Connec Train Corp EIN 84-1825099

Connec Train Corp

EIN  84-1825099 Public charity (501(c)(3)) Charleston, WV
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Train individuals for tech jobs, focusing on broadband skills.
Leadership
Renee Jackson · Treasurer · $56K
Money in and out
$556K revenue, $1.5M expenses
Bottom line
100% program efficiency

Train individuals for tech jobs, focusing on broadband skills. For fiscal year 2024 it reported $556K in revenue, $1.5M in expenses, and $389K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$556K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$389K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$951K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
1.1mo
months of highly liquid reserves at operating expense rate▼ -95% vs prior filing year
Surplus margin
-171%
revenue over expenses, this year▼ -366% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$556K
FY2024▼ -72%
Expenses
$1.5M
FY2024▲ +112%
Total assets
$507K
FY2024▼ -70%
Total liabilities
$118K
FY2024▼ -65%
Total revenue
$556K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$389K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$951K
Total assetsPt X · Ln 16$507K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2024.
01

Training people and make them employable in the Technology Sector.

$1.5Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CConnec Train Corp
EINHdr · item D84-1825099
Principal addressHdr · item CCharleston, WV
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J33)
Ruling yearIRS BMFJul 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
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
Treasurer
$55,805Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Project Coordinator
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Renee Jackson’s $56K as Treasurer is at the 55th 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.

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Statement of Revenue

Part VIII
Contributions & grants$296K · 53%
Other revenue$260K · 47%
Contributions & grants53%$296K
Other revenue47%$260K
— government grantsLn 1e$296K
Total revenueLn 12$556K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$1.5M
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$137K
Total assetsLn 16$507K
Total liabilitiesLn 26$118K
Total net assetsLn 32$389K
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $137K · Operating expenses/yr $1.5M
1.1 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.5M
100%
Management & General
Management & general $0 · Total expenses $1.5M
0%
Fundraising
Fundraising $0 · Total expenses $1.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $352K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $296K · Total revenue $556K
53%
Government reliance
Government grants $296K · Total revenue $556K
53%
Earned-income share
Program service revenue $0 · Total revenue $556K
0%
Investment reliance
Investment income $0 · Total revenue $556K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.5M
0%
Growth & trend
Revenue growth (YoY)
This year $556K · Prior year $2.0M
-72%
Revenue CAGR
FY2020 $130K · FY2024 $556K
+44%
Net-asset trend (YoY)
End of year $389K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $556K · Expenses $1.5M
-171%
Liabilities-to-Assets
Total liabilities — · Total assets $507K
Net-asset ratio
Net assets $389K · Total assets $507K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $507K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Renee Jackson · Reported title Treasurer · Highest reported compensation $56K · Total expenses $1.5M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $60K · Total expenses $1.5M
4%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -72%
Accounting fee ratio 0%

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 · FY2020
Total grants receivedfrom 1 funder$125K

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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)$556K revenue · viewing · ⤓ 990 PDF
FY2023$2.0M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$3K revenue · ⤓ 990 PDF
FY2020$130K revenue · ⤓ 990 PDF
FY2019— 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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