2024-11-15T10:14:54-06:00 2023-12-31 263753134 CBIZ ADVISORS LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2023-01-01 311625487 THE BRIDGESPAN GROUP INC BRID 6175722833 2 COPLEY PLACE 3700B BOSTON MA 02116 ABDUL JABBAR GHAYOOR VP, FINANCE & RISK MANAGEMENT 6175722833 2024-11-14 1 1 CRAIG KLEIN P00734640 6177610600 2024-11-14 2023 2024-10-15 13:58:12Z WILLIAM FOSTER 2 COPLEY PLACE 3700B BOSTON MA 02116 84763020 0 X WWW.BRIDGESPAN.ORG X 1998 DE BRIDGESPAN'S MISSION IS TO BUILD A BETTER WORLD BY STRENGTHENING THE ABILITY OF MISSION-DRIVEN ORGANIZATIONS AND PHILANTHROPISTS TO ACHIEVE BREAKTHROUGH RESULTS IN ADDRESSING SOCIETY'S MOST IMPORTANT CHALLENGES AND OPPORTUNITIES. 13 10 432 12 2669993 273278 39395629 8150348 62659873 70984075 337873 5480062 91226 148535 102484601 84763020 0 0 0 0 58948224 73707356 0 0 685206 14967257 21169763 73915481 94877119 28569120 -10114099 204720602 203549391 29429821 31625960 175290781 171923431 X BRIDGESPAN'S MISSION IS TO BUILD A BETTER WORLD BY STRENGTHENING THE ABILITY OF MISSION-DRIVEN ORGANIZATIONS AND PHILANTHROPISTS TO ACHIEVE BREAKTHROUGH RESULTS IN ADDRESSING SOCIETY'S MOST IMPORTANT CHALLENGES AND OPPORTUNITIES. 0 0 35963648 41228189 ADVISING PHILANTHROPY AND INVESTORS FOR GREATER SOCIAL IMPACTWE HELP THE WORLD'S LEADING DONORS AND PHILANTHROPIES CRAFT AND ACHIEVE THEIR VISION FOR A MORE JUST AND EQUITABLE WORLD THROUGH THE FOLLOWING SERVICES: - DEVELOPING HIGH-IMPACT GIVING STRATEGIES - SOURCING AND STRUCTURING PHILANTHROPIC INVESTMENTS - DESIGNING AND REALIZING SPECIAL INITIATIVES / PROJECTS - STRUCTURING AND MANAGING PHILANTHROPIC ENTITIES - INCREASING IMPACT AND EFFECTIVENESS OF GRANTEESWE ALSO ADVISE A VARIETY OF INSTITUTIONAL INVESTORS, FOUNDATIONS, AND FAMILY OFFICES ON HOW TO INCORPORATE SOCIAL AND ENVIRONMENTAL IMPACT INVESTING INTO THEIR PORTFOLIOS WITH A FOCUS ON THE FOLLOWING SUPPORTS: - IMPACT STRATEGY - IMPACT DILIGENCE - IMPACT VALUE CREATION 34988804 27085893 SUPPORTING NONPROFITS AND NGOS TO ACHIEVE IMPACT ASPIRATIONSWE SUPPORT NONPROFITS AND NGOS IN TWO PRIMARY WAYS. FIRST, WE OFFER CUSTOMIZED ADVISING, IN WHICH WE PARTNER CLOSELY WITH A DIVERSE SET OF NONPROFITS / NGOS AND SUPPORT THEM ON A RANGE OF TOPICS AND PRIORITIES: - STRATEGIC CLARITY - GROWTH AND SCALING - PROGRAM STRATEGY & ALIGNMENT - FUNDING STRATEGY - ORGANIZATIONAL EFFECTIVENESS AND DESIGNSECOND, WE OFFER COHORT-BASED ADVISING, IN WHICH WE OFFER COACHING AND CAPACITY-BUILDING PROGRAMS FOR GROUPS OF LEADERSHIP TEAMS: - LEADING FOR IMPACT (LFI): 12-MONTH COHORT-BASED EXPERIENCE THAT COMBINES CLASSROOM SESSIONS AND TARGETED PROJECT SUPPORT - LEADERSHIP ACCELERATOR (US) AND BRIDGESPAN NONPROFIT DEVELOPMENT PROGRAM (ASIA AND AFRICA): SUPPORT FOR NGO LEADERSHIP TEAMS ON CRITICAL STRATEGY AND MANAGEMENT CHALLENGES THROUGH A COMBINATION OF DIGITAL TOOLS, WORKSHOPS, AND 1-ON-1 COACHING 8382159 SHARING INSIGHTS TO ADVANCE SECTOR-WIDE IMPACTACROSS OUR PORTFOLIO, WE AIM TO ENGAGE SOCIAL SECTOR LEADERS IN OUR KNOWLEDGE WORK IN WAYS THAT SHAPE THEIR THINKING AND BEHAVIOR, AND USE OUR PLATFORM TO AMPLIFY THE VOICES OF BIPOC AND PROXIMATE LEADERS. - MULTIYEAR INITIATIVES: ADVANCE MOST INFLUENTIAL IDEAS FOR THE SOCIAL SECTOR TOWARDS SPECIFIC IMPACT OBJECTIVES THROUGH DEEP, SUSTAINED INVESTMENT - TARGETED INVESTMENTS: EXPLORE PROMISING CROSS-CUTTING ISSUES OR FIELD-SPECIFIC TOPICS WITH DISCRETE INVESTMENTS - FOUNDATIONAL KNOWLEDGE: SERVE AS A GO-TO SOURCE OF KNOWLEDGE AND TOOLS TO BUILD STRONG, RESULTS-DRIVEN NONPROFITS AND DRIVE HIGHLY EFFECTIVE PHILANTHROPYARTICLES PUBLISHED ON BRIDGESPAN.ORG SOUGHT TO ENGAGE OUR AUDIENCE ON TOPICS SUCH AS RACIAL EQUITY, NONPROFIT RESILIENCE, STRATEGIC PLANNING, EQUITABLE SYSTEMS CHANGE, AND CLIMATE. EXAMPLES INCLUDE:HOW NONPROFIT LEADERSHIP DEVELOPMENT SUSTAINS ORGANIZATIONS AND THEIR TEAMS BRIDGESPAN.ORG, 1/1/23BY LINDSEY WALDRON, PREETA NAYAK, TENI LANRE-AMOS, AND BRADLEY SEEMANEQUITABLE PHILANTHROPY CASE STUDY: THE 1954 PROJECT APPROACH BRIDGESPAN.ORG, 2/16/23BY BRITT SAVAGE, LYELL SAKAUE, AND NICOLE AUSTIN-THOMASEQUITABLE SYSTEMS CHANGE: FUNDING FIELD CATALYSTS FROM ORIGINS TO REVOLUTIONIZING THE WORLDBRIDGESPAN.ORG, 3/21/23BY LIJA MCHUGH FARNHAM, EMMA NOTHMANN, KEVIN CROUCH, AND CORA DANIELSPROMOTING EQUITABLE AND INCLUSIVE GREEN JOB GROWTH IN SOUTHEAST ASIA BRIDGESPAN.ORG, 5/16/23BY XUELING LEE, CHRIS ADDY, ROGER THOMPSON, ROSE FARAHHOW NONPROFITS AND NGOS CAN GET REAL VALUE FROM STRATEGIC PLANNING BRIDGESPAN.ORG, 6/1/23BY LINDSEY WALDRON, PREETA NAYAK, TENI LANRE-AMOS, BRADLEY SEEMANREIMAGINING GLOBAL OPERATING MODELS: STEPS MULTI-COUNTRY ORGANIZATIONS ARE TAKING TO ADVANCE EQUITY AND SHIFT POWER LOCALLYBRIDGESPAN.ORG, 6/29/23BY DANIELLE BERFOND, CHANDA JAIN, JASLEEN KAUR, THABO MATSHEGO, ROGER THOMPSON, KARISHMA UBEROI, DONALD YEHCLOSING THE CAPITAL GAP ON IMPACT INVESTMENT IN AFRICA BRIDGESPAN.ORG, 8/1/23BY BERNARD CHIDZERO, SERENA FU, NKANYISO HLONGWA, ROSSINA NAIDOO, FHATUWANI MABILA, ROGER THOMPSONWINNING ON CLIMATE CHANGE: HOW PHILANTHROPY CAN SPUR MAJOR PROGRESS OVER THE NEXT DECADE BRIDGESPAN.ORG, 8/17/23 BY HENRY PLATT, BRIAN BURWELL, SONALI PATEL, BRYAN CORTES, KYLA HARRISON, JOSHUA SEAWELL, AND BRADLEY SEEMANFOUR MINDSETS FOR FUNDING ECONOMIC MOBILITY IN THE BLACK RURAL SOUTH BRIDGESPAN.ORG, 8/24/23BY MIKE SOSKIS, ANGIE ESTEVEZ PRADA, MARK MCKEAG, RICH PIERRE, AND CYNTHIA PHOELPHILANTHROPY'S ROLE IN REPARATIONS AND BUILDING A CULTURE OF RACIAL REPAIR BRIDGESPAN.ORG, 9/27/23BY ARIA FLORANT, TONYEL EDWARDS, CORA DANIELS, ALEXANDRA (ALEX) WILLIAMS, MAURICE ASARE, AND VIKAS MATURITHE PHILANTHROPIC POTENTIAL OF ASIA'S RISING WEALTH BRIDGESPAN.ORG, 11/1/23BY XUELING LEE, KEERAN SIVARAJAH, CHRIS ADDY, ROGER THOMPSONFUNDER PRACTICES THAT STRENGTHEN NONPROFIT RESILIENCE: LESSONS FROM INDIA BRIDGESPAN.ORG, 11/20/23BY PRITHA VENKATACHALAM, SHASHANK RASTOGI, ADITI SHARMA, RACHITA MEHROTRA, LAHARI SHEKAR AND ROGER THOMPSONPODCAST: DREAMING IN COLORBRIDGESPAN HOST: DARREN ISOMIN ADDITION TO PUBLISHING MAJOR ARTICLES ON BRIDGESPAN.ORG, BRIDGESPAN PARTNERS AND MANAGERS CONTRIBUTED ARTICLES TO CENTER FOR EFFECTIVE PHILANTHROPY, THE CHRONICLE OF PHILANTHROPY, STANFORD SOCIAL INNOVATION REVIEW, ALLIANCE MAGAZINE, FORBES INDIA, AND OTHERS. EXAMPLES INCLUDE:WINNING ON CLIMATE CHANGE IS ENTIRELY POSSIBLE WITH A LITTLE MORE HELP FROM PHILANTHROPYALLIANCE MAGAZINE, 9/7/23BY HENRY PLATT, BRIAN BURWELL, AND SONALI PATELA REPARATIONS ROADMAP FOR PHILANTHROPYSSIR.ORG, 9/27/23BY ARIA FLORANT, TONYEL EDWARDS, CORA DANIELS, ALEXANDRA WILLIAMS & MAURICE ASAREINVESTING IN THE BLACK RURAL SOUTH TO ENABLE SOCIAL MOBILITY NATIONWIDECENTER FOR EFFECTIVE PHILANTHROPY, 11/9/23BY MIKE SOSKIS, ANGIE ESTEVEZ PRADA, AND MARK MCKEAGWHY IS PHILANTHROPY AFRAID TO TALK ABOUT REPARATIONS?THE CHRONICLE OF PHILANTHROPY, 11/18/23BY CORA DANIELSINCORPORATING EQUITY IN GRANTMAKING AND PROGRAMME DESIGN FOR MARGINALISED COMMUNITIESAVPN, 11/20/23BY RITI MOHAPATRAWHY GRANTMAKERS AND NONPROFITS ARE COMMITTING TO COMMUNITY-DRIVEN CHANGEFORBES INDIA, 11/30/23BY RITI MOHAPATRA, PRITHA VENKATACHALAM, AND CHANDNI NORONHASUBSCRIPTIONS TO BRIDGESPAN'S NEWSLETTERS, THE BRIDGESPAN KNOWLEDGE LETTER, LEADERSMATTER, AND ALERTS, REACHED A COMBINED TOTAL OF 39,000 AT THE END OF 2023.IN 2023, BRIDGESPAN PARTICIPATED IN 91 CONFERENCES AND GAVE 76 PRESENTATIONS. IN ADDITION, BRIDGESPAN HOSTED 19 WEBINARS. 79334611 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 82 0 1 432 1 1 1 1 IN SF SN 0 0 0 0 0 0 0 0 0 0 X 13 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA CA NY X ABDUL JABBAR GHAYOOR 7034038124 2 COPLEY PLACE SUITE 3700B BOSTON MA 02116 WILLIAM FOSTER MANAGING PARTNER 50.00 0.00 X X 466915 0 46373 JEFFREY L BRADACH PARTNER/TRUSTEE 50.00 0.00 X 445050 0 44632 THOMAS J TIERNEY CHAIRMAN 20.00 0.00 X X 0 0 32777 FRED BLACKWELL TRUSTEE 1.00 0.00 X 0 0 0 DAN CARDINALI TRUSTEE (UNTIL DEC. 2023) 1.00 0.00 X 0 0 0 MAYA CHORENGEL TRUSTEE 1.00 0.00 X 0 0 0 JOHN DONAHOE TRUSTEE (UNTIL NOV. 2023) 1.00 0.00 X 0 0 0 CHERYL DORSEY TRUSTEE 1.00 0.00 X 0 0 0 KARA GRUVER TRUSTEE 1.00 0.00 X 0 0 0 GREG GUNN TRUSTEE 1.00 0.00 X 0 0 0 JULIA LOPEZ TRUSTEE 1.00 0.00 X 0 0 0 MANNY MACEDA TRUSTEE 1.00 0.00 X 0 0 0 NITIN NOHRIA TRUSTEE 1.00 0.00 X 0 0 0 NDIDI OKONKWO NWUNELI TRUSTEE 1.00 0.00 X 0 0 0 REBECCA RIMEL TRUSTEE 1.00 0.00 X 0 0 0 AMANDA TAFT-PEARMAN PARTNER & COO & TREASURER 50.00 0.00 X 389725 0 71664 JAMES LUM UNTIL FEB 2023 PARTNER/CHIEF FINAN & INFO OFFICER 50.00 0.00 X 113007 0 0 NIDHI SAHNI PARTNER 50.00 0.00 X 398162 0 69003 PREETA NAYAK PARTNER 50.00 0.00 X 356911 0 67490 JAN SCHWIER PARTNER 50.00 0.00 X 345694 0 50417 GAIL PERREAULT PARTNER 50.00 0.00 X 349075 0 45352 ALEX NEUHOFF PARTNER 50.00 0.00 X 329075 0 45436 NITHIN IYENGAR PARTNER 50.00 0.00 X 328865 0 45546 PETER KIM CHIEF PEOPLE CULTURE OFFICER 50.00 0.00 X 321738 0 52069 ALLANA JACKSON PARTNER (UNTIL OCT. 2023) 50.00 0.00 X 315036 0 41072 STEPHANIE KATER PARTNER 25.00 25.00 X 176201 150202 59777 PAUL ROSENBERG PARTNER 50.00 0.00 X 342824 0 45288 WILLA SELDON PARTNER 50.00 0.00 X 343403 0 43767 KRISTEN LOUREIRO PARTNER 50.00 0.00 X 299281 0 67513 DARREN J ISOM PARTNER 50.00 0.00 X 295674 0 45093 ROHIT MENEZES PARTNER 50.00 0.00 X 294411 0 45715 WILLIAM COWEN UNTIL APRIL 2023 FORMER SENIOR FINANCE DIRECTOR 50.00 0.00 X 187148 0 31700 6098195 150202 950684 215 1 1 0 CROWE PO BOX 71570 CHICAGO IL 60694 CONSULTING 943253 SEYFARTH SHAW LLP 233 S WACKER DR SUITE 8000 CHICAGO IL 60606 LEGAL SERVICES 282347 VEDYA LLC 30110 CROWN VALLEY PARKWAY 205 LAGUNA NIGEUL CA 92677 CONSULTING 220000 GARTNER INC 13200 PAUL J DOHERTY PARKWAY FORT MEYERS FL 33913 IT 210550 KORN FERRY PO BOX 1450 MINNEAPOLIS MN 55485 CONSULTING 209869 15 8150348 8150348 ADVISING PHILANTHROPY & INVESTORS 900099 41228189 41228189 SUPPORTING NONPROFITS & NGOS 541610 29755886 27085893 2669993 70984075 5480062 5480062 MISCELLANEOUS 541610 148535 148535 148535 84763020 68314082 2669993 5628597 4584848 3026742 1397940 160166 54310009 47487968 6500802 321239 3042946 2454772 563055 25119 11769553 10123030 1549953 96570 5388885 4721549 667336 382584 382584 168507 168507 310205 162244 147961 1816175 1468212 333103 14860 3011359 2434409 552310 24640 2780122 2247475 509899 22748 1568766 1268204 287726 12836 245780 198691 45078 2011 PROJECT EXPENSE 2120850 1475963 644887 TRAINING 1750169 882213 867956 RECRUITING 912576 786946 125630 SUPPLIES 613785 496193 112575 5017 100000 100000 94877119 79334611 14857302 685206 17083074 19375651 99939894 519259 30638893 18348002 14724658 18700580 672316 1253746 10073354 7061077 3640416 3012277 29069340 135722907 8952011 6616969 204720602 203549391 27336583 29934900 2093238 1691060 29429821 31625960 X 48052849 100625724 127237932 71297707 175290781 171923431 204720602 203549391 -10114099 6746749 0 X 0 1 X 1 0 X 12497902 74702330 38220610 39395629 8150348 172966819 12497902 74702330 38220610 39395629 8150348 172966819 71777340 101189479 690179 495469 10026 337873 5480062 7013609 303407 589389 876156 336802 274278 2380032 9381 163289 97788 91226 148535 510219 182870679 260165358 0.55330 0.55030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 9,381. 2020 AMOUNT: $ 163,289. 2021 AMOUNT: $ 97,788. 2022 AMOUNT: $ 91,226. 2023 AMOUNT: $ 148,535. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5670773 4746357 924416 2797707 1774594 1023113 1604874 540126 1064748 3012277 X 91509769 6746749 6746749 84763020 0 84763020 94877119 0 94877119 0 94877119 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATION OF ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS. HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN UNCERTAINTIES REQUIRING RECOGNITION. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL, STATE AND FOREIGN INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. SOUTH ASIA 0 0 INVESTMENT 2613167 SUB-SAHARAN AFRICA 0 0 INVESTMENT 990748 EAST ASIA AND THE PACIFIC 0 0 INVESTMENT 1031470 0 0 0 0 0 0 4635385 0 4635385 0 0 1 0 0 0 X X X X 1 0 0 0 0 0 0 1 0 WILLIAM FOSTER MANAGING PARTNER 397540 0 69375 0 0 0 11100 0 35273 0 513288 0 0 0 JEFFREY L BRADACH PARTNER/TRUSTEE 377550 0 67500 0 0 0 10688 0 33944 0 489682 0 0 0 NIDHI SAHNI PARTNER 325412 0 50250 0 22500 0 32813 0 36190 0 467165 0 0 0 AMANDA TAFT-PEARMAN PARTNER & COO & TREASURER 319782 0 47443 0 22500 0 37037 0 34627 0 461389 0 0 0 PREETA NAYAK PARTNER 288286 0 46125 0 22500 0 34713 0 32777 0 424401 0 0 0 JAN SCHWIER PARTNER 280444 0 42750 0 22500 0 35250 0 15167 0 396111 0 0 0 GAIL PERREAULT PARTNER 301825 0 47250 0 0 0 12575 0 32777 0 394427 0 0 0 PAUL ROSENBERG PARTNER 294449 0 48375 0 0 0 12511 0 32777 0 388112 0 0 0 WILLA SELDON PARTNER 293153 0 50250 0 0 0 14381 0 29386 0 387170 0 0 0 STEPHANIE KATER PARTNER 110951 150202 42750 0 22500 0 27000 0 32777 0 235978 150202 0 0 ALEX NEUHOFF PARTNER 285200 0 43875 0 0 0 12659 0 32777 0 374511 0 0 0 NITHIN IYENGAR PARTNER 284990 0 43875 0 0 0 12769 0 32777 0 374411 0 0 0 PETER KIM CHIEF PEOPLE CULTURE OFFICER 278988 0 42750 0 0 0 12525 0 39544 0 373807 0 0 0 KRISTEN LOUREIRO PARTNER 235906 0 40875 0 22500 0 32653 0 34860 0 366794 0 0 0 ALLANA JACKSON PARTNER (UNTIL OCT. 2023) 315036 0 0 0 0 0 11264 0 29808 0 356108 0 0 0 DARREN J ISOM PARTNER 233049 0 40125 0 22500 0 32812 0 12281 0 340767 0 0 0 ROHIT MENEZES PARTNER 250536 0 43875 0 0 0 12938 0 32777 0 340126 0 0 0 WILLIAM COWEN UNTIL APRIL 2023 FORMER SENIOR FINANCE DIRECTOR 89645 0 0 0 97503 0 2905 0 28795 0 218848 0 0 0 PART I, LINE 4A JAMES LUM RECEIVED SEVERANCE IN THE AMOUNT OF $113,007 DURING CALENDAR YEAR 2023. WILLIAM COWEN RECEIVED SEVERANCE IN THE AMOUNT OF $97,503 DURING CALENDAR YEAR 2023. PART I, LINE 7 DISCRETIONARY COMPENSATION TO A SELECT NUMBER OF STAFF FOR OUTSTANDING PERFORMANCE. PART II, COLUMN B(II): THIS COLUMN INCLUDES 1) DISCRETIONARY COMPENSATION PAID TO A SELECT NUMBER OF STAFF FOR OUTSTANDING PERFORMANCE, AND 2) AMOUNTS PAID PURSUANT TO THE ORGANIZATION'S INCENTIVE COMPENSATION PROGRAM FOLLOWING ACHIEVEMENT OF CERTAIN ORGANIZATION-WIDE PERFORMANCE GOALS. FORM 990, PART VI, SECTION B, LINE 11B BRIDGESPAN'S FORM 990 WAS PREPARED BY SENIOR MANAGEMENT AND OUR TAX ADVISORS AFTER THE COMPLETION OF THE ANNUAL AUDIT. A DRAFT COPY OF THE FORM 990 IS REVIEWED WITH THE AUDIT COMMITTEE, AND A SUBSEQUENT DRAFT INCORPORATING THEIR COMMENTS IS PREPARED AND SHARED WITH THE FULL BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BRIDGESPAN'S CONFLICT OF INTEREST POLICY REQUIRES THAT MEMBERS OF THE BOARD OF TRUSTEES, AND MEMBERS OF THE STAFF DESIGNATED AS MANAGEMENT (INCLUDING ALL OFFICERS AND KEY EMPLOYEES) COMPLETE A CONFLICT OF INTEREST FORM THAT REQUIRES DISCLOSURE OF ANY INTEREST THAT COULD GIVE RISE TO CONFLICT. THIS PROCESS IS REPEATED ANNUALLY, IN MARCH. THE MANAGING PARTNER AND A COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE COMPLETED FORMS, AND ADDRESSES CONFLICTS AS THEY ARISE. THE INTERESTED PERSON WHO HAS A CONFLICT MAY NOT VOTE ON MATTERS FOR WHICH THERE IS A CONFLICT OF INTEREST AND THEY MUST BE EXCLUDED FROM DISCUSSIONS OF MATTERS FOR WHICH THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 BRIDGESPAN UTILIZES A PROCESS TO ENSURE THAT COMPENSATION FOR PARTNERS IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS, AND THAT IT IS BASED ON COMPARABLE COMPENSATION DATA FROM OTHER ORGANIZATIONS. COMPENSATION FOR THE MANAGING PARTNERS AND OTHER PARTNERS AT BRIDGESPAN IS REVIEWED AND DELIBERATED ANNUALLY BY THE BRIDGESPAN BOARD OF TRUSTEES, AND CHANGES TO COMPENSATION LEVELS ARE MADE ONLY WITH THE APPROVAL OF THE FULL BOARD. BRIDGESPAN COMMISSIONS AN INDEPENDENT THIRD-PARTY COMPENSATION SURVEY EVERY THREE YEARS FROM AN OUTSIDE CONSULTING FIRM SPECIALIZING IN COMPENSATION TO PROVIDE BENCHMARKING INFORMATION ON COMPENSATION FOR SIMILAR POSITIONS IN OTHER ORGANIZATIONS. IN YEARS WHEN THE INDEPENDENT THIRD-PARTY SURVEY IS NOT BEING CONDUCTED, THE BOARD MAKES INQUIRIES WITH COMPENSATION EXPERTS AND OTHER INDEPENDENT SOURCES TO DETERMINE WHETHER THERE HAVE BEEN ANY SIGNIFICANT CHANGES OR TRENDS THAT COULD IMPACT PARTNER COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND FORM 990 OF THE ORGANIZATION ARE MADE AVAILABLE TO THE PUBLIC VIA THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE. THE ORIGINAL CORPORATE BYLAWS ARE PART OF BRIDGESPAN'S FORM 1023, WHICH IS A PUBLIC REQUEST DOCUMENT. THE BRIDGESPAN GROUP'S CONFLICT OF INTEREST POLICY IS MADE AVAILABLE UPON REQUEST. BRIDGESPAN INDIA PRIVATE LIMITED 9TH FL PLANTINA G BLOCK PLOT C 5 MUMBAI MAHARASHSTRA IN 400051 ADVISORY SERVICES IN THE BRIDGESPAN GROUP INC C 797305 3190716 0.97000 1 BRIDGESPAN SOCIAL IMPACT INC 2 COPLEY PLACE BOSTON MA 02110 814310056 ADVISORY SERVICES MA THE BRIDGESPAN GROUP INC C 662139 3667170 1.00000 1 BRIDGESPAN AFRICA RF 10 THE HIGH STREET JOHANNESBURG SF 2076 ADVISORY SERVICES SF THE BRIDGESPAN GROUP INC C 616786 1159251 1.00000 1 BRIDGESPAN SOUTHEAST ASIA LTD 36 ROBINSON ROAD CITY HOUSE SN 068877 ADVISORY SERVICES SN THE BRIDGESPAN GROUP INC C 1015019 1238457 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 BRIDGESPAN SOCIAL IMPACT INC L 2676991 COST BRIDGESPAN SOCIAL IMPACT INC D 1487672 BOOK VALUE BRIDGESPAN AFRICA RF E 468490 BOOK VALUE BRIDGESPAN INDIA PRIVATE LIMITED E 826934 BOOK VALUE BRIDGESPAN SOUTHEAST ASIA LTD E 67950 BOOK VALUE