NonprofitsCarolina Small Business Development Fund

Public & Societal Benefit

Carolina Small Business Development Fund

RALEIGH, NC

Total revenue

$7.9M

Total expenses

$7.5M

Net assets

$17.0M

Grants received

$4.3M

45 grants

EIN

581903219

Tax year

2024

Mission

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

Financials

FY 2024

Revenue

Contributions & grants$5.0M
Program service revenue$2.5M
Investment income$314K
Other revenue$2K
Total revenue$7.9M

Expenses

Grants paid$35K
Salaries & benefits$4.2M
Fundraising
Other expenses$3.2M
Total expenses$7.5M
Total assets$39.2M
Net assets$17.0M

People

26 listed

NameRoleCompensation

Kevin Dick

President & CEO

Board

$212K

40 hrs/wk

Mark Royster Jr

Senior VP, Chief Credit Officer

Board

$147K

40 hrs/wk

Lori Diaz

VP, Business Solutions

Board

$114K

40 hrs/wk

Meryl Olson

VP, Chief Financial Officer

Board

$113K

40 hrs/wk

Kim Cameron

Board Member

Board

1 hrs/wk

Larry Garcia

Board Member

Board

1 hrs/wk

Leslie Person

Board Member

Board

1 hrs/wk

Lori O'Keeke

Board Member

Board

1 hrs/wk

Merrill Flood

Board Member

Board

1 hrs/wk

Pilar Rocha-Goldberg

Board Member

Board

1 hrs/wk

Bobby Robinson

Vice Chair

Board

1 hrs/wk

Raymond Chinn

Board Member

Board

1 hrs/wk

Robyn Lake Hamilton

Board Member

Board

1 hrs/wk

Sedrick McCallum

Board Member

Board

1 hrs/wk

Stephen Dille

Board Member

Board

1 hrs/wk

Tonya Portis

Board Member

Board

1 hrs/wk

Randall Channing Jones

Board Member

Board

1 hrs/wk

Huntley Garriot

Chair

Board

1 hrs/wk

Jeff Marshall

Treasurer

Board

1 hrs/wk

Rodrick Banks

Asst Secretary/Treasurer

Board

1 hrs/wk

Tiffany McNeill

Secretary

Board

1 hrs/wk

Brian Hedges

Board Member

Board

1 hrs/wk

Dr Joseph Fox

Board Member

Board

1 hrs/wk

Reginold Jones

Business Solutions Director

Staff

$108K

40 hrs/wk

Lindsey Brent Allison

Loan Portfolio Director

Staff

$106K

40 hrs/wk

Surilma Anuel

Western Women's Director

Staff

$102K

40 hrs/wk

Independent contractors

Vann's Attorney

Attorney, collection services

$186K

McGuire & Woods

Lobbyist

$108K

Grants received

Showing 45 of 45

FromAmountPurposeYear
$300K
TECHNICAL ASSISTANCE AND CAPITAL ACCESS FOR ENTREPRENEURS
2024
$80K
SMALL BUSINESS
2024
$5K
Public Benefit
2024
$500
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$400K
CDFI CAPACITY BUILDING PROGRAM GRANTS
2023
$264K
REMOVING LANGUAGE AND CAPITAL BARRIERS FOR COMMUNITIES OF COLOR IN RURAL WNC.
2023
$112K
WESTERN WOMAN'S BUSINESS CENTER AND LATINO PROGRAM.
2023
$100K
FINANCE JUSTICE FUND SUBGRANT
2023
$15K
SMALL BUSINESS
2023
$1K
GENERAL OPERATING SUPPORT
2023
$168K
THIS GRANT WILL SUPPORT CAROLINA SMALL BUSINESS DEVELOPMENT FUND STRENGTHEN THE WESTERN WOMENS BUSINESS CENTER AND PROGRAMA EMPRESARIAL LATINO.
2022
$75K
BUSINESS DEVELOPMENT IN APPALACHIA
2022
$17K
CHARITABLE DONATION
2022
$5K
CSBDF LATINO PROGRAM
2022
$150K
FINANCE JUSTICE FUND SUBGRANT
2021
$13K
CHARITABLE DONATION
2021
$5K
CSBDF LATINO PROGRAM
2021
$201K
UPLIFT AMERICA FUND
2020
$200K
ADVISED - FOR SUPPORTING SMALL BUSINESS THROUGH MODERNIZING INFRASTRUCTURE FOR REPORTING, EVALUATION, AND LEARNING TO BETTER SUPPORT YOUR LOCAL COMMUNITY.
2020
$100K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2020
$100K
EXPANDING ACCESS TO TRAINING, COACHING AND CAPITAL FOR LATINO AND WOMEN SMALL BUSINESSES IN WNC
2020
$100K
EMERGENCY BUSINESS ASSISTANCE GRANT
2020
$100K
GRANT TO SUPPORT COVID-19 RELIEF EFFORTS FOR SMALL BUSINESSES IN NC.
2020
$40K
COVID-19 RESPONSE
2020
$40K
1 GRANT(S) FOR VARYING PURPOSES
2020
$25K
ECOSYSTEM GRANTS
2020
$25K
PROGRAM SUPPORT
2020
$20K
SMALL BUSINESS TRAINING AND SUPPORT IN NORTH CENTRAL NORTH CAROLINA: A COLLABORATION BETWEEN CAROLINA SMALL BUSINESS DEVELOPMENT FUND AND PIEDMONT COMMUNITY COLLEGE PROJECT
2020
$17K
CHARITABLE DONATION
2020
$15K
Financial Capability
2020
$10K
GENERAL SUPPORT
2020
$5K
CSBDF LATINO PROGRAM - BILINGUAL COACHING AND TECHNICAL ASSISTANCE FOR LATINO SMALL BUSINESSES
2020
$20
GENERAL OPERATING SUPPORT
2020
$1M
GENERAL SUPPPORT
2019
$35K
Financial Capability
2019
$25K
GENERAL PURPOSE
2019
$5K
CSBDF LATINO PROGRAM - BILINGUAL COACHING AND TECHNICAL ASSISTANCE FOR LATINO SMALL BUSINESSES
2019
$228K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2018
$100K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2018
$325
GENERAL OPERATING SUPPORT
2018

Funded by

$4.3M from 25 funders · 45 grants · 2018–2024

Duke University

$1M · 1 grant · 2019

Dogwood Health Trust

$944K · 5 grants · 2020–2024

Jpmorgan Chase Foundation

$430K · 7 grants · 2018–2024

Opportunity Finance Network

$250K · 2 grants · 2021–2023

Mary Reynolds Babcock Foundation

$201K · 1 grant · 2020

The San Francisco Foundation

$200K · 1 grant · 2020

National Association For Latino

$145K · 4 grants · 2019–2024

Details

EIN581903219
NTEE codeW610
Subsection03
Ruling date1990-11
Formed1990
Employees43
Volunteers19
CAROLINA SMALL BUSINESS DEVELOPMENT FUND — Mission, Financials & Grants Received | Grantivo