Connstep Inc
- Assets
- $5.4m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Hartford, CT
- Founding
- 09/2000
- Data as of
- 06/2022
- 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 06/2022, Connstep Inc employed 35 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 06/2022, Connstep Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $5.9m during the year ending 06/2022. While expenses have increased by 4.5% 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
2022
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 | $193,416 |
Matthew Howe Director Of Sales | 40 | $159,221 | |
Michael Stimson Director Of Operations | 40 | $149,259 | |
Bonnie Del Conte Former President (thru 11/2020) | 0 | $140,467 | |
Martin Karbassioon Field Engineer | 40 | $139,760 | |
Jeffrey Orszak Director Of Technology | 40 | $123,353 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delisa Group Technical Consulting Services | 6/29/22 | $200,710 |
Noel Roberts Technical Consulting Services | 6/29/22 | $132,845 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,026,270 |
| 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 | $4,026,270 |
| Total Program Service Revenue | $2,216,445 |
| Investment income | $28,115 |
| 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 | $6,270,830 |
| 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. | $397,110 |
| Compensation of current officers, directors, key employees. | $397,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,459,963 |
| Pension plan accruals and contributions | $146,869 |
| Other employee benefits | $344,126 |
| Payroll taxes | $213,244 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,306 |
| Fees for services: Accounting | $24,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,976 |
| Advertising and promotion | $111,511 |
| Office expenses | $143,269 |
| Information technology | $163,344 |
| Royalties | $0 |
| Occupancy | $115,655 |
| Travel | $41,665 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,353 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,444 |
| All other expenses | $97,503 |
| Total functional expenses | $5,929,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,412,193 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $495,782 |
| 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 | $15,845 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $468,044 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,391,864 |
| Accounts payable and accrued expenses | $589,844 |
| Grants payable | $0 |
| Deferred revenue | $371,453 |
| 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 | $65,826 |
| Total liabilities | $1,027,123 |
| Net assets without donor restrictions | $4,364,741 |
| 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 | $5,391,864 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Southeastern New England Defense Industry Alliance Middletown, RI | $1,374,254 | $9,240,701 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Connstep Inc Hartford, CT | $5,391,864 | $6,270,830 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |
Better Business Bureau Of Metropolitan New York Inc New York, NY | $2,973,168 | $5,685,810 |
Science Park Development Corporation New Haven, CT | $13,300,850 | $3,489,303 |
New York Society Of Security Analysts Inc New York, NY | $12,287,632 | $4,837,133 |
Commonwell Health Alliance Inc Boston, MA | $1,975,770 | $5,889,825 |
Better Business Bureau Inc Amherst, NY | $5,688,613 | $4,388,157 |