2025-05-14T17:44:48-04:00 2024-06-30 561627242 ROMEO WIGGINS & COMPANY LLP 110 IOWA LN STE 104 CARY NC 27511 990 2023-07-01 581903219 CAROLINA SMALL BUSINESS DEVELOPMENT FUND CARO 9198031437 3128 HIGHWOODS BLVD SUITE 170 RALEIGH NC 27604 KEVIN DICK PRESIDENT & CEO 9195301683 2014-05-13 false J KELLY LANIER P01240701 9194679720 2025-05-13 2023 2025-03-06 01:10:19Z KEVIN DICK 3128 HIGHWOODS BLVD SUITE 170 RALEIGH NC 27604 8037388 false X WWW.CAROLINASMALLBUSINESS.ORG X 1990 NC OUR MISSION IS TO FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES BY PROVIDING CAPITAL, BUSINESS SERVICES, AND POLICY RESEARCH TO SUPPORT SMALL BUSINESSES. 15 15 45 18 0 7833944 5822109 2667924 2059446 72374 151673 -89915 -39239 10484327 7993989 2254645 24908 0 3518210 3648429 0 0 3563523 3265936 9336378 6939273 1147949 1054716 34372780 36552890 18763064 19888458 15609716 16664432 OUR MISSION IS TO FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES BY PROVIDING CAPITAL, BUSINESS SERVICES, AND POLICY RESEARCH TO SUPPORT SMALL BUSINESSES. false false 5571807 24908 2059446 CAROLINA 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. 5571807 true true false true false false false false true false true false true false true true true false false false false false false false true false false false false true false false false false false false false false false true false false false true false false false true 57 0 true 45 true false false false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false X X KEVIN DICK 9198031437 3128 HIGHWOODS BLVD SUITE 170 RALEIGH NC 27604 KEVIN DICK PRESIDENT & 40.00 X 212031 0 21470 MARK ROYSTER CHIEF CREDIT 40.00 X 135782 0 17553 JOHN SABISTON CFO 40.00 X 124412 0 17602 LORI DIAZ VP BUSINESS 40.00 X 113982 0 16067 BRENT ALLISON LOAN PORTFOL 40.00 X 103323 0 6060 REGINOLD JONES BUSINESS SOL 40.00 X 103323 0 6060 MERYL OLSON CFO X 96404 0 0 TED ARCHER BOARD CHAIR 1.00 X X 0 0 0 RODRICK BANKS ASSIT BOARD 1.00 X X 0 0 0 RAYMOND CHINN DIRECTOR 1.00 X 0 0 0 STEPHEN DILLE DIRECTOR 1.00 X 0 0 0 MERRILL FLOOD DIRECTOR 1.00 X 0 0 0 DR JOSEPH FOX DIRECTOR 1.00 X 0 0 0 LARRY GARCIA DIRECTOR 1.00 X 0 0 0 HUNTLEY GARRIOTT CHAIR/FORMER 1.00 X X 0 0 0 ROBYN LAKE HAMILTON DIRECTOR 1.00 X 0 0 0 BRIAN HEDGES DIRECTOR 1.00 X 0 0 0 JEFF MARSHALL DIRECTOR 1.00 X 0 0 0 SEDRICK MCCALLUM DIRECTOR 1.00 X 0 0 0 TIFFANY HALL MCNEIL BOARD SECRET 1.00 X X 0 0 0 LESLIE PERSON DIRECTOR 1.00 X 0 0 0 FRANK POLLOCK DIRECTOR 1.00 X 0 0 0 BOBBY ROBINSON BOARD VICE C 1.00 X X 0 0 0 PILAR ROCHA-GOLDBERG DIRECTOR 1.00 X 0 0 0 AARON THOMAS BOARD ASST S 1.00 X X 0 0 0 889257 84812 6 false true false VANN ATTORNEYS 1720 HILLSBOROUGH ST RALEIGH NC 27605 LEGAL SERVICES 113261 1 67063 5089025 666021 5822109 BUSINESS LOAN INTEREST 900099 1433926 1433926 ADMINISTRATIVE FEES 900099 306556 306556 LOAN ORIGINATION/CLOSING FEES 900099 194970 194970 REPAYMENT OF BAD DEBT 900099 107114 107114 MORTGAGE INTEREST 900099 16880 16880 2059446 151673 151673 3984 67063 43399 -39415 MISCELLANEOUS 900099 176 176 176 7993989 2059446 151849 24908 24908 672389 324269 348120 2335788 1891244 444544 126505 93171 33334 269332 198362 70970 244415 180011 64404 236735 184653 52082 124210 96884 27326 170021 170021 509385 359916 149469 44494 35595 8899 68302 53933 14369 154884 128554 26330 204630 159611 45019 98545 76865 21680 39325 30572 8753 376512 376512 48518 37844 10674 PROVISION FOR LOAN LOSS 927764 927764 SUBSCRIPTION AND DUES 98063 76489 21574 STAFF DEVELOPMENT 56664 44198 12466 GRANT REPAYMENT 55990 55990 51894 44441 7453 6939273 5571807 1367466 0 4215345 5870293 1044908 2679474 550829 149718 1965940 1877898 72518 65533 1186086 582098 739887 603988 25783353 25305986 34372780 36552890 267783 324838 226317 393812 782137 1270935 16735476 17285333 751351 613540 18763064 19888458 X 14252088 15289601 1357628 1374831 15609716 16664432 34372780 36552890 X 1054716 X false true X true true true X 3005063 5043896 4106772 7833944 5822109 25811784 3005063 5043896 4106772 7833944 5822109 25811784 2106550 23705234 40509 11979 10887 72374 151673 287422 94188 2538 70 252 176 97224 26196430 13292568 0.90490 0.87730 X PART II, LINE 10 MISCELLANEOUS INCOME 97,224 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 170021 false false 170021 false SCHEDULE C, PART II-B, LINE 1 PAID CONSULTANTS FOR LOBBYING ACTIVITIES. false true X 305340 296543 8797 880746 285555 595191 603988 LOANS RECEIVABLE 20927079 C COMMITTED LOAN SUPPORT FUNDS 6148999 C OTHER COMMITTED SUPPORT FUNDS 118636 C LOAN LOSS RESERVE -1888728 C 25305986 OPERATING LEASE LIABILITY 613540 613540 X 8045061 7673 43399 51072 7993989 7993989 6990345 7673 43399 51072 6939273 6939273 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 WWBC CONFERENCE 36047 32063 3984 29823 HISPANIC HERITA 20000 20000 1435 15000 15000 12141 71047 67063 3984 43399 43399 -39415 false false false false false false false false false KEVIN DICK PRESIDENT & CEO 185031 27000 10575 10895 233501 MARK ROYSTER CHIEF CREDIT OFFICER 135782 6857 10696 153335 false false false 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. FORM 990, PART XI, LINE 9 SPECIAL EVENT EXPENSES 43,399 SPECIAL EVENT EXPENSES -43,399 CAROLINA CAPITAL IMPACT INC 3128 HIGHWOODS BOULEVARD SUITE 170 RALEIGH NC 27604 823079867 INACTIVE NC 501C3 7 N/A false false false false false false false false false false false false false false false false false false false false