2025-10-06T14:54:35-05:00 2024-12-31 392519050 ELLIOTT DAVIS ADVISORY LLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2024-01-01 562227354 CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION CHAR 7043781324 PO BOX 20103 CHARLOTTE NC 282020027 NATHANIEL HOGAN PRESIDENT 7043781324 2025-10-06 1 1 JANICE A RATICA P00358837 7043338881 2025-10-06 2024 2025-03-06 01:10:19Z NATHANIEL HOGAN PO BOX 20103 CHARLOTTE NC 282020027 1648445 0 X WWW.CHARLOTTEREGION.COM/FOUNDATION X 2000 NC TO CATALYZE TRANSFORMATIVE GROWTH IN THE CHARLOTTE REGION WHERE DYNAMIC (CONT'D ON PAGE 2) 8 8 0 8 0 0 1735664 1612972 0 0 10013 35473 0 0 1745677 1648445 0 0 0 0 596617 686470 0 0 256343 797512 925580 1394129 1612050 351548 36395 1176093 1310869 166529 264910 1009564 1045959 X SMALL BUSINESSES AND BUSINESS LEADERS THRIVE. 1 0 108413 219954 CHARLOTTE SMALL BUSINESS GROWTH FUND IS AN INNOVATIVE FUND FOCUSED ON GIVING SMALL BUSINESSES-INCLUDING THOSE THAT MAY NOT QUALIFY FOR FUNDING ELSEWHERE-ACCESS TO CAPITAL AT COMPETITIVE RATES. FUNDING FLOWS THROUGH MISSION BASED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS THAT STAY ENGAGED THROUGHOUT THE LIFE OF THE LOAN, PROVIDING COACHING, MENTORING, ACCELERATORS AND OTHER SUPPORTIVE SERVICES. 62405 109977 RISE (REGIONAL INNOVATION AND SUPPORT FOR ENTREPRENEURS) IS AN INNOVATIVE ARTIFICIAL INTELLIGENCE POWERED TECHNOLOGY PLATFORM THAT HELPS ENTREPRENEURS NAVIGATE RESOUCES AVAILABLE TO START, RUN AND GROW BUSINESSES. HIGHLIGHTING THE ABUNDANCE OF RESOURCES AVAILABLE TO ENTREPRENEURS, IN A SINGLE PLATFORM, WHILE KEEPING THOSE RESOURCES PERPETUALLY UP TO DATE, SAVES ENTREPRENEURS PRECIOUS TIME, ALLOWING THEM TO FOCUS ON THE FUNDAMENTAL OF GROWING THEIR BUSINESSES. THE PLATFORM ALSO PROVIDES USEFUL DATA AND INSIGHT INTO THE MOST SOUGHT AFTER AND LEVERAGED RESOURCES IN THE SMALL BUSINESS ECOSYSTEM. 268383 247154 SCALE UP CLT IS A BUSINESS ACCELERATOR FOCUSED ON HELPING ENTREPRENEURS WITH BUSINESSES BETWEEN $250,000 AND $999,999 IN REVENUE, EXCEED $1,000,000. ENTERING OUR SIXTH COHORT, OVER 26% OF SCALE UP CLT PARTICIPANTS HAVE GROWN THEIR BUSINESSES BEYOND $1,000,000, AS COMPARED TO UNDER 4% OF ALL BUSINESSES NATIONALLY. ADDITIONALLY, PARTICIPANTS HAVE SEEN AN AVERAGE YEAR OVER YEAR REVENUE GROWTH OF 33%. 880504 1029884 LEADERSHIP ACADEMY OF CHARLOTTE IS A 10 MONTH LEADERSHIP PROGRAM WHICH HAS GIVEN MORE THAN 300 LEADERS ACROSS THE NATION THE OPPORTUNITY TO ADVANCE THEIR CAREERS INTO SENIOR EXECUTIVE AND C-SUITE ROLES. EXECUTIVE LEADERS EXCEL IN THEIR PROFESSIONS AND GROW THEIR CAREERS. GUIDED BY A RESEARCH-BASED CURRICULUM, PARTICIPANTS GO THROUGH EXTENSIVE COACHING AND PERSONAL DEVELOPMENT.DIGITAL MARKETPLACE FOR PURCHASING AND SUPPLIER ORGANIZATIONS: THE FOUNDATION HELPS INCREASE THE VISIBILITY OF MID-MARKET COMPANIES THAT ARE SEEKING TO OFFER CONTRACTING OPPORTUNITIES TO SMALL BUSINESS.ACE: ACCOUNTING FOR CHARLOTTE ENTREPRENEURS SUPPLEMENTS THE ONGOING NEED FOR ACCOUNTING, MARKETING AND LEGAL SERVICES, THE FOUNDATION WORKS IN PARTNERSHIP WITH ORGANIZATIONSWHICH PROVIDES SERVICES TO ENTREPRENEURS AND SMALL BUSINESS OWNERS.WELLNESS: THIS 6-MONTH PROGRAM SUPPORTS ENTREPRENEURS' WELL-BEING THROUGH FINANCIAL EDUCATION, RELAXATION WORKSHOPS, AND A COHORT EXPERIENCE WHERE PARTICIPANTS CAN BUILD A SELF CARE PLAN WITH ACCOUNTABILITY PARTNERS. CATCH YOUR BREATH IS DESIGNED TO COMBAT BURNOUT AND CHRONIC STRESS.REGIONAL TRANSPORTATION: PROVIDE GUIDANCE AND ENGAGEMENT WITH LOCAL LEADERS ON A REGIONAL COMPREHENSIVE TRANSPORTATION PLAN THAT WILL BE UNIFYING TO THE REGIONAL GOVERNMENTS OF CHARLOTTE AND MECKLENBURG COUNTY AND THE STATE TO ENHANCE THE GROWTH OF ALL BUSINESSES IN THE CHARLOTTE REGION.NC GRANT: NORTH CAROLINA STATE GRANT TO STUDY THE DOWNTOWN OFFICE CONVERSION AND POTENTIAL IMPACTS TO THE SMALL BUSINESS COMMUNITY. 880504 1029884 1319705 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 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 19 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X JOAQUIN SORIA 7043781324 330 SOUTH TRYON STREET CHARLOTTE NC 28202 KRISTERPHER SMITH DIRECTOR 1.00 X 0 0 0 BRYAN DELANEY DIRECTOR 1.00 X 0 0 0 REGINALD BEAN DIRECTOR 1.00 X 0 0 0 REGINALD HENDERSON DIRECTOR 1.00 X 0 0 0 CHERYL RICHARDS DIRECTOR 1.00 X 0 0 0 CHRISTOPHER MOXLEY CHAIRMAN 1.00 1.00 X X 0 0 0 NESHA PAI TREASURER 1.00 X X 0 0 0 JACK SANTANIELLO SECRETARY 1.00 X X 0 0 0 ANDREA SMITH NON-VOTING INTERIM PRESIDENT & CEO OF CRBA 1.00 40.00 X 0 0 0 NATHANIEL HOGAN PRESIDENT,CLT ALLIANCE FDT 40.00 1.00 X 0 221947 30508 TYWANDA BOLTON DIRECTOR OF SMALL BUSINESS AND ENTREPRENEURSHIP 1.00 40.00 X 0 158597 24195 0 380544 54703 0 0 1 0 0 1612972 1612972 35473 35473 1648445 0 0 35473 X 686470 536307 27552 122611 673369 605055 8195 60119 7260 4441 188 2631 52349 52349 64829 60271 67 4491 DUES 85911 85000 911 SUBSCRIPTIONS 16897 16700 197 COPIER 12228 12228 MISCELLANEOUS 4938 4132 806 7799 7799 1612050 1319705 36002 256343 1158593 1252776 17500 0 6445 0 51648 1176093 1310869 161529 262410 5000 2500 166529 264910 X 723857 759069 285707 286890 1009564 1045959 1176093 1310869 36395 0 X 0 1 X 1 0 X 146022 302692 634369 1735664 1612972 4431719 146022 302692 634369 1735664 1612972 4431719 1333130 3098589 1471 10013 35473 46957 4478676 0.69190 0.70920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1612050 1612050 230603 57651 0 0 22221 83024 214413 230603 550261 825392 0 5555 20756 53603 57651 137565 206348 0 X PART X, LINE 2: CLT ALLIANCE AND THE FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) AND SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). THEY ARE LIABLE FOR FEDERAL AND STATE TAXES ON ANY UNRELATED BUSINESS INCOME, AS DEFINED IN THE CODE. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. 0 0 0 0 0 0 0 0 0 NATHANIEL HOGAN PRESIDENT,CLT ALLIANCE FDT 0 202147 0 15000 0 4800 0 16977 0 13531 0 252455 0 0 TYWANDA BOLTON DIRECTOR OF SMALL BUSINESS AND ENTRE 0 152298 0 6299 0 0 0 12864 0 11331 0 182792 0 0 FORM 990, PART III, LINE 2 WELLNESS: THIS 6-MONTH PROGRAM SUPPORTS ENTREPRENEURS' WELL-BEING THROUGH FINANCIAL EDUCATION, RELAXATION WORKSHOPS, AND A COHORT EXPERIENCE WHERE PARTICIPANTS CAN BUILD A SELF CARE PLAN WITH ACCOUNTABILITY PARTNERS. CATCH YOUR BREATH IS DESIGNED TO COMBAT BURNOUT AND CHRONIC STRESS. REGIONAL TRANSPORTATION: PROVIDE GUIDANCE AND ENGAGEMENT WITH LOCAL LEADERS ON A REGIONAL COMPREHENSIVE TRANSPORTATION PLAN THAT WILL BE UNIFYING TO THE REGIONAL GOVERNMENTS OF CHARLOTTE AND MECKLENBURG COUNTY AND THE STATE TO ENHANCE THE GROWTH OF ALL BUSINESSES IN THE CHARLOTTE REGION. NC GRANT: NORTH CAROLINA STATE GRANT TO STUDY THE DOWNTOWN OFFICE CONVERSION AND POTENTIAL IMPACTS TO THE SMALL BUSINESS COMMUNITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ALLIANCE'S CFO AND CEO. THE FORM 990 IS NEXT REVIEWED BY THE FOUNDATION'S BOARD OF DIRECTORS. THE FORM 990 IS FILED AFTER THE BOARD OF DIRECTORS COMPLETES ITS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL, OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS A NON-PROFIT AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. WITH RESPECT TO ENFORCEMENT, EACH MEMBER HAS A DUTY TO DISCLOSE THE EXISTENCE OF A POSSIBLE CONFLICT OF INTEREST. ONCE A DISCLOSURE OF THE FACTS HAS BEEN MADE, THE PERSON WITH THE POTENTIAL CONFLICT MUST RECUSE THEMSELVES FROM THE MEETING. AT THIS POINT THE REMAINING MEMBERS SHALL VOTE ON WHETHER OR NOT AN ACTUAL CONFLICT EXISTS. IF IT IS DECIDED THAT A CONFLICT DOES EXIST, APPROPRIATE ACTIONS WILL BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 KEY PERSONNEL IN SUPPORT OF THE FOUNDATION ARE EMPLOYEES OF THE CHARLOTTE REGIONAL BUSINESS ALLIANCE ("THE ALLIANCE"), THE SUPPORTED ORGANIZATION, AND ARE SUBJECT TO COMPENSATION AND PERSONNEL POLICIES OF THE ALLIANCE. THE ALLIANCE CONSISTENTLY REVIEWS AND DOCUMENTS ITS COMPENSATION STRUCTURE TO ENSURE REASONABLENESS. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 605,055. MANAGEMENT AND GENERAL EXPENSES 8,195. FUNDRAISING EXPENSES 60,119. TOTAL EXPENSES 673,369. CHARLOTTE REGIONAL BUSINESS ALLIANCE PO BOX 20103 CHARLOTTE NC 28202 560173610 ECONOMIC DEVELOPMENT AND BUSINESS ADVOCACY NC 501(C)(6) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0