NonprofitsBrightbridge Inc

Community Improvement & Capacity Building

Brightbridge Inc

CHATTANOOGA, TN

Total revenue

$10.7M

Total expenses

$8.6M

Net assets

$9.6M

Grants received

EIN

581494630

Tax year

2023

Mission

501(c)(3) that promotes economic development by providing loans and technical assistance.

Programs

3 programs

Small business lending program - program a provides loans to small and startup businesses that are located in qualified areas loans that can be used for acquisition of land, land improvements, building construction, purchase of buildings, renovation of buildings, and purchase of machinery, or equipment. Program b provides businesses (both for-profit and not-for-profit) located in designated low-income census tracts or owned by members or a targeted population, which includes low-income persons and eligible minorities, with loans that can be used for most business purposes, including working capital, fixed assets, and others.

Expenses: $5.8M

New market tax credit provides capital to businesses located in distressed communities

Expenses: $520K

Georgia rural development relending fund - provides small and startup businesses that are located in qualified areas loans that can be used for acquisition of land, land improvements, building construction, purchase of buildings, renovation of buildings, and purchase of machinery, or equipment.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$10.6M
Investment income$105K
Other revenue$4K
Total revenue$10.7M

Expenses

Grants paid
Salaries & benefits$2.2M
Fundraising
Other expenses$6.4M
Total expenses$8.6M
Total assets$161.1M
Net assets$9.6M

People

21 listed

NameRoleCompensation

BILL POLLARD

PRESIDENT & CEO

Board

$235K

40 hrs/wk

MIKE MATOUSEK

FORMER SENIOR VICE PRESIDENT

Board

$174K

40 hrs/wk

MONICA BLANTON

SENIOR VICE PRESIDENT

Board

$163K

40 hrs/wk

MIKE HOWARD

VICE-PRESIDENT

Board

$96K

40 hrs/wk

MIGUEL PARTAP

FORMER TREASURER

Board

$79K

40 hrs/wk

SHOSANNAH WALKER

FINANCIAL OFFICER

Board

$19K

40 hrs/wk

MICHAEL OWENS

DIRECTOR

Board

2 hrs/wk

LES RODDY

DIRECTOR

Board

2 hrs/wk

KIRK GOEHRING

DIRECTOR

Board

2 hrs/wk

BOB CANTLER

DIRECTOR

Board

2 hrs/wk

RYAN MURPHY

DIRECTOR

Board

2 hrs/wk

ABBY GARRISON

DIRECTOR

Board

2 hrs/wk

JACK SAMPLE

DIRECTOR

Board

2 hrs/wk

CLEM RENFRO

CHAIRMAN

Board

2 hrs/wk

JIM CALLIHAN

DIRECTOR

Board

2 hrs/wk

ANGELA CONNER

DIRECTOR

Board

2 hrs/wk

GARY PETTY

DIRECTOR

Board

2 hrs/wk

LINDSAY FRILLING

DIRECTOR

Board

2 hrs/wk

JEFF LAND

DIRECTOR

Board

2 hrs/wk

PAIGE MCMURRAY

COMMERCIAL LOAN OFFICER

Staff

$130K

40 hrs/wk

CALEB HAMBY

COMMERCIAL UNDERWRITER

Staff

$103K

40 hrs/wk

Details

EIN581494630
NTEE codeS43Z
Subsection03
Ruling date1983-08
Formed1981
Employees20
Volunteers13
BRIGHTBRIDGE INC — Mission, Financials & Grants Received | Grantivo