CAROLINA SMALL BUSINESS DEVELOPMENT FUND
AI Summary
CAROLINA SMALL BUSINESS DEVELOPMENT FUND is a nonprofit focused on economic development and credit unions, with a mission to foster economic development in underserved communities by providing capital, business services, and policy research to support small businesses. In filing year 2025, it reported a $7.5M operating budget and $7.9M in total revenue, with major support from The Golden LEAF Inc, Wells Fargo Foundation, and DOGWOOD HEALTH TRUST.
Mission Statement
OUR MISSION IS TO FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES BY PROVIDING CAPITAL, BUSINESS SERVICES, AND POLICY RESEARCH TO SUPPORT SMALL BUSINESSES.
Cause Areas
2
Economic development
Credit unions
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Explore this org's ecosystem
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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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- 29 funders
- 80 board & team members
- 12 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is CAROLINA SMALL BUSINESS DEVELOPMENT FUND’s budget?
In 2025, CAROLINA SMALL BUSINESS DEVELOPMENT FUND reported an annual operating budget of around $7.5 million. More detailed financial information is available to registered users.
What causes does CAROLINA SMALL BUSINESS DEVELOPMENT FUND support?
CAROLINA SMALL BUSINESS DEVELOPMENT FUND supports work in Economic development and Credit unions.
Where does CAROLINA SMALL BUSINESS DEVELOPMENT FUND operate?
CAROLINA SMALL BUSINESS DEVELOPMENT FUND is headquartered in Raleigh, NC.
Who funded CAROLINA SMALL BUSINESS DEVELOPMENT FUND recently?
In 2024, CAROLINA SMALL BUSINESS DEVELOPMENT FUND received grants from RURAL ECONOMIC DEVELOPMENT CENTER INC, DOGWOOD HEALTH TRUST, and NATIONAL ASSOCIATION FOR LATINO COMMUNITY ASSET BUILDERS. More information on this organization’s funders is available to registered users.
What is the largest grant CAROLINA SMALL BUSINESS DEVELOPMENT FUND received in 2024?
The largest grant to CAROLINA SMALL BUSINESS DEVELOPMENT FUND in 2024 exceeds $400 thousand.
What is CAROLINA SMALL BUSINESS DEVELOPMENT FUND’s reliance on government grants?
CAROLINA SMALL BUSINESS DEVELOPMENT FUND relied on government grants for more than 60% of their total revenue in 2025.