NonprofitsBridgeway Capital Inc

Community Improvement

Bridgeway Capital Inc

PITTSBURGH, PA

Total revenue

$17.5M

Total expenses

$10.9M

Net assets

$68.0M

Grants received

$19.0M

42 grants

EIN

251635121

Tax year

2023

Mission

We combat injustices and advance opportunities by building capacity, investing capital, and developing underserved areas to grow businesses and revitalize places.

Programs

1 program

Bridgeway capital's programs team leads a number of efforts that serve a wide range of small businesses and nonprofit organizations. In fy24, bridgeway provided support to 375 clients with 92 percent mission-alignment. The assistance came primarily in the form of one-on-one and cohort-based services. For example, bridgeway executed a wide range of cohorts for varied emerging and established businesses. The alliance for creative rural economies (acre) cohorts served groups of creative entrepreneurs from wheeling, wv, johnstown, pa, greensburg, pa and new kensington, pa. While the emerging contractor and developer accelerators supported groups of emerging construction and/or real estate businesses in and around erie, pa and pittsburgh, pa. For one-on-one business assistance, (continued on schedule o) the entrepreneurship hub continued to deliver a high volume of guidance to lending prospects and current borrowers through a network of skilled consultants funded through an sba microloan ta grant.

Expenses: $1.7M

Financials

FY 2023

Revenue

Contributions & grants$11.1M
Program service revenue$5.3M
Investment income$1.1M
Other revenue
Total revenue$17.5M

Expenses

Grants paid$267K
Salaries & benefits$3.8M
Fundraising$345K
Other expenses$6.9M
Total expenses$10.9M
Total assets$131.7M
Net assets$68.0M

People

24 listed

NameRoleCompensation

THOMAS BOGDEWIC

PRESIDENT & CEO

Board

$216K

38 hrs/wk

SCOTT LANGILL ASST SECRETARY

CHIEF IMPACT INVESTMENT OFFICER

Board

$176K

38 hrs/wk

JACOB SAULTCONTROLLERTHRU 924

CHIEF FINANCIAL OFFICER (AS OF 9/24)

Board

$122K

38 hrs/wk

MORTON STANFIELD JR

DIRECTOR

Board

0.5 hrs/wk

DERRICK WILSON

DIRECTOR (EXIT 1/24)

Board

0.5 hrs/wk

JOSEPH WYNN

DIRECTOR

Board

0.5 hrs/wk

YVONNE COOK

DIRECTOR (ENTER 1/24)

Board

0.5 hrs/wk

MELVIN WASHINGTON CHAIRPERSON

(AS OF 4/24)/VICE CHAIR (THRU 4/24)

Board

0.5 hrs/wk

MELONIE JACKSON VICE CHAIR

(AS OF 7/24)/DIRECTOR (THRU 7/24)

Board

0.5 hrs/wk

GEORGIA BERNER

TREASURER

Board

0.5 hrs/wk

STEPHANIE DANGEL

SECRETARY

Board

0.5 hrs/wk

RONALD A DONATELLI DIRECTOR

(AS OF 4/24)/CHAIRPERSON (THRU 4/24)

Board

0.5 hrs/wk

TAMMY RIBAR

DIRECTOR

Board

0.5 hrs/wk

THOMAS D MICHAEL

DIRECTOR (EXIT 4/24)

Board

0.5 hrs/wk

DENIS MCLAUGHLIN

DIRECTOR

Board

0.5 hrs/wk

EARL BUFORD

DIRECTOR

Board

0.5 hrs/wk

JA'RON BRIDGES

DIRECTOR

Board

0.5 hrs/wk

THOMAS BAKAITUS

DIRECTOR

Board

0.5 hrs/wk

DAN ADAMSKI

DIRECTOR (EXIT 1/24)

Board

0.5 hrs/wk

SHAWN THOMAS

LENDING TEAM LEADER

Staff

$128K

40 hrs/wk

HOLLY KAY

MANAGING DIRECTOR OF UNDERWRITING

Staff

$123K

40 hrs/wk

ADAM KENNEY

CHIEF PROGRAMS OFFICER

Staff

$119K

40 hrs/wk

DAWN SECKLER

CHIEF STRATEGY & DEVELOPMENT OFFICER

Staff

$116K

40 hrs/wk

JENNIE SAPSARA

DIRECTOR OF OPERATIONS

Staff

$104K

40 hrs/wk

Independent contractors

IVYTEK INC

SOFTWARE DEVELOPER

$225K

BAKER NEWMAN NOYES

TECHNOLOGY CONSULTING

$192K

GRIFFITH MCCAGUE & HAPPEL PC

LEGAL

$171K

PARAMOUNT PURSUITS LLC

TECHNICAL ASSISTANCE PROVIDER

$135K

PIPITONE GROUP

PR SERVICES

$132K

Grants received

Showing 42 of 42

FromAmountPurposeYear
$1M
ENERGY EFFICIENCY LOAN FUND
2024
$750K
DISADVANTAGED SMALL BUSINESS CAPITAL ACCESS INITIATIVE
2024
$100K
TO OPERATIONALIZE THE MONONGAHELA VALLEY PROGRESS ECONOMIC DEVELOPMENT INITIATIVE WITH MISSION LENDING TO BUSINESSES IN SOUTHWESTERN PENNSYLVANIA AND NORTHERN WEST VIRGINIA (OVER THREE YEARS)
2024
$66K
GENERAL OPERATING SUPPORT
2024
$500K
SMALL BUSINESS ENTREPRENEUR PROGRAMS AND LOAN CAPITAL
2023
$408K
250,000 TECHNICAL A
2023
$408K
250,000 TECHNICAL A
2023
$400K
TO SUPPORT THE ALLIANCE FOR CREATIVE RURAL ECONOMIES PARTNERS PROGRAM IN JOHNSTOWN, NEW KENSINGTON, AND GREENSBURG
2023
$100K
TO OPERATIONALIZE THE MONONGAHELA VALLEY PROGRESS ECONOMIC DEVELOPMENT INITIATIVE WITH MISSION LENDING TO BUSINESSES IN SOUTHWESTERN PENNSYLVANIA AND NORTHERN WEST VIRGINIA (OVER THREE YEARS)
2023
$66K
GENERAL OPERATING SUPPORT
2023
$50K
VARIOUS PROJECTS
2023
$25K
PROGRAM/OPERATING SUPPORT
2023
$15K
GREENLEAP PROGRAM
2023
$4.0M
TECH ASSIST SSBCI
2022
$1.5M
REVOLVING LOAN FUND FOR PRESERVATION AND CREATION OF AFFORDABLE HOUSING
2022
$1M
TO CREATE A FUND TO ADVANCE SOLAR ENERGY PROJECTS FOR NONPROFIT ORGANIZATIONS
2022
$250K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
$100K
TO OPERATIONALIZE THE MONONGAHELA VALLEY PROGRESS ECONOMIC DEVELOPMENT INITIATIVE WITH MISSION LENDING TO BUSINESSES IN SOUTHWESTERN PENNSYLVANIA AND NORTHERN WEST VIRGINIA (OVER THREE YEARS)
2022
$25K
TO SUPPORT THE LAUNCH OF GREEN LEAP, A PILOT BUSINESS EDUCATION PROGRAM DESIGNED TO HELP CREATIVE BUSINESSES DEVELOP SUSTAINABLE, AMERICAN-MADE PRODUCTS WHILE ENCOURAGING ENVIRONMENTALLY SUSTAINABLE DESIGN AND FABRICATION PRACTICES
2022
$10K
COMMUNITY DEVELOPMENT
2022
$500K
AFFORDABLE HOUSING LENDING PROGRAM
2021
$250K
SUPPORT FOR THE CRAFT BUSINESS ACCELERATOR
2021
$250K
CAPITAL IMPROVEMENTS TO THE WILKINSBURG TRAIN STATION
2021
$50K
FOR COMMUNITY ENGAGEMENT AND YOUTH EDUCATION ELEMENTS OF BRIDGEWAY CAPITAL'S SUSQUEHANNA STREET ART AND DESIGN CORRIDOR (SSADC) PROJECT
2021
$15K
GENERAL SUPPORT
2021
$4.3M
LOAN AND DEBT RELIEF
2020
$500K
TO DEPLOY LOANS TO 40 SMALL BUSINESSES IMPACTED BY COVID-19
2020
$250K
TO SUPPORT SMALL BUSINESSES IN HIRING EMPLOYEES TO ASSIST IN THE MANUFACTURING OF PERSONAL PROTECTIVE EQUIPMENT FOR COVID-19
2020
$250K
ENSURING THE LONG-TERM SUSTAINABILITY OF THE CRAFT BUSINESS ACCELERATOR
2020
$250K
COVID-19: SMALL BUSINESS RESPONSE FUND
2020
$200K
TO PROVIDE A SECOND GRANT TO ASSIST BRIDGEWAY CAPITAL IN ITS EFFORT TO SUPPORT SMALL BUSINESSES IMPACTED BY COVID-19 VIRUS PANDEMIC
2020
$150K
EMERGENCY BUSINESS ASSISTANCE GRANT
2020
$125K
SMALL BUSINESS GRANT
2020
$100K
TO ASSIST BRIDGEWAY CAPITAL IN ITS EFFORT TO SUPPORT SMALL BUSINESSES IMPACTED BY COVID-19 VIRUS EPIDEMIC
2020
$100K
GRANT TO SUPPORT COVID-19 RELIEF EFFORTS FOR SMALL BUSINESS OWNERS IN PENNSYLVANIA.
2020
$50K
ASSISTANCE FOR SMALL BUSINESS ENTREPRENEURS IN NEIGHBORHOOD BUSINESS DISTRICTS
2020
$25K
BUSINESS AND INDUSTRY
2020
$20K
SUPPORT OF JOINT MARKETING EFFORTS FOR LOCAL ARTISTS WITH CASEY DROEGE CREATIVE PRODUCTIONS
2020
$20K
CHARITABLE
2020
$750K
GENERAL SUPPORT
2019
$30K
COVER THE COST OF OPERATIONS OF THE RECIPIENTS
2018
$15K
SUPPORT OF ECONOMIC IMPACT STUDY FOR CRAFT BUSINESS ACCELERATOR
2018

Funded by

$19.0M from 19 funders · 42 grants · 2018–2024

Pennsylvania Cdfi Network

$9.1M · 4 grants · 2020–2023

Hillman Family Foundations

$5.3M · 10 grants · 2020–2024

The Heinz Endowments

$1.4M · 5 grants · 2020–2022

Richard King Mellon Foundation

$1.1M · 3 grants · 2020–2023

Mccune Foundation Pnc Bank Na

$750K · 1 grant · 2019

Opportunity Finance Network

$375K · 2 grants · 2020–2022

Claude Worthington Benedum Foundation

$300K · 3 grants · 2022–2024

Appalachian Community Capital

$150K · 1 grant · 2020

Details

EIN251635121
NTEE codeS400
Subsection03
Ruling date1990-08
Formed1990
Employees44
Volunteers20
BRIDGEWAY CAPITAL INC — Mission, Financials & Grants Received | Grantivo