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Carolina Small Business Development Fund

Public charityFed auditsIRS 990
DBA: FUND
Research & Policy · RALEIGH, NC · EIN 58-1903219

About

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

DBA Fund

Donations are tax-deductible
Category
Research & Policy
Employees
42
Volunteers

Financial Snapshot

FY ending 2023-06-30
Revenue
$10.5M
Expenses
$9.3M
Assets
$34.4M
Liabilities
$18.8M

Financial history

$10.5M$5.2M$0
181920212223
RevenueExpenses
Latest FY2023: $10.5M · Avg: $8.2M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$165K
Grants Given
$2.3M
CAROLINA SMALL BUSINESS DEVELOPMENT FUND
Your actions

Address

3128 Highwoods BLVD STE 170
Raleigh, NC, 27604-644

Governance

Voting board members16
Independent members16
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.