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
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 31, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 23, 2025)
- 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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