Advancect Foundation Inc

Public charity · Grantmaker New Haven, CT EIN: 84-4530545

Advancect Foundation addresses economic inequality in Connecticut through funding workforce development and skills training, particularly targeting distressed communities.

Key facts about Advancect Foundation Inc

EIN
84-4530545
Latest 990 filing
Form 990, 2025
Total assets
$187,732

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$188K

+2.3% YoY

Revenue

$6K

-87.8% YoY

Net Investment Income

$6K

+128.1% YoY

Expenses

$2K

+2.9% YoY

About Advancect Foundation Inc

Based on IRS filings

Advancect Foundation Inc is a public charity focused on Community Improvement & Capacity Building, based in New Haven, CT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $188K in total assets. Net investment income was $6K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

New HavenHartfordBridgeport

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K0 grants2020 0 grants2021 3 grants2022 3 grants2023 0 grants2024 0 grants2025

From 2022 to 2023, annual grant giving ranged from $24K (2023) to $27K (2022). In 2023 it made 3 grants totaling $24K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

6 grants across all recorded years

6<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 6 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$187,732$183,433$132,682
Revenue$6,424$52,816$51,005
Expenses$2,125$2,065$43,855
Net Investment Income$6,424$2,816$1,005

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2022 (received by the IRS September 6, 2023)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS October 10, 2024)
  3. Added Form 990 for fiscal year 2025 (received by the IRS August 26, 2026)

Leadership & Key People

Officers and directors from IRS filings

Advancect Foundation Inc is led by Peter Denious, CEO on every filing since 2023; none of the 5 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Peter Denious

    CEO

    On filings since 2023

    1 hr/week

    No compensation reported

  • John W. Bourdeaux

    President

    On filings since 2023

    1 hr/week

    No compensation reported

  • James Smith

    Chair

    On filings since 2020

    1 hr/week

    No compensation reported

  • Donald Kendall Jr.

    Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • Margaret Keane

    Treasurer

    On filings since 2022

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Indra Nooyi (2020–2021) — Treasurer

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Advancect Foundation Inc

How large is Advancect Foundation Inc?

Advancect Foundation Inc reported $188K in total assets on its 2025 IRS Form 990. Its revenue that year was $6K.

What is Advancect Foundation Inc?

Advancect Foundation Inc is a public charity focused on Community Improvement & Capacity Building, based in New Haven, CT. It holds $188K in total assets as of 2025.

Where does Advancect Foundation Inc operate?

Advancect Foundation Inc has awarded grants in Connecticut.

What is Advancect Foundation Inc's EIN?

Advancect Foundation Inc's EIN (Employer Identification Number) is 84-4530545. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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