2024-05-15T14:50:27-05:00 2023-06-30 111986323 MARCUM LLP 555 LONG WHARF DRIVE NEW HAVEN CT 06511 990 2022-07-01 060646936 METROPOLITAN BRIDGEPORT INC METR 2035764690 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 JOHANNES VAN DER GIESSEN PRESIDENT 2035764690 2024-05-13 1 JOHANNES VAN DER GIESSEN 999009999 1 MARY ANTONETTI P00431862 2037819600 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHANNES VAN DER GIESSEN 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 311904 0 X N/A X 1927 CT 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. X 6 6 0 6 0 0 5 18 16190 0 6944 276599 9349 35287 32488 311904 0 0 0 0 686898 193894 0 0 0 2787819 1127951 3474717 1321845 -3442229 -1009941 20644610 8427595 12386689 6548073 8257921 1879522 X 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. 0 0 32086 ON MAY 21, 2021, THE UNIVERSITY OF BRIDGEPORT SOLD SUBSTANTIALLY ALL OF ITS ASSETS TO GOODWIN UNIVERSITY INC. (GOODWIN), A CONNECTICUT NONSTOCK CORPORATION, THE NEW UNIVERSITY OF BRIDGEPORT, INC. (NEW UB), A CONNECTICUT NONSTOCK CORPORATION AND SUBSIDIARY OF GOODWIN UNIVERSITY, AND SOUND EDUCATION, LLC, (PAIER COLLEGE) A CONNECTICUT LIMITED LIABILITY COMPANY FORMED BY PAIER COLLEGE. (SEE SCHEDULE O)IN ORDER TO AVOID THE CONFUSION THAT THE NEW UNIVERSITY OF BRIDGEPORT AND THE UNIVERSITY OF BRIDGEPORT MIGHT CAUSE, AND TO EMPHASIZE THAT THE NEW UNIVERSITY OF BRIDGEPORT WOULD CONTINUE TO OFFER MOST OF THE PROGRAMS THAT THE UNIVERSITY OF BRIDGEPORT HAD OFFERED, THE UNIVERSITY OF BRIDGEPORT CHANGED ITS NAME TO METROPOLITAN BRIDGEPORT INC. ON JUNE 28, 2021.THE ONGOING MISSION OF METROPOLITAN BRIDGEPORT INC. CONSISTS OF THE CONDUCT OF WIND DOWN OPERATIONS THAT ARE THE RESPONSIBILITY OF OLD UB WHICH WERE NOT ASSUMED BY GOODWIN, INCLUSIVE OF PHASING OUT CERTAIN RETIREMENT PLANS, SETTLING CERTAIN LIABILITIES, PROCESSING AND PAYING UNEMPLOYMENT BENEFITS INCURRED BY EMPLOYEES OF OLD UB, ENSURING COMPLIANCE WITH CERTAIN TAX FILINGS, PHASING OUT OF REMAINING PERKINS LOANS, TRANSFERRING CONTRACTS THAT GOODWIN WILL MAINTAIN, AND TRANSFERRING NET ASSETS WITH DONOR RESTRICTIONS TO GOODWIN.PRIOR TO THE SALE, THE ORGANIZATION WAS AN INDEPENDENT AND NONSECTARIAN INTERNATIONAL ACADEMIC INSTITUTION. 32086 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X MALHAR SHARMA 2035764690 126 PARK AVE WALHSTROM LIBRARY BRIDGEPORT CT 066012449 ROBERT BERCHMAN TRUSTEE 1.00 X 0 0 0 DAVID D'ADDARIO TRUSTEE 1.00 X 0 0 0 BRUCE T SILVERSTONE TRUSTEE 1.00 X 0 0 0 KEVIN C LEAHY TRUSTEE 1.00 X 0 0 0 MICHAEL KOLAKOWSKI TRUSTEE 1.00 X 0 0 0 SEAN M CARROLL TRUSTEE 1.00 X 0 0 0 JOAHANNES VAN DER GIESSEN PRESIDENT 35.00 X 119988 0 0 119988 0 0 1 0 0 0 THE UNIVERSITY OF BRIDGEPORT INC 126 PARK AVE BRIDGEPORT CT 06604 ACCOUNTING, MGMT, PAYROLL & FACILITIES 848000 1 18 18 276599 276599 6919 6919 OTHER INCOME 900099 28368 28368 28368 311904 0 0 311886 129167 129167 18 18 64709 64709 848000 848000 101349 101349 9193 9193 3707 3707 47728 47728 7405 7405 3561 3561 COLLECTION COSTS 31940 31940 UBI 1534 1534 73534 146 73388 1321845 32086 1289759 0 17650935 5136563 302829 609736 2649954 2630405 40892 50891 20644610 8427595 9508241 3878776 2863448 2654297 15000 15000 12386689 6548073 X 2143438 934210 6114483 945312 8257921 1879522 20644610 8427595 X -1009941 -5368458 X X 0 0 0 X 9625647 273690 6812734 3086603 9619228 7580 1161 9625647 19387016 677873 101963 10535834 11790 9619228 25284584 1143468 876859 7822851 95044 19387016 33949600 70000 2127240 10740055 122201 25284584 0.64379 0.00000 0.35621 0 0 0 DEFERRED LIABILITIES 15000 15000 PART V, LINE 4: ENDOWMENT FUND REVENUE IS USED FOR GENERAL OPERATING SUPPORT UNLESS IT IS RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE FOLLOWING POLICY APPEARED ON THE WEBSITE FOR METROPOLITAN BRIDGEPORT INC. (FKA UNIVERSITY OF BRIDGEPORT), ADMISSION APPLICATIONS AND CATALOG PRIOR TO THE MERGER. THE UNIVERSITY OF BRIDGEPORT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, AGE, SEX, GENDER, SEXUAL ORIENTATION, DISABILITY, MARITAL STATUS, GENETIC INFORMATION, VETERAN STATUS OR GENDER IDENTITY AND GENDER EXPRESSION. RESTRICTED FUNDS RELEASED BY AG'S OFFICE DISTRIBUTED TO NEW UNIVERSITY OF BRIDGEPORT AS A RESULT OF MAY 2021 SALE. 2023-06-30 5368458 FMV 861274088 THE UNIVERSITY OF BRIDGEPORT INC 126 PARK AVENUE BRIDGEPORT CT 06604 501(C)(3) 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COMPLETED COPY OF FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES COMPLETE THE DISCLOSURE WHICH IS REVIEWED BY TRUSTEES OR A COMMITTEE THEREOF, AND WHO DECIDE WHETHER A CONFLICT EXISTS AND IF SO WHAT ACTION SHOULD BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 PRIOR TO THE SALE, THE CFO COLLECTED COMPARABLE COMPENSATION DATA RELATING TO NON-PROFIT UNIVERSITIES IN SIMILAR NON-PROFIT UNIVERSITIES. THE BOARD OF TRUSTEES COMPENSATION COMMITTEE USED THE DATA TO DETERMINE THE COMPENSATION FOR THE CEO AND PRINCIPAL UNIVERSITY OFFICERS. MINUTES OF THE COMMITTEE ACTIVITIES WERE MAINTAINED. THE CEO AND PRINCIPAL UNIVERSITY OFFICERS DETERMINED THE COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES. THE ONLY COMPENSATION REPORTED ON THIS YEAR FOR OFFICERS RELATED TO CALENDAR YEAR 2021 COMPENSATION PAID PRIOR TO THE MERGER IN 2021. THERE WAS NO COMPENSATION FOR THE CURRENT FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES AVAILABLE ITS FORM 990 UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS FOR PUBLIC INSPECTION UPON REQUEST, AT ITS ADMINISTRATIVE OFFICES IN BRIDGEPORT, CONNECTICUT. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER -5,368,458. FORM 990, PART XI, LINE 2C: USED SAME PROCESS AS PRIOR YEAR.