Foundation For Fair Contracting Of Connecticut
- Assets
- $437.6k
- Revenue
- $317.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Newington, CT
- Founding
- 06/1993
- Data as of
- 12/2021
- EIN
- 06-1338042
Organization Overview
Foundation For Fair Contracting Of Connecticut is located in Newington, CT. The organization was established in 1993. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Foundation For Fair Contracting Of Connecticut employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Fair Contracting Of Connecticut is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Foundation For Fair Contracting Of Connecticut generated $317.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $329.5k during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AIDING THE SECRETARY OF LABOR AND INDUSTRY IN BEING INFORMED ON COMPLIANCE BY CONTRACTORS FOR A FAIR AND EQUITABLE BIDDING PROCESS ON PUBLIC WORK PROJECTS WITHIN THE STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIDING THE SECRETARY OF LABOR AND INDUSTRY IN BEING INFORMED ON COMPLIANCE BY CONTRACTORS FOR A FAIR AND EQUITABLE BIDDING PROCESS ON PUBLIC WORK PROJECTS WITHIN THE STATE.
FILING COMPLAINTS AS NECESSARY AND KEEPING RECORDS OF VIOLATIONS.
MAKING AVAILABLE TO THE WORKERS INFORMATION REGARDING PREVAILING WAGE RATES, APPRENTICESHIP STANDARDS, PENSION AND HEALTH REGULATIONS.
PROVIDING ADVICE TO INCREASE PRODUCTIVITY AND ENHANCE RELATIONSHIPS BETWEEN WORKER AND EMPLOYER. SEE ITEMS 1-3 ABOVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly A Glassman Employee | 40 | $109,311 | |
Sean Daly Co-Chair | Officer | 2 | $0 |
John Nimmons Sec/treas | Officer | 4 | $0 |
Keith Brothers Board Member | Trustee | 1 | $0 |
Jason Werthman Board Member | Trustee | 1 | $0 |
Mark Buono Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $303,984 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,984 |
| Total Program Service Revenue | $0 |
| Investment income | $8,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,156 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,317 |
| 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 | $176,468 |
| Pension plan accruals and contributions | $42,352 |
| Other employee benefits | $34,405 |
| Payroll taxes | $14,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,900 |
| Office expenses | $8,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,575 |
| Travel | $2,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,031 |
| Insurance | $4,109 |
| All other expenses | $1,408 |
| Total functional expenses | $329,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,217 |
| Savings and temporary cash investments | $69,972 |
| 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 | $26,147 |
| Investments—publicly traded securities | $259,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,240 |
| Total assets | $437,646 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $437,646 |
| Total liabilities and net assets/fund balances | $437,646 |
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|---|---|---|
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Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
Massachusetts Corrections Officers Federated Union Milford, MA | $5,016,192 | $3,161,226 |
New England Fuel Institute Inc Wilmington, MA | $718,912 | $1,881,576 |
Hampshire Franklin And Hampden Agricultural Soc Northampton, MA | $5,535,484 | $2,024,301 |
Rensselaer County Agricultural And Horticultural Society Schaghticoke, NY | $177,388 | $1,283,672 |
The Woodstock Agricultural Society Woodstock, CT | $6,649,911 | $1,484,894 |
A Taste Of Buffalo Inc Lancaster, NY | $218,839 | $1,255,644 |
Washington County Fair Inc Greenwich, NY | $4,674,177 | $1,578,526 |
Rochester Fringe Festival Inc Rochester, NY | $674,965 | $1,364,718 |
Ulster County Agricultural Society New Paltz, NY | $1,392,415 | $1,113,784 |
Columbia County Agricultural Society Chatham, NY | $1,929,227 | $813,177 |