Bridges Btc Foundation Inc

Nonprofit profile at a glance

EIN
592295584
IRS 990-EZ coverage
2011–2021
Forms available
Form 990-EZ 2021
Location
Rockledge, FL, USA
Phone
3216903464
Rating
89
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,824
Expenses
$52,512
Assets
$143,107

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • VANESSA VINICOMBE (PRESIDENT/CE)

People named in this filing

  • MIKE DURANTE CPA (TREASURER)
  • CHRISTINE MYERS (BOARD CHAIR)
  • ALEC RUSSELL (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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Exclusive purpose is to increase community awareness in support of the ongoing mission of bridges, btc of brevard county.

What it reported doing in 2021

Bridges foundation advocates for a future of employment, independence and dignity for people of all abilities in brevard county, Florida. Bridges offers a flexible range of cost effective, practical solutions to the challenges in lives of people with disabilities through employment, residential, advocacy, therapeutic and educational programs. Bridges foundation supports the bridges mission by developing revenue and awareness through diverse sources including gifts, charitable donations, investments, fundraising events and related activities as well as providing public relations for the bridges community.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.9%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -1,759.5%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 2.73; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 56.7% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 5.2% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 17.6% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $51K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2011 to 2021
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.