Built2last Innovations Lab Inc
- Assets
- $97.1k
- Revenue
- $301.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Durham, NC
- Founding
- Data as of
- 12/2022
- EIN
- 87-1504608
Organization Overview
Built2last Innovations Lab Inc, operating under the name Built2last Durham, is located in Durham, NC. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Built2last Durham employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Built2last Durham is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE A MORE INCLUSIVE ENTREPRENEURIAL AND BUSINESS ECOSYSTEM IN DURHAM, WITH AN EMPHASIS ON WOMEN AND UNDERREPRESENTED MINORITIES COMMUNITIES TO GAIN THE SKILLS AND EXPERIENCE NEEDED TO FULLY PARTICIPATE IN ECONOMIC PROPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ENTREPRENEURIAL TRAINING WORKSHOPS FOR CREATIVE ARTISTS DEVELOPED A TRAINING AND TECHNICAL ASSISTANCE PROGRAM DEVELOPED A MULTICHANNEL COMMUNICATION AND STRATEGY PLAN TO ENSURE THAT INFORMATION ON THE SUPPORT AND RESOURCES AVAILABLE REACHES MINTORITIES SECURED 18 VOLUNTEERS TO PROVIDE/FACILITATE TRAINING AND WORKSHOPS PROVIDED TRAINING TO CHILDCARE ENTREPRENEURS HOSTED FINANCIAL LITERACY WORKSHOPS FOR MARGINALIZED COMMUNITES PROVIDED COUNSELING AND SUPPORT FOR PPP/COVID FUNDING FOR BUSINESSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Joyce Blackwell Executive Director | Officer | 40 | $80,770 |
Anita Daniels Chair | OfficerTrustee | 0.5 | $0 |
Dewarren Langley Secretary | OfficerTrustee | 0.5 | $0 |
Kurt Merriweather Member | Trustee | 0.5 | $0 |
Dr Zaphon Wilson Member | Trustee | 0.5 | $0 |
Tom Droege Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $301,805 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,805 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,770 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,583 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,386 |
| Travel | $1,606 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,379 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,439 |
| All other expenses | $6,002 |
| Total functional expenses | $204,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,136 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $97,136 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $97,136 |