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Connecticut · Nonprofit

BRIDGEPORT ECONOMIC DEVELOPMENT CORP

BRIDGEPORT ECONOMIC DEVELOPMENT CORP (Connecticut) receives grants from 1 organization whose IRS filings report $17,500 to it, the largest being FAIRFIELD COUNTY'S COMMUNITY FOUNDATION INC ($17,500). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$1.2M
Funders on record
1
Grants received
$18k
Net assets
$1.1M
0/1 repeat funders
01What it does

What Bridgeport Economic Development Corp does

Mission

Is a community based organization that develops and manages programs and projects that foster business development, community reinvestment, and neighborhood revitalization. Bedco works collaboratively to serve the business community, neighborhood organizations, and the public sector for the benefit of the bridgeport economic region. The majority of bedco revenues result from the administration of bridgeport area industrial and commercial development projects and related economic development studies. The major services bedco provides are site acquisition, site assembly, remediation of environmentally contaminated property, and infrastructure development, and other activities associated with removing impediments to new private investment.

As stated on its FY2024 Form 990.

Programs

  1. Community environmental benefit agreement for fiscal management of the community environmental benefit fund which was established with funding from pseg.

    $229,561 spent$36,445 earned by the program
    17% of program spending

  2. Cultural grant - to reimburse and fund expenditures made in hispanic cultural events in ten cities across connecticut.

    $178,650 spent$170,884 earned by the program
    13% of program spending

  3. Bostwick phase iv - program to pass funds through to bostwick partners, llc to be used in accordance with the department of energy and environmental protection urban sites remedial action program for the abatement, remediation and association stabalization of historical structures.

    $725,010 spent$732,567 earned by the program
    54% of program spending

  4. West end park project - project management agreement with the city of bridgeport, connecticut to provide assistance to the west end industrial park project.

    $1,679 spent
    0% of program spending

  5. Bees & blossoms

    $2,350 spent
    0% of program spending

  6. East side day 2024

    $2,320 spent
    0% of program spending

  7. Seaview industrial park a project to continue the development of the industrial park and the surrounding seaview avenue area.

    $3,359 spent
    0% of program spending

  8. Bridgeport brass redevelopment planning project intends to create a comprehensive implementation to remediate and redevelop the 22-acre brass project area, in a collaberative effort between bedco, the city of bridgeport, and the connecticut metropolitan of governors.

    $1,679 spent$5,000 earned by the program
    0% of program spending

  9. Cherry phase iii

    $2,519 spent
    0% of program spending

  10. Citywide place-making initiative

    $173,512 spent$160,077 earned by the program
    13% of program spending

  11. Other prospective projects

    $30,935 spent
    2% of program spending

The 11 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,351,574.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($141k) Expenses 100 ($78k) Net assets 100 ($500k)2018 Revenue 167 ($235k) Expenses 154 ($120k) Net assets 123 ($615k)2019 Revenue 147 ($207k) Expenses 228 ($178k) Net assets 39 ($193k)2020 Revenue 75 ($106k) Expenses 234 ($183k) Net assets 23 ($116k)2021 Revenue 1486 ($2.1M) Expenses 242 ($189k) Net assets 404 ($2.0M)2022 Revenue 247 ($348k) Expenses 620 ($484k) Net assets 377 ($1.9M)2023 Revenue 175 ($247k) Expenses 973 ($760k) Net assets 274 ($1.4M)2024 Revenue 823 ($1.2M) Expenses 1778 ($1.4M) Net assets 228 ($1.1M)
'17'18'19'20'21'22'23'24
Revenue (823)Expenses (1778)Net assets (228)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $144k to $2.0M (+1314%).

$547k
$673k
$210k
$144k
$2.0M
$1.9M
$1.5M
$1.6M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 100% · 2018 21% · 2019 22% · 2020 87% · 2021 2% · 2022 30% · 2023 79% · 2024 94%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.

$63k
’17
$115k
’18
$29k
’19
−$77k
’20
$1.9M
’21
−$136k
’22
−$513k
’23
−$230k
’24
13
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

David Levine

Board chair

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed1013131313121211
Joined·+4+2+3+0+1+0+0
No longer listed·1230201
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'24*
total
funders
1

1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of BRIDGEPORT ECONOMIC DEVELOPMENT CORP’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of BRIDGEPORT ECONOMIC DEVELOPMENT CORP's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.

Funder states come from each funder’s own filing. $18k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Government funding BRIDGEPORT ECONOMIC DEVELOPMENT CORP receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.1M on record.

State$2.1M
19
20
21
22
23
24
25
26
Top programs
  • Trnsfr Grant Expend-St Agency$889k
  • State Aid Grants$600k
  • ARPA Beneficiary Award$350k
  • Pass thru Grant Non-State$162k
  • Management Consultant Services$100k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like BRIDGEPORT ECONOMIC DEVELOPMENT CORP

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Connecticut

The Bridgeport Regional Business Foundation Inc83%Bridgeport Regional Business Council79%Groundwork Bridgeport Inc78%Bridgeport Neighborhood Trust78%Greater Bridgeport Community Enter77%Bridgeport Public Education Fund Inc77%Brm Support Corporation76%Hedco Inc76%

Nationally

The Bridgeport Regional Business Foundation Inc83%Bessemer Redevelopment Corp79%Bridgeport Regional Business Council79%Bridge Economic Development Corporation79%Bridge Investment Community Development79%Beaufort County Economic Development Cor79%Groundwork Bridgeport Inc78%New Bedford Economic Development Council Inc78%
05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

97% of spending goes to programs.

Program 97%Management 3%Fundraising 0%

Governance

11
board members
91%
independent
–Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

96%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 1 related entity

  • Bridgeport Regional Business Council · exempt

Screen this organization

A dated, signed PDF of the compliance screen for BRIDGEPORT ECONOMIC DEVELOPMENT CORP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds BRIDGEPORT ECONOMIC DEVELOPMENT CORP?
BRIDGEPORT ECONOMIC DEVELOPMENT CORP (Connecticut) receives grants from 1 organization whose IRS filings report $17,500 to it, the largest being FAIRFIELD COUNTY'S COMMUNITY FOUNDATION INC ($17,500). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does BRIDGEPORT ECONOMIC DEVELOPMENT CORP have?
IRS filings report 1 organization giving $17,500 in grants to BRIDGEPORT ECONOMIC DEVELOPMENT CORP.
Who is the largest funder of BRIDGEPORT ECONOMIC DEVELOPMENT CORP?
FAIRFIELD COUNTY'S COMMUNITY FOUNDATION INC is the largest funder on record, with $17,500 in grants. The full list of funders is on this page.
How can an organization like BRIDGEPORT ECONOMIC DEVELOPMENT CORP find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing