NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC

NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC

Durham, NC, US
501(c)3
EIN
56-2142717

NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC

Durham, NC, US
501(c)3
EIN
56-2142717

Overview

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Est.

1999

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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North Carolina Community Development Initiative Capital Inc is a statewide public-private partnership dedicated to enhancing economic development and community improvement in North Carolina. With an operating budget of $2.4 million and total revenue of $3.3 million for the 2024 filing year, the organization provides leadership and capital investment to high-performance community development corporations and social enterprises aimed at improving the well-being and quality of life for individuals in low-resource communities. The organization does not rely on a single funder for 50% or more of its revenue. For more information, visit www.theinstitute.org/icap.

Mission Statement

NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL, INC. IS A STATEWIDE PUBLIC-PRIVATE PARTNERSHIP THAT PROVIDES LEADERSHIP AND CAPITAL INVESTMENT TO HIGH-PERFORMANCE COMMUNITY DEVELOPMENT CORPORATIONS (CDC'S) AS WELL AS OTHER COMMUNITY BASED ECONOMIC DEVELOPMENT ENDEAVORS, (I.E. SOCIAL ENTERPRISES) TO IMPROVE THE WELL BEING AND QUALITY OF LIFE FOR PEOPLE IN LOW RESOURCE COMMUNITIES.
Revenues

$3.3M

Expenses

$2.5M

Net Income:
+$813.4K
Assets

$41.3M

Liabilities

$32.6M

Net Assets:
+$8.7M
Operating Budget

$2.4M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

1

Median grant size
$126.3K
Largest grant received
$126.3K
K
Kevin J Price
Board Member
T
Tyrone Baines PHD
Board Member
L
Lewis H Myers
Board Member

Frequently Asked Questions

What is NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC’s budget?
In 2024, NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC reported an annual operating budget of around $2.4 million. More detailed financial information is available to registered users.
What causes does NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC support?
NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC supports work in Community improvement and Economic development.
Where does NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC operate?
NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC is headquartered in Durham, NC.
Who funded NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC recently?
In 2024, NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC received grants from THE ASPEN INSTITUTE INC, RURAL ECONOMIC DEVELOPMENT CENTER INC, and DOGWOOD HEALTH TRUST. More information on this organization’s funders is available to registered users.
What is the largest grant NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC received in 2024?
The largest grant to NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC in 2024 exceeds $126 thousand.
Overview
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