Nonprofit · EIN 88-1293144
BRIDGE PROJECT INC
Also known as BRIDGE PROJECT
Tax-exempt · NEW YORK, NY 10013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $15,954,385 | $13,171,916 | $2,782,469 | $3,815,636 | $72,421 | $3,743,215 |
| December 31, 2023 | 990 | $8,626,299 | $9,185,770 | -$559,471 | $1,032,979 | $72,233 | $960,746 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $15,954,320
- Program service revenue
- $0
- Investment income
- $65
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,656,128
- Compensation of officers, directors and key employees
- $272,989
- Other salaries and wages
- $512,483
- Salaries, compensation and benefits (total)
- $954,347
- Professional fundraising fees
- $5,000
- Accounting fees
- $57,500
- Program services (functional)
- $12,955,059
- Management and general (functional)
- $184,337
- Fundraising (functional)
- $32,520
Balance sheet and other
- Total assets, start of year
- $1,032,979
- Total assets, end of year
- $3,815,636
- Total liabilities, end of year
- $72,421
- Net assets, end of year
- $3,743,215
- Net assets without donor restrictions
- -$954,535
- Net assets with donor restrictions
- $4,697,750
- Gross receipts
- $15,954,385
- Employees
- 13
- Volunteers
- 3
- Year formed
- 2022
- State of legal domicile
- NY
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 |
|---|---|---|---|---|
| STEPHANIE L SILKOWSKI | TREASURER Officer | 40 | $142,548 | $20,764 |
| VANESSA JAELLE DOR | RESEARCH DIRECTOR Highest-paid employee | 40 | $105,000 | $19,638 |
| LAURA CLANCY | SEC. / ED (BEGAN 7/24) Officer | 40 | $100,481 | $9,196 |
| HOLLY FOGLE | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| SARAH HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL KAHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHANIE L SILKOWSKI | CHIEF OF STAFF Officer | 40 | $75,000 | $9,365 |
| HOLLY FOGLE | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MEGHA AGARWAL | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 | $0 |
| PAULA FILIPE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SARAH HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL KAHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 515 CANAL ST1C, NEW YORK, NY 10013-1330
- In care of
- % CARE OF HOLLY FOGLE
- Principal officer (990 for 2024)
- HOLLY FOGLE, 515 CANAL STREET 1C, NEW YORK, NY 10013
- Signed the 990
- HOLLY FOGLE, PRESIDENT
- Phone
- (201) 305-3521
- Return prepared by
- SAX LLP
Mission
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.
Program accomplishments
- 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.Expenses $12,955,059 · grants $11,656,128
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
- 88-1293144
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $3,815,636
- Income (IRS master file)
- $15,954,385
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $8,626,299 | $9,185,770 | $1,032,979 | IRS |
| 990 | December 2022 | $5,367,192 | $3,846,975 | $1,553,939 | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about BRIDGE PROJECT INC
- What is the EIN of BRIDGE PROJECT INC?
- The employer identification number (EIN) of BRIDGE PROJECT INC is 88-1293144.
- Is BRIDGE PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to BRIDGE PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRIDGE PROJECT INC 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 BRIDGE PROJECT INC 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 BRIDGE PROJECT INC 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 BRIDGE PROJECT INC?
- The 990 for the year ended December 31, 2024 names HOLLY FOGLE.
- Who are the officers and directors of BRIDGE PROJECT INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 3 received compensation from the organization, the highest $142,548 (STEPHANIE L SILKOWSKI, TREASURER).
- How much revenue does BRIDGE PROJECT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $15,954,385, expenses of $13,171,916 and total assets of $3,815,636 at year end.
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