Connecticut Center For Arts & Technology Inc
- Assets
- $2.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 27
- Location
- New Haven, CT
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 45-1257955
Organization Overview
Connecticut Center For Arts & Technology Inc is located in New Haven, CT. The organization was established in 2011. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, Connecticut Center For Arts & Technology Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Center For Arts & Technology 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 12/2022, Connecticut Center For Arts & Technology Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Connecticut Center For Arts & Technology Inc has awarded 13 individual grants totaling $130,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONNCAT'S MISSION IS TO INSPIRE, MOTIVATE, AND PREPARE YOUTH AND ADULTS FOR EDUCATIONAL AND CAREER ADVANCEMENT, THROUGH AFTER-SCHOOL ARTS, AND JOB TRAINING PROGRAMMING. CONNCAT'S VISION IS TO CREATE A LEARNING ENVIRONMENT THAT INSPIRES HOPE, INNOVATION, CREATIVITY AND EXCELLENCE WHILE PROVIDING A PATH FOR INDIVIDUALS TO REVITALIZE THE LANDSCAPE OF THE URBAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTICUT CENTER FOR ARTS & TECHNOLOGY ("CONNCAT") OFFERS TRAINING PROGRAMS IN CULINARY ARTS, PHLEBOTOMY, AND MEDICAL BILLING AND CODING. THE TRAINING TIME VARIES FOR EACH PROGRAM. THE GRADUATION RATE IS 58% OF THOSE ENROLLED AND 64% ARE EMPLOYED WHO COMPLETED AND GRADUATED. IN ADDITION, THE CENTER OFFERS AFTER-SCHOOL AND SUMMER PROGRAMS TO LOCAL YOUTHS. ENTREPRENEUR LEADERSHIP ACADEMY - STATEWIDE PROGRAMS FOR 80 HIGH SCHOOL STUDENTS TEACHING ENTREPENEURSHIP AND BUSINESS PRINCIPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlton L Highsmith Board Chairman | OfficerTrustee | 0.5 | $0 |
Kevin A Myatt Board Vice Chair | OfficerTrustee | 0.5 | $0 |
Catherine E Lamarr ESQ Board Treasurer | OfficerTrustee | 0.5 | $0 |
Alexis N Highsmith Smith ESQ Board Secretary | OfficerTrustee | 0.5 | $0 |
Erik Clemons President & CEO / Director | OfficerTrustee | 20 | $0 |
Paul Mccraven Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,500 |
| Membership dues | $0 |
| Fundraising events | $47,042 |
| Related organizations | $0 |
| Government grants | $244,216 |
| All other contributions, gifts, grants, and similar amounts not included above | $759,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,065,669 |
| Total Program Service Revenue | $16,641 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$33,536 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,887 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,030,188 |
| 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. | $124,540 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $763,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,763 |
| Payroll taxes | $73,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,125 |
| Advertising and promotion | $350 |
| Office expenses | $44,658 |
| Information technology | $45,961 |
| Royalties | $0 |
| Occupancy | $447,506 |
| Travel | $948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $385,278 |
| Insurance | $46,185 |
| All other expenses | $76,990 |
| Total functional expenses | $2,206,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,111 |
| Savings and temporary cash investments | $40,115 |
| Pledges and grants receivable | $808,129 |
| Accounts receivable, net | $207,784 |
| 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 | $16,134 |
| Net Land, buildings, and equipment | $745,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $581,425 |
| Total assets | $2,427,184 |
| Accounts payable and accrued expenses | $201,707 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,895,310 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $609,410 |
| Total liabilities | $2,706,427 |
| Net assets without donor restrictions | -$1,045,296 |
| Net assets with donor restrictions | $766,053 |
| 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 | $2,427,184 |
Grants Awarded
Over the last fiscal year, Connecticut Center For Arts & Technology Inc has awarded $130,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
THE ANCHOR SPA PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |
VEGAN AHAVA PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |
THREADS BY TEA PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |
GREEN ELM CONSTRUCTION PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |
OPAL STORK HOME CARE PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |
NEW HAVEN FIRESTOP SYSTEMS PURPOSE: CONNCORP ECONOMIC JUSTICE FUND FOR MINORITY OWNED BUSINESSES GROWTH | $10,000 |