Conexion INC EIN 20-8056726 Form 990 (PDF) Claim this org

Conexion INC

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Develops Latino leaders, builds networks, and advocates for their advancement in corporate and public sectors. For fiscal year 2024 it reported $404K in revenue, $502K in expenses, and $382K in net assets.Pt I

Type
Public charity (501(c)(3)) · Employment
Location
Boston, MA
Website
www.conexion-all.org
Filings
5 on file (2020–2024)
Revenue
$404KFY2024
Expenses
$502K
Net assets
$382K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-8056726 Public charity (501(c)(3)) Boston, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops Latino leaders, builds networks, and advocates for their advancement in corporate and public sectors.
Leadership
Phyllis Barajas · Executive Director · $138K
Money in and out
$404K revenue, $502K expenses
Bottom line
73% program efficiency
Where the money goes · FY2024
Total revenue
$404K
Pt VIII · Ln 12
Total expenses
$502K
Pt IX · Ln 25
Net assets
$382K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$98K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.15 Fundraising $0.12
Program efficiency
73%
of spending reaches programs▲ +16% vs prior filing year
Operating runway
10.8mo
months of highly liquid reserves at operating expense rate▲ +16% vs prior filing year
Surplus margin
-24%
revenue over expenses, this year▼ -377% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$404K
FY2024▼ -34%
Expenses
$502K
FY2024▼ -22%
Total assets
$489K
FY2024▼ -19%
Total liabilities
$108K
FY2024▼ -14%
Total revenue
$404K
Pt VIII · Ln 12
Total expenses
$502K
Pt IX · Ln 25
Net assets
$382K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$98K
Total assetsPt X · Ln 16$489K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CConexion INC
EINHdr · item D20-8056726
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jwww.conexion-all.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J22)
Ruling yearIRS BMFNov 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$137,960Pt VII · Sec A
Director
$0Pt VII · Sec A
Clerk (resigned on July 2024)
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Phyllis Barajas’s $138K as Executive Director is at the 92nd percentile of top reported officer pay among 1212 $100K–1M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Phyllis Barajas$137,960$137,960$161,036$157,815$160,615

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $366K of program spending, described in the organization's own filed words · FY2024.
01

Managed and delivered a ten-month mentoring and leadership program for mid-level career latino professionals with more than ten years of work experience and for early-career level latino professionals with less than ten years of work experience.

$366Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$320K · 79%
Contributions & grants$81K · 20%
Investment income$3K · 1%
Program service revenue79%$320K
Contributions & grants20%$81K
Investment income1%$3K
Other revenue$380
Total revenueLn 12$404K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.15 Fundraising $0.12
Program services73%$366K
Management & general15%$78K
Fundraising12%$59K
Total functional expensesLn 25$502K

Balance Sheet

Part X · end of year
CashLn 1$454K
Total assetsLn 16$489K
Total liabilitiesLn 26$108K
Total net assetsLn 32$382K
Months of cash on handcomputed10.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $454K · Operating expenses/yr $502K
10.8 months
Where the money goes
Program services
Program services $366K · Total expenses $502K
73%
Management & General
Management & general $78K · Total expenses $502K
15%
Fundraising
Fundraising $59K · Total expenses $502K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $66K · Solicited contributions (3-yr avg) $95K
$0.70 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $81K · Total revenue $404K
20%
Government reliance
Government grants — · Total revenue $404K
Earned-income share
Program service revenue $320K · Total revenue $404K
79%
Investment reliance
Investment income $3K · Total revenue $404K
+0.6%
Program self-sufficiency
Program service revenue $320K · Total expenses $502K
64%
Growth & trend
Revenue growth (YoY)
This year $404K · Prior year $611K
-34%
Revenue CAGR
FY2020 $434K · FY2024 $404K
-2%
Net-asset trend (YoY)
End of year $382K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $404K · Expenses $502K
-24%
Liabilities-to-Assets
Total liabilities — · Total assets $489K
Net-asset ratio
Net assets $382K · Total assets $489K
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $489K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Phyllis Barajas · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $138K · Total expenses $502K
27%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $291K · Total expenses $502K
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 15%
Fundraising cost ratio 72%
Revenue growth -34%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$25K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$404K revenue · viewing · ⤓ 990 PDF
FY2023$611K revenue · ⤓ 990 PDF
FY2022$726K revenue · ⤓ 990 PDF
FY2021$743K revenue · ⤓ 990 PDF
FY2020$434K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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