Connecticut · Nonprofit
DAE INC
DAE INC (Connecticut) receives grants from 7 organizations whose IRS filings report $4,953,859 to it, the largest being SYNCHRONY FOUNDATION ($2,868,750). 5 of them have funded it in more than one year.
- Revenue FY2025
- $1.9M
- Funders on record
- 7
- Grants received
- $5.0M
- Net assets
- $27k
What Dae Inc does
Mission
Dae creates spaces where peopleespecially those navigating economic and educational fogcan become themselves through relationship, and build real capability for work and civic life. We cultivate communities anchored by elder guides, peer circles, shared craft, and belonging. In these spaces, learners gain marketable expertise in high-demand digital tech fields, build portfolios of actual work, and develop the adaptive judgment needed to navigate careers that don't yet existall while held in long-term accompaniment and collaborative inquiry. We don't measure success by credentials alone. We measure it by whether people can act with confidence in uncertainty, contribute meaningfully to their communities, support themselves and those they love, and keep learning when the map runs out.we don't build 'pipelines'. We build places where people can pause, practice, be witnessed, and find their waytogether.
As stated on its FY2025 Form 990.
Program
On its FY2024 return the organization reported a significant change in how it conducts a program.
In 2022, dae, inc. Terminated its agreement with holberton school and completed a structured teach-out of the related program's students, which was completed in october of 2023. This shift allowed dae to focus on creating an immersive school, community hub, and incubator where youth explore emerging technologies through project-based work and mentorshipand adult learners develop technical and human competencies for a career in emerging tech fields. Dae was also able to develop its own curriculum tailored to its students and the needs of the local marketplace, while also remaining flexible and agile enough to shift and grow as technology changes. As part of the shift, dae discontinued isa-funded programs in exchange for grant and scholarship-funded programming which increased program accessibility while broadening the organization's reach and social impact. To reduce the organization's overhead / operational costs, dae chose to step away from its original space in district (which had a very high rent structure) and move to its new location on chapel street (resulting in a ~60% reduction in rent). In addition to reducing overhead / operational costs, the move made dae more accessible to students who commute to programming via bus and walking. The central location also provided dae with the opportunity to participate in more community events, such as the local night market, and continue to build relationships with other local, mission-focused and educational institutions like…
Its own explanation, from Schedule O of that return (Part III, line 3).
We continued our relationship with the synchrony foundation in stamford and in september 2025 launched a year-long program with the synchrony foundation for the 2025 2026 school year, serving 75 students from stamford public schools and norwalk public schools. Our contract also included a summer program for 25 students, slated for july august 2025. We continued our relationship with stamford partnership to provide 1-week, 3-week, and 6-month career readiness training for adult students. In calendar year 2025, we served 64 one-day students, 42 three-week students, and 12 six-month students. In calendar year 2026 we will be able to serve 60 one-week students and 12 six-month students. We continued our partnership with workforce alliance to provide 200 students with a one-day digital immersion experience and a further 60 students with a 3-week career exploration program. This program will run from july 2023 through june 2026.
$1,520,423 spent$324,087 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,520,423.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $1.3M to $2.2M (+73%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 25% · 2019 52% · 2020 69% · 2021 68% · 2022 8% · 2023 27% · 2024 22% · 2025 27%. Grants only. Government contracts and fees sit inside program revenue.
83% of DAE INC’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Alpesh Bhatt
CEO
Board chair
Stuart Sidle
Interim chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2018 → 2023: the base broadened from 2 funders to 4 funders, grant income rose $450k → $1.2M.
2 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of DAE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
DAE INC leans on a few funders — its largest provides 58% of grant income and the top three 92%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2018 56% · 2019 56% · 2020 52% · 2021 46% · 2022 77% · 2023 92% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of DAE INC's grant income comes from Connecticut funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $25k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
DAE INC is better cushioned than half of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Organizations like DAE INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Connecticut
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
80% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for DAE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds DAE INC?
- DAE INC (Connecticut) receives grants from 7 organizations whose IRS filings report $4,953,859 to it, the largest being SYNCHRONY FOUNDATION ($2,868,750). 5 of them have funded it in more than one year.
- How many funders does DAE INC have?
- IRS filings report 7 organizations giving $4,953,859 in grants to DAE INC, 5 of which have funded it in more than one year.
- Who is the largest funder of DAE INC?
- SYNCHRONY FOUNDATION is the largest funder on record, with $2,868,750 in grants. The full list of funders is on this page.
- How can an organization like DAE INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Dae →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing