2026-08-07T08:32:51-05:00 2025-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2025-01-01 841141078 THE FRIENDSHIP BRIDGE FRIE 3036740717 405 URBAN STREET 140 LAKEWOOD CO 80228 TRACIE CORDEIRO PRESIDENT & CEO 3036740717 2026-08-07 1 RICHARD J LOCASTRO CPA P00288314 3019519090 2025 2025-03-06 01:10:19Z TRACIE CORDEIRO 405 URBAN STREET 140 LAKEWOOD CO 80228 13403843 0 X WWW.FRIENDSHIPBRIDGE.ORG X 1990 CO SEE PART III, LINE 1. 16 16 9 335 0 0 1586563 1541505 8246066 9695204 193943 146067 31914 23661 10058486 11406437 0 0 0 0 4641932 4919517 0 0 234004 5796591 6248653 10438523 11168170 -380037 238267 20696896 24741587 13731994 17385640 6964902 7355947 X 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. 0 0 10300114 9695204 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. 10300114 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 47 0 1 9 1 0 1 GT 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA MN WI CO X X TRACIE CORDEIRO 3036740717 405 URBAN STREET 140 LAKEWOOD CO 80228 SUSIE MILLER CHAIR 5.00 X X 0 0 0 PARKER SCHENKEN VICE CHAIR 1.00 X X 0 0 0 BETSY THOMPSON SECRETARY 1.00 X X 0 0 0 MATILDE OLAZABAL TREASURER 1.00 X X 0 0 0 GEOFF HOYL DIRECTOR 1.00 X 0 0 0 ANTONIETA DEL CID DIRECTOR 1.00 X 0 0 0 ANNA DE LA CRUZ DIRECTOR 1.00 X 0 0 0 ALEXANDRA NEVILLE DIRECTOR 1.00 X 0 0 0 PAOLO LEIVA DIRECTOR 1.00 X 0 0 0 NORMA BAJAN DIRECTOR 1.00 X 0 0 0 STEVE MILLER DIRECTOR 1.00 X 0 0 0 MARYANN HUNTER DIRECTOR 1.00 X 0 0 0 CAROLINA ROCA DIRECTOR 1.00 X 0 0 0 LARA DIACONU DIRECTOR 1.00 X 0 0 0 ROLANDO YON DIRECTOR 1.00 X 0 0 0 PAUL SCHREDER DIRECTOR 1.00 X 0 0 0 TRACIE CORDEIRO PRESIDENT & CEO 50.00 X 177552 0 7200 NICOLE EUBANKS CHIEF DEVELOPMENT OFFICER 50.00 X 121013 0 7200 CAITLIN SCOTT CHIEF STRATEGY OFFICER 50.00 X 123760 0 7200 422325 0 21600 3 0 1 0 0 69946 1471559 7062 1541505 MICRO-CREDIT LOANS 522100 9501948 9501948 SALES 900099 175375 175375 INSIGHT TRIPS 900099 17881 17881 9695204 146067 146067 1979281 1979281 0 28824 69946 18125 10699 10699 MISCELLANEOUS 900099 12962 12962 12962 11406437 9695204 0 169728 184752 71469 107753 5530 4242653 3861403 263145 118105 19456 17286 1627 543 142817 127506 11325 3986 329839 293043 27585 9211 44097 44097 61390 49888 8623 2879 947315 791497 107592 48226 327506 321998 4129 1379 733248 701061 24129 8058 330330 298474 23882 7974 339975 310988 21731 7256 737748 709924 20859 6965 88206 84376 1633 2197 586606 586606 144052 144052 25399 18193 2018 5188 BAD DEBT 713632 713632 FOREIGN INCOME TAXES 676866 676866 TRAINING 317510 312710 3599 1201 CREDIT CHECKS 116626 116626 58147 48419 4422 5306 11168170 10300114 634052 234004 272751 331047 1824321 2738625 5000 0 535334 711836 16815878 19216910 30826 34450 137160 100573 1138724 825627 433014 313097 328745 914145 313867 380904 20696896 24741587 1840216 2116348 6419 34950 223600 650000 71909 0 11287422 14202157 302428 382185 13731994 17385640 X 5737546 6710260 1227356 645687 6964902 7355947 20696896 24741587 X 238267 27721 125057 X 0 1 X 1 0 X 1558531 1649424 2323853 1586563 1541505 8659876 1558531 1649424 2323853 1586563 1541505 8659876 1825709 6834167 123453 87797 144489 193943 146067 695749 29962 35400 26750 19842 10699 122653 128196 14008 11005 12072 12962 178243 9656521 36224244 0.70770 0.64750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 197233 27249 23200 201282 198541 18192 19500 197233 173260 25519 238 198541 202102 100 -27397 1545 173260 102919 100000 9686 10503 202102 0.00000 0.99910 0.00090 0 0 179261 156733 22528 814968 565680 249288 144495 103214 41281 313097 OPERATING LEASE LIABILITIES 382185 382185 11489125 27721 36842 18125 82688 11406437 0 11406437 11223137 36842 18125 54967 11168170 0 11168170 PART V, LINE 4: TO SUPPORT FRIENDSHIP BRIDGE'S WOMEN'S EDUCATION PROGRAM AND THE HANDMADE BY FRIENDSHIP BRIDGE PROGRAM. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES REPORTED AS EXPENSE ON THE 18,125. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES REPORTED AS EXPENSE ON THE 18,125. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. CENTRAL AMERICA AND THE CARIBBEAN 13 263 PROGRAM SERVICES MICRO-CREDIT, NON-FORMAL AND ADVANCED EDUCATION AND PREVENTIVE HEALTH SERVICES 10300114 13 263 0 0 13 263 10300114 0 10300114 0 0 0 0 0 0 BUILDING BRIDGES GALA 93725 64901 28824 50 4198 12783 CIRCLE EVENTS 5045 5045 200 275 619 98770 69946 28824 250 4473 13402 18125 10699 X X X 0 0 0 0 0 0 0 1 0 TRACIE CORDEIRO PRESIDENT & CEO 177552 0 0 0 0 0 6000 0 1200 0 184752 0 0 0 PART I, LINE 7 PERFORMANCE-BASED BONUSES WERE PAID TO THE FOLLOWING PERSONS LISTED ON PART VII: CAITLIN SCOTT: $4,000 NICOLE EUBANKS: $4,000 GEOFF HOYL BOARD MEMBER MICROCREDIT LOAN PORTFOLIO GROWTH X 300000 405000 0 1 1 JOSE GERMAN OBIOLS FAMILY OF BD MEMBER MICROCREDIT LOAN PORTFOLIO GROWTH X 65000 81250 0 1 1 MARYANN HUNTER BOARD MEMBER MICROCREDIT LOAN PORTFOLIO GROWTH X 25000 31250 0 1 1 PARKER SCHENKEN BOARD MEMBER MICROCREDIT LOAN PORTFOLIO GROWTH X 25000 31250 0 1 1 SUSIE MILLER BOARD MEMBER MICROCREDIT LOAN PORTFOLIO GROWTH X 50000 67500 0 1 1 STEVE MILLER BOARD MEMBER MICROCREDIT LOAN PORTFOLIO GROWTH X 25000 33750 0 1 1 650000 FORM 990, PART VI, SECTION A, LINE 1A THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE COMPOSED OF SELECT MEMBERS OF THE BOARD OF DIRECTORS (ALL MEMBERS ARE PART OF THE BOARD OF DIRECTORS) THAT IS AUTHORIZED TO TAKE ACTION ON URGENT MATTERS WHEN IT IS NOT FEASIBLE TO CALL TOGETHER THE ENTIRE BOARD. CERTAIN ACTIONS AS DESCRIBED IN THE CHARTER REQUIRE FULL BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 PREPARATION IS COORDINATED BY APPROPRIATE FRIENDSHIP BRIDGE STAFF; COMPLETED BY OUR OUTSIDE ACCOUNTANTS, GRF CPAS, WHO PREPARE THE ANNUAL AUDITED FINANCIAL STATEMENTS; REVIEWED BY THE PRESIDENT & CEO AND THE CFO; AND THEN SUBMITTED TO THE AUDIT COMMITTEE. IT IS THEN SENT TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ATTESTATION OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS AN ANNUAL REQUIREMENT FOR ALL BOARD AND STAFF AND IS KEPT ON FILE AT FRIENDSHIP BRIDGE OFFICES. AFTER A BOARD MEMBER DISCLOSES THE EXISTENCE OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE REMAINING BOARD MEMBERS DISCUSS THE MATTER IN THE ABSENCE OF THE INTERESTED BOARD MEMBER, DECIDE WHETHER A CONFLICT EXISTS, AND, IF SO, WHETHER IT IS IN THE BEST INTERESTS OF FRIENDSHIP BRIDGE TO TAKE THE ACTION OR ENGAGE IN THE TRANSACTION IN WHICH THE BOARD MEMBER HAS AN INTEREST. THE PROCESS IS SIMILAR FOR AN EMPLOYEE WITH A CONFLICT OF INTEREST, EXCEPT THAT THE ENTIRE BOARD WOULD DISCUSS THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, AN EXECUTIVE COMMITTEE, MADE UP OF INDEPENDENT DIRECTORS, RESEARCHES COMPARABLE NONPROFIT ORGANIZATIONS FOR COMPENSATION DATA OF SIMILARLY SITUATED CEOS OR EXECUTIVE DIRECTORS. IN JANUARY AND FEBRUARY 2025, THE COMMITTEE UTILIZED THE GUIDESTAR NONPROFIT COMPENSATION REPORT TO DETERMINE THE COMPETITIVENESS OF OUR CEO'S COMPENSATION. THIS REPORT COMPILES OVER 140,000 INDIVIDUAL POSITIONS AT NEARLY 90,000 NON-PROFIT ORGANIZATIONS. AN UPWARD ADJUSTMENT TO OUR CEO'S BASE SALARY WAS AGREED UPON TO KEEP HER CLOSE TO THE INDUSTRY AVERAGES. BASED ON THIS REVIEW, THE COMMITTEE RECOMMENDED APPROVAL OF THE COMPENSATION TO THE FULL BOARD. THE DELIBERATIONS AND DECISIONS OF THE EXECUTIVE COMMITTEE WERE DOCUMENTED SIMULTANEOUSLY BY EMAIL IN COMMUNICATIONS AMONG THE COMMITTEE MEMBERS AND WITH THE FULL BOARD. DECISIONS REGARDING APPROVED COMPENSATION WERE ALSO COMMUNICATED BY EMAILS TO MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 FRIENDSHIP BRIDGE FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEB SITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CURRENCY GAIN 125,057.