Overview

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Est.

1991

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

FIRST FLIGHT VENTURE CENTER INC is a North Carolina-based nonprofit focused on business and industry, providing flexible terms and pricing to technology entrepreneurs through non-dilutive funding strategies, advanced prototyping, and laboratory and office leases. In filing year 2024, it reported an operating budget of $1.6M and total revenue of $12.1M, with top funders including NC IDEA, NORTH CAROLINA BIOTECHNOLOGY CENTER, and TRIANGLE COMMUNITY FOUNDATION INC.

Mission Statement

Providing flexible terms and pricing to North Carolina technology entrepreneurs in the area of non-dilutive funding strategies, advanced prototyping, laboratory and office leases. We help NC technology entrepreneurs grow their businesses.
Revenues
$12.1M
Expenses
$1.6M
Net Income:
+$10.6M
Assets
$12.8M
Liabilities
$360.8K
Net Assets:
+$12.5M
Operating Budget
$1.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$8.8K
Largest grant received
$10K
K
Krista Covey
Board Member
J
Jean Davis
Board Member
D
Dan O'KORN
Board Member
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  • 5 funders
  • 22 board & team members
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Frequently Asked Questions

What is FIRST FLIGHT VENTURE CENTER INC’s budget?
In 2024, FIRST FLIGHT VENTURE CENTER INC reported an annual operating budget of around $1.6 million. More detailed financial information is available to registered users.
What causes does FIRST FLIGHT VENTURE CENTER INC support?
FIRST FLIGHT VENTURE CENTER INC supports work in Business and industry.
Where does FIRST FLIGHT VENTURE CENTER INC operate?
FIRST FLIGHT VENTURE CENTER INC is headquartered in Research Triangle Park, NC.
Who funded FIRST FLIGHT VENTURE CENTER INC recently?
In 2024, FIRST FLIGHT VENTURE CENTER INC received grants from NC IDEA, NC IDEA, and NC IDEA. More information on this organization’s funders is available to registered users.
What is the largest grant FIRST FLIGHT VENTURE CENTER INC received in 2024?
The largest grant to FIRST FLIGHT VENTURE CENTER INC in 2024 exceeds $10 thousand.
What is FIRST FLIGHT VENTURE CENTER INC’s reliance on government grants?
FIRST FLIGHT VENTURE CENTER INC relied on government grants for more than 85% of their total revenue in 2024.