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Millennial Bridge INC

Alpharetta, GAUnknown exempt organizationEIN 83-0518855

To defeat underemployment in the african american community and advocate for african american advancement in the workplace and life.

54¢ of each $1 spent went to programs.
Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 3
filings with a surplus
Average deficit $11K a year · 17% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
-100% vs prior year
Spent
$6K
To programs
54%
Net assets
$0
By yearFY2022–FY2024
Revenue
$0
FY2024▼ -100%
Revenue by fiscal year
FY2022$180K
FY2023$25K
FY2024$0
Expenses
$6K
FY2024▼ -96%
Expenses by fiscal year
FY2022$85K
FY2023$148K
FY2024$6K
Net assets
$0
FY2024▼ -100%
Net assets by fiscal year
FY2022$129K
FY2023$6K
FY2024$0

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CMillennial Bridge INC
EINHdr · item D83-0518855
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CAlpharetta, GA
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.millennialbridge.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.46
Program services54%$3K
Management & general46%$3K
Total functional expensesLn 25$6K

Finances

Money in and out, what it owns and owes

Program spending
54%
of expenses reach programs▼ -30% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$0
FY2024▼ -100%
Total assets by fiscal year
FY2022$129K
FY2023$6K
FY2024$0
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2022$0
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$0
Spent on programsPt IX · col B54%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0
Total revenueLn 12$0

Money in detail

Form 990 · FY2024 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments — · Operating expenses/yr $6K
Cash and easy-to-sell investments (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $3K · Total expenses $6K
54%
Management & General
Management & general $3K · Total expenses $6K
46%
Fundraising
Fundraising $0 · Total expenses $6K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $68K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $0
—
Government reliance
Government grants — · Total revenue $0
—
Earned-income share
Program service revenue $0 · Total revenue $0
—
Investment reliance
Investment income $0 · Total revenue $0
—
Program self-sufficiency
Program service revenue $0 · Total expenses $6K
0%
Growth & trend
Revenue change from last year
This year $0 · Prior year $25K
-100%
Net assets change over the year
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $0 · Expenses $6K
—
Debts compared to what it owns
Total liabilities — · Total assets $0
—
Net assets compared to what it owns
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Roderick McClure · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $6K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $6K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Spent on programs 54%——
Spent on management, % of spending 46%——
Revenue growth -100%——
Accounting fees, % of spending 44%——

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

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Millennial Bridge INC executive salaries →

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Governance & Policies

Part VI
  • 1Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Helps African Americans find better jobs and advance in their careers.

Provided by the organization

This section is blank until Millennial Bridge INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $3K of program spending, described in the organization's own filed words · FY2024.
01

Create an advanced digital platform that offers job seekers access to advanced training and top corporations across the country.

$3Kprogram expense

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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 · FY2022
Fidelity Investments Charitable Gift FundFY2022$25K
Total grants receivedfrom 1 funder$25K
Grants paid · 2 grants · $103K · 2022–2023
She League Morgan KokaramGA · FY2023$50,000
She League Morgan KokaramGA · FY2022$52,765

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $0$6K-100% 990 PDF
FY2023 $25K$148K-86% 990 PDF
FY2022 $180K$85K 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenue$0
Part IX · Statement of functional expenses $6,446 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $3,455$3,455
IX-11c Accounting feesManagement $2,856$2,856
IX-13 Office expensesManagement $135$135
IX-25 Total functional expensesPrograms $3,455 · Management $2,991 · Fundraising $0$6,446
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $6,446$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $6,446$0
X-33 Total liabilities and net assetsStart of year $6,446$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$6,446
XI-3 Revenue less expenses−$6,446
XI-4 Net assets at start of year$6,446
XI-10 Net assets at end of year$0

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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