Public Charity

BRIDGEPORT ECONOMIC DEVELOPMENT CORP

BRIDGEPORT ECONOMIC DEVELOPMENT CORP, of BRIDGEPORT, CT, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $1.2M in revenue, $1.4M in expenses, $1.6M in total assets. 1 publicly reported grants to this organization, totaling roughly $18K, appear in IRS filings.

EIN: 237374878 BRIDGEPORT, CT Latest filing: 2024
Total Revenue$1.2M
Total Expenses$1.4M
Total Assets$1.6M
Grant Records1
Funding Total$18K
Filing Years2019–2024

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.

Officers & Directors

BOARD MEMBER Albert Carbone
BOARD MEMBER Andre Baker
BOARD MEMBER Carolyn Gonzalez
BOARD MEMBER Charles Scott
BOARD CHAIR David Levine
PRESIDENT AND SECRETARY Edward Lavernoich

Officer compensation and complete director data available with membership.

Top Grant Purposes

FOR GENERAL SUPPORT
$17,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.2M $1.4M $1.6M
2023 $247K $760K $1.5M
2022 $348K $484K $1.9M
2020 $106K $183K $144K
2019 $207K $178K $210K

Between 2019 and 2024, reported annual revenue grew from $207K to $1.2M (+459%), with total assets most recently reported at $1.6M.

Interactive year-over-year charts and full filing details available with membership.

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