CAROLINA SMALL BUSINESS DEVELOPMENT FUND

RALEIGH, NC, 27604-6447 (919) 803-1437 Est. 1990 EIN 58-1903219
W610 - Public & Societal Benefit 990 - Public charity return 501(c)(3)
www.carolinasmallbusiness.org

Mission

OUR MISSION IS TO FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES BY PROVIDING CAPITAL, BUSINESS SERVICES, AND POLICY RESEARCH TO SUPPORT SMALL BUSINESSES.

Giving Portfolio

Total Grants
212
Total Giving
$3.2M
Recipients
211
Years Active
2020 - 2022
Avg grant: $19,400 Median: $25,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202288$2.2M $25K880
20211$25K $25K10
2020123$1.0M $8K1220

Top States

North Carolina
210
South Carolina
2

Top Grantees

Page 1 of 3
ALPS INSIGHTS
NC
$30K
IV HOSPTITALITY LLC
NC
$30K
NORTH FOURTH INC
NC
$30K
TINY WOLF LLC
NC
$30K
INSURANCE EDUCATIONAL SYSTEMS INC
NC
$30K
JMR KITCHENS LLC
NC
$30K
LEVRIDGE WELLNESS CENTER PC
NC
$30K
ACORN TO OAK LLC
NC
$30K
POSHNOSH CATERING INC KALEIDOSCOPE
NC
$30K
SKY LINK SHUTTLE LLC
NC
$30K

Grants Awarded · 1 grants

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Financials

Total Revenue
$7,889,556
Total Expenses
$7,524,139
Net Assets
$17,029,849
43 employees 19 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
2.3 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 1.3%
Expenses ↑ 8.4%
Revenue Sources
Contributions 63.9% Earned revenue 32.1% Investment 4.0%
Expense Breakdown
Program 81.6% Management 18.4%

Officers & Trustees (26)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jul 1, 2024 to Jun 30, 2025
$7,889,556 ↓$7,524,139$17,029,849
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$10,484,327 ↑$9,336,378$15,609,716
2021 990 - Public charity return
Jul 1, 2021 to Jun 30, 2022
$6,416,650 ↓$6,271,251$14,461,767
2020 990 - Public charity return
Jul 1, 2020 to Jun 30, 2021
$7,982,393 ↑$7,169,015$14,316,368
2019 990 - Public charity return
Jul 1, 2019 to Jun 30, 2020
$5,600,963 ↓$6,866,306$13,502,990
2018 990 - Public charity return
Jul 1, 2018 to Jun 30, 2019
$8,969,393 ↑$8,153,430$14,768,333
2017 990 - Public charity return
Jul 1, 2017 to Jun 30, 2018
$6,835,372 $7,048,155$13,952,370

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EIN: 58-1903219 · Source: IRS Form 990 e-file data