Civic Intelligence

Connecticut Center for Advanced Technology Inc.

990 • Fiscal year 2018 • EIN 20-1051854

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

222 Pitkin StreetEast Hartford, CT 06108

(860) 291-8832

Siviq Scores

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

Liabilities / Assets

58th percentile

0.24x

Higher debt load relative to assets than 58% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.23x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

24th percentile

-5.0%

Higher net margin than 24% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$234,787

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

5th percentile

-18%

Faster asset growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-49%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$7,520,407

Down $1,648,988 (-18%) from 2017

Net Assets

Down

$5,734,690

Down $396,462 (-6.5%) from 2017

Liabilities

Down

$1,785,717

Down $1,252,526 (-41%) from 2017

Revenue

Down

$7,868,111

Down $7,448,039 (-49%) from 2017

Expenses

Down

$8,264,573

Down $7,082,204 (-46%) from 2017

Net Income

Down

-$396,462

Down $365,835 (-1194%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $10,535,233Liabilities 2011: $8,209,533Net Assets 2011: $2,325,7002011Assets 2012: $6,731,361Liabilities 2012: $3,815,131Net Assets 2012: $2,916,2302012Assets 2013: $7,032,344Liabilities 2013: $3,885,371Net Assets 2013: $3,146,9732013Assets 2014: $6,195,697Liabilities 2014: $3,152,221Net Assets 2014: $3,043,4762014Assets 2015: $8,041,418Liabilities 2015: $4,081,088Net Assets 2015: $3,960,3302015Assets 2016: $12,087,588Liabilities 2016: $5,925,809Net Assets 2016: $6,161,7792016Assets 2017: $9,169,395Liabilities 2017: $3,038,243Net Assets 2017: $6,131,1522017Assets 2018: $7,520,407Liabilities 2018: $1,785,717Net Assets 2018: $5,734,6902018Assets 2019: $8,937,073Liabilities 2019: $3,081,289Net Assets 2019: $5,855,7842019Assets 2020: $15,450,479Liabilities 2020: $9,783,931Net Assets 2020: $5,666,5482020Assets 2021: $11,814,125Liabilities 2021: $6,722,054Net Assets 2021: $5,092,0712021Assets 2022: $16,233,195Liabilities 2022: $11,603,598Net Assets 2022: $4,629,5972022Assets 2023: $21,896,534Liabilities 2023: $15,774,833Net Assets 2023: $6,121,7012023Assets 2024: $23,783,966Liabilities 2024: $16,347,700Net Assets 2024: $7,436,2662024

Highlighted filing

2018

Assets$7,520,407
Liabilities$1,785,717
Net Assets$5,734,690

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $14,315,709Expenses 2011: $14,171,081Net Income 2011: $144,6282011Revenue 2012: $12,813,297Expenses 2012: $12,222,767Net Income 2012: $590,5302012Revenue 2013: $14,461,831Expenses 2013: $14,231,088Net Income 2013: $230,7432013Revenue 2014: $11,259,121Expenses 2014: $11,362,618Net Income 2014: -$103,4972014Revenue 2015: $16,804,672Expenses 2015: $15,887,818Net Income 2015: $916,8542015Revenue 2016: $16,269,392Expenses 2016: $14,067,943Net Income 2016: $2,201,4492016Revenue 2017: $15,316,150Expenses 2017: $15,346,777Net Income 2017: -$30,6272017Revenue 2018: $7,868,111Expenses 2018: $8,264,573Net Income 2018: -$396,4622018Revenue 2019: $8,743,444Expenses 2019: $8,622,350Net Income 2019: $121,0942019Revenue 2020: $7,709,680Expenses 2020: $7,898,916Net Income 2020: -$189,2362020Revenue 2021: $9,054,771Expenses 2021: $9,629,248Net Income 2021: -$574,4772021Revenue 2022: $10,021,083Expenses 2022: $10,483,557Net Income 2022: -$462,4742022Revenue 2023: $18,320,884Expenses 2023: $16,828,780Net Income 2023: $1,492,1042023Revenue 2024: $21,853,733Expenses 2024: $20,539,168Net Income 2024: $1,314,5652024

Highlighted filing

2018

Revenue$7,868,111
Expenses$8,264,573
Net Income-$396,462
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$7,868,111
Mission and Program Overview

Mission

Address 21st century economic challenges by creating partnerships

To develop direct and concise strategies to advance applied technologies that drive innovative processes and value-driven solutions to businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,561,196$4,109,646▼ $451,550
Savings and Temporary Cash Investments$2,205,507$1,148,399▼ $1,057,108
Pledges and Grants Receivable$1,309,682$1,108,122▼ $201,560
Cash and Non-Interest-Bearing Accounts$1,001,796$988,708▼ $13,088
Investments Other Securities$0$142,891▲ $142,891
Prepaid Expenses and Deferred Charges$91,214$22,641▼ $68,573
Total Assets$9,169,395$7,520,407▼ $1,648,988
Liabilities
Accounts Payable and Accrued Expenses$642,366$1,319,970▲ $677,604
Other Liabilities$2,395,877$465,747▼ $1,930,130
Total Liabilities$3,038,243$1,785,717▼ $1,252,526
Net Assets / Fund Balance
Unrestricted Net Assets$6,131,152$5,734,690▼ $396,462
Total Net Assets Fund Balance$6,131,152$5,734,690▼ $396,462
Total Liabilities and Net Assets / Fund Balance$9,169,395$7,520,407▼ $1,648,988

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,067,092$7,101,450-
Leasehold Improvements$42,554$2,034,132-
Closely Held Equity Interests$142,891--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elliot GinsbergChairman of the Board/Former President & CEOFT$223,447$11,340$234,787
Elliot Ginsberg--$223,447$11,340$234,787
John A GliddenChief Financial OfficerFT$149,483$22,828$172,311
John A Glidden--$149,483$22,828$172,311
Dr Thomas MaloneyChief Technology OfficerFT$151,193$8,507$159,700
Dr Thomas Maloney--$151,193$8,507$159,700
Natalie J RealChief Administrative OfficerFT$138,881$13,207$152,088
Natalie J Real--$138,881$13,207$152,088
Joel M RineboldDirector of Energy ProgramsFT$130,853$7,985$138,838
Wayne SumpleAssociate Director of AMCFT$115,167$6,706$121,873
Paul StriebelProcurement ManagerFT$104,177$14,064$118,241
Donald BalducciDirector of AMCFT$111,148$6,486$117,634
Eric WoldAMC Applications ManagerFT$101,181$5,911$107,092

Board Members and Trustees

NameTitle
John J CarsonMember of the Board
Kevin FlanaganMember of the Board
Michelle AllinsonMember of the Board
Paul S Polo SrMember of the Board
Richard BaxterMember of the Board
Rodney PowellMember of the Board
William R BreetzMember of the Board
John L ChoquetteSecretary of the Board
Revenue and Support

Revenue Composition

Contributions and Grants
$6,184,463
Program Service Revenue
$1,683,648
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-396,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,167,624
Salaries, Compensation, and Employee Benefits$3,096,949
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$2,711,837$12,075$0$2,723,912
Other Salaries and Wages$1,921,643$18,620$0$1,940,263
Occupancy$516,917$348,121$0$865,038
Depreciation Depletion$754,922$28,546$0$783,468
Current Officers, Directors, Trustees, and Key Employees$0$718,886$0$718,886
Payroll Taxes$142,096$53,688$0$195,784
Other Employee Benefits$155,940$7,963$0$163,903
Fees for Services Other$136,117$15,150$0$151,267
Office Expenses$96,505$49,252$0$145,757
Conferences and Meetings$117,087$11,769$0$128,856
Information Technology$74,286$50,202$0$124,488
Pension Plan Contributions$76,190$1,923$0$78,113
Fees for Services Accounting$56,390$19,800$0$76,190
Travel$53,102$5,338$0$58,440
Advertising$17,015$27,223$0$44,238
Insurance$0$41,033$0$41,033
Fees for Services Legal$18,456$6,481$0$24,937
Total Functional Expenses$6,848,503$1,416,070$0$8,264,573
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
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
John J Carson University of HartforMember of the BoardSublease Rental IncomeNo$19,248
William R BreetzMember of the BoardLegal ServicesNo$7,693
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable advances$429,242
Funds held on behalf of others$22,353
Deposits$14,152
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 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
Filing and Contact Details

Filer

Filer Name
Connecticut Center for Advanced Technology Inc
EIN
20-1051854
Phone
8602918832
Address
222 Pitkin Street, East Hartford, CT 06108

Signing Officer

Name
John A Glidden
Title
Chief Financial Officer
Phone
8602918832
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John A Glidden
Formed
2004
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
8
Employees
61
Volunteers
0

Preparer

Firm
O'CONNELL PACE & COMPANY PC
Address
609 FARMINGTON AVE STE 201, HARTFORD, CT 06105
Preparer
Albert Celentano
Phone
8602473917
Supplemental Narrative

Additional Explanations

Other

Form 990, Page 2, Part III, Line 4d Other Program Services:

Other

To provide nonprofits, municipalities, schools, libraries,

Other

governments and manufacturers with IT services.

Pt VI, Line 11B

The Organization's policy is to have the Form 990

Pt VI, Line 11B

reviewed internally by the CFO and outside CPA

Pt VI, Line 11B

consultant, followed by review and approval by the Board

Pt VI, Line 11B

of Directors prior to filing it. Evidence of the Board

Pt VI, Line 11B

of Director's review and approval will be documented in

Pt VI, Line 11B

the meeting minutes.

Pt VI, Line 12C

The Organization regularly and consistently monitors and

Pt VI, Line 12C

enforces compliance with the conflict of interest policy

Pt VI, Line 12C

through its hiring process, ongoing supervisory review,

Pt VI, Line 12C

and periodic review by upper management. Additionally,

Pt VI, Line 12C

each employee completes an annual certification as to

Pt VI, Line 12C

compliance with this policy.

Pt VI, Line 15A

The process for determining compensation for the CEO is

Pt VI, Line 15A

review of salaries by the compensation committee and

Pt VI, Line 15A

benchmarking of salaries against similiar organizations

Pt VI, Line 15A

positions.

Pt VI, Line 15B

The process for determining compensation for the other

Pt VI, Line 15B

officers and key employees is review of salaries by the

Pt VI, Line 15B

compensation committee and benchmarking of salaries

Pt VI, Line 15B

against similiar organizations positions.

Pt VI, Line 19

The Organization does not make its governing documents,

Pt VI, Line 19

conflict of interest policy, and financial statements

Pt VI, Line 19

available to the public.

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IRS990/Form990PartVIISectionAGrp/PersonNm8Elliot Ginsberg
IRS990/Form990PartVIISectionAGrp/PersonNm9John A Glidden
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Chief Technology Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Chief Administrative Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director of Energy Programs
IRS990/Form990PartVIISectionAGrp/TitleTxt13Associate Director of AMC
IRS990/Form990PartVIISectionAGrp/TitleTxt14Procurement Manager
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$16.3$7.44$21.9$20.5$1.31
2023Detailed filing. Detailed filing data is available for this year.$21.9$15.8$6.12$18.3$16.8$1.49
2022Detailed filing. Detailed filing data is available for this year.$16.2$11.6$4.63$10.0$10.5$0.46
2021Detailed filing. Detailed filing data is available for this year.$11.8$6.72$5.09$9.05$9.63$0.57
2020Detailed filing. Detailed filing data is available for this year.$15.5$9.78$5.67$7.71$7.90$0.19
2019Detailed filing. Detailed filing data is available for this year.$8.94$3.08$5.86$8.74$8.62$0.12
2018Detailed filing. Detailed filing data is available for this year.$7.52$1.79$5.73$7.87$8.26$0.40
2017Detailed filing. Detailed filing data is available for this year.$9.17$3.04$6.13$15.3$15.3$0.03
2016Detailed filing. Detailed filing data is available for this year.$12.1$5.93$6.16$16.3$14.1$2.20
2015Detailed filing. Detailed filing data is available for this year.$8.04$4.08$3.96$16.8$15.9$0.92
2014Detailed filing. Detailed filing data is available for this year.$6.20$3.15$3.04$11.3$11.4$0.10
2013Detailed filing. Detailed filing data is available for this year.$7.03$3.89$3.15$14.5$14.2$0.23
2012Summary only. Only limited summary data is available for this year.$6.73$3.82$2.92$12.8$12.2$0.59
2011Summary only. Only limited summary data is available for this year.$10.5$8.21$2.33$14.3$14.2$0.14