Program areas at Bridgeway Capital
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 and parts of northern west Virginia and eastern Ohio. 101 borrowers received loans totaling $23.5 million, which leveraged $34.5 million in additional financing. Borrowers ranged from entrepreneurs starting their first business to established businesses expanding operations and developing their job base, to non-profits providing critical social services and organizations focused on revitalizing distressed communities. The economic impact of this lending is projected to help create or retain 683 jobs.
Bridgeway Capital's programs team leads the entrepreneurship hub, creative business accelerator (cba), monmade, building inclusive development (bid), and origins programs. In fy22, the programs team realized a record-breaking year of business assistance delivery. This impact was due to the hard work and dedication of a variety of contributors, including the programs team, external consultants, and regional partners. In fy22, Bridgeway served 692 clients vs. 281 in fy21. It delivered approximately 8940 hours of business assistance to these clients in fy22 vs. 5540 delivered in fy21. The business assistance came primarily in the form of one-on-one and cohort-based services. For example, Bridgeway's cba program again executed its first leap and next leap cohorts for emerging and established creative businesses. For one-on-one business assistance, the entrepreneurship hub program continued to deliver a high volume of guidance through a network of skilled consultants funded through a sba microloan ta grant.
Grants made by Bridgeway Capital
Who funds Bridgeway Capital
Grants from foundations and other nonprofits
Federal funding details
Federal agency | CFDA code | Program name | Amount |
---|
Small Business Administration | 59.046 | MICROLOAN PROGRAM | $824,612 |
Department of the Treasury | 21.020 | COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM | $798,498 |
Appalachian Regional Commission | 23.002 | APPALACHIAN AREA DEVELOPMENT | $301,045 |
...and 4 more federal grants / contracts |
Personnel at Bridgeway Capital
Name | Title | Compensation | Date of data |
---|
Thomas J Bogdewic | President and Chief Executive Officer | $194,598 | 2023-02-15 |
Scott Langil | Chief Financial Officer | $157,487 | 2023-02-10 |
Matthew Madia | Chief Strategy and Development | $121,108 | 2020-09-30 |
Ed Vargo | Director | | 2023-01-23 |
Holly Kay | Managing Director of Underwriting | $112,334 | 2023-01-23 |
...and 24 more key personnel |
Financials for Bridgeway Capital
Revenues | FYE 09/2022 | FYE 09/2021 | % Change |
---|
Total grants, contributions, etc. | $4,815,780 | $4,486,823 | 7.3% |
Program services | $4,579,749 | $4,474,327 | 2.4% |
Investment income and dividends | $307,822 | $233,234 | 32% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $1,743,397 | $443,703 | 292.9% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $11,446,748 | $9,638,087 | 18.8% |
Organizations like Bridgeway Capital
Organization | Type | Location | Revenue |
---|
Neighborhood Development Center | 501(c)(3) | Saint Paul, MN | $8,166,037 |
Ascendus | 501(c)(3) | New York, NY | $14,588,685 |
Access To Capital for Entrepreneurs | 501(c)(3) | Cleveland, GA | $11,013,240 |
Northern Economic Initiatives Corporation | 501(c)(3) | Marquette, MI | $3,668,012 |
Entrepreneur Fund | 501(c)(3) | Duluth, MN | $11,454,205 |
Neighborworks Capital Corporation | 501(c)(3) | Silver Spring, MD | $10,287,510 |
Nebraska Enterprise Fund | 501(c)(3) | Oakland, NE | $5,303,898 |
Craft3 | 501(c)(3) | Astoria, OR | $26,936,516 |
Dreamspring | 501(c)(3) | Albuquerque, NM | $25,298,598 |
Finanta | 501(c)(3) | Philadelphia, PA | $3,961,565 |
Data update history
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 17, 2023
Updated personnel
Identified 5 new personnel
June 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 23, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsHeadquarter / parent organizationsCharities
Issues
Business and industry
Characteristics
LobbyingReceives government fundingTax deductible donations
General information
- Address
- 310 Grant St Suite 2800
- Pittsburgh, PA 15219
- Metro area
- Pittsburgh, PA
- Website URL
- bridgewaycapital.org/Â
- Phone
- (412) 201-2450
- Facebook page
- BridgewayCapitalÂ
- Twitter profile
- @bridgeway_capÂ
IRS details
- EIN
- 25-1635121
- Fiscal year end
- September
- Taxreturn type
- Form 990
- Year formed
- 1990
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Central organization
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