The Bridges Foundation
Nonprofit profile at a glance
- EIN
- 202796974
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-N 2014
- Location
- Gray, ME, USA
- Phone
- 2079394228
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Developmentally Disabled Centers
Reported finances
- Revenue
- $924,667
- Expenses
- $874,816
- Assets
- $162,544
- Liabilities
- $243,245
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- GREGG ALEXIS (PRESIDENT)
Highest reported compensation
- SUSAN JOHNSON (TREASURER): $20,000 total reported compensation
- DIANA ALEXIS (VICE PRESIDE): $9,231 total reported compensation
- GREGG ALEXIS (PRESIDENT): $5,769 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We provide educational, employment, social and recreational opportunities for persons with sensory and/or energetic sensitivities, and learning, emotional and/or developmental disabilities. We approach these individuals as possessing different skills and abilities, and volunteers devote their time and energy in hopes of creatring a new paradigm in service provision to them. We hope to blend the best aspects of the non-profit and for- profit sectors to work together in assisting the people we support while providing the public with products and services worthy of their dollar, and seeing everyone profit from their work at the same time.
What it reported doing in 2024
Education, employment, social & recreational opportunities: an environment of true partnership and equality between those with and without disabilities within our business. Products are designed by program participants and the proceeds received fund a variety of activities that are offered free to the community at large, including yoga, arts/crafts, cooking, practical maintenance and sports. It has also paid the rent for the center equipped with toys, games, art supplies, cooking supplies, sports equipment and video games. This program also enables program participants to become as financially self-sufficient as possible, specifically reducing reliance upon government funding.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 92
- Accountability: 38
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90%; rating input score 90
- Program expense ratio: 93.7%; rating input score 94
- 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: 50%; rating input score 50; 11th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5.4%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.19; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 1.5; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 4%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 14.8% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 17.1% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 18% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 90% of revenue deployed · 93.7% of spending went to programs
- Governance: 2 of 4 board members independent · 2 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $819K in reported program spending
- Leadership: top reported pay $20K · 4 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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: 6 of 8 not reported.
- Review — Accountability: Independent voting board scored 50/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- Review — Sustainability: Operating margin scored 51/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Review — Sustainability: Officer compensation ratio scored 55/100.