Dae Inc
Nonprofit profile at a glance
- EIN
- 823618329
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- New Haven, CT, USA
- Phone
- 2034018768
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $1,894,822
- Expenses
- $1,890,393
- Assets
- $1,693,134
- Liabilities
- $1,666,010
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- ALPESH BHATT (CEO)
Highest reported compensation
- ALPESH BHATT (CEO): $187,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 70
- Accountability: 70
- Sustainability: 34
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.3%; rating input score 80
- Program expense ratio: 80.4%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0.2%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.9; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.98; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 9.9%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 11.8% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 13.6% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: -1.3% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 80.3% of revenue deployed · 80.4% of spending went to programs
- Governance: 3 of 4 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.5M in reported program spending
- Leadership: top reported pay $188K · 4 people listed · 1 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.