Civic Intelligence

Economic Development Corporation of New Haven

EIN 26-1854785 • 501(c)3 • New Haven, CT

Profile

The organization's mission is to create a vibrant business environment in new haven and to serve as a catalyst for attracting human and capital investment to the city and its neighborhoods by retaining and attracting businesses and fostering a positive economic climate. The focus is on economic development in new haven, connecticut.

PO Box 1576New Haven, CT 06506

edcnewhaven.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.71x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

1.54x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$127,844

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 28.2% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

36th percentile

-1.8%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-32%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$986,022

Down $17,699 (-1.8%) from 2023

Liabilities

Up

$700,825

Up $34,018 (+5.1%) from 2023

Net Assets

Down

$285,197

Down $51,717 (-15%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin22nd percentile

Revenue

Down

$453,860

Down $214,257 (-32%) from 2023

Expenses

Down

$505,577

Down $65,288 (-11%) from 2023

Net Income

Down

-$51,717

Down $148,969 (-153%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $4,585,567Liabilities 2011: $653,118Net Assets 2011: $3,932,4492011Assets 2012: $2,987,190Liabilities 2012: $334,019Net Assets 2012: $2,653,1712012Assets 2013: $1,614,175Liabilities 2013: $149,689Net Assets 2013: $1,464,4862013Assets 2014: $850,840Liabilities 2014: $218,350Net Assets 2014: $632,4902014Assets 2015: $318,104Liabilities 2015: $200,541Net Assets 2015: $117,5632015Assets 2016: $279,598Liabilities 2016: $168,503Net Assets 2016: $111,0952016Assets 2017: $614,562Liabilities 2017: $469,013Net Assets 2017: $145,5492017Assets 2018: $741,064Liabilities 2018: $672,212Net Assets 2018: $68,8522018Assets 2019: $2,382,672Liabilities 2019: $1,683,394Net Assets 2019: $699,2782019Assets 2020: $888,723Liabilities 2020: $524,938Net Assets 2020: $363,7852020Assets 2021: $1,820,406Liabilities 2021: $1,621,924Net Assets 2021: $198,4822021Assets 2022: $1,069,144Liabilities 2022: $829,482Net Assets 2022: $239,6622022Assets 2023: $1,003,721Liabilities 2023: $666,807Net Assets 2023: $336,9142023Assets 2024: $986,022Liabilities 2024: $700,825Net Assets 2024: $285,1972024

Highlighted filing

2024

Assets$986,022
Liabilities$700,825
Net Assets$285,197
Open 2024 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2011: $2,861,2672011Expenses 2012: $1,654,9062012Revenue 2013: $787,730Expenses 2013: $1,976,415Net Income 2013: -$1,188,6852013Revenue 2014: $382,482Expenses 2014: $1,214,478Net Income 2014: -$831,9962014Revenue 2015: $470,319Expenses 2015: $985,246Net Income 2015: -$514,9272015Revenue 2016: $898,094Expenses 2016: $904,383Net Income 2016: -$6,2892016Revenue 2017: $954,619Expenses 2017: $920,165Net Income 2017: $34,4542017Revenue 2018: $2,294,710Expenses 2018: $2,241,406Net Income 2018: $53,3042018Revenue 2019: $2,854,763Expenses 2019: $2,224,337Net Income 2019: $630,4262019Revenue 2020: $3,263,176Expenses 2020: $3,598,669Net Income 2020: -$335,4932020Revenue 2021: $2,800,912Expenses 2021: $2,966,215Net Income 2021: -$165,3032021Revenue 2022: $1,745,231Expenses 2022: $1,704,050Net Income 2022: $41,1812022Revenue 2023: $668,117Expenses 2023: $570,865Net Income 2023: $97,2522023Revenue 2024: $453,860Expenses 2024: $505,577Net Income 2024: -$51,7172024

Highlighted filing

2024

Revenue$453,860
Expenses$505,577
Net Income-$51,717
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$986,022
Liabilities
$700,825
Net assets
$285,197
Revenue
$453,860
Expenses
$505,577
Net income
-$51,717
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.70$0.29$0.45$0.51$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.67$0.34$0.67$0.57$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.83$0.24$1.75$1.70$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$1.62$0.20$2.80$2.97$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.52$0.36$3.26$3.60$0.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$1.68$0.70$2.85$2.22$0.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.67$0.07$2.29$2.24$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.47$0.15$0.95$0.92$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.17$0.11$0.90$0.90$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.20$0.12$0.47$0.99$0.51
2014Detailed filing. Detailed filing data is available for this year.$0.85$0.22$0.63$0.38$1.21$0.83
2013Detailed filing. Detailed filing data is available for this year.$1.61$0.15$1.46$0.79$1.98$1.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$0.33$2.65$1.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.59$0.65$3.93$2.86
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$453,860
Mission and Program Overview

Mission

The organization's mission is to create a vibrant business environment in new haven and to serve as a catalyst for attracting human and capital investment to the city and its neighborhoods by retaining and attracting businesses and fostering a positive economic climate. The focus is on economic development in new haven, connecticut.

The Organization's mission is to create a vibrant business environment in New Haven, Connecticut and to serve as a catalyst for attracting human and capital investment to the city and its neighborhoods by retaining and attracting businesses and fostering a positive economic climate.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$824,824$834,191▲ $9,367
Savings and Temporary Cash Investments$126,764$111,395▼ $15,369
Accounts Receivable$46,632$33,340▼ $13,292
Prepaid Expenses and Deferred Charges$3,181$4,519▲ $1,338
Land, Buildings, and Equipment, Net$2,320$2,577▲ $257
Total Assets$1,003,721$986,022▼ $17,699
Liabilities
Deferred Revenue$637,470$672,235▲ $34,765
Accounts Payable and Accrued Expenses$29,337$28,590▼ $747
Total Liabilities$666,807$700,825▲ $34,018
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$336,914$285,197▼ $51,717
Total Net Assets Fund Balance$336,914$285,197▼ $51,717
Total Liabilities and Net Assets / Fund Balance$1,003,721$986,022▼ $17,699

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,577$3,478$6,055
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleBaseTotal
Michael PiscitelliAdministrator$127,844$127,844

Board Members and Trustees

NameTitle
Shelly SaczynskiChairperson
Virginia KozlowskiChief Executive Officer
Mayor Justin ElickerMember
Laura BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$239,600
Program Service Revenue
$214,244
Investment Income
$16
Other Revenue
$0
All Other Contributions
$239,600
Change in Net Assets
$-51,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$368,203
Other Expenses$137,374
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$231,235$77,078-$308,313
Fees for Services Other$38,366$12,525-$50,891
Other Employee Benefits$22,729$7,576-$30,305
Payroll Taxes$22,189$7,396-$29,585
Occupancy$16,207$5,402-$21,609
Conferences and Meetings$9,559$3,186-$12,745
Insurance$9,164$3,055-$12,219
Information Technology$7,591$2,530-$10,121
Advertising$4,667$1,555-$6,222
Office Expenses$3,941$1,313-$5,254
Depreciation Depletion$764$255-$1,019
Other Expenses$716$239-$955
All Other Expenses$581$194-$775
Total Functional Expenses$379,382$126,195$0$505,577
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Virginia KozlowskiThis individual is also the Executive Director of South Central ConnecticutThe two Organizations share office space, website expenses and management.No$214,244
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The Board reviews the Form 990 before it is filed.”

Form 990, Part VI, Section B, line 12C

“All board members are required to disclose in writing all conflicts that exist at the beginning of each fiscal year.”

Form 990, Part VI, Section B, line 15

“All employees compensation is reviewed annually by the Board and any payroll increases are documented using current data.”

Form 990, Part VI, Section C, line 19

“All applicable documents will be available upon request.”

Filing and Contact Details

Filer

Filer Name
Economic Development Corporation of New
EIN
26-1854785
Phone
2037851000
Address
PO Box 1576, New Haven, CT 06506

Signing Officer

Name
Virginia Kozlowski
Title
President
Phone
2037851000
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Virginia Kozlowski
Formed
2008
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
0

Preparer

Firm
Michael J Paolini CPA
Address
174 Cherry Street, Milford, CT 06460
Phone
2038760445
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Consultants: Program service expenses 37200. Management and general expenses 12400. Fundraising expenses 0. Total expenses 49600. Payroll Processing: Program service expenses 203. Management and general expenses 68. Fundraising expenses 0. Total expenses 271. Merchant Services: Program service expenses 173. Management and general expenses 57. Fundraising expenses 0. Total expenses 230. Development Supplies: Program service expenses 790. Management and general expenses 0. Fundraising expenses 0. Total expenses 790.”

Financial Statement Notes

Part X, Line 2:

“The Organization is a not-for-profit corporation exempt from federal income taxes under Section 501(c) (3) of the Internal Revenue Code. On January 1, 2009, the Organization adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely than not be sustained upon examination by taxing authorities. The Organization has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. The Organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in material adverse effects on the Organization's financial condition, results of operations or cash flows. Accordingly, the Organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions as of December 31, 2024. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Organization believes it is no longer subject to income tax examinations for years prior to 2017. The Organization's policy is to classify income tax related interest and penalties in interest expense and other expenses, respectively.”

Raw XML AppendixShowing 400 of 444 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum02037851000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 1576
IRS990/BooksInCareOfDetail/USAddress/CityNm0New Haven
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
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IRS990/CYInvestmentIncomeAmt016
IRS990/CYOtherExpensesAmt0137374
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0214244
IRS990/CYRevenuesLessExpensesAmt0-51717
IRS990/CYSalariesCompEmpBnftPaidAmt0368203
IRS990/CYTotalExpensesAmt0505577
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IRS990/CYTotalRevenueAmt0453860
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IRS990/DepreciationDepletionGrp/TotalAmt01019
IRS990/Desc0The Organization works to attract new and maintain current businesses in the city of New Haven, Connecticut including a medical district, housings project, small business initiatives, support of a bioscience initiative, redevelopment of the Coliseum site along with other projects.
IRS990/DescribedInSection501c3Ind01
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IRS990/EmployeeCnt04
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/PersonNm0Virginia Kozlowski
IRS990/Form990PartVIISectionAGrp/PersonNm1Shelly Saczynski
IRS990/Form990PartVIISectionAGrp/PersonNm2Laura Brown
IRS990/Form990PartVIISectionAGrp/PersonNm3Mayor Justin Elicker
IRS990/Form990PartVIISectionAGrp/PersonNm4Michael Piscitelli
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Administrator
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt077078
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0231235
IRS990/OtherSalariesAndWagesGrp/TotalAmt0308313
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07396
IRS990/PayrollTaxesGrp/ProgramServicesAmt022189
IRS990/PayrollTaxesGrp/TotalAmt029585
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03181
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04519
IRS990/PrincipalOfficerNm0Virginia Kozlowski
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/Desc0Economic Development S
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0214244
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0214244
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0449567
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt064050
IRS990/PYInvestmentIncomeAmt028
IRS990/PYOtherExpensesAmt0122274
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0218522
IRS990/PYRevenuesLessExpensesAmt097252
IRS990/PYSalariesCompEmpBnftPaidAmt0384541
IRS990/PYTotalExpensesAmt0570865
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0668117
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-51717
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0214260
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0126764
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0111395
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0239600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0449567
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01351756
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02157548
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt02426848
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06625319
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt028
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt076
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0229
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0214244
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0218522
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0393417
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0643201
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0621179
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02090563
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt028
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt058
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0229
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0215072
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0215072
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97590
IRS990ScheduleA/PublicSupportPY509Pct00.97890
IRS990ScheduleA/PublicSupportTotal509Amt08715882
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0453844
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0668089
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01745173
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02800749
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03048027
IRS990ScheduleA/Total509Grp/TotalAmt08715882
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0453860
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0668117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01745231
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02800800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03263175
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08931183
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02577
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03478
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06055
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is a not-for-profit corporation exempt from federal income taxes under Section 501(c) (3) of the Internal Revenue Code. On January 1, 2009, the Organization adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely than not be sustained upon examination by taxing authorities. The Organization has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. The Organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in material adverse effects on the Organization's financial condition, results of operations or cash flows. Accordingly, the Organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions as of December 31, 2024. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Organization believes it is no longer subject to income tax examinations for years prior to 2017. The Organization's policy is to classify income tax related interest and penalties in interest expense and other expenses, respectively.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02577
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Virginia Kozlowski
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0This individual is also the Executive Director of South Central Connecticut
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0214244
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0The two Organizations share office space, website expenses and management.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board reviews the Form 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members are required to disclose in writing all conflicts that exist at the beginning of each fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All employees compensation is reviewed annually by the Board and any payroll increases are documented using current data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All applicable documents will be available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Consultants: Program service expenses 37200. Management and general expenses 12400. Fundraising expenses 0. Total expenses 49600. Payroll Processing: Program service expenses 203. Management and general expenses 68. Fundraising expenses 0. Total expenses 271. Merchant Services: Program service expenses 173. Management and general expenses 57. Fundraising expenses 0. Total expenses 230. Development Supplies: Program service expenses 790. Management and general expenses 0. Fundraising expenses 0. Total expenses 790.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0South Central CT Regional Economic Development Corp REX Development
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0061455545
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0To Promote Economic Development in the South Central Region of Connecticut.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt028 Orange Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0New Haven
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd006510
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt035498
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1178746
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0South Central CT Region Economic Development Corp REX Development
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1South Central CT Region Economic Development Corp REX Development
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01003721
IRS990/TotalAssetsEOYAmt0986022
IRS990/TotalAssetsGrp/BOYAmt01003721
IRS990/TotalAssetsGrp/EOYAmt0986022
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0239600
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0126195
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0379382
IRS990/TotalFunctionalExpensesGrp/TotalAmt0505577
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0666807
IRS990/TotalLiabilitiesEOYAmt0700825
IRS990/TotalLiabilitiesGrp/BOYAmt0666807
IRS990/TotalLiabilitiesGrp/EOYAmt0700825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0336914
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0285197
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0379382
IRS990/TotalProgramServiceRevenueAmt0214244
IRS990/TotalReportableCompFromOrgAmt0127844
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0214260
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0453860
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00

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