NonprofitsClimb Fund

Community Improvement & Capacity Building

Climb Fund

CHARLESTON, SC

Total revenue

$3.4M

Total expenses

$2.6M

Net assets

$26.3M

Grants received

$583K

7 grants

EIN

570707663

Tax year

2023

Mission

The purpose of the corporation is to further economic development to promote and assist in the growth and development of business concerns and to engage in those activities which are in furtherance of or related to those purposes

Programs

1 program

Technical Assistance ProgramTechnical Assistance ProgramCoupled with its loan products, the organization provides both pre-loan counseling to prospective applicants and intensive post-loan developmental services to its borrowers. Such assistance occurs in various forums: one-on-one counseling, group sessions, workshops, seminars, classes, exhibitions, and site visits. Many of the group sessions are conducted in collaboration with local community resources such as SBDC, SCORE, or the SBA, just to name a few. Throughout the year, the Organization provided over 1,500 entrepreneurs some level of technical assistance at more than 150 seminars, workshops, or networking events.The organization views its one-on-one technical assistance as critical to providing a foundation for success and offers such assistance through several vehicles of delivery to include consultant team, staff, and its community resources. The consultant team allows the Organization to provide specialized training by offering bookkeeping and QuickBooks training and business counseling through its site visit program. During the year, 371 businesses have received almost 6,000 hours of specialized training.

Expenses: $541K

Financials

FY 2023

Revenue

Contributions & grants$1.0M
Program service revenue$1.8M
Investment income$516K
Other revenue
Total revenue$3.4M

Expenses

Grants paid
Salaries & benefits$1.8M
Fundraising
Other expenses$759K
Total expenses$2.6M
Total assets$38.5M
Net assets$26.3M

People

13 listed

NameRoleCompensation

Cynthia Rourk

CEO

Board

$182K

40 hrs/wk

Nina Cano Richards

Director

Board

5 hrs/wk

David Harper

Director

Board

5 hrs/wk

Jamilla Harper

Director

Board

5 hrs/wk

Paul Jones

Director

Board

5 hrs/wk

Carol Jackson

Director

Board

5 hrs/wk

Stephanie Pritchett

Director

Board

5 hrs/wk

Clay Middleton

Treasurer

Board

5 hrs/wk

Kerri Chisholm

Vice President

Board

5 hrs/wk

Casdell E Singleton

President

Board

5 hrs/wk

Grant A McAnulty

Past President

Board

5 hrs/wk

Bryan Mcneal Jr

Asst Secretary

Board

5 hrs/wk

William Thompson Jr

Secretary

Board

5 hrs/wk

Grants received

Showing 7 of 7

FromAmountPurposeYear
$71K
Business Support
2024
$257K
BUSINESS SUPPORT
2023
$15K
GENERAL OPERATING
2023
$8K
PROGRAM/OPERATING SUPPORT
2023
$125K
ALLOWING THEM TO PROVIDE TRAINING, TECHNICAL ASSISTANCE AND FINANCING TO MINORITY, VETERAN AND WOMEN OWNED BUSINESSES THROUGHOUT SC
2022
$100K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
$7K
CHARITABLE SUPPORT
2020

Funded by

$583K from 5 funders · 7 grants · 2020–2024

South Carolina Association for

$453K · 3 grants · 2022–2024

Opportunity Finance Network

$100K · 1 grant · 2022

Truist Foundation Inc

$15K · 1 grant · 2023

Details

EIN570707663
NTEE codeS31
Subsection03
Ruling date2019-06
Formed1979
Employees30
Volunteers20
CLIMB FUND — Mission, Financials & Grants Received | Grantivo