Connecticut Center for Arts & Technology

Nonprofit profile at a glance

EIN
451257955
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
New Haven, CT, USA
Phone
2038239823
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Adult, Continuing Education

Official website

Reported finances

Revenue
$1,238,419
Expenses
$2,682,373
Assets
$931,224
Liabilities
$3,912,767

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • KEVIN A MYATT (VICE PRESIDENT/VICE CHAIR)
  • ERIK CLEMONS (ACTING PRESIDENT & CEO)

Highest reported compensation

  • ERIK CLEMONS (ACTING PRESIDENT & CEO): $641,553 total reported compensation
  • PAUL MCCRAVEN (DIRECTOR): $181,999 total reported compensation
  • OPAL HARMON (DIRECTOR OF OPERATION & HR): $123,287 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Conncat's mission is to inspire, motivate, and prepare youth and adults for educational and career advancement, through job training and youth programs.

What it reported doing in 2024

Conncat's bioscience training program has been designed to fulfill the market demand for trained professionals in laboratory operations. The program emphasizes bioscience skills while producing well-rounded professionals equipped to enter the fast-paced biotech and biopharmaceutical environments. As of october 2024, between four training cohorts, 52 applicants joined our pre-training academy, and 363,463. Across culinary cohorts 11 and 12, a total of 24 students enrolled. 40 applicants officially enrolled in biolaunch training. The 20 participants of cohorts one and two have finished their training timelines; 15 of these participants successfully completed the training and graduation requirements. Twenty participants are currently in training as chohorts three and four. To date, 13 trainees have secured employment.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 85
  • Accountability: 79
  • Sustainability: 8
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 70.3%; rating input score 70
  • Fundraising efficiency: $37.54 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 72.7%; rating input score 73; 15th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -116.6%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.35; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 4.2; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 15.5%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 5.6% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: -1.1% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 70.3% of spending went to programs
  • Governance: 8 of 11 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $1.9M in reported program spending
  • Leadership: top reported pay $642K · 12 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 1/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.