Civic Intelligence

Metrohartford Alliance Inc

EIN 06-1614518 • 501(c)6 • Hartford, CT

Profile

To help hartford compete aggressively and successfully for jobs, talent, and capital

31 Pratt Street 5th FloorHartford, CT 06103

www.metrohartford.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.25x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.73x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

91st percentile

32%

Higher net margin than 91% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$377,878

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

501(c)6 • $10M-$25M nonprofits • Source year 2023

Asset Growth

95th percentile

42%

Faster asset growth than 95% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-16%

Faster revenue growth than 6% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$14,660,383

Up $4,330,306 (+42%) from 2023

Liabilities

Up

$3,622,898

Up $2,771,709 (+326%) from 2023

Net Assets

Up

$11,037,485

Up $1,558,597 (+16%) from 2023

Revenue

Down

$4,946,786

Down $965,219 (-16%) from 2023

Expenses

Down

$3,388,189

Down $536,234 (-14%) from 2023

Net Income

Down

$1,558,597

Down $428,985 (-22%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $4,180,568Liabilities 2011: $271,559Net Assets 2011: $3,909,0092011Assets 2012: $4,696,657Liabilities 2012: $297,665Net Assets 2012: $4,398,9922012Assets 2013: $5,210,171Liabilities 2013: $522,207Net Assets 2013: $4,687,9642013Assets 2014: $5,256,794Liabilities 2014: $528,872Net Assets 2014: $4,727,9222014Assets 2015: $4,603,049Liabilities 2015: $818,234Net Assets 2015: $3,784,8152015Assets 2016: $3,054,712Liabilities 2016: $713,936Net Assets 2016: $2,340,7762016Assets 2017: $3,742,949Liabilities 2017: $862,616Net Assets 2017: $2,880,3332017Assets 2018: $3,104,791Liabilities 2018: $774,354Net Assets 2018: $2,330,4372018Assets 2019: $3,075,342Liabilities 2019: $1,603,618Net Assets 2019: $1,471,7242019Assets 2020: $4,474,002Liabilities 2020: $982,745Net Assets 2020: $3,491,2572020Assets 2021: $6,195,662Liabilities 2021: $1,119,014Net Assets 2021: $5,076,6482021Assets 2022: $9,078,446Liabilities 2022: $1,587,140Net Assets 2022: $7,491,3062022Assets 2023: $10,330,077Liabilities 2023: $851,189Net Assets 2023: $9,478,8882023Assets 2024: $14,660,383Liabilities 2024: $3,622,898Net Assets 2024: $11,037,4852024

Highlighted filing

2024

Assets$14,660,383
Liabilities$3,622,898
Net Assets$11,037,485

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,682,870Expenses 2011: $3,737,095Net Income 2011: -$54,2252011Revenue 2012: $4,441,823Expenses 2012: $3,951,840Net Income 2012: $489,9832012Revenue 2013: $4,011,534Expenses 2013: $3,722,562Net Income 2013: $288,9722013Revenue 2014: $4,110,810Expenses 2014: $4,070,852Net Income 2014: $39,9582014Revenue 2015: $3,239,389Expenses 2015: $4,182,496Net Income 2015: -$943,1072015Revenue 2016: $2,704,985Expenses 2016: $4,149,024Net Income 2016: -$1,444,0392016Revenue 2017: $5,050,529Expenses 2017: $4,510,972Net Income 2017: $539,5572017Revenue 2018: $4,389,652Expenses 2018: $4,939,548Net Income 2018: -$549,8962018Revenue 2019: $5,450,497Expenses 2019: $5,730,758Net Income 2019: -$280,2612019Revenue 2020: $5,233,034Expenses 2020: $3,213,501Net Income 2020: $2,019,5332020Revenue 2021: $3,681,272Expenses 2021: $2,095,881Net Income 2021: $1,585,3912021Revenue 2022: $6,555,675Expenses 2022: $4,141,017Net Income 2022: $2,414,6582022Revenue 2023: $5,912,005Expenses 2023: $3,924,423Net Income 2023: $1,987,5822023Revenue 2024: $4,946,786Expenses 2024: $3,388,189Net Income 2024: $1,558,5972024

Highlighted filing

2024

Revenue$4,946,786
Expenses$3,388,189
Net Income$1,558,597

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.7$3.62$11.0$4.95$3.39$1.56
2023Detailed filing. Detailed filing data is available for this year.$10.3$0.85$9.48$5.91$3.92$1.99
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.08$1.59$7.49$6.56$4.14$2.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.20$1.12$5.08$3.68$2.10$1.59
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$0.98$3.49$5.23$3.21$2.02
2019Detailed filing. Detailed filing data is available for this year.$3.08$1.60$1.47$5.45$5.73$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.10$0.77$2.33$4.39$4.94$0.55
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.74$0.86$2.88$5.05$4.51$0.54
2016Detailed filing. Detailed filing data is available for this year.$3.05$0.71$2.34$2.70$4.15$1.44
2015Detailed filing. Detailed filing data is available for this year.$4.60$0.82$3.78$3.24$4.18$0.94
2014Summary only. Only limited summary data is available for this year.$5.26$0.53$4.73$4.11$4.07$0.04
2013Summary only. Only limited summary data is available for this year.$5.21$0.52$4.69$4.01$3.72$0.29
2012Summary only. Only limited summary data is available for this year.$4.70$0.30$4.40$4.44$3.95$0.49
2011Summary only. Only limited summary data is available for this year.$4.18$0.27$3.91$3.68$3.74$0.05
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 12, 2024
Return Version
2023v5.0
Gross Receipts
$5,912,005
Mission and Program Overview

Mission

To help hartford compete aggressively and successfully for jobs, talent and capital.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,308,788$425,588▼ $883,200
Cash and Non-Interest-Bearing Accounts$646,913$400,317▼ $246,596
Accounts Receivable$341,858$92,526▼ $249,332
Prepaid Expenses and Deferred Charges$29,049$85,063▲ $56,014
Land, Buildings, and Equipment, Net$89,092$36,969▼ $52,123
Total Assets$9,078,446$10,330,077▲ $1,251,631
Other Assets Total$6,662,746$9,289,614▲ $2,626,868
Liabilities
Deferred Revenue$1,400,226$789,494▼ $610,732
Accounts Payable and Accrued Expenses$186,914$61,695▼ $125,219
Total Liabilities$1,587,140$851,189▼ $735,951
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,275,896$9,343,305▲ $2,067,409
Net Assets With Donor Restrictions$215,410$135,583▼ $79,827
Total Net Assets Fund Balance$7,491,306$9,478,888▲ $1,987,582
Total Liabilities and Net Assets / Fund Balance$9,078,446$10,330,077▲ $1,251,631

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,961$237,078$250,039
Leasehold Improvements$24,008$163,704$187,712
Equipment$0$84,849$84,849
Other Assets Org$59,928--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Julio ConcepcionExecutive DirectorFT$130,013$130,013

Board Members and Trustees

NameTitle
John GuyBoard Chair
Jonathan BennettChair of Finance
Meera KrishnamurthyChair of Governance
Andy BessetteChair of Recruitment
David RobinsonImmediate Past Chair
David GriggsPresident & CEO
Susan WinklerVice President
Alex ToribioDirector
Anne ThiebaltDirector
Barry SimonDirector
Carlos MoutaDirector
David FayDirector
David HopkinsDirector
Eric DanielsDirector
Erin StewartDirector
Gregory ButlerDirector
Heather SummererDirector
Jay WilliamsDirector
Jeffrey FlaksDirector
Jeffrey HoffmanDirector
Jesse ImseDirector
Joseph GianniDirector
Keith HubertDirector
Luke BroninDirector
Mark Overmyer-velazquezDirector
Martin GuayDirector
Matt FleuryDirector
Max KothariDirector
Paul BrantDirector
Paul TylerDirector
Peter SouzaDirector
Rhona FreeDirector
Roberta WachtelhausenDirector
Ron AngeloDirector
Sandy CloudDirector
William DibellaDirector
Eugene GoddardChief Business Investment
Anne BurnsChief Financial Officer
Kate BaumannChief Investor Relations O
Revenue and Support

Revenue Composition

Contributions and Grants
$5,539,490
Program Service Revenue
$367,005
Investment Income
$0
Other Revenue
$5,510
All Other Contributions
$137,149
Change in Net Assets
$1,987,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,234,952
Other Expenses$1,689,471
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$2,234,952
Office Expenses---$248,424
Advertising---$220,329
Fees for Services Other---$216,039
All Other Expenses---$176,163
Fees for Services Accounting---$140,300
Information Technology---$110,711
Depreciation Depletion---$51,245
Travel---$48,179
Other Expenses---$26,579
Insurance---$21,651
Fees for Services Legal---$15,661
Total Functional Expenses$0$0$0$3,924,423
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Shelbourne Pratt Dvlpmt LLCBrooklyn, NY-Economic Development$250,600
Full Circle Realty LLCBerlin, CT-Economic Development$176,750
Sgs 196 Trumbull St HoldingsHartford, CT-Economic Development$145,000
Forge City WorksHartford, CT-Economic Development$131,500
Parkville LLCHartford, CT-Economic Development$120,722
Northland Ventures Lp Northland Trumbull LLCNewton, MA-Economic Development$120,000
40 Airport Road Hartford LLCHartford, CT-Economic Development$112,500
Jo Barb LLCHartford, CT-Economic Development$112,500
Hispanic Health Council IncHartford, CT-Economic Development$107,500
B Hartford LLCHartford, CT-Economic Development$88,000
Hartford Unlimited Enterprises IncWindsor, CT-Economic Development$80,500
1429 Park Street LLCHartford, CT-Economic Development$77,000
Sunberry Cafe & CateringHartford, CT-Economic Development$75,368
Sgs 99 Pratt LLCHartford, CT-Economic Development$75,000
Spectra 111 Master Tenant LLCHartford, CT-Economic Development$66,000
1200 Park Street LLCHartford, CT-Economic Development$62,500
Allyn Street Commercial LLCWaltham, MA-Economic Development$50,297
Sgs 57-75 Pratt Street LLCHartford, CT-Economic Development$48,950
John SullivanHartford, CT-Economic Development$46,840
John Valdez 48 Main LLCHartford, CT-Economic Development$45,900
1420 Park Street LLCWest Hartford, CT-Economic Development$37,500
Grunberg 280 Trumbull LLCHartford, CT-Economic Development$32,500
Hartford Community Loan Fund Inc Dba 207-215 Garden LLCHartford, CT-Economic Development$32,000
Olymbec Hartford Ltd PtnshpHartford, CT-Economic Development$28,000
Sgs 99 Pratt LLCHartford, CT-Economic Development$25,575
33-2026 Park Street LLCHartford, CT-Economic Development$25,000
Andaeleeb Enterprises LLCBloomfield, CT-Economic Development$23,250
156 Franklin Avenue LLCGarden City, NY-Economic Development$22,700
Park & Main LLCHartford, CT-Economic Development$10,000
Stark Business Solutions IncHartford, CT-Economic Development$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is comprised of members of businesses in the greater hartford area.

Form 990, Part VI, Section B, Line 11B

Board has delegated the review of form 990 to its budget and finance committee.

Form 990, Part VI, Section B, Line 12C

Policy provides for active disclosure of conflicts. Policy is enforced by having members recuse themselves if in conflict.

Form 990, Part VI, Section B, Line 15

Review/approval by comp committee, including comparability data ranges for all positions as compiled by an independent hr consultant. Comp recommendations signed off by the comp committee, as well as the board chair, as evidence of their deliberation / approval.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and the financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Metrohartford Alliance Inc
EIN
06-1614518
Phone
8605254451
Address
31 PRATT STREET 5TH FLOOR, HARTFORD, CT 06103

Signing Officer

Name
David Griggs
Title
President & CEO
Phone
8605254451
Signed
2024-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Griggs
Formed
2002
Legal Domicile
Ct
Voting Board Members
36
Independent Board Members
35
Employees
0
Volunteers
0

Preparer

Firm
Whittlesey Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Kimberly Napp
Phone
8605223111
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There has been no change to the review and oversight process.

Raw XML AppendixShowing 400 of 998 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/AccountsReceivableGrp/EOYAmt092526
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO HELP HARTFORD COMPETE AGGRESSIVELY AND SUCCESSFULLY FOR JOBS, TALENT AND CAPITAL.
IRS990/AdvertisingGrp/TotalAmt0220329
IRS990/AllOtherContributionsAmt0137149
IRS990/AllOtherExpensesGrp/TotalAmt0176163
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IRS990/BooksInCareOfDetail/PhoneNum08603728787
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IRS990/DepreciationDepletionGrp/TotalAmt051245
IRS990/Desc0BUSINESS CLIMATE AND INFRASTRUCTURE: STRENGTHEN THE BUSINESS CLIMATE AND INFRASTRUCTURE OF THE REGION. PROMOTE PRO-BUSINESS POLICIES; DEVELOP, PRIORITIZE AND ADVOCATE FOR MAJOR CAPITAL PROJECTS; ADVOCATE STRENGTHENED REGIONAL TRANSPORTATION INFRASTRUCTURE; PROMOTE DIALOGUE ON ROLE OF BUSINESS; IDENTIFY OPPORTUNITIES; AND, ENCOURAGE GREATER COLLABORATION AMONG MUNICIPALITIES.
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IRS990/FeesForServicesAccountingGrp/TotalAmt0140300
IRS990/FeesForServicesLegalGrp/TotalAmt015661
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR OF GOVERNANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR OF RECRUITMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt35CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt36VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt37CHIEF BUSINESS INVESTMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt38EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt39CHIEF INVESTOR RELATIONS O
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IRS990/MissionDesc0TO HELP HARTFORD COMPETE AGGRESSIVELY AND SUCCESSFULLY FOR JOBS, TALENT AND CAPITAL.
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