NonprofitsFirst Flight Venture Center Inc

Community Improvement

First Flight Venture Center Inc

DURHAM, NC

Total revenue

$12.1M

Total expenses

$1.6M

Net assets

$12.5M

Grants received

$300K

11 grants

EIN

561752731

Tax year

2024

Mission

Providing flexible terms and pricing to north carolina technology entrepreneurs in the areas of non-dilutive funding strategies, advanced prototyping, and laboratory and office leases. We support nc technology entrepreneurs in growing their businesses.

Programs

3 programs

Subsidized grant writing services offer non-dilutive funding strategies to accepted candidates. These services support both phase i and phase ii sbir government grant applications, helping entrepreneurs secure critical early-stage funding.

Expenses: $126K

The advanced prototyping facility is a subscription-based community resource designed to support the development of advanced technology product prototypes. It offers design contract services and maintains a wide range of high-tech prototyping equipment to assist innovators in bringing their ideas to life.

Expenses: $144K

Wheelsup accelerator and all other.

Expenses: $40K

Financials

FY 2024

Revenue

Contributions & grants$10.9M
Program service revenue$1.0M
Investment income$251K
Other revenue
Total revenue$12.1M

Expenses

Grants paid
Salaries & benefits$575K
Fundraising$79K
Other expenses$908K
Total expenses$1.6M
Total assets$12.8M
Net assets$12.5M

People

10 listed

NameRoleCompensation

KRISTA COVEY

PRESIDENT

Board

$179K

40 hrs/wk

LEBONE MOSES

TREASURER

Board

1 hrs/wk

JEAN DAVIS

DIRECTOR

Board

1 hrs/wk

PAULA HENDERSON

DIRECTOR

Board

1 hrs/wk

MARY MUSACCHIA

BOARD CHAIR

Board

1 hrs/wk

MARY BETH THOMAS

DIRECTOR

Board

1 hrs/wk

DAN O'KORN

DIRECTOR

Board

1 hrs/wk

JAMES NICHOLS

DIRECTOR

Board

1 hrs/wk

KENNETH TINDALL

SECRETARY

Board

1 hrs/wk

EMIL RUNGE IV

PROGRAM MANAGER

Staff

$105K

40 hrs/wk

Independent contractors

ESKOLA LLC

ROOFING

$247K

Grants received

Showing 11 of 11

FromAmountPurposeYear
$13K
MEDICAL / PUBLIC SERVICES
2023
$25K
ECOSYSTEM GRANTS
2022
$5K
ENGAGE GRANTS
2022
$25K
ECOSYSTEM GRANTS
2021
$5K
ENGAGE GRANTS
2021
$5K
ENGAGE GRANTS
2021
$100K
ECOSYSTEM GRANTS
2020
$10K
ENGAGE GRANTS
2020
$25K
PUBLIC, SOCIETAL BENEFIT
2019
$63K
GENERAL PURPOSE
2017

Funded by

$300K from 5 funders · 11 grants · 2017–2023

Nc Idea

$175K · 7 grants · 2020–2022

Triangle Community Foundation Inc

$63K · 1 grant · 2017

National Philanthropic Trust

$25K · 1 grant · 2019

Gs Donor Advised Philanthropy Fund

$13K · 1 grant · 2023

Details

EIN561752731
NTEE codeS400
Subsection03
Ruling date1993-04
Formed1991
Employees8
Volunteers100
FIRST FLIGHT VENTURE CENTER INC — Mission, Financials & Grants Received | Grantivo