Overview
What is The Connecticut Project Inc?
The Connecticut Project Inc, located in Bridgeport, Connecticut, is a nonprofit organization dedicated to improving systems and enhancing opportunities for lower-income individuals in Connecticut. With a mission to create a just, thriving, and optimistic state where factors like race, gender, income, and geography do not restrict opportunities, they have mobilized communities and resources to focus on economic empowerment. Their initiatives include working in coalition for public service loan forgiveness, providing funding for childcare business incubators, and supporting the launch of the Center for Housing Equity and Opportunity in Eastern Connecticut. These efforts have positively impacted the lives of thousands of Connecticut residents, offering financial relief, access to education, and opportunities for affordable housing. The organization, with a team of eight employees, continues to strive for a more equitable and inclusive Connecticut.
Official website here: www.ctproject.org
What are the reviews and ratings of this charity?
The Connecticut Project Inc is not currently rated by Charity Navigator. The absence of a rating does not suggest a positive or negative evaluation but rather reflects the need for additional data, specifically in the areas of Accountability & Finance and Impact & Measurement, to meet the eligibility criteria for a comprehensive assessment.
The organization has only two years of electronically-filed IRS Form 990 data available, thus, more fiscal data is needed for a complete evaluation. Key personnel salaries are disclosed, with the President and CEO, Garth Harries, earning $275,000, and other executives listed with their respective compensations. The nonprofit is independently affiliated and receives significant support from government units or the general public.
While specific performance metrics or program effectiveness ratings are not available, this lack of scoring in Impact & Measurement or Culture & Community is attributed to insufficient data or the nature of their services. Without user reviews from GreatNonprofits, there is limited public sentiment to gauge community impact or satisfaction directly.
This AI summary has been generated from information found on Charity Navigator.
Is The Connecticut Project Inc legitimate?
The Connecticut Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Connecticut Project 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: $453,585
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,169,417
For more financial information, click here
Official website here: www.ctproject.org
What is the mission statement of The Connecticut Project Inc?
The Connecticut Project is a non-profit organization with a mission to enhance systems and mobilize resources to improve the lives of lower-income or asset-limited people in Connecticut. Focusing on economic empowerment, the organization's efforts encompass early education, housing, democracy, governance, and financial well-being. Through extensive conversations with individuals and organizations across the state, the Connecticut Project has made significant strides in areas such as public service loan forgiveness and the launch of childcare business incubators, benefiting thousands and catalyzing growth in multiple communities.
Official website here: www.ctproject.org
Who is the CEO of The Connecticut Project Inc?
Garth Harries is the CEO of The Connecticut Project Inc The CEO's salary of The Connecticut Project Inc is $238,888 and their total compensation is $350,532.
Official website here: www.ctproject.org
What is the revenue of The Connecticut Project Inc?
The Connecticut Project Inc's revenue in 2023 was $1,148,997.
Official website here: www.ctproject.org
Who are the executives of The Connecticut Project Inc and what are their salaries?
The average compensation at The Connecticut Project Inc during 2023 was $108,200. There are 15 employees at The Connecticut Project Inc.
Here are 12 key members and their salaries (The Connecticut Project Inc's CEO's salary is $238,888 and their total compensation is $350,532):
- 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: $238,888
- Related: $49,863
- Other: $61,781
- Compensation: $154,832
- Related: $27,404
- Other: $11,603
- Compensation: $205,323
- Related: $19,433
- Other: $57,054
- Compensation: $158,664
- Related: $8,352
- Other: $56,207
- Compensation: $136,690
- Related: $7,541
- Other: $27,449
- Compensation: $82,664
- Related: $59,749
- Other: $25,599
- Compensation: $137,033
- Related: $7,582
- Other: $18,466
Official website here: www.ctproject.org
Where can I find the form 990 for The Connecticut Project Inc?
The Connecticut Project Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ctproject.org
Learn more at the official website: www.ctproject.org
Mission Statement of The Connecticut Project Inc
The Connecticut Project Inc, a 501c3 organization, strives to mobilize communities and resources in Connecticut to enhance systems that improve the lives of lower-income or asset-limited people. With a mission rooted in economic empowerment, this organization focuses on early education, housing, democracy, governance, and financial well-being.
Built on extensive conversations with individuals and organizations across the state, The Connecticut Project Inc continues to explore its role in making Connecticut a more just, thriving, and optimistic place where factors such as race, gender, income, and geography do not predetermine opportunity. Some of the initiatives undertaken by this organization include public service loan forgiveness and the launch of childcare business incubators.
In the realm of public service loan forgiveness, The Connecticut Project Inc spearheaded a coalition to connect over 7,000 Connecticut public servants from the government, nonprofit, and educational sectors with more than $500 million in debt forgiveness. This significant achievement surpassed Connecticut's neighboring states' efforts by $50-$75 million.
Furthermore, the organization's involvement in childcare business incubators brought about the launch of the New Britain Childcare Business Incubator. This catalytic project initiated incubator planning teams in another six eligible communities, aiming to create more opportunities for affordable childcare and early education services.
Aside from these initiatives, The Connecticut Project Inc also supports the launch of the Center for Housing Equity and Opportunity in Eastern Connecticut. This center plays a crucial role in enhancing capacity for more affordable housing development in the region, contributing to a more inclusive and equitable living environment for residents.
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Impact
October, 2024
The Connecticut Project Inc has significantly impacted the state by fostering economic empowerment and equitable opportunities for underserved communities. By facilitating over 200 conversations with diverse stakeholders, the organization has identified pressing needs and crafted targeted strategies to address them.
One of its most notable achievements is the Public Service Loan Forgiveness initiative, which has connected more than 7,000 public servants in Connecticut to over $500 million in debt forgiveness. This figure surpasses debt relief achieved in neighboring states by $50-$75 million, demonstrating a substantial benefit to those serving in critical public roles.
Additionally, The Connecticut Project Inc has played a pivotal role in early childhood education by funding the launch of the Childcare Business Incubator in New Britain. This initiative not only supports new childcare providers but has inspired similar incubator planning teams in six other communities, enhancing access to quality early education and care.
The organization's commitment to housing equity is evident through its support for the Center for Housing Equity and Opportunity in Eastern Connecticut, which aims to increase affordable housing development in the region. By focusing on these key areas—education, housing, and economic stability—The Connecticut Project Inc is helping to create a more just, thriving, and optimistic environment where race, gender, income, and geography do not predetermine opportunity.
This information is meant to be a general summary of The Connecticut Project 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: $1,145,576
- Gross Receipts: $1,148,997
Assets and Liabilities:
- Total Assets: $30,991,305
- Total Liabilities: $282,463
- Net Assets: $30,708,842
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Organization Details
Founding Year
2021
Principal Officer
Garth Harries
Website
www.ctproject.orgNTEE Category
Code: S99 - Community improvement
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