Connecticut Economic Resource

New Haven, CT
Tax-exempt since Dec. 1994
EIN: 06-1369657

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Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Revenue

$5.04M (2023)

Expenses

$4.72M (2023)

Total Assets

$3.9M (2023)

Total Liabilities

$1.36M (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$5,035,626

Expenses

$4,722,183

Net Income

$313,443

Net Assets

$2,547,360

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,794,788	55.5%
Program Services	$2,080,070	41.3%
Investment Income	$50,072	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$110,696	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$963,208	20.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,233,730	26.1%

Assets/Debt
Total Assets	$3,903,297
Total Liabilities	$1,355,937
Net Assets	$2,547,360

Compensation

Key Employees and Officers	Compensation	Related	Other
Peter L Denious (Ceo (Thru 9/30))	$227,798	$0	$32,150
John W Bourdeaux (President & Ceo)	$198,508	$0	$10,277
Catherine Scangarella (Vp Business Development)	$153,462	$0	$17,340
Shirar Mugler (Vp, Marketing)	$143,285	$0	$30,305
Rachel Gretencord (Vp, Research)	$136,462	$0	$13,621
Edwin Fisher (Director, Business Development)	$119,005	$0	$28,097
Timothy Miller (Senior Dir, Business Development)	$115,723	$0	$17,776
Patricia Mclaughlin (Vp Operations)	$102,042	$0	$5,697
Lisa Mercurio (Vp Business Development)	$101,323	$0	$27,004
R Adam Norwitt (Co Chair)	$0	$0	$0
Judy Olian (Co Chair)	$0	$0	$0
Dan Okeefe (Director & Treasurer)	$0	$0	$0
Josh Geballe (Secretary)	$0	$0	$0
Donald Allan (Director)	$0	$0	$0
Frank Reynolds (Director)	$0	$0	$0
Greg Butler (Director)	$0	$0	$0
Margaret Keane (Director)	$0	$0	$0
Kathleen Silard (Director)	$0	$0	$0
Carlton Highsmith (Director)	$0	$0	$0
James Smith (Director)	$0	$0	$0
Judy Marks (Director)	$0	$0	$0
Jay Williams (Director)	$0	$0	$0
Jeffrey Sonnenfeld Sr (Director)	$0	$0	$0
Raj Ramachandran (Director)	$0	$0	$0
Larry Bingaman (Director)	$0	$0	$0
See filing for compensation of 4 other people →

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990

Filed on Sept. 20, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$4,786,663

Expenses

$4,370,375

Net Income

$416,288

Net Assets

$2,233,917

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,384,167	49.8%
Program Services	$2,400,668	50.2%
Investment Income	$1,828	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,165,935	49.6%

Assets/Debt
Total Assets	$4,751,498
Total Liabilities	$2,517,581
Net Assets	$2,233,917

Compensation

Key Employees and Officers	Compensation	Related	Other
Peter L Denious (Ceo)	$247,432	$0	$37,328
John Bourdeaux (President)	$199,500	$0	$10,327
Courtney Hendricson (Vp, Partnerships)	$130,987	$0	$6,894
Rachel Gretencord (Vp, Research)	$129,563	$0	$13,522
Shirar Mugler (Vp, Marketing)	$122,769	$0	$33,461
Edwin Fisher (Director, Business Development)	$102,403	$0	$31,049
Jeffrey Sonnenfeld Sr (Director & Co Chair)	$0	$0	$0
Margaret Keane (Director & Co Chair)	$0	$0	$0
David Lehman (Director & Treasurer)	$0	$0	$0
Donald Kendall Jr (Vice Chair & Secretary)	$0	$0	$0
Donald Allan (Director)	$0	$0	$0
Frank Reynolds (Director)	$0	$0	$0
Greg Butler (Director)	$0	$0	$0
Thomas Rutledge (Director)	$0	$0	$0
Josh Geballe (Director)	$0	$0	$0
Kathleen Silard (Director)	$0	$0	$0
Carlton Highsmith (Director)	$0	$0	$0
James Smith (Director)	$0	$0	$0
Judy Marks (Director)	$0	$0	$0
Jay Williams (Director)	$0	$0	$0
R Adam Norwitt (Director)	$0	$0	$0
Judy Olian (Director)	$0	$0	$0
Raj Ramachandran (Director)	$0	$0	$0
Deepak Mishra (Director)	$0	$0	$0

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990

Filed on Aug. 1, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$4,805,353

Expenses

$3,880,975

Net Income

$924,378

Net Assets

$1,817,629

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,159,917	44.9%
Program Services	$2,663,192	55.4%
Investment Income	$1,298	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$525	0.0%
Net Fundraising	$0
Sales of Assets	-$19,579
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,966,236	50.7%

Assets/Debt
Total Assets	$3,997,158
Total Liabilities	$2,179,529
Net Assets	$1,817,629

Compensation

Key Employees and Officers	Compensation	Related	Other
Peter L Denious (Ceo)	$247,568	$0	$35,847
David Campbell (Vp, Business Development)	$149,077	$0	$7,891
Courtney Hendricson (Vp, Partnerships)	$133,125	$0	$7,160
Shirar Mugler (Vp, Marketing)	$119,185	$0	$0
Rachel Gretencord (Vp, Research)	$112,061	$0	$0
John Bourdeaux (President)	$105,721	$0	$0
Jeffrey Sonnenfeld Sr (Director & Co Chair)	$0	$0	$0
Margaret Keane (Director & Co Chair)	$0	$0	$0
David Lehman (Director & Treasurer)	$0	$0	$0
Donald Kendall Jr (Vice Chair & Secretary)	$0	$0	$0
Indra Nooyi (Director)	$0	$0	$0
James Smith (Director)	$0	$0	$0
Greg Butler (Director)	$0	$0	$0
Ravi Kumar (Director)	$0	$0	$0
James Loree (Director)	$0	$0	$0
R Adam Norwitt (Director)	$0	$0	$0
Judy Olian (Director)	$0	$0	$0
Thomas Rutledge (Director)	$0	$0	$0
Kathleen Silard (Director)	$0	$0	$0
Jay Williams (Director)	$0	$0	$0
Judy Marks (Director)	$0	$0	$0
Deepak Mishra (Director)	$0	$0	$0
Frank Reynolds (Director)	$0	$0	$0

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990

Filed on Oct. 17, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$4,111,834

Expenses

$3,804,934

Net Income

$306,900

Net Assets

$893,251

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,966,167	47.8%
Program Services	$2,134,394	51.9%
Investment Income	$4,973	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,300	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,725,773	45.4%

Assets/Debt
Total Assets	$2,511,393
Total Liabilities	$1,618,142
Net Assets	$893,251

Compensation

Key Employees and Officers	Compensation	Related	Other
Peter L Denious (President & Ceo)	$240,936	$0	$6,731
David Campbell (Vp, Business Development)	$213,692	$0	$0
Paul Ward (Vp, Finance)	$157,557	$0	$7,878
Courtney Hendricson (Vp, Partnerships)	$123,762	$0	$6,188
Elliot Cyr (Director, It)	$113,380	$0	$6,405
Indra Nooyi (Director & Co Chair)	$0	$0	$0
James Smith (Director & Co Chair)	$0	$0	$0
Donald Kendall Jr (Vice Chair & Secretary)	$0	$0	$0
David Lehman (Director & Treasurer)	$0	$0	$0
Greg Butler (Director)	$0	$0	$0
Ravi Kumar (Director)	$0	$0	$0
Jim Loree (Director)	$0	$0	$0
Anthony Marone (Director)	$0	$0	$0
R Adam Norwitt (Director)	$0	$0	$0
Judy Olian (Director)	$0	$0	$0
Thomas Rutledge (Director)	$0	$0	$0
Kathleen Silard (Director)	$0	$0	$0
Jeffrey Sonnenfeld Sr (Director)	$0	$0	$0
Jay Williams (Director)	$0	$0	$0

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990

Filed on Nov. 10, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$3,529,984

Expenses

$3,606,292

Net Income

-$76,308

Net Assets

$586,351

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,344,950	38.1%
Program Services	$2,171,845	61.5%
Investment Income	$6,889	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,300	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$598,848	16.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$723,354	20.1%

Assets/Debt
Total Assets	$2,017,681
Total Liabilities	$1,431,330
Net Assets	$586,351

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$3,321,760

Expenses

$3,292,427

Net Income

$29,333

Net Assets

$662,659

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,392,075	41.9%
Program Services	$1,927,212	58.0%
Investment Income	$2,473	0.1%
Bond Proceeds	$0
Royalties	$6,300	0.2%
Rental Property Income	-$6,300
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$702,755	21.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$732,075	22.2%

Assets/Debt
Total Assets	$1,207,246
Total Liabilities	$544,587
Net Assets	$662,659

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$2,675,590

Expenses

$2,790,167

Net Income

-$114,577

Net Assets

$627,026

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,402,890	52.4%
Program Services	$1,263,806	47.2%
Investment Income	$2,594	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,300	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$598,809	21.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$826,423	29.6%

Assets/Debt
Total Assets	$1,545,999
Total Liabilities	$918,973
Net Assets	$627,026

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$3,542,552

Expenses

$3,561,676

Net Income

-$19,124

Net Assets

$741,603

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,396,175	39.4%
Program Services	$2,137,594	60.3%
Investment Income	$2,483	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,300	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$571,936	16.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$835,521	23.5%

Assets/Debt
Total Assets	$1,627,123
Total Liabilities	$885,520
Net Assets	$741,603

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$3,145,256

Expenses

$3,072,473

Net Income

$72,783

Net Assets

$760,726

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,415,508	45.0%
Program Services	$1,721,863	54.7%
Investment Income	$1,585	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,300	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$285,419	9.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$927,365	30.2%

Assets/Debt
Total Assets	$1,798,509
Total Liabilities	$1,037,783
Net Assets	$760,726

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$2,779,039

Expenses

$2,749,167

Net Income

$29,872

Net Assets

$687,943

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,345,445	48.4%
Program Services	$1,425,612	51.3%
Investment Income	$1,682	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,300	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$291,074	10.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$881,477	32.1%

Assets/Debt
Total Assets	$1,505,366
Total Liabilities	$817,423
Net Assets	$687,943

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$3,113,043

Expenses

$3,178,376

Net Income

-$65,333

Net Assets

$658,072

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,268,500	40.7%
Program Services	$1,836,728	59.0%
Investment Income	$1,515	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,300	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$281,282	8.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$887,512	27.9%

Assets/Debt
Total Assets	$1,500,061
Total Liabilities	$841,989
Net Assets	$658,072

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$3,272,652

Expenses

$3,269,593

Net Income

$3,059

Net Assets

$723,405

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,393,200	42.6%
Program Services	$1,871,147	57.2%
Investment Income	$2,005	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,300	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$403,926	12.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$902,166	27.6%

Assets/Debt
Total Assets	$1,447,836
Total Liabilities	$724,431
Net Assets	$723,405

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,699,310

Expenses

$2,690,727

Net Income

$8,583

Net Assets

$720,348

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,450,100	53.7%
Program Services	$1,241,245	46.0%
Investment Income	$3,240	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$4,725	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$411,342	15.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,255,639
Total Liabilities	$535,291
Net Assets	$720,348

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$2,730,190

Expenses

$2,819,341

Net Income

-$89,151

Net Assets

$711,765

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,404,300	51.4%
Program Services	$1,320,613	48.4%
Investment Income	$5,277	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$258,821	9.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,097,543	38.9%

Assets/Debt
Total Assets	$1,235,037
Total Liabilities	$523,272
Net Assets	$711,765

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated December 20, 2024

Connecticut Economic Resource

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $5.04M (2023)

Expenses $4.72M (2023)

Total Assets $3.9M (2023)

Total Liabilities $1.36M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Extracted Financial Data

Revenue

$5.04M (2023)

Expenses

$4.72M (2023)

Total Assets

$3.9M (2023)

Total Liabilities

$1.36M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004