CONNECT FOUNDATION

EIN: 203049742 501(c)(3) Education

SAN DIEGO, CA

Total Revenue
$2,827,352
Total Expenses
$2,790,882
Total Assets
$2,869,712
Net Assets
$1,338,859
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CA
Principal Officer
MIKE KRENN
Phone
8589641300
Tax Period
2023-07-01 to 2024-06-30

CONNECT FOUNDATION, founded in 2005, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

CONNECT CATALYZES LIFE SCIENCE AND TECHNOLOGY COMPANIES THROUGHOUT THEIR ENTIRE GROWTH JOURNEY WITH OUR EXPERTLY CURATED PROGRAMS AND EVENTS. THIS IS CRITICAL BECAUSE OUR ECONOMIC FUTURE DEPENDS ON CONTINUOUS CULTIVATION OF A STRONG AND INCLUSIVE INNOVATION ECOSYSTEM.WITH NEARLY 40 YEARS OF EXPERIENCE AND AN UNRIVALED NETWORK, WE ARE UNIQUELY POSITIONED TO CONNECT BUSINESSES WITH THE CAPITAL, EDUCATION, AND ADVISORS THEY NEED TO SUCCEED. BY RELENTLESSLY FUELING A DIVERSE AND ROBUST INNOVATION ENGINE, WE HELP ENSURE THAT CURRENT AND FUTURE GENERATIONS CAN LEARN, GROW AND THRIVE IN SAN DIEGO

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,830,068
Program Service Revenue $967,944
Investment Income $29,340
Other Revenue $0
TOTAL REVENUE $2,827,352

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,722,458
Fundraising Expenses $175,087
Program Expenses $2,346,473
Other Expenses $1,068,424
TOTAL EXPENSES $2,790,882

Year-over-Year Comparison

2023 2022 Change
Revenue $2,827,352 $2,562,877 +0.1%
Expenses $2,790,882 $2,217,821 +0.3%
Net Income $36,470 $345,056 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
92
Independent Members
92
Employees
15
Volunteers
30

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$473,879
Total Directors
119
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM HARRIS MEMBER OF BOARD 0.00
Director
$0 $0 $0
AJAY NIRULA MEMBER OF BOARD 0.00
Director
$0 $0 $0
AL GUERRERRO MEMBER OF BOARD 0.00
Director
$0 $0 $0
AL PISANO MEMBER OF BOARD 0.00
Director
$0 $0 $0
ALAN COLE MEMBER OF BOARD 0.00
Director
$0 $0 $0
ALISON BUDELSKY MEMBER OF BOARD 0.00
Director
$0 $0 $0
AMIT SINGH MEMBER OF BOARD 0.00
Director
$0 $0 $0
ANDREW VITERBI MEMBER OF BOARD 0.00
Director
$0 $0 $0
ASHLEY VAN ZEELAND CO-VICE CHAIR 0.00
Director
$0 $0 $0
AUSTIN TAYLOR MEMBER OF BOARD 0.00
Director
$0 $0 $0
BEN GAMBOA MEMBER OF BOARD 0.00
Director
$0 $0 $0
BOB WEAVER MEMBER OF BOARD 0.00
Director
$0 $0 $0
BRAD CHISUM MEMBER OF BOARD 0.00
Director
$0 $0 $0
BRUCE RUCKS TREASURER 0.00
Director
$0 $0 $0
BRYAN KNOX MEMBER OF BOARD 0.00
Director
$0 $0 $0
BUZZ WOOLLEY MEMBER OF BOARD 0.00
Director
$0 $0 $0
CATHY PUCHER MEMBER OF BOARD 0.00
Director
$0 $0 $0
CHRISTIAN SALAMAN MEMBER OF BOARD 0.00
Director
$0 $0 $0
CHRISTINA BIBLER MEMBER OF BOARD 0.00
Director
$0 $0 $0
COLIN PARKER MEMBER OF BOARD 0.00
Director
$0 $0 $0
CORINNE PEEK-ASA MEMBER OF BOARD 0.00
Director
$0 $0 $0
CRAIG GOLDING MEMBER OF BOARD 0.00
Director
$0 $0 $0
CRAIG KNOX MEMBER OF BOARD 0.00
Director
$0 $0 $0
DAN PEGG MEMBER OF BOARD 0.00
Director
$0 $0 $0
DANNY FITZGERALD MEMBER OF BOARD 0.00
Director
$0 $0 $0
DAVID CREAN MEMBER OF BOARD 0.00
Director
$0 $0 $0
DAVID HALE MEMBER OF BOARD 0.00
Director
$0 $0 $0
DAVID WEITZ MEMBER OF BOARD 0.00
Director
$0 $0 $0
DEEPA M RICH MEMBER OF BOARD 0.00
Director
$0 $0 $0
DENA MARRINUCCI MEMBER OF BOARD 0.00
Director
$0 $0 $0
DENISE BEVERS MEMBER OF BOARD 0.00
Director
$0 $0 $0
DICK ATKINSON MEMBER OF BOARD 0.00
Director
$0 $0 $0
DON ROSENBERG MEMBER OF BOARD 0.00
Director
$0 $0 $0
DOUG WINTER MEMBER OF BOARD 0.00
Director
$0 $0 $0
ED BRYANT MEMBER OF BOARD 0.00
Director
$0 $0 $0
EMILY HILL MEMBER OF BOARD 0.00
Director
$0 $0 $0
ENOCH KARIUKI MEMBER OF BOARD 0.00
Director
$0 $0 $0
ERIC OTTERSON CO-VICE CHAIR 0.00
Director
$0 $0 $0
ERIK CALDWELL MEMBER OF BOARD 0.00
Director
$0 $0 $0
FERNANDO VALERO MEMBER OF BOARD 0.00
Director
$0 $0 $0
FRANCOIS FERRE MEMBER OF BOARD 0.00
Director
$0 $0 $0
GENE RAY MEMBER OF BOARD 0.00
Director
$0 $0 $0
GRANT OLSEN MEMBER OF BOARD 0.00
Director
$0 $0 $0
GREG TRUEBLOOD MEMBER OF BOARD 0.00
Director
$0 $0 $0
HALA MADANAT MEMBER OF BOARD 0.00
Director
$0 $0 $0
IRWIN JACOBS MEMBER OF BOARD 0.00
Director
$0 $0 $0
IVOR ROYSTON MEMBER OF BOARD 0.00
Director
$0 $0 $0
J ROBERT BEYESTER MEMBER OF BOARD 0.00
Director
$0 $0 $0
JAMES MACKAY CO-VICE CHAIR 0.00
Director
$0 $0 $0
JASON ANDERSON MEMBER OF BOARD 0.00
Director
$0 $0 $0
JASON HALAC MEMBER OF BOARD 0.00
Director
$0 $0 $0
JEFF SIMPSON MEMBER OF BOARD 0.00
Director
$0 $0 $0
JEREMY GLASER MEMBER OF BOARD 0.00
Director
$0 $0 $0
JEREMY SCHMIDT MEMBER OF BOARD 0.00
Director
$0 $0 $0
JILL COLLINS MEMBER OF BOARD 0.00
Director
$0 $0 $0
JOE STRAIN MEMBER OF BOARD 0.00
Director
$0 $0 $0
JOHN DUNN MEMBER OF BOARD 0.00
Director
$0 $0 $0
JOHN NAVIAUX MEMBER OF BOARD 0.00
Director
$0 $0 $0
KATE BRODERICK MEMBER OF BOARD 0.00
Director
$0 $0 $0
KEVIN MEISSNER MEMBER OF BOARD 0.00
Director
$0 $0 $0
KILLU SANBORN MEMBER OF BOARD 0.00
Director
$0 $0 $0
KIM KAMDAR MEMBER OF BOARD 0.00
Director
$0 $0 $0
KIRT SHULDBERG MEMBER OF BOARD 0.00
Director
$0 $0 $0
KRISTINA HESS MEMBER OF BOARD 0.00
Director
$0 $0 $0
LEA RUDEE MEMBER OF BOARD 0.00
Director
$0 $0 $0
LINDEN BLUE MEMBER OF BOARD 0.00
Director
$0 $0 $0
MAGDA MARQUET MEMBER OF BOARD 0.00
Director
$0 $0 $0
MALIN BURNHAM MEMBER OF BOARD 0.00
Director
$0 $0 $0
MARCO BARRAZA MEMBER OF BOARD 0.00
Director
$0 $0 $0
MARK CAFFERTY MEMBER OF BOARD 0.00
Director
$0 $0 $0
MARK SPRING MEMBER OF BOARD 0.00
Director
$0 $0 $0
MARK WICKER MEMBER OF BOARD 0.00
Director
$0 $0 $0
MARY WALSHOK MEMBER OF BOARD 0.00
Director
$0 $0 $0
MATT BROWNE MEMBER OF BOARD 0.00
Director
$0 $0 $0
MATT SANFORD MEMBER OF BOARD 0.00
Director
$0 $0 $0
MATTHIEU ROUFFET MEMBER OF BOARD 0.00
Director
$0 $0 $0
MICHAEL CASLER MEMBER OF BOARD 0.00
Director
$0 $0 $0
MICHAEL UMANSKY MEMBER OF BOARD 0.00
Director
$0 $0 $0
MIKE FADDOUL MEMBER OF BOARD 0.00
Director
$0 $0 $0
MIKE HOWARD MEMBER OF BOARD 0.00
Director
$0 $0 $0
MIKE KINKELAAR MEMBER OF BOARD 0.00
Director
$0 $0 $0
MITCH CLAWSON MEMBER OF BOARD 0.00
Director
$0 $0 $0
NEAL BLUE MEMBER OF BOARD 0.00
Director
$0 $0 $0
NICK MOURLAS MEMBER OF BOARD 0.00
Director
$0 $0 $0
PATTY HOLMAN MEMBER OF BOARD 0.00
Director
$0 $0 $0
PAUL JOHNSON MEMBER OF BOARD 0.00
Director
$0 $0 $0
PAUL ROBEN MEMBER OF BOARD 0.00
Director
$0 $0 $0
PETER FARRELL MEMBER OF BOARD 0.00
Director
$0 $0 $0
PETER PREUSS MEMBER OF BOARD 0.00
Director
$0 $0 $0
PETER WESTLAKE MEMBER OF BOARD 0.00
Director
$0 $0 $0
PHIL JELSMA MEMBER OF BOARD 0.00
Director
$0 $0 $0
PRADEEP KHOSLA MEMBER OF BOARD 0.00
Director
$0 $0 $0
QUINN LI MEMBER OF BOARD 0.00
Director
$0 $0 $0
RAMESH RAO MEMBER OF BOARD 0.00
Director
$0 $0 $0
RANDY SOCOL MEMBER OF BOARD 0.00
Director
$0 $0 $0
RICK VALENCIA MEMBER OF BOARD 0.00
Director
$0 $0 $0
RON TAYLOR MEMBER OF BOARD 0.00
Director
$0 $0 $0
RYAN MELNICK MEMBER OF BOARD 0.00
Director
$0 $0 $0
SAM NAJEWICZ MEMBER OF BOARD 0.00
Director
$0 $0 $0
SARAH HIBBARD MEMBER OF BOARD 0.00
Director
$0 $0 $0
SCOT GINSBURG MEMBER OF BOARD 0.00
Director
$0 $0 $0
SCOTT FOOTE MEMBER OF BOARD 0.00
Director
$0 $0 $0
SCOTT GROSS MEMBER OF BOARD 0.00
Director
$0 $0 $0
SERGIO DURON MEMBER OF BOARD 0.00
Director
$0 $0 $0
SHELLY SUTPHEN MEMBER OF BOARD 0.00
Director
$0 $0 $0
STATH KARRAS MEMBER OF BOARD 0.00
Director
$0 $0 $0
STEPHANE SHU KIN SO MEMBER OF BOARD 0.00
Director
$0 $0 $0
STEVE CHINOWSKY MEMBER OF BOARD 0.00
Director
$0 $0 $0
STUART STARR MEMBER OF BOARD 0.00
Director
$0 $0 $0
SUNITA COOKE MEMBER OF BOARD 0.00
Director
$0 $0 $0
TED GREENE MEMBER OF BOARD 0.00
Director
$0 $0 $0
TESS SANGSTER MEMBER OF BOARD 0.00
Director
$0 $0 $0
TODD POLING MEMBER OF BOARD 0.00
Director
$0 $0 $0
TREVOR WALKER MEMBER OF BOARD 0.00
Director
$0 $0 $0
TYLER ORION MEMBER OF BOARD 0.00
Director
$0 $0 $0
VICTORIA ASHTON MEMBER OF BOARD 0.00
Director
$0 $0 $0
WALTER ZABLE MEMBER OF BOARD 0.00
Director
$0 $0 $0
WILLIAM J RASTETTER MEMBER OF BOARD 0.00
Director
$0 $0 $0
ZACH MYERS MEMBER OF BOARD 0.00
Director
$0 $0 $0
CHRISTIE MARCELLA COO 40.00
Officer
$183,909 $0 $183,909
MIKE KRENN CEO 40.00
Officer
$289,970 $0 $289,970
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,827,352 $2,790,882 $2,869,712 $36,470
2023 $2,562,877 $2,217,821 $2,581,098 $345,056
2022 $2,690,604 $2,206,445 $2,161,085 $484,159
2021 $1,425,572 $1,447,084 $1,763,046 $-21,512
2020 $2,329,824 $2,065,256 $1,407,738 $264,568
2019 $1,693,824 $1,607,000 $857,730 $86,824
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