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Hedco INC

Public charityFed auditsIRS 990
Community Development · HARTFORD, CT · EIN 06-0919160

About

To promote and further the economic development of small businesses and organizations throughout the regions of the state of connecticut and to engage and assist in the establishment, growth and development of small businesses within the city of hartford, connecticut.

Donations are tax-deductible
Category
Community Development
Employees
14
Volunteers
18

Financial Snapshot

FY ending 2024-05-31
Revenue
$4.9M
Expenses
$5.7M
Assets
$34.5M
Liabilities
$14.9M

Financial history

$6.4M$3.2M$0
161718192021222324
RevenueExpenses
Latest FY2024: $4.9M · Peak FY2017: $6.4M · Avg: $4.2M

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$2.5M
HEDCO INC
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Address

207 Main Street 4TH Floor
Hartford, CT, 06106-188

Governance

Voting board members19
Independent members18
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
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