Bridgemill Foundation
Bridgemill Foundation reports negative revenue in recent years, maintains substantial assets, and shows no officer compensation.
EIN: 133671059 · New Canaan, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $2.4M |
| Program Spending | 80% |
| Net Assets | $20.8M |
| Transparency Score | 70/100 |
Is Bridgemill Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridgemill Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridgemill Foundation
Bridgemill Foundation (EIN: 133671059) is a nonprofit organization based in New Canaan, CT. The organization reported total revenue of $4.1M and total assets of $20.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridgemill Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridgemill Foundation is a mid-size nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -128.3% | -59.6% | -3.9% |
| 2021 | -45.9% | +119.7% | +2.1% |
| 2020 | +87.0% | -64.5% | +9.5% |
| 2019 | +209.7% | +10.5% | +93.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bridgemill Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bridgemill Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Bridgemill Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bridgemill Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for Bridgemill Foundation:
- 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.
Frequently Asked Questions about Bridgemill Foundation
Is Bridgemill Foundation a legitimate charity?
Bridgemill Foundation (EIN: 133671059) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bridgemill Foundation spend its money?
Bridgemill Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bridgemill Foundation tax-deductible?
Bridgemill Foundation is registered as a tax-exempt nonprofit (EIN: 133671059). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bridgemill Foundation's spending goes to programs?
Bridgemill Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bridgemill Foundation located?
Bridgemill Foundation is headquartered in New Canaan, Connecticut and files with the IRS under EIN 133671059.
How many years of IRS 990 filings does Bridgemill Foundation have?
Bridgemill Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.1M in total revenue.
Why does Bridgemill Foundation report negative revenue in its 2023 and 2022 filings?
The negative revenue figures ($-594,803 in 2023 and $-399,476 in 2022) are unusual and could indicate significant investment losses, large returns of contributions, or other non-operating adjustments. Further detail from the full IRS Form 990 would be needed to understand the specific components leading to these negative amounts.
Is the reported $1 in liabilities accurate for an organization with over $20 million in assets?
The consistent reporting of only $1 in liabilities across all filings is highly atypical for an organization of Bridgemill Foundation's size and asset base. This raises questions about the completeness and accuracy of its balance sheet reporting, as most organizations would have various operational liabilities.
How does Bridgemill Foundation sustain its operations given periods of negative revenue and high expenses?
Given the substantial assets ($20,553,257) and periods where expenses significantly exceed revenue (e.g., $4,274,820 expenses vs. $1,393,231 revenue in 2019), it appears the foundation likely draws from its endowment or investment portfolio to cover operational and programmatic costs, rather than relying solely on annual contributions.
Filing History
IRS 990 filing history for Bridgemill Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bridgemill Foundation's revenue has declined by 119%, moving from $3.1M to $-594,803. Total assets increased by 154.4% over the same period, from $8.2M to $20.8M. Total functional expenses rose by 89.8%, from $1.3M to $2.4M. The organization holds $1 in liabilities against $20.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-594,803 | $2.4M | $20.8M | $1 | — | — |
| 2022 | $-399,476 | $1.3M | $22.1M | $1 | — | View 990 |
| 2021 | $1.4M | $3.3M | $23.0M | $1 | — | View 990 |
| 2020 | $2.6M | $1.5M | $22.5M | $1 | — | View 990 |
| 2019 | $1.4M | $4.3M | $20.6M | $1 | — | — |
| 2015 | $450K | $3.9M | $10.6M | $1 | — | View 990 |
| 2014 | $1.8M | $2.5M | $13.5M | $1 | — | View 990 |
| 2013 | $2.7M | $713K | $12.1M | $1 | — | View 990 |
| 2012 | $1.0M | $572K | $8.9M | $1 | — | View 990 |
| 2011 | $3.1M | $1.3M | $8.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-594,803, expenses of $2.4M, and assets of $20.8M.
- 2022: Revenue of $-399,476, expenses of $1.3M, and assets of $22.1M (revenue -128.3% year-over-year).
- 2021: Revenue of $1.4M, expenses of $3.3M, and assets of $23.0M (revenue -45.9% year-over-year).
- 2020: Revenue of $2.6M, expenses of $1.5M, and assets of $22.5M (revenue +87.0% year-over-year).
- 2019: Revenue of $1.4M, expenses of $4.3M, and assets of $20.6M (revenue +209.7% year-over-year).
- 2015: Revenue of $450K, expenses of $3.9M, and assets of $10.6M (revenue -74.7% year-over-year).
- 2014: Revenue of $1.8M, expenses of $2.5M, and assets of $13.5M (revenue -34.4% year-over-year).
- 2013: Revenue of $2.7M, expenses of $713K, and assets of $12.1M (revenue +164.3% year-over-year).
- 2012: Revenue of $1.0M, expenses of $572K, and assets of $8.9M (revenue -67.3% year-over-year).
- 2011: Revenue of $3.1M, expenses of $1.3M, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridgemill Foundation:
Data Sources and Methodology
This transparency report for Bridgemill Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.