Overview
What is Advancect Foundation Inc?
Advancect Foundation Inc, established in 2020, is a charitable nonprofit organization located in New Haven, Connecticut. With a mission to combat economic inequality, the foundation primarily focuses on funding workforce development and skills training initiatives. They specifically target distressed communities to empower individuals with the necessary skills to secure employment and improve their livelihoods. The foundation's activities in Connecticut aim to create opportunities for growth and reduce disparities in access to quality jobs and education.
Is Advancect Foundation Inc legitimate?
Advancect Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advancect Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Advancect Foundation Inc?
The Advancect Foundation Inc, established in 2020, is committed to addressing economic inequality in Connecticut. They accomplish this by providing funding for workforce development and skills training, with a focus on disadvantaged communities. The organization's mission is to contribute to the economic growth and improvement of these communities by equipping their members with essential job skills.
Who is the CEO of Advancect Foundation Inc?
Peter L Denious is the Chair of Advancect Foundation Inc.
What is the revenue of Advancect Foundation Inc?
Advancect Foundation Inc's revenue in 2022 was $73,500.
Who are the executives of Advancect Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Advancect Foundation Inc?
Advancect Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Advancect Foundation Inc
Advancect Foundation, a nonprofit organization established in 2020, is committed to addressing economic inequality in Connecticut. Their mission is twofold: they provide funding for workforce development and skills training, specifically focusing on distressed communities. By investing in these areas, the foundation aims to bridge the gap between economic disparities, thereby promoting a more equal society. The Advancect Foundation's efforts are particularly targeted towards distressed communities, recognizing the unique challenges they face and the potential for meaningful change through targeted interventions.
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Impact
August, 2024
Advancect Foundation Inc's impact is focused on addressing economic inequality in Connecticut through funding workforce development and skills training, particularly targeting distressed communities. By investing in these initiatives, the foundation is helping to empower individuals in underserved areas, providing them with the tools and support needed to improve their economic prospects and overall well-being. This targeted approach contributes to community improvement by fostering greater opportunities for individuals to access sustainable employment and build stronger foundations for their families and communities.
This information is meant to be a general summary of Advancect Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $73,500
Assets and Liabilities:
- Total Assets: $125,532
- Total Liabilities: $0
- Net Assets: $125,532
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Organization Details
Founding Year
2020
Phone
(860) 571-7136Principal Officer
Peter L Denious
Main Address
470 JAMES STREET SUITE 9, NEW HAVEN, CT, 06513
NTEE Category
Code: S30 - Community improvement
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