Advancect Foundation Inc
Advancect Foundation addresses economic inequality in Connecticut through funding workforce development and skills training, particularly targeting distressed communities.
Advancect Foundation Inc at a glance
- Total assets
- $187,732
- +2.3% vs 2024
- Revenue (2025)
- $6,424
- -87.8% vs 2024
- Net investment income (2025)
- $6,424
- +128.1% vs 2024
- Expenses (2025)
- $2,125
- +2.9% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Advancect Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2023, annual grant giving ranged from $24K (2023) to $27K (2022). In 2023 it made 3 grants totaling $24K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Havenly New Haven, CT | Workforce Grant | $9,000 |
| Fresh Start Pallet Products Hartford, CT | Workforce Grant | $9,000 |
| Manufacturing and Technical Community Hub New Haven, CT | Workforce Grant | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $187,732 | $6,424 | $2,125 | — | — | $6,424 |
| 2024 | $183,433 | $52,816 | $2,065 | — | — | $2,816 |
| 2023 | $132,682 | $51,005 | $43,855 | $24,000 | 3 | $1,005 |
| 2022 | $125,532 | $73,500 | $69,429 | $27,000 | 3 | — |
| 2021 | $121,536 | $50,000 | $75 | — | — | — |
| 2020 | $71,536 | $1,005,500 | $933,964 | — | — | — |
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.
Focus Areas
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.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS September 6, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 10, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS August 26, 2026)
Live grants for the work Advancect Foundation Inc funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Advancect Foundation Inc's focus areas in our free grants database
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Figures come from Advancect Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Advancect Foundation Inc down — hundreds of funders to go?