Association Of Retired Teachers Of Connecticut Inc is located in Manchester, CT. The organization was established in 1971. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2024, Association Of Retired Teachers Of Connecticut Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Retired Teachers Of Connecticut Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2024, Association Of Retired Teachers Of Connecticut Inc generated $269.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $281.7k during the year ending 06/2024. While expenses have increased by 4.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ARTCTS MISSION IS TO CONTINUE TO MAINTAIN A HIGH LEVEL OF SERVICE FOR OUR MEMBERS AS WELL AS BRING NEW PROGRAMS TO ENHANCE THEIR LIFESTYLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL LUNCHON FOR MEMBERS TO FACILITATE NETWORKING AND TO PROVIDE INFORMATION - NOT HELD THIS YEAR DUE TO COVID-19 PANDEMIC
PROVIDING ACTIVITIES AND INFORMATION TO SUPPORT RETIRED TEACHERS
COMMUNICATION WITH MEMBERS THROUGH NEWSLETTERS, MAILINGS, AND EMAIL
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tammy I Gowash Executive Director | Officer | 0 | $78,413 |
Barbara Kmetz Secretary | Officer | 0 | $1,407 |
Carol Noble President | Officer | 0 | $1,005 |
Debbie Derienz Treasurer | Officer | 0 | $402 |
Carol Chase Vice President | Officer | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $188,271 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $54,659 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $242,930 |
Total Program Service Revenue | $14,930 |
Investment income | $11,869 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $269,729 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $158,640 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $13,067 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $9,500 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $49,402 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $15,929 |
Travel | $311 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $23,472 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,147 |
Insurance | $1,759 |
All other expenses | $699 |
Total functional expenses | $281,697 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $69,399 |
Savings and temporary cash investments | $74,354 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $2,469 |
Investments—publicly traded securities | $482,921 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $629,143 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,349 |
Total liabilities | $4,349 |
Net assets without donor restrictions | $590,344 |
Net assets with donor restrictions | $34,450 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $629,143 |