Overview
What is Conncorp Llc?
Conncorp LLC, based in New Haven, Connecticut, is a tax-exempt organization that obtained its status on September 23, 2021. Prior to this, it operated as a disregarded entity, with its activities reported under the affiliated tax-exempt entity, Connecticut Center for Arts & Technology (ConnCat). Focused on economic development in New Haven, Conncorp aims to advance ConnCat's mission of providing opportunities for underserved residents. Their key activities involve the acquisition and revitalization of commercial properties, investment in local community-based businesses, and attracting businesses to New Haven. Conncorp's mission is to drive economic development and economic justice in impoverished communities by investing in local commercial and residential real estate, and minority-owned businesses. Their vision is to create a community where all citizens thrive economically and socially, contributing to the overall well-being of the city.
Official website here: www.conncorp.org
Is Conncorp Llc legitimate?
Conncorp Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Conncorp Llc 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: $1,018,503
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,148,908
For more financial information, click here
Official website here: www.conncorp.org
What is the mission statement of Conncorp Llc?
Conncorp LLC's mission is centered around driving economic development and economic justice in impoverished communities. They achieve this by investing in local commercial and residential real estate, as well as minority-owned businesses. The organization's vision is to create a community where all citizens thrive economically and socially. Prior to September 23, 2021, Conncorp LLC operated through an affiliated tax-exempt entity, Connecticut Center for Arts & Technology (ConnCat). Their key activities include the acquisition and revitalization of commercial properties, as well as investment in new and existing local community-based businesses. They also aim to attract businesses and catalyze a place-based impact investing ecosystem.
Official website here: www.conncorp.org
Who is the CEO of Conncorp Llc?
Erik Clemons is the CEO of Conncorp Llc The CEO's salary of Conncorp Llc is $311,651 and their total compensation is $352,896.
Official website here: www.conncorp.org
What is the revenue of Conncorp Llc?
Conncorp Llc's revenue in 2023 was $5,587,210.
Official website here: www.conncorp.org
Who are the executives of Conncorp Llc and what are their salaries?
The average compensation at Conncorp Llc during 2023 was $67,732. There are 32 employees and 8 volunteers at Conncorp Llc.
Here are 19 key members and their salaries (Conncorp Llc's CEO's salary is $311,651 and their total compensation is $352,896):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $311,651
- Related: $0
- Other: $41,245
- Compensation: $175,000
- Related: $0
- Other: $26,797
- 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
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $240,001
- Related: $0
- Other: $0
- Compensation: $205,192
- Related: $0
- Other: $40,068
- Compensation: $133,522
- Related: $0
- Other: $37,997
- Compensation: $110,154
- Related: $0
- Other: $23,297
- Compensation: $109,869
- Related: $0
- Other: $19,674
- Compensation: $101,731
- Related: $0
- Other: $47,057
- Compensation: $102,500
- Related: $0
- Other: $4,933
Official website here: www.conncorp.org
Where can I find the form 990 for Conncorp Llc?
Conncorp Llc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.conncorp.org
Learn more at the official website: www.conncorp.org
Mission Statement of Conncorp Llc
Conncorp LLC, a nonprofit organization, is dedicated to driving economic development and economic justice in impoverished communities. Its mission is twofold: firstly, it invests in local commercial and residential real estate, aiming to revitalize existing properties and stimulate economic growth. Secondly, Conncorp supports minority-owned businesses, providing them with the resources they need to thrive. The organization's ultimate goal is to create a community where all citizens can prosper economically and socially. Prior to September 23, 2021, Conncorp operated through an affiliated tax-exempt entity, Connecticut Center for Arts & Technology (Conncat). Since receiving tax-exempt status, Conncorp has been focusing on economic development in its community, seeking to attract businesses and support a local impact investing ecosystem.
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Impact
July, 2024
Conncorp Llc's impact on impoverished communities in New Haven, CT, is significant. By driving economic development and economic justice through investments in local commercial and residential real estate, as well as minority-owned businesses, Conncorp is actively working to create a community where all citizens can thrive economically and socially. Their focus on revitalizing commercial properties and supporting local businesses not only boosts the local economy but also contributes to the overall well-being of underserved residents in the area. Conncorp's efforts are helping to build a more inclusive and prosperous environment in New Haven for everyone.
This information is meant to be a general summary of Conncorp Llc. 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.
- Program Service Revenue: $502,559
- Gross Receipts: $5,620,054
Assets and Liabilities:
- Total Assets: $36,784,901
- Total Liabilities: $17,015,883
- Net Assets: $19,769,018
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CULINARY INCOME
Revenue
$502,559
Organization Details
Founding Year
2021
Principal Officer
Erik Clemons
Website
www.conncorp.orgNTEE Category
Code: S20 - Community improvement
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