philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Bridges Impact Foundation FY2021 filing

Tax-deductible

Boston, MA501(c)(3)Foundations & GrantmakersEIN 81-3815673Revenue $402K in FY2021

On file with the IRS125 High St Ste 220, 02110-2737 · Boston, MATax-exempt since Apr 2017Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To foster and support the development of Impact investing, social entrepreneurship, and other innovative funding mechanisms to effect social change by, among other activities, (a) creating and facilitating educational forums, trainings, workshops and programs, (b) conducting, collecting, supporting, publishing and disseminating research, (c) and developing and promoting collaborations, relationships and field-based programs.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$165K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $109K a year · 13% of revenue · last 6 filings
Worth a look: a surplus in 3 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
Pay to officers and key staff
$165K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $260K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$294K
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$402K
+39% vs prior year
Spent
$746K
To programs
83%
Net assets
$189K
By yearFY2019–FY2024
Revenue
$402K
FY2021▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2019$1.2M
FY2020$288K
FY2021$402K
FY2022$1.2M
FY2023$846K
FY2024$1.3M
Expenses
$746K
FY2021▲ +70%
Tap a bar for its year
Expenses by fiscal year
FY2019$495K
FY2020$439K
FY2021$746K
FY2022$764K
FY2023$914K
FY2024$1.2M
Net assets
$189K
FY2021▼ -65%
Tap a bar for its year
Net assets by fiscal year
FY2019$768K
FY2020$533K
FY2021$189K
FY2022$615K
FY2023$547K
FY2024$652K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2017.

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% · $619K Management & general 11% · $86K Fundraising 5% · $41K

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

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990; $165K paid to officers and key staff.

Part VII, Section A · reportable compensation
Michael McCreless
Program Manager - Impact Frontier
$165,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Brian Walsh
Treasurer
$0Pt VII · Sec A
Tasha Seitz
Board Member
$0Pt VII · Sec A
Eduardo Medeiros
Board Member
$0Pt VII · Sec A

Michael McCreless’s $182K as Executive Director is at the 77th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Michael McCreless$182,225$170,981$165,000$165,000$165,000$123,750
Adwoa Asare$137,160$125,745————
Nao Sudo$115,087$115,450————

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.

See Bridges Impact Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Fosters impact investing and social entrepreneurship through education, research, and collaboration for social change.

Questions for Bridges Impact Foundation

Tap to ask. Bridges Impact Foundation sees how many people are interested.

Your first name shows with your question. Bridges Impact Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $619K · in their own filed words · FY2021
01

In 2021, the bridges impact foundation continued to sponsor two programs: impact frontiers; and the mba impact investment network and training (the turner miint). In 2021, impact frontiers offered its impact management program to more than 80 asset managers and asset owners globally.

$619Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Builders Initiative FoundationFY2024$250K
Walske Charitable FoundationFY2024$10K
Total grants receivedfrom 2 funders$260K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$402K
Ln 12
Fees for servicesLn 2g$346K
Gifts and grantsLn 1h$56K
Other incomeLn 4–11$150
Money outPt IX
$746K
Ln 25
Programscol B$619K
Managementcol C$86K
Fundraisingcol D$41K
Owns and owesPt X
$189K
net assets · Ln 32
Cash and savingsLn 1–2$375K
Total assetsLn 16$483K
LiabilitiesLn 26$294K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$56K
Fees for servicesLn 2g$346K
Other incomeLn 4–11$150
Total revenueLn 12$402K
Assets in detailPt X, end of year
CashLn 1$289K
SavingsLn 2$85K
Cash and savings togetherLn 1–2$375K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$483K
LiabilitiesLn 26$294K
Net assetsLn 32$189K
OperationsPt I, VI
EmployeesI 55
VolunteersI 686
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 FY21End FY21
Cash and savingsLn 1–2$671K$375K
Land, buildings, equipmentLn 10c$2K$3K
Total assetsLn 16$675K$483K
LiabilitiesLn 26$142K$294K
Net assetsLn 32$533K$189K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Grants and assistance to foreign recipientsLn 3$245K$245K
Pay of current officers, directors and key staffLn 5$172K$129K$17K$26K
Other salaries and wagesLn 7$120K$92K$17K$11K
Pension plan contributionsLn 8$4K$3K$623$362
Other employee benefitsLn 9$11K$9K$1K$1K
Payroll taxesLn 10$21K$16K$3K$3K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$72K$70K$2K
Office expensesLn 13$55K$45K$10K
OccupancyLn 16$7K$7K
Depreciation, depletion and amortizationLn 22$427$427
Total functional expensesLn 25$746K$619K$86K$41K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.2M$105K$652K 990 PDF
FY2023 $846K$914K−$68K$547K 990 PDF
FY2022 $1.2M$764K$426K$615K 990 PDF
FY2021 Viewing $402K$746K−$344K$189K 990 PDF
FY2020 $288K$439K−$151K$533K 990 PDF
FY2019 $1.2M$495K$685K$768K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $401,774 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $140,000$55,663
I-9 Program service revenuePrior year $147,783$345,961
I-10 Investment incomePrior year $1$0
I-11 Other revenuePrior year $360$150
I-12 Total revenuePrior year $288,144$401,774
I-13 Grants and similar amounts paidPrior year $0$256,023
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $300,137$328,028
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $139,106$161,936
I-18 Total expensesPrior year $439,243$745,987
I-19 Revenue less expensesPrior year −$151,099−$344,213
Part VI · Governance 2 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
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 $401,774 across 5 lines filed
VIII-1f All other contributions, gifts and grants$55,663
VIII-1h Total contributions, gifts and grants$55,663
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $345,961$345,961
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $150$150
VIII-12 Total revenueRelated to mission $345,961 · Unrelated business $0 · Excluded from tax $150$401,774
Part IX · Statement of functional expenses $745,987 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $11,023$11,023
IX-3 Grants and assistance to foreign recipientsPrograms $245,000$245,000
IX-5 Pay of current officers, directors and key staffPrograms $128,700 · Management $17,160 · Fundraising $25,740$171,600
IX-7 Other salaries and wagesPrograms $91,679 · Management $17,250 · Fundraising $10,812$119,741
IX-8 Pension plan contributionsPrograms $3,241 · Management $623 · Fundraising $362$4,226
IX-9 Other employee benefitsPrograms $8,566 · Management $1,342 · Fundraising $1,414$11,322
IX-10 Payroll taxesPrograms $15,993 · Management $2,506 · Fundraising $2,640$21,139
IX-11c Accounting feesManagement $27,518$27,518
IX-11g Other fees for servicesPrograms $70,285 · Management $2,083$72,368
IX-13 Office expensesPrograms $44,907 · Management $9,873$54,780
IX-16 OccupancyManagement $6,843$6,843
IX-22 Depreciation, depletion and amortizationManagement $427$427
IX-25 Total functional expensesPrograms $619,394 · Management $85,625 · Fundraising $40,968$745,987
Part X · Balance sheet $482,504 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $666,375$289,461
X-2 Savings and temporary cash investmentsStart of year $5,000$85,162
X-4 Accounts receivable$103,054
X-9 Prepaid expenses and deferred chargesStart of year $1,581$1,667
X-10c Land, buildings and equipment, netStart of year $1,637$3,160
X-16 Total assetsStart of year $674,593$482,504
X-17 Accounts payable and accrued expensesStart of year $1,178$26,107
X-19 Deferred revenueStart of year $85,537$267,551
X-25 Other liabilitiesStart of year $54,819$0
X-26 Total liabilitiesStart of year $141,534$293,658
X-27 Net assets without donor restrictionsStart of year $220,430$188,846
X-28 Net assets with donor restrictionsStart of year $312,629$0
X-32 Total net assets or fund balancesStart of year $533,059$188,846
X-33 Total liabilities and net assetsStart of year $674,593$482,504
Part XI · Reconciliation of net assets $188,846 net assets at year end
XI-1 Total revenue$401,774
XI-2 Total expenses$745,987
XI-3 Revenue less expenses−$344,213
XI-4 Net assets at start of year$533,059
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$188,846

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.