EIN 56-1399587

Council for Entrepreneurial Development (CED)

IRS 501(c) type
501(c)(3)
Num. employees
8
City
Year formed
1984
Most recent tax filings
2024-06-01
NTEE code, primary
Description
The Council for Entrepreneurial Development (CED) is a private, non-profit organization formed in 1984 to identify, enable and promote high growth, high impact entrepreneurial companies and to accelerate the entrepreneurial culture of the Research Triangle and North Carolina. Headquartered in the Research Triangle with a divisional office in Wilmington, CED is the largest and oldest entrepreneurial support organization in the nation with more than 4,000 members representing over 1,100 entrepreneurial companies, financiers and professional firms.
Total revenues
$1,469,741
2024
Total expenses
$1,655,300
2024
Total assets
$3,918,556
2024
Num. employees
8
2024

Program areas at CED

Ced operates its non-profit programs according to a strategic vision adopted by the board of directors.programs like gro incubator provide education for early stage companies and founders. The curriculum is supported by successful founders who provide expertise and advice for scale.venture connect is another program that enables startup companies to connect to the resources they need to grow. This is the culmination of year-round progress achieved through support/guidance offered by ced team directly to startups.the annual conference (venture connect) returned to in-person format in 2022. The event hosts over 800 pp and provides education, connections and networking opportunities.ced engages over 400 partners in the business community including startups, corporate, investors, and other individuals. Ced launched a support organization network intended to bring together entities supporting entrepreneurs to foster collaboration across the ecosystem.ced continues to maintain partnerships with educational institutions helping to support business Development and economic growth.

Who funds Council for Entrepreneurial Development (CED)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
GS Daf (GSPF)Community & Human Services$10,000
American Endowment FoundationCommunity Devel$10,000
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$5,000

Personnel at CED

NameTitleCompensation
Kelly RowellPresident and Chief Executive Officer$142,500
Brennan BarberHead of Business DVLP$112,750
Hunter YoungHead of Capital$112,750
Jay BigelowHead of Entrepreneurship$121,250

Financials for CED

RevenuesFYE 06/2024
Total grants, contributions, etc.$1,103,111
Program services$349,671
Investment income and dividends$16,959
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,469,741

Form 990s for CED

Fiscal year endingDate received by IRSFormPDF link
2024-062025-02-26990View PDF
2023-062023-12-13990View PDF
2022-062022-12-01990View PDF
2021-062022-02-02990View PDF
2020-062021-03-01990View PDF
...and 10 more Form 990s
Data update history
October 25, 2024
Updated personnel
Identified 4 new personnel
October 23, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from American Endowment Foundation
February 5, 2024
Updated personnel
Identified 15 new personnel
February 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Social advocacy organizationsBusiness and community development organizationsCharities
Issues
Business and industry
Characteristics
MembershipsTax deductible donationsAccepts online donations
General information
Address
600 Park Offices Dr 100
Durham, NC 27709
Metro area
Durham-Chapel Hill, NC
County
Durham County, NC
Website URL
cednc.org/ 
Phone
(919) 549-7500
Facebook page
cedrtp 
Twitter profile
@cednc 
IRS details
EIN
56-1399587
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1984
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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