation is making a significant impact in promoting socially responsible investing and entrepreneurship for the betterment of communities worldwide.
This information is meant to be a general summary of Bridges Impact Foundation. 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.
- Program Service Revenue: $659,513
- Gross Receipts: $1,189,557
Assets and Liabilities:
- Total Assets: $773,665
- Total Liabilities: $158,971
- Net Assets: $614,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$659,513
Organization Details
Founding Year
2016
Phone
(212) 380-5509Principal Officer
Michael Mccreless
Main Address
125 HIGH STREET 220, BOSTON, MA, 02110
NTEE Category
Code: T50 - Philanthropy
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