Building Bridges FY2023 filing

Tax-deductible

Troy, MI501(c)(3)Youth DevelopmentEIN 38-3489204Revenue $288K in FY2023

On file with the IRS3475 Dorothea CT, 48084-2639 · Troy, MITax-exempt since Nov 1999Publicly supported charity — 170(b)(1)(A)(vi)

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To inspire children to believe in themselves by connecting them with caring adults and providing them with high school scholarships.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $33K a year · 10% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $144K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$99K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$288K
+10% vs prior year
Spent
$243K
To programs
83%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$288K
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$345K
FY2021$328K
FY2022$260K
FY2023$288K
FY2024$322K
FY2025$338K
Expenses
$243K
FY2023▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$306K
FY2021$271K
FY2022$277K
FY2023$243K
FY2024$279K
FY2025$309K
Net assets
$1.0M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.0M
FY2023$1.0M
FY2024$1.1M
FY2025$1.2M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $201K Management & general 17% · $43K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President T
$0Pt VII · Sec A
See Building Bridges executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects children with caring adults and provides scholarships to inspire self-belief.

Provided by the organization

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1 program · $201K · in their own filed words · FY2023
01

Provided high school scholarships to 31 students so that they may better their education and better the community.

$201Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$144K
See all 3 funders →
Grants paid · 6 grants · $1.5M · 2020–2025
Unitemized GrantFY2025$267,429
Unitemized GrantFY2024$238,063
Unitemized GrantFY2023$200,853
Unitemized GrantFY2022$236,432
Unitemized GrantFY2021$263,000
Unitemized GrantFY2020$304,258

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$288K
Ln 12
Gifts and grantsLn 1h$237K
Investment incomeLn 3$57K
Money outPt IX
$243K
Ln 25
Programscol B$201K
Managementcol C$43K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$241K
Total assetsLn 16$1.1M
LiabilitiesLn 26$99K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$237K
Investment incomeLn 3$57K
Gains on assetsLn 7$23K
Total revenueLn 12$288K
Assets in detailPt X, end of year
CashLn 1$163K
SavingsLn 2$78K
Cash and savings togetherLn 1–2$241K
InvestmentsLn 11–13$859K
Total assetsLn 16$1.1M
LiabilitiesLn 26$99K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$131K$241K
InvestmentsLn 11–13$886K$859K
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$116K$99K
Net assetsLn 32$901K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$201K$201K
Other fees for servicesLn 11g$43K$43K
Total functional expensesLn 25$243K$201K$43K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $338K$309K$29K$1.2M 990 PDF
FY2024 $322K$279K$42K$1.1M 990 PDF
FY2023 Viewing $288K$243K$44K$1.0M 990 PDF
FY2022 $260K$277K−$16K$1.0M 990 PDF
FY2021 $328K$271K$57K$1.1M 990 PDF
FY2020 $345K$306K$39K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $287,580 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $235,162$236,705
I-9 Program service revenue$0
I-10 Investment incomePrior year $22,117$57,224
I-11 Other revenuePrior year $3,190−$6,349
I-12 Total revenuePrior year $260,469$287,580
I-13 Grants and similar amounts paidPrior year $236,432$200,853
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $40,536$42,578
I-18 Total expensesPrior year $276,968$243,431
I-19 Revenue less expensesPrior year −$16,499$44,149
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $287,580 across 6 lines filed
VIII-1f All other contributions, gifts and grants$236,705
VIII-1h Total contributions, gifts and grants$236,705
VIII-3 Investment incomeExcluded from tax $34,540$34,540
VIII-7 Net gain or loss on sales of assetsExcluded from tax $22,684$22,684
VIII-8 Net income from fundraising eventsExcluded from tax −$6,349−$6,349
VIII-12 Total revenueExcluded from tax $50,875$287,580
Part IX · Statement of functional expenses $243,431 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $200,853$200,853
IX-11g Other fees for servicesManagement $42,578$42,578
IX-25 Total functional expensesPrograms $200,853 · Management $42,578 · Fundraising $0$243,431
Part X · Balance sheet $1,099,400 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $20,180$162,637
X-2 Savings and temporary cash investmentsStart of year $110,807$77,873
X-11 Publicly traded securitiesStart of year $886,073$858,890
X-16 Total assetsStart of year $1,017,060$1,099,400
X-18 Grants payableStart of year $116,408$98,753
X-26 Total liabilitiesStart of year $116,408$98,753
X-27 Net assets without donor restrictionsStart of year $900,652$1,000,647
X-32 Total net assets or fund balancesStart of year $900,652$1,000,647
X-33 Total liabilities and net assetsStart of year $1,017,060$1,099,400
Part XI · Reconciliation of net assets $1,000,647 net assets at year end
XI-1 Total revenue$287,580
XI-2 Total expenses$243,431
XI-3 Revenue less expenses$44,149
XI-4 Net assets at start of year$900,652
XI-5 Net unrealized gains (losses) on investments$55,846
XI-10 Net assets at end of year$1,000,647

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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