Connecting Ties Inc
- Assets
- $1.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 69
- Location
- Valdez, AK
- Founding
- 12/1997
- Data as of
- 06/2022
- EIN
- 92-0150429
Organization Overview
Connecting Ties Inc is located in Valdez, AK. The organization was established in 1997. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Connecting Ties Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecting Ties 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, Connecting Ties Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. 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
HABILITATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HABILITATE CLIENTS SO THEY CAN BE OF VALUE TO THE COMMUNITIES IN WHICH THEY LIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Puma Director | Trustee | 1 | $0 |
Gust Hatanelas Director | Trustee | 1 | $0 |
Scott Malone President | Officer | 5 | $0 |
Ken Folcher Vice President And Secretary | Officer | 5 | $0 |
Mark Dickman Treasurer | Officer | 1 | $0 |
Robin James Former Executive Director | Officer | 40 | $68,173 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,521 |
| Total Program Service Revenue | $1,598,129 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,119 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $242,263 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,047,485 |
| 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. | $95,350 |
| Compensation of current officers, directors, key employees. | $58,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,287,926 |
| Pension plan accruals and contributions | $14,096 |
| Other employee benefits | $207,591 |
| Payroll taxes | $116,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $2,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,020 |
| Advertising and promotion | $2,377 |
| Office expenses | $17,072 |
| Information technology | $3,640 |
| Royalties | $0 |
| Occupancy | $72,161 |
| Travel | $24,955 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,875 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,690 |
| Insurance | $26,952 |
| All other expenses | $12,136 |
| Total functional expenses | $2,049,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,627 |
| Savings and temporary cash investments | $10,513 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,078 |
| Prepaid expenses and deferred charges | $8,423 |
| Net Land, buildings, and equipment | $540,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,047,269 |
| Accounts payable and accrued expenses | $153,413 |
| 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 | $278,557 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $431,970 |
| Net assets without donor restrictions | $615,299 |
| 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 | $1,047,269 |