Private foundation (trust)EIN 844692633Est. 2021-01
FIRST RUNG PARTNERS INC
BEAUFORT, NC 285161821
Accepts unsolicited proposalsTotal Assets
$188K
FY 2024
Annual Giving
—
FY 2024
Grants Made
0
FY 2024
Avg Grant
—
FY 2024
Grant Range
—
Typical
Deadlines
Not applicable.
Applications
Programs & Activities
Program 1
Continued collaboration with carteret community college's small business center to improve criteria and requirements for eligible applicants
Program 2
Surveyed local community for types of businesses needed to fill gaps and interviewed aspiring entrepreneures, including 2023 loan applicants from prior year.
Program 3
Met with each loan recipient for financial and business operations review, coaching, and relevant education and professional services referrals.
Program 4
Conferred with other commercial and nonprofit lenders as well as economic development officials on industry best practices.
Focus Areas
Financial Snapshot
2024 filing
Total Revenue
$70K
Total Expenses
$14K
Qualifying Distributions
$84K
Distributable Amount
$21K
Min. Investment Return
$1K
Payout rate
Qualifying distributions as a share of distributable amount.
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