EIN 82-3795053

Conncorp LLC

IRS 501(c) type
501(c)(3)
Num. employees
28
Year formed
2021
Most recent tax filings
2022-12-01
Description
Conncorp LLC drives economic development and economic justice in impoverished communities by investing in local commercial and residential real estate, and minority-owned businesses. Its vision is to create a community where all citizens are thriving economically. As of September 23, 2021, the organization received tax exempt status after operating as a wholly owned disregarded entity that operated its programs through an affiliated tax-exempt entity Connecticut Center for Arts & Tech. Conncorp LLC is located in New Haven, CT.
Total revenues
$7,168,100
2022
Total expenses
$2,823,988
2022
Total assets
$36,784,901
2022
Num. employees
28
2022

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
GrantmakerDescriptionAmount
Dalio Family FundRestricted To Support the Economic Justice Fund$100,000
Economic Development Corporation of New HavenTo Serve As A Catalyst for Attracting Human and Capital Investment To the City and Its Neighborhoods.$75,000

Personnel at Conncorp LLC

NameTitleCompensation
Erik ClemonsChief Executive Officer and President$267,151
Andrew AschettinoChief Financial Officer$169,039
Anna BlandingChief Information Officer$240,001
Paul McCravenVice President$168,799
Carlton HighsmithBoard Chair and Treasurer$0

Financials for Conncorp LLC

RevenuesFYE 12/2022
Total grants, contributions, etc.$7,378,638
Program services$275,370
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-486,909
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,001
Total revenues$7,168,100

Form 990s for Conncorp LLC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
Data update history
December 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Received grants
Identified 1 new grant, including a grant for $75,000 from Economic Development Corporation of New Haven
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
South Central Connecticut Planning Region, 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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