Carolina Business Capital
Carolina Business Capital
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About this organization
Mission
CBC is a nonprofit, non-stock corporation whose purpose is to promote economic growth and development of small businesses in North Carolina through the origination and servicing of SBA loans.
About
CBC is a certified development company as designated by the U.S. Small Business Administration. CBC has participated exclusively in the SBA 504 and 503 programs.
Interesting data from their 2020 990 filing
The purpose of the non-profit is stated in the filing as “Cbc is a nonprofit, non-stock corporation whose purpose is to promote economic growth and development of small businesses in north carolina through the origination and servicing of sba loans.”.
Their activities were defined as: “Cbc is a nonprofit, non-stock corporation whose purpose is to promote economic growth and development of small businesses in north carolina through the origination and servicing of sba loans.”.
- As per legal requirements, the non-profit's state of operation is reported as NC.
- The non-profit's address in 2020 as per the filing is 1307 W MOREHEAD ST SUITE 201, CHARLOTTE, NC, 28208.
- The form of the non-profit organization shows 3 employees as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $55,874.
- The CEO's salary policy within the organization is not determined through a review and approval by an independent source.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 10 independent voting members.
- The organization was formed in 1982.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $330,769 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.