Digital Bridge Inc

Nonprofit profile at a glance

EIN
465178962
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-N 2016
Location
Milwaukee, WI, USA
Phone
4144365333
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$2,135,116
Expenses
$2,008,740
Assets
$451,448
Liabilities
$142,743

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Jeff Hanson (President)

Highest reported compensation

  • Jeff Hanson (President): $79,200 total reported compensation

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

Overview

Mission

To accomplish our mission, we help people and organizations to repurpose their used technological assets by redistributing them to those in need. Based in Milwaukee, WI, we work with partnering nonprofits and nongovernmental organizations to provide affordable technology to low-income households, set up computer labs for the communities that need them, and to help our partners who are already doing good work to further their missions and create a lasting legacy, all using refurbished technology.

What it reported doing in 2024

In 2024, Digital Bridge refurbished and distributed over 5,000 devices around Wisconsin and the U.S. continuing our work on a grant received through the WI DOA and United Way to distribute 7,000 devices to low-income families in the Greater Milwaukee and Waukesha counties. We have continued to have an international impact as well through our local partners doing great work in less developed parts of the world, helping them establish computer labs that will have a lasting impact. We expanded our corporate donor base through our corporate IT Asset Disposition Services, allowing us to have an even greater impact in the coming years. We have expanded our e-waste services to cover our donor locations across the midwest in addition to offering shipping and logistics for locations across the country. We Diverted 500,000 Lbs of ewaste from landfills. Our NAID Certified Team securely destroyed the Data on over 17,000 Drives. Our team has been working closely with the state broadband office and other partners to prepare for the best use of federal funding of Digital Inclusion efforts starting in 2025. Digital Bridge continues to be a driving force behind Digital Inclusion and Electronics Reuse in WI and the U.S.

Operating model

Revenue model
Other-operating. 63% of the money available for current operations came from other operating revenue.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.9%; rating input score 85
  • Program expense ratio: 90.3%; rating input score 90
  • Fundraising efficiency: $17.01 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

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: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.9%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 0.22; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 3.9%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: 29.3% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 27.7% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 13.3% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 84.9% of revenue deployed · 90.3% of spending went to programs
  • Governance: 2 of 3 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.8M in reported program spending
  • Leadership: top reported pay $79K · 4 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Sustainability: Operating margin scored 53/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.