Promare Inc

Private foundation Chester, CT EIN: 76-0699869

Promare Inc is a private foundation focused on Arts, Culture & Humanities, based in Chester, CT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.9M in total assets. In 2025, it made $200K in qualifying distributions. Net investment income was $97K.

Key facts about Promare Inc

EIN
76-0699869
Latest 990 filing
Form 990-PF, 2025
Total assets
$2,869,127

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.9M

-3.5% YoY

Revenue

$109K

-39.1% YoY

Qualifying Distributions

$200K

-27.8% YoY

Expenses

$211K

-28.3% YoY

Under IRS private-foundation payout rules, Promare Inc reported a distributable amount of $46K for 2025 — the minimum it must pay out in qualifying distributions.

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,869,127$2,971,780$3,087,842
Revenue$108,505$178,217$291,154
Expenses$210,988$294,449$111,031
Qualifying Distributions$200,313$277,370$102,300
Net Investment Income$97,070$160,502$18,315
Distributable Amount$45,935$53,614$50,157

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS August 31, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS August 7, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 23, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)

Leadership & Key People

Officers and directors from IRS filings

Promare Inc is led by Ayse D. Phaneuf, President on filings since 2020; none of the 5 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Ayse D. Phaneuf

    President

    On filings since 2020

    15 hrs/week

    No compensation reported

  • Gregory M. Cook

    Director & Chairman

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Brett A. Phaneuf

    Director

    On filings since 2020

    10 hrs/week

    No compensation reported

  • Michele M. Gregory

    Director & Secretary

    On filings since 2020

    10 hrs/week

    No compensation reported

  • Fredrik Soreide

    Director & Vice President

    On filings since 2022

    30 hrs/week

    No compensation reported

Former officers (2)
  • Former: Ayse D. Phaneuf - (2021–2024) — President
  • Former: Fredrik Soreide - (2020–2021) — Director & Vice President

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 Promare Inc

How large is Promare Inc?

Promare Inc reported $2.9M in total assets on its 2025 IRS Form 990-PF. It paid out $200K in qualifying distributions that year, against a required minimum of $46K (roughly 5% of its investment assets).

What is Promare Inc?

Promare Inc is a private foundation focused on Arts, Culture & Humanities, based in Chester, CT. It holds $2.9M in total assets as of 2025.

What is Promare Inc's EIN?

Promare Inc's EIN (Employer Identification Number) is 76-0699869. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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