Conexion Inc
- Assets
- $501.7k
- Revenue
- $725.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Boston, MA
- Founding
- 11/2007
- Data as of
- 12/2022
- EIN
- 20-8056726
Organization Overview
Conexion Inc is located in Boston, MA. The organization was established in 2007. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2022, Conexion Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Conexion Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND EXPAND LEADERSHIP DEVELOPMENT, NETWORKING, AND COOPERATION WITHIN THE LATINO COMMUNITY IN THE UNITED STATES OF AMERICA. THE ORGANIZATION SEEKS TO ADVOCATE ON BEHALF OF THE HISPANIC/LATINO COMMUNITY LEADERSHIP TO SERVE ON BOARDS AND AT THE HIGHEST LEVEL OF CORPORATE LEADERSHIP- PUBLIC AND PRIVATE- IN THE UNITED STATES OF AMERICA; TO BUILD SOCIAL CAPITAL WITHIN AND ON BEHALF OF THE HISPANIC/LATINO COMMUNITY; TO INFORM THE PUBLIC ON THE IMPORTANCE OF HISPANIC/LATINOS TO SOCIETY AND THE WORKFORCE; TO PROVIDE THOUGHT LEADERSHIP TO INFLUENCE INDUSTRY DECISION MAKERS FOR THE ADVANCEMENT OF HISPANIC/LATINO LEADERS; AND TO PROVIDE TRAINING AND EDUCATION TO ENHANCE THE LEADERSHIP SKILLS OF HISPANIC/LATINOS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGED AND DELIVERED A TEN-MONTH MENTORING AND LEADERSHIP PROGRAM FOR 42 MID-LEVEL CAREER LATINO PROFESSIONALS WITH MORE THAN TEN YEARS OF WORK EXPERIENCE AND FOR 22 EARLY-CAREER LEVEL LATINO PROFESSIONALS WITH LESS THAN TEN YEARS OF WORK EXPERIENCE. THE ORGANIZATION WAS PROVIDED WITH MEETING SPACE AND USE OF FACILITIES THAT WOULD OTHERWISE NEED TO BE OBTAINED FROM OUTSIDE SOURCES AT A COST. AS SUCH, THE ORGANIZATION RECORDS THE FAIR VALUE OF THE DONATED MEETING SPACE AND FACILITIES AT A RATE THAT WOULD APPROXIMATE THE FAIR MARKET VALUE OF RENTING SPACE AT A HOTEL, CONFERENCE CENTER, OR SIMILAR VENUE. THE ESTIMATED FAIR MARKET VALUE OF THE USE OF DONATED FACILITIES IN 2021 WAS $39,408. ADDITIONALLY, (CONTINUED ON SCH. O)THE ORGANIZATION HAS ESTIMATED THE VALUE OF ITS VOLUNTEER MENTORS TO BE $368,640 BASED ON THE NUMBER OF HOURS REQUIRED, THE NUMBER OF PERSONS MENTORED, AND AN AVERAGE RATE OF COMPENSATION THAT A MENTOR WOULD BE PAID IF THE SERVICES WERE NOT OF A VOLUNTEER NATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evelyn Barahona Chair | OfficerTrustee | 5 | $0 |
Juan Pestana Director | OfficerTrustee | 5 | $0 |
Matthew Shadrick Clerk | OfficerTrustee | 5 | $0 |
Phil Catchings Director | Trustee | 5 | $0 |
Greg Flores Vice Chair | Trustee | 5 | $0 |
Steve Sanchez Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,221 |
| Total Program Service Revenue | $600,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,541 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $725,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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. | $245,086 |
| Compensation of current officers, directors, key employees. | $12,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,757 |
| Payroll taxes | $17,862 |
| Fees for services: Management | $89,008 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $23,839 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,369 |
| Advertising and promotion | $0 |
| Office expenses | $4,462 |
| Information technology | $1,411 |
| Royalties | $0 |
| Occupancy | $39,408 |
| Travel | $12,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138 |
| Insurance | $3,249 |
| All other expenses | $0 |
| Total functional expenses | $501,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $464,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,500 |
| 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 | $4,816 |
| Net Land, buildings, and equipment | $276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $501,729 |
| Accounts payable and accrued expenses | $18,420 |
| Grants payable | $0 |
| Deferred revenue | $61,658 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,801 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $85,879 |
| Net assets without donor restrictions | $415,850 |
| 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 | $501,729 |