Program areas at Conncorp LLC
Effective september 23, 2021, Conncorp LLC received tax exempt status. Prior to september 23, 2021, the organization was a wholly owned disregarded entity that operated its programs through an affiliated tax-exempt entity Connecticut center for arts & technology ("conncat"). The operations prior to september 23, 2021 were included on conncat's form 990. The "prior year" activity reported on this return does not represent a full year's activity.conncorp is focused on economic development in new haven. Conncorp was designed to advance conncat's mission to provide opportunities to new haven's underserved residents. (see schedule o)our key activities include the acquisition and revitalization of commercial properties as well as investment in new and existing local community-based businesses. Conncorp also seeks to attract businesses to new haven and, ultimately, to catalyze and support a place-based impact investing ecosystem in the city.
Who funds Conncorp LLC
Grants from foundations and other nonprofits
Personnel at Conncorp LLC
| Name | Title | Compensation | Date of data |
|---|
| Erik Clemons | Chief Executive Officer and President | $267,151 | 2023-11-14 |
| Andrew Aschettino | Chief Financial Officer | $169,039 | 2022-12-31 |
| Anna Blanding | Chief Information Officer | $240,001 | 2022-12-31 |
| Paul McCraven | Vice President | $168,799 | 2022-12-31 |
| Carlton Highsmith | Board Chair and Treasurer | $0 | 2022-12-31 |
Financials for Conncorp LLC
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $7,378,638 | $1,743,454 | 323.2% |
| Program services | $275,370 | $64,353 | 327.9% |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $-486,909 | $15,493 | -3242.8% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $1,001 | $0 | 999% |
| Total revenues | $7,168,100 | $1,823,300 | 293.1% |
Organizations like Conncorp LLC
| Organization | Type | Location | Revenue |
|---|
| College Hill Community Urban Redevelopment Corporation (CHCURC) | 501(c)(3) | Cincinnati, OH | $2,036,754 |
| RDC Commercial Center | 501(c)(3) | Brooklyn, NY | $4,006,406 |
| Baltimore Arts Realty Corporation | 501(c)(3) | Baltimore, MD | $4,113,017 |
| Ohio Community Development Finance Fund | 501(c)(3) | Columbus, OH | $9,454,085 |
| Business Education Fund | 501(c)(3) | Alexandria, VA | $1,999,588 |
| Mountain Association | 501(c)(3) | Berea, KY | $6,043,653 |
| Kingsport Chamber Foundation | 501(c)(3) | Kingsport, TN | $3,697,780 |
| Downtown Brooklyn Partnership | 501(c)(3) | Brooklyn, NY | $2,460,291 |
| Midland Business Alliance Foundation | 501(c)(3) | Midland, MI | $2,060,176 |
| Cinnaire Lending Corporation | 501(c)(3) | Lansing, MI | $12,692,635 |
Data update history
December 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 14 new personnel
June 29, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Business and community development organizationsReal estate organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingTax deductible donations
General information
- Address
- 4 Science Park
- New Haven, CT 06511
- Metro area
- New Haven-Milford, CT
- County
- New Haven County, CT
- Phone
- (203) 823-9823
IRS details
- EIN
- 82-3795053
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2021
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 5313: Real Estate Services
- Parent/child status
- Central organization
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