EIN 57-0707663

CLIMB Fund

IRS 501(c) type
501(c)(3)
Num. employees
21
Year formed
1979
Most recent tax filings
2022-09-01
Description
The CLIMB Fund's mission is to further economic development by promoting and assisting in the growth and development of business concerns. The organization provides pre-loan counseling and post-loan developmental services to its borrowers. It offers a range of lending programs including business builder loans, SBA Microloan Program, small business loan program, real estate loans, line of credit, and Quick Recovery Loan programs to meet most needs.
Also known as...
Charleston Citywide Local Development Corporation; Charleston LDC; Charleston LDC
Total revenues
$3,082,260
2022
Total expenses
$1,767,939
2022
Total assets
$29,703,235
2022
Num. employees
21
2022

Program areas at CLIMB Fund

Lending ProgramsBusiness builder loans, SBA Microloan Program, small business loan program, real estate loans, line of credit, and Quick Recovery Loan programs provide funding to eligible businesses within the organization's service area to meet most needs that those businesses may have. although the Fund does not compete with the commercial lenders, it works in collaboration with the local banks and all small business resources in the community.
Technical Assistance ProgramTechnical Assistance ProgramCoupled with its loan products, the organization provides both pre-loan counseling to prospective applicants and intensive post-loan developmental services to its borrowers. Such assistance occurs in various forums: one-on-one counseling, group sessions, workshops, seminars, classes, exhibitions, and site visits. Many of the group sessions are conducted in collaboration with local community resources such as SBDC, SCORE, or the SBA, just to name a few. Throughout the year, the Organization provided over 1,700 entrepreneurs some level of technical assistance at more than 130 seminars, workshops, or networking events.The organization views its one-on-one technical assistance as critical to providing a foundation for success and offers such assistance through several vehicles of delivery to include consultant team, staff, and its community resources. The consultant team allows the Organization to provide specialized training by offering bookkeeping and QuickBooks training and business counseling through its site visit program. During the year, 248 businesses have received almost 4,000 hours of specialized training.

Who funds CLIMB Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
South Carolina Association for Community Economic DevelopmentAllowing Them To Provide Training, Technical Assistance and Financing To Minority, Veteran and Women Owned Businesses Throughout SC$125,000
Opportunity Finance Network (OFN)Ofn Cdfi Tech Grant Program Supported By Google.org$100,000

Personnel at CLIMB Fund

NameTitleCompensation
Cindi RourkChief Executive Officer$76,905
Sam SkardonDirector of Development and Operations
Dwayne JubarDirector of Finance / Financial Director / Financial Services Director$85,616
Charlie O'BrienDirector of Client Experience and Success
Bruno KretzschmarPortfolio and Operations Manager
...and 14 more key personnel

Financials for CLIMB Fund

RevenuesFYE 09/2022
Total grants, contributions, etc.$2,497,425
Program services$1,080,729
Investment income and dividends$177,871
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-673,765
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,082,260

Form 990s for CLIMB Fund

Fiscal year endingDate received by IRSFormPDF link
2021-092022-03-09990View PDF
2021-092022-03-03990View PDF
2020-092021-05-25990View PDF
2019-092020-10-13990View PDF
2018-092019-04-22990OView PDF
...and 8 more Form 990s
Data update history
September 2, 2023
Updated personnel
Identified 2 new personnel
June 8, 2023
Updated personnel
Identified 1 new personnel
March 1, 2023
Updated personnel
Identified 1 new personnel
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Business and community development organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
2 Race St
Charleston, SC 29403
Metro area
Charleston-North Charleston, SC
County
Charleston County, SC
Website URL
climbfund.org/ 
Phone
(843) 973-7298
IRS details
EIN
57-0707663
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1979
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
Independent
Free account sign-up

Want updates when CLIMB Fund has new information, or want to find more organizations like CLIMB Fund?

Create free Cause IQ account