Daffy

Council for Entrepreneurial Development

Council for Entrepreneurial Development

Durham, NC 27709
Tax ID56-1399587

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About this organization

Revenue

$1,618,449

Expenses

$1,685,755

Website

cednc.org

Mission

To connect entrepreneurial companies with high-value resources such as education, mentoring and capital connections/formation, to entrepreneurial companies to accelerate business growth.

About

CED operates its non-profit programs according to a strategic vision adopted by the board of directors. CED continues to provide the Venture Mentoring Service (VMS), a free program for any entrepreneurial company seeking guidance from a team of seasoned business leaders. The VMS program has provided support to over 200 ventures and attracted more than 80 active mentors. CED's EIR (Entrepreneur in Residence) program provides dedicated hands-on support and resources to early stage companies to accelerate their growth. CED's Connect to Capital program connects entrepreneurial companies to investors and provides education on funding and pitch strategies. The annual CED Tech and Life Science Conferences continued to be premier events with attendees participating in educational sessions and networking opportunities. The conferences attracted more than 1400 attendees. Total number of members are over 400 with 90 members being strategic partners. The strategic partner level of membership supports non-sponsored educational programs. CED continues to maintain partnerships with dozens of nonprofit and educational institutions helping support business development and economic growth.

Interesting data from their 2020 990 filing

The purpose of the non-profit is listed in the filing as “To connect entrepreneurial companies with high-value resources such as education, mentoring and capital connections/formation, to entrepreneurial companies to accelerate business growth.”.

When discussing its operations, they were characterized as: “To connect entrepreneurial companies with high value resources to accelerate business growth.”.

  • The non-profit's legally reported state of operation is NC.
  • The filing states that the non-profit's address in the year 2020 is 600 PARK OFFICES DRIVE NO 100, RESEARCH TRIANGLE PARK, NC, 27709.
  • The form submitted by the non-profit for 2020 shows a total of 14 employees.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$67,306.
  • The organization has 59 independent voting members.
  • The organization was formed in 1984.
  • The organization pays $1,139,390 in salary, compensation, and benefits to its employees.
  • The organization pays $5,000 in fundraising expenses.