EIN 58-1494630

BrightBridge

IRS 501(c) type
501(c)(3)
Num. employees
20
Year formed
1981
Most recent tax filings
2024-06-01
Description
BrightBridge promotes economic development by providing loans and technical assistance to small and startup businesses in qualified areas. They have a small business lending program that offers loans for various purposes such as acquisition of land, building construction, and renovations. They also run the Georgia Rural Development Relending Fund for businesses in qualified areas. BrightBridge is located in Chattanooga, TN.
Total revenues
$10,677,807
2024
Total expenses
$8,606,828
2024
Total assets
$161,141,804
2024
Num. employees
20
2024

Program areas at BrightBridge

Sba community advantage - loans to small and startup businesses for use in normal business operations to finance working capital needs, equipment purchases, or expansion projects. Loans are repaid by business cash flows.
New market tax credit provides capital to businesses located in distressed communities
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.
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.

Personnel at BrightBridge

NameTitleCompensation
Bill PollardChief Executive Officer$235,000
Mike MatousekFormer Senior Vice President$174,333
Miguel PartapFormer Treasurer$78,973
Mike HowardVice President$96,482
Monica BlantonSenior Vice President$162,925
...and 2 more key personnel

Financials for BrightBridge

RevenuesFYE 06/2024
Total grants, contributions, etc.$0
Program services$10,568,148
Investment income and dividends$105,247
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,412
Total revenues$10,677,807

Form 990s for BrightBridge

Fiscal year endingDate received by IRSFormPDF link
2024-062025-01-31990View PDF
2023-062023-12-18990View PDF
2022-062022-11-15990View PDF
2021-062021-11-11990View PDF
2020-062021-02-22990View PDF
...and 10 more Form 990s
Data update history
April 6, 2024
Used new vendors
Identified 1 new vendor, including
February 5, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 5, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 7, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Business and community development organizationsCharities
Issues
Business and industry
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
506 Broad St
Chattanooga, TN 37402
Metro area
Chattanooga, TN-GA
County
Hamilton County, TN
Website URL
brightbridgeinc.org/ 
Phone
(423) 424-4220
IRS details
EIN
58-1494630
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1981
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
Independent
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