Overview
What is Fayetteville State University Development Corp?
Fayetteville State University Development Corp is a nonprofit organization situated in Fayetteville, North Carolina. With an address at 1200 Murchison Road, their primary mission is to foster business growth by providing a business incubator within the vicinity of the Fayetteville State University campus. This initiative aims to stimulate local entrepreneurship and contribute to the economic development of the surrounding area.
Is Fayetteville State University Development Corp legitimate?
Fayetteville State University Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayetteville State University Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Fayetteville State University Development Corp?
The Fayetteville State University Development Corp is committed to fostering business growth through the utilization of a business incubator in the surrounding area. Their mission is to stimulate business development, leveraging the resources of the business incubator to support local entrepreneurs and businesses. The organization aims to provide a conducive environment for businesses, offering them the necessary tools, resources, and guidance to thrive and succeed. By doing so, they contribute to the economic development of the community, creating opportunities for local businesses and fostering a vibrant business ecosystem.
Who is the CEO of Fayetteville State University Development Corp?
Ulysses Taylor is the Director of Fayetteville State University Development Corp.
What is the revenue of Fayetteville State University Development Corp?
Fayetteville State University Development Corp's revenue in 2022 was $217,649.
Who are the executives of Fayetteville State University Development Corp and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $302,349
- Other: $0
- Compensation: $0
- Related: $188,370
- Other: $0
- Compensation: $0
- Related: $165,179
- Other: $0
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- Other: $0
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- Other: $0
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- Related: $0
- Other: $0
Where can I find the form 990 for Fayetteville State University Development Corp?
Fayetteville State University Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fayetteville State University Development Corp
Fayetteville State University Development Corp is committed to fostering business growth in the region surrounding its campus. Their mission is centered around utilizing a business incubator as a tool for this development. By leveraging this resource, the organization aims to stimulate business development in the area, contributing to its overall economic growth and vitality.
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Impact
October, 2024
Fayetteville State University Development Corp significantly impacts the local economy and community by promoting business development through its business incubator initiatives. Located in Fayetteville, NC, the organization focuses on fostering entrepreneurship and supporting local startups in the area surrounding the Fayetteville State University campus. By providing essential resources, mentorship, and networking opportunities, it enhances the entrepreneurial landscape, encouraging innovation and economic growth.
Through its programs, the Development Corp helps to cultivate new businesses, creating jobs and stimulating local economic activity. The focus on community improvement ensures that not only are new ventures launched, but they are also sustained, contributing positively to the overall vitality of the Fayetteville area. Its commitment to empowering entrepreneurs showcases a proactive approach to enhancing the socioeconomic status of the community, making a lasting impact on the region's business ecosystem.
This information is meant to be a general summary of Fayetteville State University Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $34,855
- Gross Receipts: $217,649
Assets and Liabilities:
- Total Assets: $1,870,709
- Total Liabilities: $0
- Net Assets: $1,870,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING RENTAL INCOME
Revenue
$34,855
Organization Details
Founding Year
1999
Principal Officer
Ulysses Taylor
Main Address
1200 MURCHISON ROAD, FAYETTEVILLE, NC, 28301
NTEE Category
Code: S31 - Community improvement
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