Quick charity verification for Bridgemill Foundation (EIN: 133671059)
Verdict: Bridgemill Foundation appears trustworthy
70/100Mission Score
$4.1MRevenue
$20.6MAssets
3Red Flags
3Strengths
Red Flags
Negative revenue reported in 2023 and 2022 filings without clear explanation.
Consistently reported $1 in liabilities, which is highly unusual for an organization of this size and asset base.
Significant fluctuations in revenue and expenses, indicating potential instability or reliance on market performance for investment income.
Strengths
Strong asset base of over $20 million, providing financial stability.
No reported officer compensation, indicating efficient use of funds for executive salaries.
Long filing history (10 filings), suggesting established operations.
Spending Breakdown
How Bridgemill Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bridgemill Foundation
Is Bridgemill Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridgemill Foundation (EIN: 133671059) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Bridgemill Foundation a good charity to donate to?
Bridgemill Foundation has a Mission Score of 70/100. Revenue: $4.1M. Assets: $20.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bridgemill Foundation?
The Employer Identification Number (EIN) for Bridgemill Foundation is 133671059. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bridgemill Foundation spend its money?
Bridgemill Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bridgemill Foundation's tax-exempt status?
You can verify Bridgemill Foundation's tax-exempt status using EIN 133671059 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Bridgemill Foundation exhibits a highly variable financial performance over the past decade, with significant fluctuations in revenue and expenses. Notably, the organization reported negative revenue in its two most recent filings ($-594,803 in 2023 and $-399,476 in 2022), which is unusual and warrants further investigation into the nature of these figures, potentially indicating investment losses or significant returns of contributions. Despite these negative revenue periods, the foundation maintains substantial assets, reported at $20,553,257 most recently, suggesting a strong endowment or investment portfolio. However, the consistent reporting of only $1 in liabilities across all filings is highly atypical for an organization of this size and could indicate incomplete or simplified financial reporting, raising questions about the accuracy of its balance sheet transparency.
The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the absence of reported officer compensation across all filings is a positive indicator for minimizing overhead related to executive salaries. The significant expenses relative to revenue in several years, such as $4,274,820 in expenses against $1,393,231 in revenue in 2019, suggest that the organization frequently spends more than it brings in through annual revenue, likely drawing from its asset base. This spending pattern, while potentially aligned with its philanthropic mission, requires careful monitoring to ensure long-term sustainability.
Overall, while the Bridgemill Foundation appears to have a strong asset base and no reported executive compensation, the negative revenue figures and the consistently low reported liabilities raise concerns about the clarity and completeness of its financial disclosures. A deeper dive into the nature of its revenue streams and the detailed allocation of its expenses would be necessary to fully understand its operational efficiency and financial health.