Bridgeport Public Education Fund Inc

Nonprofit profile at a glance

EIN
061379383
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Bridgeport, CT, USA
Phone
2033310551
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$342,975
Expenses
$357,168
Assets
$561,572
Liabilities
$21,095

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • FAITH VILLEGAS (EXECUTIVE DIRECTOR/SECRETARY)

Highest reported compensation

  • FAITH VILLEGAS (EXECUTIVE DIRECTOR/SECRETARY): $82,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 88
  • Accountability: 95
  • Sustainability: 36
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.5%; rating input score 65
  • Program expense ratio: 62.9%; rating input score 63
  • Fundraising efficiency: $9.63 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 27th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 89.4%; rating input score 89; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -4.1%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 1.57; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 23.1%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -5.6% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -3.1% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: 0% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 65.5% of revenue deployed · 62.9% of spending went to programs
  • Governance: 19 of 19 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $225K in reported program spending
  • Leadership: top reported pay $82K · 20 people listed
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.