Bridgeport Hospital Foundation Inc

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.

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)Compensation
Emil Meshberg
Chair/trustee
$0
Ivy Mckinney
Vice Chairman/trustee
$0
Stephen M Jakab
President/trustee
$0
Jason Mudd
Secretary/trustee
$0
Andrew Barron
Trustee
$0
Anne Diamond
Trustee
$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

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