Civic Intelligence

Carolina Small Business Development

EIN 58-1903219 • 501(c)3 • Raleigh, NC

Profile

Our mission is to foster economic development in underserved communities by providing capital, business services, and policy research to support small businesses.

3128 Highwoods Blvd Suite 170Raleigh, NC 27604

www.thesupportcenter-nc.org

Siviq Scores

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

Liabilities / Assets

77th percentile

0.57x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

90th percentile

2.80x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

51st percentile

4.6%

Higher net margin than 51% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

43rd percentile

$233,665

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

57th percentile

7.1%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

29th percentile

-1.3%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$39,156,291

Up $2,603,401 (+7.1%) from 2024

Liabilities

Up

$22,126,442

Up $2,237,984 (+11%) from 2024

Net Assets

Up

$17,029,849

Up $365,417 (+2.2%) from 2024

Revenue

Down

$7,889,556

Down $104,433 (-1.3%) from 2024

Expenses

Up

$7,524,139

Up $584,866 (+8.4%) from 2024

Net Income

Down

$365,417

Down $689,299 (-65%) from 2024

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $10,023,542Liabilities 2011: $1,523,235Net Assets 2011: $8,500,3072011Assets 2012: $12,411,755Liabilities 2012: $3,386,918Net Assets 2012: $9,024,8372012Assets 2013: $14,198,461Liabilities 2013: $4,355,747Net Assets 2013: $9,842,7142013Assets 2014: $16,935,894Liabilities 2014: $4,581,395Net Assets 2014: $12,354,4992014Assets 2015: $20,879,394Liabilities 2015: $8,188,249Net Assets 2015: $12,691,1452015Assets 2016: $29,790,758Liabilities 2016: $16,426,397Net Assets 2016: $13,364,3612016Assets 2017: $32,985,626Liabilities 2017: $18,820,473Net Assets 2017: $14,165,1532017Assets 2018: $38,007,117Liabilities 2018: $24,054,747Net Assets 2018: $13,952,3702018Assets 2019: $40,644,527Liabilities 2019: $25,876,194Net Assets 2019: $14,768,3332019Assets 2020: $42,296,968Liabilities 2020: $28,793,978Net Assets 2020: $13,502,9902020Assets 2021: $38,671,185Liabilities 2021: $24,354,817Net Assets 2021: $14,316,3682021Assets 2022: $42,816,299Liabilities 2022: $28,354,532Net Assets 2022: $14,461,7672022Assets 2023: $34,372,780Liabilities 2023: $18,763,064Net Assets 2023: $15,609,7162023Assets 2024: $36,552,890Liabilities 2024: $19,888,458Net Assets 2024: $16,664,4322024Assets 2025: $39,156,291Liabilities 2025: $22,126,442Net Assets 2025: $17,029,8492025

Highlighted filing

2025

Assets$39,156,291
Liabilities$22,126,442
Net Assets$17,029,849

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,207,672Expenses 2011: $3,341,394Net Income 2011: $866,2782011Revenue 2012: $3,384,033Expenses 2012: $2,859,503Net Income 2012: $524,5302012Expenses 2013: $3,532,5362013Revenue 2014: $5,052,206Expenses 2014: $2,540,421Net Income 2014: $2,511,7852014Revenue 2015: $2,591,674Expenses 2015: $2,255,028Net Income 2015: $336,6462015Revenue 2016: $5,109,835Expenses 2016: $4,436,619Net Income 2016: $673,2162016Revenue 2017: $7,173,700Expenses 2017: $6,372,908Net Income 2017: $800,7922017Revenue 2018: $6,835,372Expenses 2018: $7,048,155Net Income 2018: -$212,7832018Revenue 2019: $8,969,393Expenses 2019: $8,153,430Net Income 2019: $815,9632019Revenue 2020: $5,600,963Expenses 2020: $6,866,306Net Income 2020: -$1,265,3432020Revenue 2021: $7,982,393Expenses 2021: $7,169,015Net Income 2021: $813,3782021Revenue 2022: $6,416,650Expenses 2022: $6,271,251Net Income 2022: $145,3992022Revenue 2023: $10,484,327Expenses 2023: $9,336,378Net Income 2023: $1,147,9492023Revenue 2024: $7,993,989Expenses 2024: $6,939,273Net Income 2024: $1,054,7162024Revenue 2025: $7,889,556Expenses 2025: $7,524,139Net Income 2025: $365,4172025

Highlighted filing

2025

Revenue$7,889,556
Expenses$7,524,139
Net Income$365,417

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.2$22.1$17.0$7.89$7.52$0.37
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.6$19.9$16.7$7.99$6.94$1.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.4$18.8$15.6$10.5$9.34$1.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.8$28.4$14.5$6.42$6.27$0.15
2021Detailed filing. Detailed filing data is available for this year.$38.7$24.4$14.3$7.98$7.17$0.81
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.3$28.8$13.5$5.60$6.87$1.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.6$25.9$14.8$8.97$8.15$0.82
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.0$24.1$14.0$6.84$7.05$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.0$18.8$14.2$7.17$6.37$0.80
2016Summary only. Only limited summary data is available for this year.$29.8$16.4$13.4$5.11$4.44$0.67
2015Detailed filing. Detailed filing data is available for this year.$20.9$8.19$12.7$2.59$2.26$0.34
2014Detailed filing. Detailed filing data is available for this year.$16.9$4.58$12.4$5.05$2.54$2.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$4.36$9.84$3.53
2012Summary only. Only limited summary data is available for this year.$12.4$3.39$9.02$3.38$2.86$0.52
2011Summary only. Only limited summary data is available for this year.$10.0$1.52$8.50$4.21$3.34$0.87
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2024 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2014
Return Version
2023v6.0
Gross Receipts
$8,037,388
Mission and Program Overview

Mission

Our mission is to foster economic development in underserved communities by providing capital, business services, and policy research to support small businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$25,783,353$25,305,986▼ $477,367
Cash and Non-Interest-Bearing Accounts$4,215,345$5,870,293▲ $1,654,948
Savings and Temporary Cash Investments$1,044,908$2,679,474▲ $1,634,566
Other Notes and Loans Receivable, Net$1,965,940$1,877,898▼ $88,042
Land, Buildings, and Equipment, Net$739,887$603,988▼ $135,899
Pledges and Grants Receivable$550,829$149,718▼ $401,111
Prepaid Expenses and Deferred Charges$72,518$65,533▼ $6,985
Total Assets$34,372,780$36,552,890▲ $2,180,110
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,735,476$17,285,333▲ $549,857
Escrow Account Liability$782,137$1,270,935▲ $488,798
Other Liabilities$751,351$613,540▼ $137,811
Deferred Revenue$226,317$393,812▲ $167,495
Accounts Payable and Accrued Expenses$267,783$324,838▲ $57,055
Total Liabilities$18,763,064$19,888,458▲ $1,125,394
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,252,088$15,289,601▲ $1,037,513
Net Assets With Donor Restrictions$1,357,628$1,374,831▲ $17,203
Total Net Assets Fund Balance$15,609,716$16,664,432▲ $1,054,716
Total Liabilities and Net Assets / Fund Balance$34,372,780$36,552,890▲ $2,180,110

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$595,191$285,555$880,746
Equipment$8,797$296,543$305,340
Investment Program Related Org$-1,888,728--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin DickPresident &FT$212,031$21,470$233,501
Kevin DickPresident & CEO-$185,031$48,470$233,501
Mark RoysterChief CreditFT$135,782$17,553$153,335
Mark RoysterChief Credit Officer-$135,782$17,553$153,335
John SabistonCFOFT$124,412$17,602$142,014
Lori DiazVP BusinessFT$113,982$16,067$130,049
Brent AllisonLoan PortfolFT$103,323$6,060$109,383
Reginold JonesBusiness SolFT$103,323$6,060$109,383
Meryl OlsonCFO-$96,404-$96,404

Board Members and Trustees

NameTitle
Ted ArcherBoard Chair
Huntley GarriottChair/former
Rodrick BanksAssit Board
Aaron ThomasBoard Asst S
Tiffany Hall McneilBoard Secret
Bobby RobinsonBoard Vice C
Brian HedgesDirector
Dr Joseph FoxDirector
Frank PollockDirector
Jeff MarshallDirector
Larry GarciaDirector
Leslie PersonDirector
Merrill FloodDirector
Pilar Rocha-goldbergDirector
Raymond ChinnDirector
Robyn Lake HamiltonDirector
Sedrick MccallumDirector
Stephen DilleDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Vann AttorneysLegal Services1720 HILLSBOROUGH ST, Raleigh, NC 27605$113,261
Revenue and Support

Revenue Composition

Contributions and Grants
$5,822,109
Program Service Revenue
$2,059,446
Investment Income
$151,673
Other Revenue
$-39,239
All Other Contributions
$666,021
Change in Net Assets
$1,054,716

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,993,989
Revenue Not Reported on Form 990
$51,072
Total Revenue per Audited Statements
$8,045,061
Total Revenue per Form 990
$7,993,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,648,429
Other Expenses$3,265,936
Grants and Similar Amounts Paid$24,908
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,891,244$444,544-$2,335,788
Current Officers, Directors, Trustees, and Key Employees$324,269$348,120-$672,389
Fees for Services Other$359,916$149,469-$509,385
Interest$376,512--$376,512
Other Employee Benefits$198,362$70,970-$269,332
Payroll Taxes$180,011$64,404-$244,415
Fees for Services Legal$184,653$52,082-$236,735
Occupancy$159,611$45,019-$204,630
Fees for Services Lobbying$170,021--$170,021
Information Technology$128,554$26,330-$154,884
Pension Plan Contributions$93,171$33,334-$126,505
Fees for Services Accounting$96,884$27,326-$124,210
Travel$76,865$21,680-$98,545
Office Expenses$53,933$14,369-$68,302
Other Expenses$55,990$12,466-$55,990
All Other Expenses$44,441$7,453-$51,894
Insurance$37,844$10,674-$48,518
Advertising$35,595$8,899-$44,494
Conferences and Meetings$30,572$8,753-$39,325
Grants to Domestic Orgs$24,908--$24,908
Total Functional Expenses$5,571,807$1,367,466$0$6,939,273

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,990,345
Expenses per Audited Statements$6,939,273
Total Expenses per Form 990$6,939,273
Expenses Not Reported on Form 990$51,072
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$43,399
Fundraising Gross Income$3,984
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hispanic Herita$20,000-$1,435-
Wwbc Conference$36,047$3,984$29,823$-25,839
Total Events$71,047$3,984$43,399$-39,415
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$613,540
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the ceo, cfo and the finance committee chair and is provided to finance committee members for review prior to its filing.

Form 990, Page 6, Part VI, Line 12C

Board members are required to disclose conflicts of interest. This policy is monitored on an annual basis and documented in the minutes.

Form 990, Page 6, Part VI, Line 15A

Compensation is reviewed by the executive committee and comparables are considered among like agencies and other nonprofit entities. Each year a performance appraisal is done and any increase in salary is recommended by the executive committee and approved by the board.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available upon request to the organization's office.

Filing and Contact Details

Filer

Filer Name
Carolina Small Business Development
EIN
58-1903219
Phone
9198031437
Address
3128 HIGHWOODS BLVD SUITE 170, RALEIGH, NC 27604

Signing Officer

Name
Kevin Dick
Title
President & CEO
Phone
9195301683
Signed
2014-05-13

Organization Details

Principal Officer
Kevin Dick
Formed
1990
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
45
Volunteers
18

Preparer

Firm
Romeo Wiggins & Company Llp
Address
110 IOWA LN STE 104, CARY, NC 27511
Preparer
J Kelly Lanier
Phone
9194679720
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Special event expenses 43,399 special event expenses -43,399

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Funds held in agency: the organization administers certain loan and grant programs on behalf of certain municipalities and a nonprofit organization. Advances of loan or grant funds are recorded as a liability until disbursed.

Schedule D, Page 3, Part X

The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

Schedule D, Page 4, Part XI, Line 2D

Special event expenses 43,399

Schedule D, Page 4, Part XII, Line 2D

Special event expenses 43,399

Raw XML AppendixShowing 400 of 722 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/Form990PartVIISectionAGrp/PersonNm2JOHN SABISTON
IRS990/Form990PartVIISectionAGrp/PersonNm3LORI DIAZ
IRS990/Form990PartVIISectionAGrp/PersonNm4BRENT ALLISON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
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IRS990/Form990PartVIISectionAGrp/TitleTxt2CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP BUSINESS
IRS990/Form990PartVIISectionAGrp/TitleTxt4LOAN PORTFOL
IRS990/Form990PartVIISectionAGrp/TitleTxt5BUSINESS SOL
IRS990/Form990PartVIISectionAGrp/TitleTxt6CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASSIT BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD SECRET
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD VICE C
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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