Liabilities / Assets
36th percentile
Higher debt load relative to assets than 36% of similar nonprofits.
990 • Fiscal year 2018 • EIN 22-2973506
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
36th percentile
Higher debt load relative to assets than 36% of similar nonprofits.
Liabilities / Revenue
69th percentile
Higher debt load relative to revenue than 69% of similar nonprofits.
Net Margin
38th percentile
Higher net margin than 38% of similar nonprofits.
Top Officer Pay
20th percentile
Higher top officer pay than 20% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
37th percentile
Faster revenue growth than 37% of similar nonprofits.
Assets
Down$7,000,345
Down $303,320 (-4.2%) from 2017
Net Assets
Up$6,535,931
Up $139 (+0.0%) from 2017
Liabilities
Down$464,414
Down $303,459 (-40%) from 2017
Revenue
Down$1,127,705
Down $2,690 (-0.2%) from 2017
Expenses
Up$1,127,566
Up $22,985 (+2.1%) from 2017
Net Income
Down$139
Down $25,675 (-99%) from 2017
Vision: secter is the lead regional economic development resource, stimulating growth and prosperity in southeastern connecticut mission: making southeastern connecticut stronger and more vibrant by 2030 values: secter believes: -in supporting and making our clients and communities successful -our board and staff are reflective of the clients we serve -in valuing our employees and rewarding integrity, teamwork innovation, and excellence -in collaborating with and being responsive to clients and partners -in being accountable fiscally and professionally to all stakeholders -in advocating for our clients, our services, and our community -in diversity and inclusiveness
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $4,859,659 | $4,810,432 | ▼ $49,227 |
| Investments Program Related | $1,988,307 | $1,454,498 | ▼ $533,809 |
| Cash and Non-Interest-Bearing Accounts | $108,062 | $288,133 | ▲ $180,071 |
| Savings and Temporary Cash Investments | $158,000 | $260,244 | ▲ $102,244 |
| Accounts Receivable | $130,470 | $101,719 | ▼ $28,751 |
| Pledges and Grants Receivable | $26,066 | $53,152 | ▲ $27,086 |
| Prepaid Expenses and Deferred Charges | $16,394 | $17,519 | ▲ $1,125 |
| Land, Buildings, and Equipment, Net | $16,707 | $14,648 | ▼ $2,059 |
| Total Assets | $7,303,665 | $7,000,345 | ▼ $303,320 |
| Liabilities | |||
| Other Liabilities | $664,259 | $352,852 | ▼ $311,407 |
| Accounts Payable and Accrued Expenses | $53,412 | $66,887 | ▲ $13,475 |
| Deferred Revenue | $50,202 | $44,675 | ▼ $5,527 |
| Total Liabilities | $767,873 | $464,414 | ▼ $303,459 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $6,144,691 | $6,154,414 | ▲ $9,723 |
| Unrestricted Net Assets | $391,101 | $381,517 | ▼ $9,584 |
| Total Net Assets Fund Balance | $6,535,792 | $6,535,931 | ▲ $139 |
| Total Liabilities and Net Assets / Fund Balance | $7,303,665 | $7,000,345 | ▼ $303,320 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $14,648 | $248,393 | $263,041 |
| Investment Program Related Org | $1,454,498 | - | - |
| Name | Title |
|---|---|
| Michael Carey | Chairman |
| Ayanti Grant | Board Member |
| David Hammond | Board Member |
| Donna Simpson | Board Member |
| Ernest Muccio | Board Member |
| Gabriel Stern | Board Member |
| Gary Goeschel | Board Member |
| James Butler | Board Member |
| John Beauregard | Board Member |
| John W Bill Sheehan | Board Member |
| Maria Miranda | Board Member |
| Naomi Otterness | Board Member |
| Patricia Paesani | Board Member |
| Paul Formica | Board Member |
| Robert Mills | Board Member |
| Ronald Mcdaniel | Board Member |
| Sean Nugent | Board Member |
| Susan Adams | Board Member |
| Thayne Hutchins | Board Member |
| Todd Postler | Board Member |
| Tony Sheridan | Board Member |
| Zachary Tomblin | Board Member |
| Mark R Oefinger | 1st Vice CHA |
| Ed Dombroskas | 2nd Vice CHA |
| Charles Seeman | Retired Pres |
| Richard Erickson | Secretary |
| Robert Congdon | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $861,308 |
| Other Expenses | $266,258 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $537,499 | $21,795 | - | $559,294 |
| Current Officers, Directors, Trustees, and Key Employees | - | $130,775 | - | $130,775 |
| Other Employee Benefits | $41,295 | $17,399 | - | $58,694 |
| Payroll Taxes | $44,816 | $13,149 | - | $57,965 |
| Pension Plan Contributions | $43,334 | $11,246 | - | $54,580 |
| Occupancy | $17,668 | $23,169 | - | $40,837 |
| Conferences and Meetings | $29,246 | $4,362 | - | $33,608 |
| All Other Expenses | $168,132 | $-145,794 | - | $22,338 |
| Other Expenses | $9,925 | $6,806 | - | $16,731 |
| Fees for Services Accounting | $3,000 | $12,500 | - | $15,500 |
| Advertising | $13,232 | $1,547 | - | $14,779 |
| Fees for Services Legal | $10,291 | $2,875 | - | $13,166 |
| Office Expenses | $10,685 | $2,137 | - | $12,822 |
| Travel | $10,741 | $517 | - | $11,258 |
| Insurance | $290 | $4,760 | - | $5,050 |
| Depreciation Depletion | - | $2,059 | - | $2,059 |
| Total Functional Expenses | $1,002,579 | $124,987 | $0 | $1,127,566 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,127,566 |
| Total Expenses per Audited Statements | $1,127,566 |
| Total Expenses per Form 990 | $1,127,566 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Funding Source | $352,852 |
“The audited financial statement is reviewed with management, including the chairman and treasurer. Upon satisfactory completion of the review, the form 990 is reviewed by manangement and signed by the treasurer.”
“All officers & directors are required to sign written conflict of interest declarations which are reviewed by the board.”
“Annually, in december, the executive director submits a compensation report to the personnel committee for their review and approval. The personnel committee then confers. The executive director is informed of the decision and he then informs the staff. The personnel committee chair notifies the board that action has been completed, and upon request will provide detail.”
“Annually, in december, the executive director submits a compensation report for all emloyees to the personnel committee for their review and approval. The personnel committee then confers. The executive director is informed of the decision and he then informs the staff. The personnel committee chair notifies the board that action has been completed, and upon request will provide detail.”
“The governing documents of the organization are made available to the public upon request.”
“Vision: secter is the lead regional economic development resource, stimulating growth and prosperity in southeastern connecticut mission: making southeastern connecticut stronger and more vibrant by 2030 values: secter believes: -in supporting and making our clients and communities successful -our board and staff are reflective of the clients we serve -in valuing our employees and rewarding integrity, teamwork innovation, and excellence -in collaborating with and being responsive to clients and partners -in being accountable fiscally and professionally to all stakeholders -in advocating for our clients, our services, and our community -in diversity and inclusiveness”
“Expenses incurred to update the comprehensive economic development strategy.”
“The internal revenue service has determined that secter is exempt from federal income taxes on exempt function income as a public charity under section 501(c)(3) of the internal revenue code. Consequently, no provision for income taxes has been made in the accompanying financial statements. Secter did not recognize any liability for uncertain tax positions as defined by accounting principles generally accepted in the united states of america.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 53412 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 66887 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 130470 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 101719 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | VISION: SECTER IS THE LEAD REGIONAL ECONOMIC DEVELOPMENT RESOURCE, STIMULATING GROWTH AND PROSPERITY IN SOUTHEASTERN CONNECTICUT MISSION: MAKING SOUTHEASTERN CONNECTICUT STRONGER AND MORE VIBRANT BY 2030 VALUES: SECTER BELIEVES: -IN SUPPORTING AND MAKING OUR CLIENTS AND COMMUNITIES SUCCESSFUL -OUR BOARD AND STAFF ARE REFLECTIVE OF THE CLIENTS WE SERVE -IN VALUING OUR EMPLOYEES AND REWARDING INTEGRITY, TEAMWORK INNOVATION, AND EXCELLENCE -IN COLLABORATING WITH AND BEING RESPONSIVE TO CLIENTS AND PARTNERS -IN BEING ACCOUNTABLE FISCALLY AND PROFESSIONALLY TO ALL STAKEHOLDERS -IN ADVOCATING FOR OUR CLIENTS, OUR SERVICES, AND OUR COMMUNITY -IN DIVERSITY AND INCLUSIVENESS |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 1547 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 13232 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 14779 |
| IRS990/AllOtherContributionsAmt | 0 | 117167 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | -145794 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 168132 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 22338 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | NANCY COWSER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8604374659 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 19 THAMES STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | GROTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CT |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 06340 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 108062 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 288133 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 130775 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 130775 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 4362 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 29246 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 33608 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 827319 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 243420 |
| IRS990/CYOtherExpensesAmt | 0 | 266258 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 56966 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 139 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 861308 |
| IRS990/CYTotalExpensesAmt | 0 | 1127566 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1127705 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 50202 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 44675 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 2059 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2059 |
| IRS990/Desc | 0 | EXPENSES DIRECTLY INCURRED IN CONNECTION WITH THE PROCUREMENT TECHNICAL ASSISTANCE CENTER PROGRAM |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 12 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 681781 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 12500 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 3000 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 15500 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 2875 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 10291 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 13166 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 17 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 18 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 19 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 20 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 21 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 22 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 23 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 24 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 25 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 26 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 15 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 16 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 17 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 18 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 19 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 20 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 21 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 22 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 23 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 24 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 25 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 26 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 23 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 24 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 25 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 26 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | CHARLES SEEMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MICHAEL CAREY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | RICHARD ERICKSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ED DOMBROSKAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JAMES BUTLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | SUSAN ADAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JOHN BEAUREGARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | ROBERT CONGDON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | PAUL FORMICA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | GARY GOESCHEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | AYANTI GRANT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | DAVID HAMMOND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | THAYNE HUTCHINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | RONALD MCDANIEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | ROBERT MILLS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | MARIA MIRANDA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | ERNEST MUCCIO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | SEAN NUGENT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | MARK R OEFINGER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | NAOMI OTTERNESS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | TODD POSTLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | JOHN W BILL SHEEHAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 22 | TONY SHERIDAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 23 | DONNA SIMPSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 24 | GABRIEL STERN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 25 | ZACHARY TOMBLIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 26 | PATRICIA PAESANI |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 23 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 24 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 25 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 26 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 23 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 24 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 25 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 26 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | RETIRED PRES |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | 2ND VICE CHA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | 1ST VICE CHA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 23 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 24 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 25 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 26 | BOARD MEMBER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1987 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 27 |
| IRS990/GovernmentGrantsAmt | 0 | 710152 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1127705 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 27 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 4760 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 290 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 5050 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 9618 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 233802 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 243420 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 1988307 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 1454498 |
| IRS990/IRPDocumentCnt | 0 | 11 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 248393 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 16707 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 14648 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 263041 |
| IRS990/LegalDomicileStateCd | 0 | CT |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | VISION: SECTER IS THE LEAD REGIONAL ECONOMIC DEVELOPMENT RESOURCE, STIMULATING GROWTH AND PROSPERITY IN SOUTHEASTERN CONNECTICUT MISSION: MAKING SOUTHEASTERN CONNECTICUT STRONGER AND MORE VIBRANT BY 2030 VALUES: SECTER BELIEVES: -IN SUPPORTING AND MAKING OUR CLIENTS AND COMMUNITIES SUCCESSFUL -OUR BOARD AND STAFF ARE REFLECTIVE OF THE CLIENTS WE SERVE -IN VALUING OUR EMPLOYEES AND REWARDING INTEGRITY, TEAMWORK INNOVATION, AND EXCELLENCE -IN COLLABORATING WITH AND BEING RESPONSIVE TO CLIENTS AND PARTNERS -IN BEING ACCOUNTABLE FISCALLY AND PROFESSIONALLY TO ALL STAKEHOLDERS -IN ADVOCATING FOR OUR CLIENTS, OUR SERVICES, AND OUR COMMUNITY -IN DIVERSITY AND INCLUSIVENESS |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 6535792 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 6535931 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 23169 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 17668 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 40837 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2137 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 10685 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 12822 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 17399 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 41295 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 58694 |
| IRS990/OtherExpensesGrp/Desc | 0 | CONTRACTUAL FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | EQUIPMENT RENTAL & MAINT. |
| IRS990/OtherExpensesGrp/Desc | 2 | COLLECTION EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 3 | DUES & SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 8738 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 6622 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 325 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 6806 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 22021 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 21820 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 18584 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 9925 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 30759 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 28442 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 18909 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 16731 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 664259 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 352852 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 21795 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 537499 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 559294 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 4859659 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 4810432 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 13149 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 44816 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 57965 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 11246 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 43334 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 54580 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 26066 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 53152 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 16394 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 17519 |
| IRS990/PrincipalOfficerNm | 0 | MICHAEL CAREY |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN COMMITMENT/SERVICE FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 56966 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 56966 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | EXPENSES DIRECTLY INCURRED IN CONNECTION WITH THE REVOLVING LOAN FUND GRANT PROGRAM. LOANS ARE MADE TO SOUTHEASTERN CT BUSINESSES TO PROMOTE JOB GROWTH IN THE AREA. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 148913 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | OTHER LOAN PROGRAMS TO HELP STIMULATE ECONOMIC GROWTH |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 31498 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | EXPENSES INCURRED TO UPDATE THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY. |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 140387 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 776806 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 252724 |
| IRS990/PYOtherExpensesAmt | 0 | 296330 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 100865 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 25814 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 808251 |
| IRS990/PYTotalExpensesAmt | 0 | 1104581 |
| IRS990/PYTotalRevenueAmt | 0 | 1130395 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.