Connectcr Inc
- Assets
- $4.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 82-3025860
Organization Overview
Connectcr Inc is located in Cedar Rapids, IA. The organization was established in 2018. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connectcr 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 12/2021, Connectcr Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $17.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE QUALITY OF LIFE IN LINN COUNTY AND BEYOND BY EXPANDING CONNECTIVITY FOR RECREATION, IMPROVING UNDER-UTILIZED COMMUNITY ASSETS, LEVERAGING FLOOD MITIGATION, AND CREATING AN ICONIC SYMBOL FOR THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTCR WILL IMPROVE THE QUALITY OF LIFE IN LINN COUNTY AND BEYOND BY EXPANDING CONNECTIVITY FOR RECREATION, IMPROVING UNDER-UTILIZED COMMUNITY ASSETS, LEVERAGING FLOOD MITIGATION, AND CREATING AN ICONIC SYMBOL FOR THE CITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Kraft Director Of Organizational | OfficerTrustee | 12 | $12,876 |
Lee Clancey Vice President | OfficerTrustee | 0.5 | $0 |
Michael Mcgrath President | OfficerTrustee | 3 | $0 |
Steve Sovern Treasurer | OfficerTrustee | 4 | $0 |
Tom Peffer Director | Trustee | 2 | $0 |
Dale Todd Director, Ex-Officio | Trustee | 4 | $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 | $1,311,062 |
| Noncash contributions included in lines 1a–1f | $192 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,311,062 |
| Total Program Service Revenue | $0 |
| Investment income | $24,381 |
| 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 | $1,335,443 |
| 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. | $11,328 |
| Compensation of current officers, directors, key employees. | $5,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $325 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $608 |
| Office expenses | $329 |
| Information technology | $221 |
| Royalties | $0 |
| Occupancy | $118 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $17,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,085 |
| Savings and temporary cash investments | $4,407,150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $4,412,235 |
| Accounts payable and accrued expenses | $3,150 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,150 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $4,409,085 |
| Total liabilities and net assets/fund balances | $4,412,235 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Connectcr Inc has recieved totaling $923,809.
| Awarding Organization | Amount |
|---|---|
Alliant Energy Foundation Inc Madison, WI PURPOSE: COMMUNITY GRANT | $500,000 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA PURPOSE: GENERAL SUPPORT, IPADDLE PORTABLE RENTAL STATION & DOCK, CONNECTCR AWAKENING CONNECTIONS CAMPAIGN | $263,309 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $65,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $65,000 |
GreenState Credit Union UNION North Liberty, IA PURPOSE: Awakening Connections | $20,000 |
Linge Foundation Waterloo, IA PURPOSE: GENERAL OPERATING BUDGET | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |
Colonel Il James N Pritzker Library For The Citizen Soldier Chicago, IL | $30,735,848 | $6,408,136 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
The Durham Museum Omaha, NE | $15,389,425 | $5,410,421 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Clover Fields Preservation Foundation Inc Minneapolis, MN | $10,552,332 | $5,740,196 |
Frank Lloyd Wright Trust Chicago, IL | $6,763,209 | $2,823,161 |
Chicago Police Memorial Foundation Chicago, IL | $19,000,783 | $6,539,777 |
The Basilica Landmark Minneapolis, MN | $10,889,737 | $3,579,135 |
Otho S A Sprague Memorial Institute Chicago, IL | $50,228,527 | $3,261,875 |
Orpheum Theatre Preservation Project Ltd Sioux City, IA | $9,952,360 | $2,698,691 |
The Chicago Club Preservation Foundation Chicago, IL | $3,351,972 | $672,833 |