Connstep Inc
- Assets
- $6.4m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Hartford, CT
- Founding
- 09/2000
- Data as of
- 06/2023
- EIN
- 06-1583910
Organization Overview
Connstep Inc is located in Hartford, CT. The organization was established in 2000. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Connstep Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connstep Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Connstep Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $5.8m during the year ending 06/2023. While expenses have increased by 4.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP CT MANUFACTURERS APPLY ADVANCED MANUFACTURING AND MANAGEMENT TECHNIQUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TECHNICAL ASSISTANCE TO APPROXIMATELY 240 MANUFACTURERS AND BUSINESSES IN ADVANCED MANUFACTURING AND MANAGEMENT TECHNIQUES TO ENABLE THEM TO BE MORE COMPETITIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beatriz Gutierrez President | Officer | 40 | $199,666 |
Robert Blakey Controller | Officer | 40 | $154,443 |
Michael Stimson Director Of Operations | Officer | 40 | $151,485 |
Matthew Howe Director Of Marketing (thru 01/23) | 40 | $172,645 | |
Martin Karbassioon Field Engineer | 40 | $151,039 | |
Francis Murphy Field Engineer | 40 | $125,606 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delisa Group Technical Consulting Services | 6/29/23 | $225,218 |
Noel Roberts Technical Consulting Services | 6/29/23 | $112,429 |
Telesis Data Solutions System Maintenance & Implementation | 6/29/23 | $102,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,184,081 |
| 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 | $4,184,081 |
| Total Program Service Revenue | $1,632,756 |
| Investment income | $58,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,834,385 |
| 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. | $453,543 |
| Compensation of current officers, directors, key employees. | $453,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,401,146 |
| Pension plan accruals and contributions | $137,715 |
| Other employee benefits | $366,545 |
| Payroll taxes | $192,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,280 |
| Fees for services: Accounting | $28,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,661 |
| Advertising and promotion | $132,089 |
| Office expenses | $82,971 |
| Information technology | $168,625 |
| Royalties | $0 |
| Occupancy | $161,563 |
| Travel | $68,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,330 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,751 |
| All other expenses | $70,691 |
| Total functional expenses | $5,785,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,229,503 |
| Savings and temporary cash investments | $3,206,462 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $288,090 |
| 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 | $73,509 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $984,441 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $662,419 |
| Total assets | $6,444,424 |
| Accounts payable and accrued expenses | $420,485 |
| Grants payable | $0 |
| Deferred revenue | $762,353 |
| 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 | $752,718 |
| Total liabilities | $1,935,556 |
| Net assets without donor restrictions | $4,508,868 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,444,424 |