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First Rung Partners is a private corporation based in BEAUFORT, NC. The foundation received its IRS ruling in 2021. The principal officer is Laura Benson. It holds total assets of $188K. Annual income is reported at $70K. Total assets have grown from N/A in 2020 to $188K in 2024. The foundation is governed by 3 officers and trustees. Continued collaboration with carteret community college's small business center to enhance pipeline of eligible applicants. Tax records are available from 2020 to 2024. Contributions to this foundation are tax-deductible.
Identified first loan applicant and provided one-on-one coaching on a regular basis to assist her in the set up of a new business in beaufort, nc.
Collaborated with the president and senior vice president of carteret community college to establish an ongoing pipeline of future loan applicants.
Continued collaboration with carteret community college's small business center to enhance pipeline of eligible applicants.
The application deadline is NOT APPLICABLE.. First rung provides low-interest (prime rate) micro-loans up to $10,000 to young entrepreneurs (ages 21-50) who plan to start or currently have a small business located in carteret county. Funds must be used for approved business-related costs, such as space, inventory, equipment, marketing, advertising, or technology. Loan amounts are determined on a case-by-case basis depending on the business needs and the intended purpose for the funds. If approved, a separate packet of loan documents must be completed, including a business loan agreement, promissory note, and a security agreement.
First Rung Partners is headquartered in BEAUFORT, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Walter J Sliva Jr | VICE PRESIDENT | $0 | $0 | N/A |
| Kendall E Sliva | SECRETARY/TREASURER | $0 | $0 | N/A |
| Laura J S Benson | PRESIDENT | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$188K
Fair Market Value
N/A
Net Worth
$188K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
No individual grant records are available. Visit the foundation's 990-PF filings below for detailed grantee information.