Bridge Foundry Inc

Nonprofit profile at a glance

EIN
822172655
IRS 990-EZ coverage
2017–2024
Forms available
Form 990 2020, Form 990-EZ 2024
Location
Covina, CA, USA
Phone
9097035303
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$152,308
Expenses
$61,919
Assets
$229,583
Liabilities
$820

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • SARAH ALLEN (CEO)

People named in this filing

  • SARAH ALLEN (CEO)
  • MELISSA XIE (TREASURER)
  • DESI MCADAM (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bridge foundry's programs train, mentor, network, and encourage people to fully participate in using and creating technology. Bridge foundry envisions a future where diversity is the norm in the tech industry, where all people have equal access to technical skill development and tech companies have workplaces where skilled individuals from diverse backgrounds can thrive. To this end, bridge foundry focuses on specific outreach to people who are traditionally underserved and underrepresented in the technology industry.bridge foundry provides online resources, open source curriculum, and other support for volunteers to host in-person technology-based workshops, organize online events and provide other activities where participants learn technical and communications skills. Bridge foundry also offers self-serve curriculum for technical skills and teaching skills for parents, school teachers and other volunteers.

What it reported doing in 2024

We increase access to technology by helping individuals develop technical skills through collaborative learning, self-guided learning, teaching and mentoring. We amplify diverse voices by enabling people to attend conferences. Encouraging diverse leadership teams at our events makes these opportunities more welcoming to a broad audience. Our activities range from hands-on coding workshops, online mentoring and other events with technical talks and networking opportunities. In 2024, volunteers focused on 4 programming languages, go, rust, scala, and ruby. Volunteers coordinated in groups based on the respective programming language. Our active groups, gobridge (including women who go), scalabridge, railsbridge and rustbridge, held almost 450 events. Each technology has free curricula for independent learning. In addition, gobridge continued its online mentoring program.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 100
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 29.7%; rating input score 30
  • Program expense ratio: 70.9%; rating input score 71

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 59.3%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 3.71; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 1.7% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 9.1% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 29.7% of revenue deployed · 70.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $44K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.