Civic Intelligence

Carolina Small Business Development Fund

990 • Fiscal year 2014 • EIN 58-1903219

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 26, 2015

Organization ProfileWWW.THESUPPORTCENTER-NC.ORG

View Organization Page

3120 Highwoods Blvd Suite 35027604

(919) 803-1437

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.27x

Higher debt load relative to assets than 52% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

77th percentile

0.91x

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

91st percentile

50%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

28th percentile

$115,179

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

85th percentile

19%

Faster asset growth than 85% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

79th percentile

22%

Faster revenue growth than 79% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$16,935,894

Up $2,737,433 (+19%) from 2013

Net Assets

Up

$12,354,499

Up $2,511,785 (+26%) from 2013

Liabilities

Up

$4,581,395

Up $225,648 (+5.2%) from 2013

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin91st percentile

Revenue

$5,052,206

No earlier filing loaded for comparison.

Expenses

Down

$2,540,421

Down $992,115 (-28%) from 2013

Net Income

$2,511,785

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2014

Assets$16,935,894
Liabilities$4,581,395
Net Assets$12,354,499
Open 2014 Filing

Operations Trend

Revenue Growth79th percentile

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$5,052,206
Expenses$2,540,421
Net Income$2,511,785
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 26, 2015
Return Version
2013v4.0
Gross Receipts
$5,065,072
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$11,142,811$14,283,196▲ $3,140,385
Cash and Non-Interest-Bearing Accounts$2,367,639$2,115,308▼ $252,331
Other Notes and Loans Receivable, Net$231,310$266,786▲ $35,476
Land, Buildings, and Equipment, Net$65,871$83,218▲ $17,347
Total Assets$14,198,461$16,935,894▲ $2,737,433
Other Assets Total$390,830$187,386▼ $203,444
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,138,325$4,522,830▲ $1,384,505
Accounts Payable and Accrued Expenses$47,203$55,560▲ $8,357
Other Liabilities$1,170,219$3,005▼ $1,167,214
Total Liabilities$4,355,747$4,581,395▲ $225,648
Net Assets / Fund Balance
Unrestricted Net Assets$5,021,528$8,328,711▲ $3,307,183
Temporarily Rstr Net Assets$4,821,186$4,025,788▼ $795,398
Total Net Assets Fund Balance$9,842,714$12,354,499▲ $2,511,785
Total Liabilities and Net Assets / Fund Balance$14,198,461$16,935,894▲ $2,737,433

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$83,218$103,131$186,349
Investment Program Related Org$-983,016--
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lenwood LongPresident/ceFT$115,179-$115,179
Awamary Lowe-khanCFOFT$85,534$11,172$96,706

Board Members and Trustees

NameTitle
Peter SkillernChair
Tony HayesVice-chair
Armeer KenchenDirector
Barbara LeeDirector
Dr Lucy ReubenDirector
Jeff HardinDirector
Jennifer Watson RobertsDirector
John RadebaughDirector
Lynn HolmesDirector
Marshall CherryDirector
Nancy Patrick StroudDirector
Napoleon WallaceDirector
Stephanie Swepson-twittySecretary
Susan Perry ColeSecretary
Luis PastorTreasurer
Maurice SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,420,103
Program Service Revenue
$93,984
Investment Income
$516,358
Other Revenue
$21,761
All Other Contributions
$170,313
Change in Net Assets
$2,511,785

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,052,206
Revenue Not Reported on Form 990
$12,866
Total Revenue per Audited Statements
$5,065,072
Total Revenue per Form 990
$5,052,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,560,519
Salaries, Compensation, and Employee Benefits$979,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$478,916$135,078-$613,994
Fees for Services Other$210,774$77,518-$288,292
Current Officers, Directors, Trustees, and Key Employees$166,379$46,929-$213,308
Occupancy$74,011$21,040-$95,051
Other Employee Benefits$71,409$20,141-$91,550
Interest$71,023--$71,023
Travel$53,757$15,162-$68,919
Fees for Services Lobbying$66,000--$66,000
All Other Expenses$57,026$4,123-$61,149
Payroll Taxes$47,619$13,431-$61,050
Office Expenses$25,416$7,035-$32,451
Other Expenses$20,824$5,875-$26,699
Depreciation Depletion$17,744$5,005-$22,749
Fees for Services Accounting$16,673$4,702-$21,375
Conferences and Meetings$15,023$3,423-$18,446
Fees for Services Legal$13,389$3,776-$17,165
Information Technology$6,659$1,876-$8,535
Insurance$6,545$1,847-$8,392
Advertising$5,292$1,493-$6,785
Total Functional Expenses$2,165,974$374,447$0$2,540,421

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,553,287
Expenses per Audited Statements$2,540,421
Total Expenses per Form 990$2,540,421
Expenses Not Reported on Form 990$12,866
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,101
Fundraising Direct Expenses$12,866
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$19,101$14,101$12,866$1,235
Total Events$19,101$14,101$12,866$1,235
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Accrued Expenses$3,005
Capacity Grants Payable-
Advances of Cdfi Funds-
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 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The organization's ceo is employed via a management company, bv & l associates.”

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

“The finance committee of the board of directors reviews the form 990 prior to its filing and reports the results to the full board.”

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 15B

“Each year, a performance appraisal is done and any increase in salary is recommended by the president/ceo and finance 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

EIN
58-1903219
Phone
9198031437

Signing Officer

Name
Lenwood Long
Title
President/CEO
Phone
9198031437
Signed
2015-01-26

Organization Details

Principal Officer
Lenwood Long
Formed
1990
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
13

Preparer

Preparer
J Kelly Lanier
Phone
9198705151
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Loan servicing fees 1,942 0 0 contract services 208,832 77,518 0”

Form 990, Part XI, Line 9

“Special event expenses 12,866 special event expenses -12,866”

Financial Statement Notes

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

“Special event expenses 12,866”

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

“Special event expenses 12,866”

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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/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,935,894
Liabilities
$4,581,395
Net assets
$12,354,499
Revenue
$5,052,206
Expenses
$2,540,421
Net income
$2,511,785
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