Form 990 for tax year 2023
Filed by THE BRIDGEPORT REGIONAL BUSINESS CO UNCIL INC.
Totals
- Total revenue
- $843,860
- Total expenses
- $924,322
- Contributions and grants received
- $472,475
- Grants paid
- $0
- Program service revenue
- $223,921
- Investment income
- $11
- Other revenue
- $147,453
- Total assets, end of year
- $345,700
- Total liabilities, end of year
- $353,724
- Net assets or fund balances, end of year
- -$8,024
- Program services expenses (Part IX)
- $776,513
- Management and general expenses
- $147,809
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $776,513
Program services were 84.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$465,517
-
1f · All other contributions, gifts and grants
$6,958
-
2a · Program service revenue: PROGRAM & EVENT REVENU
total $223,921 · related or exempt $195,821 · unrelated business $28,100
-
3 · Investment income
total $11 · excluded $11
-
11a · Other revenue: SPECIAL PROJECTS INCOM
total $147,453 · related or exempt $147,453
-
11e · Other revenue, total
$147,453
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $160,000 · program services $144,000 · management and general $16,000
-
7 · Other salaries and wages
total $141,542 · program services $127,983 · management and general $13,559
-
10 · Payroll taxes
total $30,175 · program services $27,284 · management and general $2,891
-
11c · Fees: accounting
total $57,955 · program services $52,159 · management and general $5,796
-
13 · Office expenses
total $5,940 · program services $1,295 · management and general $4,645
-
16 · Occupancy
total $30,000 · program services $27,000 · management and general $3,000
-
19 · Conferences, conventions and meetings
total $135,982 · program services $135,982
-
22 · Depreciation, depletion and amortization
total $1,676 · program services $1,509 · management and general $167
-
23 · Insurance
total $1,952 · program services $1,757 · management and general $195
-
24a · Other expenses: OTHER PROGRAMS
total $119,069 · program services $119,069
-
24b · Other expenses: PROVISION FOR DOUBTFUL
total $96,000 · management and general $96,000
-
24c · Other expenses: MANUFACTURING PARTNERSH
total $71,500 · program services $71,500
-
24d · Other expenses: OTHER EXPENSES
total $37,665 · program services $35,437 · management and general $2,228
-
24e · All other expenses
total $34,866 · program services $31,538 · management and general $3,328
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $98,448 · end of year $101,478
-
4 · Accounts receivable
beginning of year $223,745 · end of year $195,572
-
9 · Prepaid expenses and deferred charges
beginning of year $24,803 · end of year $18,083
-
10a · Land, buildings and equipment: cost or other basis
$60,645
-
10b · Land, buildings and equipment: accumulated depreciation
$57,104
-
10c · Land, buildings and equipment, net
beginning of year $5,217 · end of year $3,541
-
15 · Other assets
beginning of year $26,185 · end of year $27,026
-
17 · Accounts payable and accrued expenses
beginning of year $211,794 · end of year $210,960
-
19 · Deferred revenue
beginning of year $78,832 · end of year $116,486
-
25 · Other liabilities
beginning of year $26,278 · end of year $26,278
-
27 · Net assets without donor restrictions
beginning of year $61,494 · end of year -$8,024
Mission and programs · 2023
Mission
TO INCREASE OPPORTUNITIES FOR THE PEOPLE OF THE BRIDGEPORT REGION BY ACTING TO CREATE AN ENVIRONMENT FOR BUSINESS EXPANSION, RETENTION AND RECRUITMENT THAT WILL RESULT IN JOBS AND TAX BASE GROWTH.
-
MEMBERSHIP-VARIOUS SERVICES AND PROGRAMS TO DIRECTLY BENEFIT THE MEMBER COMPANIES OF THE REGIONAL CHAMBER OF COMMERCE.
Expenses $311,687 · Revenue $195,821
-
ECONOMIC DEVELOPMENT PROGRAMS AND PROJECTS DESIGNED TO INCREASE JOB AND TAX BASE IN THE REGION, WORK WITH CONSULTANTS AND TASKFORCES TO CONDUCT RESEARCH AND PROMOTION OF EXPANSION AND GROWTH.
Expenses $214,907 · Revenue $147,453
-
AFFILIATES-TO PROVIDE PROGRAM SERVICES AND ADMINISTRATIVE SUPPORT FOR THE BRIDGEPORT, TRUMBULL AND STRATFORD CHAMBERS OF COMMERCE AND THE WOMENS LEADERSHIP PROGRAM.
Expenses $101,052
-
Expenses $148,867
As filed on the 2023 return.
Listed in Part VII
-
Dan OnofrioDAN ONOFRIO
PRESIDENT & CEO
- Total calculated
- $160,000
- From this org
- $160,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $160,000
-
Timothy HodgesTIMOTHY HODGES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David LevineDAVID LEVINE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eric HendlinERIC HENDLIN
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Armando GoncalvesARMANDO GONCALVES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kate Hampford DonahueKATE HAMPFORD DONAHUE
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Lorraine GibbonsLORRAINE GIBBONS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim GildeaJIM GILDEA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charles FirlotteCHARLES FIRLOTTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Douglas H Wade JrDOUGLAS H WADE JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stephen MoroneySTEPHEN MORONEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence J GanimLAWRENCE J GANIM
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Fred PetrossiFRED PETROSSI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas S SantaTHOMAS S SANTA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John F StafstromJOHN F STAFSTROM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mary Beth NelsenMARY BETH NELSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Phillip KuchmaPHILLIP KUCHMA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Don MorrisseyDON MORRISSEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Crystal EngramCRYSTAL ENGRAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Natalie PryceNATALIE PRYCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David FemiDAVID FEMI
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Michael SciamannaMICHAEL SCIAMANNA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Al CarboneAL CARBONE
CO-CHAIR GOV'T RELATIONS COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard LaskyRICHARD LASKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sherri DenteSHERRI DENTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William JenningsWILLIAM JENNINGS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Manuel GomezDR MANUEL GOMEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Erica EngERICA ENG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bob DavidBOB DAVID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Edward MartinezEDWARD MARTINEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer VaccoJENNIFER VACCO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim BaldwinJIM BALDWIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tom QuinnTOM QUINN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Amanda MillerAMANDA MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
THE BRIDGEPORT REGIONAL BUSINESS FOUNDATION INC
501(C)(3) · ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNITIES IN BRIDGEPORT REGION · CT
-
THE BRIDGEPORT ECONOMIC DEVELOPMENT CORPORATION
501(C)(3) · DEVELOPS AND MANAGES PROGRAMS FOR THE BENEFIT OF THE BRIDGEPORT REGION · CT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413539349301321
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