Form 990 for tax year 2023
Filed by BUSINESS-INDUSTRY FOUNDATION OF WESTERN CONNECTICUT INC.
Totals
- Total revenue
- $37,697
- Total expenses
- $38,142
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $37,697
- Total assets, end of year
- $81,258
- Total liabilities, end of year
- $71,877
- Net assets or fund balances, end of year
- $9,381
- Program services expenses (Part IX)
- $35,942
- Management and general expenses
- $2,200
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $35,942
Program services were 94.2% 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.
-
8a · Fundraising events: gross income
$80,238
-
8b · Fundraising events: direct expenses
$42,541
-
8c · Net income from fundraising events
total $37,697 · excluded $37,697
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $2,200 · management and general $2,200
-
13 · Office expenses
total $35,942 · program services $35,942
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $104,499 · end of year $73,658
-
4 · Accounts receivable
beginning of year $15,960 · end of year $7,600
-
17 · Accounts payable and accrued expenses
beginning of year $25,710 · end of year $27,700
-
25 · Other liabilities
beginning of year $84,923 · end of year $44,177
-
27 · Net assets without donor restrictions
beginning of year $9,826 · end of year $9,381
Mission and programs · 2023
Mission
ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING OF ECONOMICS, MATTER OF PUBLIC CONCERN, JOB TRAINING, AND ECONOMIC DEVELOPMENT AND PLANNING.
-
PROGRAMS TO SUPPORT GREATER DANBURY AREA
Expenses $35,942
As filed on the 2023 return.
Listed in Part VII
-
MARTIN MORGADO
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
DOUG POLISTENA
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
ANTHONY CIRONE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
TODD INGERSOLL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
HARRY CAREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ERIN BYRNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAULA BOA SOUSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAN SOUSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPH DASILVA JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHELEN REYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JONATHAN GIBNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HAL KURFEHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEFF LEVINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RICHIE REYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GREG STEINER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THAMER RUSHAIDAT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHELLE JAMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ROSS RIZZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JENNIFER CURRAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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.
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.
-
GREATER DANBURY CHAMBER OF COMMERCE INC
501(C)(6) · STIMULATE GROWTH OF BUSINESSES IN THE GREATER DANBURY AREA · CT · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 June 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501889349301010
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