CAROLINA SMALL BUSINESS DEVELOPMENT FUND Charity Report

Public IRS 990 nonprofit record

CAROLINA SMALL BUSINESS DEVELOPMENT FUND

EIN 58-1903219 · Public & Societal Benefit (W610)

What they do

OUR MISSION is to FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES BY PROVIDING CAPITAL, BUSINESS SERVICES, and POLICY RESEARCH to SUPPORT SMALL BUSINESSES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

77.78%of revenue went to mission work81.6% of expenses · Program services

$95.37spent for every $100 of revenueRevenue covered expenses this year.

17.59%of revenue went to management and office costs18.4% of expenses

$5.20in assets for every $1 spent this yearSome assets cannot be spent right away.

63.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $233,665 for KEVIN DICK (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$7,889,556

Mission workProgram services$6,136,44877.78% of revenue81.6% of expenses

ManagementOffice and general costs$1,387,69117.59% of revenue18.4% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$365,4174.63% of revenueShown in gray on the chart

Total expenses$7,524,13995.37% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 81.6% mission · 18.4% management · 0.0% fundraisingTotal expenses: 95.37% of revenue

2023Expense mix: 80.3% mission · 19.7% management · 0.0% fundraisingTotal expenses: 86.81% of revenue

2022Expense mix: 83.7% mission · 16.3% management · 0.0% fundraisingTotal expenses: 89.05% of revenue

2021Expense mix: 82.2% mission · 17.8% management · 0.0% fundraisingTotal expenses: 97.73% of revenue

2020Expense mix: 84.8% mission · 15.2% management · 0.0% fundraisingTotal expenses: 89.81% of revenue

2019Expense mix: 81.0% mission · 19.0% management · 0.0% fundraisingTotal expenses: 122.59% of revenue

2018Expense mix: 83.1% mission · 16.9% management · 0.0% fundraisingTotal expenses: 90.90% of revenue

2017Expense mix: 82.4% mission · 17.6% management · 0.0% fundraisingTotal expenses: 103.11% of revenue

Money in and money out

Revenue$7,889,556

Expenses$7,524,139

Annual surplus $365,417 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,136,448 · 81.6% of expenses

Management and office costs$1,387,691 · 18.4% of expenses

See all reported dollar amounts

Revenue$7,889,556

Expenses$7,524,139

Assets$39,156,291

Income$7,963,302

Contributions$5,042,240

Mission work (program services)$6,136,448

Grants given$3,237,701

Average grant$15,272

Management and general$1,387,691

Executive compensation (total)$500,107

Accounting fees$148,376

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KEVIN DICKPRESIDENT & CEO · 40 hrs/week $233,665Base $212,094 · Other $21,571

MARK ROYSTER JRSENIOR VP, CHIEF CREDIT OFFICER · 40 hrs/week $164,765Base $146,911 · Other $17,854

LORI DIAZVP, BUSINESS SOLUTIONS · 40 hrs/week $130,751Base $114,154 · Other $16,597

MERYL OLSONVP, CHIEF FINANCIAL OFFICER · 40 hrs/week $126,757Base $113,153 · Other $13,604

SURILMA ANUELWESTERN WOMENS DIRECTOR · 40 hrs/week $117,262Base $101,943 · Other $15,319

REGINOLD JONESBUSINESS SOLUTIONS DIRECTOR · 40 hrs/week $114,281Base $108,018 · Other $6,263

LINDSEY BRENT ALLISONLOAN PORTFOLIO DIRECTOR · 40 hrs/week $112,331Base $106,018 · Other $6,313

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

KEVIN DICKPRESIDENT & CEO

MARK ROYSTER JRSENIOR VP, CHIEF CREDIT OFFICER

LORI DIAZVP, BUSINESS SOLUTIONS

MERYL OLSONVP, CHIEF FINANCIAL OFFICER

SURILMA ANUELWESTERN WOMENS DIRECTOR

REGINOLD JONESBUSINESS SOLUTIONS DIRECTOR

LINDSEY BRENT ALLISONLOAN PORTFOLIO DIRECTOR

MERRILL FLOODBOARD MEMBER

TONYA PORTISBOARD MEMBER

TIFFANY MCNEILLSECRETARY

STEPHEN DILLEBOARD MEMBER

SEDRICK MCCALLUMBOARD MEMBER

RODRICK BANKSASST SECRETARY/TREASURER

ROBYN LAKE HAMILTONBOARD MEMBER

RAYMOND CHINNBOARD MEMBER

RANDALL CHANNING JONESBOARD MEMBER

PILAR ROCHA-GOLDBERGBOARD MEMBER

BOBBY ROBINSONVICE CHAIR

LORI OKEEKEBOARD MEMBER

LESLIE PERSONBOARD MEMBER

LARRY GARCIABOARD MEMBER

KIM CAMERONBOARD MEMBER

JEFF MARSHALLTREASURER

HUNTLEY GARRIOTCHAIR

DR JOSEPH FOXBOARD MEMBER

BRIAN HEDGESBOARD MEMBER

About this charity

Recognized since: January 1990
Location: 3128 HIGHWOODS BLVD 170, RALEIGH, NC 27604
County: Wake
In care of: Kevin Dick
Primary officer: Kevin Dick, President & CEO

How to reach them

WebsiteVisit the charity’s website Emailprogram.intake@usda.gov Phone(919) 803-1437

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: MAULDIN & JENKINS LLC
NTEE classification: Public & Societal Benefit (W610)
IRS tax category: Other Management Consulting Services
Grant-giving organization: Yes