Financial Overview
Bridges does not seek or receive federal
or state funding. In the 2015 – 2016 year,
our income was derived from one annual
appeal, BridgeFest (a biannual fundraising
event), foundation grants, individual
donors, matching gifts, and interest
income.
Grant Awards:
Donations: Bridges received and distributed donations
of more than 62,000 brown bag lunches, including 13,000
sustainable lunches, and 19,000 seasonal goods including
coats, boots, pajamas, and toys for sheltered children.
Literally tons of donated clothing were also distributed.
Our donors include groups from houses of worship, clubs,
schools, corporations and individuals. Through careful
inventory of our distribution, we estimate the value of these
donations to be $604,403.
Christ Church, Summit
Overhead: Administration and fundraising are 13% of our
overall expenses.
Bridges gratefully acknowledges the following foundations
and corporations for their financial support.
BJ’s Charitable Foundation
Newark Arts Council
Breakthru Beverage
Optum/UnitedHealth Group
Carvel Foundation
PIMCO Foundation
Central Presbyterian Church,
Summit
Prudential Foundation
Comprehensive Health
Management
Dun & Bradstreet
Hillsdale Fund, Inc.
P
Investors Bank Foundation
Junior League of Summit
Select Equity Group
Foundation
ShopRite
Summit Area Public
Foundation
Summit Luminary Fund
The Healthcare Foundation
of New Jersey
Lydia Collins Deforest
Charitable Trust
Victoria Foundation, Inc.
MCJ Amelior Foundation
Wine Library
Wilf Family Foundations
Income
Expenses
Contributions: 19%
Program: 87%
Grants: 27%
Management
and General: 8%
Fundraising
Event: 49%
Fundraising: 5%
Donated Goods
and Services: 5%
Income 2015-2016
Expenses 2015-2016
Income: Total income for the fiscal year ending May 31,
Expenses: Total Expenses for the fiscal year ending
2016, is $1,231,203, including donated goods and services.
May 31, 2016, are $1,210,062 including donated goods.
Program Expenses include but are not limited to: purchase
of new goods, storage of donated and new goods, direct
program salaries, truck and related expenses, volunteer
training and shelter programs.
Financial Overview
Independent Audit: An independent audit of financial statements for the fiscal year ending May 31, 2016 was
conducted by James Wood, CPA. A full copy of the audit is available upon request