Civic Intelligence

Connecticut Hedge Fund Association

990EZ • Fiscal year 2020 • EIN 42-1646868

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 22, 2022

Organization Profilewww.cthedge.org
16 Rocaton RoadDarien, CT 06820

(203) 662-0088

Siviq Scores

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

Liabilities / Assets

86th percentile

0.34x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

1.15x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

1st percentile

-640%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

4th percentile

-61%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-95%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$11,408

Down $17,845 (-61%) from 2019

Net Assets

Down

$7,483

Down $21,770 (-74%) from 2019

Liabilities

Up

$3,925

Up $3,925 from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin1st percentile

Revenue

Down

$3,400

Down $62,251 (-95%) from 2019

Expenses

Down

$25,170

Down $71,504 (-74%) from 2019

Net Income

Up

-$21,770

Up $9,253 (+30%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$150K$100K$50K$0-$50KAssets 2011: $29,632Liabilities 2011: $02011Assets 2012: $8,304Liabilities 2012: $02012Assets 2013: $36,219Liabilities 2013: $0Net Assets 2013: $36,2192013Assets 2014: $63,811Liabilities 2014: $0Net Assets 2014: $63,8112014Assets 2015: $89,885Liabilities 2015: $0Net Assets 2015: $89,8852015Assets 2016: $102,536Liabilities 2016: $0Net Assets 2016: $102,5362016Assets 2017: $64,742Liabilities 2017: $0Net Assets 2017: $64,7422017Assets 2018: $60,276Liabilities 2018: $0Net Assets 2018: $60,2762018Assets 2019: $29,253Liabilities 2019: $0Net Assets 2019: $29,2532019Assets 2020: $11,408Liabilities 2020: $3,925Net Assets 2020: $7,4832020Assets 2021: $4,741Liabilities 2021: $11,195Net Assets 2021: -$6,4542021

Highlighted filing

2020

Assets$11,408
Liabilities$3,925
Net Assets$7,483
Open 2020 Filing

Operations Trend

Revenue Growth2nd percentile

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

$200K$100K$0-$100KRevenue 2011: $186,820Expenses 2011: $177,867Net Income 2011: $8,9532011Revenue 2012: $73,299Expenses 2012: $94,627Net Income 2012: -$21,3282012Revenue 2013: $123,510Expenses 2013: $95,595Net Income 2013: $27,9152013Revenue 2014: $133,624Expenses 2014: $106,032Net Income 2014: $27,5922014Revenue 2015: $127,851Expenses 2015: $101,777Net Income 2015: $26,0742015Revenue 2016: $109,960Expenses 2016: $97,309Net Income 2016: $12,6512016Revenue 2017: $95,538Expenses 2017: $133,332Net Income 2017: -$37,7942017Revenue 2018: $115,202Expenses 2018: $119,668Net Income 2018: -$4,4662018Revenue 2019: $65,651Expenses 2019: $96,674Net Income 2019: -$31,0232019Revenue 2020: $3,400Expenses 2020: $25,170Net Income 2020: -$21,7702020Revenue 2021: $3,700Expenses 2021: $17,637Net Income 2021: -$13,9372021

Highlighted filing

2020

Revenue$3,400
Expenses$25,170
Net Income-$21,770
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 22, 2022
Return Version
2020v4.0
Gross Receipts
$3,400
Mission and Program Overview

Mission

The primary exempt purpose of the organization is to promote a favorable business climate for hedge funds operating within Connecticut and to provide networking and educational forums to all industry participants.

Program Services

DescriptionGrantsExpenses
CTHFA hosted one webinar in 2020 to raise funds to help the state of CT acquire PPE during the pandemic-$3,000
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce McGuirePresident And DirectorPT$0--
Christopher EdgarVice President And Director-$0--
Kevin A EdwardsTreasurer And Director-$0--
David A BurkeDirector-$0--
Matthew S EisenbergDirector-$0--
Filing and Contact Details

Filer

Filer Name
Connecticut Hedge Fund Association
EIN
42-1646868
Phone
2036620088
Address
16 Rocaton Road, Darien, CT 06820

Signing Officer

Name
Bruce McGuire
Title
President
Phone
2036620088
Signed
2022-04-22
Discuss with paid preparer
Yes

Preparer

Firm
Erik Krieg
Address
28 Linden Drive, Walden, NY 12586
Preparer
Erik Krieg
Phone
9142220881
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Email Hosting;509|Advertising and Marketing;1459|Software Expense;10878|Insurance;3154|Dues and Subscriptions;905|Interest Expense;134|Bank Service Charges;61|Donations;1035|Credit Card Fees;1426|Postage and Delivery;65|Office Expenses;2570^Total;22196^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^American Express CC;3925^Total;3925^”

Raw XML Appendix144 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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IRS990EZ/BooksInCareOfDetail/PersonNm0Bruce McGuire
IRS990EZ/BooksInCareOfDetail/PhoneNum02036620088
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt016 Rocaton Road
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Darien
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd006820
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IRS990EZ/ExcessOrDeficitForYearAmt0-21770
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IRS990EZ/Form990TotalAssetsGrp/BOYAmt029253
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IRS990EZ/FundraisingGrossIncomeAmt00
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IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt03400
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IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Bruce McGuire
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Christopher Edgar
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Kevin A Edwards
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3David A Burke
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Matthew S Eisenberg
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President and Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President and Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer and Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt022196
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0The primary exempt purpose of the organization is to promote a favorable business climate for hedge funds operating within Connecticut and to provide networking and educational forums to all industry participants.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CTHFA hosted one webinar in 2020 to raise funds to help the state of CT acquire PPE during the pandemic
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt03000
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CT
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03925
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt025170
IRS990EZ/TotalProgramServiceExpensesAmt03000
IRS990EZ/TotalRevenueAmt03400
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990EZ/WebsiteAddressTxt0www.cthedge.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Email Hosting;509|Advertising and Marketing;1459|Software Expense;10878|Insurance;3154|Dues and Subscriptions;905|Interest Expense;134|Bank Service Charges;61|Donations;1035|Credit Card Fees;1426|Postage and Delivery;65|Office Expenses;2570^Total;22196^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^American Express CC;3925^Total;3925^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0Change in board membership lead to a misunderstanding on who would file the Form 990 for the Connecticut Hedge Fund Association. Once the inadvertent error was realized, the organization took immediate action to get the missing form 990's filed.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
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ReturnHeader/BusinessOfficerGrp/PhoneNum02036620088
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CONNECTICUT HEDGE FUND ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0CONN
ReturnHeader/Filer/EIN0421646868
ReturnHeader/Filer/PhoneNum02036620088
ReturnHeader/Filer/USAddress/AddressLine1Txt016 Rocaton Road
ReturnHeader/Filer/USAddress/CityNm0Darien
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Erik Krieg
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt028 Linden Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Walden
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/PhoneNum09142220881
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Erik Krieg
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-04-22T10:29:26-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,408
Liabilities
$3,925
Net assets
$7,483
Revenue
$3,400
Expenses
$25,170
Net income
-$21,770
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.05$0.11$0.06$0.04$0.18$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.11$0.04$0.07$0.03$0.25$0.22
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.66$0.97$0.31
2018Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$1.15$1.20$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.96$1.33$0.38
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$1.10$0.97$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$1.28$1.02$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$1.34$1.06$0.28
2013Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$1.24$0.96$0.28
2012Summary only. Only limited summary data is available for this year.$0.08$0.00$0.73$0.95$0.21
2011Summary only. Only limited summary data is available for this year.$0.30$0.00$1.87$1.78$0.09