2025-01-31T07:12:31-06:00 2024-06-30 580692043 MAULDIN & JENKINS LLC 200 W MLK BLVD STE 1100 CHATTANOOGA TN 374021239 990 2023-07-01 581494630 BRIGHTBRIDGE INC BRIG 4234244220 506 BROAD STREET CHATTANOOGA TN 37402 BILL POLLARD CEO 4234244227 2025-01-23 1 0 CHRISTIAN BENNETT P01902272 4237566133 2025-01-23 2023 2025-03-06 01:10:19Z BILL POLLARD 506 BROAD STREET CHATTANOOGA TN 37402 10677807 0 X WWW.BRIGHTBRIDGEINC.ORG X 1981 TN 501(C)(3) THAT PROMOTES ECONOMIC DEVELOPMENT BY PROVIDING LOANS AND TECHNICAL ASSISTANCE. 14 13 20 13 0 0 0 0 6924904 10568148 -96526 105247 4092 4412 6832470 10677807 0 0 0 0 1830858 2163884 0 0 0 3862504 6442944 5693362 8606828 1139108 2070979 141822282 161141804 134272114 151520657 7550168 9621147 X PROMOTION AND ASSISTANCE OF ECONOMIC DEVELOPMENT THROUGH BUSINESS FINANCING AND PROVIDING TECHNICAL ASSISTANCE 0 0 1555867 1422140 SBA COMMUNITY ADVANTAGE - LOANS TO SMALL AND STARTUP BUSINESSES FOR USE IN NORMAL BUSINESS OPERATIONS TO FINANCE WORKING CAPITAL NEEDS, EQUIPMENT PURCHASES, OR EXPANSION PROJECTS. LOANS ARE REPAID BY BUSINESS CASH FLOWS. 5756236 7022681 SMALL BUSINESS LENDING PROGRAM - PROGRAM A PROVIDES LOANS TO SMALL AND STARTUP BUSINESSES THAT ARE LOCATED IN QUALIFIED AREAS LOANS THAT CAN BE USED FOR ACQUISITION OF LAND, LAND IMPROVEMENTS, BUILDING CONSTRUCTION, PURCHASE OF BUILDINGS, RENOVATION OF BUILDINGS, AND PURCHASE OF MACHINERY, OR EQUIPMENT. PROGRAM B PROVIDES BUSINESSES (BOTH FOR-PROFIT AND NOT-FOR-PROFIT) LOCATED IN DESIGNATED LOW-INCOME CENSUS TRACTS OR OWNED BY MEMBERS OR A TARGETED POPULATION, WHICH INCLUDES LOW-INCOME PERSONS AND ELIGIBLE MINORITIES, WITH LOANS THAT CAN BE USED FOR MOST BUSINESS PURPOSES, INCLUDING WORKING CAPITAL, FIXED ASSETS, AND OTHERS. 519731 2127739 NEW MARKET TAX CREDIT PROVIDES CAPITAL TO BUSINESSES LOCATED IN DISTRESSED COMMUNITIES GEORGIA RURAL DEVELOPMENT RELENDING FUND - PROVIDES SMALL AND STARTUP BUSINESSES THAT ARE LOCATED IN QUALIFIED AREAS LOANS THAT CAN BE USED FOR ACQUISITION OF LAND, LAND IMPROVEMENTS, BUILDING CONSTRUCTION, PURCHASE OF BUILDINGS, RENOVATION OF BUILDINGS, AND PURCHASE OF MACHINERY, OR EQUIPMENT. 7831834 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 21 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BILL POLLARD 4234244220 506 BROAD STREET CHATTANOOGA TN 37402 LES RODDY DIRECTOR 2.00 X 0 0 0 JACK SAMPLE DIRECTOR 2.00 X 0 0 0 BILL POLLARD PRESIDENT & CEO 40.00 X X 235000 0 20521 CLEM RENFRO CHAIRMAN 2.00 X X 0 0 0 JIM CALLIHAN DIRECTOR 2.00 X 0 0 0 ANGELA CONNER DIRECTOR 2.00 X 0 0 0 GARY PETTY DIRECTOR 2.00 X 0 0 0 LINDSAY FRILLING DIRECTOR 2.00 X 0 0 0 JEFF LAND DIRECTOR 2.00 X 0 0 0 MICHAEL OWENS DIRECTOR 2.00 X 0 0 0 ABBY GARRISON DIRECTOR 2.00 X 0 0 0 KIRK GOEHRING DIRECTOR 2.00 X 0 0 0 BOB CANTLER DIRECTOR 2.00 X 0 0 0 RYAN MURPHY DIRECTOR 2.00 X 0 0 0 MONICA BLANTON SENIOR VICE PRESIDENT 40.00 X 162925 0 21986 MIGUEL PARTAP FORMER TREASURER 40.00 X 78973 0 6072 MIKE HOWARD VICE-PRESIDENT 40.00 X 96482 0 20615 MIKE MATOUSEK FORMER SENIOR VICE PRESIDENT 40.00 X 174333 0 20025 SHOSANNAH WALKER FINANCIAL OFFICER 40.00 X 19149 0 4112 PAIGE MCMURRAY COMMERCIAL LOAN OFFICER 40.00 X 129924 0 26572 CALEB HAMBY COMMERCIAL UNDERWRITER 40.00 X 103183 0 23959 999969 0 143862 5 0 1 0 0 LOAN INTERST INCOME 525990 7716193 7716193 MANAGEMENT FEES 525990 1309998 1309998 CONSULTING FEES 525990 814000 814000 SERVICING FEES 525990 472016 472016 LOAN FEES 525990 255941 255941 10568148 105247 105247 OTHER INCOME 525990 4412 4412 4412 10677807 10572560 0 105247 1074055 896231 177824 809705 626469 183236 280124 218630 61494 31281 31281 35957 17299 18658 40512 40512 157531 143408 14123 12884 750 12134 142023 142023 32618 19721 12897 5271906 5271906 12424 12424 57219 2550 54669 PROVISION FOR CREDIT LO 236084 236084 LOAN CLOSING COSTS 199077 199077 EQUIPMENT AND SOFTWARE 103864 72917 30947 TRAINING 88685 79786 8899 20879 15725 5154 8606828 7831834 774994 0 24097682 32337070 341765 228896 115973585 127156834 91691 83399 216363 201108 27679 15255 43877 46088 1246003 1274262 141822282 161141804 996961 1004416 132374616 149700894 900537 815347 134272114 151520657 X 7550168 9621147 7550168 9621147 141822282 161141804 2070979 0 X 0 1 X 0 0 X 2765551 2905607 3468343 6828378 10673395 26641274 2765551 2905607 3468343 6828378 10673395 26641274 0 0 0 26641274 30625 21000 51625 30625 21000 51625 15821 27771 4843 4092 4412 56939 2811997 2954378 3473186 6832470 10677807 26749838 0.99590 0.99320 0.00190 0.00340 X 47961 47961 0 168402 153147 15255 15255 UNEARNED REVENUE 52005 LEASE LIABILITY 763342 815347 X 10677807 0 10677807 0 10677807 8606828 0 8606828 0 8606828 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE IN ASC TOPIC 740. THE ORGANIZATION FOLLOWS THE STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELELATED TO THE ORGANIZATION'S NON-TAXABLE STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. 1 0 0 0 0 0 0 0 0 BILL POLLARD PRESIDENT & CEO 235000 0 0 0 0 0 13805 0 6716 0 255521 0 0 0 MIKE MATOUSEK FORMER SENIOR VICE PRESIDENT 174333 0 0 0 0 0 10666 0 9359 0 194358 0 0 0 MONICA BLANTON SENIOR VICE PRESIDENT 162925 0 0 0 0 0 9606 0 12380 0 184911 0 0 0 PAIGE MCMURRAY COMMERCIAL LOAN OFFICER 129924 0 0 0 0 0 7774 0 18798 0 156496 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM AND SUBMITTED TO THE PRESIDENT AND CEO FOR REVIEW AND APPROVAL. AFTER REVIEW AND APPROVAL, THE FORM 990 IS THEN DISTRIBUTED TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS SIGN A DIRECTORS CERTIFICATION REQUIRED BY SBA. THIS INCLUDES A CONFLICT OF INTEREST POLICY. BOARD MEMBERS ARE EXPECTED TO ABSTAIN FROM VOTING IF THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES ARE SUBJECT TO REVIEW AND APPROVAL OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS OPEN TO PUBLIC INSPECTION ARE AVAILABLE AT THE OFFICE UPON REQUEST. FORM 990, PART XII, LINE 2C OVERSIGHT OF OUR AUDIT, REVIEW OF OUR FINANCIAL STATEMENTS, AND SELECTION OF OUR INDEPENDENT ACCOUNTANTS IS ASSUMED BY THE FINANCE COMMITTEE. RIVER GORGE CAPITAL LLC 506 BROAD STREET CHATTANOOGA TN 37402 452484255 CONSULTING / FINANCIAL STRATEGY TN RELATED 515 43956 0 0 0.99000 APPALACHIAN FUND FOR GROWTH LLC 506 BROAD STREET CHATTANOOGA TN 37402 412106513 CONSULTING / FINANCIAL STRATEGY TN RELATED 2132 0 0 0.99000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 RIVER GORGE CAPITAL GROUP LLC L 2133998 CASH