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BRIDGEWATER SCHOLARSHIP FOUNDATION INC

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Public IRS 990 nonprofit record

BRIDGEWATER SCHOLARSHIP FOUNDATION INC

EIN 88-1809579 · Scholarships & Student Financial Aid (B82)

What they do

PROVIDING FINANCIAL ASSISTANCE to STUDENTS PURSUING HIGHER EDUCATION

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

41.89%of revenue went to mission work100.0% of expenses · Program services
$41.89spent for every $100 of revenueRevenue covered expenses this year.
$17.73in assets for every $1 spent this yearSome assets cannot be spent right away.
24.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$220,072
Mission workProgram services$92,18441.89% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$127,88858.11% of revenueShown in gray on the chart
Total expenses$92,18441.89% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 41.89% of revenue
2023Expense mix: 85.3% mission · 14.7% management · 0.0% fundraisingTotal expenses: 81.56% of revenue
2022Expense mix: 90.5% mission · 9.5% management · 0.0% fundraisingTotal expenses: 2.57% of revenue

Money in and money out

Revenue$220,072
Expenses$92,184
Annual surplus $127,888 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$92,184 · 100.0% of expenses
See all reported dollar amounts
Revenue$220,072
Expenses$92,184
Assets$1,634,833
Income$667,131
Contributions$52,945
Mission work (program services)$92,184
Stocks and bonds$1,583,744
Accounting fees$4,532
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (7)

CHERYL PINKOSSECRETARY

JOSH FRANCISDIRECTOR

LAWRENCE NEARYPRESIDENT

MICHAEL SINATRADIRECTOR

PAUL HINESTREASURER

RUSSELL MARCUSDIRECTOR

SUSAN NIESOBECKIVICE PRESIDENT

About this charity

Recognized since
January 2022
Location
PO BOX 212, BRIDGEWATER, CT 06752
County
Litchfield
In care of
PAUL HINES
Primary officer
PAUL HINES, TREASURER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
BAKEWELL & MULHARE LLC
NTEE classification
Scholarships & Student Financial Aid (B82)
IRS tax category
Scholarships & Student Financial Aid

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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