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EIN 58-1903219

Carolina Small Business Development Fund

IRS 501(c) type
501(c)(3)
Num. employees
34
City
Raleigh
State
North Carolina
Year formed
1990
Most recent tax filings
2022-06-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
The Carolina Small Business Development Fund fosters economic development in underserved communities by providing capital, business services, and policy research to support small businesses. Functioning as a certified community development financial institution, the organization launched its Small Business revolving loan Fund program in 2010, with a focus on underserved communities and populations that fi.
Also known as...
North Carolina Minority Support Center; The Support Center
Total revenues
$6,416,650
2022
Total expenses
$6,271,251
2022
Total assets
$42,816,299
2022
Num. employees
34
2022

Program areas at Carolina Small Business Development Fund

Carolina Small Business Development Fund is a certified community Development financial institution (cdfi). In 2010, the organization launched its Small Business revolving loan Fund program (sbrlf), targeting underserved communities and populations that find it difficult to access capital. The organization also provides financial training and technical assistance to start-ups and existing businesses and lending services to community-based organizations.

Who funds Carolina Small Business Development Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Dogwood Health TrustThis Grant Will Support Carolina Small Business Development Fund Strengthen the Western Womens Business Center and Programa Empresarial Latino.$168,000
Appalachian Community Capital Development FoundationBusiness Development in Appalachia$75,000
Charities Aid Foundation of AmericaCharitable Donation$17,250
...and 3 more grants received

Personnel at Carolina Small Business Development Fund

NameTitleCompensation
Kevin DickPresident and Chief Executive Officer$144,188
John SabistonVice President and Chief Financial Officer$10,050
Jamie McCallVice President , Policy and Research
Lori DiazVice President , Business Solutions / Special Initiatives Manager and Compliance Officer
Reggie JonesDirector, Business Solutions
...and 26 more key personnel

Financials for Carolina Small Business Development Fund

RevenuesFYE 06/2022
Total grants, contributions, etc.$4,106,772
Program services$2,243,745
Investment income and dividends$10,887
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$55,176
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$70
Total revenues$6,416,650

Form 990s for Carolina Small Business Development Fund

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-13990View PDF
2021-062022-07-19990View PDF
2020-062021-05-26990View PDF
2019-062020-10-15990View PDF
2018-062019-07-23990View PDF
...and 9 more Form 990s

Organizations like Carolina Small Business Development Fund

OrganizationLocationRevenue
WBDMadison, WI$9,133,880
Bridgeway CapitalPittsburgh, PA$17,987,424
First American Capital CorporationHales Corners, WI$2,568,889
CDC Small Business Finance CorporationSan Diego, CA$26,865,626
Northern Economic Initiatives CorporationMarquette, MI$3,668,012
Access Plus CapitalFresno, CA$3,653,075
Entrepreneur FundDuluth, MN$13,045,758
Coastal Enterprises (CEI)Brunswick, ME$13,614,519
I2eOklahoma City, OK$9,581,488
Florida Community Loan Fund (FCLF)Orlando, FL$9,380,993
Data update history
April 19, 2024
Used new vendors
Identified 1 new vendor, including
December 23, 2023
Received grants
Identified 1 new grant, including a grant for $168,000 from Dogwood Health Trust
October 24, 2023
Received grants
Identified 4 new grant, including a grant for $75,000 from Appalachian Community Capital Development Foundation
July 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 14 new personnel
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementBusiness and industry
Characteristics
Political advocacyLobbyingFundraising eventsState / local levelReceives government fundingTax deductible donations
General information
Address
3128 Highwoods Blvd Suite 170
Raleigh, NC 27604
Metro area
Raleigh-Cary, NC
County
Wake County, NC
Website URL
carolinasmallbusiness.org/ 
Phone
(919) 803-1437
Facebook page
the-support-center 
Twitter profile
@supportcenternc 
IRS details
EIN
58-1903219
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1990
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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