Liabilities / Assets
29th percentile
Higher debt load relative to assets than 29% of similar nonprofits.
990 • Fiscal year 2022 • EIN 22-2973506
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
29th percentile
Higher debt load relative to assets than 29% of similar nonprofits.
Liabilities / Revenue
41st percentile
Higher debt load relative to revenue than 41% of similar nonprofits.
Net Margin
80th percentile
Higher net margin than 80% of similar nonprofits.
Top Officer Pay
22nd percentile
Higher top officer pay than 22% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
70th percentile
Faster asset growth than 70% of similar nonprofits.
Revenue Growth
27th percentile
Faster revenue growth than 27% of similar nonprofits.
Assets
Up$8,675,526
Up $828,343 (+11%) from 2021
Net Assets
Up$8,415,842
Up $743,531 (+9.7%) from 2021
Liabilities
Up$259,684
Up $84,812 (+48%) from 2021
Revenue
Down$2,397,817
Down $262,020 (-9.9%) from 2021
Expenses
Up$1,654,286
Up $80,030 (+5.1%) from 2021
Net Income
Down$743,531
Down $342,050 (-32%) from 2021
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 | $4,114,170 | $4,082,351 | ▼ $31,819 |
| Investments Program Related | $2,487,588 | $3,893,730 | ▲ $1,406,142 |
| Accounts Receivable | $291,090 | $214,569 | ▼ $76,521 |
| Savings and Temporary Cash Investments | $168,794 | $169,384 | ▲ $590 |
| Pledges and Grants Receivable | $42,744 | $159,958 | ▲ $117,214 |
| Cash and Non-Interest-Bearing Accounts | $706,707 | $139,552 | ▼ $567,155 |
| Prepaid Expenses and Deferred Charges | $13,903 | $10,405 | ▼ $3,498 |
| Land, Buildings, and Equipment, Net | $22,187 | $5,577 | ▼ $16,610 |
| Total Assets | $7,847,183 | $8,675,526 | ▲ $828,343 |
| Liabilities | |||
| Deferred Revenue | $50,000 | $139,145 | ▲ $89,145 |
| Other Liabilities | $67,349 | $67,148 | ▼ $201 |
| Accounts Payable and Accrued Expenses | $57,523 | $53,391 | ▼ $4,132 |
| Total Liabilities | $174,872 | $259,684 | ▲ $84,812 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $7,271,780 | $8,145,464 | ▲ $873,684 |
| Net Assets Without Donor Restrictions | $400,531 | $270,378 | ▼ $130,153 |
| Total Net Assets Fund Balance | $7,672,311 | $8,415,842 | ▲ $743,531 |
| Total Liabilities and Net Assets / Fund Balance | $7,847,183 | $8,675,526 | ▲ $828,343 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $5,577 | $35,972 | $41,549 |
| Investment Program Related Org | $3,893,730 | - | - |
| Name | Title |
|---|---|
| Mark R Oefinger | Chair |
| Amanda Kennedy | Board Member |
| Ayanti Grant | Board Member |
| Cathy Young | Board Member |
| David Hammond | Board Member |
| Ernest Muccio | Board Member |
| Felix Reyes | Board Member |
| Gabriel Stern | Board Member |
| Holly Cheeseman | Board Member |
| Kevin Brown | Board Member |
| Maria Hanna | Board Member |
| Maria Miranda | Board Member |
| Mark Hill | Board Member |
| Naomi Otterness | Board Member |
| Paige Bronk | 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 |
| Sean Nugent | 1st Vice CHA |
| Wendy Bury | 2nd Vice CHA |
| Michael Carey | Immediate Pa |
| Donna Simpson | Secretary |
| Charles Seeman | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,089,240 |
| Other Expenses | $565,046 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $686,356 | $77,969 | - | $764,325 |
| Current Officers, Directors, Trustees, and Key Employees | $112,831 | - | - | $112,831 |
| Payroll Taxes | $73,983 | $7,490 | - | $81,473 |
| Pension Plan Contributions | $67,553 | $5,845 | - | $73,398 |
| Office Expenses | $25,138 | $36,424 | - | $61,562 |
| Other Employee Benefits | $48,820 | $8,393 | - | $57,213 |
| Occupancy | $12,000 | $30,579 | - | $42,579 |
| All Other Expenses | $223,111 | $-187,308 | - | $35,803 |
| Travel | $32,347 | - | - | $32,347 |
| Advertising | $30,490 | $1,855 | - | $32,345 |
| Other Expenses | $16,997 | $2,330 | - | $19,327 |
| Fees for Services Accounting | $5,000 | $11,500 | - | $16,500 |
| Fees for Services Legal | $4,851 | $1,764 | - | $6,615 |
| Insurance | - | $4,817 | - | $4,817 |
| Conferences and Meetings | $758 | $3,122 | - | $3,880 |
| Depreciation Depletion | - | $1,645 | - | $1,645 |
| Total Functional Expenses | $1,619,839 | $34,447 | $0 | $1,654,286 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $1,654,286 |
| Total Expenses per Audited Statements | $1,536,120 |
| Expenses per Audited Statements | $1,521,156 |
| Expenses Not Reported on Financial Statements | $133,130 |
| Other Expense Adjustments | $133,130 |
| Expenses Not Reported on Form 990 | $14,964 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Funding Source | $67,148 |
“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”
“Loss on disposal of fixed assets 14,964 allowance for doubtful loans -133,130 loss on disposal of fixed assets -14,964 allowance for doubtful loans 133,130”
“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.”
“Loss on disposal of fixed assets 14,964”
“Allowance for doubtful loans 133,130”
“Loss on disposal of fixed assets 14,964”
“Allowance for doubtful loans 133,130”
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 | 57523 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 53391 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 291090 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 214569 |
| 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 | 1855 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 30490 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 32345 |
| IRS990/AllOtherContributionsAmt | 0 | 100623 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | -187308 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 223111 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 35803 |
| 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 | 706707 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 139552 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 112831 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 112831 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 3122 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 758 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 3880 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 2174252 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 196922 |
| IRS990/CYOtherExpensesAmt | 0 | 565046 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 26643 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 743531 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1089240 |
| IRS990/CYTotalExpensesAmt | 0 | 1654286 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2397817 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 50000 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 139145 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 1645 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1645 |
| 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 | 7271780 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 8145464 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 16 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 806629 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 11500 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 5000 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 16500 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 1764 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 4851 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6615 |
| 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/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/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/PersonNm | 0 | SUSAN ADAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | PAIGE BRONK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KEVIN BROWN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | WENDY BURY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MICHAEL CAREY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ROBERT CONGDON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | HOLLY CHEESEMAN |
| 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 | AMANDA KENNEDY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | RONALD MCDANIEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | ERNEST MUCCIO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | MARIA MIRANDA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | SEAN NUGENT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | MARK R OEFINGER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | NAOMI OTTERNESS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | FELIX REYES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | CHARLES SEEMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 22 | TONY SHERIDAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 23 | DONNA SIMPSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 24 | GABRIEL STERN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 25 | CATHY YOUNG |
| 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/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 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | 2ND VICE CHA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | IMMEDIATE PA |
| 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 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | 1ST VICE CHA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 23 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 24 | BOARD MEMBER |
| 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/GainOrLossGrp/OtherAmt | 0 | -14964 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 26 |
| IRS990/GovernmentGrantsAmt | 0 | 2073629 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 2412781 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 26 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 4817 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4817 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 1152 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 210734 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 211886 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 2487588 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 3893730 |
| IRS990/IRPDocumentCnt | 0 | 13 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 35972 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 22187 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 5577 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 41549 |
| IRS990/LegalDomicileStateCd | 0 | CT |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 14964 |
| 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 | 7672311 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 8415842 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -14964 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -14964 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 400531 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 270378 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 30579 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 12000 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 42579 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 36424 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 25138 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 61562 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 8393 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 48820 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 57213 |
| IRS990/OtherExpensesGrp/Desc | 0 | CONTRACTUAL FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | BAD DEBTS LOANS |
| IRS990/OtherExpensesGrp/Desc | 2 | TRAINING |
| IRS990/OtherExpensesGrp/Desc | 3 | DUES & SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 27914 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 108 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 2330 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 126509 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 133130 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 19965 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 16997 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 154423 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 133130 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 20073 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 19327 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 67349 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 67148 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 77969 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 686356 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 764325 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 4114170 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 4082351 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 7490 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 73983 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 81473 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 5845 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 67553 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 73398 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 42744 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 159958 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 13903 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 10405 |
| IRS990/PrincipalOfficerNm | 0 | MARK R OEFINGER |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN COMMITMENT/SERVICE FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 26643 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 26643 |
| 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 | 541690 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | EXPENSES INCURRED TO UPDATE THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 271520 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 2397713 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 230050 |
| IRS990/PYOtherExpensesAmt | 0 | 520897 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 32074 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 1085581 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1053359 |
| IRS990/PYTotalExpensesAmt | 0 | 1574256 |
| IRS990/PYTotalRevenueAmt | 0 | 2659837 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 743531 |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.