Digital Bridge INC EIN 46-5178962 Form 990 (PDF) Claim this org

Digital Bridge INC

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Provides digital resources to under-served individuals and groups. For fiscal year 2024 it reported $2.1M in revenue, $2.0M in expenses, and $309K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Milwaukee, WI
Website
www.digitalbridge.ngo
Filings
5 on file (2020–2024)
Revenue
$2.1MFY2024
Expenses
$2.0M
Net assets
$309K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-5178962 Public charity (501(c)(3)) Milwaukee, WI
Form 990 (PDF)
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Figures match the IRS filing checked 9/3/26 · see original: IRS
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Size
$1–10M
What they do
Provides digital resources to under-served individuals and groups.
Leadership
Jeff Hanson · President · $79K
Money in and out
$2.1M revenue, $2.0M expenses
Bottom line
90% program efficiency
Where the money goes · FY2024
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$309K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $126K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.07 Fundraising $0.02
Program efficiency
90%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate▼ -95% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +227% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.1M
FY2024▲ +22%
Expenses
$2.0M
FY2024▲ +9%
Total assets
$451K
FY2024▼ -19%
Total liabilities
$143K
FY2024▼ -62%
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$309K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$126K
Total assetsPt X · Ln 16$451K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDigital Bridge INC
EINHdr · item D46-5178962
Principal addressHdr · item CMilwaukee, WI
WebsiteHdr · item Jwww.digitalbridge.ngo
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S02)
Ruling yearIRS BMFFeb 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$79,200Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Jeff Hanson’s $79K as President is at the 10th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jeff Hanson$79,200$79,700$79,200$39,900$33,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.8M of program spending, described in the organization's own filed words · FY2024.
01

In 2024, Digital Bridge refurbished and distributed over 5,000 devices around Wisconsin and the U.S. continuing our work on a grant received through the WI DOA and United Way to distribute 7,000 devices to low-income families in the Greater Milwaukee and Waukesha counties.

$1.8Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.3M · 63%
Contributions & grants$789K · 37%
Program service revenue63%$1.3M
Contributions & grants37%$789K
Other revenue$10K
Total revenueLn 12$2.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.07 Fundraising $0.02
Program services90%$1.8M
Management & general7%$149K
Fundraising2%$46K
Total functional expensesLn 25$2.0M

Balance Sheet

Part X · end of year
CashLn 1$11K
Total assetsLn 16$451K
Total liabilitiesLn 26$143K
Total net assetsLn 32$309K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11K · Operating expenses (Pt IX) $2.0M · Less non-cash grants $626K · Cash operating expenses/yr $1.4M
0.1 months
Where the money goes
Program services
Program services $1.8M · Total expenses $2.0M
90%
Management & General
Management & general $149K · Total expenses $2.0M
7%
Fundraising
Fundraising $46K · Total expenses $2.0M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $39K · Solicited contributions (3-yr avg) $680K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $789K · Total revenue $2.1M
37%
Government reliance
Government grants $0 · Total revenue $2.1M
0%
Earned-income share
Program service revenue $1.3M · Total revenue $2.1M
63%
Investment reliance
Investment income $0 · Total revenue $2.1M
0%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $2.0M
66%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $1.8M
+22%
Revenue CAGR
FY2020 $625K · FY2024 $2.1M
+36%
Net-asset trend (YoY)
End of year $309K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $2.0M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $451K
Net-asset ratio
Net assets $309K · Total assets $451K
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $451K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeff Hanson · Reported title President · Highest reported compensation $79K · Total expenses $2.0M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $630K · Total expenses $2.0M
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 7%
Fundraising cost ratio 6%
Revenue growth 22%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$63K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.1M revenue · viewing · ⤓ 990 PDF
FY2023$1.8M revenue · ⤓ 990 PDF
FY2022$1.5M revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$625K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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