The Bridgeport Regional Business Co Uncil Inc

Organization Overview

The Bridgeport Regional Business Co Uncil Inc is located in Bridgeport, CT. The organization was established in 1974. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Bridgeport Regional Business Co Uncil Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgeport Regional Business Co Uncil Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2020, Bridgeport Regional Business Co Uncil Inc generated $651.5k 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 (9.8%) each year. All expenses for the organization totaled $645.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO INCREASE OPPORTUNITIES FOR THE PEOPLE OF THE BRIDGEPORT REGION BY ACTING TO CREATE AN ENVIRONMENT FOR BUSINESS EXPANSION, RETENTION AND RECRUITMENT THAT WILL RESULT IN JOBS AND TAX BASE GROWTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBERSHIP - VARIOUS SERVICES AND PROGRAMS TO DIRECTLY BENEFIT THE MEMBER COMPANIES OF THE REGIONAL CHAMBER OF COMMERCE


ECONOMIC DEVELOPMENT PROGRAMS AND PROJECTS DESIGNED TO INCREASE JOB AND TAX BASE IN THE REGION, WORK WITH CONSULTANTS AND TASKFORCES TO CONDUCT RESEARCH AND PROMOTION OF EXPANSION AND GROWTH.


AFFILIATES - TO PROVIDE PROGRAM SERVICES AND ADMINISTRATIVE SUPPORT FOR THE BRIDGEPORT, TRUMBULL AND STRATFORD CHAMBERS OF COMMERCE AND THE WOMENS LEADERSHIP PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Dan Onofrio
President And CEO
$150,989
Bob Abbate
Vice Chair
$0
Eric Hendlin
Secretary/treasurer
$0
Mickey Herbert
Past Chairman
$0
Kate Hampford Donahue
Immediate Past Chairman
$0
Armando Goncalves
Past Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$448,364
Fundraising events$0
Related organizations$0
Government grants $8,000
All other contributions, gifts, grants, and similar amounts not included above$50,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$506,364
Total Program Service Revenue$139,113
Investment income $14
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 $651,527

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Bridgeport Regional Business Co Uncil Inc has recieved totaling $7,250.

Awarding OrganizationAmount
Yale New Haven Health Services Corporation

New Haven, CT

PURPOSE: SUPPORT MISSION

$7,250
View Grant Recipient Profile

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