Mission
OUR MISSION IS TO FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES BY PROVIDING CAPITAL, BUSINESS SERVICES, AND POLICY RESEARCH TO SUPPORT SMALL BUSINESSES.
Public Charity
Carolina Small Business Development Fund
Carolina Small Business Development Fund, of RALEIGH, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $7.9M in revenue, $7.5M in expenses, $39.2M in total assets. 23 publicly reported grants to this organization, totaling roughly $2.9M, appear in IRS filings.
EIN: 581903219
RALEIGH, NC
Latest filing: 2025
Total Revenue$7.9M
Total Expenses$7.5M
Total Assets$39.2M
Grant Records23
Funding Total$2.9M
Filing Years2021–2025
Sample Grants Received
SMALL BUSINESS
$80,000
PUBLIC, SOCIETAL BENEFIT
$50,000
CDFI CAPACITY BUILDING PROGRAM GRANTS
$400,000
FINANCE JUSTICE FUND SUBGRANT
$100,000
SMALL BUSINESS
$15,000
Showing up to 5 of 23 total records — full history available with membership.
Officers & Directors
Vice Chair
Bobby Robinson
Board Member
Brian Hedges
Board Member
Dr Joseph Fox
Chair
Huntley Garriot
Treasurer
Jeff Marshall
President & CEO
Kevin Dick
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $7.9M | $7.5M | $39.2M |
| 2024 | $8.0M | $6.9M | $36.6M |
| 2023 | $10.5M | $9.3M | $34.4M |
| 2022 | $6.4M | $6.3M | $42.8M |
| 2021 | $8.0M | $7.2M | $38.7M |
Between 2021 and 2025, reported annual revenue held roughly steady at around $7.9M, with total assets most recently reported at $39.2M.
Interactive year-over-year charts and full filing details available with membership.