Bridgeport Hospital Foundation Inc
- Assets
- $122.2m
- Revenue
- $12.6m
- Investments
- $34.4m
- Employees
- 0
- Location
- Bridgeport, CT
- Founding
- 10/1988
- Data as of
- 09/2023
- EIN
- 22-2908698
Organization Overview
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 09/2023, Bridgeport Hospital Foundation Inc generated $12.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $5.8m during the year ending 09/2023. While expenses have increased by 2.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING FOR BRIDGEPORT HOSPITAL.
Describe the Organization's Program Activity:
SCHEDULE OTHE BRIDGEPORT HOSPITAL FOUNDATION RECEIVED MORE THAN $6.3 MILLION IN PHILANTHROPIC GIFTS IN FY 2023. HIGHLIGHTS INCLUDED: THE NORMA PFRIEM BREAST CENTER'S "PINK PLEDGE" INITIATIVE CONTINUED TO RAISE FUNDS AND AWARENESS FOR BREAST CANCER IN BRIDGEPORT, STRATFORD, TRUMBULL AND MILFORD. DONORS CONTRIBUTED MORE THAN $225,000 (A RECORD) INCLUDING MANY LOCAL BUSINESSES THAT GAVE A PORTION OF THEIR MONTHLY SALES TO THIS GREAT CAUSE. THE KAULBACH MEMORIAL GOLF CLASSIC RETURNED IN SEPTEMBER TO CELEBRATE ITS 41ST ANNIVERSARY. MORE THAN 100 GOLFERS AND SPONSORS CONTRIBUTED MORE THAN $168,000 TO SUPPORT ONCOLOGY NURSE NAVIGATORS AND SOCIAL WORKERS, AS WELL AS AN ONCOLOGY CHAPLAINCY PROGRAM. BRIDGEPORT HOSPITAL'S MILFORD CAMPUS HOSTED A 5K WALK/RUN ON MOTHER'S DAY, ATTRACTING MORE THAN 500 PARTICIPANTS AND RAISING MORE THAN $29,000 TO SUPPORT THE CARE OF ORTHOPEDIC PATIENTS AT MILFORD CAMPUS. THE FOUNDATION EXCEEDED ITS PHASE 1 GOAL FOR "BRINGING TECHNOLOGY TO LIFE," A CAPITAL CAMPAIGN TO HELP BRING LIFESAVING EQUIPMENT AND IMPROVED CLINICAL OUTCOMES FOR STROKE AND CARDIAC PATIENTS. THE FOUNDATION IS SUPPORTING THE HOSPITAL'S $40 MILLION INVESTMENT WITH A $8 MILLION FUNDRAISING EFFORT. DONORS GAVE MORE THAN $3 MILLION IN FY23 TO BRING THE PHASE 1 TOTAL TO MORE THAN $5 MILLION. THIS PHASE WAS HIGHLIGHTED BY A $2 MILLION GIFT FROM THE ELIZABETH M. PFRIEM FOUNDATION TO NAME THE NEW NEUROVASCULAR & INTERVENTIONAL RADIOLOGY CENTER AT BRIDGEPORT HOSPITAL.FOUR THE FOURTH YEAR IN A ROW, THE FOUNDATION EARNED A PLATINUM SEAL OF TRANSPARENCY FROM CANDID (FORMERLY GUIDESTAR). CANDID GATHERS, ORGANIZES, AND DISTRIBUTES INFORMATION ABOUT MORE THAN 1.7 MILLION U.S. NONPROFITS. LAST YEAR, LESS THAN 1% OF THOSE ORGANIZATIONS ACHIEVED PLATINUM STATUS. 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 PATIENTS SERVED BY BRIDGEPORT HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emil Meshberg Chair/trustee | OfficerTrustee | 1 | $0 |
Ivy Mckinney Vice Chairman/trustee | OfficerTrustee | 1 | $0 |
Stephen M Jakab President/trustee | OfficerTrustee | 1 | $0 |
Jason Mudd Secretary/trustee | OfficerTrustee | 1 | $0 |
Andrew Barron Trustee | Trustee | 1 | $0 |
Anne Diamond Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $406,444 |
| Related organizations | $6,060 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,082,158 |
| Noncash contributions included in lines 1a–1f | $515,968 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,494,662 |
| Total Program Service Revenue | $0 |
| Investment income | $2,260,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,846,953 |
| Net Income from Fundraising Events | -$18,134 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,562,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,673,733 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $888,173 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $273,087 |
| Payroll taxes | $0 |
| Fees for services: Management | $380,736 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $456,569 |
| Advertising and promotion | $43,348 |
| Office expenses | $27,688 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,370 |
| Travel | $16,866 |
| 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 | $8,603 |
| Total functional expenses | $5,832,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,654 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,359,669 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $83,844,584 |
| Investments—other securities | $34,358,853 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $238,086 |
| Total assets | $122,194,846 |
| Accounts payable and accrued expenses | $26,678 |
| 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 | $1,456,507 |
| Total liabilities | $1,483,185 |
| Net assets without donor restrictions | $67,922,503 |
| Net assets with donor restrictions | $52,789,158 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $122,194,846 |