Bridgeway Capital Inc.
Bridgeway Capital Inc.
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About this organization
Mission
Bridgeway Capital strives to make Western Pennsylvania a thriving region for all by providing entrepreneurs, nonprofits, and growing small businesses with capital and educational opportunities necessary to strengthen social services and create new businesses and new jobs.
About
Lending by Bridgeway Capital benefited low-income people and assisted in the formation and growth of small businesses and nonprofit organizations in low- to moderate-income communities across 15 counties in Western Pennsylvania. 98 borrowers received loans totaling $23.1 million, which leveraged $53 million in additional financing. Borrowers ranged from entrepreneurs starting their first business to established businesses expanding operations and developing their job base, to nonprofits providing critical social services and organizations focused on revitalizing distressed communities. The economic impact of this lending is projected to help create or retain 804 jobs.
Interesting data from their 2020 990 filing
The purpose of the non-profit is stated in the filing as “See schedule obridgeway capital works to make western pennsylvania a thriving region for all by promoting economic opportunity and community revitalization. bridgeway capital assists underserved populations by providing capital and education to ignite business and job growth, develop communities, support entrepreneurs and expand vital services that strengthen our region.”.
Their activities were defined as: “Bridgeway capital strives to make western pennsylvania a thriving region for all by providing entrepreneurs, nonprofits, and growing small businesses with capital and educational opportunities necessary to strengthen social services and create new businesses and new jobs.”.
- As per legal requirements, the non-profit's state of operation is reported as PA.
- The non-profit's address in 2020 as per the filing is 707 GRANT STREET SUITE 1920, PITTSBURGH, PA, 15219.
- The form of the non-profit organization shows 35 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,145,427.
- The organization has 15 independent voting members.
- The organization was formed in 1990.
- The organization pays $2,708,133 in salary, compensation, and benefits to its employees.
- The organization pays $301,238 in fundraising expenses.