FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC
AI Summary
FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC is a nonprofit organization dedicated to supporting underserved and under-represented small business owners by providing access to capital and enhancing their business capacity, ultimately aiming to increase revenue growth and create more jobs. With an operating budget of $4.9 million and total revenue of $2.3 million for the 2024 filing year, the organization is funded by major contributors including FIDELITY INVESTMENTS CHARITABLE GIFT FUND, NATIONAL PHILANTHROPIC TRUST, Silicon Valley Community Foundation, VANGUARD CHARITABLE ENDOWMENT PROGRAM, and The Chicago Community Trust. The organization does not rely on a single funder for 50% or more of its revenue.
Mission Statement
HELP UNDERSERVED, UNDER-REPRESENTED SMALL BUSINESS OWNERS OVERCOME CHALLENGES THEY FACE DUE TO LACK OF ACCESS TO CAPITAL AND TO ASSIST THEM IN INCREASING BUSINESS CAPACITY RESULTING IN HIGHER REVENUE GROWTH AND PROVIDING MORE JOBS.
Cause Areas
1
Education
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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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Frequently Asked Questions
What is FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC’s budget?
In 2024, FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC reported an annual operating budget of around $4.9 million. More detailed financial information is available to registered users.
What causes does FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC support?
FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC supports work in Education.
Where does FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC operate?
FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC is headquartered in San Diego, CA.
Who funded FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC recently?
In 2024, FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC received grants from IMPACTASSETSINC, JPMORGAN CHASE FOUNDATION, and FIDELITY INVESTMENTS CHARITABLE GIFT FUND. More information on this organization’s funders is available to registered users.
What is the largest grant FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC received in 2024?
The largest grant to FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC in 2024 exceeds $1.4 million.