Bridge Forward Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 863858640 ✦ Boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is Bridge Forward Fund Inc?

Bridge Forward Fund Inc, based in Boston, Massachusetts, is a nonprofit organization with a mission to assist individuals and families experiencing financial hardship. They offer multi-year financial and coaching support, aiming to propel these individuals toward stability and wealth building. Their efforts encompass various expenses such as housing, utilities, education, and health-related costs, supporting approximately 35 families in need. The organization has a small team of dedicated professionals, with only one employee currently listed.

Is Bridge Forward Fund Inc legitimate?

Bridge Forward Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridge Forward Fund 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: $125,001
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Bridge Forward Fund Inc?

Bridge Forward Fund Inc., as an economic mobility organization, aims to assist individuals and families facing financial hardship by providing them with multi-year financial and coaching support. This support is intended to propel them on a journey towards financial stability and wealth building. The organization has supported around 35 families, helping cover essential expenses such as housing, utilities, education, and health-related costs.

Who is the CEO of Bridge Forward Fund Inc?

Luisa Pena Lyons is the Director of Bridge Forward Fund Inc.

What is the revenue of Bridge Forward Fund Inc?

Bridge Forward Fund Inc's revenue in 2022 was $238,485.

Who are the executives of Bridge Forward Fund Inc and what are their salaries?

The average compensation at Bridge Forward Fund Inc during 2022 was $125,001. There is 1 employee and 5 volunteers at Bridge Forward Fund Inc.


Here are 7 key members and their salaries:


Heather Caryn Catherwood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sibusisiwe Malaba (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Derek Yeh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Abdi Ali (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luisa Pena Lyons (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gloribel Beatriz Rivas (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Jaquez (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Bridge Forward Fund Inc?

Bridge Forward Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Bridge Forward Fund Inc

Bridge Forward Fund, an economic mobility organization, is dedicated to assisting individuals and families grappling with financial hardship. Their mission is to provide these individuals with multi-year financial and coaching support, aiming to propel them towards financial stability and wealth building. By offering this comprehensive support, Bridge Forward Fund aims to help these families overcome their financial challenges and secure a more prosperous future.

In practice, Bridge Forward Fund has supported approximately 35 families facing financial difficulties. They have covered various expenses, such as housing, utilities, education, and health-related costs, providing these families with the vital financial assistance they need to stabilize their lives. By offering this continuous support and guidance, Bridge Forward Fund empowers these families to take control of their financial situations and work towards building long-term wealth.

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Impact




October, 2024

Bridge Forward Fund Inc actively transforms the lives of individuals and families facing financial hardship by providing essential multi-year financial support and coaching. By offering assistance toward housing, education, health-related expenses, and utilities, the Fund directly impacts the stability and well-being of approximately 35 families in the Boston area. Through its mission, it enables participants to build wealth and achieve long-term financial stability, fostering a pathway out of poverty and empowering them to secure a better future. The Fund's holistic approach not only addresses immediate needs but also equips families with the tools and knowledge necessary for sustainable financial management.




This information is meant to be a general summary of Bridge Forward Fund 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.

Revenue
$238,485 (2022)
Expenses
$249,501 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $238,485

Assets and Liabilities:

  • Total Assets: $30,256
  • Total Liabilities: $0
  • Net Assets: $30,256

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Organization Details

Founding Year

2021

Principal Officer

Luisa Pena Lyons

Main Address

75 State St STE 16, Boston, MA, 02109

NTEE Category

Code: T12 - Philanthropy

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