EIN 84-4530545

Advancect Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2020
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Advancect Foundation provides technical assistance and expertise to companies in or planning to locate in ct for the purposes of economic development for the state and the creation of jobs and businesses in economically depressed communities as well as the provision of education on economic development to the public and state and local governments. Advancect Foundation addresses economic inequality in Connecticut through funding workforce development and skills training, particularly targeting distressed communities.
Related structure
Advancect Foundation is a subordinate organization under AdvanceCT (CERC).
Total revenues
$73,500
2022
Total expenses
$69,429
2022
Total assets
$125,532
2022
Num. employees
0
2022

Program areas at Advancect Foundation

Advancect Foundation, Inc. is a nonprofit corporation organized in 2020 for charitable purposes.

Grants made by Advancect Foundation

GranteeGrant descriptionAmount
HavenlyWorkforce Grant$9,000
Mercy Learning Center of BridgeportWorkforce Grant$9,000
building furnitureWorkforce Grant$9,000

Who funds Advancect Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Norwitt Family Charitable FoundationGeneral Purpose$50,000

Personnel at Advancect Foundation

NameTitleCompensation
Peter L DeniousChief Executive Officer
Donald KendallSecretary$0
Margaret KeaneTreasurer$0
James SmithChair$0
Indra NooyiPast Treasurer$0

Financials for Advancect Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$73,500
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$73,500

Form 990s for Advancect Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-06990View PDF
2021-122022-11-08990View PDF
2020-122021-11-10990View PDF

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Minneapolis Business MentorsSt Louis Park, MN$48,793
Jeannette Outreach FactoryIrwin, PA$38,180
Fundacion BucarabonMaricao, PR$219,894
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Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
November 25, 2023
Updated personnel
Identified 2 new personnel
June 10, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Norwitt Family Charitable Foundation
May 14, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Norwitt Family Charitable Foundation
Nonprofit Types
Business and community development organizationsFamily service centersChapter / child organizationsCharities
Issues
HealthDiseases and disordersCommunity improvementEconomic development
Characteristics
Tax deductible donationsNo full-time employees
General information
Address
470 James St Suite 9
New Haven, CT 06513
Metro area
New Haven-Milford, CT
County
New Haven County, CT
Phone
(860) 571-7136
IRS details
EIN
84-4530545
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Subordinate organization
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