Northeast Connecticut Economic Alliance Inc

Organization Overview

Northeast Connecticut Economic Alliance Inc is located in Willimantic, CT. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Connecticut Economic Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Northeast Connecticut Economic Alliance Inc generated $14.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $39.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE, STIMULATE, STRENGTHEN, AND EXPAND THE ECONOMIC DEVELOPMENT OF NORTHEASTERN CONNECTICUT BY PROVIDING LOANS, RESOURCES, CONSULTING AND BUSINESS NETWORKING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ENTITY HAS ONE PROGRAM SERVICE WHICH RELATES DIRECTLY TO THE OVERALL GOALS AND MISSION STATEMENT OF THE ENTITY. THIS INCLUDES THE STRENGTHENING OF ECONOMIC DEVELOPMENT THROUGHOUT NORTHEASTERN CONNECTICUT BY PROVIDING LOANS, RESOURCES, CONSULTING AND BUSINESS NETWORKING.


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Board, Officers & Key Employees

Name (title)Compensation
Roger A Adams
Secretary
$0
Gail Bruhn
Treasurer
$0
Shawn Johnston
Chair
$0
William Jobbagy
Vice Chair
$0
Nereida Braasch
Director
$0
F Peter Casarella
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$14,400
Investment income $200
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,600

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