Metropolitan Bridgeport Inc
Only 9% goes to programs Thin reserves Declining revenue
Metropolitan Bridgeport Inc is a 501(c)(3) organization based in Bridgeport, Connecticut, registered in 1947, with $7,027 in FY2023 revenue. CharityIndex grades it D, and it directs about 9% of spending to programs.
126 Park Ave, Bridgeport, CT, 06604 EIN 06-0646936 Since 1947
Revenue (FY2023)
$7,027
▼ 97.7% vs prior year
Education median: $200K
Expenses (FY2023)
$530K
Net assets
-$545K
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
FProgram efficiency40% of the rating9% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Metropolitan Bridgeport Inc: 9% to programs earns a F on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -7436% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Metropolitan Bridgeport Inc: 0 mo reserves · -7436% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Metropolitan Bridgeport Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Metropolitan Bridgeport Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Metropolitan bridgeport inc. ceased providing educational services. (see schedule o)prior to the sale of its assets, metropolitan bridgeport inc (fka university of bridgeport) (the university) offered career oriented undergraduate, graduate, and professional degrees and programs for people seeking personal and professional growth. the university promoted academic excellence, personal responsibility, and commitment to service. distinctive curricula in an international, culturally diverse, supportive learning environment prepared graduates for life and leadership in an increasingly interconnected world. the university is independent and non-sectarian.
Contact & location
- Address
- 126 Park Ave, Bridgeport, CT, 06604
- City
- Bridgeport
- State
- Connecticut
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $120.4M (FY2013) to $7,027 (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $6.1MNet assets -$545K
Operating margin
-7436.0%
Spent more than it raised in the latest fiscal year.
Total assets
$5.6M
Total liabilities
$6.1M
Net assets
-$545K
Salaries & benefits
$103K
19% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $7,027▼97.7% | $529,558▼59.9% | -$545,237▼129% | $5,589,892▼33.7% | 990 |
| 2022 | $311,904▲860% | $1,321,845▼62.0% | $1,879,522▼77.2% | $8,427,595▼59.2% | 990 |
| 2021 | $32,488▼100.0% | $3,474,717▼96.9% | $8,257,921▼29.5% | $20,644,610▲2.9% | 990 |
| 2020 | $72,089,429▼52.1% | $113,067,608▼21.3% | $11,709,820▼78.2% | $20,054,374▼84.4% | 990 |
| 2019 | $150,399,148▲8.5% | $143,642,986▼2.3% | $53,798,236▲10.7% | $128,448,654▼6.5% | 990 |
| 2018 | $138,679,021▼5.9% | $147,066,078▼4.4% | $48,607,311▼15.3% | $137,344,288▼6.2% | 990 |
| 2017 | $147,323,534▲0.3% | $153,784,818▲2.6% | $57,371,654▼13.1% | $146,473,153▼4.7% | 990 |
| 2016 | $146,832,309▲4.8% | $149,930,664▲8.5% | $66,036,495▲4.4% | $153,728,748▼1.1% | 990 |
| 2015 | $140,129,558▲5.2% | $138,161,097▲6.9% | $63,269,993▼2.9% | $155,483,497▲4.1% | 990 |
| 2014 | $133,220,121▲10.7% | $129,185,360▲9.7% | $65,141,875▲3.6% | $149,428,028▲25.4% | 990 |
| 2013 | $120,354,607 | $117,758,165▲8.4% | $62,907,797▲11.5% | $119,141,773▲3.5% | 990 |
| 2012 | — | $108,585,319▲9.1% | $56,436,435▲9.9% | $115,118,455▲14.9% | 990 |
| 2011 | — | $99,550,557▲3.6% | $51,333,593▲2.2% | $100,155,019▲2.1% | 990 |
| 2010 | — | $96,080,616▲5.4% | $50,232,585▲8.2% | $98,088,689▲13.6% | 990 |
| 2009 | — | $91,160,896 | $46,412,164 | $86,330,449 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Joahannes Van Der Giessen — $109,989 (20.77% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joahannes Van Der Giessen | President | 35 | $109,989 |
| Bruce T Silverstone | Trustee | 1 | — |
| David D'addario | Trustee | 1 | — |
| Kevin C Leahy | Trustee | 1 | — |
| Michael Kolakowski | Trustee | 1 | — |
| Robert Berchman | Trustee | 1 | — |
| Sean M Carroll | Trustee | 1 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| The University of Bridgeport Inc | Accounting, Mgmt, Payroll & Facilities | $848,000 |
Grants received · $506K total
36 grants to Metropolitan Bridgeport Inc totaling $506K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $15,340 |
| American Online Giving Foundation Inc | General support | 2024 | $6,212 |
| Community Foundation For Greater New Haven | Scholarship/rai, yashveen k | 2024 | $5,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $50,000 |
| American Endowment Foundation | Educational | 2023 | $13,750 |
| National Collegiate Athletic Association | Grants | 2023 | $13,510 |
| American Online Giving Foundation Inc | General support | 2023 | $7,392 |
| National Collegiate Athletic Association | Grants | 2022 | $14,660 |
| American Endowment Foundation | Educational | 2022 | $7,500 |
| American Endowment Foundation | Educational | 2021 | $25,000 |
| National Collegiate Athletic Association | Scholarships/grants | 2021 | $16,432 |
| Donor Advised Charitable Giving | Education | 2021 | $7,600 |
| Columbus Foundation | Education | 2020 | $7,500 |
| National Collegiate Athletic Association | Scholarships/grants | 2020 | $6,116 |
| Donor Advised Charitable Giving | Education | 2020 | $6,000 |
Grants made · $5,000 in FY2014
1 grant totaling $5,000 in FY2014. All grants made by Metropolitan Bridgeport Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| The Bridgeport Regional Business Co Uncil Inc | Donation towards eco-park program | $5,000 |
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Frequently asked questions
- Is Metropolitan Bridgeport Inc a legitimate nonprofit?
- Yes. Metropolitan Bridgeport Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-0646936, based in Bridgeport, Connecticut. Donations are tax-deductible.
- What is Metropolitan Bridgeport Inc's EIN?
- Metropolitan Bridgeport Inc's Employer Identification Number (EIN) is 06-0646936.
- How much revenue does Metropolitan Bridgeport Inc report?
- Metropolitan Bridgeport Inc reported $7,027 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Metropolitan Bridgeport Inc's spending goes to programs?
- Metropolitan Bridgeport Inc spends about 9% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Metropolitan Bridgeport Inc have?
- CharityIndex grades Metropolitan Bridgeport Inc D, based on program efficiency and fundraising cost.
- How much does Metropolitan Bridgeport Inc's highest-paid employee make?
- The highest reported compensation on Metropolitan Bridgeport Inc's latest Form 990 is $109,989, paid to Joahannes Van Der Giessen (President).
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Data for Metropolitan Bridgeport Inc (EIN 06-0646936) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.