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Connecticut Center For Advanced Technology Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201051854 ✦ East hartford, CT ✦ Designated as a 501(c)(3)

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Overview

What is Connecticut Center For Advanced Technology Inc?

Connecticut Center for Advanced Technology Inc., based in East Hartford, Connecticut, is a nonprofit organization dedicated to supporting Connecticut's small and medium-sized manufacturing companies. Their primary mission is to help these companies compete effectively in the aerospace and defense markets, and to adapt to the technologies and practices required for participation in the future aerospace and defense supply chain. To achieve this, they lead the advancement of applied technologies, aiming to shape the workforce of the future and drive positive change. With a team of 53 employees, they are actively working towards this goal.


Official website here: www.ccat.us

What are the reviews and ratings of this charity?

Charity Navigator Rating: 85% (Three-Star out of Four Star rating)

The Connecticut Center For Advanced Technology Inc has received an 85% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization excels in maintaining an independent board and robust financial oversight, highlighted by a perfect score for its audit and oversight committee, as well as policies for conflict of interest and whistleblowing.

Strengths of the organization include high program expense ratios and effective governance practices, with all board members being independent and no material diversions of assets reported. The charity's financial practices demonstrate a commitment to transparency and accountability, which is essential for fostering donor trust and ensuring that funds are utilized effectively.

However, there are some limitations identified, particularly regarding the liabilities to assets ratio and fundraising efficiency. The organization did not score well in these areas, suggesting potential financial management challenges that could impact its sustainability and capacity for fundraising. Overall, while the Connecticut Center For Advanced Technology Inc shows strong governance and programmatic efficiency, attention to these financial metrics may be necessary for future stability.


This AI summary has been generated from information found on Charity Navigator.

Is Connecticut Center For Advanced Technology Inc legitimate?

Connecticut Center For Advanced Technology Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut Center For Advanced Technology 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: $663,655
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,459,205

For more financial information, click here


Official website here: www.ccat.us

What is the mission statement of Connecticut Center For Advanced Technology Inc?

Connecticut Center for Advanced Technology Inc's mission is centered around driving the progress of applied technologies. Their objective is to prepare the workforce for the future and encourage innovation. In essence, they strive to assist small and medium-sized manufacturing companies in the aerospace and defense sectors, helping them compete effectively in these markets and adopt the necessary technologies to be part of the advanced aerospace and defense supply chain.


Official website here: www.ccat.us

Who is the CEO of Connecticut Center For Advanced Technology Inc?

John A Glidden is the Chairman Of The Board of Connecticut Center For Advanced Technology Inc. The CEO's salary of Connecticut Center For Advanced Technology Inc is $269,479 and their total compensation is $283,030.


Official website here: www.ccat.us

What is the revenue of Connecticut Center For Advanced Technology Inc?

Connecticut Center For Advanced Technology Inc's revenue in 2022 was $10,021,083.


Official website here: www.ccat.us

Who are the executives of Connecticut Center For Advanced Technology Inc and what are their salaries?

The average compensation at Connecticut Center For Advanced Technology Inc during 2022 was $58,922. There are 53 employees and 6 volunteers at Connecticut Center For Advanced Technology Inc.


Here are 13 key members and their salaries (Connecticut Center For Advanced Technology Inc's CEO's salary is $269,479 and their total compensation is $283,030):


Kevin Flanagan (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Douglas (Vice Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Allinson (Member Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adrian Cosma (Member Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodney Powell (Member Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teri Prive (Member Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Angelo (President & Ceo)
  • Compensation: $269,479
  • Related: $0
  • Other: $13,551
John A Glidden (Chief Financial Officer/Secretary)
  • Compensation: $189,926
  • Related: $0
  • Other: $27,983
Jacquelynn K Garofano (Chief Technology Officer)
  • Compensation: $148,350
  • Related: $0
  • Other: $14,366
Henry Babiec (Senior Manufacturing Applications Engineer)
  • Compensation: $119,633
  • Related: $0
  • Other: $9,236
Donna Cyr (Senior Contracts & Comnpliance Manager)
  • Compensation: $126,161
  • Related: $0
  • Other: $5,568
Joel M Rinebold (Director Of Energy Initiative)
  • Compensation: $119,309
  • Related: $0
  • Other: $6,186
Joseph B Wysocki (Director Of Manufacturing Technology)
  • Compensation: $147,304
  • Related: $0
  • Other: $20,804


Official website here: www.ccat.us

Where can I find the form 990 for Connecticut Center For Advanced Technology Inc?

Connecticut Center For Advanced Technology Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ccat.us

Learn more at the official website: www.ccat.us

Mission Statement of Connecticut Center For Advanced Technology Inc

Connecticut Center for Advanced Technology Inc is dedicated to driving the progression of applied technologies, fostering the workforce of the future, and catalyzing change. Their mission is multifaceted; it involves leading the advancement of technologies, empowering the workforce, and inspiring transformation. This nonprofit organization aims to provide support to small and medium-sized manufacturing companies in Connecticut, enabling them to compete effectively in the aerospace and defense markets. Moreover, the center encourages these companies to adopt the technologies and practices required to fully integrate into the next-generation aerospace and defense supply base.

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Impact




August, 2024

Connecticut Center For Advanced Technology Inc plays a vital role in leading the advancement of applied technologies, powering the workforce of the future, and inspiring change. Its focus on providing assistance to Connecticut's small and medium-sized manufacturing companies to compete in aerospace and defense markets and adopt necessary technologies and practices not only supports the growth of these businesses but also strengthens the aerospace and defense supply base for the future. Through its mission to advance technologies and empower the workforce, Connecticut Center For Advanced Technology Inc is making a significant impact on employment opportunities and economic development in the state of Connecticut.




This information is meant to be a general summary of Connecticut Center For Advanced Technology 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.

Revenue
$10,021,083 (2022)
Expenses
$10,483,557 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,036
  • Program Service Revenue: $2,164,632
  • Gross Receipts: $10,021,083

Assets and Liabilities:

  • Total Assets: $16,233,195
  • Total Liabilities: $11,603,598
  • Net Assets: $4,629,597

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Advanced Manufacturing

Revenue

$1,214,384

Education

Revenue

$503,655

Energy

Revenue

$41,236

Program Service Sublease Revenue

Revenue

$405,357

Organization Details

Founding Year

2004

Principal Officer

John A Glidden

Main Address

222 Pitkin Street, East Hartford, CT, 06108

NTEE Category

Code: J03 - Employment

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