First Rung Partners Inc is a private foundation focused on Community Improvement & Capacity Building, based in BEAUFORT, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $188K in total assets. In 2024, it made $84K in qualifying distributions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$188K
+42.8% YoY
Revenue
$70K
+40.6% YoY
Qualifying Distributions
$84K
+243.8% YoY
Expenses
$14K
+34.3% YoY
Under IRS private-foundation payout rules, First Rung Partners Inc reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.
About First Rung Partners Inc
Based on IRS filings
First Rung Partners Inc is a private foundation focused on Community Improvement & Capacity Building, based in BEAUFORT, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $188K in total assets. In 2024, it made $84K in qualifying distributions.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $188,233 | $131,854 | $92,238 |
| Revenue | $70,385 | $50,048 | $29,635 |
| Expenses | $14,006 | $10,432 | $10,461 |
| Qualifying Distributions | $83,574 | $24,312 | $35,675 |
| Net Investment Income | — | — | — |
| Distributable Amount | $20,935 | $6,783 | $4,928 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAURA J S BENSON | PRESIDENT | 20 | — |
| WALTER J SLIVA JR | VICE PRESIDENT | 15 | — |
| KENDALL E SLIVA | SECRETARY/TREASURER | 8 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is First Rung Partners Inc?
First Rung Partners Inc is a private foundation focused on Community Improvement & Capacity Building, based in BEAUFORT, NC. It holds $188K in total assets as of 2024.
How large is First Rung Partners Inc?
As of 2024, First Rung Partners Inc holds $188K in total assets with $70K in annual revenue.
How much is First Rung Partners Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, First Rung Partners Inc reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is First Rung Partners Inc's EIN?
First Rung Partners Inc's EIN (Employer Identification Number) is 84-4692633. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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