To redress the racial wealth gap and build generational wealth by providing incubator and accelerator services to black and brown entrepreneurs in rural North Carolina.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $22K a year · 9% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $98K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$201K
+148% vs prior year
Spent
$187K
To programs
51%
Net assets
$17K
By yearFY2021–FY2025
Revenue
$201K
FY2023▲ +148%
Tap a bar for its year
Revenue by fiscal year
FY2021$34K
FY2022$81K
FY2023$201K
FY2024$227K
FY2025$307K
Expenses
$187K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$187K
FY2024$242K
FY2025$241K
Net assets
$17K
FY2023▼ -46%
Tap a bar for its year
Net assets by fiscal year
FY2021$26K
FY2022$31K
FY2023$17K
FY2024$2K
FY2025$67K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2021.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $95K Management & general 49% · $92K

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

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
Associate Director
$39,809Pt VII · Sec A
Executive Director
$34,883Pt VII · Sec A
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Rinnie Orr’s $40K as Associate Director is at the 21st percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022
Rinnie Orr$39,809$28,000
Stephanie Terry$34,883$28,700

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Webb Squared executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aYes

Programs and updates

Provides educational programs and resources to support charitable causes.

Questions for Webb Squared

Tap to ask. Webb Squared sees how many people are interested.

Your first name shows with your question. Webb Squared answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $95K · in their own filed words · FY2023
01

Bipoc business programs

$79Kprogram expense
02

Business coaching

$16Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$98K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$201K
Ln 12
Fees for servicesLn 2g$111K
Gifts and grantsLn 1h$91K
Money outPt IX
$187K
Ln 25
Programscol B$95K
Managementcol C$92K
Owns and owesPt X
$17K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$17K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$91K
Fees for servicesLn 2g$111K
Total revenueLn 12$201K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Total assetsLn 16$17K
LiabilitiesLn 26$0
Net assetsLn 32$17K
OperationsPt I, VI
EmployeesI 53
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2K$5K
Total assetsLn 16$2K$17K
LiabilitiesLn 26$0$0
Net assetsLn 32$2K$17K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$75K$9K$66K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$345$345
Other employee benefitsLn 9$0
Payroll taxesLn 10$7K$7K
Management feesLn 11a$45K$45K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$3K$2K$1K
Office expensesLn 13$3K$3K
Information technologyLn 14$799$799
RoyaltiesLn 15$0
OccupancyLn 16$20K$20K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$17K$17K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$659$659
Other expenses (24a–d)Ln 24$7K$2K$4K
All other expensesLn 24e$476$476
Total functional expensesLn 25$187K$95K$92K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $307K$241K$66K$67K 990 PDF
FY2024 $227K$242K−$15K$2K 990 PDF
FY2023 Viewing $201K$187K$15K$17K 990 PDF
FY2022 $81K$31K 990 PDF
FY2021 $34K$26K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $201,271 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $81,011$90,524
I-9 Program service revenue$110,747
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $81,011$201,271
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $56,700$82,075
I-16a Professional fundraising feesPrior year $2,954$0
I-17 Other expensesPrior year $16,044$104,457
I-18 Total expensesPrior year $75,698$186,532
I-19 Revenue less expensesPrior year $5,313$14,739
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-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $201,271 across 4 lines filed
VIII-1f All other contributions, gifts and grants$90,524
VIII-1h Total contributions, gifts and grants$90,524
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $110,747$110,747
VIII-12 Total revenueRelated to mission $110,747$201,271
Part IX · Statement of functional expenses $186,532 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $8,820 · Management $65,872$74,692
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributionsManagement $345$345
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $7,038$7,038
IX-11a Management feesPrograms $45,318$45,318
IX-11b Legal feesManagement $5,399$5,399
IX-11c Accounting feesManagement $2,099$2,099
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $1,500 · Management $1,185$2,685
IX-13 Office expensesManagement $3,232$3,232
IX-14 Information technologyManagement $799$799
IX-15 Royalties$0
IX-16 OccupancyPrograms $19,800$19,800
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $17,124$17,124
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $659$659
IX-24 Other expenses (24a–d)Programs $2,406 · Management $4,460$6,866
IX-24e All other expensesManagement $476$476
IX-25 Total functional expensesPrograms $94,968 · Management $91,564 · Fundraising $0$186,532
Part X · Balance sheet $16,724 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $1,985$5,174
X-9 Prepaid expenses and deferred charges$11,550
X-16 Total assetsStart of year $1,985$16,724
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,985$16,724
X-33 Total liabilities and net assetsStart of year $1,985$16,724
Part XI · Reconciliation of net assets $16,724 net assets at year end
XI-1 Total revenue$201,271
XI-2 Total expenses$186,532
XI-3 Revenue less expenses$14,739
XI-4 Net assets at start of year$1,985
XI-10 Net assets at end of year$16,724

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.