Overview
What is Bridgeway Capital Inc?
Bridgeway Capital Inc, based in Pittsburgh, Pennsylvania, is a nonprofit organization dedicated to boosting economic growth and creating opportunities in low- to moderate-income communities. They accomplish this by providing loans to small businesses, entrepreneurs, and nonprofit organizations, totaling $23.5 million, which in turn attracts an additional $34.5 million in financing. This lending initiative aims to create or retain 683 jobs across 15 counties in western Pennsylvania, northern West Virginia, and eastern Ohio. Beyond lending, Bridgeway Capital Inc actively works to combat injustices and advance opportunities by building capacity, investing capital, and developing underserved areas to foster business growth and community revitalization. With a total of 39 employees, this nonprofit is committed to strengthening local economies and improving the lives of individuals in these communities.
Official website here: www.bridgewaycapital.org
Is Bridgeway Capital Inc legitimate?
Bridgeway Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgeway Capital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $930,345
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,527,164
For more financial information, click here
Official website here: www.bridgewaycapital.org
What is the mission statement of Bridgeway Capital Inc?
Bridgeway Capital Inc's mission is centered around combating injustices and advancing opportunities. They accomplish this by building capacity, investing capital, and developing underserved areas to foster business growth and community revitalization. Their activities primarily benefit low-income individuals, aiding in the formation and expansion of small businesses, non-profit organizations, and social service providers. Their lending initiatives have resulted in significant economic impact, contributing to the creation or retention of around 683 jobs.
Official website here: www.bridgewaycapital.org
Who is the CEO of Bridgeway Capital Inc?
Thomas J Bogdewic is the President & Ceo of Bridgeway Capital Inc. The CEO's salary of Bridgeway Capital Inc is $194,598 and their total compensation is $244,935.
Official website here: www.bridgewaycapital.org
What is the revenue of Bridgeway Capital Inc?
Bridgeway Capital Inc's revenue in 2022 was $11,446,748.
Official website here: www.bridgewaycapital.org
Who are the executives of Bridgeway Capital Inc and what are their salaries?
The average compensation at Bridgeway Capital Inc during 2022 was $63,013. There are 39 employees and 38 volunteers at Bridgeway Capital Inc.
Here are 27 key members and their salaries (Bridgeway Capital Inc's CEO's salary is $194,598 and their total compensation is $244,935):
- Thomas Bogdewic (President & Ceo) [Trustee/Director]
- Scott Langill (Assistant Secretary)
- Marc Kennedy (Managing Director Of Lending)
- Jacob Sault (Controller)
- Holly Kay (Managing Director Of Underwriting)
- Shawn Thomas (Entrepreneur Lending Director)
- Edward Vargo (Commercial Re Lending Director)
- Ronald A Donatelli (Chairperson) [Trustee/Director]
- Melvin Washington (Vice Chairperson) [Trustee/Director]
- Richard Witherspoon (Treasurer (Exited 10/2021)) [Trustee/Director]
- Lynn Davenport (Secretary) [Trustee/Director]
- Dan Adamski (Director)
- Susan Apel (Director (Exited 10/2021))
- Georgia Berner (Director)
- Ja'Ron Bridges (Director (Entered 4/2022))
- Charles Broff (Director (Exited 4/2022))
- Earl Buford (Director)
- Stephanie Dangel (Director (Entered 10/2021))
- Melonie Jackson (Director (Entered 10/2021))
- Thomas J Kelly Jr (Director)
- Blaine A Lamperski (Director (Exited 4/2022))
- Denis Mclaughlin (Director)
- Thomas D Michael (Director)
- Tammy Ribar (Director (Entered 4/2022))
- Morton Stanfield Jr (Director)
- Derrick Wilson (Director)
- Joseph Wynn (Director (Entered 7/2022))
Official website here: www.bridgewaycapital.org
Where can I find the form 990 for Bridgeway Capital Inc?
The Bridgeway Capital Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.bridgewaycapital.org
Learn more at the official website: www.bridgewaycapital.org
Mission Statement of Bridgeway Capital Inc
Bridgeway Capital Inc is committed to combating injustices and advancing opportunities by building capacity, investing capital, and developing underserved areas. Their mission is to foster business growth and revitalize places in low- to moderate-income communities. This nonprofit organization achieves this by providing loans to small businesses and nonprofit organizations, helping to create or retain jobs. Their lending activities have benefited low-income individuals and assisted in the formation and expansion of various businesses and organizations. Bridgeway Capital Inc's work has leveraged additional financing, totaling $34.5 million, further supporting the growth and development of these communities. By focusing on building capacity, investing capital, and revitalizing places, Bridgeway Capital Inc plays a significant role in promoting opportunities and combating injustices in underserved areas.
Impact
This information is meant to be a general summary of Bridgeway Capital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Bridgeway Capital Inc's impact is significant in combatting injustices and advancing opportunities by building capacity, investing capital, and developing underserved areas to grow businesses and revitalize places. Through lending activities, Bridgeway Capital has benefited low-income individuals and facilitated the formation and growth of small businesses and organizations in low- to moderate-income communities across 15 counties in Western Pennsylvania and parts of Northern West Virginia and Eastern Ohio. A total of 101 borrowers received loans amounting to $23.5 million, which leveraged an additional $34.5 million in financing. These borrowers encompassed entrepreneurs starting their first business, established businesses expanding operations and creating jobs, as well as non-profits offering critical social services and organizations focused on revitalizing distressed communities. The economic impact of Bridgeway Capital's lending efforts is projected to help create or retain 683 jobs, making a tangible difference in the communities it serves.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PROGRAM INTEREST
Revenue
$4,092,820
LOAN PROGRAM FEES
Revenue
$343,351
CBA/MONMADE PROGRAM REVENUE
Revenue
$143,578
Organization Details
Founding Year
1990
Phone
(412) 201-2450
Principal Officer
Thomas J Bogdewic
Main Address
310 GRANT STREET SUITE 2800, PITTSBURGH, PA, 15219
Website
www.bridgewaycapital.org
NTEE Category
Code: S400 - Community improvement
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