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Organizations The Connecticut Economic Resource Center Inc.

The Connecticut Economic Resource Center Inc.

Fiscal year ending 2024. Filed on September 23, 2025.

470 James Street 9
New Haven, Connecticut 06513

The Connecticut Economic Resource Center Inc. (EIN: 06-1369657), also known as Advancect, has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, The Connecticut Economic Resource Center Inc., a 501(c)(6) business league, reported compensation for 7 out of 28 total employees. Among the employees shown here, the average compensation is $184,175. The highest compensated employee at The Connecticut Economic Resource Center Inc. is John W Bourdeaux with fiscal year 2024 compensation of $295,118.

Revenue, expenses, and employee compensation

Revenue

$5,345,997

Expenses

$4,730,237

Employee compensation

$2,911,414
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

John W Bourdeaux
President and Chief Executive Officer
$295,118
$271,173 No related comp$23,945
Catherine Scangarella
Vice President, Business Development
$232,299
$209,160 No related comp$23,139
Shirar Mugler
Vice President, Marketing
$164,153
$131,945 No related comp$32,208
Rachel Gretencord
Vice President, Research
$157,839
$143,265 No related comp$14,574
Timothy Miller
Senior Director, Business Devel
$149,537
$130,760 No related comp$18,777
Patricia McLaughlin
Vice President, Operations
$145,540
$126,839 No related comp$18,701
Lisa Mercurio
Vice President, Business Development
$144,739
$114,986 No related comp$29,753

Benchmark Employee Compensation

Non-Employee Board Members

Carlton Highsmith
Director
Dan O'Keefe
Treasurer and Director
Donald Allan
Director
Frank Reynolds
Director
Greg Butler
Director
James Smith
Director
Jay Williams
Director
Jeffrey Flaks
Director
Jeffrey Sonnenfeld Sr
Director
John Ciulla
Director
Josh Geballe
Secretary
Judy Marks
Director

Contractors

Cliftonlarsonallen
Professional
$117,496
Mintz & Hoke Inc
Marketing and Advertising
$107,825
Adnet Technologies LLC
IT
$105,122

Mission Statement

ADVANCECT IS A PRIVATE NONPROFIT CORPORATION THAT DRIVES JOB CREATION AND NEW CAPITAL INVESTMENT IN CONNECTICUT THROUGH HIGH-IMPACT ECONOMIC DEVELOPMENT INCLUDING BUSINESS ATTRACTION, RETENTION, AND EXPANSION.

Revisions to this organization profile

September 23, 2025:
2024 The Connecticut Economic Resource Center Inc. 990 filed
September 20, 2024:
2023 The Connecticut Economic Resource Center Inc. 990 filed
August 1, 2023:
2022 The Connecticut Economic Resource Center Inc. 990 filed

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