Bridgeway Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 371030683 ✦ Galesburg, IL ✦ Designated as a 501(c)(3)

Overview

What is Bridgeway Foundation?

The Bridgeway Foundation, established in Galesburg, Illinois, serves as a nonprofit entity primarily focused on managing and accounting for properties leased to affiliated exempt organizations. Its primary role is to hold title to these properties, ensuring their proper utilization by the affiliated organizations. By providing essential management and accounting services, the Bridgeway Foundation plays a crucial role in supporting the operations and financial wellbeing of its associated organizations.


Is Bridgeway Foundation legitimate?

Bridgeway Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgeway Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Bridgeway Foundation?
Who is the CEO of Bridgeway Foundation?
What is the revenue of Bridgeway Foundation?
Who are the executives of Bridgeway Foundation and what are their salaries?
Where can I find the form 990 for Bridgeway Foundation?

Mission Statement of Bridgeway Foundation

Bridgeway Foundation, as revealed in the provided information, is primarily tasked with holding title to property for lease to other affiliated exempt organizations. This role extends beyond mere property management, as it also involves offering accounting and administrative services to these organizations. In essence, Bridgeway Foundation acts as a supportive entity, providing the necessary infrastructure and financial management tools to enable its affiliated exempt organizations to function effectively and efficiently. This mission enables these organizations to focus on their respective missions, ultimately contributing to the broader societal good.

Impact

This information is meant to be a general summary of Bridgeway Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Bridgeway Foundation's impact lies in its role of holding title to property for lease to other affiliated exempt organizations, while also providing management and accounting services to support these entities. This approach allows these organizations to focus on their core missions and activities without the burden of property management and accounting responsibilities. By providing these essential services, Bridgeway Foundation plays a crucial behind-the-scenes role in facilitating the work of a network of affiliated organizations, ultimately contributing to the overall success and effectiveness of their programs and initiatives.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $419,404
  • Program Service Revenue: $1,208,632
  • Gross Receipts: $2,575,006

    • Assets and Liabilities:
  • Total Assets: $16,478,981
  • Total Liabilities: $373,139
  • Net Assets: $16,105,842
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $818,308

    SERVICE FEES

    Revenue

    $390,324

    Organization Details

    Founding Year

    1977

    Principal Officer

    William Nelson

    Main Address

    2323 N WINDISH DRIVE, GALESBURG, IL, 61401

    If you are a representative of Bridgeway Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.