The North Carolina State Capitol in Raleigh behind a flowering crape myrtle
Foundation Lookup

Form 990-PFTax year 2024EIN 01-0702442

NC Idea

A private foundation in Durham, NC. Its return for tax year 2024 lists 190 grants and $2.6 million paid in grants.

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Tax year 2024 (period ending Jun 30, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
NC Idea
411 W Chapel Hill Street Suite C2
Durham, NC 27701
(919) 941-5600
Form and materials
The organization's $10,000 micro grant provides small amounts of funding to entrepreneurs who are testing a big, new business idea. Through small, project-based grants, the organization grants micro awards funding up to $10,000 to young companies looking to validate and advance their idea. Management has found that funding, paired with mentorship and guidance, early in a company's lifecycle, can make a significant impact on future success. When evaluating each application, NC idea will make an assessment of the strengths and weaknesses of each applicant company in the following areas: idea, technology, team, market, competition, strategy, funding, and impact. Additional details on the evaluation criteria can be found here: https://ncidea.org/nc-idea-micro/
Deadlines
Additional details on the submission timeline can be found at: https://ncidea.org/nc-idea-micro/
Restrictions
For micro grants, NC idea's evaluation process is rigorous and competitive. Companies must meet criteria related to geography, industry, stage of development, team, market opportunity, and prior and future investment in order to be considered. Additional details regarding eligibility can be found at: https://ncidea.org/nc-idea-micro/ submission deadlines: NC idea's micro grant program has two grant cycles each year. Our spring grant cycle typically opens in mid-february, while our fall grant cycle opens sometime between mid-august and early september.
Contact
NC Idea
411 W Chapel Hill Street Suite C2
Durham, NC 27701
(919) 941-5600
Form and materials
The organization's $50,000 seed grant offers early stage companies the critical funding, they need to scale faster. NC idea seed grants are awarded to innovative startups with a proven concept, even if they are not yet profitable. The funds, along with mentorship and guidance, push companies forward and reduce risk associated with growing startups. When evaluating each application, NC idea will make an assessment of the strengths and weaknesses of each applicant company in the following areas: idea, technology, team, market, competition, strategy, funding, and impact. For the seed grants, funding is done in tranches based upon completion of targeted milestones and therefore, may or may not ultimately be paid out at the full potential value of the grant award depending upon the performance of the recipient.
Deadlines
Additional details on the submission timeline can be found at: https://ncidea.org/nc-idea-seed/
Restrictions
For seed grants, NC idea's evaluation process is rigorous and competitive. Companies must meet criteria related to geography, industry, stage of development, team, market opportunity, and prior and future investment in order to be considered. Additional details regarding eligibility can be found at: https://ncidea.org/nc-idea-seed/ submission deadlines: NC idea's seed grant program has two grant cycles each year. Our spring grant cycle typically opens in mid-february, while our fall grant cycle opens sometime between mid-august and early september.
Contact
NC Idea
411 W Chapel Hill Street Suite C2
Durham, NC 27701
(919) 941-5600
Form and materials
The organization's engage grant program supports individuals and organizations by helping them offer programs, organize events, and facilitate activity that brings like-minded folks together to celebrate and promote entrepreneurship. Through NC idea engage, the organization helps entrepreneurship advocates offer programs, pilot new initiatives and organize virtual and in-person events that bring people together to support entrepreneurial activity. The organization believes that entrepreneurial ecosystems and economically strong and diverse communities go hand in hand. When evaluating each application, NC idea will make an assessment of the strengths and weaknesses of each application based on whether the activities will promote entrepreneurship in north carolina as the primary goal. Submission deadlines: NC idea's engage grant program has a rolling award date, based on submission of application, which need to be submitted no less than 60 days prior to the proposed activity.
Deadlines
Additional info on submission deadlines can be found here: https://ncidea.org/nc-idea-engage/
Restrictions
For engage grants, grantees must offer programs, organize events, and facilitate activity that brings like-minded folks together to celebrate and promote entrepreneurship in north carolina. Additional details regarding eligibility can be found at: https://ncidea.org/nc-idea-engage/ submission deadlines: NC idea's engage grant program application cycle is on an ongoing basis.
Contact
NC Idea
411 W Chapel Hill Street Suite C2
Durham, NC 27701
(919) 941-5600
Form and materials
The organization's ecosystem grant program funds organizations across the state of north carolina that execute creative programs to support entrepreneurs and strengthen north carolina as a national exemplar for entrepreneurship. When evaluating each application, NC idea will make an assessment of the strengths and weaknesses of each application based on the organization's ability and desire to execute on innovative and transformational ideas that can strengthen north carolina's entrepreneurial ecosystem. For the ecosystem grants, funding is done in tranches based upon completion of targeted milestones and therefore, may or may not ultimately be paid out at the full potential value of the grant award depending upon the performance of the recipient. Additional program details and eligibility details can be found here: https://ncidea.org/nc-idea-ecosystem/ submission deadlines: NC idea's ecosystem grant program typically has one grant review and award cycle every second year.
Deadlines
Additional details on the submission can be found at: https://ncidea.org/nc-idea-ecosystem/
Restrictions
For ecosystem grants, grantees must be either nonprofit or for-profit organizations within north carolina that primarily help people start and grow high potential firms. Additional details regarding eligibility can be found at: https://ncidea.org/nc-idea-ecosystem/ submission deadlines: NC idea's ecosystem grant program has a grant cycle approxiamtely every two years.
Contact
NC Idea
411 W Chapel Hill Street Suite C2
Durham, NC 27701
(919) 941-5600
Form and materials
The organization's mindset grant program [sometimes called the ice house grant program] funds participants in the fundamental aspects of entrepreneurial thinking while immersing them in the process that will enable them to develop entrepreneurial skills. NC idea mindset is designed to develop creativity and critical thinking, effective problem solving, teamwork and other entrepreneurial skills enabling individuals to succeed regardless of their chosen path. Through deployment of the program alongside statewide education partners, the organization wants to bring the power of entrepreneurial thinking to 100,000 north carolinians.
Deadlines
N/A
Restrictions
The organization offers mindset facilitator training to individuals from selected organizations on an occasional basis. These organizations are drawn from educational institutions (particularly community colleges), entrepreneurial support organizations, economic development organizations, libraries, cdfis, government entities or other entrepreneurially minded entities. Eligibility details regarding how to become a mindset partner can be found here: https://ncidea.org/nc-idea-mindset/

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2024

    $2,569,331

    Grants listed
    190
    Assets, end of year
    $51,637,053

  • Tax year 2023

    $1,631,746

    Grants listed
    176
    Assets, end of year
    $51,479,301

  • Tax year 2022

    $3,479,170

    Grants listed
    168
    Assets, end of year
    $52,864,812

  • Tax year 2021

    $3,566,291

    Grants listed
    207
    Assets, end of year
    $59,546,476

  • Tax year 2020

    $2,992,086

    Grants listed
    167
    Assets, end of year
    $61,717,458

  • Tax year 2019

    $1,998,705

    Grants listed
    141
    Assets, end of year
    $50,993,839

  • Tax year 2018

    $2,115,051

    Grants listed
    105
    Assets, end of year
    $53,627,716

Grants paid in 2024

190 grants, largest first

As listed on the return.

  1. Black Girl Magic MarketAngier, NC

    Ecosystem grants

    $65,000
  2. First Flight Venture CenterDurham, NC

    Ecosystem grants

    $63,360
  3. Forward CitiesDurham, NC

    Ecosystem grants

    $60,000
  4. Ab CommunityDurham, NC

    Ecosystem grants

    $51,667
  5. Matcha NudeArden, NC

    Seed grants

    $50,000
  6. WheelpriceCharlotte, NC

    Seed grants

    $50,000
  7. Atlantic Fish CoRaleigh, NC

    Seed grants

    $45,000
  8. Hoppy Planet FoodsCharlotte, NC

    Seed grants

    $45,000
  9. ProsperaCharlotte, NC

    Ecosystem grants

    $45,000
  10. SunlightCary, NC

    Seed grants

    $45,000
  11. VirnikaChapel Hill, NC

    Seed grants

    $42,502
  12. GwenCharlotte, NC

    Ecosystem grants

    $40,000
  13. Hatch Avl FoundationAsheville, NC

    Ecosystem grants

    $40,000
  14. RiotRaleigh, NC

    Ecosystem grants

    $40,000
  15. Charlotte Regional Business Alliance FoundationCharlotte, NC

    Ecosystem grants

    $35,000
  16. Industrial CommonsMorganton, NC

    Ecosystem grants

    $35,000
  17. Living Better LifeRocky Mount, NC

    Ecosystem grants

    $35,000
  18. Academic Insight LabRaleigh, NC

    Seed grants

    $35,000
  19. Redirection CDCGreenville, NC

    Ecosystem grants

    $35,000
  20. Scale SocialRaleigh, NC

    Seed grants

    $35,000
  21. Junction Business Services IncCharlotte, NC

    Ecosystem grants

    $34,000
  22. FashivityCharlotte, NC

    Seed grants

    $31,250
  23. VerenovoWilkesboro, NC

    Seed grants

    $30,000
  24. Wayne Charitable PartnershipGoldsboro, NC

    Ecosystem grants

    $30,000
  25. We Power FoodHillsborough, NC

    Ecosystem grants

    $30,000
  26. Webb SquaredPittsboro, NC

    Ecosystem grants

    $30,000
  27. Winston StartsWinston Salem, NC

    Ecosystem grants

    $30,000
  28. XR TechnologiesCharlotte, NC

    Seed grants

    $30,000
  29. Arclet LLCAsheville, NC

    Seed grants

    $26,500
  30. WeyezeGreenville, NC

    Seed grants

    $26,100
  31. Blush CoworkCary, NC

    Ecosystem grants

    $25,000
  32. FlexieCharlotte, NC

    Seed grants

    $25,000
  33. GamefloNew York, NY

    Seed grants

    $25,000
  34. GrowmetixCharlotte, NC

    Ecosystem grants

    $25,000
  35. HustleWinstonsalem, NC

    Ecosystem grants

    $25,000
  36. Mountain Bizworks IncAsheville, NC

    Ecosystem grants

    $25,000
  37. NC Central UniversityDurham, NC

    Ecosystem grants

    $25,000
  38. Provident 1898Durham, NC

    Ecosystem grants

    $25,000
  39. The Wright VillageRaleigh, NC

    Ecosystem grants

    $25,000
  40. Uncw CieWilmington, NC

    Ecosystem grants

    $25,000
  41. 3 Spark DesignHickory, NC

    Rural impact

    $20,000
  42. Active DefenderCarthage, NC

    Rural impact

    $20,000
  43. Vetoncodx LLCRaleigh, NC

    Seed grants

    $20,000
  44. City of WilsonWilson, NC

    Ecosystem grants

    $20,000
  45. Shannon AtkinsSanford, NC

    Rural impact

    $20,000
  46. Cydoc CorpDurham, NC

    Seed grants

    $20,000
  47. Ab CommunityDurham, NC

    Engage grants

    $20,000
  48. NeliSanford, NC

    Rural impact

    $20,000
  49. Asheville Area Chamber of Commerce Community Betterment FoundationAsheville, NC

    Ecosystem grants

    $20,000
  50. OsrostrumGraham, NC

    Seed grants

    $20,000
  51. PhiniteClinton, NC

    Rural impact

    $20,000
  52. Pitt Community CollegeGreenville, NC

    Ecosystem grants

    $20,000
  53. Renaissance FiberWinstonsalem, NC

    Rural impact

    $20,000
  54. StemzWinstonsalem, NC

    Rural impact

    $20,000
  55. That PitchCharlotte, NC

    Seed grants

    $20,000
  56. Central Carolina Community CollageSanford, NC

    Seed grants

    $20,000
  57. VerenovoWilkesboro, NC

    Rural impact

    $20,000
  58. Cydoc CorpDurham, NC

    Mindset grants

    $17,500
  59. KahminoRaleigh, NC

    Seed grants

    $15,100
  60. Bristles IncDurham, NC

    Seed grants

    $15,000
  61. Local Catch LLCWilmington, NC

    Rural impact

    $15,000
  62. Optimist VenturesAsheville, NC

    Ecosystem grants

    $15,000
  63. Sure LLCGreenville, NC

    Rural impact

    $15,000
  64. Marla AmplificationAsheville, NC

    Seed grants

    $13,500
  65. Boxyard RTP LLCDurham, NC

    Engage grants

    $13,500
  66. First Flight Venture CenterDurham, NC

    Engage grants

    $10,500
  67. ArgonetaDurham, NC

    Micro grants

    $10,000
  68. Array Community Development CorporationBeaufort, NC

    Engage grants

    $10,000
  69. BleanRaleigh, NC

    Micro grants

    $10,000
  70. Capwave AiNew York, NY

    Micro grants

    $10,000
  71. Carolina InstrumentsChapel Hill, NC

    Micro grants

    $10,000
  72. CircuitsaysNashville, NC

    Rural impact

    $10,000
  73. Civic Reach AiRaleigh, NC

    Micro grants

    $10,000
  74. Core AiCary, NC

    Micro grants

    $10,000
  75. ResilncGreensboro, NC

    Engage grants

    $10,000
  76. MedicporterDurham, NC

    Micro grants

    $10,000
  77. Mithrilai CorpCary, NC

    Micro grants

    $10,000
  78. Open SproutsRolesville, NC

    Micro grants

    $10,000
  79. Pump for JoyDavidson, NC

    Micro grants

    $10,000
  80. RegvueDurham, NC

    Micro grants

    $10,000
  81. Scale Social AiRaleigh, NC

    Micro grants

    $10,000
  82. Selah InnovationsRaleigh, NC

    Micro grants

    $10,000
  83. Soteria FormulationsRaleigh, NC

    Micro grants

    $10,000
  84. Spice WitchAsheville, NC

    Micro grants

    $10,000
  85. Voicir LLC DBA CircuitsaysNashville, NC

    Micro grants

    $10,000
  86. The Boost PadCharlotte, NC

    Mindset grants

    $9,915
  87. GrepbeatDurham, NC

    Engage grants

    $9,000
  88. Appalachian State UniversityBoone, NC

    Ecosystem grants

    $8,000
  89. Ukranian BazaarRaleigh, NC

    Engage grants

    $8,000
  90. AkalakaDurham, NC

    Micro grants

    $7,500
  91. AzoiaCharlotte, NC

    Micro grants

    $7,500
  92. Carehome HealthWilmington, NC

    Micro grants

    $7,500
  93. Citrus OncologyCary, NC

    Micro grants

    $7,500
  94. ClinavareGreensboro, NC

    Micro grants

    $7,500
  95. Coco FroDurham, NC

    Micro grants

    $7,500
  96. Focus CubesDurham, NC

    Micro grants

    $7,500
  97. JubileagueCharlotte, NC

    Micro grants

    $7,500
  98. Linear-DetectionCary, NC

    Micro grants

    $7,500
  99. Otter ReadingConcord, NC

    Micro grants

    $7,500
  100. TroodieWinstonsalem, NC

    Micro grants

    $7,500
  101. Tulsi CybersecurityRaleigh, NC

    Micro grants

    $7,500
  102. Ver CoachingDurham, NC

    Micro grants

    $7,500
  103. Vibra PowerRaleigh, NC

    Micro grants

    $7,500
  104. Dnali Data Technologies IncCary, NC

    Seed grants

    $5,250
  105. KC Squared LLCHuntersville, NC

    Seed grants

    $5,100
  106. Alamance Community College SBCGraham, NC

    Engage grants

    $5,000
  107. Delphia McCoyWhiteville, NC

    Engage grants

    $5,000
  108. Aspire Community CapitalCharlotte, NC

    Engage grants

    $5,000
  109. Davidson Davie CCLexington, NC

    Engage grants

    $5,000
  110. Dei Directive IncCharlotte, NC

    Seed grants

    $5,000
  111. Digi DiscoveriesRaleigh, NC

    Mindset grants

    $5,000
  112. Durham Success SummitDurham, NC

    Engage grants

    $5,000
  113. Echo SystemDurham, NC

    Engage grants

    $5,000
  114. Economic Development Partnership of North CarolinaRaleigh, NC

    Engage grants

    $5,000
  115. Equity Over EverythingMills River, NC

    Engage grants

    $5,000
  116. Flex Desk 360Henderson, NC

    Engage grants

    $5,000
  117. Genesis Block FoundationWilmington, NC

    Engage grants

    $5,000
  118. City of WilsonWilson, NC

    Engage grants

    $5,000
  119. GwenCharlotte, NC

    Engage grants

    $5,000
  120. Hispanic LeagueWinston Salem, NC

    Engage grants

    $5,000
  121. Davidson CollegeDavidson, NC

    Engage grants

    $5,000
  122. KCR ConceptsCharlotte, NC

    Mindset grants

    $5,000
  123. KeplerCharlotte, NC

    Engage grants

    $5,000
  124. Lead Girls of NCWinston Salem, NC

    Mindset grants

    $5,000
  125. Mountain Bizworks (outdoor Conf)Asheville, NC

    Engage grants

    $5,000
  126. Mountain Bizworks (food Guide)Asheville, NC

    Engage grants

    $5,000
  127. Vance County Consolidated AccountHenderson, NC

    Mindset grants

    $5,000
  128. NC Employee Ownership CenterDurham, NC

    Engage grants

    $5,000
  129. NC State Teasurer- Ncsu Eft Clearing Account Bradford B Briner State TeasurRaleigh, NC

    Engage grants

    $5,000
  130. Nccu Technology Law and Policy CenterDurham, NC

    Ecosystem grants

    $5,000
  131. NC School of Science and MathSan Francisco, CA

    Engage grants

    $5,000
  132. Raleigh Durham Startup WeekChapel Hill, NC

    Engage grants

    $5,000
  133. SBTDC1Chapel Hill, NC

    Engage grants

    $5,000
  134. SC Atkins CDCWinstonsalem, NC

    Engage grants

    $5,000
  135. SG Atkins CDCWinstonsalem, NC

    Engage grants

    $5,000
  136. The African Think TankHouston, TX

    Engage grants

    $5,000
  137. The NC FellowshipRaleigh, NC

    Engage grants

    $5,000
  138. Narkie NarteyMorrisville, NC

    Engage grants

    $5,000
  139. Tie CarolinasMorrisville, NC

    Engage grants

    $5,000
  140. Tina Bailey ConsultingBenson, NC

    Engage grants

    $5,000
  141. Trusolace CounselingCharlotte, NC

    Engage grants

    $5,000
  142. UNC PembrokePembroke, NC

    Engage grants

    $5,000
  143. Vision to VentureWinstonsalem, NC

    Engage grants

    $5,000
  144. Wilkes County Community CollegeWilkesboro, NC

    Engage grants

    $5,000
  145. Winston Salem State University FoundationWinston Salem, NC

    Engage grants

    $5,000
  146. Libree ServiciosRoanoke Rapids, NC

    Mindset grants

    $4,966
  147. National Institute for Minority Economic DebeDurham, NC

    Engage grants

    $4,225
  148. County of WarrenWarrenton, NC

    Ecosystem grants

    $4,150
  149. National Institute of Minority Economic DevDurham, NC

    Engage grants

    $4,000
  150. Redirection CDCGreenville, NC

    Mindset grants

    $3,600
  151. Innovate CharlotteCharlotte, NC

    Engage grants

    $3,500
  152. Triad Local FirstGreensboro, NC

    Engage grants

    $3,500
  153. Durham Success SummitDurham, NC

    Ecosystem grants

    $3,400
  154. Pamlico Business Resource CenterWashington, NC

    Engage grants

    $3,300
  155. Justin MinottDurham, NC

    Ecosystem grants

    $3,147
  156. Tasha WilliamsRocky Mount, NC

    Mindset grants

    $2,819
  157. Arclet LLCAsheville, NC

    Micro grants

    $2,500
  158. Artificially Digital LLCCary, NC

    Micro grants

    $2,500
  159. Blockchain PowerResearch Triangle Park, NC

    Micro grants

    $2,500
  160. Bujoy MediaCreedmoor, NC

    Engage grants

    $2,500
  161. Charlotte Mecklenburg LibraryCharlotte, NC

    Engage grants

    $2,500
  162. Copy and Post LLCSwannanoa, NC

    Micro grants

    $2,500
  163. Dexit Digital Account Services LLCCharlotte, NC

    Micro grants

    $2,500
  164. Dishefs LLCWaxhaw, NC

    Micro grants

    $2,500
  165. KahminoCary, NC

    Ecosystem grants

    $2,500
  166. Launch GreensboroGreensboro, NC

    Engage grants

    $2,500
  167. Local Catch LLCWilmington, NC

    Micro grants

    $2,500
  168. Loom 3DRaleigh, NC

    Micro grants

    $2,500
  169. MesaDavidson, NC

    Micro grants

    $2,500
  170. Neighbors for Better NeighborhoodsWinston Salem, NC

    Engage grants

    $2,500
  171. Nicelle TechnologiesRaleigh, NC

    Micro grants

    $2,500
  172. Parking Pin LLCCary, NC

    Micro grants

    $2,500
  173. PreviewedincGreensboro, NC

    Micro grants

    $2,500
  174. Purpose Learning LabDurham, NC

    Engage grants

    $2,500
  175. Razored TechnologiesConcord, NC

    Micro grants

    $2,500
  176. The Future Rich AuntiesFayetteville, NC

    Engage grants

    $2,500
  177. TheralinqllcRaleigh, NC

    Micro grants

    $2,500
  178. Vance Granville Community CollegeHenderson, NC

    Engage grants

    $2,500
  179. Varsity Bridge LLCCary, NC

    Micro grants

    $2,500
  180. Central Carolina Community College SBCSanford, NC

    Mindset grants

    $2,442
  181. V & Co Coaching & Consulting LLCChapel Hill, NC

    Engage grants

    $2,415
  182. Fayetteville Operation InasmuchFayetteville, NC

    Mindset grants

    $2,223
  183. Kate MaynardCharlotte, NC

    Engage grants

    $2,000
  184. Triangle Tech NightRaleigh, NC

    Engage grants

    $2,000
  185. Webb SquaredPittsboro, NC

    Engage grants

    $2,000
  186. Nash Community CollegeRocky Mount, NC

    Mindset grants

    $1,750
  187. Madison Consulting FirmSpring Lake, NC

    Mindset grants

    $1,600
  188. Central Carolina Community College SBCSanford, NC

    Engage grants

    $1,500
  189. STEM WestClaremont, NC

    Mindset grants

    $1,500
  190. Johnston Community College SBCSmithfield, NC

    Mindset grants

    $1,050

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Community development15 grants $374,24257% of the total
  2. Philanthropy and grantmaking5 grants $107,50016% of the total
  3. Youth development3 grants $43,6007% of the total
  4. Public affairs3 grants $42,4007% of the total
  5. Jobs and employment2 grants $40,0006% of the total
  6. Education5 grants $20,0003% of the total
  7. 3 other causes4 grants $24,0004% of the total

By State

Grants to organizations with a US address, latest year.

  1. North Carolina185 grants $2,519,331
  2. New York2 grants $35,000
  3. California2 grants $10,000
  4. Texas1 grant $5,000

Officers, directors and trustees

10 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Thomas R RuheCEO Hours 40Pay $410,265
  • Heather McWhorterBOARD MEMBER Hours 0.5Pay $0
  • David MorrisBOARD MEMBER Hours 0.5Pay $0
  • Tom SnyderBOARD MEMBER Hours 0.5Pay $0
  • Spencer DisherBOARD CHAIR Hours 0.5Pay $0
  • Sonja EbronBOARD MEMBER Hours 0.5Pay $0
  • Jerry Edmonds IIIBOARD MEMBER Hours 0.5Pay $0
  • Jose AlvarezBOARD MEMBER Hours 0.5Pay $0
  • Krista CoveyBOARD MEMBER Hours 0.5Pay $0
  • Keith LuedemanBOARD MEMBER Hours 0.5Pay $0

The return

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