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EIN 58-1903219

Carolina Small Business Development Fund

IRS 501(c) type
501(c)(3)
Num. employees
42
City
Raleigh
State
North Carolina
Year formed
1990
Most recent tax filings
2023-06-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
The Carolina Small Business Development Fund supports small businesses in North Carolina with capital, technical assistance, and policy research to foster economic development.
Also known as...
North Carolina Minority Support Center; The Support Center
Total revenues
$10,484,327
2023
Total expenses
$9,336,378
2023
Total assets
$34,372,780
2023
Num. employees
42
2023

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
Opportunity Finance Network (OFN)Finance Justice Fund Subgrant$100,000
Charities Aid Foundation of AmericaCharitable Donation$17,250
...and 4 more grants received

Personnel at Carolina Small Business Development Fund

NameTitleCompensation
Kevin DickPresident and Chief Executive Officer$205,081
John SabistonVice President and Chief Financial Officer$121,526
Meryl OlsonVice President , Chief Financial Officer
Jamie McCallVice President Policy / Vice President , Policy and Research$118,445
Lori DiazVice President , Business Solutions$113,358
...and 24 more key personnel

Financials for Carolina Small Business Development Fund

RevenuesFYE 06/2023
Total grants, contributions, etc.$7,833,944
Program services$2,667,924
Investment income and dividends$72,374
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-90,167
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$252
Total revenues$10,484,327

Form 990s for Carolina Small Business Development Fund

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-13990View PDF
2021-062022-07-19990View PDF
2020-062021-05-26990View PDF
2019-062020-10-15990View PDF
...and 10 more Form 990s

Organizations like Carolina Small Business Development Fund

OrganizationLocationRevenue
Accion Opportunity Fund Community DevelopmentSan Jose, CA$50,501,448
Bridgeway CapitalPittsburgh, PA$17,987,424
Entrepreneur FundDuluth, MN$12,753,094
Access To Capital for EntrepreneursCleveland, GA$26,987,407
CDC Small Business Finance CorporationSan Diego, CA$27,607,207
Prince George's Financial Services CorporationLargo, MD$3,279,015
Innovation Works (IW)Pittsburgh, PA$15,798,085
Ben Franklin Technology Partners NE PABethlehem, PA$9,432,353
DreamspringAlbuquerque, NM$14,674,824
Initiative FoundationLittle Falls, MN$10,031,903
Data update history
November 29, 2024
Updated personnel
Identified 11 new personnel
November 26, 2024
Received grants
Identified 1 new grant, including a grant for $100,000 from Opportunity Finance Network (OFN)
August 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 1, 2024
Updated personnel
Identified 3 new personnel
May 19, 2024
Received grants
Identified 3 new grant, including a grant for $17,250 from Charities Aid Foundation of America
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Business and industry
Characteristics
Political advocacyLobbyingFundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online 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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