Overview

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Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

WEBB SQUARED is a nonprofit organization focused on economic development, specifically aimed at redressing the racial wealth gap and building generational wealth by providing incubator and accelerator services to Black and Brown entrepreneurs in rural North Carolina. With an operating budget of $242,000 and total revenue of $226.9 million for the filing year 2024, the organization is significantly supported by multiple funders, none of which account for 50% or more of its revenue. More information can be found on their website at www.webbsquared.org.

Mission Statement

TO REDRESS THE RACIAL WEALTH GAP AND BUILD GENERATIONAL WEALTH BY PROVIDING INCUBATOR AND ACCELERATOR SERVICES TO BLACK AND BROWN ENTREPRENEURS IN RUAL NC.
Revenues
$226.9K
Expenses
$242K
Net Income:
-$15.1K
Assets
$1.6K
Liabilities
$0
Net Assets:
+$1.6K
Operating Budget
$242K
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
$25K
Largest grant received
$54.8K
M
Maxine Burgess
Board Member
J
Judy Batista
Board Member
C
Carol Hewitt
Board Member

Frequently Asked Questions

What is WEBB SQUARED’s budget?
In 2024, WEBB SQUARED reported an annual operating budget of around $242 thousand. More detailed financial information is available to registered users.
What causes does WEBB SQUARED support?
WEBB SQUARED supports work in Economic development.
Where does WEBB SQUARED operate?
WEBB SQUARED is headquartered in Pittsboro, NC.
Who funded WEBB SQUARED recently?
In 2024, WEBB SQUARED received grants from Z SMITH REYNOLDS FOUNDATION INC, WAYFARER FOUNDATION, and FENWICK FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant WEBB SQUARED received in 2024?
The largest grant to WEBB SQUARED in 2024 exceeds $55 thousand.