First Rung Partners

Organization Overview

First Rung Partners is located in Beaufort, NC. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Rung Partners is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, First Rung Partners generated $76.5k in total revenue. All expenses for the organization totaled $3.5k during the year ending 12/2021. While expenses have increased by 18.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

IDENTIFIED FIRST LOAN APPLICANT AND PROVIDED ONE-ON-ONE COACHING ON A REGULAR BASIS TO ASSIST HER IN THE SET UP OF A NEW BUSINESS IN BEAUFORT, NC.


COLLABORATED WITH THE PRESIDENT AND SENIOR VICE PRESIDENT OF CARTERET COMMUNITY COLLEGE TO ESTABLISH AN ONGOING PIPELINE OF FUTURE LOAN APPLICANTS.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $76,547
Interest on Savings $1
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $76,548

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