Connecticut Invention Convention Inc
- Assets
- $786.9k
- Revenue
- $691.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Hartford, CT
- Founding
- 06/1992
- Data as of
- 06/2022
- EIN
- 22-3173317
Organization Overview
Connecticut Invention Convention Inc is located in Hartford, CT. The organization was established in 1992. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 06/2022, Connecticut Invention Convention Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Invention Convention 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, Connecticut Invention Convention Inc generated $691.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $418.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHILDREN OF CT WITH OPPORTUNITIES TO DEVELOP CRITICAL THINKING AND PROBLEM SOLVING SKILLS THROUGH INVENTION & INNOVATION, INSTILLING THE CREATIVE SPIRIT IN STUDENTS TODAY AND FOR THE REST OF THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS A YEARROUND STEM PROGRAM OF K12 CLASSROOM BASED INSTRUCTION IN INVENTION, INNOVATION AND ENTREPRENEURSHIP, CULMINATING WITH AN ANNUAL FINALS EVENT, DRAWN FROM OVER 200 LOCAL EVENTS, TO DISPLAY, ADJUDICATE, AND RECOGNIZE YOUNG INVENTORS AND ENTREPRENEURS INVENTIONS, PROTOTYPES AND PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Lawlor-King Until 22022 Ex-Officio | Officer | 40 | $104,117 |
Nick Briere Ex-Officio | Officer | 40 | $85,000 |
Carol M Scully Ex-Officio | Officer | 40 | $21,676 |
Toren Kutnick Vice Preside | OfficerTrustee | 2 | $0 |
Kyle Gibbons Treasurer | OfficerTrustee | 2 | $0 |
Justin Durelli Secretary | OfficerTrustee | 2 | $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 | $634,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,174 |
| Total Program Service Revenue | $57,214 |
| Investment income | $49 |
| 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 | $691,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,793 |
| Compensation of current officers, directors, key employees. | $46,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,987 |
| Payroll taxes | $20,113 |
| Fees for services: Management | $34,195 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,149 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,273 |
| Advertising and promotion | $7,785 |
| Office expenses | $0 |
| Information technology | $4,887 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $602 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,432 |
| All other expenses | $0 |
| Total functional expenses | $418,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $699,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,542 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $786,925 |
| Accounts payable and accrued expenses | $33,547 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $53,547 |
| Net assets without donor restrictions | $539,644 |
| Net assets with donor restrictions | $193,734 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $786,925 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Connecticut Invention Convention Inc has recieved totaling $300,703.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $185,943 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $31,844 |
Eversource Energy Foundation Inc Hartford, CT PURPOSE: SUPPORT FOR THE YOUTH INVENTION PROGRAMS | $25,000 |
The Lemelson Foundation Portland, OR PURPOSE: TO PROVIDE SUPPORT TO DEVELOP AND DISSEMINATE WITHIN THE INVENTION EDUCATION COMMUNITY AN UNBRANDED SET OF VIDEOS AND SUPPORTING ASSETS, LEVERAGING THE REALWORLD STORIES OF IMPACT FROM STUDENTS, EDUCATORS, AND OTHER DIRECT BENEFICIARIES OF THE WORK OF INVENTION EDUCATION'S MANY MEMBERS. | $25,000 |
Community Foundation Of Greater New Britain Inc New Britain, CT PURPOSE: TO PROVIDE SUPPORT FOR NEW BRITAIN INVENTION CONVENTION INITIATIVE | $20,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,698 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Rhode Island Research Foundation Kingston, RI | $7,209,460 | $8,986,945 |
Public Archaeology Laboratory Inc Pawtucket, RI | $13,550,975 | $5,708,480 |
William & Mary Greve Foundation Inc Norfolk, CT | $26,806,956 | $4,445,583 |
American Vacuum Society Incorporated New York, NY | $15,639,477 | $3,580,323 |
Art Science Research Laboratory Inc New York, NY | $240,453 | $3,090,633 |
Interaction Institute Boston, MA | $4,627,027 | $4,733,561 |
New York Wine Grape Foundation Penn Yan, NY | $1,037,774 | $2,662,535 |
Fragrance Foundation Inc New York, NY | $4,383,743 | $2,574,957 |
Policy Research Inc Delmar, NY | $614,854 | $1,916,396 |
The Solar Foundation Albany, NY | $0 | $1,336,664 |
Research Institute For Learning And Development Lexington, MA | $900,600 | $1,374,678 |
New York State Association For Latham, NY | $359,200 | $986,634 |