Nonprofit · EIN 81-3815673
BRIDGES IMPACT FOUNDATION
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,286,258 | $1,181,414 | $104,844 | $845,884 | $194,289 | $651,595 |
| December 31, 2023 | 990 | $846,097 | $914,040 | -$67,943 | $688,795 | $142,044 | $546,751 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $714,389
- Program service revenue
- $571,869
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $189,478
- Other salaries and wages
- $570,263
- Salaries, compensation and benefits (total)
- $844,299
- Professional fundraising fees
- $0
- Accounting fees
- $35,018
- Occupancy
- $3,671
- Travel
- $24,198
- Depreciation
- $7,031
- Program services (functional)
- $950,659
- Management and general (functional)
- $170,591
- Fundraising (functional)
- $60,164
Balance sheet and other
- Total assets, start of year
- $688,795
- Total assets, end of year
- $845,884
- Total liabilities, end of year
- $194,289
- Net assets, end of year
- $651,595
- Land, buildings and equipment
- $10,651
- Net assets without donor restrictions
- $351,595
- Net assets with donor restrictions
- $300,000
- Gross receipts
- $1,286,258
- Employees
- 5
- Volunteers
- 7
- Year formed
- 2016
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MCCRELESS | EXECUTIVE DIRECTOR Officer | 40 | $182,225 | $7,253 |
| ADWOA ASARE | PROGRAM DIRECTOR Highest-paid employee | 40 | $137,160 | $12,708 |
| NAO SUDO | DIRECTOR Highest-paid employee | 40 | $115,087 | $23,851 |
| BRIAN TRELSTAD | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MICHELE GIDDENS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN WALSH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PETER BERNARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOANNA COHEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EDUARDO MEDEIROS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TASHA SEITZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MCCRELESS | EXECUTIVE DIRECTOR Officer | 40 | $170,981 | $6,839 |
| ADWOA ASARE | PROGRAM DIRECTOR Highest-paid employee | 40 | $125,745 | $15,440 |
| NAO SUDO | DIRECTOR Highest-paid employee | 40 | $115,450 | $4,618 |
| BRIAN TRELSTAD | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MICHELE GIDDENS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN WALSH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PETER BERNARD | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| EDUARDO MEDEIROS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TASHA SEITZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 125 HIGH ST STE 220, BOSTON, MA 02110-2737
- In care of
- % BRIAN TRELSTAD
- Principal officer (990 for 2024)
- MICHAEL MCCRELESS, 125 HIGH STREET 220, BOSTON, MA 02110
- Signed the 990
- MICHAEL MCCRELESS, EXECUTIVE DIRECTOR
- Phone
- (212) 380-5509
- Return prepared by
- LUTZ AND CARR CPAS LLP
Mission
TO FOSTER AND SUPPORT THE DEVELOPMENT OF IMPACT INVESTING, SOCIAL ENTREPRENEURSHIP, AND OTHER INNOVATIVE FUNDING MECHANISMS TO EFFECT SOCIAL CHANGE BY, AMONG OTHER ACTIVITIES, (A) CREATING AND FACILITATING EDUCATIONAL FORUMS, TRAININGS, WORKSHOPS AND PROGRAMS, (B) CONDUCTING, COLLECTING, SUPPORTING, PUBLISHING AND DISSEMINATING RESEARCH, (C) AND DEVELOPING AND PROMOTING COLLABORATIONS, RELATIONSHIPS AND FIELD-BASED PROGRAMS.
Program accomplishments
- IN 2024, THE BRIDGES IMPACT FOUNDATION CONTINUED TO SPONSOR TWO PROGRAMS: IMPACT FRONTIERS; AND THE MBA IMPACT INVESTMENT NETWORK AND TRAINING (THE TURNER MIINT).IN 2024, IMPACT FRONTIERS OFFERED ITS COHORT-BASED IMPACT MANAGEMENT PROGRAM TO INVESTORS IN CANADA, EUROPE, JAPAN, THE UNITED KINGDOM, AND THE UNITED STATES. IT PUBLISHED THE IMPACT PERFORMANCE REPORTING NORMS FOLLOWING A YEARLONG PROCESS OF PUBLIC CONSULTATION INVOLVING MORE THAN 350 INVESTORS AND SERVICE PROVIDERS. FINALLY, IT CONCLUDED ITS CONSENSUS-BUILDING INITIATIVE ON IMPACT MANAGEMENT FOR SOCIAL EQUITY.THE TURNER MBA IMPACT INVESTING NETWORK AND TRAINING (THE MIINT) IS THE WORLD'S LARGEST AND MOST EFFECTIVE MULTI-UNIVERSITY COURSE ON IMPACT INVESTING, OPERATED IN PARTNERSHIP WITH THE UNIVERSITY OF PENNSYLVANIA'S WHARTON SCHOOL OF BUSINESS. IN 2024, THE PROGRAM CULMINATED ITS 13TH YEAR WITH 40 TOP BUSINESS AND POLICY PROGRAMS FROM AROUND THE WORLD.Expenses $950,659 · revenue $571,869
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-3815673
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $845,884
- Income (IRS master file)
- $1,286,258
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,286,258 | $1,181,414 | $845,884 | XML |
| 990 | December 2023 | $846,097 | $914,040 | $688,795 | XML |
| 990 | December 2022 | $1,189,557 | $763,709 | $773,665 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-3815673).
Questions about BRIDGES IMPACT FOUNDATION
- What is the EIN of BRIDGES IMPACT FOUNDATION?
- The employer identification number (EIN) of BRIDGES IMPACT FOUNDATION is 81-3815673.
- Is BRIDGES IMPACT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to BRIDGES IMPACT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRIDGES IMPACT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BRIDGES IMPACT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BRIDGES IMPACT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BRIDGES IMPACT FOUNDATION?
- The 990 for the year ended December 31, 2024 names MICHAEL MCCRELESS.
- Who are the officers and directors of BRIDGES IMPACT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $182,225 (MICHAEL MCCRELESS, EXECUTIVE DIRECTOR).
- How much revenue does BRIDGES IMPACT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,286,258, expenses of $1,181,414 and total assets of $845,884 at year end.
Other nonprofits in BOSTON
- BANK OF AMERICA CHARITABLE GIFT FUND EIN 04-6010342 · last filed 990 for 2024
- THE US CHARITABLE GIFT TRUST EIN 31-1663020 · last filed 990 for 2024
- BOSTON FOUNDATION INC EIN 04-2104021 · last filed 990 for 2025
- COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON INC EIN 04-2103559 · last filed 990 for 2025
- BNY MELLON CHARITABLE GIFT FUND EIN 30-0748315 · last filed 990 for 2024
- THE MELLEN CHARITABLE FOUNDATION INC EIN 85-3945419 · last filed 990-PF for 2024
- BARR FOUNDATION EIN 04-6579815 · last filed 990-PF for 2024
- JEREMY AND HANNELORE GRANTHAM ENVIRONMENTAL TRUST EIN 20-3959397 · last filed 990 for 2024
All nonprofits in BOSTON · Massachusetts · Philanthropy, voluntarism and grantmaking foundations