OUR MISSION IS TO FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES BY PROVIDING CAPITAL, BUSINESS SERVICES, AND POLICY RESEARCH TO SUPPORT SMALL BUSINESSES.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.
- Base
- $185k
- Bonus
- $27k
- Other
- —
- Benefits
- $11k
- Base
- $136k
- Bonus
- —
- Other
- —
- Benefits
- $11k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & 75th to 90th percentile | $185k | $27k | — | $11k | $234k $255k |
Chief Credit Officer (Unspecified) | $136k | — | — | $11k | $153k $167k |
CFO Median to 75th percentile | — | — | — | — | $142k $155k |
VP Business Vice President Median to 75th percentile | — | — | — | — | $130k $142k |
Business Sol Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $109k $119k |
Loan Portfol Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $109k $119k |
CFO 25th percentile to median | — | — | — | — | $96k $105k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 18 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at CAROLINA SMALL BUSINESS DEVELOPMENT FUND equaled 3% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 3%
from 2022
From $227k in 2022 to $234k in 2023.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 3% from 2022 to 2023, while revenue fell 24%.
- Chief Financial Officer pay fell 1% from 2022 to 2023.
- Vice President pay fell 4% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about CAROLINA SMALL BUSINESS DEVELOPMENT FUND
What does the Chief Executive Officer of CAROLINA SMALL BUSINESS DEVELOPMENT FUND earn?
In 2023, the Chief Executive Officer of CAROLINA SMALL BUSINESS DEVELOPMENT FUND received $233,501 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Public & Societal Benefit organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at CAROLINA SMALL BUSINESS DEVELOPMENT FUND compare with similar nonprofits?
Compared with the same role at Public & Societal Benefit organizations nationwide, the 2023 pay of the Chief Executive Officer at CAROLINA SMALL BUSINESS DEVELOPMENT FUND falls between the 75th and 90th percentiles. In 2023, the highest total compensation at CAROLINA SMALL BUSINESS DEVELOPMENT FUND equaled 3% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
What are CAROLINA SMALL BUSINESS DEVELOPMENT FUND's revenue and expenses?
In 2023, CAROLINA SMALL BUSINESS DEVELOPMENT FUND reported $8M in total revenue and $6.9M in total expenses on its IRS Form 990.
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