NonprofitsConncorp Llc

Community Improvement & Capacity Building

Conncorp Llc

NEW HAVEN, CT

Total revenue

$7.4M

Total expenses

$4.8M

Net assets

$23.7M

Grants received

$1.4M

3 grants

EIN

823795053

Tax year

2024

Mission

To drive economic development and economic justice in impoverished communities (see sch o)our mission is to drive economic development and economic justice in impoverished communities by investing in local commercial and residential real estate, and minority-owned businesses.

Programs

3 programs

"economic impact lab - the lab has successfully partnered with quinnipiac university to establish a robust entrepreneurial training program, which graduated 40 clients this past year. The lab has also hosted ongoing business related seminars, and provided technical support through it's business incubator. The lab was also successful in obtaining a four million dollar sba grant, primarily to complete the renovation of two more floors to be used as incubator space to meet the growingdemand."

Expenses: $786K

Conncat place on dixwell - conncorp has broken ground and started construction on the first building as part of a major mixed-use development. The development will include a training center, 184 units of housing, performing arts center, a grocery,various retail and a daycare center.

Expenses: $252K

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. Additional 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.

Expenses: $218KGrants: $41K

Financials

FY 2024

Revenue

Contributions & grants$6.4M
Program service revenue$530K
Investment income$150K
Other revenue$242K
Total revenue$7.4M

Expenses

Grants paid$41K
Salaries & benefits$2.6M
Fundraising$60K
Other expenses$2.2M
Total expenses$4.8M
Total assets$81.2M
Net assets$23.7M

People

17 listed

NameRoleCompensation

ERIK CLEMONS

CEO / PRESIDENT & SECRETAR

Board

$471K

20 hrs/wk

ANNA BLANDING

CIO

Board

$262K

40 hrs/wk

PAUL MCCRAVEN

VICE PRESIDENT

Board

$170K

40 hrs/wk

ANDREW ASCHETTINO

CFO

Board

$129K

40 hrs/wk

NINA SILVA

BOARD DIRECTOR

Board

1 hrs/wk

BRIDGET D'ANGELO

BOARD DIRECTOR

Board

1 hrs/wk

MALCOLM ELLIS

BOARD DIRECTOR

Board

1 hrs/wk

KIM HARRIS

BOARD DIRECTOR

Board

1 hrs/wk

MILES LASATER

BOARD DIRECTOR

Board

1 hrs/wk

JESSE PHILLIPS

BOARD DIRECTOR

Board

1 hrs/wk

CARLTON L HIGHSMITH

BOARD CHAIR / TREASURER

Board

3 hrs/wk

ALAN BOWIE

BOARD DIRECTOR

Board

1 hrs/wk

GIDEON GEBREYESUS

VP OF FOOD SERVICES

Staff

$119K

40 hrs/wk

ANDREA TAYLOR

HR DIRECTOR

Staff

$112K

40 hrs/wk

JAHKEEVA K MORGAN

DIRECTOR OF THE LAB

Staff

$109K

40 hrs/wk

IAN WILLIAMS

VP OF HOUSING

Staff

$108K

40 hrs/wk

ELAINE ROPER

VP OF CULTURE AND COMMUNITY

Staff

$101K

40 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$1M
TO SUPPORT GENERAL OPERATIONS
2023
$250K
GRANT TO WEALTH SOLUTIONS ACCELERATOR PARTNERSHIP THAT WILL SUPPORT IDEAS/INTITATIVES TO ADDRESS RACIAL WEALTH GAPS
2023
$100K
RESTRICTED TO SUPPORT THE ECONOMIC JUSTICE FUND
2022

Funded by

$1.4M from 2 funders · 3 grants · 2022–2023

Dalio Family Fund Inc

$1.1M · 2 grants · 2022–2023

The Connecticut Project Inc

$250K · 1 grant · 2023

Details

EIN823795053
NTEE codeS20
Subsection03
Ruling date2022-04
Formed2021
Employees28
Volunteers8
CONNCORP LLC — Mission, Financials & Grants Received | Grantivo