Totals
- Total revenue
- $2,562,877
- Total expenses
- $2,217,821
- Contributions and grants received
- $2,106,131
- Grants paid
- $0
- Program service revenue
- $456,384
- Investment income
- $362
- Other revenue
- $0
- Total assets, end of year
- $2,581,098
- Total liabilities, end of year
- $1,278,709
- Net assets or fund balances, end of year
- $1,302,389
- Program services expenses (Part IX)
- $1,781,369
- Management and general expenses
- $265,530
- Fundraising expenses
- $170,922
- Program service expenses (Part III)
- $1,781,369
Program services were 80.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$842,475
-
1f · All other contributions, gifts and grants
$1,263,656
-
2a · Program service revenue: UNDERWRITING
total $244,500 · related or exempt $244,500
-
2b · Program service revenue: PROGRAM FEES
total $211,884 · related or exempt $211,884
-
3 · Investment income
total $362 · excluded $362
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $476,287 · program services $476,287
-
7 · Other salaries and wages
total $1,165,862 · program services $832,688 · management and general $211,836 · fundraising $121,338
-
11c · Fees: accounting
total $63,196 · program services $31,598 · management and general $15,799 · fundraising $15,799
-
13 · Office expenses
total $34,853 · program services $22,599 · management and general $4,562 · fundraising $7,692
-
14 · Information technology
total $39,638 · program services $28,198 · management and general $4,882 · fundraising $6,558
-
16 · Occupancy
total $22,424 · program services $16,818 · management and general $3,364 · fundraising $2,242
-
17 · Travel
total $35,653 · program services $21,392 · management and general $3,565 · fundraising $10,696
-
19 · Conferences, conventions and meetings
total $16,313 · management and general $14,682 · fundraising $1,631
-
20 · Interest
total $7,380 · program services $5,166 · management and general $1,107 · fundraising $1,107
-
22 · Depreciation, depletion and amortization
total $9,177 · program services $6,883 · management and general $2,294
-
23 · Insurance
total $11,129 · program services $5,565 · management and general $2,782 · fundraising $2,782
-
24a · Other expenses: DIRECT PROGRAM EXPENSES
total $332,442 · program services $332,442
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $1,483 · program services $741 · management and general $371 · fundraising $371
-
24c · Other expenses: MISC EXPENSES
total $1,144 · program services $572 · management and general $286 · fundraising $286
-
24d · Other expenses: SPONSORSHIPS
total $840 · program services $420 · fundraising $420
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,671,739 · end of year $2,008,981
-
4 · Accounts receivable
beginning of year $391,338 · end of year $390,572
-
9 · Prepaid expenses and deferred charges
beginning of year $65,094 · end of year $156,762
-
10a · Land, buildings and equipment: cost or other basis
$78,229
-
10b · Land, buildings and equipment: accumulated depreciation
$53,946
-
10c · Land, buildings and equipment, net
beginning of year $32,914 · end of year $24,283
-
15 · Other assets
beginning of year $0 · end of year $500
-
17 · Accounts payable and accrued expenses
beginning of year $109,952 · end of year $94,234
-
19 · Deferred revenue
beginning of year $1,093,800 · end of year $1,184,475
-
27 · Net assets without donor restrictions
beginning of year $156,995 · end of year $343,481
-
28 · Net assets with donor restrictions
beginning of year $800,338 · end of year $958,908
Mission and programs · 2022
Mission
CONNECT IS AN INNOVATION INSTIGATOR ESTABLISHED TO CULTIVATE SAN DIEGO'S LIFE SCIENCE AND TECH COMMUNITIES. A TRUSTED PARTNER FOR MORE THAN 30 YEARS, WE PROPEL OUR REGION'S ENTREPRENEURS AS THEY CREATE AND SCALE THEIR COMPANIES FROM FIRST-TIME FOUNDERS TO SEASONED EXECUTIVES. WE OPERATE ACROSS DIVERSE INDUSTRY VERTICALS WITH A MINDSET DRIVEN BY INCLUSIVE SOCIAL GOOD MAKING A POSITIVE IMPACT ACROSS THE ENTIRETY OF THE MEGA-REGION. IN ELEVATING ENTREPRENEURIAL MASTERY SUCH AS PROVIDING ACCESS TO INSTITUTIONAL CAPITAL, STRATEGIC ADVISING, AND PARTNERING OPPORTUNITIES WE BRING TOGETHER OUR REGION'S CULTURE AND SPIRIT TO IGNITE OUR INNOVATION ECONOMY.
Activities or mission (Part I)
CONNECT ELEVATES ENTREPRENEURS BY PROVIDING EDUCATIONAL PROGRAMMING, MENTORSHIP, INTRODUCTIONS, AND ACCESS TO CAPITAL. WE HELP INNOVATIVE COMPANIES THRIVE SO THEY CAN MAKE A MEANINGFUL IMPACT IN THE DEVELOPMENT OF THE SAN DIEGO REGION. WE'RE ON A MISSION TO BUILD A WORLD-CLASS INNOVATION ECONOMY.
-
LIFE SCIENCE LUMINARY DINNER, AN ANNUAL DINNER OF KEY PLAYERS IN THE SAN DIEGO LIFE SCIENCE COMMUNITY, TRADITIONALLY HOSTED AT THE HOME OF A SUCCESSFUL LIFE SCIENCE ENTREPRENEUR THAT MADE GREAT STRIDES IN THE LIFE SCIENCE COMMUNITY IN THE PAST YEAR. THE DINNER BRINGS IN ONLY THE TOP INNOVATORS TO BUILD RELATIONSHIPS, NETWORK, AND CELEBRATE THE SAN DIEGO LIFE SCIENCE COMMUNITY
Expenses $286,288 · Revenue $15,000
-
COOL COMPANIESCOOL COMPANIES PRIVATE EVENT, AN ANNUAL PROGRAM WHERE CONNECT SELECTS THE TOP CENTURE CAPITAL-READY TECHNOLOGY AND LIFE SCIENCE COMPANIES TO BE NAMED A "COOL COMPANY". ALL THE COMPANIES' CEOS MEET INVESTORS IN A PRIVATE INVITE-ONLY EVENT WITH THE INTENTION OF SECURING FUNDING FOR THEIR COMPANY;COOL COMPANIES PUBLIC EVENT, AN ANNUAL GATHERING FOR THE SAN DIEGO COMMUNITY TO MEET AND LEARN ABOUT EACH COOL COMPANY, AS WELL AS NETWORK, MAKE RELATIONSHIPS, AND CELEBRATE THE NEW COOL COMPANIES;VC ROAD TRIP, DURING DAY 2 OF THE COOL COMPANIES PRIVATE EVENT, VENTURE CAPITALISTS FROM ALL AROUND THE COUNTRY EMBARK ON AN OUTING, TYPICALLY SAILING, AND ARE GIVEN A TOUR OF SAN DIEGO. THE PURPOSE OF THE DAY LEARN ABOUT SAN DIEGO AND TO GROW RELATIONSHIPS BETWEEN OUT-OF-TOWN VENTURE CAPITALISTS AND THE SAN DIEGO INNOVATION COMMUNITY.
Expenses $229,112 · Revenue $89,017
-
OFFICE HOURS, PROVIDES ENTREPRENEURS AN OPPORTUNITY FOR PRIVATE, PRO BONO PROFESSIONAL ADVICE;
Expenses $220,915 · Revenue $10,000
-
Expenses $1,045,054 · Revenue $342,367
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Adam HarrisADAM HARRIS
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Ajay NirulaAJAY NIRULA
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Arama KukutaiARAMA KUKUTAI
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Ashley Van ZeelandASHLEY VAN ZEELAND
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Ben WilliamsBEN WILLIAMS
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Bob BrowerBOB BROWER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Brent GlovaBRENT GLOVA
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Bruce RucksBRUCE RUCKS
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Bruce SteelBRUCE STEEL
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Bryan KnoxBRYAN KNOX
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Carin Canale TheakstonCARIN CANALE THEAKSTON
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Cheston LarsonCHESTON LARSON
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Christian SalamanCHRISTIAN SALAMAN
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Christina BiblerCHRISTINA BIBLER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Clark LibensonCLARK LIBENSON
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Craig GoldingCRAIG GOLDING
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Czachary MyersCZACHARY MYERS
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Danny FitzgeraldDANNY FITZGERALD
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
David CoatsDAVID COATS
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
David HaleDAVID HALE
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
David WeitzDAVID WEITZ
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Dena MarrinucciDENA MARRINUCCI
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Denise BeversDENISE BEVERS
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Don RosenbergDON ROSENBERG
MEMBER OF THE BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Doug WinterDOUG WINTER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Ed BryantED BRYANT
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Enoch KariukiENOCH KARIUKI
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Eric OttersonERIC OTTERSON
CO-VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Erik CaldwellERIK CALDWELL
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Gabrielle DubickGABRIELLE DUBICK
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Gerardo GodinezGERARDO GODINEZ
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Heather AceHEATHER ACE
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Hunter ReedHUNTER REED
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Jake BoazJAKE BOAZ
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
James MacKayJAMES MACKAY
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Jared RuthJARED RUTH
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Jay LichterJAY LICHTER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Jen DerksJEN DERKS
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Jenell McKayJENELL MCKAY
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Jeremy GlaserJEREMY GLASER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Joe StrainJOE STRAIN
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
John DunnJOHN DUNN
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
John FragerJOHN FRAGER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Jonathan KabakoffJONATHAN KABAKOFF
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Kc FreerKC FREER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Kevin MeissnerKEVIN MEISSNER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Killu SanbornKILLU SANBORN
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Kim KamdarKIM KAMDAR
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Kirt ShuldbergKIRT SHULDBERG
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Kristina HessKRISTINA HESS
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Mark WickerMARK WICKER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Mary WalshokMARY WALSHOK
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Matt BrowneMATT BROWNE
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Matt SanfordMATT SANFORD
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Matthewd'AlessandroMATTHEWD'ALESSANDRO
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Michael HowardMICHAEL HOWARD
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Michael UmanskyMICHAEL UMANSKY
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Mike CaslerMIKE CASLER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Mike KinkelaarMIKE KINKELAAR
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Mitch ClawsonMITCH CLAWSON
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Mitch KronenbergMITCH KRONENBERG
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Paul JohnsonPAUL JOHNSON
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Peter WestlakePETER WESTLAKE
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Phil JelsmaPHIL JELSMA
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Pradeep KhoslaPRADEEP KHOSLA
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Priya Kannan-NarasimhanPRIYA KANNAN-NARASIMHAN
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Quinn LiQUINN LI
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Randy SocolRANDY SOCOL
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Red RothRED ROTH
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Ricard Dos SantosRICARD DOS SANTOS
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Rick BelliottiRICK BELLIOTTI
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Rick ValenciaRICK VALENCIA
CO-VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Ryan BuellRYAN BUELL
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Ryan MelnickRYAN MELNICK
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Scot GinsburgSCOT GINSBURG
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Scott FooteSCOTT FOOTE
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Scott SchindlerSCOTT SCHINDLER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Stanley MaloySTANLEY MALOY
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Stath KarrasSTATH KARRAS
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Stephane Shu Kin SoSTEPHANE SHU KIN SO
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Steve BerhorstSTEVE BERHORST
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Steve PacelliSTEVE PACELLI
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Steven ChinowskySTEVEN CHINOWSKY
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Stuart StarrSTUART STARR
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Susie HarborthSUSIE HARBORTH
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Tim ScottTIM SCOTT
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Trevor WalkerTREVOR WALKER
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Tyler DukeTYLER DUKE
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Tyler LayTYLER LAY
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Tyler OrionTYLER ORION
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Tyler WilsonTYLER WILSON
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Victoria AshtonVICTORIA ASHTON
MEMBER OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Marcela ChristieMARCELA CHRISTIE
COO
- Total calculated
- $175,147
- From this org
- $175,147
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,147
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $175,147
-
Mike KrennMIKE KRENN
CEO
- Total calculated
- $301,140
- From this org
- $301,140
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $301,140
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $301,140
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343489349301409
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