Public Charity

CONNECT FOUNDATION

Based in SAN DIEGO, CA, CONNECT FOUNDATION operates as a Public Charity. The organization reported $3.1M in revenue, $3.1M in expenses, $2.2M in total assets for fiscal year 2025. Imperigo tracks 13 reported grant relationships connected to this organization totaling approximately $648K.

EIN: 203049742 SAN DIEGO, CA Educational Services NTEE: B90 Latest filing: 2025
Total Revenue$3.1M
Total Expenses$3.1M
Total Assets$2.2M
Grant Records13
Funding Total$648K
Filing Years2021–2025

Mission

CONNECT IS AN INNOVATION INSTIGATOR ESTABLISHED TO CULTIVATE SAN DIEGO'S LIFE SCIENCE AND TECH COMMUNITIES. A TRUSTED PARTNER FOR MORE THAN 30 YEARS, WE PROPEL OUR REGION'S ENTREPRENEURS AS THEY CREATE AND SCALE THEIR COMPANIES FROM FIRST-TIME FOUNDERS TO SEASONED EXECUTIVES. WE OPERATE ACROSS DIVERSE INDUSTRY VERTICALS WITH A MINDSET DRIVEN BY INCLUSIVE SOCIAL GOOD MAKING A POSITIVE IMPACT ACROSS THE ENTIRETY OF THE MEGA-REGION. IN ELEVATING ENTREPRENEURIAL MASTERY SUCH AS PROVIDING ACCESS TO INSTITUTIONAL CAPITAL, STRATEGIC ADVISING, AND PARTNERING OPPORTUNITIES WE BRING TOGETHER OUR REGION'S CULTURE AND SPIRIT TO IGNITE OUR INNOVATION ECONOMY.

Where $100 goes at Connect Foundation

How Connect Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$78 Programs the work itself
$13 Management running the organization
$9 Fundraising raising the next dollar

Inside the $78 for programs

$39
Springboard, a business creation and development program in which business advisors providementorship to new technology companies who then present to a panel of industry veterans,investors and service providers;frameworks…
50% of program spending
$25
Innovation day (five.Ten.Thirty) was the largest gathering of the innovation community in sandiego history
32% of program spending · Reported in the filing: 3,000 people
$8
Life science luminary dinner, an annual dinner of key players in the San Diego life science community, traditionally hosted at the home of a successful life science entrepreneur…
10% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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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

THE SAN DIEGO FOUNDATION
2024
A SDG&E ECONOMIC PROSPERITY GRANT TO SUPPORT THE 2024 CONNECT CAPITAL PROGRAM
$15,000
SHARP HEALTHCARE
2023
Sponsorship
$10,000
PERKINS COIE FOUNDATION C/O THOMAS S BOURNE
2022
2022 MEMBERSHIP RENEWAL, 2022 COOL COMPANIES, 2022 CONNECT, DEI LEADERSHIP PROGRAM
$19,976
THE SAN DIEGO FOUNDATION
2022
CONNECT CAPITAL CONNECTION PROGRAMS
$15,000
SHARP HEALTHCARE
2022
Sponsorship
$10,000

Showing up to 5 of 13 total records — full history available with membership.

Officers & Directors

MEMBER OF BOARD Adam Harris
MEMBER OF BOARD Ajay Nirula
MEMBER OF BOARD Alan Cole
MEMBER OF BOARD Al Guerrerro
MEMBER OF BOARD Alison Budelsky
MEMBER OF BOARD Al Pisano

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$239,500 6 grants
Fundraising & Sponsorship
$40,000 4 grants
Training & Professional Development
$19,976 1 grant
Economic Development
$15,000 1 grant
Unspecified
$333,934 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $3.1M $3.1M $2.2M
2024 $2.8M $2.8M $2.9M
2023 $2.6M $2.2M $2.6M
2022 $2.7M $2.2M $2.2M
2021 $1.4M $1.4M $1.8M

Between 2021 and 2025, reported annual revenue grew from $1.4M to $3.1M (+117%), with total assets most recently reported at $2.2M.

Interactive year-over-year charts and full filing details available with membership.

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