2025-11-10T15:44:58-06:00 2024-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2024-01-01 813815673 BRIDGES IMPACT FOUNDATION BRID 2123805509 125 HIGH STREET 220 BOSTON MA 02110 MICHAEL MCCRELESS EXECUTIVE DIRECTOR 6466907589 2025-11-10 1 1 FREDERICK MARTENS P00298107 2126972299 2024 2025-03-06 01:10:19Z IMPACT FRONTIERS MICHAEL MCCRELESS 125 HIGH STREET 220 BOSTON MA 02110 1286258 0 X N/A X 2016 DE TO FOSTER AND SUPPORT THE DEVELOPMENT OF IMPACT INVESTING, SOCIAL ENTREPRENEURSHIP, AND OTHER INNOVATIVE FUNDING MECHANISMS TO EFFECT SOCIAL CHANGE BY, AMONG OTHER ACTIVITIES, (A) CREATING AND FACILITATING EDUCATIONAL FORUMS, TRAININGS, WORKSHOPS AND PROGRAMS, (B) CONDUCTING, COLLECTING, SUPPORTING, PUBLISHING AND DISSEMINATING RESEARCH, (C) AND DEVELOPING AND PROMOTING COLLABORATIONS, RELATIONSHIPS AND FIELD-BASED PROGRAMS. 7 7 5 7 0 0 455000 714389 379885 571869 0 0 11212 0 846097 1286258 1000 0 0 0 693821 844299 0 0 60164 219219 337115 914040 1181414 -67943 104844 688795 845884 142044 194289 546751 651595 X TO FOSTER AND SUPPORT THE DEVELOPMENT OF IMPACT INVESTING, SOCIAL ENTREPRENEURSHIP, AND OTHER INNOVATIVE FUNDING MECHANISMS TO EFFECT SOCIAL CHANGE BY, AMONG OTHER ACTIVITIES, (A) CREATING AND FACILITATING EDUCATIONAL FORUMS, TRAININGS, WORKSHOPS AND PROGRAMS, (B) CONDUCTING, COLLECTING, SUPPORTING, PUBLISHING AND DISSEMINATING RESEARCH, (C) AND DEVELOPING AND PROMOTING COLLABORATIONS, RELATIONSHIPS AND FIELD-BASED PROGRAMS. 0 0 950659 571869 IN 2024, THE BRIDGES IMPACT FOUNDATION CONTINUED TO SPONSOR TWO PROGRAMS: IMPACT FRONTIERS; AND THE MBA IMPACT INVESTMENT NETWORK AND TRAINING (THE TURNER MIINT).IN 2024, IMPACT FRONTIERS OFFERED ITS COHORT-BASED IMPACT MANAGEMENT PROGRAM TO INVESTORS IN CANADA, EUROPE, JAPAN, THE UNITED KINGDOM, AND THE UNITED STATES. IT PUBLISHED THE IMPACT PERFORMANCE REPORTING NORMS FOLLOWING A YEARLONG PROCESS OF PUBLIC CONSULTATION INVOLVING MORE THAN 350 INVESTORS AND SERVICE PROVIDERS. FINALLY, IT CONCLUDED ITS CONSENSUS-BUILDING INITIATIVE ON IMPACT MANAGEMENT FOR SOCIAL EQUITY.THE TURNER MBA IMPACT INVESTING NETWORK AND TRAINING (THE MIINT) IS THE WORLD'S LARGEST AND MOST EFFECTIVE MULTI-UNIVERSITY COURSE ON IMPACT INVESTING, OPERATED IN PARTNERSHIP WITH THE UNIVERSITY OF PENNSYLVANIA'S WHARTON SCHOOL OF BUSINESS. IN 2024, THE PROGRAM CULMINATED ITS 13TH YEAR WITH 40 TOP BUSINESS AND POLICY PROGRAMS FROM AROUND THE WORLD. 950659 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 0 0 NY X THE ORGANIZATION 2123805509 125 HIGH STREET 220 BOSTON MA 02110 BRIAN TRELSTAD PRESIDENT 2.00 X X 0 0 0 MICHELE GIDDENS SECRETARY 1.00 X X 0 0 0 BRIAN WALSH TREASURER 1.00 X X 0 0 0 PETER BERNARD BOARD MEMBER 1.00 X 0 0 0 JOANNA COHEN BOARD MEMBER 1.00 X 0 0 0 EDUARDO MEDEIROS BOARD MEMBER 1.00 X 0 0 0 TASHA SEITZ BOARD MEMBER 1.00 X 0 0 0 MICHAEL MCCRELESS EXECUTIVE DIRECTOR 40.00 X 182225 0 7253 ADWOA ASARE PROGRAM DIRECTOR 40.00 X 137160 0 12708 NAO SUDO DIRECTOR 40.00 X 115087 0 23851 434472 0 43812 3 0 1 0 0 714389 714389 PROGRAM SERVICE FEES 541900 571869 571869 571869 1286258 571869 0 0 X 189478 151582 18948 18948 570263 472263 62601 35399 16462 13675 1822 965 25920 21289 2784 1847 42176 34641 4530 3005 35018 35018 203629 203629 63568 29382 34186 3671 3671 24198 24198 7031 7031 1181414 950659 170591 60164 624915 377323 5000 5000 30000 300000 10000 152910 1198 23938 13287 17682 10651 688795 845884 24961 88598 117083 105691 142044 194289 X 266751 351595 280000 300000 546751 651595 688795 845884 104844 0 X 0 1 X 1 0 X 140000 55663 530044 455000 714389 1895096 140000 55663 530044 455000 714389 1895096 1178412 716684 1 1 360 150 11212 11722 1906819 2105011 0.37590 0.49700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6588 4612 1976 17350 8675 8675 10651 1286258 0 1286258 0 1286258 1181414 0 1181414 0 1181414 X X 0 0 0 0 0 0 0 0 0 MICHAEL MCCRELESS EXECUTIVE DIRECTOR 182225 0 0 0 0 0 7253 0 0 0 189478 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BRIAN TRELSTAD, PRESIDENT AND MICHELE GIDDENS, SECRETARY, ARE PARTNERS AND BOARD MEMBERS OF BRIDGES FUND MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS, IS REVIEWED BY THE PRESIDENT, AND THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO THE CORPORATION'S DIRECTORS, OFFICERS, AND KEY EMPLOYEES ("COVERED PERSONS"). EACH COVERED PERSON IS REQUIRED TO ACKNOWLEDGE, NOT LESS THAN ANNUALLY, THAT HE OR SHE HAS READ AND IS IN COMPLIANCE WITH THE POLICY. WHEN A COVERED PERSON BECOMES AWARE OF A PROPOSED COVERED TRANSACTION, HE OR SHE HAS A DUTY TO TAKE THE FOLLOWING ACTIONS: (A) IMMEDIATELY DISCLOSE THE EXISTENCE AND CIRCUMSTANCES OF SUCH COVERED TRANSACTION IN WRITING, EITHER TO THE CORPORATION'S BOARD OF DIRECTORS (THE "BOARD") OR ANY AUTHORIZED COMMITTEE THEREOF; (B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE CORPORATION TO ENTER INTO THE COVERED TRANSACTION; AND (C) PHYSICALLY EXCUSE HIMSELF OR HERSELF FROM PARTICIPATION IN ANY DISCUSSIONS REGARDING THE COVERED TRANSACTION WITH DIRECTORS, OFFICERS, AND EMPLOYEES OF THE CORPORATION AND AT MEETINGS OF THE BOARD OR AUTHORIZED COMMITTEE THEREOF, EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION ABOUT THE COVERED TRANSACTION. IN ORDER TO ASSIST THE CORPORATION IN IDENTIFYING POTENTIAL COVERED TRANSACTIONS, EACH COVERED PERSON IS REQUIRED TO ANNUALLY COMPLETE A DISCLOSURE STATEMENT, AND TO UPDATE SUCH STATEMENT AS NECESSARY TO REFLECT CHANGES DURING THE COURSE OF THE YEAR. COMPLETED DISCLOSURE STATEMENTS ARE AVAILABLE FOR INSPECTION BY ANY MEMBER OF THE BOARD AND MAY BE REVIEWED BY THE CORPORATION'S LEGAL COUNSEL. THE BOARD IS RESPONSIBLE FOR THE FOLLOWING: (A) REVIEWING DISCLOSURE STATEMENTS OR REPORTS REGARDING SAME; (B) RECEIVING DISCLOSURES OF PROPOSED COVERED TRANSACTIONS; (C) REVIEWING PROPOSED COVERED TRANSACTIONS TO DETERMINE WHETHER THEY MEET THE STANDARD FOR APPROVAL OF COVERED TRANSACTIONS; AND (D) KEEPING, OR CAUSING TO BE KEPT, MINUTES AND SUCH OTHER DOCUMENTATION AS MAY BE NECESSARY AND APPROPRIATE TO DOCUMENT THE REVIEW OF COVERED TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15A THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND THE UPWARD FEEDBACK ARE REVIEWED ANNUALLY BY THE BOARD. THE COMPENSATION IS APPROVED BY THE BOARD. THE ONLY SALARY INCREASE FOR THE EXECUTIVE DIRECTOR TO DATE HAS BEEN DIRECTLY TIED TO THE COST OF LIVING ADJUSTMENT SET BY THE SOCIAL SECURITY ADMINISTRATION. FORM 990, PART VI, SECTION C, LINE 19 BRIDGES IMPACT FOUNDATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROGRAM CONSULTANTS AND OTHER FEES: PROGRAM SERVICE EXPENSES 203,629. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 203,629.