Bridgewater Area Community Foundation Inc

Nonprofit profile at a glance

EIN
831706093
IRS 990 coverage
2019–2022
Forms available
Form 990 2022, Form 990-EZ 2021, Form 990-N 2018
Location
Bridgewater, VT, USA
Phone
8022990232
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$348,988
Expenses
$236,399
Assets
$614,992
Liabilities
$18,219

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • BRIAN BONTRAGER (PRESIDENT)
  • KRISTIANA BIRMINGHAM (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KRISTIANA BIRMINGHAM (EXECUTIVE DIRECTOR): $73,412 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide a vibrant center where the people of bridgewater and the surrounding towns can gather as part of a caring, diverse community of people from all ages and walks of life.

What it reported doing in 2022

Phase one construction and updates for the bridgewater community childcare, located in the 1991 addition at the rear of the building is near completion. We have received our occupancy certificate with the state and continue with the Vermont licensing process. Bridgewater community childcare has hired a program director, kristiana birmingham, and now looks to fill three teaching positions. The bridgewater childcare will open june 1, 2022 with fourteen spots for children age six (6) weeks through thirty-six (36) months. Enrollment is now open with links on our website. Along with creating the childcare space we have also updated the center's roofing, insulation and prepared for phase two construction.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 92
  • Accountability: 69
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.5%; rating input score 60
  • Program expense ratio: 89.2%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 32.3%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 2.6; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 31.1%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 64.7% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 32.4% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 60.5% of revenue deployed · 89.2% of spending went to programs
  • Governance: 7 of 7 board members independent · 2 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $211K in reported program spending
  • Leadership: top reported pay $73K · 8 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2019 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.