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Bridge Forward INC FY2022 filing

Tax-deductible

Boston, MA501(c)(3)Foundations & Grantmakers EIN 86-3858640Revenue $238K in FY2022Latest return filed May 15, 2025

On file with the IRSBoston, MATax-exempt since Nov 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Bridge Forward Fund is an economic mobility organization designed to help individuals and families experiencing financial hardship with multi-year financial and coaching support to propel their journey towards stability and wealth building.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-3858640) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Spent on programs
53%
of spending
53% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.5 mo
of spending, in cash
1.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $94K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$238K
+59% vs prior year
Spent
$250K
To programs
53%
Net assets
$30K
By yearFY2021–FY2024
Revenue
$238K
FY2022▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2021$150K
FY2022$238K
FY2023$120K
FY2024$147K
Net assets
$30K
FY2022▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2021$35K
FY2022$30K
FY2023$9K
FY2024$48K

From the FY2022 Form 990 · see the original

Give Follow Claim
You’re viewing the FY2022 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 Nov 2021.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $133K Management & general 28% · $71K Fundraising 18% · $46K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Abdi Ali
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bridge Forward INC executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides multi-year financial and coaching support to help people build stability and wealth.

Questions for Bridge Forward INC

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1 program · $133K · in their own filed words · FY2022
01

BFF supported approximately 35 families experiencing financial hardship with costs that helped cover housing, utilities, education and health-related expenses.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-3858640) · Dispute this line
$133Kprogram 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
Boston Foundation INCFY2024$94K
Total grants receivedfrom 1 funder$94K
Grants paid · 1 grant · $75K · 2022–2022
Unitemized GrantFY2022$75,386

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$238K
Ln 12
Gifts and grantsLn 1h$238K
Money outPt IX
$250K
Ln 25
Programscol B$133K
Managementcol C$71K
Fundraisingcol D$46K
Owns and owesPt X
$30K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$30K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$238K
Total revenueLn 12$238K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Total assetsLn 16$30K
LiabilitiesLn 26$0
Net assetsLn 32$30K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$41K$30K
Total assetsLn 16$41K$30K
LiabilitiesLn 26$0$0
Net assetsLn 32$41K$30K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$75K$75K
Pay of officers and key staff (Part IX, line 5)Ln 5$125K$42K$42K$42K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$8K$8K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$15K$8K$8K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$7K$7K
TravelLn 17$3K$3K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$250K$133K$71K$46K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 15, 2025 $147K$48K 990 PDF
FY2023Filed with the IRS Sep 7, 2024 $120K$9K 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $238K$250K−$11K$30K 990 PDF
FY2021Filed with the IRS Nov 9, 2022 $150K$35K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $238,485 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $150,116$238,485
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $150,116$238,485
I-13 Grants and similar amounts paidPrior year $10,000$75,386
I-14 Benefits paid to members$0
I-15 Salaries and benefits$126,117
I-16a Professional fundraising fees$0
I-17 Other expenses$47,998
I-18 Total expensesPrior year $10,000$249,501
I-19 Revenue less expensesPrior year $140,116−$11,016
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $238,485 across 3 lines filed
VIII-1f All other contributions, gifts and grants$238,485
VIII-1h Total contributions, gifts and grants$238,485
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$238,485
Part IX · Statement of functional expenses $249,501 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $75,386$75,386
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $41,667 · Management $41,667 · Fundraising $41,667$125,001
IX-10 Payroll taxesManagement $1,116$1,116
IX-11a Management feesPrograms $7,755$7,755
IX-11c Accounting feesManagement $1,000$1,000
IX-11g Other fees for servicesPrograms $7,755 · Management $7,500$15,255
IX-12 Advertising and promotionFundraising $1,470$1,470
IX-13 Office expensesManagement $7,187$7,187
IX-17 TravelFundraising $2,840$2,840
IX-23 InsuranceManagement $10,004$10,004
IX-24 Other expenses (24a–d)Management $2,487$2,487
IX-25 Total functional expensesPrograms $132,563 · Management $70,961 · Fundraising $45,977$249,501
Part X · Balance sheet $30,256 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $41,272$30,256
X-16 Total assetsStart of year $41,272$30,256
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $41,272$30,256
X-32 Total net assets or fund balancesStart of year $41,272$30,256
X-33 Total liabilities and net assetsStart of year $41,272$30,256
Part XI · Reconciliation of net assets $30,256 net assets at year end
XI-1 Total revenue$238,485
XI-2 Total expenses$249,501
XI-3 Revenue less expenses−$11,016
XI-4 Net assets at start of year$41,272
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$30,256

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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