Mission
ADVANCECT FOUNDATION ADDRESSES ECONOMIC INEQUALITY IN CONNECTICUT THROUGH FUNDING WORKFORCE DEVELOPMENT AND SKILLS TRAINING, PARTICULARLY TARGETING DISTRESSED COMMUNITIES.
Public Charity
ADVANCECT FOUNDATION INC
ADVANCECT FOUNDATION INC is a nonprofit organization categorized as Public Charity based in NEW HAVEN, CT. Its most recent IRS filing (2025) reports revenue of $6K, expenses of $2K, total assets of $188K. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $500K.
EIN: 844530545
NEW HAVEN, CT
Economic Development
NTEE: S30
Latest filing: 2025
Total Revenue$6K
Total Expenses$2K
Total Assets$188K
Grant Records2
Funding Total$500K
Filing Years2020–2025
Where $100 goes at Advancect Foundation Inc
How Advancect Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$95
Programs
the work itself
$5
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $95 for programs
$95
Advancect Foundation, inc
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
For grant recipient's exempt purposes
$450,000
FOR GENERAL SUPPORT.
$50,000
Showing up to 5 of 2 total records — full history available with membership.
Officers & Directors
SECRETARY
Donald Kendall Jr
CHAIR
James Smith
PRESIDENT
John W Bourdeaux
TREASURER
Margaret Keane
CEO
Peter Denious
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $6K | $2K | $188K |
| 2024 | $53K | $2K | $183K |
| 2023 | $51K | $44K | $133K |
| 2022 | $74K | $69K | $126K |
| 2020 | $1.0M | $934K | $72K |
Between 2020 and 2025, reported annual revenue declined from $1.0M to $6K (-99%), with total assets most recently reported at $188K.
Interactive year-over-year charts and full filing details available with membership.