Bridgeport Hospital Foundation Inc is located in Bridgeport, CT. The organization was established in 1988. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgeport Hospital Foundation 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 09/2020, Bridgeport Hospital Foundation Inc generated $9.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $7.9m during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING FOR BRIDGEPORT HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHEDULE OTHE BRIDGEPORT HOSPITAL FOUNDATION RECEIVED MORE THAN $5.6 MILLION IN PHILANTHROPIC GIFTS IN FY 2021. THE COVID-19 PANDEMIC LIMITED MANY ROUTINE FUNDRAISING ACTIVITIES EARLY IN THE YEAR; HOWEVER, IN THE SPRING AND SUMMER OF 2021 BOTH THE ROSE OF HOPE LUMINARY EVENT AND THE KAULBACH MEMORIAL GOLF CLASSIC ALLOWED FOR LONG-AWAITED AND SUCCESSFUL IN-PERSON CONNECTIONS WITH DONORS.DONORS CONTRIBUTED MORE THAN $840,000 THROUGH WILLS AND ESTATES, A SIGNIFICANTLY HIGHER FIGURE THAN IN RECENT YEARS. THE INCREASE REFLECTS THE STRONG AFFINITY THE COMMUNITY FEELS TOWARDS BRIDGEPORT HOSPITAL, WHICH HAS BEEN PROVIDING CARE TO INDIVIDUALS AND FAMILIES OF SOUTHWESTERN FAIRFIELD COUNTY FOR 138 YEARS.ONCE AGAIN, THE NORMA PFRIEM BREAST CENTER WAS THE MOST POPULAR DESIGNATION FOR DONORS. THE BREAST CENTER HOSTED ITS 20TH ANNUAL ROSE OF HOPE EVENT IN JUNE TO HONOR ITS MOST LOYAL AND GENEROUS SPONSORS. THE EVENT RAISED MORE THAN $450,000 AFTER EXPENSES TO SUPPORT PROGRAMS FOR UNDERSERVED WOMEN. ALSO IN OCTOBER, THE BREAST CENTER'S "PINK PLEDGE" INITIATIVE EXPANDED BEYOND FAIRFIELD TO RAISE FUNDS AND AWARENESS FOR BREAST CANCER IN BRIDGEPORT, STRATFORD, TRUMBULL AND MILFORD. DONORS CONTRIBUTED MORE THAN $170,000, MAINLY TO LOCAL BUSINESSES WHO IN TURN GAVE A PORTION OF THEIR SALES TO THIS GREAT CAUSE.DONORS ALSO GAVE MORE THAN $430,000 TO LAUNCH A NEW PREVENTIVE CARE PROGRAM IN THE HOSPITAL'S PRIMARY CARE CENTER (PCC). THE GOAL OF THE PROGRAM IS TO ADDRESS HEALTH CARE DISPARITIES ESPECIALLY IN CANCER SCREENING. FOR EXAMPLE, THE STATE OF CT HAS A 75% COLORECTAL CANCER SCREENING RATE, WHILE THE PCC IS AT 48%. SIMILARLY FOR BREAST CANCER SCREENING, CT IS AT 84% AND THE PCC IS AT 59% AS EXTRACTED FROM CDC WEBSITE. PHILANTHROPIC GIFTS WILL SUPPORT SALARIES OF OUTREACH STAFF AND MEDICAL ASSISTANTS TO EMPHASIZE AND CLOSE THESE GAPS IN CARE FOR PCC PATIENTS, ESPECIALLY THOSE WHO CHRONIC MEDICAL CONDITIONS AND FREQUENTLY THE VISIT THE HOSPITAL'S EMERGENCY DEPARTMENT.FINALLY, AFTER PAUSING A YEAR DUE TO COVID, THE KAULBACH MEMORIAL GOLF CLASSIC RETURNED IN SEPTEMBER TO CELEBRATE ITS 40TH ANNIVERSARY. MORE THAN 125 GOLFERS AND SPONSORS CONTRIBUTED MORE THAN $125,000 TO SUPPORT AN OUTPATIENT PALLIATIVE CARE CLINIC FOR PATIENTS LIVING WITH ADVANCED CANCER, AS WELL AS AN ONCOLOGY CHAPLAINCY PROGRAM.THE FOUNDATION ACHIEVED GUIDESTAR'S PLATINUM SEAL OF TRANSPARENCY IN 2021. GUIDESTAR GATHERS, ORGANIZES, AND DISTRIBUTES INFORMATION ABOUT MORE THAN 2.7 MILLION U.S. NONPROFITS. LAST YEAR, THERE WERE MORE THAN 10.8 MILLION UNIQUE VISITORS TO GUIDESTAR'S WEBSITE AS PEOPLE SOUGHT TRUSTWORTHY INFORMATION TO MAKE DECISIONS ABOUT NONPROFITS AND THE WORK THEY DO.THE FOUNDATION HAS ADVANCED BEYOND THE BRONZE, SILVER AND GOLD AWARDS BY ADDING IN-DEPTH FINANCIAL INFORMATION AND QUANTITATIVE METRICS ABOUT OUR COMMUNITY HEALTH INITIATIVES, AS AN EXAMPLE OF HOW OUR DONORS ARE IMPACTING THE PATIENTS SERVED BY BRIDGEPORT HOSPITAL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen Jakab President/trustee | OfficerTrustee | 1 | $0 |
Carla Klein Vice Chairman/trustee | OfficerTrustee | 1 | $0 |
Robert Stanton Treasurer/trustee | OfficerTrustee | 1 | $0 |
Lesley O'connell Secretary/trustee | OfficerTrustee | 1 | $0 |
Emil Meshberg Chair/trustee | OfficerTrustee | 1 | $0 |
Anne Diamond Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $4,667,097 |
Investment income | $2,392,332 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,668,864 |
Net Income from Fundraising Events | $31,586 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $9,027,392 |
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 | $1,044,697 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $310,616 |
Payroll taxes | $0 |
Fees for services: Management | $380,736 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,016 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $834,396 |
Advertising and promotion | $49,567 |
Office expenses | $101,163 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $72,218 |
Travel | $130,253 |
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 | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $7,906,320 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,171,984 |
Savings and temporary cash investments | $842,847 |
Pledges and grants receivable | $498,638 |
Accounts receivable, net | $70,801 |
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 | $70,257,892 |
Investments—other securities | $28,509,881 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $130,000 |
Total assets | $101,482,043 |
Accounts payable and accrued expenses | $56,599 |
Grants payable | $0 |
Deferred revenue | $149,769 |
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 | $3,076,355 |
Total liabilities | $3,282,723 |
Net assets without donor restrictions | $0 |
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 | $98,199,320 |
Over the last fiscal year, we have identified 2 grants that Bridgeport Hospital Foundation Inc has recieved totaling $54,201.
Awarding Organization | Amount |
---|---|
Inner-City Foundation For Charity & Education Inc Bridgeport, CT PURPOSE: EDUCATION PROGRAMS | $44,201 |
Paloian Family Foundation Inc Fairfield, CT PURPOSE: GENERAL FUNDS | $10,000 |
Beg. Balance | $26,236,155 |
Earnings | $7,913,951 |
Net Contributions | $9,215 |
Other Expense | $1,021,530 |
Ending Balance | $33,137,791 |
Organization Name | Assets | Revenue |
---|---|---|
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
International Union Operating Engineers Johnston, RI | $24,623,216 | $15,388,250 |
Danbury Hospital & New Milford Hospital Foundation Inc Danbury, CT | $175,854,316 | $24,324,982 |
New York And Presbyterian Hospitals Healthcare System Inc New York, NY | $3,724,021 | $13,051,406 |
Connecticut Childrens Foundation Inc Hartford, CT | $208,742,176 | $23,151,101 |
Umh Jgj Corp Binghamton, NY | $8,297,454 | $12,939,554 |
Kaleida Health Foundation Buffalo, NY | $51,635,674 | $6,911,970 |