Greater Hartford Consortium For Higher Education
- Assets
- $261.2k
- Revenue
- $325.6k
- Investments
- $0.0
- Employees
- 12
- Location
- East Hartford, CT
- Founding
- 05/1973
- Data as of
- 06/2023
- EIN
- 23-7288868
Organization Overview
Greater Hartford Consortium For Higher Education is located in East Hartford, CT. The organization was established in 1973. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 06/2023, Greater Hartford Consortium For Higher Education employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Hartford Consortium For Higher Education 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, Greater Hartford Consortium For Higher Education generated $325.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $768.4k during the year ending 06/2023. 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
THROUGH COLLABORATIVE ENDEAVORS AMONG HIGHER EDUCATION INSTITUTIONS, THE HARTFORD CONSORTIUM FOR HIGHER EDUCATION PROMOTES OPTIMAL SHARING OF COLLEGIAL RESOURCES, INFORMATION, EXPERTISE AND IDEAS; SERVES AS A CATALYST FOR INNOVATIVE EDUCATIONAL INITIATIVES THAT RESPOND TO A CHANGING EDUCATION ENVIRONMENT; ENCOURAGES EDUCATIONAL EXCELLENCE ACROSS THE LIFESPAN; AND ASSERTS THE ROLE OF HIGHER EDUCATION IN THE ECONOMIC, CULTURAL AND SOCIAL LIFE OF HARTFORD AND THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPLEMENTED A COLLEGE PROMOTION PROGRAM FOR YOUTH: CAREER BEGINNINGS SERVES HIGH SCHOOL STUDENTS AND THEIR FAMILY MEMBERS BY OFFERING A RANGE OF SERVICES THAT PROMOTED HIGH SCHOOL GRADUATION AND COLLEGE ENROLLMENT. THESE SERVICES INCLUDE MENTORING, ADVISING, WORKSHOPS ON ADMISSIONS AND FINANCIAL AID INFORMATION, CAMPUS VISITS AND RECOGNITION EVENTS FOR THOSE ACHIEVING AT HIGH LEVELS.
IMPLEMENTED A RESEARCH AND SYMPOSIUM PROGRAM: THE CENTER FOR HIGHER EDUCATION RETENTION EXCELLENCE (CHERE) SEEKS TO UNDERSTAND AND IMPROVE POLICIES AND PRACTICES THAT LEAD TO HIGHER COLLEGE RETENTION AND EMPLOYMENT FOR CHALLENGED STUDENTS BY CONVENING CONFERENCES WITH COLLEGES AND UNIVERSITIES, PUBLISHING SUMMARIES OF ALL EVENTS TO COMMUNICATE FINDINGS MORE WIDELY AND ADVOCATING FOR PUBLIC POLICY CHANGES RELATED TO HIGHER EDUCATION RETENTION.
IMPLEMENTED JOINT CAMPUS PROGRAMS: THIS INCLUDES CROSS-REGISTRATION, STAFF AND FACULTY FORUMS THAT SHARE BEST PRACTICES AND EXPLORE INITIATIVES THAT WILL CREATE EFFICIENCIES AND ENCANCE TEACHING AND LEARNING AND INFORMATION TO THE COMMUNITY ON HIGHER EDUCATION.
IMPLEMENTED A COLLEGE PROMOTION PROGRAM FOR YOUTH IN NEW BRITIAN: CAREER BEGINNINGS SERVES NEW BRITIAN HIGH SCHOOL STUDENTS AND THEIR FAMILY MEMBERS BY OFFERING A RANGE OF SERVICES THAT PROMOTED HIGH SCHOOL GRADUATION AND COLLEGE ENROLLMENT. THESE SERVICES INCLUDE MENTORING, ADVISING, WORKSHOPS ON ADMISSIONS AND FINANCIAL AID INFORMATION, CAMPUS VISITS AND RECOGNITION EVENTS FOR THOSE ACHIEVING AT HIGH LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zulma Toro Chair | OfficerTrustee | 1 | $0 |
Joel Lohr Vice Chair | OfficerTrustee | 1 | $0 |
Mark Overmyer-Velazquez Incoming Co-Chair / Director | OfficerTrustee | 1 | $0 |
Joanne Berger-Sweeney Incoming Co-Chair / Director | OfficerTrustee | 1 | $0 |
Rhona Free Director | Trustee | 1 | $0 |
Duncan Harris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,528 |
| Total Program Service Revenue | $0 |
| Investment income | $35 |
| 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 | $325,623 |
| 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. | $42,308 |
| Compensation of current officers, directors, key employees. | $12,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $344,437 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $85,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,126 |
| Advertising and promotion | $1,802 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $10,678 |
| All other expenses | $29,918 |
| Total functional expenses | $768,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,199 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $261,199 |
| Accounts payable and accrued expenses | $71,262 |
| 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 | $71,262 |
| Net assets without donor restrictions | $189,937 |
| 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 | $261,199 |