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. 24 publicly reported grants to this organization, totaling roughly $3.2M, appear in IRS filings.
EIN: 581903219
RALEIGH, NC
Credit Unions
NTEE: W61
Latest filing: 2025
Total Revenue$7.9M
Total Expenses$7.5M
Total Assets$39.2M
Grant Records24
Funding Total$3.2M
Filing Years2021–2025
Where $100 goes at Carolina Small Business Development Fund
How Carolina Small Business Development Fund divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$83
Programs
the work itself
$17
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $83 for programs
$83
Carolina Small Business Development Fund is a certified community development financial institution (cdfi)
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
CAROLINA SMALL BUSINESS DEVELOPMENT FUND RECEIVED $300,000 FOR THE WESTERN WOMEN'S SMALL BUSINESS CENTER FROM THE TRUIST FOUNDATION WESTERN NORTH CAROLINA RECOVERY AND RESILIENCY FUND IN SUPPORT OF THEIR "HELENE RELIEF AND RECOVERY PROGRAM" PROVIDING SERVICES FOR SMALL BUSINESS RECOVERY ACROSS MULTIPLE COUNTIES IN WESTERN NORTH CAROLINA.
$300,000
SMALL BUSINESS
$80,000
PUBLIC, SOCIETAL BENEFIT
$50,000
CDFI CAPACITY BUILDING PROGRAM GRANTS
$400,000
FINANCE JUSTICE FUND SUBGRANT
$100,000
Showing up to 5 of 24 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.