Civic Intelligence

Connect Foundation

990 • Fiscal year 2010 • EIN 20-3049742

Jul 01, 2009 to Jun 30, 2010 • Filed on May 12, 2011

8950 Villa La Jolla Drive No A12492037
Siviq Scores

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

Liabilities / Assets

64th percentile

0.30x

Higher debt load relative to assets than 64% of similar nonprofits.

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$270,156

No earlier filing loaded for comparison.

Net Assets

$189,460

No earlier filing loaded for comparison.

Liabilities

$80,696

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,448,445

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $270,156Liabilities 2010: $80,696Net Assets 2010: $189,4602010Assets 2011: $126,568Liabilities 2011: $250,090Net Assets 2011: -$123,5222011Assets 2012: $130,002Liabilities 2012: $316,520Net Assets 2012: -$186,5182012Assets 2013: $798,721Liabilities 2013: $764,650Net Assets 2013: $34,0712013Assets 2014: $1,113,558Liabilities 2014: $640,107Net Assets 2014: $473,4512014Assets 2015: $1,128,752Liabilities 2015: $724,411Net Assets 2015: $404,3412015Assets 2016: $869,432Liabilities 2016: $826,574Net Assets 2016: $42,8582016Assets 2017: $841,026Liabilities 2017: $834,967Net Assets 2017: $6,0592017Assets 2018: $810,720Liabilities 2018: $737,806Net Assets 2018: $72,9142018Assets 2019: $857,730Liabilities 2019: $697,992Net Assets 2019: $159,7382019Assets 2020: $1,407,738Liabilities 2020: $1,056,548Net Assets 2020: $351,1902020Assets 2021: $1,763,046Liabilities 2021: $1,433,368Net Assets 2021: $329,6782021Assets 2022: $2,161,085Liabilities 2022: $1,203,752Net Assets 2022: $957,3332022Assets 2023: $2,581,098Liabilities 2023: $1,278,709Net Assets 2023: $1,302,3892023Assets 2024: $2,869,712Liabilities 2024: $1,530,853Net Assets 2024: $1,338,8592024Assets 2025: $2,228,305Liabilities 2025: $906,150Net Assets 2025: $1,322,1552025

Highlighted filing

2010

Assets$270,156
Liabilities$80,696
Net Assets$189,460

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,448,4452010Expenses 2011: $1,827,3502011Expenses 2012: $2,052,5242012Revenue 2013: $3,415,756Expenses 2013: $3,195,167Net Income 2013: $220,5892013Revenue 2014: $3,498,201Expenses 2014: $3,058,821Net Income 2014: $439,3802014Revenue 2015: $2,678,762Expenses 2015: $2,747,872Net Income 2015: -$69,1102015Revenue 2016: $2,041,375Expenses 2016: $2,402,858Net Income 2016: -$361,4832016Revenue 2017: $2,152,080Expenses 2017: $2,188,879Net Income 2017: -$36,7992017Revenue 2018: $1,895,067Expenses 2018: $1,828,212Net Income 2018: $66,8552018Revenue 2019: $1,693,824Expenses 2019: $1,607,000Net Income 2019: $86,8242019Revenue 2020: $2,329,824Expenses 2020: $2,065,256Net Income 2020: $264,5682020Revenue 2021: $1,425,572Expenses 2021: $1,447,084Net Income 2021: -$21,5122021Revenue 2022: $2,690,604Expenses 2022: $2,206,445Net Income 2022: $484,1592022Revenue 2023: $2,562,877Expenses 2023: $2,217,821Net Income 2023: $345,0562023Revenue 2024: $2,827,352Expenses 2024: $2,790,882Net Income 2024: $36,4702024Revenue 2025: $3,094,359Expenses 2025: $3,111,063Net Income 2025: -$16,7042025

Highlighted filing

2010

Revenue-
Expenses$1,448,445
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
May 12, 2011
Return Version
2009v1.7
Gross Receipts
$3,315,661
Mission and Program Overview

Mission

The organization's mission is to provide educational events, training programs, seminars, and workshops relating to accelerating and supporting the growth of entrepreneurial activities and business in san diego county, with a focus on technology and life sciences businesses, and to carry on other charitable and educational activities associated with this goal as allowed by law.

Major Activities

Activity 2
Most innovative new product awardsnow in its 22nd year, the connect mip awards continue the tradition of showcasting local companies with cutting-edge high technology. From early stage biotechnology companies to the first products generated by the region's telecommunications boom. The awards program has been an indicator of the industries and technologies that have stimulated the san diego economy.
Activity 3
Mit enterprise forumconnect provides program management for the san diego mit enterprise forum. The forum's mission is to educate entrepreneurs in an informative and entertaining environment in front of a diverse audience of san diego business leaders and technologists, as well as capital and service providers.the forum's mission reflects the ideals of the massachusetts institute of technology's founders, who promoted education for practical application. This history - rich with tradition - has evolved to one rich with innovation.
Filing and Contact Details

Filer

EIN
20-3049742
Raw XML AppendixShowing 400 of 557 raw XML fields

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IRS990/Activity2/Description0MOST INNOVATIVE NEW PRODUCT AWARDSNOW IN ITS 22ND YEAR, THE CONNECT MIP AWARDS CONTINUE THE TRADITION OF SHOWCASTING LOCAL COMPANIES WITH CUTTING-EDGE HIGH TECHNOLOGY. FROM EARLY STAGE BIOTECHNOLOGY COMPANIES TO THE FIRST PRODUCTS GENERATED BY THE REGION'S TELECOMMUNICATIONS BOOM. THE AWARDS PROGRAM HAS BEEN AN INDICATOR OF THE INDUSTRIES AND TECHNOLOGIES THAT HAVE STIMULATED THE SAN DIEGO ECONOMY.
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IRS990/Activity3/Description0MIT ENTERPRISE FORUMCONNECT PROVIDES PROGRAM MANAGEMENT FOR THE SAN DIEGO MIT ENTERPRISE FORUM. THE FORUM'S MISSION IS TO EDUCATE ENTREPRENEURS IN AN INFORMATIVE AND ENTERTAINING ENVIRONMENT IN FRONT OF A DIVERSE AUDIENCE OF SAN DIEGO BUSINESS LEADERS AND TECHNOLOGISTS, AS WELL AS CAPITAL AND SERVICE PROVIDERS.THE FORUM'S MISSION REFLECTS THE IDEALS OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY'S FOUNDERS, WHO PROMOTED EDUCATION FOR PRACTICAL APPLICATION. THIS HISTORY - RICH WITH TRADITION - HAS EVOLVED TO ONE RICH WITH INNOVATION.
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IRS990/Description0Springboard offers free guidance and development to technology entrepreneurs (broadly defined, and including life sciences, clean tech, software, hardware, defense, wireless and consumer product companies) in all stages of development, ranging from concept (technology commercialization and start-up) to companies that have reached a significant inflection point in their development and need further assistance in order to grow. Springboard participants are matched with mentors Entrepreneurs in Residence (EIRs) who have related domain expertise and experience in raising capital and/or growing companies. The coaching process is focused on the development of a compelling business proposition that can be presented to investors or strategic partners. The process lasts from 3 to 5 months and culminates with a presentation to a panel of venture capitalists, angel investors, service providers (law, insurance, accountancy/tax, commercial real estate), and industry domain experts, who provide meaningful feedback to help guide the client companys future development.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0On July 1, 2009, the Foundation adopted authoritative guidance issued by the FASB which clarifies the accounting for uncertainty in income taxes recognized in the Foundation's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax positions for purposes of application of this guidance include the tax status of the Foundation as an entity exempt from tax, and also to what degree the Foundation's activities give rise to unrelated business taxablle income (UBTI). This guidance also addresses de-recognition and measurement of a tax position taken or expected to be taken in a tax return. The adoption of this guidance did not have a material effect on the Foundation. The Foundation did not have unrecognized tax benefits as of June 30, 2010 and does not expect this to change significantly over the next 12 months. In connection with the adoption of the guidance pertaining to uncertain tax positions, the Foundation will recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. As of June 30, 2010, the Foundation has not accrued interest or penalties related to uncertain tax positions.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1$100,000 OF DESIGNATED CONTRIBUTIONS, as well as $2,084,737 OF RELATED PARTY DEBT FORGIVENESS IS INCLUDED IN FORM 990.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0Part X:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0Description of Uncertain Tax Positions Under FIN 48:
IRS990ScheduleD/OtherLandBuildings/BookValue00
IRS990ScheduleD/OtherLandBuildings/Depreciation010365
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis010365
IRS990ScheduleD/OtherRevenuesNotIncluded02184737
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt02184737
IRS990ScheduleD/RevenueSubtotal01130924
IRS990ScheduleD/TotalAdjustments00
IRS990ScheduleD/TotalExpenses01448445
IRS990ScheduleD/TotalExpensesPerForm99001448445
IRS990ScheduleD/TotalOfBookValueLandBuildings010485
IRS990ScheduleD/TotalRevenue03315661
IRS990ScheduleD/TotalRevenuePerForm99003315661
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01448445
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01130924
IRS990ScheduleJ/AnyNonFixedPayments00
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg00
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs00
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg00
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs00
IRS990ScheduleJ/CompensationCommittee0X
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg071875
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg175471
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs0240624
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs1102108
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/NameBusiness/BusinessNameLine10duane roth
IRS990ScheduleJ/Form990ScheduleJPartII/NameBusiness/BusinessNameLine11camille saltman
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs06000
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg071875
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg175471
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0246624
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs1102108

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.91$1.32$3.09$3.11$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.87$1.53$1.34$2.83$2.79$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.58$1.28$1.30$2.56$2.22$0.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$1.20$0.96$2.69$2.21$0.48
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$1.43$0.33$1.43$1.45$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$1.06$0.35$2.33$2.07$0.26
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.70$0.16$1.69$1.61$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.74$0.07$1.90$1.83$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.83$0.01$2.15$2.19$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.87$0.83$0.04$2.04$2.40$0.36
2015Detailed filing. Detailed filing data is available for this year.$1.13$0.72$0.40$2.68$2.75$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.11$0.64$0.47$3.50$3.06$0.44
2013Summary only. Only limited summary data is available for this year.$0.80$0.76$0.03$3.42$3.20$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.32$0.19$2.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.25$0.12$1.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.08$0.19$1.45