2024-05-15T07:41:00-05:00 2023-06-30 561304727 BLACKMAN & SLOOP CPAS PA 1414 RALEIGH RD SUITE 300 CHAPEL HILL NC 27517 990 2022-07-01 823990062 CAROLINA COMMUNITY IMPACT INC CARO 9198615324 3724 NATIONAL DRIVE SUITE 220 RALEIGH NC 27612 JOE BATTLE GENERAL MANAGER 9198615324 2024-05-14 1 JOE BATTLE 999009999 0 ROBERT LEWIS P00332659 9199428700 2024-05-03 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOE BATTLE 3724 NATIONAL DRIVE SUITE 220 RALEIGH NC 27612 1469408 0 X WWW.CCIFUND.ORG X 2018 NC CAROLINA COMMUNITY IMPACT, INC. (CCI) IS A NON-PROFIT ORGANIZATION THAT PROVIDES ACCESS TO CREDIT AND ASSET-BUILDING TECHNIQUES FOR INDIVIDUALS AND SMALL BUSINESSES. OUR MISSION IS TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT BY PROVIDING FINANCIAL PROGRAMS AND SERVICES FOR LOW AND MODERATE-INCOME CLIENTS. 5 5 0 5 0 0 954000 1225476 73189 122870 33333 120629 3118 433 1063640 1469408 0 0 0 0 383538 439534 0 0 0 171067 155789 554605 595323 509035 874085 1458243 3177970 493033 1633825 965210 1544145 X CAROLINA COMMUNITY IMPACT, INC. (CCI) IS A NON-PROFIT ORGANIZATION THAT PROVIDES ACCESS TO CREDIT AND ASSET-BUILDING TECHNIQUES FOR INDIVIDUALS AND SMALL BUSINESSES. OUR MISSION IS TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT BY PROVIDING FINANCIAL PROGRAMS AND SERVICES FOR LOW AND MODERATE-INCOME CLIENTS. 0 0 184915 123303 DURING FY 2022, CCI ORIGINATED MORE THAN $4.87 MILLION IN LOANS TO SMALL BUSINESSES THAT WERE FINANCIALLY DEVASTATED BY THE COVID-19 PANDEMIC, USING LEAD FUNDING FROM THE STATE OF NORTH CAROLINA'S RAPID RESPONSE PROGRAM (RRP). WE USED OUR PARTICIPATION IN NORTH CAROLINA'S RRP TO CATALYZE CCI'S TRANSFORMATION FROM A REGIONAL CDFI INTO A STATEWIDE LENDER.WE ALSO RECOGNIZED THE NECESSITY OF PROVIDING MINORITY ENTREPRENEURS AND SMALL BUSINESS OWNERS WITH ANOTHER SOURCE OF LOANS AT A 0% INTEREST RATE AS WELL AS EXTENSIVE TECHNICAL ASSISTANCE SERVICES, TO HELP STRENGTHEN THEIR FIRM IN THE AFTERMATH OF COVID-19.OF THE 93 SMALL BUSINESS LOANS THAT WE ORIGINATED IN FY 2022, 55 (OR 59%) WERE PROVIDED TO MINORITY-OWNED OR CONTROLLED FIRMS. HOWEVER, THE DOLLAR AMOUNT OF THESE ORIGINATIONS TOTALED $1.15 MILLION OR 23% OF CCI'S SMALL BUSINESS LOANS IN FY 2022, WHICH WAS $4,936,550. 184915 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NC X STEVEN COLE 9198615324 3724 NATIONAL DRIVE SUITE 220 RALEIGH NC 27612 ALEXIS NELSON CHAIRMAN 5.00 5.00 X X 0 0 0 KATIE GAILES BOARD MEMBER 5.00 X 0 0 0 RON FISCHER BOARD MEMBER 5.00 X 0 0 0 DOUG MISKEW BOARD MEMBER 5.00 X 0 0 0 AMY BLACKWELL BOARD MEMBER 5.00 X 0 0 0 MICHAEL CROXSON PRESIDENT/CEO CEO THRU 10/2022 10.00 30.00 X 0 189806 21550 0 189806 21550 0 0 1 0 0 1225476 1225476 LOAN ADMIN FEE 522291 97865 97865 LOAN ADMIN FEE 522291 20840 20840 LOAN ADMIN FEE 522291 2590 2590 NSF CHARGES 522200 1575 1575 122870 120629 120629 MISC 900099 433 433 433 1469408 123303 0 120629 X 439534 87906 351628 2818 2818 78926 42268 36658 36459 36459 10826 10826 7876 1575 6301 3430 3430 MISCELLANEOUS 11858 2034 9824 DUES AND FEES 2085 417 1668 BANK FEES 1511 1511 595323 184915 410408 0 461597 1662894 24651 125000 20067 949495 1359576 22500 10433 1458243 3177970 43279 381111 250000 4962 1247752 199754 0 493033 1633825 X 965210 1419145 125000 965210 1544145 1458243 3177970 X 874085 -295150 X X 0 1 X 1 0 X X 1 CONSUMER EDUCATION SERVICES INC 562106758 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 0 PART IV, SECTION E, LINE 2A THE CCI FITS PERFECTLY WITH CESI'S MISSION TO PROVIDE ENHANCED AND HOLISTIC ECONOMIC SECURITY TO EVERYONE SERVED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1469408 0 1469408 0 1469408 890473 295150 295150 595323 0 595323 PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT 295,150. X 0 0 0 0 0 0 0 0 0 MICHAEL CROXSON PRESIDENT/CEO CEO THRU 10/2022 0 189806 0 0 0 0 0 13894 0 7656 0 211356 0 0 FORM 990, PART VI, SECTION B, LINE 11B 990 WILL BE REVIEWED BY PRESIDENT/CEO AND DIRECTOR OF FINANCE PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ANNUALLY ON A CONFLICT OF INTEREST FORM. ANY KNOWN CONFLICTS OF INTREST REQUIRE IMMEDIATE DISCLOSURE. FORM 990, PART VI, SECTION C, LINE 18 GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICE UPON REQUEST BY THE PUBLIC. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 9,768. MANAGEMENT AND GENERAL EXPENSES 36,658. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,426. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 32,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,500. FORM 990, PART XI, LINE 9: BAD DEBT -295,150. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. CONSUMER EDUCATION SERVICES INC 3700 BARRETT DRIVE RALEIGH NC 27609 562106758 FINANCIAL EDUCATION NC 501(C)(3) LINE 7 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 CONSUMER EDUCATION SERVICES INC O 439534 ACTUAL PAYMENTS MADE CONSUMER EDUCATION SERVICES INC C 400000 ACTUAL PAYMENTS RECEIVED