Overview
What is Foundation For Fair Contracting Of Connecticut Inc?
The Foundation for Fair Contracting of Connecticut Inc., located at 78 Beaver Rd, Weathersfield, CT 06109, is a nonprofit organization dedicated to supporting the Secretary of Labor and Industry in monitoring contractor compliance. Their mission is to ensure a fair and equitable bidding process for public work projects within the state. By carrying out this role, they aim to promote transparency and fairness in the contracting sector, ultimately contributing to the successful completion of public projects. With a team of just two individuals, this organization plays a crucial role in maintaining integrity in the contracting industry in Connecticut.
Official website here: www.ffcct.org
Is Foundation For Fair Contracting Of Connecticut Inc legitimate?
Foundation For Fair Contracting Of Connecticut Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Foundation For Fair Contracting Of Connecticut Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $205,698
For more financial information, click here
Official website here: www.ffcct.org
What is the mission statement of Foundation For Fair Contracting Of Connecticut Inc?
The Foundation For Fair Contracting Of Connecticut Inc is dedicated to supporting the Secretary of Labor and Industry in monitoring compliance by contractors, ensuring a fair and equitable bidding process on public work projects within the state. Their mission is to promote transparency and fairness in the bidding process, thereby ensuring that public work projects are awarded to contractors who follow established guidelines and regulations. The foundation's activities aim to promote a level playing field for all contractors, ensuring that the bidding process is not manipulated or influenced by unfair practices. By doing so, the Foundation For Fair Contracting Of Connecticut Inc aims to protect the interests of the state and its taxpayers, ensuring that public funds are used efficiently and effectively for public work projects.
Official website here: www.ffcct.org
What is the revenue of Foundation For Fair Contracting Of Connecticut Inc?
Foundation For Fair Contracting Of Connecticut Inc's revenue in 2023 was $346,452.
Official website here: www.ffcct.org
Who are the executives of Foundation For Fair Contracting Of Connecticut Inc and what are their salaries?
The average compensation at Foundation For Fair Contracting Of Connecticut Inc during 2023 was $102,849. There are 2 employees at Foundation For Fair Contracting Of Connecticut Inc.
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- Compensation: $118,122
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- Other: $43,417
Official website here: www.ffcct.org
Where can I find the form 990 for Foundation For Fair Contracting Of Connecticut Inc?
Foundation For Fair Contracting Of Connecticut Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ffcct.org
Learn more at the official website: www.ffcct.org
Mission Statement of Foundation For Fair Contracting Of Connecticut Inc
The Foundation for Fair Contracting of Connecticut Inc plays a vital role in ensuring a fair and equitable bidding process for contractors engaged in public work projects within the state. This nonprofit organization aids the Secretary of Labor and Industry by providing crucial information on compliance by contractors, thereby promoting a level playing field in the bidding process. By doing so, the Foundation for Fair Contracting of Connecticut Inc contributes significantly to upholding integrity and transparency in public construction projects, ultimately benefiting the state and its residents.
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Impact
October, 2024
Foundation For Fair Contracting Of Connecticut Inc plays a crucial role in ensuring a fair and equitable bidding process for public work projects in the state. By assisting the Secretary of Labor and Industry with compliance oversight, the organization helps to maintain industry standards and uphold the integrity of contracting practices. This support fosters a competitive environment that benefits both contractors and the community, ultimately promoting transparency and accountability in the procurement of public services. Their efforts contribute to protecting workers' rights and enhancing job opportunities, leading to a more equitable workforce in Connecticut's construction industry.
This information is meant to be a general summary of Foundation For Fair Contracting Of Connecticut Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $7,194
- Program Service Revenue: $339,258
- Gross Receipts: $346,452
Assets and Liabilities:
- Total Assets: $501,472
- Total Liabilities: $1,258
- Net Assets: $500,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER CONTRIBUTIONS
Revenue
$334,581
PAYROLL TAX REFUNDS
Revenue
$4,677
Organization Details
Founding Year
1992
Principal Officer
John Nimmons
Website
www.ffcct.orgNTEE Category
Code: J00 - Employment
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