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North Carolina · Public charity

Carolina Small Business Development Fund

Our mission is to foster economic development in underserved communities by providing capital, business services, and policy research to support small businesses.

$2.3M
Granted FY2023
88
Itemized grants FY2023
88
Organizations funded FY2023
100%
First-time grantees FY2023
Read the full brief
Itemized, FY2023
$2.2M
The rest is grants the schedule does not break out
Median grant, FY2023
$30,000
Largest grant, FY2023
$30,000
Organizations funded a year
1 to 122
FY2021 to FY2023
States reached, FY2023
1
Total assets, FY2023
$39M

How open it is to new grantees

In FY2023, 100% of the organizations Carolina Small Business Development Fund funded were first-time grantees, receiving 100% of its grant dollars.

New vs renewed · share of each year

In FY2023, 0% of grant dollars renewed an existing relationship; $2.2M went to new ones.

50%100%’22’23
RenewedFirst-time
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY202388$2.2M100%
FY20221$25k100%
FY2021122$1.0Mn/a
100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2021 to 2023.

Community Improvement$2.4MPhilanthropy$210kFood & Nutrition$145kHealth$91kHuman Services$75kArts & Culture$72kHousing & Shelter$58kEmployment$46kOther$0

Top grantees

Largest recipients by total granted, FY2021 to FY2023, and the share of each one’s budget the grants supplied at peak.

GranteeTotal grantedYearsShare of their budget
Piccola Italia Pizza and Restaurant$30,0001n/a
Players Retreat Inc$30,0001n/a
Knowledge Source Inc$30,0001n/a
The Green Monkey LLC$30,0001n/a
H & H Shoe Repair Inc$30,0001n/a
Nc Fit Capital LLC$30,0001n/a
Levridge Wellness Center PC$30,0001n/a
Clean Slate Credit and Tax Service$30,0001n/a
Buffalo Brothers Inc$30,0001n/a
Unique Batik Inc$30,0001n/a
Show all 210 grantees
All grantees of Carolina Small Business Development Fund by total granted
GranteeTotal grantedYearsShare of their budget
Piccola Italia Pizza and Restaurant$30,0001n/a
Players Retreat Inc$30,0001n/a
Knowledge Source Inc$30,0001n/a
The Green Monkey LLC$30,0001n/a
H & H Shoe Repair Inc$30,0001n/a
Nc Fit Capital LLC$30,0001n/a
Levridge Wellness Center PC$30,0001n/a
Clean Slate Credit and Tax Service$30,0001n/a
Buffalo Brothers Inc$30,0001n/a
Unique Batik Inc$30,0001n/a
Poshnosh Catering Inc Kaleidoscope$30,0001n/a
Lee Brothers Martial Arts Inc$30,0001n/a
Crank Arm Brewing Company$30,0001n/a
Champions Bars and More$30,0001n/a
Personally Fit Individualized Train$30,0001n/a
Vorbeck Hospitality Group LLC$30,0001n/a
Pranzo Group LLC$30,0001n/a
Bittersweet Coffee Inc$30,0001n/a
Method Marketing LLC$30,0001n/a
Track Out Kidz LLC$30,0001n/a
Alps Insights$30,0001n/a
Revolver Consignment Boutique$30,0001n/a
Paintmaster LLC$30,0001n/a
Creedmoor Cafe LLC$30,0001n/a
Sky Link Shuttle LLC$30,0001n/a
North Fourth Inc$30,0001n/a
Clyde Cooper's Barbecue$30,0001n/a
Blown Away Inc$30,0001n/a
Blount St Gourmands LLC$30,0001n/a
IV Hosptitality LLC$30,0001n/a
Fortune Cat LLC$30,0001n/a
Still You Hair Solutions$30,0001n/a
Globe Initiatives LLC$30,0001n/a
Melrose Knitting Inc$30,0001n/a
Acorn to Oak LLC$30,0001n/a
Limbionics of Raleigh Inc$30,0001n/a
Insurance Educational Systems Inc$30,0001n/a
Arrichion Inc$30,0001n/a
Forever Bridal Productions Ltd$30,0001n/a
North American Bocker Roofing and C$30,0001n/a
Parallel Partners LLC$30,0001n/a
Tremendous Ink Inc$30,0001n/a
Arrick and Associates Dds Pllc$30,0001n/a
C and R Guitars Inc$30,0001n/a
Centro Mexican Restaurant Inc$30,0001n/a
Tiny Wolf LLC$30,0001n/a
Raleigh Vintage LLC$30,0001n/a
Careerpro of Nc Inc$30,0001n/a
Locals LLC$30,0001n/a
Acupuncture Pain and Stress Center$30,0001n/a
Innovative Design Inc$30,0001n/a
Jmr Kitchens LLC$30,0001n/a
A's Initiative LLC$30,0001n/a
Carolina Spirits Inc$30,0001n/a
Master Chang's Tiger Den Martial Ar$30,0001n/a
Next Medical Design LLC$30,0001n/a
The Horse Farm LLC$30,0001n/a
Hair Insanity LLC$29,6051n/a
Beauty Empire$29,1091n/a
Care 1 Tax Services LLC$28,2141n/a
E1440 LLC$26,7871n/a
Tarheel Contracting Inc$25,0001n/a
Fatboys Kitchen LLC$23,1661n/a
Camille's Inc$22,2101n/a
Capital Courier & Logistics$21,3161n/a
Infinity Hundred Farms LLC$18,5221n/a
Talk of the Town Hair Salon LLC$18,4651n/a
B Enhanced Beauty$17,1561n/a
Urban Ink Society LLC$16,7001n/a
Reid & Company LLC$16,6641n/a
Esteban Buch Sir$16,0001n/a
Radiant Image Inc$15,4331n/a
Nexxt Level Training$14,6091n/a
The Heights Dominican Kitchen$14,0021n/a
Platinum Plus Barbershop LLC$12,2841n/a
The Duchess of Brows LLC$12,1991n/a
Schatzi's Design Gallery & Day Spa$11,9801n/a
Oriental Pintles & Gudgeons LLC$11,9001n/a
Kimberly B's Studio Salon LLC$11,2251n/a
Reel Wireless Inc$10,7001n/a
Trenton Auto Parts$10,7001n/a
Coles Chiropractic Center Pllc$10,6851n/a
Clarence Lynch$10,5911n/a
Crumb Construction LLC$10,4031n/a
Global Hauling LLC$10,4011n/a
Yotaron Enrichment Resource Center$10,3801n/a
Upkeeper Services Inc$10,3581n/a
Optimumview Enterprises LLC$10,3261n/a
Sa Core LLC$10,0001n/a
Brittany Futrell$10,0001n/a
Royal Cheesecake & Varieties$10,0001n/a
Leslie Williams Realty Group Inv$10,0001n/a
Moniclectic LLC$10,0001n/a
Kd7 Enterprises Inc$10,0001n/a
Baddie Recordings LLC$10,0001n/a
Gamms Unlimited LLC$10,0001n/a
A Blooming Beauty$10,0001n/a
Zara Group Inc$10,0001n/a
Weddings Made to Order$10,0001n/a
Williams Brunson Solutions LLC$10,0001n/a
Zakti Health Solutions LLC$10,0001n/a
Cable Paradise Park LLC$9,9071n/a
Plane Connection LLC$9,8451n/a
Falcon Dyeing & Finishing LLC$9,7721n/a
Dawnsha's Loving Childcare Center$9,5651n/a
Mitchell's Memorial Funeral Home Ll$9,3481n/a
Val's Pub & Grill LLC$9,2001n/a
Hawk Sauce Co LLC$8,7921n/a
Ee & E Properties$8,7811n/a
Xpcs LLC$8,5821n/a
Phenom Trucking LLC$8,0001n/a
Freeway Logisticsllc$8,0001n/a
King of Kings Painting Inc$8,0001n/a
Fight Sports Charlotte LLC$8,0001n/a
Fondu Fundraising LLC$8,0001n/a
Big Dog Towing$8,0001n/a
Sunbird Window Cleaning LLC$8,0001n/a
Energy Dance Complex$8,0001n/a
Ed Electronics Service LLC$8,0001n/a
Queen City Endeavors Dba Popbar$8,0001n/a
Long Strokes for Different Folks$8,0001n/a
Gracie Sturdivant Care Homes$8,0001n/a
Stealthenomics LLC$8,0001n/a
First Class Preparatory School LLC$8,0001n/a
Twitch Bar & Grill LLC$8,0001n/a
Green River Forest Products and Ser$8,0001n/a
Care 2 U Medical Services Pllc$8,0001n/a
36 Chambers Martial Arts & Fitness$8,0001n/a
Family Funeral Home and Cremation S$8,0001n/a
West Counseling Pllc$8,0001n/a
Bgc Ventures LLC$8,0001n/a
Genesis Concrete LLC$8,0001n/a
Mold Free Nc LLC$8,0001n/a
A Step Above Cleaning Service LLC$8,0001n/a
Chios Rotisserieinc$8,0001n/a
Equiinternational Inc$8,0001n/a
Copper Door Cafes LLC$8,0001n/a
Hosco LLC$8,0001n/a
F-T Truckingllc$8,0001n/a
Keep Spinning Studios LLC$8,0001n/a
Surf City Beach Donuts Inc$8,0001n/a
Cafe Frutta Fresca Gelato LLC$8,0001n/a
Multi Servicios Inc$8,0001n/a
Tbm Smallcakes Inc$8,0001n/a
Logistics Healthcare Management$8,0001n/a
Stratcon Contracting Corp$8,0001n/a
En Route Carting LLC$8,0001n/a
Triangle Driving School$8,0001n/a
Cs Plumbing Inc$8,0001n/a
Ballantyne School of Music LLC$8,0001n/a
Cbk of Nc Inc$8,0001n/a
The Morning Jump LLC$8,0001n/a
Souljah's Spa & Nails LLC$8,0001n/a
Owens Transmission Clinic Inc$8,0001n/a
Waycaster Tire Service Inc$8,0001n/a
Beard International LLC$8,0001n/a
919 Island Cuisine Inc$8,0001n/a
Latino Rental Party LLC$8,0001n/a
Get Craftea LLC$8,0001n/a
Kimbees Inc$8,0001n/a
Murrayville Donuts Inc$8,0001n/a
Stavis Sandwiches LLC$8,0001n/a
Qualia Data Solutions LLC$8,0001n/a
Crazy House Brewing LLC$8,0001n/a
Breakaway Cafe LLC$8,0001n/a
Street Spice$8,0001n/a
Mountain Food Truck$8,0001n/a
Sativarg Inc$8,0001n/a
Currie Chain Saw Inc$8,0001n/a
Lisandra's Creative Hands$8,0001n/a
The Pines Country Inn$8,0001n/a
Edmund L Washington Enterprises Dba$8,0001n/a
Forever Green of the Carolinas Inc$8,0001n/a
Grace Federal Solutions LLC$8,0001n/a
Latin American Food Products Inc$8,0001n/a
New Dawn Enteprrises LLC$8,0001n/a
Incubus Corp$8,0001n/a
A1 Sharper Image Truckin LLC$8,0001n/a
Infinity Care LLC$8,0001n/a
Smallcakes Hickory Corporation$8,0001n/a
The Yoga Bridge LLC$8,0001n/a
Andre Devonn Martin$8,0001n/a
Mary Hyman$8,0001n/a
Citrus Cans LLC$8,0001n/a
Sneads Ferry Foods Inc$8,0001n/a
Iris Coffee Lab and Cafe$8,0001n/a
The Staffing Alliance LLC$8,0001n/a
Gbh Flowers Events Inc$8,0001n/a
Market Solutions Group$8,0001n/a
Docterra Mobile Veterinary Services$8,0001n/a
Douglas R Harris Inc$8,0001n/a
Asheville Rooftop Bar Tours LLC$8,0001n/a
Gert's Bakery LLC$8,0001n/a
Tracy Smith$8,0001n/a
The Carthens Law Firm Pllc$8,0001n/a
Elevate Mma Academy LLC$8,0001n/a
Himalayan Hideaway Salt Cave$8,0001n/a
J&R Hauling Trucking LLC$8,0001n/a
Arrowhead Industries Inc$8,0001n/a
To the Top Trucking$8,0001n/a
M2m Salon Durham$8,0001n/a
Amelioron Corporation$8,0001n/a
Finishes Solutions LLC$8,0001n/a
Hampstead Donuts Inc$8,0001n/a
Nick & Mike Bar and Grill$8,0001n/a
Elias Logistics LLC$8,0001n/a
Locus Family Centered Therapies Pl$8,0001n/a
Front Line Fitness LLC$8,0001n/a
Luis Moreno Silva$8,0001n/a
Mama's Minimart$6,8191n/a

Plus 1 recipient with no EIN on record ($8k), not named here.

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About Carolina Small Business Development Fund

How much does Carolina Small Business Development Fund give?
Carolina Small Business Development Fund reported 88 itemized grants totaling $2,189,646, out of $2,254,645 in total grant expense reported on the return in its FY2023 IRS filing. It funded between 1 and 122 organizations a year over FY2021 to FY2023.
What does Carolina Small Business Development Fund fund?
By grant dollars over FY2021 to FY2023, its largest causes are Community Improvement (73%), Philanthropy (6%), Food & Nutrition (4%).
Who are Carolina Small Business Development Fund's largest grantees?
By total granted over FY2021 to FY2023: Piccola Italia Pizza and Restaurant ($30k), Players Retreat Inc ($30k), Knowledge Source Inc ($30k).
Does Carolina Small Business Development Fund fund new organizations?
In FY2023, 100% of the organizations it funded were first-time grantees.
Where is Carolina Small Business Development Fund based?
Carolina Small Business Development Fund is based in NC.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 211 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2023, released 2023. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Possibly out of date. A more recent filing (FY2025) is on record and reports $35k of grant expense, but none of it to a named recipient. On a Form 990 that can mean grants abroad, filed by region only (Schedule F), grants under $5,000, which are not itemized, or a schedule referenced as an attachment the e-file does not carry. The figures above are therefore from FY2023, the most recent year this funder named its grantees.

Source object · view filing

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