Program areas at Carolina Community Impact
During fy 2022, cci originated more than $4.87 million in loans to small businesses that were financially devastated by the covid-19 pandemic, using lead funding from the state of north Carolina's rapid response program (rrp). We used our participation in north Carolina's rrp to catalyze cci's transformation from a regional cdfi into a statewide lender.we also recognized the necessity of providing minority entrepreneurs and small business owners with another source of loans at a 0% interest rate as well as extensive technical assistance services, to help strengthen their firm in the aftermath of covid-19.of the 93 small business loans that we originated in fy 2022, 55 (or 59%) were provided to minority-owned or controlled firms. However, the dollar amount of these originations totaled $1.15 million or 23% of cci's small business loans in fy 2022, which was $4,936,550.
Who funds Carolina Community Impact
Grants from foundations and other nonprofits
Personnel at Carolina Community Impact
| Name | Title | Compensation | Date of data |
|---|
| Michael Croxson | President and Chief Executive Officer | $0 | 2022-06-30 |
| Joe Battle | Program Director - Business Services | | 2023-11-24 |
| Diane Lantz | Portfolio and Business Services Manager | | 2023-11-24 |
| Frank del Villar | Capital Access Manager | | 2023-11-24 |
| Alexis Nelson | Board Chairman | $0 | 2023-11-24 |
| ...and 2 more key personnel |
Financials for Carolina Community Impact
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $1,225,476 | $954,000 | 28.5% |
| Program services | $122,870 | $73,189 | 67.9% |
| Investment income and dividends | $120,629 | $33,333 | 261.9% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $433 | $3,118 | -86.1% |
| Total revenues | $1,469,408 | $1,063,640 | 38.1% |
Organizations like Carolina Community Impact
| Organization | Type | Location | Revenue |
|---|
| ECDC Enterprise Development Group | 501(c)(3) | Arlington, VA | $3,099,812 |
| Johnstown Area Regional Industries | 501(c)(3) | Johnstown, PA | $1,565,309 |
| First Community Capital | 501(c)(3) | Riverside, CA | $509,354 |
| Entrepreneur Works Fund | 501(c)(3) | Philadelphia, PA | $607,752 |
| Access Plus Capital | 501(c)(3) | Fresno, CA | $3,653,075 |
| Partners For Self Employment | 501(c)(3) | Miami, FL | $2,388,147 |
| Brooklyn Alliance Capital | 501(c)(3) | Brooklyn, NY | $436,355 |
| The Urban Empowerment Fund (UEF) | 501(c)(3) | New York, NY | $463,039 |
| Iowa Foundation for Microenterprise and Community Vitality | 501(c)(3) | Boone, IA | $390,995 |
| Women's Economic Ventures | 501(c)(3) | Santa Barbara, CA | $3,113,690 |
Data update history
December 23, 2023
Received grants
Identified 1 new grant, including a grant for $184,300 from Dogwood Health Trust November 24, 2023
Updated personnel
Identified 8 new personnel
August 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsChapter / child organizationsCharities
Issues
Human servicesBusiness and industry
Characteristics
Tax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 3724 National Dr Suite 220
- Raleigh, NC 27612
- Metro area
- Raleigh-Cary, NC
- County
- Wake County, NC
- Website URL
- ccifund.org/Â
- Phone
- (919) 861-5324
IRS details
- EIN
- 82-3990062
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 2018
- 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
- Subordinate organization
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