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ADVANCECT IS A NONPROFIT THAT WORKS TO GROW THE CONNECTICUT ECONOMY.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$5.3M
Program Spending
87%
of total expenses go to program services
Total Contributions
$2.5M
Total Expenses
▼$4.7M
Total Assets
$4.7M
Total Liabilities
▼$1.6M
Net Assets
$3.2M
Officer Compensation
→$1.5M
Other Salaries
$847.8K
Investment Income
$97.5K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $5.3M | $2.5M | $4.7M | $4.7M | $3.2M |
| 2023IRS e-File | $5M | $2.8M | $4.7M | $3.9M | $2.5M |
| 2022 | $4.8M | $2.4M | $4.4M | $4.8M | $2.2M |
| 2021 | $4.8M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
| Total |
|---|
| John W Bourdeaux | President & CEO | 40 | $271.2K | $0 | $23.9K | $295.1K |
| Judy Olian | Co-chair | 2 | $0 | $0 | $0 | $0 |
| Dan O'Keefe | Director & Treasurer | 2 | $0 | $0 | $0 | $0 |
| R Adam Norwitt | Co-chair | 2 | $0 | $0 | $0 | $0 |
John W Bourdeaux
President & CEO
$295.1K
Hrs/Wk
40
Compensation
$271.2K
Related Orgs
$0
Other
$23.9K
Judy Olian
Co-chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dan O'Keefe
Director & Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
R Adam Norwitt
Co-chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Catherine Scangarella | VP Business Development | 40 | $209.2K | $0 | $23.1K | $232.3K |
| Shirar Mugler | Vp, Marketing | 40 | $131.9K | $0 | $32.2K | $164.2K |
| Rachel Gretencord | Vp, Research | 40 | $143.3K | $0 |
Catherine Scangarella
VP Business Development
$232.3K
Hrs/Wk
40
Compensation
$209.2K
Related Orgs
$0
Other
$23.1K
Shirar Mugler
Vp, Marketing
$164.2K
Hrs/Wk
40
Compensation
$131.9K
Related Orgs
$0
Other
$32.2K
Rachel Gretencord
Vp, Research
$157.8K
Hrs/Wk
40
Compensation
$143.3K
Related Orgs
$0
Other
$14.6K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Carlton Highsmith | Director | 0.5 | $0 | $0 | $0 | $0 |
| Donald Allan | Director | 0.5 | $0 | $0 | $0 | $0 |
| Frank Reynolds | Director | 0.5 | $0 | $0 | $0 | $0 |
| Greg Butler | Director | 0.5 | $0 | $0 | $0 | $0 |
| James Smith | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jay Williams | Director | 0.5 |
Carlton Highsmith
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Donald Allan
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Frank Reynolds
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $2.2M |
| $3.9M |
| $4M |
| $1.8M |
| 2020 | $4.1M | $2M | $3.8M | $2.5M | $893.3K |
| 2019 | $3.5M | $1.3M | $3.6M | $2M | $586.4K |
| 2018 | $3.3M | $1.4M | $3.3M | $1.2M | $662.7K |
| 2017 | $2.7M | $1.4M | $2.8M | $1.5M | $627K |
| 2016 | $3.5M | $1.4M | $3.6M | $1.6M | $741.6K |
| 2015 | $3.1M | $1.4M | $3.1M | $1.8M | $760.7K |
| 2014 | $2.8M | $1.3M | $2.7M | $1.5M | $687.9K |
| 2013 | $3.1M | $1.3M | $3.2M | $1.5M | $658.1K |
| 2012 | $3.3M | $1.4M | $3.3M | $1.4M | $723.4K |
| 2011 | $2.7M | $1.5M | $2.7M | $1.3M | $720.3K |
| 2010 | $2.7M | $1.4M | $2.8M | $1.2M | $711.8K |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | Data |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| $14.6K |
| $157.8K |
| Timothy Miller | Senior Dir, Business Devel | 40 | $130.8K | $0 | $18.8K | $149.5K |
| Patricia Mclaughlin | VP Operations | 40 | $126.8K | $0 | $18.7K | $145.5K |
| Lisa Mercurio | VP Business Development | 40 | $115K | $0 | $29.8K | $144.7K |
Timothy Miller
Senior Dir, Business Devel
$149.5K
Hrs/Wk
40
Compensation
$130.8K
Related Orgs
$0
Other
$18.8K
Patricia Mclaughlin
VP Operations
$145.5K
Hrs/Wk
40
Compensation
$126.8K
Related Orgs
$0
Other
$18.7K
Lisa Mercurio
VP Business Development
$144.7K
Hrs/Wk
40
Compensation
$115K
Related Orgs
$0
Other
$29.8K
| $0 |
| $0 |
| $0 |
| $0 |
| Jeffrey Flaks | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jeffrey Sonnenfeld Sr | Director | 0.5 | $0 | $0 | $0 | $0 |
| John Ciulla | Director | 0.5 | $0 | $0 | $0 | $0 |
| Josh Geballe | Secretary | 2 | $0 | $0 | $0 | $0 |
| Judy Marks | Director | 0.5 | $0 | $0 | $0 | $0 |
| Kathleen Silard | Director | 0.5 | $0 | $0 | $0 | $0 |
| Louis Lu | Director | 0.5 | $0 | $0 | $0 | $0 |
| Lutz Labisch | Director | 0.5 | $0 | $0 | $0 | $0 |
| Margaret Keane | Director | 0.5 | $0 | $0 | $0 | $0 |
| Peter L Denious | Director | 0.5 | $0 | $0 | $0 | $0 |
| Raj Ramachandran | Director | 0.5 | $0 | $0 | $0 | $0 |
| Salil Parekh | Director | 0.5 | $0 | $0 | $0 | $0 |
| Stacey Kennedy | Director | 0.5 | $0 | $0 | $0 | $0 |
Greg Butler
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
James Smith
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jay Williams
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jeffrey Flaks
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jeffrey Sonnenfeld Sr
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
John Ciulla
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Josh Geballe
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Judy Marks
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Kathleen Silard
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Louis Lu
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Lutz Labisch
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Margaret Keane
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Peter L Denious
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Raj Ramachandran
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Salil Parekh
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Stacey Kennedy
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0