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
79 cents of each dollar spent went to programs.
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
9 people listed on the 990; $412K paid to officers and key staff.
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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| 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.
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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 15aYes
Programs and updates
Fosters impact investing and social entrepreneurship through education, research, and collaboration for social change.
Questions for Bridges Impact Foundation
Your first name shows with your question. Bridges Impact Foundation answers here, for everyone.
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In 2023, the bridges impact foundation continued to sponsor two programs: impact frontiers; and the mba impact investment network and training (the turner MIINT).IN 2023, impact frontiers offered its cohort-based impact management program to investors in canada, europe, japan, the united kingdom, and the united states.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $550K | $630K |
| Land, buildings, equipmentLn 10c | $21K | $18K |
| Total assetsLn 16 | $774K | $689K |
| LiabilitiesLn 26 | $159K | $142K |
| Net assetsLn 32 | $615K | $547K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1K | $1K | ||
| Pay of current officers, directors and key staffLn 5 | $178K | $142K | $18K | $18K |
| Other salaries and wagesLn 7 | $428K | $355K | $47K | $26K |
| Pension plan contributionsLn 8 | $17K | $14K | $2K | $1K |
| Other employee benefitsLn 9 | $26K | $21K | $3K | $2K |
| Payroll taxesLn 10 | $45K | $37K | $5K | $3K |
| Accounting feesLn 11c | $37K | $37K | ||
| Other fees for servicesLn 11g | $105K | $103K | $2K | |
| Office expensesLn 13 | $37K | $18K | $19K | |
| OccupancyLn 16 | $9K | $9K | ||
| TravelLn 17 | $25K | $25K | ||
| Conferences, conventions and meetingsLn 19 | $2K | $2K | ||
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $543 | $543 | ||
| Total functional expensesLn 25 | $914K | $719K | $145K | $49K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.3M | $1.2M | $105K | $652K | 990 PDF |
| FY2023 Viewing | $846K | $914K | −$68K | $547K | 990 PDF |
| FY2022 | $1.2M | $764K | $426K | $615K | 990 PDF |
| FY2021 | $402K | $746K | −$344K | $189K | 990 PDF |
| FY2020 | $288K | $439K | −$151K | $533K | 990 PDF |
| FY2019 | $1.2M | $495K | $685K | $768K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $846,097 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 2 to look at
Part VIII · Statement of revenue $846,097 across 5 lines filed
Part IX · Statement of functional expenses $914,040 across 14 lines filed
Part X · Balance sheet $688,795 assets, 14 lines filed
Part XI · Reconciliation of net assets $546,751 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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