EIN 25-1635121

Bridgeway Capital

IRS 501(c) type
501(c)(3)
Num. employees
39
Year formed
1990
Most recent tax filings
2022-09-01
Description
Bridgeway Capital is a nonprofit lender committed to effectively growing, innovating and stimulating economic development. They work to reach small businesses and organizations where they need it most -- with available capital.
Total revenues
$11,446,748
2022
Total expenses
$7,480,982
2022
Total assets
$100,800,088
2022
Num. employees
39
2022

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

GranteeGrant descriptionAmount
Omicelo CaresBlack Entrepreneur Technical Assistance$107,250
Bible Center ChurchBlack Entrepreneur Technical Assistance$50,000
Young Men's Christian Association of Greater PittsburghReal Estate Pre-Development$50,000
...and 6 more grants made

Who funds Bridgeway Capital

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Hillman Family FoundationsAffordable Housing Lending Program$500,000
Hillman Family FoundationsSupport for the Craft Business Accelerator$250,000
Hillman Family FoundationsCapital Improvements To the Wilkinsburg Train Station$250,000
...and 4 more grants received
Federal funding details
Federal agencyProgram nameAmount
Small Business AdministrationMICROLOAN PROGRAM$824,612
Department of the TreasuryCOMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM$798,498
Appalachian Regional CommissionAPPALACHIAN AREA DEVELOPMENT$301,045
...and 4 more federal grants / contracts

Personnel at Bridgeway Capital

NameTitleCompensation
Thomas J BogdewicPresident and Chief Executive Officer$194,598
Scott LangilChief Financial Officer$157,487
Matthew MadiaChief Strategy and Development$121,108
Ed VargoDirector
Holly KayManaging Director of Underwriting$112,334
...and 24 more key personnel

Financials for Bridgeway Capital

RevenuesFYE 09/2022
Total grants, contributions, etc.$4,815,780
Program services$4,579,749
Investment income and dividends$307,822
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,743,397
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$11,446,748

Form 990s for Bridgeway Capital

Fiscal year endingDate received by IRSFormPDF link
2022-092023-02-15990View PDF
2021-092022-02-15990View PDF
2020-092021-04-12990View PDF
2019-092020-10-16990View PDF
2018-092019-06-19990View PDF
...and 8 more Form 990s

Organizations like Bridgeway Capital

OrganizationLocationRevenue
Neighborhood Development CenterSaint Paul, MN$8,166,037
AscendusNew York, NY$14,588,685
Access To Capital for EntrepreneursCleveland, GA$11,013,240
Northern Economic Initiatives CorporationMarquette, MI$3,668,012
Entrepreneur FundDuluth, MN$11,454,205
Neighborworks Capital CorporationSilver Spring, MD$10,287,510
Nebraska Enterprise FundOakland, NE$5,303,898
Craft3Astoria, OR$26,936,516
DreamspringAlbuquerque, NM$25,298,598
FinantaPhiladelphia, 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
May 10, 2023
Received grants
Identified 2 new grant, including a grant for $20,000 from Giant Eagle Foundation
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/ 
Phone
(412) 201-2450
Facebook page
BridgewayCapital 
Twitter profile
@bridgeway_cap 
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
Free account sign-up

Want updates when Bridgeway Capital has new information, or want to find more organizations like Bridgeway Capital?

Create free Cause IQ account