Overview
What is Bridging Virginia?
Bridging Virginia is a nonprofit organization situated in Richmond, Virginia, specifically at 1717 E Cary Street, 23223. Their primary objective is to support largely minority-owned small businesses in Virginia by offering them access to affordable loan capital and financial services. With a small workforce of one individual, Bridging Virginia aims to contribute to the economic growth and development of the minority business community in Virginia, thereby promoting financial inclusivity and economic empowerment.
Official website here: www.bridgingvirginia.org
Is Bridging Virginia legitimate?
Bridging Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridging Virginia 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: $150,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,666
For more financial information, click here
Official website here: www.bridgingvirginia.org
What is the mission statement of Bridging Virginia?
Bridging Virginia, an organization aimed at supporting small businesses, has a mission to assist largely minority-owned enterprises in Virginia. They accomplish this by providing them with affordable loan capital and financial services. By doing so, Bridging Virginia strives to contribute to the growth and stability of these businesses, thereby fostering economic development and empowerment within the community. The organization's activities are focused on bridging the financial gap for minority-owned businesses, thereby promoting equitable opportunities for entrepreneurship.
Official website here: www.bridgingvirginia.org
What is the revenue of Bridging Virginia?
Bridging Virginia's revenue in 2023 was $884,884.
Official website here: www.bridgingvirginia.org
Who are the executives of Bridging Virginia and what are their salaries?
The average compensation at Bridging Virginia during 2023 was $103,333. There are 2 employees and 1 volunteer at Bridging Virginia.
Here are 6 key members and their salaries:
- Compensation: $150,000
- Related: $0
- Other: $4,944
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bridgingvirginia.org
Where can I find the form 990 for Bridging Virginia?
Bridging Virginia's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bridgingvirginia.org
Learn more at the official website: www.bridgingvirginia.org
Mission Statement of Bridging Virginia
Bridging Virginia, a notable organization, is committed to supporting largely minority-owned small businesses in Virginia. Their primary mission is to bridge the gap in access to affordable loan capital and financial services for these businesses. By providing such resources, Bridging Virginia aims to empower these entrepreneurial ventures and contribute to their growth and success. The organization's activities are geared towards promoting economic equality and fostering a thriving business community across Virginia.
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Impact
July, 2024
Bridging Virginia's impact lies in supporting largely minority-owned small businesses in Virginia by providing access to affordable loan capital and financial services. This initiative directly contributes to the growth and sustainability of these businesses, ultimately fostering economic development and empowerment within the local community. Through their efforts, Bridging Virginia helps bridge the gap in financial resources and opportunities, enabling minority entrepreneurs to thrive and contribute positively to the economy of Virginia.
This information is meant to be a general summary of Bridging Virginia. 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.
- Investment Income: $3,011
- Program Service Revenue: $81,278
- Gross Receipts: $884,884
Assets and Liabilities:
- Total Assets: $763,558
- Total Liabilities: $218,864
- Net Assets: $544,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING INCOME
Revenue
$65,000
LOAN INTEREST
Revenue
$11,462
LOAN ORIGINATION FEES
Revenue
$4,816
Organization Details
Founding Year
2020
Principal Officer
Leah Fremouw
Website
www.bridgingvirginia.orgNTEE Category
Code: S12 - Community improvement
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