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Colorado · Nonprofit

THE FRIENDSHIP BRIDGE

THE FRIENDSHIP BRIDGE (Colorado) receives grants from 61 organizations whose IRS filings report $7,034,033 to it, the largest being TARGET FOUNDATION ($1,997,800). 40 of them have funded it in more than one year.

Revenue FY2025
$11M
Funders on record
61
Grants received
$7.0M
Net assets
$7.4M
40/61 repeat funderspeak grant-dependency 22%
01What it does

What The Friendship Bridge does

Mission

Friendship bridge is a nonprofit social enterprise creating opportunities that empower women in guatemala to build a better life. We use an innovative and high-impact approach to poverty alleviation by combining the tools of microfinance, education, (cont. On page 46) and preventive health services. We call this microcredit plus. As a result of participating in our programs, our clients experience a combination of increased resilience, improved empowerment, and accelerated business development. Learn more at www.friendshipbridge.org.

As stated on its FY2025 Form 990.

Program

  1. Microcredit plus program in guatemala: friendship bridge's micro-credit plus program offers impoverished guatemalan women micro-loans supplemented with plus services, including non-formal participatory education, artisan training, agricultural training, and preventative health services. During 2025, friendship bridge served over 37,000 women with $33.7m disbursed in loans. The loans average $878 for four to twelve-month loan cycles. Borrowings occur through groups of 7-25 women, each known as a trust bank. From 2021-2025, a 27% reduction in poverty rates were recognized in our clients. During 2025, fb offered non-formal education to all clients, provided specialized agriculture training to 758 clients, our health for life program served over 7,800, and the bridge to success program had 560 entrepreneur clients at year end.

    $10,300,114 spent$9,695,204 earned by the program
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $10,300,114.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($5.1M) Expenses 100 ($4.6M) Net assets 100 ($5.4M)2018 Revenue 109 ($5.5M) Expenses 108 ($5.0M) Net assets 102 ($5.5M)2019 Revenue 121 ($6.2M) Expenses 125 ($5.8M) Net assets 110 ($5.9M)2020 Revenue 122 ($6.2M) Expenses 135 ($6.2M) Net assets 108 ($5.8M)2021 Revenue 135 ($6.9M) Expenses 144 ($6.6M) Net assets 115 ($6.2M)2022 Revenue 156 ($8.0M) Expenses 163 ($7.5M) Net assets 119 ($6.4M)2023 Revenue 187 ($9.5M) Expenses 191 ($8.8M) Net assets 133 ($7.1M)2024 Revenue 197 ($10M) Expenses 226 ($10M) Net assets 129 ($7.0M)2025 Revenue 224 ($11M) Expenses 242 ($11M) Net assets 137 ($7.4M)
'17'18'19'20'21'22'23'24'25
Revenue (224)Expenses (242)Net assets (137)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $21M to $25M (+20%).

$11M
$11M
$12M
$13M
$14M
$16M
$20M
$21M
$25M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 1% · 2018 2% · 2021 4%. Grants only. Government contracts and fees sit inside program revenue.

14% of THE FRIENDSHIP BRIDGE’s revenue is contributions — more earned-revenue than three-quarters of its peers (96% for the typical peer).

This organization
Typical peer · 388 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$482k
’17
$579k
’18
$396k
’19
−$3k
’20
$248k
’21
$426k
’22
$693k
’23
−$380k
’24
$238k
’25
3.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Tracie Cordeiro

President & CEO

Board chair

Susie Miller

Chair

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2022 and FY2023 filings.

'17'18'19'20'21'22'23'24'25
Listed141315151616161618
Joined·+1+4+2+3+3+3+4+3
No longer listed·22223341
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 18 funders to 27 funders, grant income rose $204k → $743k.

22 of 61 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 27% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THE FRIENDSHIP BRIDGE’s funders (the co-funder graph). Top 30 of 61 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE FRIENDSHIP BRIDGE has a broad base — no single funder exceeds 28% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

28% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE FRIENDSHIP BRIDGE.

28%
largest funder
49%
top three
~8
effective funders

Largest funder’s share by year: 2017 20% · 2018 20% · 2019 33% · 2020 15% · 2021 66% · 2022 49% · 2023 13% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

61% of THE FRIENDSHIP BRIDGE's funders are still giving 3 years after their first grant; 66% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

THE FRIENDSHIP BRIDGE draws 74% of its grant income from funders outside Colorado, across 16 states in all.

ME
MN
IL
WI
NY
MA
CA
CO
VA
MD
DE
OK
LA
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Colorado out of state home

Funder states come from each funder’s own filing. $1.9M arriving through sponsors registered in 14 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE FRIENDSHIP BRIDGE runs a healthier operating margin than half of the 174 international nonprofits its size.

Operating margin2% · above the median
Months of reserve3.3mo · below the median
Revenue growth (annualized)11% · above the median

this organization peer median middle 50% of peers· 174 international nonprofits $10M–$100M, FY2025

Organizations like THE FRIENDSHIP BRIDGE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Colorado

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

92% of spending goes to programs.

Program 92%Management 6%Fundraising 2%

Governance

16
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

71%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 4 states

MN
WI
CA
CO

Screen this organization

A dated, signed PDF of the compliance screen for THE FRIENDSHIP BRIDGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE FRIENDSHIP BRIDGE?
THE FRIENDSHIP BRIDGE (Colorado) receives grants from 61 organizations whose IRS filings report $7,034,033 to it, the largest being TARGET FOUNDATION ($1,997,800). 40 of them have funded it in more than one year.
How many funders does THE FRIENDSHIP BRIDGE have?
IRS filings report 61 organizations giving $7,034,033 in grants to THE FRIENDSHIP BRIDGE, 40 of which have funded it in more than one year.
Who is the largest funder of THE FRIENDSHIP BRIDGE?
TARGET FOUNDATION is the largest funder on record, with $1,997,800 in grants. The full list of funders is on this page.
How can an organization like THE FRIENDSHIP BRIDGE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Colorado. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Friendship Bridge →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 61 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing