Overview
What is Founders First Community Development Corporation Inc?
Founders First Community Development Corporation Inc, based in San Diego, California, is a nonprofit organization committed to supporting underserved and under-represented small business owners. They provide essential assistance to these entrepreneurs, helping them overcome challenges stemming from limited access to capital. Through their initiatives, they aim to enhance business capacity, leading to increased revenue growth and the creation of more job opportunities. Their flagship program, FastPath, is tailored for companies generating between $1 million and $5 million annually, offering growth capital and professional development, such as leadership skills training, to empower Founder/CEOs to overcome obstacles and seize growth opportunities. With a dedicated team of three individuals, Founders First Community Development Corporation Inc plays a significant role in fostering the success of small businesses.
Official website here: www.foundersfirstcdc.org
Is Founders First Community Development Corporation Inc legitimate?
Founders First Community Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Founders First Community Development Corporation Inc 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.
Here are some key statistics you may want to consider:
Executive Compensation: $101,809
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,453
For more financial information, click here
What is the mission statement of Founders First Community Development Corporation Inc?
Founders First Community Development Corporation Inc's mission is centered around assisting underserved and under-represented small business owners who face challenges due to a lack of capital access. The organization aims to help these entrepreneurs increase their business capacity, leading to higher revenue growth and the creation of more job opportunities. Their work is primarily focused on companies generating between $1 million and $5 million in annual revenues. The corporation offers a program called FastPath, which provides growth capital up to $1 million, along with professional development to enhance leadership skills, confidence, and vision, enabling these business owners to capitalize on opportunities for accelerated revenue growth.
Official website here: www.foundersfirstcdc.org
Who is the CEO of Founders First Community Development Corporation Inc?
Shaylon Scott is the Executive Dir. of Founders First Community Development Corporation Inc.
Official website here: www.foundersfirstcdc.org
What is the revenue of Founders First Community Development Corporation Inc?
Founders First Community Development Corporation Inc's revenue in 2022 was $3,075,120.
Official website here: www.foundersfirstcdc.org
Who are the executives of Founders First Community Development Corporation Inc and what are their salaries?
The average compensation at Founders First Community Development Corporation Inc during 2022 was $57,754. There are 3 employees at Founders First Community Development Corporation Inc.
Here are 12 key members and their salaries:
- Shaylon Scott (Executive Dir.)
- Kim Folsom (Chairman) [Trustee/Director]
- Sulaiman Rahman (Trustee)
- Beverly Cole (Treasurer) [Trustee/Director]
- Alicia Quinn (Secretary) [Trustee/Director]
- Sharon Payne (Trustee)
- Yadira Esqueda (Trustee)
- Maurice Wilson (Trustee)
- Eli Velasquez (Trustee)
- Kurtis Trevan (Trustee)
- Janet Pullen (Trustee)
- Shauna Breeden (Controller)
Official website here: www.foundersfirstcdc.org
Where can I find the form 990 for Founders First Community Development Corporation Inc?
The Founders First Community Development Corporation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.foundersfirstcdc.org
Learn more at the official website: www.foundersfirstcdc.org
Mission Statement of Founders First Community Development Corporation Inc
Founders First Community Development Corporation Inc is committed to assisting underserved and under-represented small business owners who face challenges due to a lack of access to capital. Their mission is to help these entrepreneurs overcome these obstacles and increase their business capacity, leading to higher revenue growth and the creation of more job opportunities. The corporation provides the necessary support and resources, enabling these small businesses to overcome their challenges and realize their full potential. Their programs and services are tailored to companies generating between $1 million and $5 million in annual revenues, focusing on successful Founder/CEOs who require up to $1 million in growth capital, as well as professional development in areas such as leadership skills, confidence, and vision.
Impact
This information is meant to be a general summary of Founders First Community Development Corporation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Founders First Community Development Corporation Inc helps underserved and under-represented small business owners overcome challenges they face due to lack of access to capital. By providing support and resources, such as the FastPath program tailored for companies generating $1 million to $5 million in annual revenues, Founder First CDC helps these entrepreneurs grow their businesses, increase revenue, and create more job opportunities. Their impact is seen in the tangible growth and success of the small businesses they support, contributing to a more vibrant and resilient local economy.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER REVENUE
Revenue
$110
PROGRAM PARTICIPANT FEES
Revenue
$24,501
Organization Details
Founding Year
2005
Phone
(619) 869-5815
Principal Officer
Shaylon Scott
Main Address
10755 SCRIPPS POWAY PKWY 202, SAN DIEGO, CA, 92131
Website
www.foundersfirstcdc.org
NTEE Category
Code: B99 - Education
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