Overview
What is Connecticut Invention Convention?
Connecticut Invention Convention is a nonprofit organization situated in Hartford, Connecticut. Their primary mission is to provide young students with opportunities to enhance their critical thinking and problem-solving skills through invention and innovation. They achieve this by conducting a year-round STEM program, which includes classroom instruction in invention, innovation, and entrepreneurship. This program culminates in an annual finals event, drawing from over 200 local events, to showcase and recognize the inventions, prototypes, and products of talented young inventors and entrepreneurs. The organization's activities aim to instill a creative spirit in students, fostering their abilities from an early age and throughout their lives. Their team consists of 7 dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)
The Connecticut Invention Convention (CIC) has achieved a remarkable 95% rating from Charity Navigator, indicating a strong commitment to accountability and financial health. With a 90% score in Accountability & Finance and a perfect 100% in Leadership & Adaptability, the organization demonstrates robust governance practices and effective financial management. Notable highlights include 100% independent board membership and strong program expense ratios, signifying that the majority of funds are directed toward its mission.
User feedback reflects high satisfaction with the CIC's educational programs, particularly in fostering innovation among children. A board member noted that the CIC has been a vital institution in Connecticut for over 30 years, engaging around 15,000 students annually across 200 schools. Participants are guided through the invention process, which includes prototyping and marketing, culminating in a state-level showcase at UConn.
While the organization has received overwhelmingly positive reviews, it continues to rely on a small staff supplemented by volunteers, emphasizing its efficient use of resources. This structure enables the CIC to effectively promote creativity and problem-solving skills among youth, making a significant impact on the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Connecticut Invention Convention legitimate?
Connecticut Invention Convention is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut Invention Convention 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: $210,793
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,171
For more financial information, click here
What is the mission statement of Connecticut Invention Convention?
The Connecticut Invention Convention's mission is to offer children the chance to enhance their critical thinking and problem-solving skills through invention and innovation. By participating in this program, the organization aims to foster creativity in students, an attribute that can benefit them throughout their lives. The organization conducts a year-round STEM program, which includes classroom instruction in invention, innovation, and entrepreneurship. This culminates in an annual event, where the finest inventions, prototypes, and products created by young innovators and entrepreneurs are showcased, adjudicated, and recognized.
Who is the CEO of Connecticut Invention Convention?
Kyle Gibbons is the President of Connecticut Invention Convention.
What is the revenue of Connecticut Invention Convention?
Connecticut Invention Convention's revenue in 2022 was $691,437.
Who are the executives of Connecticut Invention Convention and what are their salaries?
The average compensation at Connecticut Invention Convention during 2022 was $34,852. There are 7 employees and 825 volunteers at Connecticut Invention Convention.
Here are 18 key members and their salaries:
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Where can I find the form 990 for Connecticut Invention Convention?
Connecticut Invention Convention's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Connecticut Invention Convention
Connecticut Invention Convention, a notable organization, is committed to providing children in Connecticut with valuable opportunities to enhance their critical thinking and problem-solving skills. This is achieved through the stimulation of invention and innovation, with the ultimate goal of instilling a creative spirit in these students that will last throughout their lives. The organization carries out this mission through a year-round STEM program, which includes classroom instruction in invention, innovation, and entrepreneurship. This program culminates in an annual finals event, drawing from over 200 local events. At this event, young inventors and entrepreneurs showcase their inventions, prototypes, and products, allowing them to be recognized and celebrated for their achievements.
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Impact
July, 2024
Connecticut Invention Convention has had a significant impact on the children of Connecticut by providing opportunities for them to develop critical thinking and problem-solving skills through invention and innovation. By instilling the creative spirit in students today, the organization is shaping the future generations to think outside the box and come up with innovative solutions to complex problems. Through its year-round STEM program of K-12 classroom-based instruction, Connecticut Invention Convention is nurturing young inventors and entrepreneurs, preparing them for success in the ever-evolving world of technology and innovation. The annual finals event, which draws from over 200 local events, not only showcases the inventions, prototypes, and products of these young innovators but also recognizes their achievements, inspiring them to continue pursuing their passion for science and research.
This information is meant to be a general summary of Connecticut Invention Convention. 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: $49
- Program Service Revenue: $57,214
- Gross Receipts: $691,437
Assets and Liabilities:
- Total Assets: $786,925
- Total Liabilities: $53,547
- Net Assets: $733,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION
Revenue
$30,914
PROFESSIONAL DEVELOPMENT
Revenue
$26,300
Organization Details
Founding Year
1992
Phone
(860) 793-5299Principal Officer
Kyle Gibbons
Main Address
PO BOX 230311, HARTFORD, CT, 06123
NTEE Category
Code: U99 - Science research
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