Civic Intelligence

Carolina Small Business Development Fund

990 • Fiscal year 2024 • EIN 58-1903219

Jul 01, 2023 to Jun 30, 2024 • Filed on May 13, 2014

Organization ProfileWWW.CAROLINASMALLBUSINESS.ORG

View Organization Page

3128 Highwoods Blvd Suite 170Raleigh, NC 27604

(919) 803-1437

Siviq Scores

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

Liabilities / Assets

76th percentile

0.54x

Higher debt load relative to assets than 76% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

2.49x

Higher debt load relative to revenue than 89% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

43rd percentile

$233,501

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

53rd percentile

6.3%

Faster asset growth than 53% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-24%

Faster revenue growth than 9% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$36,552,890

Up $2,180,110 (+6.3%) from 2023

Net Assets

Up

$16,664,432

Up $1,054,716 (+6.8%) from 2023

Liabilities

Up

$19,888,458

Up $1,125,394 (+6.0%) from 2023

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin68th percentile

Revenue

Down

$7,993,989

Down $2,490,338 (-24%) from 2023

Expenses

Down

$6,939,273

Down $2,397,105 (-26%) from 2023

Net Income

Down

$1,054,716

Down $93,233 (-8.1%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2024

Assets$36,552,890
Liabilities$19,888,458
Net Assets$16,664,432
Open 2024 Filing

Operations Trend

Revenue Growth9th 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

2024

Revenue$7,993,989
Expenses$6,939,273
Net Income$1,054,716
Open 2024 Filing
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
Top Officer Pay43rd percentile

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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0267783
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0324838
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0OUR MISSION IS TO FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES BY PROVIDING CAPITAL, BUSINESS SERVICES, AND POLICY RESEARCH TO SUPPORT SMALL BUSINESSES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt08899
IRS990/AdvertisingGrp/ProgramServicesAmt035595
IRS990/AdvertisingGrp/TotalAmt044494
IRS990/AllOtherContributionsAmt0666021
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07453
IRS990/AllOtherExpensesGrp/ProgramServicesAmt044441
IRS990/AllOtherExpensesGrp/TotalAmt051894
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0KEVIN DICK
IRS990/BooksInCareOfDetail/PhoneNum09198031437
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03128 HIGHWOODS BLVD SUITE 170
IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027604
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt04215345
IRS990/CashNonInterestBearingGrp/EOYAmt05870293
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0348120
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0324269
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0672389
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt08753
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt030572
IRS990/ConferencesMeetingsGrp/TotalAmt039325
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0113261
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01720 HILLSBOROUGH ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0RALEIGH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd027605
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0VANN ATTORNEYS
IRS990/ContractorCompensationGrp/ServicesDesc0LEGAL SERVICES
IRS990/ContriRptFundraisingEventAmt067063
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt05822109
IRS990/CYGrantsAndSimilarPaidAmt024908
IRS990/CYInvestmentIncomeAmt0151673
IRS990/CYOtherExpensesAmt03265936
IRS990/CYOtherRevenueAmt0-39239
IRS990/CYProgramServiceRevenueAmt02059446
IRS990/CYRevenuesLessExpensesAmt01054716
IRS990/CYSalariesCompEmpBnftPaidAmt03648429
IRS990/CYTotalExpensesAmt06939273
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07993989
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0true
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0226317
IRS990/DeferredRevenueGrp/EOYAmt0393812
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0CAROLINA 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.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01357628
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01374831
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt045
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt0782137
IRS990/EscrowAccountLiabilityGrp/EOYAmt01270935
IRS990/ExpenseAmt05571807
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt027326
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt096884
IRS990/FeesForServicesAccountingGrp/TotalAmt0124210
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt052082
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0184653
IRS990/FeesForServicesLegalGrp/TotalAmt0236735
IRS990/FeesForServicesLobbyingGrp/ProgramServicesAmt0170021
IRS990/FeesForServicesLobbyingGrp/TotalAmt0170021
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0149469
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0359916
IRS990/FeesForServicesOtherGrp/TotalAmt0509385
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt211.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt221.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt231.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd10X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt021470
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt117553
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt217602
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt316067
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt46060
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt56060
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/PersonNm0KEVIN DICK
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK ROYSTER
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN SABISTON
IRS990/Form990PartVIISectionAGrp/PersonNm3LORI DIAZ
IRS990/Form990PartVIISectionAGrp/PersonNm4BRENT ALLISON
IRS990/Form990PartVIISectionAGrp/PersonNm5REGINOLD JONES
IRS990/Form990PartVIISectionAGrp/PersonNm6MERYL OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm7TED ARCHER
IRS990/Form990PartVIISectionAGrp/PersonNm8RODRICK BANKS
IRS990/Form990PartVIISectionAGrp/PersonNm9RAYMOND CHINN
IRS990/Form990PartVIISectionAGrp/PersonNm10STEPHEN DILLE
IRS990/Form990PartVIISectionAGrp/PersonNm11MERRILL FLOOD
IRS990/Form990PartVIISectionAGrp/PersonNm12DR JOSEPH FOX
IRS990/Form990PartVIISectionAGrp/PersonNm13LARRY GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm14HUNTLEY GARRIOTT
IRS990/Form990PartVIISectionAGrp/PersonNm15ROBYN LAKE HAMILTON
IRS990/Form990PartVIISectionAGrp/PersonNm16BRIAN HEDGES
IRS990/Form990PartVIISectionAGrp/PersonNm17JEFF MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm18SEDRICK MCCALLUM
IRS990/Form990PartVIISectionAGrp/PersonNm19TIFFANY HALL MCNEIL
IRS990/Form990PartVIISectionAGrp/PersonNm20LESLIE PERSON
IRS990/Form990PartVIISectionAGrp/PersonNm21FRANK POLLOCK
IRS990/Form990PartVIISectionAGrp/PersonNm22BOBBY ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm23PILAR ROCHA-GOLDBERG
IRS990/Form990PartVIISectionAGrp/PersonNm24AARON THOMAS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0212031
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1135782
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2124412
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3113982
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4103323
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5103323
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt696404
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF CREDIT
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
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIR/FORMER
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
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD ASST S
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt067063
IRS990/FundraisingDirectExpensesAmt043399
IRS990/FundraisingGrossIncomeAmt03984
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt05089025
IRS990/GrantAmt024908
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt024908
IRS990/GrantsToDomesticOrgsGrp/TotalAmt024908
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt08037388
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt026330
IRS990/InformationTechnologyGrp/ProgramServicesAmt0128554
IRS990/InformationTechnologyGrp/TotalAmt0154884
IRS990/InsuranceGrp/ManagementAndGeneralAmt010674
IRS990/InsuranceGrp/ProgramServicesAmt037844
IRS990/InsuranceGrp/TotalAmt048518
IRS990/InterestGrp/ProgramServicesAmt0376512
IRS990/InterestGrp/TotalAmt0376512
IRS990/InvestmentIncomeGrp/ExclusionAmt0151673
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0151673
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt025783353
IRS990/InvestmentsProgramRelatedGrp/EOYAmt025305986
IRS990/IRPDocumentCnt057
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0582098
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0739887
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0603988
IRS990/LandBldgEquipCostOrOtherBssAmt01186086
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OUR MISSION IS TO FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES BY PROVIDING CAPITAL, BUSINESS SERVICES, AND POLICY RESEARCH TO SUPPORT SMALL BUSINESSES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt016735476
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt017285333
IRS990/NetAssetsOrFundBalancesBOYAmt015609716
IRS990/NetAssetsOrFundBalancesEOYAmt016664432
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-39415
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt014252088
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt015289601
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt045019
IRS990/OccupancyGrp/ProgramServicesAmt0159611
IRS990/OccupancyGrp/TotalAmt0204630
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014369
IRS990/OfficeExpensesGrp/ProgramServicesAmt053933
IRS990/OfficeExpensesGrp/TotalAmt068302
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt070970
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0198362
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0269332
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1SUBSCRIPTION AND DUES
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3GRANT REPAYMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021574
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112466
IRS990/OtherExpensesGrp/ProgramServicesAmt0927764
IRS990/OtherExpensesGrp/ProgramServicesAmt176489
IRS990/OtherExpensesGrp/ProgramServicesAmt244198
IRS990/OtherExpensesGrp/ProgramServicesAmt355990
IRS990/OtherExpensesGrp/TotalAmt0927764
IRS990/OtherExpensesGrp/TotalAmt198063
IRS990/OtherExpensesGrp/TotalAmt256664
IRS990/OtherExpensesGrp/TotalAmt355990
IRS990/OtherLiabilitiesGrp/BOYAmt0751351
IRS990/OtherLiabilitiesGrp/EOYAmt0613540
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0176
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0176
IRS990/OtherRevenueTotalAmt0176
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0444544
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01891244
IRS990/OtherSalariesAndWagesGrp/TotalAmt02335788
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01965940
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01877898
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt064404
IRS990/PayrollTaxesGrp/ProgramServicesAmt0180011
IRS990/PayrollTaxesGrp/TotalAmt0244415
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt033334
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt093171
IRS990/PensionPlanContributionsGrp/TotalAmt0126505
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0550829
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0149718

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,552,890
Liabilities
$19,888,458
Net assets
$16,664,432
Revenue
$7,993,989
Expenses
$6,939,273
Net income
$1,054,716
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
2024Detailed filing. Detailed filing data is available for this year.$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