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Grepbeat

Tax-deductible

Durham, NC501(c)(3)Arts & Culture EIN 39-4162327Revenue $159K in FY2025Latest return filed Feb 23, 2026

On file with the IRSDurham, NCTax-exempt since Dec 2025Publicly supported charity — 170(b)(1)(A)(vi)

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To strengthen north carolina's startup ecosystem through journalism and community

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 39-4162327) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Spent on programs
66%
of spending
66% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
106.0 mo
of spending, in cash
106.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
1% of total assets
Liabilities are 1% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$159K
Spent
$16K
To programs
66%
Net assets
$143K

From the FY2025 Form 990 · see the original

Give Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $11K Management & general 34% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Joseph Colopy
President, Treasurer
$0Pt VII · Sec A
Barbara Coury
Chairperson
$0Pt VII · Sec A
Krista Covey
Director
$0Pt VII · Sec A
Chris Seper
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Grepbeat executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes North Carolina's startup growth with news and community events.

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1 program · $11K · in their own filed words · FY2025
01

Grepbeat informs the public about entrepreneurship and innovation in north carolina through original journalism published on its website, email newsletter, and podcast. The organization also hosts public events that provide educational programming and facilitates the exchange of information within the startup community.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 39-4162327) · Dispute this line
$11Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$159K
Ln 12
Gifts and grantsLn 1h$159K
Money outPt IX
$16K
Ln 25
Programscol B$11K
Managementcol C$5K
Owns and owesPt X
$143K
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$145K
LiabilitiesLn 26$2K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$159K
Government grantsLn 1e$5K
Fundraising eventsLn 1c$4K
Total revenueLn 12$159K
Assets in detailPt X, end of year
CashLn 1$145K
Cash and savings togetherLn 1–2$145K
Total assetsLn 16$145K
LiabilitiesLn 26$2K
Net assetsLn 32$143K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$0$145K
Total assetsLn 16$0$145K
LiabilitiesLn 26$0$2K
Net assetsLn 32$0$143K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Office expensesLn 13$890$890
Information technologyLn 14$1K$1K
OccupancyLn 16$5K$5K
TravelLn 17$142$142
Other expenses (24a–d)Ln 24$6K$6K
All other expensesLn 24e$77$77
Total functional expensesLn 25$16K$11K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 23, 2026 $159K$16K$143K$143K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $159,000 revenue, 12 lines filed
I-8 Contributions and grants$159,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$159,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$16,370
I-18 Total expenses$16,370
I-19 Revenue less expenses$142,630
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $159,000 across 6 lines filed
VIII-1c Fundraising events$4,000
VIII-1e Government grants$5,000
VIII-1f All other contributions, gifts and grants$150,000
VIII-1h Total contributions, gifts and grants$159,000
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$159,000
Part IX · Statement of functional expenses $16,370 across 7 lines filed
IX-11b Legal feesManagement $3,131$3,131
IX-13 Office expensesManagement $890$890
IX-14 Information technologyManagement $1,391$1,391
IX-16 OccupancyPrograms $4,960$4,960
IX-17 TravelPrograms $142$142
IX-24 Other expenses (24a–d)Programs $5,779$5,779
IX-24e All other expensesManagement $77$77
IX-25 Total functional expensesPrograms $10,881 · Management $5,489 · Fundraising $0$16,370
Part X · Balance sheet $144,611 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $0$144,611
X-16 Total assetsStart of year $0$144,611
X-17 Accounts payable and accrued expensesStart of year $0$1,981
X-26 Total liabilitiesStart of year $0$1,981
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $0$142,630
X-32 Total net assets or fund balancesStart of year $0$142,630
X-33 Total liabilities and net assetsStart of year $0$144,611
Part XI · Reconciliation of net assets $142,630 net assets at year end
XI-1 Total revenue$159,000
XI-2 Total expenses$16,370
XI-3 Revenue less expenses$142,630
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$142,630

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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