Construction Institute Inc
- Assets
- $94.8k
- Revenue
- $354.9k
- Investments
- $0.0
- Employees
- 0
- Location
- East Hartford, CT
- Founding
- Data as of
- 12/2023
- EIN
- 84-3689480
Organization Overview
Construction Institute Inc is located in East Hartford, CT. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Construction Institute 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 12/2023, Construction Institute Inc generated $354.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $395.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR VISION IS IGNITING COLLABORATION FOR A BETTER BUILD WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL EDUCATION - A TOTAL OF 40 COURSES WERE OFFERED. 43 ONLINE USERS ENGAGED WITH 250 COURSES. IN-PERSON WROKSHOPS HAD 31 ENROLLEES ENGAGED WITH A TOTAL OF 6 COURSES.
PROGRAMS, WEBINARS & CONFERENCES - IN 2023, THERE WERE THREE MAJOR PROGRAMS, WITH A TOTAL OF 379 ATTENDEES.
NETWORKING EVENTS - THE INSTITUTE HELD SEVERAL IN-PERSON NETWORKING EVENTS. THERE WERE 8 MAJOR NETWORKING EVENTS, WITH A TOTAL OF 427 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zoraida Ferguson At-Large | Trustee | 1 | $0 |
Kara Bacik Gruss Co-Chair | OfficerTrustee | 1 | $0 |
Kathy Cowles Secretary | OfficerTrustee | 1 | $0 |
Petina Killiany Co-Chair | OfficerTrustee | 1 | $0 |
Melissa Ferrucci Treasurer | OfficerTrustee | 1 | $0 |
George Fink At-Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $64,223 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,738 |
| Total Program Service Revenue | $171,138 |
| Investment income | $0 |
| 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 | $354,876 |
| 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. | $74,200 |
| Compensation of current officers, directors, key employees. | $14,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,419 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $260 |
| Fees for services: Accounting | $4,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,572 |
| Advertising and promotion | $5,055 |
| Office expenses | $11,117 |
| Information technology | $17,129 |
| Royalties | $0 |
| Occupancy | $26,600 |
| Travel | $2,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,965 |
| All other expenses | $0 |
| Total functional expenses | $395,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,875 |
| 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 | $9,000 |
| 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 | $94,799 |
| Accounts payable and accrued expenses | $109 |
| 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 | $109 |
| Net assets without donor restrictions | $94,690 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $94,799 |