First Flight Venture Center Inc

RESEARCH TRIANGLE PARK, NC EIN: 56-1752731 Website

TO PROPEL EARLY-STAGE SCIENCE COMPANIES THROUGH THE DELIVERY OF COMPREHENSIVE RESOURCES, AND TO EMPOWER INNOVATORS TO TRANSFORM GOOD IDEAS INTO GREAT SUCCESSES.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$12.8M

+498.5% YoY

Annual Giving

Grant Count

0

Avg Grant Size

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$3M$7M$10M$13M20202021202220232024
Metric202420232022
Total Assets$12,834,460$2,144,263$2,004,439
Revenue$12,132,561$1,534,311$1,426,319
Expenses$1,561,799$1,262,131$1,425,952
Qualifying Distributions
Net Investment Income$250,543$2,441$496
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$14K$28K$41K$55K0 grants20200 grants20211 grants20220 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does First Flight Venture Center Inc fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

KRISTA COVEYPRESIDENT$179KEMIL RUNGE IVPROGRAM MANAGER$105K

From 2024 filing

NameTitleHoursCompensation
MARY MUSACCHIABOARD CHAIR1
KENNETH TINDALLSECRETARY1
LEBONE MOSESTREASURER1
JEAN DAVISDIRECTOR1
PAULA HENDERSONDIRECTOR1
JAMES NICHOLSDIRECTOR1
MARY BETH THOMASDIRECTOR1
DAN O'KORNDIRECTOR1
KRISTA COVEYPRESIDENT40$179,000
EMIL RUNGE IVPROGRAM MANAGER40$105,000

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

Cities

Chapel Hill

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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