Civic Intelligence

The Connecticut Economic Resource Center Inc

990 • Fiscal year 2019 • EIN 06-1369657

Jan 01, 2019 to Dec 31, 2019

Organization ProfileADVANCECT.ORG
New Haven, CT
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.71x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.41x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

25th percentile

-2.2%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

96th percentile

67%

Faster asset growth than 96% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

6.3%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$2,017,681

Up $810,435 (+67%) from 2018

Net Assets

Down

$586,351

Down $76,308 (-12%) from 2018

Liabilities

Up

$1,431,330

Up $886,743 (+163%) from 2018

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin25th percentile

Revenue

Up

$3,529,984

Up $208,224 (+6.3%) from 2018

Expenses

Up

$3,606,292

Up $313,865 (+9.5%) from 2018

Net Income

Down

-$76,308

Down $105,641 (-360%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $1,235,037Liabilities 2010: $523,272Net Assets 2010: $711,7652010Assets 2011: $1,255,639Liabilities 2011: $535,291Net Assets 2011: $720,3482011Assets 2012: $1,447,836Liabilities 2012: $724,431Net Assets 2012: $723,4052012Assets 2013: $1,500,061Liabilities 2013: $841,989Net Assets 2013: $658,0722013Assets 2014: $1,505,366Liabilities 2014: $817,423Net Assets 2014: $687,9432014Assets 2015: $1,798,509Liabilities 2015: $1,037,783Net Assets 2015: $760,7262015Assets 2016: $1,627,123Liabilities 2016: $885,520Net Assets 2016: $741,6032016Assets 2017: $1,545,999Liabilities 2017: $918,973Net Assets 2017: $627,0262017Assets 2018: $1,207,246Liabilities 2018: $544,587Net Assets 2018: $662,6592018Assets 2019: $2,017,681Liabilities 2019: $1,431,330Net Assets 2019: $586,3512019Assets 2020: $2,511,393Liabilities 2020: $1,618,142Net Assets 2020: $893,2512020Assets 2021: $3,997,158Liabilities 2021: $2,179,529Net Assets 2021: $1,817,6292021Assets 2022: $4,751,498Liabilities 2022: $2,517,581Net Assets 2022: $2,233,9172022Assets 2023: $3,903,297Liabilities 2023: $1,355,937Net Assets 2023: $2,547,3602023Assets 2024: $4,715,567Liabilities 2024: $1,552,447Net Assets 2024: $3,163,1202024

Highlighted filing

2019

Assets$2,017,681
Liabilities$1,431,330
Net Assets$586,351
Open 2019 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $2,730,190Expenses 2010: $2,819,341Net Income 2010: -$89,1512010Revenue 2011: $2,699,310Expenses 2011: $2,690,727Net Income 2011: $8,5832011Revenue 2012: $3,272,652Expenses 2012: $3,269,593Net Income 2012: $3,0592012Revenue 2013: $3,113,043Expenses 2013: $3,178,376Net Income 2013: -$65,3332013Revenue 2014: $2,779,039Expenses 2014: $2,749,167Net Income 2014: $29,8722014Revenue 2015: $3,145,256Expenses 2015: $3,072,473Net Income 2015: $72,7832015Revenue 2016: $3,542,552Expenses 2016: $3,561,676Net Income 2016: -$19,1242016Revenue 2017: $2,675,590Expenses 2017: $2,790,167Net Income 2017: -$114,5772017Revenue 2018: $3,321,760Expenses 2018: $3,292,427Net Income 2018: $29,3332018Revenue 2019: $3,529,984Expenses 2019: $3,606,292Net Income 2019: -$76,3082019Revenue 2020: $4,111,834Expenses 2020: $3,804,934Net Income 2020: $306,9002020Revenue 2021: $4,805,353Expenses 2021: $3,880,975Net Income 2021: $924,3782021Revenue 2022: $4,786,663Expenses 2022: $4,370,375Net Income 2022: $416,2882022Revenue 2023: $5,035,626Expenses 2023: $4,722,183Net Income 2023: $313,4432023Revenue 2024: $5,345,997Expenses 2024: $4,730,237Net Income 2024: $615,7602024

Highlighted filing

2019

Revenue$3,529,984
Expenses$3,606,292
Net Income-$76,308
Open 2019 Filing
Filing Detail Status

This 2019 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

View Latest Detailed Filing (2024)
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Mission and Program Overview

Mission

Advancect is a private nonprofit corporation that drives job creation and new capital investment in connecticut through high-impact economic development including business attraction, retention, and expansion.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$2,017,681
Liabilities
$1,431,330
Net assets
$586,351
Revenue
$3,529,984
Expenses
$3,606,292
Net income
-$76,308
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$1.55$3.16$5.35$4.73$0.62
2023Detailed filing. Detailed filing data is available for this year.$3.90$1.36$2.55$5.04$4.72$0.31
2022Detailed filing. Detailed filing data is available for this year.$4.75$2.52$2.23$4.79$4.37$0.42
2021Detailed filing. Detailed filing data is available for this year.$4.00$2.18$1.82$4.81$3.88$0.92
2020Detailed filing. Detailed filing data is available for this year.$2.51$1.62$0.89$4.11$3.80$0.31
2019Summary only. Only limited summary data is available for this year.$2.02$1.43$0.59$3.53$3.61$0.08
2018Summary only. Only limited summary data is available for this year.$1.21$0.54$0.66$3.32$3.29$0.03
2017Summary only. Only limited summary data is available for this year.$1.55$0.92$0.63$2.68$2.79$0.11
2016Summary only. Only limited summary data is available for this year.$1.63$0.89$0.74$3.54$3.56$0.02
2015Summary only. Only limited summary data is available for this year.$1.80$1.04$0.76$3.15$3.07$0.07
2014Summary only. Only limited summary data is available for this year.$1.51$0.82$0.69$2.78$2.75$0.03
2013Summary only. Only limited summary data is available for this year.$1.50$0.84$0.66$3.11$3.18$0.07
2012Summary only. Only limited summary data is available for this year.$1.45$0.72$0.72$3.27$3.27$0.00
2011Summary only. Only limited summary data is available for this year.$1.26$0.54$0.72$2.70$2.69$0.01
2010Summary only. Only limited summary data is available for this year.$1.24$0.52$0.71$2.73$2.82$0.09