Liabilities / Assets
26th percentile
Higher debt load relative to assets than 26% of similar nonprofits.
990 • Fiscal year 2021 • EIN 22-2973506
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
26th percentile
Higher debt load relative to assets than 26% of similar nonprofits.
Liabilities / Revenue
31st percentile
Higher debt load relative to revenue than 31% of similar nonprofits.
Net Margin
82nd percentile
Higher net margin than 82% of similar nonprofits.
Top Officer Pay
68th percentile
Higher top officer pay than 68% of similar nonprofits.
Top officer pay equals 6.2% of source-year revenue.
Asset Growth
59th percentile
Faster asset growth than 59% of similar nonprofits.
Revenue Growth
89th percentile
Faster revenue growth than 89% of similar nonprofits.
Assets
Up$7,847,183
Up $921,971 (+13%) from 2020
Net Assets
Up$7,672,311
Up $1,085,581 (+16%) from 2020
Liabilities
Down$174,872
Down $163,610 (-48%) from 2020
Revenue
Up$2,659,837
Up $1,378,643 (+108%) from 2020
Expenses
Up$1,574,256
Up $314,512 (+25%) from 2020
Net Income
Up$1,085,581
Up $1,064,131 (+4961%) from 2020
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 | $4,161,263 | $4,114,170 | ▼ $47,093 |
| Investments Program Related | $1,640,209 | $2,487,588 | ▲ $847,379 |
| Cash and Non-Interest-Bearing Accounts | $624,610 | $706,707 | ▲ $82,097 |
| Accounts Receivable | $110,215 | $291,090 | ▲ $180,875 |
| Savings and Temporary Cash Investments | $166,639 | $168,794 | ▲ $2,155 |
| Pledges and Grants Receivable | $187,505 | $42,744 | ▼ $144,761 |
| Land, Buildings, and Equipment, Net | $23,337 | $22,187 | ▼ $1,150 |
| Prepaid Expenses and Deferred Charges | $11,434 | $13,903 | ▲ $2,469 |
| Total Assets | $6,925,212 | $7,847,183 | ▲ $921,971 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $70,000 | - | - |
| Other Liabilities | $66,064 | $67,349 | ▲ $1,285 |
| Accounts Payable and Accrued Expenses | $67,464 | $57,523 | ▼ $9,941 |
| Deferred Revenue | $134,954 | $50,000 | ▼ $84,954 |
| Total Liabilities | $338,482 | $174,872 | ▼ $163,610 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $6,182,326 | $7,271,780 | ▲ $1,089,454 |
| Net Assets Without Donor Restrictions | $404,404 | $400,531 | ▼ $3,873 |
| Total Net Assets Fund Balance | $6,586,730 | $7,672,311 | ▲ $1,085,581 |
| Total Liabilities and Net Assets / Fund Balance | $6,925,212 | $7,847,183 | ▲ $921,971 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $22,187 | $252,370 | $274,557 |
| Investment Program Related Org | $2,487,588 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Nancy Cowser | Executive Di | FT | $153,245 | $12,260 | $165,505 |
| Nancy Cowser | Executive Director | - | $153,245 | $12,260 | $165,505 |
| Name | Title |
|---|---|
| Mark R Oefinger | Chair |
| Ayanti Grant | Board Member |
| David Hammond | Board Member |
| Ed Dombroskas | Board Member |
| Ernest Muccio | Board Member |
| Felix Reyes | Board Member |
| Gabriel Stern | Board Member |
| Gary Goeschel Ii | Board Member |
| Holly Cheeseman | Board Member |
| Maria Hanna | Board Member |
| Maria Miranda | Board Member |
| Mark Hill | Board Member |
| Naomi Otterness | Board Member |
| Paul Formica | Board Member |
| Robert Congdon | Board Member |
| Ronald Mcdaniel | Board Member |
| Susan Adams | Board Member |
| Thayne Hutchins | Board Member |
| Tony Sheridan | Board Member |
| Wendy Bury | Board Member |
| Sean Nugent | 1st Vice CHA |
| Chris Jewell | 2nd Vice CHA |
| Michael Carey | Immediate Pa |
| Donna Simpson | Secretary |
| Charles Seeman | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,053,359 |
| Other Expenses | $520,897 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $630,115 | $31,397 | - | $661,512 |
| Current Officers, Directors, Trustees, and Key Employees | $153,245 | - | - | $153,245 |
| Other Employee Benefits | $89,160 | $9,656 | - | $98,816 |
| Payroll Taxes | $70,569 | $3,006 | - | $73,575 |
| Pension Plan Contributions | $51,711 | $14,500 | - | $66,211 |
| Office Expenses | $23,687 | $17,478 | - | $41,165 |
| Occupancy | $20,000 | $20,136 | - | $40,136 |
| Advertising | $13,087 | $19,093 | - | $32,180 |
| All Other Expenses | $193,066 | $-165,777 | - | $27,289 |
| Fees for Services Accounting | $8,800 | $7,700 | - | $16,500 |
| Other Expenses | $5,560 | $8,332 | - | $13,892 |
| Conferences and Meetings | - | $12,061 | - | $12,061 |
| Travel | $10,524 | $321 | - | $10,845 |
| Fees for Services Legal | $8,686 | $81 | - | $8,767 |
| Insurance | - | $4,725 | - | $4,725 |
| Depreciation Depletion | - | $1,151 | - | $1,151 |
| Total Functional Expenses | $1,573,055 | $1,201 | $0 | $1,574,256 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $1,574,256 |
| Expenses per Audited Statements | $1,325,318 |
| Total Expenses per Audited Statements | $1,325,318 |
| Expenses Not Reported on Financial Statements | $248,938 |
| Other Expense Adjustments | $248,938 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Funding Source | $67,349 |
“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”
“Allowance for doubtful loans -248,938 allowance for doubtful loans 248,938”
“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”
“Allowance for doubtful loans 248,938”
“Allowance for doubtful loans 248,938”
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 | 67464 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 57523 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 110215 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 291090 |
| 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 | 19093 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 13087 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 32180 |
| IRS990/AllOtherContributionsAmt | 0 | 169203 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | -165777 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 193066 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 27289 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | CARRIE PRAEGER |
| 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/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 624610 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 706707 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 153245 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 153245 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 12061 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 12061 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 2397713 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 230050 |
| IRS990/CYOtherExpensesAmt | 0 | 520897 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 32074 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 1085581 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1053359 |
| IRS990/CYTotalExpensesAmt | 0 | 1574256 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2659837 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 134954 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 50000 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 1151 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1151 |
| 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/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 6182326 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 7271780 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 13 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 693530 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 7700 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 8800 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 16500 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 81 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 8686 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 8767 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 17 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 18 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 19 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 20 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 21 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 22 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 23 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 24 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 25 | 2.00 |
| 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/KeyEmployeeInd | 0 | 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 | 12260 |
| 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/PersonNm | 0 | NANCY COWSER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | SUSAN ADAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | WENDY BURY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MICHAEL CAREY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ROBERT CONGDON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | HOLLY CHEESEMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ED DOMBROSKAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | PAUL FORMICA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | AYANTI GRANT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | DAVID HAMMOND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | MARIA HANNA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | THAYNE HUTCHINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | MARK HILL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | GARY GOESCHEL II |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | CHRIS JEWELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | RONALD MCDANIEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | MARIA MIRANDA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | ERNEST MUCCIO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | SEAN NUGENT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | MARK R OEFINGER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | NAOMI OTTERNESS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | FELIX REYES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 22 | CHARLES SEEMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 23 | TONY SHERIDAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 24 | DONNA SIMPSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 25 | GABRIEL STERN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 153245 |
| 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/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/TitleTxt | 0 | EXECUTIVE DI |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | IMMEDIATE PA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| 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 | 2ND VICE CHA |
| 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 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 23 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 24 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 25 | 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 | 25 |
| IRS990/GovernmentGrantsAmt | 0 | 2228510 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 2659837 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 25 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 4725 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4725 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 2799 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 227251 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 230050 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 1640209 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 2487588 |
| IRS990/IRPDocumentCnt | 0 | 13 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 252370 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 23337 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 22187 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 274557 |
| 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 | 6586730 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 7672311 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 404404 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 400531 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 20136 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 20000 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 40136 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 17478 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 23687 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 41165 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 9656 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 89160 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 98816 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBTS LOANS |
| IRS990/OtherExpensesGrp/Desc | 1 | CONTRACTUAL FEES |
| IRS990/OtherExpensesGrp/Desc | 2 | DUES & SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 3 | TELEPHONE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 13279 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 4062 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 8332 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 248938 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 19485 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 26422 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 5560 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 248938 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 32764 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 30484 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 13892 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 66064 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 67349 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 31397 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 630115 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 661512 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 4161263 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 4114170 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 3006 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 70569 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 73575 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 14500 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 51711 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 66211 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 187505 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 42744 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 11434 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 13903 |
| IRS990/PrincipalOfficerNm | 0 | MARK R OEFINGER |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN COMMITMENT/SERVICE FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 32074 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 32074 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | EXPENSES DIRECTLY INCURRED IN CONNECTION WITH THE REVOLVING LOAN FUND PROGRAMS. LOANS ARE MADE TO SOUTHEASTERN CT BUSINESSES TO PROMOTE JOB GROWTH IN THE AREA. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 492155 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | EXPENSES INCURRED TO UPDATE THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 387370 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 974322 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 269907 |
| IRS990/PYOtherExpensesAmt | 0 | 302210 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 36965 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 21450 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 957534 |
| IRS990/PYTotalExpensesAmt | 0 | 1259744 |
| IRS990/PYTotalRevenueAmt | 0 | 1281194 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1085581 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.