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EIN 56-1872877

Piedmont Business Capital

IRS 501(c) type
501(c)(3)
Num. employees
10
City
Greensboro
State
North Carolina
Year formed
1993
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
Piedmont Business Capital generates economic growth, encourages small business development, creates jobs, and revitalizes neighborhoods by providing loans and financial services to underserved businesses. PBC offers a variety of services under its main lending program, specifically providing loans to Minority and Women owned businesses throughout the Piedmont region, with the majority of loans received by borrowers living in Guilford and Forsythe counties.
Also known as...
Greensboro Community Development Fund; Greensboro Venture Capital Fund
Total revenues
$2,396,117
2023
Total expenses
$784,881
2023
Total assets
$4,469,257
2023
Num. employees
10
2023

Program areas at Piedmont Business Capital

Piedmont Business Capital PBC has many services under its main lending program. PBC provided loans to minority and women owned business throughout the Piedmont region with the mayority of loans received by borrowers living in Guilford and Forsyth counties in North Carolina. PBC issued several loans to business in 2023. In addition to business lending, PBC provided technical assistance to members of the community, who may or may not be borrowers. PBC assistance programs provide guidance to business owners to improve operations of theirs business.

Who funds Piedmont Business Capital

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Z. Smith Reynolds Foundation (ZSR)Renewal - for General Operating Support$70,000
NC IdeaEcosystem Grants$25,000
The Winston-Salem Foundation1 Grant(s) for Varying Purposes$25,000
...and 1 more grant received

Personnel at Piedmont Business Capital

NameTitleCompensation
Cathy KnowlesVice President Development and Donor Engagement
Michael McKinneyExecutive Director
Rudolph H. ClarkInterim Executive Director$0
Hanif OmarDirector of Commercial
Robyn FarringtonExecutive Administrator and Office Manager
...and 10 more key personnel

Financials for Piedmont Business Capital

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,372,138
Program services$0
Investment income and dividends$23,979
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$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,396,117

Form 990s for Piedmont Business Capital

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-17990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122020-08-11990View PDF
...and 9 more Form 990s
Data update history
October 19, 2024
Received grants
Identified 1 new grant, including a grant for $70,000 from Z. Smith Reynolds Foundation (ZSR)
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $25,000 from NC Idea
May 17, 2024
Updated personnel
Identified 3 new personnel
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 1 new personnel
Nonprofit Types
Business and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
1451 S Elm Eugene St Ste 2121
Greensboro, NC 27406
Metro area
Greensboro-High Point, NC
County
Guilford County, NC
Phone
(336) 256-9350
IRS details
EIN
56-1872877
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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