Civic Intelligence

Connecticut Center for Arts & Technology Inc.

990 • Fiscal year 2017 • EIN 45-1257955

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 11, 2018

4 Science ParkNew Haven, CT 06511

(203) 823-9823

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.65x

Higher debt load relative to assets than 82% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

1.89x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

7th percentile

-37%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

56th percentile

$132,473

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

45th percentile

2.5%

Faster asset growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-44%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$5,333,011

Up $129,760 (+2.5%) from 2016

Net Assets

Down

$1,856,239

Down $681,321 (-27%) from 2016

Liabilities

Up

$3,476,772

Up $811,081 (+30%) from 2016

Revenue

Down

$1,841,691

Down $1,445,055 (-44%) from 2016

Expenses

Down

$2,523,012

Down $16,822 (-0.7%) from 2016

Net Income

Down

-$681,321

Down $1,428,233 (-191%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $3,905,012Liabilities 2011: $37,728Net Assets 2011: $3,867,2842011Assets 2012: $3,550,920Liabilities 2012: $630,142Net Assets 2012: $2,920,7782012Assets 2013: $2,146,044Liabilities 2013: $597,923Net Assets 2013: $1,548,1212013Assets 2014: $2,283,822Liabilities 2014: $423,045Net Assets 2014: $1,860,7772014Assets 2015: $4,482,487Liabilities 2015: $2,691,839Net Assets 2015: $1,790,6482015Assets 2016: $5,203,251Liabilities 2016: $2,665,691Net Assets 2016: $2,537,5602016Assets 2017: $5,333,011Liabilities 2017: $3,476,772Net Assets 2017: $1,856,2392017Assets 2018: $4,866,778Liabilities 2018: $4,949,471Net Assets 2018: -$82,6932018Assets 2019: $7,005,841Liabilities 2019: $2,446,170Net Assets 2019: $4,559,6712019Assets 2020: $10,117,378Liabilities 2020: $2,213,332Net Assets 2020: $7,904,0462020Assets 2021: $3,075,426Liabilities 2021: $2,178,745Net Assets 2021: $896,6812021Assets 2022: $2,427,184Liabilities 2022: $2,706,427Net Assets 2022: -$279,2432022Assets 2023: $1,523,388Liabilities 2023: $3,060,977Net Assets 2023: -$1,537,5892023Assets 2024: $931,224Liabilities 2024: $3,912,767Net Assets 2024: -$2,981,5432024

Highlighted filing

2017

Assets$5,333,011
Liabilities$3,476,772
Net Assets$1,856,239

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,236,283Expenses 2011: $368,999Net Income 2011: $3,867,2842011Revenue 2012: $214,004Expenses 2012: $1,160,510Net Income 2012: -$946,5062012Revenue 2013: $144,892Expenses 2013: $1,517,549Net Income 2013: -$1,372,6572013Revenue 2014: $1,991,057Expenses 2014: $1,678,401Net Income 2014: $312,6562014Revenue 2015: $1,862,560Expenses 2015: $1,932,689Net Income 2015: -$70,1292015Revenue 2016: $3,286,746Expenses 2016: $2,539,834Net Income 2016: $746,9122016Revenue 2017: $1,841,691Expenses 2017: $2,523,012Net Income 2017: -$681,3212017Revenue 2018: $1,257,244Expenses 2018: $3,196,176Net Income 2018: -$1,938,9322018Revenue 2019: $8,445,855Expenses 2019: $3,803,491Net Income 2019: $4,642,3642019Revenue 2020: $7,171,565Expenses 2020: $3,827,190Net Income 2020: $3,344,3752020Revenue 2021: $11,576,748Expenses 2021: $4,087,742Net Income 2021: $7,489,0062021Revenue 2022: $1,030,188Expenses 2022: $2,206,112Net Income 2022: -$1,175,9242022Revenue 2023: $1,218,253Expenses 2023: $2,476,599Net Income 2023: -$1,258,3462023Revenue 2024: $1,238,419Expenses 2024: $2,682,373Net Income 2024: -$1,443,9542024

Highlighted filing

2017

Revenue$1,841,691
Expenses$2,523,012
Net Income-$681,321
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 11, 2018
Return Version
2017v2.3
Gross Receipts
$1,847,726
Mission and Program Overview

Mission

Conncat's mission is to inspire, motivate, and prepare youth and adults for educational and career advancement, through after-school arts, and job training programming. Conncat's vision is to create a learning environment that inspires hope, innovation, creativity and excellence while providing a path for individuals to revitalize the landscape of the urban community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,155,218$2,748,176▼ $407,042
Pledges and Grants Receivable$1,807,183$1,471,631▼ $335,552
Cash and Non-Interest-Bearing Accounts$29,102$962,511▲ $933,409
Prepaid Expenses and Deferred Charges$19,846$72,691▲ $52,845
Loans From Officers Directors$50,000$50,000→ $0
Savings and Temporary Cash Investments$40,123$40,009▼ $114
Total Assets$5,203,251$5,333,011▲ $129,760
Other Assets Total$151,779$37,993▼ $113,786
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,346,871$3,262,727▲ $915,856
Accounts Payable and Accrued Expenses$268,820$164,045▼ $104,775
Total Liabilities$2,665,691$3,476,772▲ $811,081
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,907,183$1,471,631▼ $435,552
Unrestricted Net Assets$630,377$384,608▼ $245,769
Total Net Assets Fund Balance$2,537,560$1,856,239▼ $681,321
Total Liabilities and Net Assets / Fund Balance$5,203,251$5,333,011▲ $129,760

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,461,445$980,626$3,442,071
Equipment$264,246$322,512$586,758
Other Land Buildings$22,485$82,668$105,153
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erik ClemonsPresident & CEOFT$122,282$10,191$132,473

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,738,472
Program Service Revenue
$93,781
Investment Income
$38
Other Revenue
$9,400
All Other Contributions
$1,658,463
Change in Net Assets
$-681,321

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,847,726
Revenue Not Reported on Financial Statements
$-6,035
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-6,035
Total Revenue per Audited Statements
$1,847,726
Total Revenue per Form 990
$1,841,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,491,139
Salaries, Compensation, and Employee Benefits$1,031,873
Total Fundraising Expense$44,572
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$617,105$169,276$2,535$788,916
Occupancy$401,629$38,498-$440,127
Depreciation Depletion$397,486$34,689-$432,175
Current Officers, Directors, Trustees, and Key Employees$72,860$26,494$33,119$132,473
Interest-$80,887-$80,887
Payroll Taxes$59,117$15,748$1,639$76,504
Fees for Services Other$74,481$672$75$75,228
Office Expenses$27,859$38,749-$66,608
Fees for Services Legal-$60,099-$60,099
Information Technology-$51,705-$51,705
Insurance$41,274$7,673-$48,947
Fees for Services Accounting-$47,775-$47,775
Other Employee Benefits$27,262$6,718-$33,980
Travel-$9,736-$9,736
Advertising-$793$7,204$7,997
All Other Expenses-$3,809-$3,809
Conferences and Meetings-$1,528-$1,528
Other Expenses$158,342$42-$42
Total Functional Expenses$1,877,415$601,025$44,572$2,523,012

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,529,047
Expenses per Audited Statements$2,523,012
Total Expenses per Form 990$2,523,012
Expenses Not Reported on Form 990$6,035
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,410
Fundraising Direct Expenses$6,035
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$50,000$50,000→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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 A, Line 2

Alexis n. Highsmith, a director and secretary of conncat, is the daughter of carlton highsmith, a director and chairman of conncat.

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

The conncat ceo & president and a hired accountant reviews the form 990 before submitting to the irs.

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

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. There were no infractions during 2017.

Form 990, Part VI, Section B, Line 15A

The compensation of the president/ceo included a review an approval by independent persons, comparability data and substantiation of the decision.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Connecticut Center for Arts & Technology
EIN
45-1257955
Phone
2038239823
Address
4 SCIENCE PARK, NEW HAVEN, CT 06511

Signing Officer

Name
Erik Clemons
Title
President & CEO
Phone
2038239823
Signed
2018-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erik Clemons
Formed
2011
Legal Domicile
Ct
Voting Board Members
12
Independent Board Members
12
Employees
55
Volunteers
14

Preparer

Firm
Marcum Llp
Address
185 ASYLUM STREET, HARTFORD, CT 06103
Preparer
Gregory C Marazita
Phone
8607600600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The center has been recognized by the internal revenue service (irs) as a not-for-profit corporation as described in section 501(c)(3) of the internal revenue code (the code) and is exempt from federal income taxes on related income pursuant to section 501(a) of the code. In addition, the center qualifies for the charitable contribution deduction under code section 170(b)(1)(a)(vi) and has been classified as an organization that is not a private foundation under section 509(a)(2). Conncorp has elected to have their income taxed under the provisions of 501(c)(3) of the code. Therefore, these statements do not include any provision for federal income taxes. Management has analyzed the tax positions taken by the center and conncorp and has concluded that as of december 31, 2017 and 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The center and conncorp are subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods pending or in progress.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses -6,035.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 6,035.

Raw XML AppendixShowing 400 of 501 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT & CEO
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IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01847726
IRS990/GrossRentsGrp/RealAmt02025
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt051705
IRS990/InformationTechnologyGrp/TotalAmt051705
IRS990/InsuranceGrp/ManagementAndGeneralAmt07673
IRS990/InsuranceGrp/ProgramServicesAmt041274
IRS990/InsuranceGrp/TotalAmt048947
IRS990/InterestGrp/ManagementAndGeneralAmt080887
IRS990/InterestGrp/TotalAmt080887
IRS990/InvestmentIncomeGrp/ExclusionAmt038
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt038
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01385806
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03155218
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02748176
IRS990/LandBldgEquipCostOrOtherBssAmt04133982
IRS990/LegalDomicileStateCd0CT
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt050000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt050000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CONNCAT'S MISSION IS TO INSPIRE, MOTIVATE, AND PREPARE YOUTH AND ADULTS FOR EDUCATIONAL AND CAREER ADVANCEMENT, THROUGH AFTER-SCHOOL ARTS, AND JOB TRAINING PROGRAMMING. CONNCAT'S VISION IS TO CREATE A LEARNING ENVIRONMENT THAT INSPIRES HOPE, INNOVATION, CREATIVITY AND EXCELLENCE WHILE PROVIDING A PATH FOR INDIVIDUALS TO REVITALIZE THE LANDSCAPE OF THE URBAN COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02346871
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03262727
IRS990/NetAssetsOrFundBalancesBOYAmt02537560
IRS990/NetAssetsOrFundBalancesEOYAmt01856239
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt07375
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt07375
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt02025
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02025
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt038498
IRS990/OccupancyGrp/ProgramServicesAmt0401629
IRS990/OccupancyGrp/TotalAmt0440127
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt038749
IRS990/OfficeExpensesGrp/ProgramServicesAmt027859
IRS990/OfficeExpensesGrp/TotalAmt066608
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0151779
IRS990/OtherAssetsTotalGrp/EOYAmt037993
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06718
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt027262
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033980
IRS990/OtherExpensesGrp/Desc0PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03614
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12520
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt242
IRS990/OtherExpensesGrp/ProgramServicesAmt0158342
IRS990/OtherExpensesGrp/TotalAmt0158342
IRS990/OtherExpensesGrp/TotalAmt13614
IRS990/OtherExpensesGrp/TotalAmt22520
IRS990/OtherExpensesGrp/TotalAmt342
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02535
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0169276
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0617105
IRS990/OtherSalariesAndWagesGrp/TotalAmt0788916
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01639
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015748
IRS990/PayrollTaxesGrp/ProgramServicesAmt059117
IRS990/PayrollTaxesGrp/TotalAmt076504
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01807183
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01471631
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019846
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt072691
IRS990/PrincipalOfficerNm0ERIK CLEMONS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0CULINARY INCOME
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt091411
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12370
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt091411
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12370
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03277590
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0130
IRS990/PYInvestmentIncomeAmt0117
IRS990/PYOtherExpensesAmt01518634
IRS990/PYOtherRevenueAmt09039
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0746912
IRS990/PYSalariesCompEmpBnftPaidAmt01021070
IRS990/PYTotalExpensesAmt02539834
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03286746
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-681321
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02025
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt093781
IRS990/SavingsAndTempCashInvstGrp/BOYAmt040123
IRS990/SavingsAndTempCashInvstGrp/EOYAmt040009
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0264246
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0322512
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0586758
IRS990ScheduleD/ExpensesNotReportedAmt06035
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02523012
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02461445
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0980626
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03442071
IRS990ScheduleD/OtherExpensesIncludedAmt06035
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022485
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt082668
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0105153
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-6035
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-6035
IRS990ScheduleD/RevenueSubtotalAmt01847726
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CENTER HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IN ADDITION, THE CENTER QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER CODE SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). CONNCORP HAS ELECTED TO HAVE THEIR INCOME TAXED UNDER THE PROVISIONS OF 501(C)(3) OF THE CODE. THEREFORE, THESE STATEMENTS DO NOT INCLUDE ANY PROVISION FOR FEDERAL INCOME TAXES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CENTER AND CONNCORP AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2017 AND 2016, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CENTER AND CONNCORP ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES -6,035.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 6,035.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02748176
IRS990ScheduleD/TotalExpensesPerForm990Amt02523012
IRS990ScheduleD/TotalRevenuePerForm990Amt01841691
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01847726
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02529047
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0CONNCAT PUBLICIZES ITS NONDISCRIMINATORY POLICY IN LOCAL NEW HAVEN, CT NEWSPAPER.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PAY PAST DUE RENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0CARLTON L HIGHSMITH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD CHAIR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt050000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALEXIS N. HIGHSMITH, A DIRECTOR AND SECRETARY OF CONNCAT, IS THE DAUGHTER OF CARLTON HIGHSMITH, A DIRECTOR AND CHAIRMAN OF CONNCAT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONNCAT CEO & PRESIDENT AND A HIRED ACCOUNTANT REVIEWS THE FORM 990 BEFORE SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THERE WERE NO INFRACTIONS DURING 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE PRESIDENT/CEO INCLUDED A REVIEW AN APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND SUBSTANTIATION OF THE DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$3.91$2.98$1.24$2.68$1.44
2023Detailed filing. Detailed filing data is available for this year.$1.52$3.06$1.54$1.22$2.48$1.26
2022Detailed filing. Detailed filing data is available for this year.$2.43$2.71$0.28$1.03$2.21$1.18
2021Detailed filing. Detailed filing data is available for this year.$3.08$2.18$0.90$11.6$4.09$7.49
2020Detailed filing. Detailed filing data is available for this year.$10.1$2.21$7.90$7.17$3.83$3.34
2019Detailed filing. Detailed filing data is available for this year.$7.01$2.45$4.56$8.45$3.80$4.64
2018Detailed filing. Detailed filing data is available for this year.$4.87$4.95$0.08$1.26$3.20$1.94
2017Detailed filing. Detailed filing data is available for this year.$5.33$3.48$1.86$1.84$2.52$0.68
2016Detailed filing. Detailed filing data is available for this year.$5.20$2.67$2.54$3.29$2.54$0.75
2015Detailed filing. Detailed filing data is available for this year.$4.48$2.69$1.79$1.86$1.93$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.28$0.42$1.86$1.99$1.68$0.31
2013Detailed filing. Detailed filing data is available for this year.$2.15$0.60$1.55$0.14$1.52$1.37
2012Summary only. Only limited summary data is available for this year.$3.55$0.63$2.92$0.21$1.16$0.95
2011Summary only. Only limited summary data is available for this year.$3.91$0.04$3.87$4.24$0.37$3.87