Connecticut Center For Arts & Technology Inc
- Assets
- $3.1m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 25
- Location
- New Haven, CT
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 45-1257955
Organization Overview
Connecticut Center For Arts & Technology Inc is located in New Haven, CT. The organization was established in 2011. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Connecticut Center For Arts & Technology Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Center For Arts & Technology 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 12/2021, Connecticut Center For Arts & Technology Inc generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 11.3% 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.
Since 2021, Connecticut Center For Arts & Technology Inc has awarded 13 individual grants totaling $130,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNCAT'S MISSION IS TO INSPIRE, MOTIVATE, AND PREPARE YOUTH AND ADULTS FOR EDUCATIONAL AND CAREER ADVANCEMENT, THROUGH AFTER-SCHOOL ARTS, AND JOB TRAINING PROGRAMMING. CONNCAT'S VISION IS TO CREATE A LEARNING ENVIRONMENT THAT INSPIRES HOPE, INNOVATION, CREATIVITY AND EXCELLENCE WHILE PROVIDING A PATH FOR INDIVIDUALS TO REVITALIZE THE LANDSCAPE OF THE URBAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTICUT CENTER FOR ARTS & TECHNOLOGY ("CONNCAT") OFFERS TRAINING PROGRAMS IN CULINARY ARTS, PHLEBOTOMY, AND MEDICAL BILLING AND CODING. THE TRAINING TIME VARIES FOR EACH PROGRAM. THE GRADUATION RATE IS 58% OF THOSE ENROLLED AND 64% ARE EMPLOYED WHO COMPLETED AND GRADUATED. IN ADDITION, THE CENTER OFFERS AFTER-SCHOOL AND SUMMER PROGRAMS TO LOCAL YOUTHS. ENTREPRENEUR LEADERSHIP ACADEMY - STATEWIDE PROGRAMS FOR 80 HIGH SCHOOL STUDENTS TEACHING ENTREPENEURSHIP AND BUSINESS PRINCIPLES.
CONNECTICUT COMMUNITY OUTREACH REVITALIZATION PROGRAM (CONNCORP) WAS FORMED AS A DISREGARDED ENTITY OF CONNCAT WHICH WAS FOCUSED ON ECONOMIC DEVELOPMENT IN NEW HAVEN. CONNCORP WAS DESIGNED TO ADVANCE CONNCAT'S MISSION TO PROVIDE OPPORTUNITIES TO NEW HAVEN'S UNDERSERVED RESIDENTS. THE KEY ACTIVITIES INCLUDE THE ACQUISITION AND REVITALIZATION OF COMMERCIAL PROPERTIES AS WELL AS INVESTMENT IN NEW AND EXISTING LOCAL COMMUNITY-BASED BUSINESSES. CONNCORP ALSO SEEKS TO ATTRACT BUSINESSES TO NEW HAVEN AND, ULTIMATELY, TO CATALYZE AND SUPPORT A PLACE-BASED IMPACT INVESTING ECOSYSTEM IN THE CITY.EFFECTIVE SEPTEMBER 23,2021, CONNCORP WAS GRANTED SEPARATE TAX-EXEMPT STATUS AS A 501(C)(3) ORGANIZATION. THIS FORM 990, INCLUDES THE ECONOMIC DEVELOPMENT ACTIVITY FOR THE PORTION OF THE YEAR CONNCORP WAS A DISREGARDED ENTITY OF CONNCAT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genevive Walker Chief Operating Officer | 40 | $120,769 | |
Erik Clemons President & CEO / Director | OfficerTrustee | 40 | $0 |
Paul Mccraven Director / President & CEO | OfficerTrustee | 40 | $0 |
Carlton L Highsmith Chairman | OfficerTrustee | 0.5 | $0 |
Kevin A Myatt Board Vice Chair | OfficerTrustee | 0.5 | $0 |
Catherine E Lamarr ESQ Board Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $22,050 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,040 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,478,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,554,171 |
| Total Program Service Revenue | $108,446 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$86,209 |
| Net Gain/Loss on Asset Sales | -$366 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,576,748 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $134,260 |
| 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 | $1,712,627 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,485 |
| Payroll taxes | $137,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,768 |
| Fees for services: Accounting | $120,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,051 |
| Advertising and promotion | $94,228 |
| Office expenses | $269,839 |
| Information technology | $40,590 |
| Royalties | $0 |
| Occupancy | $613,802 |
| Travel | $3,439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $401,080 |
| Insurance | $82,723 |
| All other expenses | $0 |
| Total functional expenses | $4,087,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,304 |
| Savings and temporary cash investments | $40,107 |
| Pledges and grants receivable | $1,254,193 |
| Accounts receivable, net | $34,062 |
| 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 | $17,956 |
| Net Land, buildings, and equipment | $1,128,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,438 |
| Total assets | $3,075,426 |
| Accounts payable and accrued expenses | $153,431 |
| 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 | $2,025,314 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,178,745 |
| Net assets without donor restrictions | -$636,372 |
| Net assets with donor restrictions | $1,533,053 |
| 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 | $3,075,426 |
Grants Awarded
Over the last fiscal year, Connecticut Center For Arts & Technology Inc has awarded $130,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GREEN ELM CONSTRUCTION PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |
OPAL STORK HOME CARE PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |
VEGAN AHAVA PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |
THE ANCHOR SPA PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |
THREADS BY TEA PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |
NEW HAVEN FIRESTOP SYSTEMS PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Connecticut Center For Arts & Technology Inc has recieved totaling $17,575.
| Awarding Organization | Amount |
|---|---|
Scripps Family Fund For Education And The Arts Ft Mitchell, KY PURPOSE: PROGRAMS FOR CHILDREN AND YOUTH | $10,000 |
United Way Of Greater New Haven Inc New Haven, CT PURPOSE: SUMMER YOUTH PROGRAM | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
United For Respect Education Fund Brooklyn, NY | $7,552,270 | $7,410,651 |
1st Street Foundation Inc Brooklyn, NY | $4,623,074 | $8,726,760 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
West Bay Collaborative Inc Warwick, RI | $2,617,303 | $5,710,370 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Connecticut Center For Arts & Technology Inc New Haven, CT | $3,075,426 | $11,576,748 |
Read To Lead Inc New York, NY | $3,901,385 | $3,177,958 |
Foundation For Civic Leadership Inc Cambridge, MA | $2,419,879 | $3,718,020 |
Resource Training Center Inc Staten Island, NY | $1,509,183 | $2,732,050 |