NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC (EIN 56-2142717)

Overview

Est.

1999

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

AI Summary

NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL INC is a North Carolina-focused public-private partnership advancing economic development and community improvement by providing leadership and capital investment to high-performing community development corporations and other community-based economic development efforts, including social enterprises, to improve conditions in low-resource communities. In filing year 2024, it reported $3.3M in total revenue and a $2.4M operating budget, with funding concentrated among NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE INC, RURAL ECONOMIC DEVELOPMENT CENTER INC, The Golden LEAF Inc, THE ASPEN INSTITUTE INC, and DOGWOOD HEALTH TRUST; no single listed funder accounted for 50% or more of revenue.

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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.

Cause Areas

Community improvement

Economic development

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Financials

2024

Revenues

$3.3M

Expenses

$2.5M

Net Income:

+$813.4K

Assets

$41.3M

Liabilities

$32.6M

Net Assets:

+$8.7M

Financial Trends

2024

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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Top Funders

Funder

Total Funding

Funding Share

NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE INC

Durham, NC, US

$3M

77%

RURAL ECONOMIC DEVELOPMENT CENTER INC

Grants Received

2024

Total No. of Grants

Median grant size

$126.3K

Largest grant received

$126.3K

Board & Team

Kevin J Price

Board Member

Lewis H Myers

Board Member

Tyrone Baines PHD

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.