Greater Bridgeport Opportunities Industrialization Center Inc
- Assets
- $135.5k
- Revenue
- $229.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Bridgeport, CT
- Founding
- 10/1999
- Data as of
- 06/2022
- EIN
- 06-1493753
Organization Overview
Greater Bridgeport Opportunities Industrialization Center Inc is located in Bridgeport, CT. The organization was established in 1999. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Greater Bridgeport Opportunities Industrialization Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Bridgeport Opportunities Industrialization Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Greater Bridgeport Opportunities Industrialization Center Inc generated $229.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $226.4k during the year ending 06/2022. While expenses have increased by 10.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYMENT & TRAINING PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCYS PRIMARY GRANT WAS RENEWED TO CONTINUE TO PROVIDEBASIC CAREER AND BUSINESS DEVELOPMENT SERVICES TO 125DISADVANTAGED RESIDENTS IN FAIRFIELD COUNTY. ADDITIONAL TRAININGSERVICES INCLUDE URBAN FARMING TRAINING AND SERVESAFE FOODHANDLERS CERTIFICATION.A NEW SOURCE OF FUNDING WAS RECEIVED IN THE AMOUNT OF $20,000.00TO REVIEW THE EXISTING ADMINISTRATIVE INFRASTRUCTURE AND HELP BUILDCAPACITY.ADDITIONAL FUNDING WAS RECEIVED FROM THE AMERICAN RESCUE PLAN ACT(ARPA) IN THE AMOUNT OF $250,000.00 TO IMPLEMENT A NEIGHBORHOODBASED BUSINESS DEVELOPMENT CENTER TO PROVIDE TECHNICAL ASSISTANCEAND RESOURCES TO 300 LOCAL BUSINESSES.THE AGENCY EXPANDED ITS SCOPE OF SERVICES TO INCLUDE CERTIFIEDNURSES AID TRAINING AND RECEIVED A GRANT IN THE AMOUNT OF$120,000.00 FOR TRAINING AND CASE MANAGEMENT SERVICES. THESUCCESSFUL GRADUATES WILL HAVE PRIORITY FOR EMPLOYMENT STARTING AT$25.00 PER HOUR WITH FULL BENEFITS AT THE LOCAL HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Washington Chairperson | Officer | 2 | $0 |
Frances Newby Member | Officer | 2 | $0 |
Elena Padin Secretary | Officer | 2 | $0 |
Maria R Alterie Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $228,351 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,216 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,201 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,097 |
| Office expenses | $9,462 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,621 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $651 |
| Insurance | $1,849 |
| All other expenses | $0 |
| Total functional expenses | $226,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,324 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $45,813 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,581 |
| Total assets | $135,491 |
| Accounts payable and accrued expenses | $5,963 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,595 |
| Total liabilities | $8,558 |
| Net assets without donor restrictions | $126,933 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $126,933 |