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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
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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.