FIRST FLIGHT VENTURE CENTER INC

FIRST FLIGHT VENTURE CENTER INC

Research Triangle Park, NC, US
501(c)3
EIN
56-1752731

FIRST FLIGHT VENTURE CENTER INC

Research Triangle Park, NC, US
501(c)3
EIN
56-1752731

Overview

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Est.

1991

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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FIRST FLIGHT VENTURE CENTER INC is a nonprofit organization dedicated to supporting technology entrepreneurs in North Carolina by providing flexible terms and pricing for non-dilutive funding strategies, advanced prototyping, and laboratory and office leases. With an operating budget of $1.6 million and total revenue of $12.1 million for the 2024 filing year, the organization is well-resourced to assist in the growth of local businesses. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base. More information can be found on their website at www.ffvcnc.org.

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

3

Median grant size
$12.5K
Largest grant received
$25K
K
Krista Covey
Board Member
D
Dan O'KORN
Board Member
J
Jean Davis
Board Member

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 2023, FIRST FLIGHT VENTURE CENTER INC received grants from NC IDEA, GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC, 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 2023?
The largest grant to FIRST FLIGHT VENTURE CENTER INC in 2023 exceeds $25 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.
Overview
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