2025-09-30T13:18:28-05:00 2024-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2024-01-01 881293144 THE BRIDGE PROJECT INC BRID 2013053521 515 CANAL STREET 1C NEW YORK NY 10013 HOLLY FOGLE PRESIDENT 2013053521 2025-09-30 1 0 MIKE SCHALL P02024184 2126618640 2025-09-26 2024 2025-03-06 01:10:19Z HOLLY FOGLE 515 CANAL STREET 1C NEW YORK NY 10013 15954385 0 X WWW.BRIDGEPROJECT.ORG X 2022 NY THE BRIDGE PROJECT SEEKS TO END CHILD POVERTY IN THE UNITED STATES. 3 3 13 3 0 0 8626108 15954320 0 0 191 65 0 0 8626299 15954385 8544057 11656128 0 0 366621 954347 0 5000 32520 275092 556441 9185770 13171916 -559471 2782469 1032979 3815636 72233 72421 960746 3743215 X THE BRIDGE PROJECT, INC. (THE ORGANIZATION") IS A NON-PROFIT ORGANIZATION THAT SEEKS TO SOLVE CHILD POVERTY IN THE UNITED STATES. LAUNCHED IN JUNE 2021 BY THE MONARCH FOUNDATION, IT IS NEW YORK'S FIRST CONSISTENT UNCONDITIONAL CASH ALLOWANCE PROGRAM. THE ORGANIZATION SUPPORTS HEALTHY DEVELOPMENT FOR BABIES DURING THEIR FIRST 1,000 DAYS OF LIFE BY PROVIDING THEIR MOTHERS WITH CONSISTENT, UNCONDITIONAL CASH ON A BIWEEKLY BASIS FOR THREE YEARS. ITS MAIN SOURCE OF REVENUE IS FROM CONTRIBUTIONS. 0 0 12955059 11656128 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. THE PROGRAM WILL CONTINUE TO EXPAND TO NEW REGIONS IN THE COUNTRY, CONDUCT MIXED-METHODS RESEARCH, AND ENGAGE IN POLICY-MAKING AND SYSTEMS-CHANGE EFFORTS. 12955059 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X ANIL CHHUGANI 2013053521 515 CANAL STREET STE 1C NEW YORK NY 10013 HOLLY FOGLE PRESIDENT 3.00 X X 0 0 0 SARAH HENRY DIRECTOR 1.00 X 0 0 0 MICHAEL KAHAN DIRECTOR 1.00 X 0 0 0 STEPHANIE L SILKOWSKI TREASURER 40.00 X 142548 0 20764 LAURA CLANCY SEC. / ED (BEGAN 7/24) 40.00 X 100481 0 9196 VANESSA JAELLE DOR RESEARCH DIRECTOR 40.00 X 105000 0 19638 348029 0 49598 3 0 1 0 0 15954320 15954320 65 65 15954385 0 0 65 11656128 11656128 272989 228440 19133 25416 512483 480424 32059 13122 12307 815 100985 94262 6616 107 54768 49645 3569 1554 57500 57500 51000 51000 5000 5000 282059 254200 27859 29275 102 29173 13026 11307 1719 4978 4513 324 141 PROGRAM EXPENSES 84560 84560 OTHER EXPENSES 26527 20918 5307 302 DUES AND SUBSCRIPTIONS 7516 7253 263 13171916 12955059 184337 32520 492770 1489594 90113 340163 1340460 450096 645419 1032979 3815636 72233 72421 72233 72421 X 895746 -954535 65000 4697750 960746 3743215 1032979 3815636 2782469 0 X 0 1 X 1 0 X 5367158 8626108 15954320 29947586 5367158 8626108 15954320 29947586 8306711 21640875 34 191 65 290 29947876 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 51000 51000 0 PART II-B, LINE 1: THE LOBBYING ACTIVITY IN 2024 INCLUDED PAYMENTS TO A NEW YORK STATE LOBBYING FIRM, WHO FACILITATED MEETINGS WITH STATEWIDE REPRESENTATIVES AND AGENCY STAFF, INCLUDING THE GOVERNOR'S OFFICE, ABOUT THE BENEFITS OF DIRECT CASH PAYMENTS DURING THE PERINATAL PERIOD. 0 X 16592710 638325 638325 15954385 0 15954385 13810241 638325 638325 13171916 0 13171916 PART X, LINE 2: BRIDGE PROJECT INC. DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS, TAX FILING FOR PERIODS ENDING DECEMBER 31, 2022 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. 1 ASSISTANCE TO MOTHERS AND BABIES 2000 11656128 PART I, LINE 2: OUR PROCESS FOR ELIGIBILITY, SELECTION, VERIFICATION, AND CASH DISTRIBUTION HAS REMAINED NEARLY THE SAME FOR THE PAST THREE YEARS. WE HAVE AN OPEN APPLICATION PROCESS WITH PARTICIPANTS RANDOMLY SELECTED TO MOVE TO VERIFICATION. LOCATION, AGE, PREGNANCY STATUS, AND INCOME ARE VERIFIED USING BOTH TECHNOLOGY AND MANUAL MEANS. EVERY PARTICIPANT ATTENDS A VIRTUAL ZOOM CALL WITH A MEMBER OF OUR TEAM. IN 2024, EVERY PARTICIPANT RECEIVED THEIR BI-WEEKLY CASH DISBURSEMENT VIA RELOADABLE DEBIT CARD. X X X 0 0 0 0 0 0 0 0 0 STEPHANIE L SILKOWSKI TREASURER 142548 0 0 0 0 0 4276 0 16488 0 163312 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THIS 990 WAS REVIEWED BY LEADERSHIP AT THE ORGANIZATION, INCLUDING A PROFESSIONAL ACCOUNTANT AND THE BOARD OF DIRECTORS PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C COVERED PERSONS ARE REQUIRED TO DISCLOSE IN GOOD FAITH AND IN WRITING TO THE BOARD AT ALL MATERIAL FACTS RELATED TO CONFLICTS OF INTEREST (INCLUDING THOSE THAT IMPLICATE AN OTHER RELATED PARTY BUT NOT A COVERED PERSON) (INCLUDING THE NATURE OF YOUR OR THE OTHER RELATED PARTY'S INTEREST AND INFORMATION ABOUT ANY PROPOSED TRANSACTION OR OTHER ARRANGEMENT). DISCLOSURES SHOULD BE MADE IN ADVANCE, BEFORE ANY ACTION IS TAKEN ON THE MATTER. EACH CURRENT DIRECTOR, OFFICER, AND KEY PERSON OF THE ORGANIZATION, AS WELL AS NOMINEES FOR ELECTION AS DIRECTOR (PRIOR TO HIS OR HER INITIAL ELECTION), MUST SUBMIT TO THE SECRETARY OF THE ORGANIZATION OR A DESIGNATED COMPLIANCE OFFICER AT LEAST ONCE PER YEAR (AND UPDATED AS APPROPRIATE) A QUESTIONNAIRE. THE BOARD WILL REVIEW ALL CONFLICTS OF INTEREST AND RELATED PARTY TRANSACTIONS (THOSE TRANSACTIONS, AGREEMENTS, OR ANY OTHER ARRANGEMENTS IN WHICH A COVERED PERSON OR OTHER RELATED PARTY HAS A FINANCIAL INTEREST AND IN WHICH THE ORGANIZATION OR ANY AFFILIATE OF THE ORGANIZATION IS A PARTICIPANT) AND DETERMINE WHETHER TO APPROVE OR RATIFY ANY SUCH MATTERS. THE BOARD MAY ONLY APPROVE THE UNDERLYING MATTER IF IT DETERMINES THAT SUCH MATTER, UNDER THE TERMS AND WITHIN THE CIRCUMSTANCES AND CONDITIONS PRESENTED, IS FAIR, REASONABLE, AND IN THE BEST INTERESTS OF THE ORGANIZATION AT THE TIME OF SUCH DETERMINATION. ANYONE WITH AN INTEREST IN ANY MATTER UNDER REVIEW BY THE BOARD ARE NOT PERMITTED TO BE PRESENT AT OR PARTICIPATE IN ANY DELIBERATIONS OR VOTING BY THE BOARD WITH RESPECT TO THE MATTER GIVING RISE TO THE POTENTIAL CONFLICT, AND MUST NOT ATTEMPT TO INFLUENCE IMPROPERLY THE DELIBERATION OR VOTING ON SUCH MATTER. IN APPROPRIATE CIRCUMSTANCES, ANY SUCH PERSON MAY BE CALLED UPON TO PROVIDE INFORMATION RELEVANT TO THE DETERMINATION PRIOR TO THE COMMENCEMENT OF DELIBERATIONS OR VOTING RELATED THERETO. NOTWITHSTANDING THE FOREGOING, A DIRECTOR WITH AN INTEREST IN A MATTER UNDER REVIEW BY THE BOARD SHALL BE DEEMED TO BE PRESENT AT THE MEETING FOR PURPOSES OF DETERMINING WHETHER A QUORUM IS PRESENT. THE MINUTES OF THE BOARD MEETING DURING WHICH A POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS DISCLOSED OR DISCUSSED SHALL BE DOCUMENTED CONTEMPORANEOUSLY WITH THE MEETING AND REFLECT THE NAME OF THE INTERESTED COVERED PERSON, THE NATURE OF THE CONFLICT, AND DETAILS OF THE DELIBERATIONS OF THE DISINTERESTED DIRECTORS (SUCH AS DOCUMENTS REVIEWED, ANY ALTERNATIVES OR COMPARABLE TRANSACTIONS CONSIDERED, COMPARATIVE COSTS OR BIDS, MARKET VALUE INFORMATION, AND OTHER FACTORS CONSIDERED IN DELIBERATIONS) AND THE RESOLUTION OF THE CONFLICT, INCLUDING ANY ONGOING PROCEDURES TO MANAGE ANY CONFLICT THAT WAS APPROVED. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A COVERED PERSON HAS FAILED TO COMPLY WITH THIS POLICY, IT MAY MAKE SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES AND IF IT DETERMINES THAT A COVERED PERSON HAS FAILED TO COMPLY WITH THIS POLICY, IT SHALL TAKE APPROPRIATE ACTION WHICH MAY INCLUDE, IN THE CASE OF DIRECTORS AND OFFICERS, REMOVAL OF THE COVERED PERSON FROM THE BOARD OR FROM OFFICE OR, IN THE CASE OF KEY PERSONS OR OTHERS, TERMINATION OF EMPLOYMENT WITH THE ORGANIZATION OR AN AFFILIATE. FORM 990, PART VI, SECTION B, LINE 15A THE BRIDGE PROJECT SHALL HAVE THE BOARD OF DIRECTORS ANNUALLY EVALUATE ANY PAID EXECUTIVE DIRECTOR ON HIS/HER PERFORMANCE, AND ASK FOR HIS/HER INPUT ON MATTERS OF PERFORMANCE AND COMPENSATION. THE BOARD OF DIRECTORS WILL OBTAIN RESEARCH AND INFORMATION TO MAKE A RECOMMENDATION TO THE FULL BOARD FOR THE COMPENSATION (SALARY AND BENEFITS) OF THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES OR CONSULTANTS) BASED ON A REVIEW OF COMPARABILITY DATA. FOR EXAMPLE, THE BOARD OF DIRECTORS WILL SECURE DATA THAT DOCUMENTS COMPENSATION LEVELS AND BENEFITS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THIS DATA MAY INCLUDE THE FOLLOWING: 1. SALARY AND BENEFIT COMPENSATION STUDIES BY INDEPENDENT SOURCES; 2. WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS; 3. DOCUMENTED TELEPHONE CALLS ABOUT SIMILAR POSITIONS AT BOTH NONPROFIT AND FOR-PROFIT ORGANIZATIONS; AND 4. INFORMATION OBTAINED FROM THE IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS. TO APPROVE THE COMPENSATION FOR THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES AND CONSULTANTS) THE BOARD MUST DOCUMENT HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED, IN MINUTES OF THE MEETING DURING WHICH THE COMPENSATION WAS APPROVED. DOCUMENTATION WILL INCLUDE: 1. A DESCRIPTION OF THE COMPENSATION AND BENEFITS AND THE DATE IT WAS APPROVED; 2. THE MEMBERS OF THE BOARD WHO WERE PRESENT DURING THE DISCUSSION ABOUT COMPENSATION AND BENEFITS, AND THE RESULTS OF THE VOTE; 3. A DESCRIPTION OF THE COMPARABILITY DATA RELIED UPON AND HOW THE DATA WAS OBTAINED; AND 4. ANY ACTIONS TAKEN (SUCH AS ABSTAINING FROM DISCUSSION AND VOTE) WITH RESPECT TO CONSIDERATION OF THE COMPENSATION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE BOARD BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE DECISION ON THE COMPENSATION AND BENEFITS. THE CHAIR OF THE BOARD OF DIRECTORS, WHO IS A VOLUNTEER AND NOT COMPENSATED BY THE BRIDGE PROJECT, WILL OPERATE INDEPENDENTLY WITHOUT UNDUE INFLUENCE FROM THE EXECUTIVE DIRECTOR. NO MEMBER OF THE EXECUTIVE OR HUMAN RESOURCES COMMITTEE WILL BE A STAFF MEMBER, THE RELATIVE OF A STAFF MEMBER, OR HAVE ANY RELATIONSHIP WITH STAFF THAT COULD PRESENT A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST.