Connecticut Challenge Inc.

“Governing body received and reviewed a draft of 2014 form 990 prior to filing.”

“Compensation for the organization's president, officers, and other key employees is determined by the governing body of which eight of the nine members are independent persons. The process includes comparison of organization compensation levels with industry standards. In addition, during 2014 the organization hired an outside consulting firm that specializes in non-profit compensation to determine compensation levels for senior management of the organization. This process is documented in organization minutes and other contemporaneous records.”

“Governing documents are made available upon request.”

“Name other compensation jeffrey keith sep contribution $21,186.00 health insurance 29,715.00 total other compensation $50,901.00 robert mazzone sep contribution $16,692.00 health insurance 29,715.00 total other compensation $46,407.00”

“Professional fees: program service expenses 14,768. Management and general expenses 14,829. Fundraising expenses 2,902. Total expenses 32,499. Other: program service expenses 29,582. Management and general expenses 0. Fundraising expenses 81. Total expenses 29,663. Telephone and internet: program service expenses 18,004. Management and general expenses 5,477. Fundraising expenses 4,395. Total expenses 27,876. Public relations: program service expenses 25,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,000. Printing: program service expenses 17,648. Management and general expenses 925. Fundraising expenses 4,780. Total expenses 23,353. Materials and supplies: program service expenses 21,265. Management and general expenses 486. Fundraising expenses 0. Total expenses 21,751. Insurance: program service expenses 10,091. Management and general expenses 5,343. Fundraising expenses 0. Total expenses 15,434. Travel and entertainment: program service expenses 11,255. Management and general expenses 237. Fundraising expenses 2,833. Total expenses 14,325. Membership fees and subscriptions: program service expenses 2,076. Management and general expenses 1,044. Fundraising expenses 6,521. Total expenses 9,641. Auto expense: program service expenses 8,700. Management and general expenses 48. Fundraising expenses 21. Total expenses 8,769. Postage: program service expenses 6,650. Management and general expenses 715. Fundraising expenses 1,388. Total expenses 8,753. Storage: program service expenses 6,096. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,096. Bank and credit card fees: program service expenses 507. Management and general expenses 3,062. Fundraising expenses 0. Total expenses 3,569. Repairs and maintenance: program service expenses 2,629. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,629. Charitable contributions: program service expenses 925. Management and general expenses 0. Fundraising expenses 100. Total expenses 1,025.”

“The organization assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process is unchanged from the prior year.”