Mission
Carolina Small Business Development Fund is a statewide, 501(c)(3) nonprofit Community Development Financial Institution that provides capital, technical assistance, and policy research to support small businesses in North Carolina. They aim for economic opportunity for all, with specific focus on underserved communities.
Basic Information
Tax-Exempt
Founded in
1990
EIN
58-1903219
Total Assets
$42.82 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
Showing 3 of 5 goals
At a Glance
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Programa Empresarial Latino
Bilingual business assistance for Latino entrepreneurs including access to capital and technical support.
Western Women's Business Center
Utilizes the U.S. Small Business Administration resources to assist women and minority entrepreneurs.
Vivid Digital Classroom
Offers free online courses designed to aid small business owners in starting and growing their ventures.
Impact Stats
1,236
Total Loans
Loans Provided
CSBDF has provided a significant amount of financing to small businesses.
1,791
Total Grants
Grants Given
CSBDF has granted funds to support various small business initiatives.
Thousands
Jobs Saved
Economic Impact
CSBDF has saved thousands of jobs through its programs.
Past Events
WWBC 10th Anniversary Gala
May 16, 2024
Celebration of the 10th Anniversary of the Western Women's Business Center.
Black Entrepreneurship Night
February 29, 2024
Celebration of Black entrepreneurs and their contributions.
Small Business Awards
May 31, 2023
Recognition of achievements and contributions of small businesses.
Upcoming Events
Hispanic Heritage Month Celebration
October 1, 2024
Gathering to celebrate Hispanic entrepreneurship in North Carolina.
Learn MoreOur Programs
Business Solutions
One-on-one coaching and assistance for existing and emerging businesses.
Learn MoreDigital Learning Academy
Accessible online courses and resources for small business growth.
Learn MoreTestimonials
"Carolina Small Business Development Fund trusted me and helped me achieve my dream of having my own business. Four years later, they continue to trust me since I was approved to receive another loan to expand my business and buy new machinery."
Martin Morales
Client
Impact Reports
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
67
38
/100
Program Expense Ratio
82.23%
14
/20
Program Revenue Growth
-21.63%
2
/20
Leverage Ratio
0.6622
6
/20
Working Capital Ratio
2.306
14
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2021
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 4.107M | 64.00% |
| Program Services | 2.244M | 34.97% |
| Investment Income | 10.89K | 0.17% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 70 | 0.00% |
| Total Revenue | 6.417M | 100.00% |
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