Overview
What is Connstep Inc?
Connstep Inc, located in Hartford, Connecticut, serves as a nonprofit organization dedicated to supporting Connecticut manufacturers. Their primary role is to offer technical assistance, utilizing advanced manufacturing and management techniques, to approximately 240 businesses in the state. This assistance aims to enhance their competitiveness within their respective industries and contribute to the overall growth of the Connecticut economy. Connstep Inc employs a team of 35 individuals, working to connect manufacturers with the necessary tools and resources to thrive in a competitive market.
Official website here: www.connstep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Connstep Inc has received a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score reflects the charity's commitment to transparency and responsible financial practices, with a perfect score in areas like independent board governance and audit quality. This rating is significant as it assures donors of the charity's reliability and effective management.
The organization boasts an entirely independent board, with all eight members fulfilling this criterion. Connstep Inc has also demonstrated exemplary practices in its financial reporting, with no diversion of assets and a comprehensive conflict of interest policy in place. These strengths contribute to a favorable view of the charity's operations and commitment to its mission.
However, while the program expense ratio is commendable at 68.25%, indicating a substantial portion of its budget is directed towards its programs, there is still some room for improvement. Maintaining transparency and enhancing program efficiency will be key as the organization continues its work in the community. Overall, Connstep Inc stands out as a responsibly managed nonprofit with strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Connstep Inc legitimate?
Connstep Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connstep 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: $397,110
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,459,963
For more financial information, click here
Official website here: www.connstep.org
What is the mission statement of Connstep Inc?
Connstep Inc's mission is centered around assisting manufacturers in Connecticut. Their primary goal is to help these businesses implement advanced manufacturing and management techniques, thereby enhancing their competitiveness. By doing so, Connstep Inc supports the growth of the Connecticut economy. They have provided technical assistance to approximately 240 manufacturers and businesses, enabling them to become more competitive in their respective industries. The organization's efforts aim to foster a thriving and innovative manufacturing sector in Connecticut.
Official website here: www.connstep.org
Who is the CEO of Connstep Inc?
Beatriz Gutierrez is the President of Connstep Inc.
Official website here: www.connstep.org
What is the revenue of Connstep Inc?
Connstep Inc's revenue in 2022 was $6,270,830.
Official website here: www.connstep.org
Who are the executives of Connstep Inc and what are their salaries?
The average compensation at Connstep Inc during 2022 was $81,631. There are 35 employees and 9 volunteers at Connstep Inc.
Here are 18 key members and their salaries:
- Compensation: $193,416
- Related: $0
- Other: $10,317
- Compensation: $149,259
- Related: $0
- Other: $27,147
- Compensation: $159,221
- Related: $0
- Other: $9,599
- Compensation: $123,313
- Related: $0
- Other: $32,097
- Compensation: $139,760
- Related: $0
- Other: $10,985
- Compensation: $123,353
- Related: $0
- Other: $8,466
- Compensation: $140,467
- Related: $0
- Other: $0
- Compensation: $67,698
- Related: $0
- Other: $11,541
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.connstep.org
Where can I find the form 990 for Connstep Inc?
Connstep Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.connstep.org
Learn more at the official website: www.connstep.org
Mission Statement of Connstep Inc
Connstep Inc, a nonprofit organization, is dedicated to assisting Connecticut manufacturers in becoming more competitive by implementing advanced manufacturing and management techniques. The primary mission of Connstep Inc is to connect these manufacturers with the necessary tools and knowledge, thereby contributing to the growth of Connecticut's economy. Through its technical assistance services, Connstep Inc has aided approximately 240 manufacturers and businesses in applying these advanced techniques, enabling them to enhance their competitiveness in the market.
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Impact
July, 2024
Connstep Inc's impact can be seen in the support it provides to Connecticut manufacturers in applying advanced manufacturing and management techniques. By offering technical assistance to approximately 240 manufacturers and businesses in this sector, Connstep Inc is enabling them to enhance their competitiveness. This, in turn, contributes to the growth of the Connecticut economy by empowering these businesses to thrive in a competitive market. Their focus on community improvement through supporting local manufacturers underscores their commitment to fostering economic development in the region.
This information is meant to be a general summary of Connstep 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 2022.
- Investment Income: $28,115
- Program Service Revenue: $2,216,445
- Gross Receipts: $6,270,830
Assets and Liabilities:
- Total Assets: $5,391,864
- Total Liabilities: $1,027,123
- Net Assets: $4,364,741
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT SERVICES
Revenue
$1,872,620
SEMINAR
Revenue
$343,825
Organization Details
Founding Year
1994
Phone
(860) 529-5120Principal Officer
Beatriz Gutierrez
Main Address
350 CHURCH STREET, HARTFORD, CT, 06103
Website
www.connstep.orgNTEE Category
Code: S40 - Community improvement
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