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← BUSINESS-INDUSTRY FOUNDATION OF WESTERN CONNECTICUT INC

Form 990 for tax year 2022

Filed by BUSINESS-INDUSTRY FOUNDATION OF WESTERN CONNECTICUT INC.

Totals

Total revenue
$56,971
Total expenses
$46,965
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$56,971
Total assets, end of year
$120,459
Total liabilities, end of year
$110,633
Net assets or fund balances, end of year
$9,826
Program services expenses (Part IX)
$44,865
Management and general expenses
$2,100
Fundraising expenses
$0
Program service expenses (Part III)
$44,865

Program services were 95.5% 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

    $90,728

  • 8b · Fundraising events: direct expenses

    $33,757

  • 8c · Net income from fundraising events

    total $56,971 · excluded $56,971

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,100 · management and general $2,100

  • 13 · Office expenses

    total $44,765 · program services $44,765

  • 24a · Other expenses: DUES, FEES & SUBSCRIPTI

    total $100 · program services $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,646 · end of year $104,499

  • 4 · Accounts receivable

    beginning of year $7,890 · end of year $15,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,000 · end of year $25,710

  • 25 · Other liabilities

    beginning of year $76,716 · end of year $84,923

  • 27 · Net assets without donor restrictions

    beginning of year -$180 · end of year $9,826

Mission and programs · 2022

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 $44,865

As filed on the 2022 return.

Listed in Part VII

  • Martin Morgado

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Maura Ruby

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Anthony Cirone

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Todd Ingersoll

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Paula Boa Sousa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Clancy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joseph Dasilva Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Herz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michelle James

    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
  • Ross Rizzo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Judith Miller

    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
  • Marie Miszewski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Doug Polistena

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Curran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Harry Carey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Erin Byrne

    DIRECTOR

    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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202402289349300210

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