Civic Intelligence

Carolina Business Capital Inc

EIN 58-1480391 • 501(c)3 • Charlotte, NC

View Organization Page

Profile

Cbc is a nonprofit, non-stock corporation whose purpose is to promote economic growth and development of small businesses in north carolina through the origination and servicing of sba loans.

1307 W Morehead St Ste 201Charlotte, NC 28208

www.cbc504.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.04x

Higher debt load relative to assets than 25% of similar nonprofits.

NTEE S • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.20x

Higher debt load relative to revenue than 36% of similar nonprofits.

NTEE S • $5M-$10M nonprofits • Source year 2024

Net Margin

56th percentile

10%

Higher net margin than 56% of similar nonprofits.

NTEE S • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$196,943

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

NTEE S • $5M-$10M nonprofits • Source year 2024

Asset Growth

74th percentile

21%

Faster asset growth than 74% of similar nonprofits.

NTEE S • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

58%

Faster revenue growth than 80% of similar nonprofits.

NTEE S • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$4,500,678

Up $335,775 (+8.1%) from 2022

Liabilities

Down

$102,155

Down $37,692 (-27%) from 2022

Net Assets

Up

$4,398,523

Up $373,467 (+9.3%) from 2022

Operations
Liabilities / Revenue36th percentileNet Margin56th percentile

Revenue

Down

$647,224

Down $44,523 (-6.4%) from 2022

Expenses

Up

$754,757

Up $204,503 (+37%) from 2022

Net Income

Down

-$107,533

Down $249,026 (-176%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth74th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $4,265,851Liabilities 2011: $707,466Net Assets 2011: $3,558,3852011Assets 2012: $4,124,156Liabilities 2012: $398,814Net Assets 2012: $3,725,3422012Assets 2013: $3,858,058Liabilities 2013: $107,453Net Assets 2013: $3,750,6052013Assets 2014: $4,153,446Liabilities 2014: $140,719Net Assets 2014: $4,012,7272014Assets 2015: $3,864,412Liabilities 2015: $119,743Net Assets 2015: $3,744,6692015Assets 2016: $3,904,092Liabilities 2016: $131,073Net Assets 2016: $3,773,0192016Assets 2017: $4,121,899Liabilities 2017: $132,606Net Assets 2017: $3,989,2932017Assets 2018: $4,275,375Liabilities 2018: $220,232Net Assets 2018: $4,055,1432018Assets 2019: $4,246,363Liabilities 2019: $234,846Net Assets 2019: $4,011,5172019Assets 2020: $4,483,403Liabilities 2020: $279,635Net Assets 2020: $4,203,7682020Assets 2021: $4,850,078Liabilities 2021: $198,604Net Assets 2021: $4,651,4742021Assets 2022: $4,164,903Liabilities 2022: $139,847Net Assets 2022: $4,025,0562022Assets 2023: $4,500,678Liabilities 2023: $102,155Net Assets 2023: $4,398,5232023

Highlighted filing

2023

Assets$4,500,678
Liabilities$102,155
Net Assets$4,398,523
Open 2023 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $517,930Expenses 2011: $348,749Net Income 2011: $169,1812011Revenue 2012: $483,668Expenses 2012: $334,984Net Income 2012: $148,6842012Revenue 2013: $487,145Expenses 2013: $458,713Net Income 2013: $28,4322013Revenue 2014: $589,932Expenses 2014: $402,755Net Income 2014: $187,1772014Revenue 2015: $372,656Expenses 2015: $462,154Net Income 2015: -$89,4982015Revenue 2016: $447,424Expenses 2016: $536,317Net Income 2016: -$88,8932016Revenue 2017: $508,454Expenses 2017: $583,849Net Income 2017: -$75,3952017Revenue 2018: $673,105Expenses 2018: $647,545Net Income 2018: $25,5602018Revenue 2019: $700,951Expenses 2019: $645,077Net Income 2019: $55,8742019Revenue 2020: $950,472Expenses 2020: $579,118Net Income 2020: $371,3542020Revenue 2021: $599,489Expenses 2021: $506,833Net Income 2021: $92,6562021Revenue 2022: $691,747Expenses 2022: $550,254Net Income 2022: $141,4932022Revenue 2023: $647,224Expenses 2023: $754,757Net Income 2023: -$107,5332023

Highlighted filing

2023

Revenue$647,224
Expenses$754,757
Net Income-$107,533
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$4,500,678
Liabilities
$102,155
Net assets
$4,398,523
Revenue
$647,224
Expenses
$754,757
Net income
-$107,533
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$4.50$0.10$4.40$0.65$0.75$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$0.14$4.03$0.69$0.55$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.85$0.20$4.65$0.60$0.51$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.48$0.28$4.20$0.95$0.58$0.37
2019Summary only. Only limited summary data is available for this year.$4.25$0.23$4.01$0.70$0.65$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.28$0.22$4.06$0.67$0.65$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.12$0.13$3.99$0.51$0.58$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.90$0.13$3.77$0.45$0.54$0.09
2015Summary only. Only limited summary data is available for this year.$3.86$0.12$3.74$0.37$0.46$0.09
2014Summary only. Only limited summary data is available for this year.$4.15$0.14$4.01$0.59$0.40$0.19
2013Summary only. Only limited summary data is available for this year.$3.86$0.11$3.75$0.49$0.46$0.03
2012Summary only. Only limited summary data is available for this year.$4.12$0.40$3.73$0.48$0.33$0.15
2011Summary only. Only limited summary data is available for this year.$4.27$0.71$3.56$0.52$0.35$0.17
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 10, 2023
Return Version
2021v4.2
Gross Receipts
$1,829,845
Mission and Program Overview

Mission

Cbc is a nonprofit, non-stock corporation whose purpose is to promote economic growth and development of small businesses in north carolina through the origination and servicing of sba loans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,482,461$2,791,157▼ $691,304
Other Notes and Loans Receivable, Net$506,233$416,343▼ $89,890
Land, Buildings, and Equipment, Net$320,270$316,010▼ $4,260
Savings and Temporary Cash Investments$246,826$296,320▲ $49,494
Accounts Receivable$247,882$222,406▼ $25,476
Cash and Non-Interest-Bearing Accounts$42,861$113,337▲ $70,476
Prepaid Expenses and Deferred Charges$3,545$9,330▲ $5,785
Total Assets$4,850,078$4,164,903▼ $685,175
Liabilities
Other Liabilities$175,167$116,707▼ $58,460
Accounts Payable and Accrued Expenses$23,437$23,140▼ $297
Total Liabilities$198,604$139,847▼ $58,757
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,651,474$4,025,056▼ $626,418
Total Net Assets Fund Balance$4,651,474$4,025,056▼ $626,418
Total Liabilities and Net Assets / Fund Balance$4,850,078$4,164,903▼ $685,175

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$191,029$81,058$272,087
Land$120,830-$120,830
Equipment$4,151$28,050$32,201
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Eric L DixonPresidentFT$140,000$140,000

Board Members and Trustees

NameTitle
Joe JacksonChairman
Adam StewartDirector
Ben SharpeDirector
Dan BoydDirector
Doug SutherlandDirector
Eric SowersDirector
Jimmy MolinaDirector
Richard PappasDirector
Richard RobertsonDirector
Rob ShellDirector
Rusty PriceDirector
Tim CarswellSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$573,851
Investment Income
$117,896
Other Revenue
$0
Change in Net Assets
$141,493

Audited Revenue Reconciliation

Revenue per Audited Statements
$691,747
Revenue Not Reported on Form 990
$-762,247
Total Revenue per Audited Statements
$-70,500
Total Revenue per Form 990
$691,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$301,705
Other Expenses$247,334
Grants and Similar Amounts Paid$1,215
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$119,900$20,100-$140,000
Fees for Services Other$124,850--$124,850
Other Salaries and Wages$102,749--$102,749
Other Employee Benefits$25,200$4,356-$29,556
Fees for Service Investment Mgmnt Fees$21,621--$21,621
Fees for Services Accounting$11,471$9,202-$20,673
Payroll Taxes$16,338$1,600-$17,938
Information Technology$15,931--$15,931
Occupancy$15,820--$15,820
Conferences and Meetings$13,548--$13,548
Pension Plan Contributions$11,462--$11,462
Insurance$7,565--$7,565
Depreciation Depletion$7,534--$7,534
Office Expenses$7,485--$7,485
Other Expenses$3,732--$3,732
All Other Expenses$2,680--$2,680
Grants to Domestic Orgs$1,215--$1,215
Total Functional Expenses$514,996$35,258$0$550,254

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$555,918
Expenses per Audited Statements$550,254
Total Expenses per Form 990$550,254
Expenses Not Reported on Form 990$5,664
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$116,707
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Governing body decisions Part VI line 7B

“Key management decisions are subject to approval by the board of directors”

Form 990 governing body review Part VI line 11

“Form 990 is reviewed by the executive director.”

Governing documents etc available to public Part VI line 19

“Certain information is made available to the public in an electronic pdf file, upon a valid request which is reviewed and approved by the board of directors.”

Filing and Contact Details

Filer

Filer Name
Carolina Business Capital Inc
EIN
58-1480391
Address
1307 W MOREHEAD ST STE 201, CHARLOTTE, NC 28208

Signing Officer

Name
Eric L Dixon
Title
President
Phone
7043731233
Signed
2023-08-10
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
3

Preparer

Firm
Edward P Cooper CPA Pc
Address
PO BOX 470741, CHARLOTTE, NC 28247
Preparer
Edward P Cooper CPA
Phone
7043412097
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“BAD DEBT EXPENSE $5,664”

List of other fees for services expenses Part IX line 11G

“Outside services $120,360retirement plan svcs 3,027payroll services 1,463 total $124,850”

Raw XML AppendixShowing 400 of 477 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0CBC IS A NONPROFIT, NON-STOCK CORPORATION WHOSE PURPOSE IS TO PROMOTE ECONOMIC GROWTH AND DEVELOPMENT OF SMALL BUSINESSES IN NORTH CAROLINA THROUGH THE ORIGINATION AND SERVICING OF SBA LOANS.
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
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IRS990/ProgramServiceRevenueGrp/Desc3SBA 7A LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt145395
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2117850
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt322480
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt437217
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0573851
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0564155
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0120830
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0316010
IRS990ScheduleD/TotalExpensesPerForm990Amt0550254
IRS990ScheduleD/TotalLiabilityAmt0116707
IRS990ScheduleD/TotalRevenuePerForm990Amt0691747
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0555918
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KEY MANAGEMENT DECISIONS ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN INFORMATION IS MADE AVAILABLE TO THE PUBLIC IN AN ELECTRONIC PDF FILE, UPON A VALID REQUEST WHICH IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BAD DEBT EXPENSE $5,664
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUTSIDE SERVICES $120,360RETIREMENT PLAN SVCS 3,027PAYROLL SERVICES 1,463 TOTAL $124,850
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

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