Bridge Project INC

Tax-deductible

New York, NY501(c)(3)Since 2022Foundations & GrantmakersEIN 88-1293144Revenue $16.0M in FY2024

On file with the IRSbridgeproject.org515 Canal St1c, 10013-1330 · New York, NYTax-exempt since May 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The Bridge Project seeks to solve child poverty in new york.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 3
filings with a surplus
Average surplus $1.2M a year · 12% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$348K
to officers and key staff · 3% of spending
Top officer’s pay lower than 86% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $100K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$72K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.0M
+85% vs prior year
Spent
$13.2M
To programs
98%
Net assets
$3.7M
By yearFY2022–FY2024
Revenue
$16.0M
FY2024▲ +85%
Tap a bar for its year
Revenue by fiscal year
FY2022$5.4M
FY2023$8.6M
FY2024$16.0M
Expenses
$13.2M
FY2024▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2022$3.8M
FY2023$9.2M
FY2024$13.2M
Net assets
$3.7M
FY2024▲ +290%
Tap a bar for its year
Net assets by fiscal year
FY2022$1.5M
FY2023$961K
FY2024$3.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2022.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $13.0M Management & general 1% · $184K Fundraising 0% · $33K

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

6 people listed on the 990; $348K paid to officers and key staff.

Part VII, Section A · reportable compensation
$142,548Pt VII · Sec A
Research Director
$105,000Pt VII · Sec A
Sec. / Ed (began 7/24)
$100,481Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Stephanie L Silkowski’s $143K as Treasurer is at the 14th percentile of top reported officer pay among 661 $10–100M 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

NameFY2024FY2023
Stephanie L Silkowski$142,548$75,000
Vanessa Jaelle Dor$105,000—
Laura Clancy$100,481—

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Works to end child poverty in New York.

Questions for Bridge Project INC

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Provided by the organization

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1 program · $13.0M · in their own filed words · FY2024
01

In 2024, the bridge project operated in new york, wisconsin, and connecticut and served approximately 2,000 babies and their mothers. Mothers in the program receive up to $1,000 a month, unconditionally, for 36 months.

$13.0Mprogram 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 · FY2025
Total grants receivedfrom 2 funders$100K
Grants paid · 3 grants · $23.9M · 2022–2024
Unitemized GrantFY2024$11,656,128
Unitemized GrantFY2023$8,544,057
Unitemized GrantFY2022$3,696,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$16.0M
Ln 12
Gifts and grantsLn 1h$16.0M
Investment incomeLn 3$65
Money outPt IX
$13.2M
Ln 25
Programscol B$13.0M
Managementcol C$184K
Fundraisingcol D$33K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$3.8M
LiabilitiesLn 26$72K
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.0M
Investment incomeLn 3$65
Total revenueLn 12$16.0M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$340K
Cash and savings togetherLn 1–2$1.8M
Total assetsLn 16$3.8M
LiabilitiesLn 26$72K
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$583K$1.8M
Total assetsLn 16$1.0M$3.8M
LiabilitiesLn 26$72K$72K
Net assetsLn 32$961K$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$11.7M$11.7M
Pay of current officers, directors and key staffLn 5$273K$228K$19K$25K
Other salaries and wagesLn 7$512K$480K$32K
Pension plan contributionsLn 8$13K$12K$815
Other employee benefitsLn 9$101K$94K$7K$107
Payroll taxesLn 10$55K$50K$4K$2K
Accounting feesLn 11c$58K$58K
Lobbying feesLn 11d$51K$51K
Professional fundraising feesLn 11e$5K$5K
Other fees for servicesLn 11g$282K$254K$28K
Office expensesLn 13$29K$102$29K
Information technologyLn 14$13K$11K$2K
InsuranceLn 23$5K$5K$324$141
Other expenses (24a–d)Ln 24$119K$113K$6K$302
Total functional expensesLn 25$13.2M$13.0M$184K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $16.0M$13.2M$2.8M$3.7M 990 PDF
FY2023 $8.6M$9.2M−$559K$961K 990 PDF
FY2022 $5.4M$3.8M$1.5M$1.5M 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
See the full FY2024 990 (6 parts)
Part I · Summary $15,954,385 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,626,108$15,954,320
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $191$65
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $8,626,299$15,954,385
I-13 Grants and similar amounts paidPrior year $8,544,057$11,656,128
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $366,621$954,347
I-16a Professional fundraising feesPrior year $0$5,000
I-17 Other expensesPrior year $275,092$556,441
I-18 Total expensesPrior year $9,185,770$13,171,916
I-19 Revenue less expensesPrior year −$559,471$2,782,469
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $15,954,385 across 4 lines filed
VIII-1f All other contributions, gifts and grants$15,954,320
VIII-1h Total contributions, gifts and grants$15,954,320
VIII-3 Investment incomeExcluded from tax $65$65
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $65$15,954,385
Part IX · Statement of functional expenses $13,171,916 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $11,656,128$11,656,128
IX-5 Pay of current officers, directors and key staffPrograms $228,440 · Management $19,133 · Fundraising $25,416$272,989
IX-7 Other salaries and wagesPrograms $480,424 · Management $32,059$512,483
IX-8 Pension plan contributionsPrograms $12,307 · Management $815$13,122
IX-9 Other employee benefitsPrograms $94,262 · Management $6,616 · Fundraising $107$100,985
IX-10 Payroll taxesPrograms $49,645 · Management $3,569 · Fundraising $1,554$54,768
IX-11c Accounting feesManagement $57,500$57,500
IX-11d Lobbying feesPrograms $51,000$51,000
IX-11e Professional fundraising feesFundraising $5,000$5,000
IX-11g Other fees for servicesPrograms $254,200 · Management $27,859$282,059
IX-13 Office expensesPrograms $102 · Management $29,173$29,275
IX-14 Information technologyPrograms $11,307 · Management $1,719$13,026
IX-23 InsurancePrograms $4,513 · Management $324 · Fundraising $141$4,978
IX-24 Other expenses (24a–d)Programs $112,731 · Management $5,570 · Fundraising $302$118,603
IX-25 Total functional expensesPrograms $12,955,059 · Management $184,337 · Fundraising $32,520$13,171,916
Part X · Balance sheet $3,815,636 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $492,770$1,489,594
X-2 Savings and temporary cash investmentsStart of year $90,113$340,163
X-3 Pledges and grants receivable$1,340,460
X-9 Prepaid expenses and deferred chargesStart of year $450,096$645,419
X-16 Total assetsStart of year $1,032,979$3,815,636
X-17 Accounts payable and accrued expensesStart of year $72,233$72,421
X-26 Total liabilitiesStart of year $72,233$72,421
X-27 Net assets without donor restrictionsStart of year $895,746−$954,535
X-28 Net assets with donor restrictionsStart of year $65,000$4,697,750
X-32 Total net assets or fund balancesStart of year $960,746$3,743,215
X-33 Total liabilities and net assetsStart of year $1,032,979$3,815,636
Part XI · Reconciliation of net assets $3,743,215 net assets at year end
XI-1 Total revenue$15,954,385
XI-2 Total expenses$13,171,916
XI-3 Revenue less expenses$2,782,469
XI-4 Net assets at start of year$960,746
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,743,215

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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