Bridgewater Foundation

Greensboro, NC
Tax-exempt since Feb. 2009
EIN: 26-3620308

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$175k (2024)

Expenses

$127k (2024)

Total Assets

$2.07M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$174,941

Expenses

$126,980

Net Income

$47,961

Net Assets

$2,067,067

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25,302	14.5%
Dividends	$40,120	22.9%
Sales of Assets	$109,519	62.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$109,372	86.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,067,067
Total Liabilities	$0
Net Assets	$2,067,067

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (Treasurer)	$0	$0
Mary B Magrinat (President)	$0	$0
Thomas E Magrinat (Secretary)	$0	$0

990-PF

Filed on May 8, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$67,870

Expenses

$128,921

Net Income

-$61,051

Net Assets

$2,019,106

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$21,743	32.0%
Dividends	$41,445	61.1%
Sales of Assets	$4,682	6.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$113,100	87.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,019,106
Total Liabilities	$0
Net Assets	$2,019,106

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (Treasurer)	$0	$0
Mary B Magrinat (President)	$0	$0
Thomas E Magrinat (Secretary)	$0	$0

990-PF

Filed on May 8, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$18,325

Expenses

$102,641

Net Income

-$84,316

Net Assets

$2,080,157

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,917	81.4%
Dividends	$35,807	> 100%
Sales of Assets	-$32,399
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,160	73.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,080,157
Total Liabilities	$0
Net Assets	$2,080,157

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (Treasurer)	$0	$0
Mary B Magrinat (President)	$0	$0
Thomas E Magrinat (Secretary)	$0	$0

990-PF

Filed on Oct. 31, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$453,497

Expenses

$18,818

Net Income

$434,679

Net Assets

$2,164,473

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$23,089	5.1%
Interest Revenue	$14,471	3.2%
Dividends	$29,759	6.6%
Sales of Assets	$386,178	85.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,164,473
Total Liabilities	$0
Net Assets	$2,164,473

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (Treasurer)	$0	$0
Mary B Magrinat (President)	$0	$0
Thomas E Magrinat (Secretary)	$0	$0

990-PF

Filed on Aug. 31, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$90,823

Expenses

$19,033

Net Income

$71,790

Net Assets

$1,729,793

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,077	4.5%
Interest Revenue	$13,462	14.8%
Dividends	$24,064	26.5%
Sales of Assets	$49,220	54.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,729,794
Total Liabilities	$1
Net Assets	$1,729,793

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (Treasurer)	$0	$0
Mary B Magrinat (President)	$0	$0
Thomas E Magrinat (Secretary)	$0	$0

990-PF

Filed on Oct. 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$345,160

Expenses

$66,768

Net Income

$278,392

Net Assets

$1,658,003

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$251,790	72.9%
Interest Revenue	$11,548	3.3%
Dividends	$24,500	7.1%
Sales of Assets	$56,715	16.4%
Other Income	$607	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,000	74.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,658,004
Total Liabilities	$1
Net Assets	$1,658,003

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (Treasurer)	$0	$0
Mary B Magrinat (President)	$0	$0
Thomas E Magrinat (Secretary)	$0	$0

990-PF

Filed on Sept. 2, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$171,002

Expenses

$70,146

Net Income

$100,856

Net Assets

$1,379,612

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$104,332	61.0%
Interest Revenue	$7,577	4.4%
Dividends	$23,908	14.0%
Sales of Assets	$34,308	20.1%
Other Income	$877	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,300	71.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,379,612
Total Liabilities	$0
Net Assets	$1,379,612

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (President/Director)	$0	$0
Mary B Magrinat (Treasurer/Director)	$0	$0
Thomas E Magrinat (Secretary/Director)	$0	$0

990-PF

Filed on Aug. 12, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$217,385

Expenses

$69,042

Net Income

$148,343

Net Assets

$1,278,756

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$26,945	12.4%
Interest Revenue	$5,734	2.6%
Dividends	$24,204	11.1%
Sales of Assets	$159,743	73.5%
Other Income	$759	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,300	72.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,278,756
Total Liabilities	$0
Net Assets	$1,278,756

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (President/Director)	$0	$0
Mary B Magrinat (Treasurer/Director)	$0	$0
Thomas E Magrinat (Secretary/Director)	$0	$0

990-PF

Filed on Oct. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$508,755

Expenses

$102,560

Net Income

$406,195

Net Assets

$1,130,413

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$192,715	37.9%
Interest Revenue	$823	0.2%
Dividends	$13,488	2.7%
Sales of Assets	$300,311	59.0%
Other Income	$1,418	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$87,800	85.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,130,413
Total Liabilities	$0
Net Assets	$1,130,413

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (President/Director)	$0	$0
Mary B Magrinat (Treasurer/Director)	$0	$0
Thomas E Magrinat (Secretary/Director)	$0	$0

990-PF

Filed on Aug. 16, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$327,038

Expenses

$112,788

Net Income

$214,250

Net Assets

$724,218

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$168,449	51.5%
Interest Revenue	$11	0.0%
Dividends	$15,417	4.7%
Sales of Assets	$142,343	43.5%
Other Income	$818	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,850	91.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$724,218
Total Liabilities	$0
Net Assets	$724,218

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (President/Director)	$0	$0
Mary B Magrinat (Treasurer/Director)	$0	$0
Thomas E Magrinat (Secretary/Director)	$0	$0

990-PF

Filed on May 20, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$216,609

Expenses

$120,529

Net Income

$96,080

Net Assets

$509,968

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$140,625	64.9%
Interest Revenue	$8	0.0%
Dividends	$9,070	4.2%
Sales of Assets	$67,026	30.9%
Other Income	-$120

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$113,450	94.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$509,968
Total Liabilities	$0
Net Assets	$509,968

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (President/Director)	$0	$0
Mary B Magrinat (Treasurer/Director)	$0	$0
Thomas E Magrinat (Secretary/Director)	$0	$0

990-PF

Filed on May 15, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$275,017

Expenses

$105,022

Net Income

$169,995

Net Assets

$413,888

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$178,298	64.8%
Interest Revenue	$3	0.0%
Dividends	$5,839	2.1%
Sales of Assets	$90,598	32.9%
Other Income	$279	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,700	96.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$413,888
Total Liabilities	$0
Net Assets	$413,888

Compensation

Key Employees and Officers	Compensation	Other
Gustav C Magrinat (President/Director)	$0	$0
Mary B Magrinat (Treasurer/Director)	$0	$0
Thomas E Magrinat (Secretary/Director)	$0	$0

990-PF

Filed on May 13, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$18,391

Expenses

$106,310

Net Income

-$87,919

Net Assets

$243,892

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$7,858	42.7%
Sales of Assets	$10,060	54.7%
Other Income	$467	2.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,250	96.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$243,893
Total Liabilities	$1
Net Assets	$243,892

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$29,372

Expenses

$106,260

Net Income

-$76,888

Net Assets

$331,811

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,500	18.7%
Interest Revenue	$14	0.0%
Dividends	$11,000	37.5%
Sales of Assets	$12,490	42.5%
Other Income	$368	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,575	95.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$331,812
Total Liabilities	$1
Net Assets	$331,811

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 3) PDF (3 of 3)

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Bridgewater Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $175k (2024)

Expenses $127k (2024)

Total Assets $2.07M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$175k (2024)

Expenses

$127k (2024)

Total Assets

$2.07M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008