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Wnc Bridge Foundation
Wnc Bridge Foundation reported $11.8 million in revenue and $9.1 million in expenses for calendar year 2024. Of every $100 it spent, $53.66 went to program services, $36.52 to management and general costs and $9.82 to fundraising. Its largest source of revenue was investment income: 80.5% of the total. The highest compensation it reported for one person was $259,559 (CEO & PRESIDENT). 2 people received more than $100,000 in reportable compensation. Revenue rose 56% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $9.1MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 53.7% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 36.5% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 9.8% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.64 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 11.8% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $259,559 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.85% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 2 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 164.5 | 56.6 |
| Independent voting board members Part VI 1a–1b | 22 of 23 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseWnc Bridge Foundation invested $4,299,378 in grants and community initiatives in the eighteen counties of western north carolina.-$13,874 in safe housing and food insecurity (aim grants)-$844,208 in additional Wnc Bridge community initiatives (rathbun house, you're special fund, children's services fund, health scholarships and wnc greatest needs, hurricane helene relief)-$992,406 in now grant funding for non-profits to obtain quick funding and funding for hurricane relief-$290,094 in scholarships for high school students and sponsorships for non-profit fundraisers
Impact grants of $2,158,796 were awarded to local non-profits in wnc
The organization operates a thrift store and offers estate sales. Income from the thrift store and commissions from estate sales are included in revenue from the sale of inventory. The cost of goods sold for the thrift store, $288,661, is netted with revenue, $1,142,839.the donations to the thrift store are not included in non-cash contributions
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO & PRESIDENT Director/trustee, officer, 40.00 hrs/week | $215,141 | $0 | $44,418 | $259,559 |
| VICE PRESIDENT, FINANCE Highest compensated employee, 40.00 hrs/week | $117,744 | $0 | $19,540 | $137,284 |
2 people received more than $100,000 in reportable compensation from Wnc Bridge Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $260K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b23 · 22 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 543
- Volunteers Part I, line 6108
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| BESSEMER TRUST Investment management | $489,208 |
| JCS INVESTMENTS LLC Rental of property | $183,175 |
| ONEFORCE RESTORATION ATX LLC Natural disaster warehouse clean | $150,213 |
| EPSILON INC It support | $101,500 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Wnc Bridge Foundation totaling $520K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Wnc Bridge Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Wnc Bridge Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Wnc Bridge Foundation spent in 2024, $53.66 went to programs. The full breakdown, from its IRS Form 990:
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All philanthropy, voluntarism & grantmaking charities · Largest charities in North Carolina
Questions people ask
How much of Wnc Bridge Foundation's spending goes to programs?
In calendar year 2024, Wnc Bridge Foundation reported that 53.7% of its $9.1 million in expenses went to program services, 36.5% to management and general and 9.8% to fundraising (Form 990, Part IX).
How much does Wnc Bridge Foundation pay its top executive?
The largest total compensation Wnc Bridge Foundation reported for one person in calendar year 2024 was $259,559, for the role of CEO & PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Wnc Bridge Foundation get its money?
Of $11.8 million in revenue in calendar year 2024, 11.8% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Wnc Bridge Foundation a registered charity?
The IRS lists EIN 56-2110357 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513179349311246 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443199349301879 · read the filing
- 2022: Form 990 for calendar year 2022, object 202302729349300900 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243569349300714 · read the filing
- 2020: Form 990 for calendar year 2020, object 202220319349301657 · read the filing
All filings for EIN 56-2110357: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.