2023-11-15T09:42:31-06:00 2022-12-31 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2022-01-01 311625487 THE BRIDGESPAN GROUP INC BRID 6175722833 2 COPLEY PLACE 3700B BOSTON MA 02116 AMANDA TAFT-PEARMAN TREASURER 6175722833 2023-11-09 1 AMANDA TAFT-PEARMAN 999009999 0 CRAIG KLEIN P00734640 6177610600 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM FOSTER 2 COPLEY PLACE 3700B BOSTON MA 02116 102484601 0 X WWW.BRIDGESPAN.ORG X 1998 DE BRIDGESPAN'S MISSION IS TO STRENGTHEN THE ABILITY OF MISSION-DRIVEN ORGANIZATIONS AND PHILANTHROPISTS TO ACHIEVE BREAKTHROUGH RESULTS IN ADDRESSING SOCIETY'S MOST IMPORTANT CHALLENGES AND OPPORTUNITIES. 14 11 407 11 1952636 335802 38220610 39395629 56619709 62659873 10026 337873 97788 91226 94948133 102484601 0 0 0 0 49430953 58948224 0 0 743690 12617501 14967257 62048454 73915481 32899679 28569120 174186501 204720602 24903716 29429821 149282785 175290781 X BRIDGESPAN'S MISSION IS TO STRENGTHEN THE ABILITY OF MISSION-DRIVEN ORGANIZATIONS AND PHILANTHROPISTS TO ACHIEVE BREAKTHROUGH RESULTS IN ADDRESSING SOCIETY'S MOST IMPORTANT CHALLENGES AND OPPORTUNITIES. 0 0 27902523 32639043 ADVANCING PHILANTHROPY: PHILANTHROPY IS A CRITICAL ENABLER OF IMPACT IN THE SECTOR. WE HAVE HAD IMPORTANT OPPORTUNITIES TO WORK WITH PHILANTHROPISTS, FOUNDATIONS AND IMPACT INVESTORS ON THEIR SOCIAL CHANGE STRATEGIES AS WELL AS WITH GRANTEES IN PHILANTHROPY PORTFOLIOS. IN 2022, WE WERE FORTUNATE TO COLLABORATE WITH SEVERAL AMBITIOUS PHILANTHROPISTS AS WELL AS INSTITUTIONAL PHILANTHROPIES SEARCHING FOR EFFECTIVE WAYS TO ACHIEVE LARGE-SCALE IMPACT WITH THEIR GIVING AND WITH IMPACT INVESTORS THAT SEEK SIGNIFICANT SOCIAL RETURN ON THEIR INVESTMENTS. A CORE OBJECTIVE OF BRIDGESPAN HAS ALWAYS BEEN TO BRIDGE THE VISIONS OF IMPACT-SEEKING PHILANTHROPISTS WITH THE ON-THE-GROUND WORK OF NONPROFIT LEADERS. 22029247 25556731 STRATEGY ADVISING SERVICES: THE BRIDGESPAN GROUP IS A GLOBAL NONPROFIT THAT STRIVES TO MAKE THE WORLD MORE EQUITABLE AND JUST. SINCE 2000, WE HAVE HAD THE PRIVILEGE OF ADVISING AND COLLABORATING WITH MANY OF THE WORLD'S MOST EXTRAORDINARY SOCIAL CHANGE LEADERS INCLUDING PHILANTHROPISTS, NONPROFIT AND NGO LEADERS, AND IMPACT INVESTORS.WE ARE PASSIONATE ABOUT HELPING SOCIAL CHANGE LEADERS FIND SOLUTIONS TO ECONOMIC AND SOCIAL BARRIERS THAT PERPETUATE INEQUITIES AND PREVENT INDIVIDUALS, FAMILIES, AND COMMUNITIES FROM HAVING ACCESS TO OPPORTUNITIES THEY NEED TO THRIVE. WE USE RIGOROUS RESEARCH TO GAIN INSIGHTS THAT HELP OUR CLIENTS SOLVE PROBLEMS AND ACHIEVE THEIR GOALS.OUR SERVICES INCLUDE STRATEGY CONSULTING AND ADVISING, SOURCING AND DILIGENCE, AND LEADERSHIP TEAM SUPPORT. WE TAKE WHAT WE LEARN FROM THIS WORK AND BUILD ON IT WITH ORIGINAL RESEARCH, IDENTIFYING BEST PRACTICES AND INNOVATIVE IDEAS TO SHARE WITH THE SOCIAL SECTOR. 5862853 DEVELOPING AND SHARING INSIGHTS: BRIDGESPAN COLLABORATES WITH A BROAD RANGE OF SOCIAL SECTOR LEADERS TO DEVELOP AND SHARE IDEAS, TOOLS, AND INSIGHTS THAT CAN ACCELERATE SOCIAL IMPACT. IN 2022, BRIDGESPAN ADVANCED KNOWLEDGE IN THE FIELD THROUGH A RANGE OF PUBLICATIONS AND OTHER ACTIVITIES INCLUDING 11 MAJOR ARTICLES, ONE PODCAST SERIES, AND 42 SHORT ARTICLES, BLOGS, AND OP-EDS. ARTICLES PUBLISHED ON BRIDGESPAN.ORG SOUGHT TO ENGAGE OUR AUDIENCE ON TOPICS SUCH AS DECISION MAKING, MEASUREMENT, GENDER EQUITY, AND COMMUNITY-DRIVEN CHANGE. EXAMPLES INCLUDE:FIVE WAYS THAT NONPROFITS CAN MAKE DECISION MAKING MORE INCLUSIVE AND MORE EFFECTIVECONVERSATION STARTER: GETTING STARTED WITH RAPID DECISION MAKING THE RAPID DECISION-MAKING TOOL FOR NONPROFITS BRIDGESPAN.ORG, 1/13/2022BY MIKE CICCARONE, PREETA NAYAK, YONATAN ARAIA, AND BRADLEY SEEMANMAKING THE CASE: PHILANTHROPY'S ROLE IN THE MOVEMENT TO REIMAGINE CRIMINAL JUSTICEINTRODUCTORY VIDEO: MAKING THE CASE: PHILANTHROPY'S ROLE IN THE MOVEMENT TO REIMAGINE CRIMINAL JUSTICE BRIDGESPAN.ORG, 3/17/2022BY ALLANA JACKSON, ALEXANDRA WILLIAMS, LESLIE HICKS, YIZHI HU, AND CORA DANIELSLIGHTING THE WAY: A REPORT FOR PHILANTHROPY ON THE POWER AND PROMISE OF FEMINIST MOVEMENTSBRIDGESPAN.ORG, 5/5/2022BY PAMELA SHIFMAN, SWATEE DEEPAK, TYNESHA MCHARRIS, AND ANNA QUINN OF SHAKE THE TABLE, AND NIDHI SAHNI, DEBBY BIELAK, STEPHANIE KATER, AND JASMINE RELIFORDPOWERED BY THE PEOPLE: COMMUNITY-DRIVEN CHANGE IN URBAN INFORMAL SETTLEMENTSBRIDGESPAN.ORG, 6/1/2022BY PRITHA VENKATACHALAM, JAN SCHWIER, KESHAV KANORIA, ERICA LEZAMA, AMRUTHA DATLA, AND BILL BREENBRIDGING THE GAP ON FUNDING THE TRUE COSTS OF NGOS IN INDIAHOW TO BUILD AN ORGANISATIONAL DEVELOPMENT PLAN TOOLKITBRIDGESPAN.ORG, 6/21/2022BY PRITHA VENKATACHALAM, DONALD YEH, SHASHANK RASTOGI, ANUSHKA SIDDIQUI, KANIKA GUPTA, LAHARI SHEKAR, AND ROGER THOMPSONTHE FUTURE OF DOMESTIC PHILANTHROPY IN INDIABRIDGESPAN.ORG AND BAIN & COMPANY ONLINE, 7/20/2022BY ANANT BHAGWATI, KARAN SINGH, SUDARSHAN SAMPATHKUMAR, SAMBIT PATRA, AND JASLEEN KAURPATHWAYS TO GREATER SOCIAL MOBILITY FOR INDIA'S DALIT AND ADIVASI COMMUNITIESBRIDGESPAN.ORG, 7/28/2022BY RITI MOHAPATRA, SOUMITRA PANDEY, RISHABH TOMAR, CHANDA JAIN, JIGYASA KHATTAR, ROGER THOMPSONHOW NONPROFITS CAN INCORPORATE EQUITY INTO THEIR MEASUREMENT, EVALUATION, AND LEARNING HOW TO MEASURE WITH EQUITY - CONVERSATION STARTER BRIDGESPAN.ORG, 9/20/2022BY MARIAH COLLINS, SEBASTIAN GONZALEZ, ELIAS ROSENFELD, AND BRADLEY SEEMANUNLOCKING SOCIAL PROGRESS BY ADDRESSING STRUCTURAL RACISMBRIDGESPAN.ORG, 9/28/2022BY BY BRITT SAVAGE, CORA DANIELS, MICHAEL BORGER, AND PETER KIMPODCAST: DREAMING IN COLORBRIDGESPAN HOST: DARREN ISOMIN ADDITION TO PUBLISHING MAJOR ARTICLES ON BRIDGESPAN.ORG, BRIDGESPAN PARTNERS AND MANAGERS CONTRIBUTED SHORT ARTICLES TO CENTER FOR EFFECTIVE PHILANTHROPY, THE CHRONICLE OF PHILANTHROPY, STANFORD SOCIAL INNOVATION REVIEW, INDIA DEVELOPMENT REVIEW, AND INSIDE PHILANTHROPY. EXAMPLES INCLUDE:HOW PLACE-BASED FUNDERS BUILD BETTER COMMUNITY PARTNERSHIPS THE CENTER FOR EFFECTIVE PHILANTHROPY ONLINE, 1/13/2022BY DEBBY BIELAK AND MARION MICHIEKADONOR COLLABORATIVES ARE A NEW APPROACH THAT ADVANCES EQUITY AND EFFICIENCYTHE CHRONICLE OF PHILANTHROPY ONLINE, 3/10/2022BY ALISON POWELL, SIMON MORFIT, AND MICHAEL JOHNWHAT EVERYONE CAN LEARN FROM LEADERS OF COLORSTANFORD SOCIAL INNOVATION REVIEW, 6/22/2022BY DARREN ISOM, CORA DANIELS, AND BRITT SAVAGEFOR CSR TO REACH ITS FULL POTENTIAL, SIGNING A CHEQUE IS ONLY THE BEGINNINGINDIA DEVELOPMENT REVIEW, 11/26/2022BY ANANT BHAGWATI AND KEERAN SINGHIF YOU CARE ABOUT CLIMATE CHANGE, FUND FEMINIST MOVEMENTSINSIDE PHILANTHROPY, 11/10/2022BY NIDHI SAHNI, DEBBY BIELAK, AND SONALI PATELSUBSCRIPTIONS TO BRIDGESPAN'S NEWSLETTERS, THE BRIDGESPAN KNOWLEDGE LETTER, LEADERSMATTER, AND ALERTS, HAVE REACHED A COMBINED TOTAL OF 51,000 AT THE END OF 2022.MEMBERS OF BRIDGESPAN ALSO PARTICIPATED IN 84 CONFERENCES, ONLINE CONVENINGS AND WEBINARS. OF THOSE, BRIDGESPAN STAFF GAVE 80 PRESENTATIONS, INCLUDING 16 BRIDGESPAN-HOSTED WEBINARS. 5756698 2511463 LEADERSHIP: BRIDGESPAN COLLABORATES WITH SOCIAL SECTOR LEADERS TO SUPPORT THE DEVELOPMENT OF OUTSTANDING MISSION-DRIVEN LEADERS AND LEADERSHIP TEAMS. WE HELP THEM TO DEVELOP LEADERSHIP SKILLS THROUGH OUR PROGRAM, LEADING FOR IMPACT, A CONSULTING AND CAPACITY BUILDING PROGRAM FOR NONPROFIT EXECUTIVE TEAMS WHICH HAS SERVED 430 ORGANIZATIONS AND 2,502 LEADERS SINCE ITS INCEPTION IN 2012. IN 2018, WE LAUNCHED THE BRIDGESPAN LEADERSHIP ACCELERATOR WHICH OFFERS GUIDED ONLINE PROGRAMS TO HELP NONPROFIT EXECUTIVE TEAMS WITH THEIR STRATEGIC CHALLENGES. SINCE THEN, WE HAVE SUPPORTED 558 ORGANIZATIONS AND 2,682 LEADERS IN THE ACCELERATOR'S FOUR PROGRAMS (ACHIEVING STRATEGIC CLARITY, INVESTING IN FUTURE LEADERS, STRENGTHENING THE EXECUTIVE TEAM, AND CREATING AN ADAPTIVE PLAN). 5756698 2511463 61551321 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 58 0 1 407 1 1 1 1 IN SF 0 0 0 0 0 0 0 0 0 0 X 14 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA CA NY X AMANDA TAFT-PEARMAN 6175722833 2 COPLEY PLACE SUITE 3700B BOSTON MA 02116 FRED BLACKWELL TRUSTEE 1.00 0.00 X 0 0 0 MAYA CHORENGEL TRUSTEE 1.00 0.00 X 0 0 0 STEVEN DENNING TRUSTEE (UNTIL MARCH 2022) 1.00 0.00 X 0 0 0 JOHN DONAHOE TRUSTEE 1.00 0.00 X 0 0 0 CHERYL DORSEY TRUSTEE 1.00 0.00 X 0 0 0 KARA GRUVER TRUSTEE 1.00 0.00 X 0 0 0 GREG GUNN TRUSTEE 1.00 0.00 X 0 0 0 JULIA LOPEZ TRUSTEE 1.00 0.00 X 0 0 0 MANNY MACEDA TRUSTEE 1.00 0.00 X 0 0 0 NITIN NOHRIA TRUSTEE 1.00 0.00 X 0 0 0 NDIDI OKONKWO NWUNELI TRUSTEE 1.00 0.00 X 0 0 0 REBECCA RIMEL TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY L BRADACH PARTNER/TRUSTEE 50.00 0.00 X 505065 0 59451 THOMAS J TIERNEY CHAIRMAN 20.00 0.00 X X 0 0 30618 WILLIAM FOSTER PRESIDENT 50.00 0.00 X X 500780 0 66155 AMANDA TAFT-PEARMAN TREASURER 48.00 0.00 X 349728 0 45056 JAMES LUM THRU 2323 PARTNER/CHIEF FINAN & INFO OFFICER 50.00 0.00 X 287242 0 63613 ANDREW BELTON PARTNER 50.00 0.00 X 264885 0 62316 PREETA NAYAK PARTNER 50.00 0.00 X 355842 0 43362 PETER KIM PARTNER 50.00 0.00 X 342604 0 66730 NIDHI SAHNI PARTNER 50.00 0.00 X 370942 0 42772 GAIL PERREAULT PARTNER 46.00 0.00 X 333756 0 63916 NITHIN IYENGAR PARTNER 50.00 0.00 X 317171 0 63849 ALLANA JACKSON PARTNER 50.00 0.00 X 336275 0 43559 ALEX NEUHOFF PARTNER 50.00 0.00 X 317171 0 63805 PAUL ROSENBERG PARTNER 50.00 0.00 X 356585 0 64708 WILLA SELDON PARTNER 50.00 0.00 X 359807 0 36709 MICHAEL ETZEL PARTNER 50.00 0.00 X 310924 0 68296 STEPHANIE KATER PARTNER 50.00 0.00 X 331004 0 42696 LAURA LANZEROTTI PARTNER 50.00 0.00 X 324144 0 63835 WILLIAM COWEN THRU 42823 FORMER SENIOR FINANCE DIRECTOR 50.00 0.00 X 184577 0 60686 6148502 0 1052132 180 1 1 0 CROWE PO BOX 71570 CHICAGO IL 60694 CONSULTING 283530 BIZSTREAM 11480 53RD AVE SUITE A ALLENDALE MI 49401 WEB DEVELOPMENT 152729 NEXT STEP PARTNERS LLC 1432 HYDE STREET SAN FRANCISCO CA 94109 COACHING 142000 HANCOCK LEADERSHIP GROUP PO BOX 279 BOSTON MA 02110 CONSULTING 132238 CONVERGEONE INC PO BOX 1450 MINNEAPOLIS MN 55485 IT 121145 9 39395629 39395629 ADVANCING PHILANTHROPY 900099 32639043 32639043 STRATEGY ADVISORY SERVICES 541610 27509367 25556731 1952636 LEADERSHIP 900099 2511463 2511463 62659873 337873 337873 MISCELLANEOUS 541610 91226 91226 91226 102484601 60707237 1952636 429099 3910521 2960834 724087 225600 47164387 40970742 5875651 317994 2670936 2146097 492788 32051 5202380 4771650 404426 26304 2598647 2301014 297633 107858 107858 116160 116160 173602 36382 137220 1346330 548219 749371 48740 1583986 1272405 292553 19028 2679986 2152814 494978 32194 1284497 1031828 237239 15430 185723 185723 PROJECT EXPENSE 1974748 1469279 505469 RECRUITING 873438 562467 310971 TRAINING 639666 361134 278532 SUPPLIES 583418 242370 320221 20827 819198 724086 89590 5522 73915481 61551321 11620470 743690 64743894 17083074 37529563 99939894 23028314 30638893 11689359 14724658 779736 672316 9832918 6192502 3332047 3640416 27638998 29069340 5444590 8952011 174186501 204720602 20230663 27336583 4673053 2093238 24903716 29429821 X 46094514 48052849 103188271 127237932 149282785 175290781 174186501 204720602 28569120 -2561124 0 X 0 1 X 1 0 X 2024903 12497902 74702330 38220610 39395629 166841374 2024903 12497902 74702330 38220610 39395629 166841374 72338471 94502903 490329 690179 495469 10026 337873 2023876 382184 303407 589389 876156 336802 2487938 23794 9381 163289 97788 91226 385478 171738666 223485162 0.55030 0.59780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 23,794. 2019 AMOUNT: $ 9,381. 2020 AMOUNT: $ 163,289. 2021 AMOUNT: $ 97,788. 2022 AMOUNT: $ 91,226. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5576634 4102753 1473881 3409489 1895062 1514427 846795 194687 652108 3640416 X 99923477 -2561124 -2561124 102484601 0 102484601 73915481 0 73915481 0 73915481 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATION OF ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS. HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN UNCERTAINTIES REQUIRING RECOGNITION. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL, STATE AND FOREIGN INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. SOUTH ASIA 0 0 INVESTMENT 1769695 SUB-SAHARAN AFRICA 0 0 INVESTMENT 393454 0 0 0 0 0 0 2163149 0 2163149 0 0 1 0 0 0 PART III ACCOUNTING METHOD: X X X X 0 0 0 0 0 0 0 1 0 WILLIAM FOSTER PRESIDENT 484340 0 16440 0 0 0 34225 0 31930 0 566935 0 0 0 JEFFREY L BRADACH PARTNER/TRUSTEE 482565 0 22500 0 0 0 28000 0 31451 0 564516 0 0 0 PAUL ROSENBERG PARTNER 340835 0 15750 0 0 0 34090 0 30618 0 421293 0 0 0 NIDHI SAHNI PARTNER 336679 0 13763 0 20500 0 6300 0 36472 0 413714 0 0 0 PETER KIM PARTNER 330104 0 12500 0 0 0 32789 0 33941 0 409334 0 0 0 PREETA NAYAK PARTNER 321061 0 14281 0 20500 0 12744 0 30618 0 399204 0 0 0 GAIL PERREAULT PARTNER 320812 0 12944 0 0 0 33298 0 30618 0 397672 0 0 0 WILLA SELDON PARTNER 344057 0 15750 0 0 0 34900 0 1809 0 396516 0 0 0 AMANDA TAFT-PEARMAN TREASURER 314300 0 14928 0 20500 0 13255 0 31801 0 394784 0 0 0 LAURA LANZEROTTI PARTNER 287346 0 36798 0 0 0 32737 0 31098 0 387979 0 0 0 NITHIN IYENGAR PARTNER 304671 0 12500 0 0 0 33231 0 30618 0 381020 0 0 0 ALEX NEUHOFF PARTNER 303671 0 13500 0 0 0 33187 0 30618 0 380976 0 0 0 ALLANA JACKSON PARTNER 302775 0 13000 0 20500 0 11545 0 32014 0 379834 0 0 0 MICHAEL ETZEL PARTNER 297424 0 13500 0 0 0 31563 0 36733 0 379220 0 0 0 STEPHANIE KATER PARTNER 298648 0 11856 0 20500 0 12078 0 30618 0 373700 0 0 0 JAMES LUM THRU 2323 PARTNER/CHIEF FINAN & INFO OFFICER 266992 0 20250 0 0 0 32145 0 31468 0 350855 0 0 0 ANDREW BELTON PARTNER 264885 0 0 0 0 0 31698 0 30618 0 327201 0 0 0 WILLIAM COWEN THRU 42823 FORMER SENIOR FINANCE DIRECTOR 184577 0 0 0 0 0 28880 0 31806 0 245263 0 0 0 PART I, LINE 7 DISCRETIONARY COMPENSATION TO A SELECT NUMBER OF STAFF FOR OUTSTANDING PERFORMANCE. PART II, COLUMN B(II): THIS COLUMN INCLUDES 1) DISCRETIONARY COMPENSATION PAID TO A SELECT NUMBER OF STAFF FOR OUTSTANDING PERFORMANCE, AND 2) AMOUNTS PAID PURSUANT TO THE ORGANIZATION'S INCENTIVE COMPENSATION PROGRAM FOLLOWING ACHIEVEMENT OF CERTAIN ORGANIZATION-WIDE PERFORMANCE GOALS. FORM 990, PART VI, SECTION B, LINE 11B BRIDGESPAN'S FORM 990 WAS PREPARED BY SENIOR MANAGEMENT AND OUR TAX ADVISORS AFTER THE COMPLETION OF THE ANNUAL AUDIT. A DRAFT COPY OF THE FORM 990 IS REVIEWED WITH THE AUDIT COMMITTEE, AND A SUBSEQUENT DRAFT INCORPORATING THEIR COMMENTS IS PREPARED AND SHARED WITH THE FULL BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BRIDGESPAN'S CONFLICT OF INTEREST POLICY REQUIRES THAT MEMBERS OF THE BOARD OF TRUSTEES, AND MEMBERS OF THE STAFF DESIGNATED AS MANAGEMENT (INCLUDING ALL OFFICERS AND KEY EMPLOYEES) COMPLETE A CONFLICT OF INTEREST FORM THAT REQUIRES DISCLOSURE OF ANY INTEREST THAT COULD GIVE RISE TO CONFLICT. THIS PROCESS IS REPEATED ANNUALLY, IN MARCH. THE MANAGING PARTNER AND A COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE COMPLETED FORMS, AND ADDRESSES CONFLICTS AS THEY ARISE. THE INTERESTED PERSON WHO HAS A CONFLICT MAY NOT VOTE ON MATTERS FOR WHICH THERE IS A CONFLICT OF INTEREST AND THEY MUST BE EXCLUDED FROM DISCUSSIONS OF MATTERS FOR WHICH THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 BRIDGESPAN UTILIZES A PROCESS TO ENSURE THAT COMPENSATION FOR PARTNERS IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS, AND THAT IT IS BASED ON COMPARABLE COMPENSATION DATA FROM OTHER ORGANIZATIONS. COMPENSATION FOR THE MANAGING PARTNERS AND OTHER PARTNERS AT BRIDGESPAN IS REVIEWED AND DELIBERATED ANNUALLY BY THE BRIDGESPAN BOARD OF TRUSTEES, AND CHANGES TO COMPENSATION LEVELS ARE MADE ONLY WITH THE APPROVAL OF THE FULL BOARD. BRIDGESPAN COMMISSIONS AN INDEPENDENT THIRD-PARTY COMPENSATION SURVEY EVERY THREE YEARS FROM AN OUTSIDE CONSULTING FIRM SPECIALIZING IN COMPENSATION TO PROVIDE BENCHMARKING INFORMATION ON COMPENSATION FOR SIMILAR POSITIONS IN OTHER ORGANIZATIONS. IN YEARS WHEN THE INDEPENDENT THIRD-PARTY SURVEY IS NOT BEING CONDUCTED, THE BOARD MAKES INQUIRIES WITH COMPENSATION EXPERTS AND OTHER INDEPENDENT SOURCES TO DETERMINE WHETHER THERE HAVE BEEN ANY SIGNIFICANT CHANGES OR TRENDS THAT COULD IMPACT PARTNER COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND FORM 990 OF THE ORGANIZATION ARE MADE AVAILABLE TO THE PUBLIC VIA THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE. THE ORIGINAL CORPORATE BYLAWS ARE PART OF BRIDGESPAN'S FORM 1023, WHICH IS A PUBLIC REQUEST DOCUMENT. THE BRIDGESPAN GROUP'S CONFLICT OF INTEREST POLICY IS MADE AVAILABLE UPON REQUEST. 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