Promare Inc is a private foundation focused on Arts, Culture & Humanities, based in CHESTER, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it made $277K in qualifying distributions. Net investment income was $161K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
-3.8% YoY
Revenue
$178K
-38.8% YoY
Qualifying Distributions
$277K
+171.1% YoY
Expenses
$294K
+165.2% YoY
Under IRS private-foundation payout rules, Promare Inc reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.
About Promare Inc
Based on IRS filings
Promare Inc is a private foundation focused on Arts, Culture & Humanities, based in CHESTER, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it made $277K in qualifying distributions. Net investment income was $161K.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,971,780 | $3,087,842 | $2,907,719 |
| Revenue | $178,217 | $291,154 | $110,220 |
| Expenses | $294,449 | $111,031 | $120,657 |
| Qualifying Distributions | $277,370 | $102,300 | $108,785 |
| Net Investment Income | $160,502 | $18,315 | $100,241 |
| Distributable Amount | $53,614 | $50,157 | $56,015 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRETT A PHANEUF | DIRECTOR | 20 | — |
| GREGORY M COOK | DIRECTOR/CHAIRMAN | 10 | — |
| FREDRIK SOREIDE | DIRECTOR/VICE PRESIDENT | 30 | — |
| AYSE D PHANEUF - 36505 COMP | PRESIDENT | 20 | — |
| MICHELE M GREGORY | DIRECTOR/SECRETARY | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Promare Inc?
Promare Inc is a private foundation focused on Arts, Culture & Humanities, based in CHESTER, CT. It holds $3.0M in total assets as of 2024.
How large is Promare Inc?
As of 2024, Promare Inc holds $3.0M in total assets with $178K in annual revenue.
How much is Promare Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Promare Inc reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Browse active grant opportunities in Promare Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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