Program areas at Founders First Community Development Corporation
FastPath:FastPath is designed for companies generating $1 million to $5 million in annual revenues. The program is best suited for successful Founder/CEOs, needing up to $1 million in growth capital as well as professional development, including leadership skills, confidence, and vision to overcome challenges and realize opportunities in accelerating revenue growth.
Passport to Funding A five hour, online, interactive, self-paced certification program designed to educate and guide small business owners through the major hurdles stopping them from obtaining the growth funding they need to fund and grow their business. This program is intended for small and medium businesses generating $50,000 to $10,000,000 in annual revenues.
Challenge:Challenge is for entrepreneurs with established businesses, earning between $50,000 and $250,000 in annual revenue, who want to achieve growth. 60-day Mini-Accelerator Program consists of four (4) workshops where you will learn how to work ON your business, not just IN your business! Program completes with Pitch and Graduation Event, with opportunity to compete for up to $5,000 cash and service prizes. Includes 18 months of post-program support coaching and support.
Who funds Founders First Community Development Corporation
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| ImpactAssets | 2023-12 | General Support | $825,000 |
| California Wellness Foundation | 2022-12 | For Core Operating Support To Strengthen the Economic Mobility of Founders and Other Small Business Owners in San Diego and Across Southern California, With Attention To the African American Community. | $300,000 |
| Rockefeller Foundation | 2022-12 | In General Support of Its Mission To Grow and Expand Diverse, Founder-Led Small Businesses Throughout the U.s. | $300,000 |
| ...and 15 more grants received |
Personnel at Founders First Community Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Shaylon Scott | Executive Director | $105,927 | 2024-07-10 |
| Alicia Quinn | Secretary | $0 | 2023-08-31 |
| Beverly Cole | Treasurer | $0 | 2023-08-31 |
| Kim Folsom | Chairman | $0 | 2023-08-31 |
| Shauna Breeden | Controller | $0 | 2022-08-31 |
Financials for Founders First Community Development Corporation
| Revenues | FYE 12/2023 | FYE 08/2023 | % Change |
|---|
| Total grants, contributions, etc. | $1,353,008 | $4,450,297 | -69.6% |
| Program services | $8,336 | $12,881 | -35.3% |
| Investment income and dividends | $6 | $0 | 999% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $1,361,350 | $4,463,178 | -69.5% |
Organizations like Founders First Community Development Corporation
| Organization | Type | Location | Revenue |
|---|
| PA IRC Network Foundation | 501(c)(3) | Williamsport, PA | $6,188,501 |
| Superior Business Center | 501(c)(3) | Superior, WI | $502,603 |
| Eastern American CDC | 501(c)(3) | Palisades Park, NJ | $1,262,705 |
| Broad Hollow Bioscience Park (BHBP) | 501(c)(3) | Farmingdale, NY | $2,178,523 |
| Development Corporation of Knox County (TDC) | 501(c)(3) | Knoxville, TN | $632,758 |
| Science Park Development Corporation | 501(c)(3) | New Haven, CT | $3,925,423 |
| Greater JFK District Management Association | 501(c)(3) | Jamaica, NY | $550,000 |
| Ironbound Business Improvement District Management Corporation | 501(c)(3) | Newark, NJ | $1,059,177 |
| Michigan Economic Development Foundation | 501(c)(3) | Okemos, MI | $782,167 |
| Greater Syracuse Land Bank | 501(c)(3) | Syracuse, NY | $3,813,121 |
Data update history
January 3, 2025
Posted financials
Added Form 990 for fiscal year 2023
August 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 26, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementBusiness and industry
Characteristics
Tax deductible donationsAccepts online donations
General information
- Address
- 10755 Scripps Poway Pkwy 202
- San Diego, CA 92131
- Metro area
- San Diego-Chula Vista-Carlsbad, CA
- County
- San Diego County, CA
- Website URL
- foundersfirstcdc.org/Â
- Phone
- (619) 869-5815
IRS details
- EIN
- 74-3166719
- Fiscal year end
- August
- Taxreturn type
- Form 990
- Year formed
- 2005
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Current - In Process
- FTB status revoked
- Not revoked
- AG Registration Number
- CT0256801
- FTB Entity ID
- 2591404
- AB 488 data last updated ("as-of") date
- 2024-12-31
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