EIN 76-0699869

Promare

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2002
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Promare is a nonprofit corporate foundation of IBM Corporation based in Armonk, NY, and located in Chester, CT. It focuses on research projects, including the Mayflower Autonomous Ship, a full-size unmanned research vessel.
Total revenues
$291,154
2023
Total expenses
$111,031
2023
Total assets
$3,087,842
2023
Num. employees
0
2023

Program areas at Promare

Research projects including the mayflower autonomous ship which is a full size unmanned research ship that will take the route of the original mayflower ship, the norwegian sorlandet project which explored the lake floor of the telemark waterway, and the viking seas project which is the exploration of viking ships submerged along the norwegian coast and waterways.the sorlandet project is a cooperation with the norwegian maritime museum and telemark technology park. It is a survey of selected areas in the south of norway to locate and investigate important shipwreck sites. The project has located and excavated norway's only viking age shipwreck (2019-2022) and is currently working on a medieval wreck-site and an 18th century shipwreck carrying wine and other goods from france to norway when it perished in 1780.
Children's book created to tell the story of the mayflower autonomous ship that is being constructed by Promare.
Tax exempt interest and dividend income received
Tax refund received from prior years

Personnel at Promare

NameTitleCompensation
Gregory M CookDirector$0
Fredrik SoreideDirector and Vice President$0

Financials for Promare

RevenuesFYE 12/2023
Total grants, contributions, etc.$262,480
Investment income and dividends$21,416
Net rental income$0
Net gain from sale of non-inventory assets$5,650
Gross sales of inventory$0
Miscellaneous revenues$1,608
Total revenues$291,154

Form 990s for Promare

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-07990PFView PDF
2022-122023-05-02990PFView PDF
2021-122022-05-13990PFView PDF
2020-122021-09-10990PFView PDF
2019-122021-08-13990PFView PDF
...and 9 more Form 990s
Data update history
September 24, 2024
Posted financials
Added Form 990PF for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 20, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 3, 2023
Updated personnel
Identified 6 new personnel
May 15, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
Arts, cultural, and humanities
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
4 Water St PO Box 450
Chester, CT 06412
Metro area
Hartford-East Hartford-Middletown, CT
County
Lower Connecticut River Valley Planning Region, CT
Website URL
promare.org/ 
Phone
(203) 526-4911
IRS details
EIN
76-0699869
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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