Bridgeport Public Education Fund Inc
- Assets
- $619.6k
- Revenue
- $387.2k
- Investments
- $0.0
- Employees
- 28
- Location
- Bridgeport, CT
- Founding
- 07/1994
- Data as of
- 12/2021
- EIN
- 06-1379383
Organization Overview
Bridgeport Public Education Fund Inc is located in Bridgeport, CT. The organization was established in 1994. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Bridgeport Public Education Fund Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgeport Public Education Fund 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 12/2021, Bridgeport Public Education Fund Inc generated $387.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $256.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE INVOLVEMENT OF THE GREATER BRIDGEPORT COMMUNITY IN THE BRIDGEPORT PUBLIC SCHOOL SYSTEM; TO ORGANIZE AND SOLICIT FINANCIAL AND OTHER SUPPORT FOR THE BRIDGEPORT PUBLIC SCHOOL SYSTEM; TO ACT AS A CATALYST FOR THE DEVELOPMENT OF NEW PROGRAMS AND NEW APPROACHES TO TEACHING AND LEARNING FOR THE BRIDGEPORT PUBLIC SCHOOL SYSTEM; TO ENCOURAGE BRIDGEPORT EDUCATORS TO BE CREATIVE, INNOVATIVE, AND EFFECTIVE, AND TO RECOGNIZE THEM FOR SUCH ACHIEVEMENTS; TO STRENGTHEN PARENTAL INVOLVEMENT IN THEIR CHILDREN'S EDUCATIONAL PROCESS; TO STRENGTHEN COMMUNICATION BETWEEN EDUCATIONAL, CIVIC, AND BUSINESS CONSTITUENCIES AND TO INCREASE PUBLIC AWARENESS OF EXCELLENCE WITHIN THE BRIDGEPORT PUBLIC SCHOOL SYSTEM AS WELL AS THE CHALLENGES FACED BY URBAN EDUCATION AND THEIR PLACE IN THE GREATER BRIDGEPORT COMMUNITY; TO BRING INFORMATION TO THE GREATER BRIDGEPORT COMMUNITY REGARDING CURRENT EDUCATIONAL THOUGHT IN THE UNITED STATES AND TO PROMOTE CHANGE IN THE BRIDGEPORT SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENRICHMENT PROGRAMS- FIRST DAY - A READING ENRICHMENT PROGRAM THAT ENCOURAGES READING SKILLS BY GIVING EACH FIRST GRADE STUDENT A NEW BOOK ON THE FIRST DAY OF SCHOOL, AND INTRODUCES HUNDREDS OF VOLUNTEERS TO BRIDGEPORT CLASSROOMS. ALL FIRST GRADE STUDENTS IN THE BRIDGEPORT PUBLIC SCHOOLS, NEW BEGINNINGS CHARTER SCHOOL, THE 2 REGIONAL MAGNET SCHOOLS PARTICIPATE IN FIRST DAY. COMMUNITY ENGAGEMENT: EDUCATION FORUMS TO BRING INFORMATION TO OUR COMMUNITY AND FACILITATE COMMUNITY CONVERSATIONS TO ENABLE OUR COMMUNITY TO DISCUSS ISSUES, DEVELOP SOLUTIONS, AND IMPLEMENT THEIR IDEAS. INSPIRATION EVENT: AN ANNUAL EVENT TO RECOGNIZE AND REWARD EXCELLENT EDUCATORS IN THE BRIDGEPORT PUBLIC SCHOOLS.
MENTORING FOR ACADEMIC ACHIEVEMENT AND COLLEGE SUCCESS- IS A COLLEGE ACCESS PROGRAM THAT PAIRS HIGH SCHOOL STUDENTS WITH COLLEGE STUDENT MENTORS. THE UNIVERSITY OF BRIDGEPORT, AND SACRED HEART UNIVERSITY. STUDENTS WHO ARE IN MAACS FOR AT LEAST TWO YEARS AND ATTEND THE COLLEGE READINESS WORKSHOP IN THEIR SENIOR YEAR ARE THEN ENROLLED IN THE COLLEGE ASSISTANCE PROGRAM (CAP) WHICH WILL GIVE THEM SUPPORT: FINANCIAL, ACADEMIC,AND EMOTIONAL, ALL THROUGH COLLEGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faith Villegas Executive Director/secretary | Officer | 40 | $66,220 |
Mike Giarratano Treasurer | Officer | 1 | $0 |
Jonathan Orleans Chairman | Officer | 1 | $0 |
Eileen Lopez-Cordone Vice Chairman | Officer | 1 | $0 |
Rina Bakalar Director | Trustee | 1 | $0 |
Barbara Bellinger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,710 |
| Related organizations | $0 |
| Government grants | $55,652 |
| All other contributions, gifts, grants, and similar amounts not included above | $324,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,972 |
| Total Program Service Revenue | $0 |
| Investment income | $258 |
| 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 | $387,230 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,220 |
| Compensation of current officers, directors, key employees. | $29,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,958 |
| Payroll taxes | $12,007 |
| Fees for services: Management | $0 |
| 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 | $33,600 |
| Advertising and promotion | $407 |
| Office expenses | $6,109 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $372 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331 |
| Insurance | $978 |
| All other expenses | $998 |
| Total functional expenses | $256,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,692 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $48,245 |
| 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 | $1,006 |
| Net Land, buildings, and equipment | $3,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,065 |
| Total assets | $619,643 |
| Accounts payable and accrued expenses | $11,271 |
| 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 | $8,286 |
| Total liabilities | $19,557 |
| Net assets without donor restrictions | $368,002 |
| Net assets with donor restrictions | $232,084 |
| 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 | $619,643 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bridgeport Public Education Fund Inc has recieved totaling $23,626.
| Awarding Organization | Amount |
|---|---|
Inner-City Foundation For Charity & Education Inc Bridgeport, CT PURPOSE: EDUCATION PROGRAMS | $23,626 |
Endowment Analysis
| Beg. Balance | $87,170 |
| Earnings | $12,654 |
| Grants | $3,645 |
| Ending Balance | $96,179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rhode Island Community Foundation Providence, RI | $1,346,682,058 | $194,702,159 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |