Groundwork Bridgeport INC EIN 06-1556949 Form 990 (PDF) Claim this org

Groundwork Bridgeport INC

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Improves the environment and community well-being by empowering people and businesses. For fiscal year 2024 it reported $378K in revenue, $573K in expenses, and $107K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Bridgeport, CT
Website
groundworkbridgeport.org
Filings
5 on file (2020–2024)
Revenue
$378KFY2024
Expenses
$573K
Net assets
$107K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  06-1556949 Public charity (501(c)(3)) Bridgeport, CT
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves the environment and community well-being by empowering people and businesses.
Leadership
Christina B Smith · President and CEO · $140K
Money in and out
$378K revenue, $573K expenses
Bottom line
86% program efficiency
Where the money goes · FY2024
Total revenue
$378K
Pt VIII · Ln 12
Total expenses
$573K
Pt IX · Ln 25
Net assets
$107K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$195K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.13 Fundraising $0.01
Program efficiency
86%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate▼ -53% vs prior filing year
Surplus margin
-52%
revenue over expenses, this year▼ -1248% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$378K
FY2024▼ -27%
Expenses
$573K
FY2024▲ +6%
Total assets
$173K
FY2024▼ -46%
Total liabilities
$66K
FY2024▲ +208%
Total revenue
$378K
Pt VIII · Ln 12
Total expenses
$573K
Pt IX · Ln 25
Net assets
$107K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$195K
Total assetsPt X · Ln 16$173K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $86K of program spending, described in the organization's own filed words · FY2024.
01

Urban fellows is our service-learning program for bridgeport, CT youth aged 14 to 18 years old. The program combines classroom instruction and community service projects over the course of eight (8) weeks.

$38Kprogram expense
02

Land Revitalization

The program addresses the urban heat island effect, the phenomenon of intense heat in urban areas caused by a high density of impervious surfaces and a lack of tree canopy. The program also directly addresses the reduction of biodiversity and damage to local ecosystems caused by climate change, and spurs action to reduce flooding brought…

$32Kprogram expense
03

General programs include community service programs and projects such as the tree programs. These programs enhance the management of the physical environment by engaing local communities in the efforts of promoting environmental well-being.

$16Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGroundwork Bridgeport INC
EINHdr · item D06-1556949
Principal addressHdr · item CBridgeport, CT
WebsiteHdr · item Jgroundworkbridgeport.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFMay 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and CEO
$140,000Pt VII · Sec A
Secretary Until 02/2024 Board Member as of 03/2024
$0Pt VII · Sec A
Board Member Until 02/2024
$0Pt VII · Sec A
Chair as of 02/2024
$0Pt VII · Sec A
Vice Chair as of 02/2024
$0Pt VII · Sec A
Treasurer as of 10/2024
$0Pt VII · Sec A
Treasurer Until 06/2024 Board Member as of 06/2024
$0Pt VII · Sec A
Treasurer from 06/2024 to 10/2024
$0Pt VII · Sec A

Christina B Smith’s $140K as President and CEO is at the 89th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Christina B Smith$140,000$149,616$120,900$120,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$375K · 99%
Other revenue$3K · 1%
Contributions & grants99%$375K
Other revenue1%$3K
— government grantsLn 1e$101K
Total revenueLn 12$378K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.13 Fundraising $0.01
Program services86%$492K
Management & general13%$75K
Fundraising1%$6K
Total functional expensesLn 25$573K

Balance Sheet

Part X · end of year
CashLn 1$80K
Total assetsLn 16$173K
Total liabilitiesLn 26$66K
Total net assetsLn 32$107K
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $80K · Operating expenses/yr $573K
1.7 months
Where the money goes
Program services
Program services $492K · Total expenses $573K
86%
Management & General
Management & general $75K · Total expenses $573K
13%
Fundraising
Fundraising $6K · Total expenses $573K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $23K · Solicited contributions (3-yr avg) $389K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $375K · Total revenue $378K
99%
Government reliance
Government grants $101K · Total revenue $378K
27%
Earned-income share
Program service revenue $0 · Total revenue $378K
0%
Investment reliance
Investment income $0 · Total revenue $378K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $573K
0%
Growth & trend
Revenue growth (YoY)
This year $378K · Prior year $520K
-27%
Revenue CAGR
FY2020 $135K · FY2024 $378K
+29%
Net-asset trend (YoY)
End of year $107K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $378K · Expenses $573K
-52%
Liabilities-to-Assets
Total liabilities — · Total assets $173K
Net-asset ratio
Net assets $107K · Total assets $173K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $173K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christina B Smith · Reported title PRESIDENT AND CEO · Highest reported compensation $140K · Total expenses $573K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $396K · Total expenses $573K
69%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 13%
Fundraising cost ratio 2%
Revenue growth -27%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 3 grants · $105K · 2022–2024
Unitemized GrantFY2024$42,057
Unitemized GrantFY2023$34,954
Unitemized GrantFY2022$27,653

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$378K revenue · viewing · ⤓ 990 PDF
FY2023$520K revenue · ⤓ 990 PDF
FY2022$495K revenue · ⤓ 990 PDF
FY2021$428K revenue · ⤓ 990 PDF
FY2020$135K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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