Mission
ADVANCECT IS A PRIVATE NONPROFIT CORPORATION THAT DRIVES JOB CREATION AND NEW CAPITAL INVESTMENT IN CONNECTICUT THROUGH HIGH-IMPACT ECONOMIC DEVELOPMENT INCLUDING BUSINESS ATTRACTION, RETENTION, AND EXPANSION.
Public Charity
THE CONNECTICUT ECONOMIC RESOURCE CENTER INC
THE CONNECTICUT ECONOMIC RESOURCE CENTER INC, of NEW HAVEN, CT, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $5.3M in revenue, $4.7M in expenses, $4.7M in total assets.
EIN: 061369657
NEW HAVEN, CT
Latest filing: 2024
Total Revenue$5.3M
Total Expenses$4.7M
Total Assets$4.7M
Grant Records0
Filing Years2020–2024
Where $100 goes at The Connecticut Economic Resource Center Inc
How The Connecticut Economic Resource Center Inc divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.
$81
Programs
the work itself
$19
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $81 for programs
$81
Advancect works to engage, retain and recruit businesses, and grow the connecticut economy for the benefit of the state's companies and residents
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
DIRECTOR
Carlton Highsmith
VP BUSINESS DEVELOPMENT
Catherine Scangarella
DIRECTOR & TREASURER
Dan O'keefe
DIRECTOR
Donald Allan
DIRECTOR
Frank Reynolds
DIRECTOR
Greg Butler
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $5.3M | $4.7M | $4.7M |
| 2023 | $5.0M | $4.7M | $3.9M |
| 2022 | $4.8M | $4.4M | $4.8M |
| 2020 | $4.1M | $3.8M | $2.5M |
Between 2020 and 2024, reported annual revenue grew from $4.1M to $5.3M (+30%), with total assets most recently reported at $4.7M.
Interactive year-over-year charts and full filing details available with membership.