CAROLINA SMALL BUSINESS DEVELOPMENT FUND
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$39,156,291
Investments
57%
Cash & Equivalents
37%
Receivables (Non-Related)
5%
Other Assets
1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$22,126,442
Notes Payable / Debt (Non-Related)
92%
Custodial & Escrow Liabilities
4%
Other Liabilities
2%
Payables & Accruals
2%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$8,549,767
$14,312,227
+67%
Receivables (Non-Related)
$2,027,616
$2,153,209
+6%
Related-Party Receivables
-
$0
-
Inventories
-
-
-
Prepaid Expenses
$65,533
$101,948
+56%
Investments
$25,305,986
$22,135,652
-13%
Property, Plant, & Equipment (net)
$603,988
$7,037
-99%
Other Assets
-
$446,218
-
Total Assets
$36,552,890
$39,156,291
+7%
Liabilities
2024
2025
Change
Payables & Accruals
$324,838
$466,752
+44%
Grants Payable
-
-
-
Deferred Revenue
$393,812
$12,205
-97%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$1,270,935
$928,073
-27%
Notes Payable / Debt (Non-Related)
$17,285,333
$20,252,484
+17%
Related-Party Payables
-
$0
-
Other Liabilities
$613,540
$466,928
-24%
Total Liabilities
$19,888,458
$22,126,442
+11%
Net assets
2024
2025
Change
Restricted Net Assets
$1,374,831
$1,447,684
+5%
Unrestricted Net Assets
$15,289,601
$15,582,165
+2%
Net assets
2024
2025
Change
Net assets
+$16,664,432
+$17,029,849
+2%
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