2023-12-14T10:45:02-06:00 2023-06-30 330810710 SWENSON ADVISORS LLP 25220 HANCOCK AVE SUITE 240 MURRIETA CA 92562 990 2022-07-01 203049742 CONNECT FOUNDATION CONN 8589641300 9605 SCRANTON ROAD 110 SAN DIEGO CA 92121 MIKE KRENN CEO 8589641310 2023-12-13 1 MIKE KRENN 999009999 0 SCOTT MAXWELL P00749825 9514454700 2023-12-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MIKE KRENN 9605 SCRANTON ROAD 110 SAN DIEGO CA 92121 2562877 0 X WWW.CONNECT.ORG X 2005 CA 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. 92 92 14 30 0 0 1663728 2106131 1026535 456384 341 362 0 0 2690604 2562877 0 0 0 0 1390809 1642149 0 0 170922 815636 575672 2206445 2217821 484159 345056 2161085 2581098 1203752 1278709 957333 1302389 X 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. 0 0 286288 15000 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 229112 89017 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. 220915 10000 OFFICE HOURS, PROVIDES ENTREPRENEURS AN OPPORTUNITY FOR PRIVATE, PRO BONO PROFESSIONAL ADVICE; 1045054 342367 1045054 342367 1781369 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 14 1 0 0 0 0 0 0 0 0 0 0 X 92 92 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MIKE KRENN 8589641300 9605 SCRANTON ROAD 110 SAN DIEGO CA 92121 ADAM HARRIS MEMBER OF BOARD 0.00 X 0 0 0 AJAY NIRULA MEMBER OF BOARD 0.00 X 0 0 0 ARAMA KUKUTAI MEMBER OF BOARD 0.00 X 0 0 0 ASHLEY VAN ZEELAND MEMBER OF BOARD 0.00 X 0 0 0 BEN WILLIAMS MEMBER OF BOARD 0.00 X 0 0 0 BOB BROWER MEMBER OF BOARD 0.00 X 0 0 0 BRENT GLOVA MEMBER OF BOARD 0.00 X 0 0 0 BRUCE RUCKS TREASURER 0.00 X 0 0 0 BRUCE STEEL MEMBER OF BOARD 0.00 X 0 0 0 BRYAN KNOX MEMBER OF BOARD 0.00 X 0 0 0 CARIN CANALE THEAKSTON MEMBER OF BOARD 0.00 X 0 0 0 CHESTON LARSON MEMBER OF BOARD 0.00 X 0 0 0 CHRISTIAN SALAMAN MEMBER OF BOARD 0.00 X 0 0 0 CHRISTINA BIBLER MEMBER OF BOARD 0.00 X 0 0 0 CLARK LIBENSON MEMBER OF BOARD 0.00 X 0 0 0 CRAIG GOLDING MEMBER OF BOARD 0.00 X 0 0 0 CZACHARY MYERS MEMBER OF BOARD 0.00 X 0 0 0 DANNY FITZGERALD MEMBER OF BOARD 0.00 X 0 0 0 DAVID COATS MEMBER OF BOARD 0.00 X 0 0 0 DAVID HALE MEMBER OF BOARD 0.00 X 0 0 0 DAVID WEITZ MEMBER OF BOARD 0.00 X 0 0 0 DENA MARRINUCCI MEMBER OF BOARD 0.00 X 0 0 0 DENISE BEVERS MEMBER OF BOARD 0.00 X 0 0 0 DON ROSENBERG MEMBER OF THE BOARD 0.00 X 0 0 0 DOUG WINTER MEMBER OF BOARD 0.00 X 0 0 0 ED BRYANT MEMBER OF BOARD 0.00 X 0 0 0 ENOCH KARIUKI MEMBER OF BOARD 0.00 X 0 0 0 ERIC OTTERSON CO-VICE CHAIR 0.00 X 0 0 0 ERIK CALDWELL MEMBER OF BOARD 0.00 X 0 0 0 GABRIELLE DUBICK MEMBER OF BOARD 0.00 X 0 0 0 GERARDO GODINEZ MEMBER OF BOARD 0.00 X 0 0 0 HEATHER ACE MEMBER OF BOARD 0.00 X 0 0 0 HUNTER REED MEMBER OF BOARD 0.00 X 0 0 0 JAKE BOAZ MEMBER OF BOARD 0.00 X 0 0 0 JAMES MACKAY CHAIRMAN OF THE BOARD 0.00 X 0 0 0 JARED RUTH MEMBER OF BOARD 0.00 X 0 0 0 JAY LICHTER MEMBER OF BOARD 0.00 X 0 0 0 JEN DERKS MEMBER OF BOARD 0.00 X 0 0 0 JENELL MCKAY MEMBER OF BOARD 0.00 X 0 0 0 JEREMY GLASER MEMBER OF BOARD 0.00 X 0 0 0 JOE STRAIN MEMBER OF BOARD 0.00 X 0 0 0 JOHN DUNN MEMBER OF BOARD 0.00 X 0 0 0 JOHN FRAGER MEMBER OF BOARD 0.00 X 0 0 0 JONATHAN KABAKOFF MEMBER OF BOARD 0.00 X 0 0 0 KC FREER MEMBER OF BOARD 0.00 X 0 0 0 KEVIN MEISSNER MEMBER OF BOARD 0.00 X 0 0 0 KILLU SANBORN MEMBER OF BOARD 0.00 X 0 0 0 KIM KAMDAR MEMBER OF BOARD 0.00 X 0 0 0 KIRT SHULDBERG MEMBER OF BOARD 0.00 X 0 0 0 KRISTINA HESS MEMBER OF BOARD 0.00 X 0 0 0 MARK WICKER MEMBER OF BOARD 0.00 X 0 0 0 MARY WALSHOK MEMBER OF BOARD 0.00 X 0 0 0 MATT BROWNE MEMBER OF BOARD 0.00 X 0 0 0 MATT SANFORD MEMBER OF BOARD 0.00 X 0 0 0 MATTHEWD'ALESSANDRO MEMBER OF BOARD 0.00 X 0 0 0 MICHAEL HOWARD MEMBER OF BOARD 0.00 X 0 0 0 MICHAEL UMANSKY MEMBER OF BOARD 0.00 X 0 0 0 MIKE CASLER MEMBER OF BOARD 0.00 X 0 0 0 MIKE KINKELAAR SECRETARY 0.00 X 0 0 0 MITCH CLAWSON MEMBER OF BOARD 0.00 X 0 0 0 MITCH KRONENBERG MEMBER OF BOARD 0.00 X 0 0 0 PAUL JOHNSON MEMBER OF BOARD 0.00 X 0 0 0 PETER WESTLAKE MEMBER OF BOARD 0.00 X 0 0 0 PHIL JELSMA MEMBER OF BOARD 0.00 X 0 0 0 PRADEEP KHOSLA MEMBER OF BOARD 0.00 X 0 0 0 PRIYA KANNAN-NARASIMHAN MEMBER OF BOARD 0.00 X 0 0 0 QUINN LI MEMBER OF BOARD 0.00 X 0 0 0 RANDY SOCOL MEMBER OF BOARD 0.00 X 0 0 0 RED ROTH MEMBER OF BOARD 0.00 X 0 0 0 RICARD DOS SANTOS MEMBER OF BOARD 0.00 X 0 0 0 RICK BELLIOTTI MEMBER OF BOARD 0.00 X 0 0 0 RICK VALENCIA CO-VICE CHAIR 0.00 X 0 0 0 RYAN BUELL MEMBER OF BOARD 0.00 X 0 0 0 RYAN MELNICK MEMBER OF BOARD 0.00 X 0 0 0 SCOT GINSBURG MEMBER OF BOARD 0.00 X 0 0 0 SCOTT FOOTE MEMBER OF BOARD 0.00 X 0 0 0 SCOTT SCHINDLER MEMBER OF BOARD 0.00 X 0 0 0 STANLEY MALOY MEMBER OF BOARD 0.00 X 0 0 0 STATH KARRAS MEMBER OF BOARD 0.00 X 0 0 0 STEPHANE SHU KIN SO MEMBER OF BOARD 0.00 X 0 0 0 STEVE BERHORST MEMBER OF BOARD 0.00 X 0 0 0 STEVE PACELLI MEMBER OF BOARD 0.00 X 0 0 0 STEVEN CHINOWSKY MEMBER OF BOARD 0.00 X 0 0 0 STUART STARR MEMBER OF BOARD 0.00 X 0 0 0 SUSIE HARBORTH MEMBER OF BOARD 0.00 X 0 0 0 TIM SCOTT MEMBER OF BOARD 0.00 X 0 0 0 TREVOR WALKER MEMBER OF BOARD 0.00 X 0 0 0 TYLER DUKE MEMBER OF BOARD 0.00 X 0 0 0 TYLER LAY MEMBER OF BOARD 0.00 X 0 0 0 TYLER ORION MEMBER OF BOARD 0.00 X 0 0 0 TYLER WILSON MEMBER OF BOARD 0.00 X 0 0 0 VICTORIA ASHTON MEMBER OF BOARD 0.00 X 0 0 0 MARCELA CHRISTIE COO 40.00 X 175147 0 0 MIKE KRENN CEO 40.00 X 301140 0 0 476287 0 0 2 0 1 0 0 842475 1263656 2106131 UNDERWRITING 900099 244500 244500 PROGRAM FEES 900099 211884 211884 456384 362 362 2562877 456384 0 362 476287 476287 1165862 832688 211836 121338 63196 31598 15799 15799 34853 22599 4562 7692 39638 28198 4882 6558 22424 16818 3364 2242 35653 21392 3565 10696 16313 14682 1631 7380 5166 1107 1107 9177 6883 2294 11129 5565 2782 2782 DIRECT PROGRAM EXPENSES 332442 332442 DUES AND SUBSCRIPTIONS 1483 741 371 371 MISC EXPENSES 1144 572 286 286 SPONSORSHIPS 840 420 420 2217821 1781369 265530 170922 1671739 2008981 391338 390572 65094 156762 78229 53946 32914 24283 0 500 2161085 2581098 109952 94234 1093800 1184475 1203752 1278709 X 156995 343481 800338 958908 957333 1302389 2161085 2581098 345056 0 X X 0 1 X 1 0 X 1029888 1465729 1145688 1663728 2106131 7411164 1029888 1465729 1145688 1663728 2106131 7411164 1703466 5707698 7411164 3246760 0.77010 0.76800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78229 53946 24283 24283 X 2562877 0 2562877 0 2562877 2217821 0 2217821 0 2217821 PART X, LINE 2: CONNECT FOUNDATION USES A LOSS CONTINGENCIES APPROACH FOR EVALUATING UNCERTAIN TAX POSITIONS AND CONTINUALLY EVALUATES CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. X 0 0 0 0 0 0 0 0 0 MIKE KRENN CEO 301140 0 0 0 0 0 0 0 0 0 301140 0 0 0 MARCELA CHRISTIE COO 175147 0 0 0 0 0 0 0 0 0 175147 0 0 0 FORM 990, PART III, LINE 4D FIVE.TEN.THIRTY WAS THE LARGEST GATHERING OF THE INNOVATION COMMUNITY IN SAN DIEGO HISTORY. CONNECT GATHERED 200 VCS, ANGEL INVESTORS, CEOS, CTOS, DEI LEADERS, NATIONAL SECURITY LEADERS, AND 160+ TECH AND LIFE SCIENCE COMPANIES, DRIVING INNOVATION ACROSS SAN DIEGO TO CONTINUE COLLECTIVE MOMENTUM FORWARD TO SCALING UP A MORE ROBUST AND MORE INCLUSIVE ECONOMY ACROSS THE MEGAREGION. OVER 3,000 PEOPLE ATTENDED THIS INAUGURAL EVENT. THE GOALS OF 5.10.30 ARE TO CELEBRATE COMMUNITY ADVANCEMENT, TO GENERATE INTEREST OUTSIDE OF SAN DIEGO AND ATTRACT MORE TALENT TO SAN DIEGO; SPRINGBOARD, A BUSINESS CREATION AND DEVELOPMENT PROGRAM IN WHICH BUSINESS ADVISORS PROVIDE MENTORSHIP TO NEW TECHNOLOGY COMPANIES WHO THEN PRESENT TO A PANEL OF INDUSTRY VETERANS, INVESTORS AND SERVICE PROVIDERS; FRAMEWORKS WORKSHOPS, HALF-DAY, PROFESSIONAL DEVELOPMENT PROGRAMS STRUCTURED TO PROVIDE AN OVERVIEW OF BUSINESS BASICS THROUGH 'FUNDAMENTALS': A VOCABULARY, FOUNDATION AND 'FRAMEWORK' IN WHICH BUSINESS LEADERSHIP CAN BE BUILT AROUND, AND 'ADVANCED WORKSHOPS': A FOCUSED AND DETAILED LOOK AT SPECIALIZED AND INDUSTRY SPECIFIC TOPICS CUSTOMIZED TO FIT THE NEEDS OF A START-UP COMPANY; CONNECT INNOVATION REPORT, A REGIONAL QUARTERLY INDEX WHICH TRACKS THE HEALTH OF THE SAN DIEGO INNOVATION ECONOMY BY COMPARING DATA YEAR TO YEAR AND QUARTER TO QUARTER, PROVIDING A COMPARISON ACROSS TECH INDUSTRY CLUSTERS TO SELECTED REGIONS AND MONITORING AVAILABILITY OF VARIOUS TYPES OF CAPITAL. THE DATA HELPS POLICYMAKERS AND TRADE ORGANIZATIONS PLAN AND ADVOCATE EFFECTIVELY FOR INNOVATION ECONOMY INCLUDING AVAILABILITY OF VISAS AND WORKFORCE TRAINING FOR TALENT IN HIGH GROWTH CLUSTERS, BUILDING AN ATTRACTIVE ENVIRONMENT FOR CAPITAL INVESTMENT, ALLOCATION OF GRANT FUNDING, REFORM OF THE PATENT SYSTEM AND ZONING; SUMMER SOCIAL, AN ANNUAL GATHERING OF SAN DIEGO ENTREPRENEURS, INNOVATORS, INVESTORS, CEOS, AND SERVICE PROVIDERS GETTING TOGETHER TO NETWORK, MAKE RELATIONSHIPS, AND CELEBRATE THE INNOVATION COMMUNITY OF SAN DIEGO. THE PROGRAM WILL RESUME IN FISCAL YEAR 2023 (JULY 2022); MEET A MENTOR, A PROGRAM THAT MATCHES EARLY-STAGE COMPANIES WITH GENERALIST MENTORS TO ANSWER QUESTIONS RANGING FROM IDEAS, BUSINESS PLANS, MARKETING, AND MORE; 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. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FIRST REVIEWED BY THE ORGANIZATION'S ACCOUNTING DEPARTMENT AND AUDIT COMMITTEE WHERE IT IS COMPARED AGAINST AUDITED FINANCIAL STATEMENTS. FORM 990 IS THEN FORWARDED TO THE CEO FOR HIS REVIEW, WITH EMPHASIS ON NON-FINANCIAL INFORMATION CONTAINED IN THE TAX RETURN. ONCE AUTHORIZED BY THE CEO, THE FORM 990 IS SENT TO THE AUDIT COMMITTEE FOR APPROVAL. ONCE APPROVED, IT IS DISTRIBUTED TO THE FULL BOARD FOR COMMENTS. LASTLY, THE TAX PREPARER IS NOTIFIED THAT THE FORM 990 IS READY TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C WHEN A PERCEIVED CONFLICT EXISTS AND IS NOT RAISED, IT IS ADDRESSED WITH THE INDIVIDUAL AND THE INDIVIDUAL IS ASKED TO ABSTAIN FROM VOTING OR PERFORMING ACTIONS THAT WOULD CREATE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE MADE UP OF EXECUTIVES FROM VARIOUS PROFESSIONS EVALUATE THE CEO'S SALARY ANNUALLY. THEY COMPARE HIS SALARY TO COMPARABLE NON-PROFIT COMPANIES IN THE REGION USING THE "CHARITY NAVIGATOR CEO COMPENSATION STUDY" THE CEO'S SALARY IS ADJUSTED UPWARD BASED ON MEETING CERTAIN MILESTONES, AND CAN BE DEFERRED UPON AGREEMENT BY THE CEO AND THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.COM. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR BY ORGANIZATION'S COMMITTEE THAT ASSUMES RESPONSIBLITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.