Connected Foundation
- Assets
- $2.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Weems, VA
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-2278434
Organization Overview
Connected Foundation is located in Weems, VA. The organization was established in 2016. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connected Foundation 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, Connected Foundation generated $2.4m in total revenue. All expenses for the organization totaled $147.1k during the year ending 12/2021. While expenses have increased by 62.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CONNECTED FOUNDATION WORKS TO ALLEVIATE THE SUFFERING OF HUMANITY AND PROMOTE PSYCHOLOGICAL GROWTH. WE DO THIS THROUGH THREE PRIMARY PROGRAMING TRACKS. 1. WE RESEARCH, DEVELOP AND PROVIDE DEVELOPMENTALLY BASED PSYCHOLOGICAL SERVICES AND PROGRAMS TO THE MOST IN NEED KIDS AND FAMILIES. 2. WE RESEARCH, DEVELOP, AND PROVIDE FINANCIAL LITERACY AND TECHNICAL LITERACY TRAINING AND PROGRAMMING. 3. WE RESEARCH, DEVELOP, AND PROVIDE MINDFULNESS AND RESILIENCE TRAINING PROGRAMS AND RETREATS FOR MENTAL HEALTH PRACTITIONERS AND THE MOST IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONNECTED FOUNDATION PROVIDED MENTAL HEALTH SERVICES TO HUNDREDS OF THE MOST IN NEED KIDS AND FAMILIES IN WASHINGTON DC THROUGH CONNECTED PSYCHOLOGY, OUR PSYCHOLOGICAL SERVICES PROGRAM. CONNECTED PSYCHOLOGICAL SERVICES INC., A WHOLLY OWNED, FISCALLY SPONSORED, RELATED ORGANIZATION PROVIDES THE MOST IN NEED KIDS AND FAMILIES WITH FREE DEVELOPMENTALLY BASED PSYCHOLOGICAL SERVICES.
THE CONNECTED FOUNDATION EXPANDED IT TECHNICAL LITERACY PROGRAMMING BY FISCALLY SPONSORING THE HANDSHAKE INSTITUTE. THE HANDSHAKE INSTITUTE IS A PROGRAM FOR TECHNICAL AND FINANCIAL LITERACY EDUCATION AND TOOL DEVELOPMENT. THE CONNECTED FOUNDATION ALSO SPONSORED THE DWEB FOUNDATION, A SINGAPORE BASED ORGANIZATION WHO'S MISSION PARALLELS THAT OF THE HANDSHAKE INSTITUTE, AND ALLOWS US TO EXPAND OUR EFFORTS TO THE MOST IN NEED, IN MULTIPLE REGIONS.
THE CONNECTED FOUNDATION ADDED TWO RETREAT SITES TOTALING OVER 55 ACRES. THESE PROPERTIES ARE HELD WITHIN THE CONNECTED RETREAT CENTER LLC, WHICH IS FISCALLY SPONSORED BY THE CONNECTED FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celeste Crotty Chairman Of | 40 | $52,000 | |
Aaron Manck Director | 5 | $0 | |
Jesse Crotty Development | 20 | $0 | |
Stephanie Lopez Training Dir | 40 | $0 | |
Rebecca Ferenci Asst Trainin | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $12,234 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,362,434 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,374,668 |
| 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. | $58,784 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,452 |
| Fees for services: Management | $16,199 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $150 |
| Information technology | $2,817 |
| Royalties | $0 |
| Occupancy | $8,000 |
| Travel | $7,700 |
| 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 | $38,217 |
| All other expenses | $0 |
| Total functional expenses | $147,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,062 |
| 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 | $1,316,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $956,000 |
| Other assets | $0 |
| Total assets | $2,292,012 |
| Accounts payable and accrued expenses | $1,531 |
| 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 | $8,000 |
| Other liabilities | $0 |
| Total liabilities | $9,531 |
| Net assets without donor restrictions | $2,282,481 |
| 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 | $2,292,012 |
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|---|---|---|
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Childrens Guild Inc Baltimore, MD | $23,290,601 | $33,432,358 |
Child Trends Incorporated Bethesda, MD | $18,852,217 | $34,169,461 |
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