2021-11-11T11:11:33-06:00 2021-06-30 330810710 SWENSON ADVISORS LLP 25220 HANCOCK AVE SUITE 240 MURRIETA CA 92562 990 2020-07-01 203049742 CONNECT FOUNDATION CONN 8589641300 9605 SCRANTON ROAD NO 110 SAN DIEGO CA 92121 MIKE KRENN CEO 8589641310 2021-11-10 1 MIKE KRENN 999009999 SCOTT MAXWELL P00749825 9514454700 2021-11-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MIKE KRENN 9605 SCRANTON ROAD NO 110 SAN DIEGO CA 92121 1425572 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. 84 84 12 0 0 0 1465729 1145687 852866 279643 305 242 10924 0 2329824 1425572 0 0 0 0 1287487 1249010 0 0 136633 777769 198074 2065256 1447084 264568 -21512 1407738 1763046 1056548 1433368 351190 329678 X CONNECT ELEVATES INNOVATORS AND ENTREPRENEURS IN THE SAN DIEGO REGION, SERVING TECHNOLOGY AND LIFE SCIENCES STARTUPS THROUGHOUT THEIR GROWTH JOURNEY - FROM EARLY STAGE TO CAPITAL RAISE AND THROUGH SCALE. WE PROVIDE FOCUSED AND INDIVIDUALIZED MENTORSHIP TO COMPANIES AND CONSISTENTLY BRING VENTURE CAPITAL OPPORTUNITIES TO SOUTHERN CALIFORNIA. COMMUNITY-WIDE, WE PRODUCE A SUITE OF CURATED EDUCATIONAL PROGRAMS AND EVENTS AIMED AT HELPING COMPANIES START, GAIN ACCESS TO CAPITAL, AND GROW. CONNECT HELPS INNOVATIVE COMPANIES THRIVE SO THEY CAN MAKE A MEANINGFUL IMPACT ON THE ECONOMIC DEVELOPMENT OF SAN DIEGO. 0 0 199829 30020 COOL COMPANIESCOOL COMPANIES PRIVATE EVENT ISAN 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 IS 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. 188071 84313 SPRINGBOARDA 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 160967 123359 CDBG/CONNECT ALLCONNECT ALL IS AN INITIATIVE FOCUSED ON INCREASING DIVERSITY AMONG ENTREPRENEURS TO BRIDGE THE GAP BETWEEN UNDERREPRESENTED GROUPS AND THE INNOVATION ECONOMY. THE ORGANIZATION IS OPERATING AS A CONTRACTOR FOR JACOB'S CENTER FOR NEIGHBORHOOD INNOVATION FOR THE OPERATION OF A BUSINESS ACCELERATOR OPERATING AGREEMENT ON PROPERTY TO BE USED FOR THE ACCELERATOR SPACE 488136 41951 CONNECT INNOVATION REPORTA 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;FRAMEWORKS WORKSHOPSFRAMEWORKS WORKSHOPS ARE 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;SBIR@CONNECTSBIR@CONNECT AIMS TO DRIVE INNOVATION AND BRING NON-DILUTIVE FUNDING TO THE INNOVATION COMMUNITY BY FOSTERING PARTNERSHIPS BETWEEN INDUSTRY AND GOVERNMENT;VENTURE OUTLOOK/VENTURE SUMMITVENTURE OUTLOOK PROVIDES A YEARLY UPDATE FROM EXPERTS ON INNOVATION, THE ECONOMY, AND INVESTING TO THE SAN DIEGO INNOVATION COMMUNITY;VENTURE SUMMIT IS A TWO-DAY CONFERENCE CONNECTING SAN DIEGO'S COMPANIES TO INVESTORS FROM ALL OVER THE COUNTRY. THE FIRST DAY FOCUSES ON SAN DIEGO LIFE-SCIENCE AND TECHNOLOGY COMPANIES IN MULTIPLE TRACKS, PITCHING TO INVESTORS FROM ALL OVER THE COUNTRY. THEN THE INVESTORS AND KEY PLAYERS FROM THE SAN DIEGO INNOVATION COMMUNITY HEAD TO A NETWORKING EVENT FOCUSED ON BUILDING RELATIONSHIPS AND ELEVATING THE SAN DIEGO ECOSYSTEM. THE SECOND DAY BRINGS IN UP-AND-COMING VENTURE CAPITALISTS FROM ALL OVER THE COUNTRY TO GIVE EDUCATIONAL TALKS. THE ATTENDEES ALSO HAVE THE CHANCE TO NETWORK AND MEET THE COMPANIES THAT PITCHED FROM THE PREVIOUS DAY. THE PROGRAM WAS SUSPENDED DURING FISCAL YEAR 2021 DUE TO COVID-19 LOCKDOWNS, BUT WILL RESUME IN FISCAL YEAR 2022;MEET A MENTORMEET A MENTOR IS A PROGRAM THAT MATCHES EARLY-STAGE COMPANIES WITH GENERALIST MENTORS TO ANSWER QUESTIONS RANGING FROM IDEAS, BUSINESS PLANS, MARKETING, AND MORE;OFFICE HOURSOFFICE HOURS PROVIDES ENTREPRENEURS AN OPPORTUNITY FOR PRIVATE, PRO BONO PROFESSIONAL ADVICE;CONNECT CAPITALCONNECT CAPITAL INTRODUCES TECHNOLOGY AND LIFE SCIENCE ENTREPRENEURS TO POTENTIAL INSTITUTIONAL INVESTORS;CEO SKI TRIP/SUMMITCEO SKI TRIP/SUMMIT IS A GATHERING OF CEOS, INVESTORS, AND ADVISORS FOCUSED ON ELEVATING THE SAN DIEGO INNOVATION SECTOR AROUND VARIOUS ACTIVITIES AND EVENTS. 488136 41951 1037003 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 7 0 12 1 0 0 0 0 0 0 0 0 0 0 X 84 84 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 DON ROSENBERG MEMBER OF THE BOARD 0.00 X 0 0 0 AJAY NIRULA MEMBER OF BOARD 0.00 X 0 0 0 BOB BROWER MEMBER OF BOARD 0.00 X 0 0 0 ARAMA KUKUTAI MEMBER OF BOARD 0.00 X 0 0 0 JOHN DUNN MEMBER OF BOARD 0.00 X 0 0 0 BECK BAMBERGER MEMBER OF BOARD 0.00 X 0 0 0 CRAIG GOLDING MEMBER OF BOARD 0.00 X 0 0 0 PHIL JELSMA MEMBER OF BOARD 0.00 X 0 0 0 STATH KARRAS MEMBER OF BOARD 0.00 X 0 0 0 PRADEEP KHOSLA MEMBER OF BOARD 0.00 X 0 0 0 MIKE KINKELAAR SECRETARY 0.00 X 0 0 0 JAMES MACKAY CHAIRMAN OF THE BOARD 0.00 X 0 0 0 BEN WILLIAMS MEMBER OF BOARD 0.00 X 0 0 0 BRUCE STEEL 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 DANNY FITZGERALD MEMBER OF BOARD 0.00 X 0 0 0 TIM SCOTT 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 DEAN THOMPSON MEMBER OF BOARD 0.00 X 0 0 0 DENA MARRINUCCI MEMBER OF BOARD 0.00 X 0 0 0 BILL KUHNERT MEMBER OF BOARD 0.00 X 0 0 0 DOUG WINTER MEMBER OF BOARD 0.00 X 0 0 0 MITCH KRONENBERG MEMBER OF BOARD 0.00 X 0 0 0 ED BRYANT MEMBER OF BOARD 0.00 X 0 0 0 BRUCE RUCKS TREASURER 0.00 X 0 0 0 DEAN RICHMOND MEMBER OF BOARD 0.00 X 0 0 0 ERIK CALDWELL MEMBER OF BOARD 0.00 X 0 0 0 TREVOR WALKER MEMBER OF BOARD 0.00 X 0 0 0 GERARDO GODINEZ MEMBER OF BOARD 0.00 X 0 0 0 PETER WESTLAKE MEMBER OF BOARD 0.00 X 0 0 0 DENISE BEVERS MEMBER OF BOARD 0.00 X 0 0 0 HEATHER ACE MEMBER OF BOARD 0.00 X 0 0 0 JAKE BOAZ MEMBER OF BOARD 0.00 X 0 0 0 STEVEN CHINOWSKY MEMBER OF BOARD 0.00 X 0 0 0 JARED RUTH MEMBER OF BOARD 0.00 X 0 0 0 TYLER DUKE MEMBER OF BOARD 0.00 X 0 0 0 CHED ENSZ MEMBER OF BOARD 0.00 X 0 0 0 HUNTER REED MEMBER OF BOARD 0.00 X 0 0 0 JAY LICHTER MEMBER OF BOARD 0.00 X 0 0 0 JOE STRAIN MEMBER OF BOARD 0.00 X 0 0 0 MITCH CLAWSON MEMBER OF BOARD 0.00 X 0 0 0 SCOTT SCHINDLER MEMBER OF BOARD 0.00 X 0 0 0 STEPHEN JOHNSTON MEMBER OF BOARD 0.00 X 0 0 0 JEN DERKS MEMBER OF BOARD 0.00 X 0 0 0 JEREMY GLASER MEMBER OF BOARD 0.00 X 0 0 0 JONATHAN KABAKOFF MEMBER OF BOARD 0.00 X 0 0 0 CARIN CANALE THEAKSTON MEMBER OF BOARD 0.00 X 0 0 0 KC FREER MEMBER OF BOARD 0.00 X 0 0 0 STEVE PACELLI MEMBER OF BOARD 0.00 X 0 0 0 STANLEY MALOY MEMBER OF BOARD 0.00 X 0 0 0 RYAN MELNICK 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 ERIC OTTERSON CO-VICE CHAIR 0.00 X 0 0 0 STEPHANE SHU KIN SO MEMBER OF BOARD 0.00 X 0 0 0 KIM KAMDAR MEMBER OF BOARD 0.00 X 0 0 0 DAVID WEITZ MEMBER OF BOARD 0.00 X 0 0 0 KIRT SHULDBERG MEMBER OF BOARD 0.00 X 0 0 0 KRISTIN FOX 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 BRESNAHAN MEMBER OF BOARD 0.00 X 0 0 0 MATT BROWNE 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 MICHELLE COMTOIS MEMBER OF BOARD 0.00 X 0 0 0 PAUL JOHNSON 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 RICK VALENCIA CO-VICE CHAIR 0.00 X 0 0 0 RYAN BUELL 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 STACEY DAVENPORT MEMBER OF BOARD 0.00 X 0 0 0 STEVE BERHORST 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 TYLER ORION MEMBER OF BOARD 0.00 X 0 0 0 TYLER WILSON MEMBER OF BOARD 0.00 X 0 0 0 MIKE KRENN CEO 40.00 X 222264 0 0 LAURA SHAW COO 40.00 X 133322 0 0 355586 0 0 2 0 1 0 0 616871 528816 1145687 PROGRAM FEES 900099 175810 175810 UNDERWRITING 900099 103833 103833 279643 242 242 1425572 279643 0 242 415949 415949 833061 485065 245367 102629 24125 12063 6031 6031 22562 13603 3319 5640 42579 29082 2852 10645 74721 56041 11208 7472 1147 287 860 160 160 4621 3466 1155 9101 4551 2275 2275 DIRECT PROGRAM EXPENSES 14735 14735 BANK AND MERCHANT FEES 4144 2072 1036 1036 DUES AND SUBSCRIPTIONS 179 89 45 45 1447084 1037003 273448 136633 906767 1437389 427426 260277 52150 47134 171863 153617 21395 18246 1407738 1763046 35131 53359 877924 1091516 143493 288493 1056548 1433368 X -735190 -470322 1086380 800000 351190 329678 1407738 1763046 -21512 0 X X 0 1 X 1 0 X 1598032 1335245 1029888 1465729 1145688 6574582 1598032 1335245 1029888 1465729 1145688 6574582 1702542 4872040 6574582 2578799 0.74100 0.73990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 171863 153617 18246 18246 X 1569065 143493 143493 1425572 0 1425572 1447084 0 1447084 0 1447084 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: DESIGNATED GRANTS AND CONTRIBUTIONS SCHEDULE D, PART XI, LINE 2D: PPP FUNDS RECEIVED X 0 0 0 0 0 0 0 0 0 MIKE KRENN CEO 222264 0 0 0 0 0 0 0 0 0 222264 0 0 0 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.