Nonprofit · EIN 58-1480391
CAROLINA BUSINESS CAPITAL
Tax-exempt · CHARLOTTE, NC 28208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,477,742 | $995,621 | $482,121 | $6,241,693 | $369,354 | $5,872,339 |
| September 30, 2024 | 990 | $1,023,938 | $918,021 | $105,917 | $5,425,928 | $201,352 | $5,224,576 |
| September 30, 2023 | 990 | $647,224 | $754,757 | -$107,533 | $4,500,678 | $102,155 | $4,398,523 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,137,448
- Investment income
- $340,294
- Net gain from sales of assets
- $261,834
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $221,241
- Other salaries and wages
- $272,028
- Salaries, compensation and benefits (total)
- $589,434
- Professional fundraising fees
- $0
- Accounting fees
- $10,692
- Occupancy
- $26,054
- Travel
- $33,218
- Depreciation
- $8,753
- Program services (functional)
- $910,276
- Management and general (functional)
- $85,345
Balance sheet and other
- Total assets, start of year
- $5,425,928
- Total assets, end of year
- $6,241,693
- Total liabilities, end of year
- $369,354
- Net assets, end of year
- $5,872,339
- Land, buildings and equipment
- $296,058
- Publicly traded securities
- $4,418,253
- Net assets without donor restrictions
- $5,872,339
- Gross receipts
- $2,771,168
- Employees
- 6
- Year formed
- 1982
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC L DIXON | PRESIDENT Officer | 40 | $185,000 | $36,241 |
| R JOSEPH JACKSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BENJAMIN SHARPE | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $0 |
| ROB SHELL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD PAPPAS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JIMMY MOLINA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC SOWERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN BOYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG SUTHERLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM STEWART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSSELL PRICE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD MCMILLIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK MORENO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEIL HOLLIFIELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE DELEON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC L DIXON | PRESIDENT Officer | 40 | $183,654 | $13,289 |
| ERIC SOWERS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| RICHARD ROBERTSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JIMMY MOLINA | DIRECTOR Trustee or director | 0 | $0 | $0 |
| NEIL HOLLIFIELD | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BRAD MCMILLAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ADAM STEWART | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DOUG SUTHERLAND | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ROB SHELL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DAN BOYD | DIRECTOR Trustee or director | 0 | $0 | $0 |
| RICHARD PAPPAS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BEN SHARPE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| RUSTY PRICE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JOE JACKSON | CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| TIM CARSWELL | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
990 for the year ended September 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC L DIXON | PRESIDENT Officer | 40 | $153,231 | $12,005 |
| RICHARD ROBERTSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DOUG SUTHERLAND | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ERIC SOWERS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BRAD MCMILLAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ADAM STEWART | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JIMMY MOLINA | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ROB SHELL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DAN BOYD | DIRECTOR Trustee or director | 0 | $0 | $0 |
| RICHARD PAPPAS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BEN SHARPE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| RUSTY PRICE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JOE JACKSON | CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| TIM CARSWELL | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1307 W MOREHEAD ST STE 201, CHARLOTTE, NC 28208-5276
- Principal officer (990 for 2024)
- ERIC L DIXON, 1307 W MOREHEAD ST, CHARLOTTE, NC 28208
- Signed the 990
- ERIC L DIXON, PRESIDENT
- Phone
- (704) 373-1233
- Website
- WWW.CBC504.COM
- Return prepared by
- SCOTT AND COMPANY LLC
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.
Program accomplishments
- 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.Expenses $910,276 · revenue $1,137,448
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 58-1480391
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S430)
- Assets (IRS master file)
- $6,241,693
- Income (IRS master file)
- $2,771,168
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,477,742 | $995,621 | $6,241,693 | IRS |
| 990 | September 2024 | $1,023,938 | $918,021 | $5,425,928 | IRS |
| 990 | September 2023 | $647,224 | $754,757 | $4,500,678 | XML |
| 990 | September 2022 | $691,747 | $550,254 | $4,164,903 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1480391).
Questions about CAROLINA BUSINESS CAPITAL
- What is the EIN of CAROLINA BUSINESS CAPITAL?
- The employer identification number (EIN) of CAROLINA BUSINESS CAPITAL is 58-1480391.
- Is CAROLINA BUSINESS CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to CAROLINA BUSINESS CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROLINA BUSINESS CAPITAL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAROLINA BUSINESS CAPITAL due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAROLINA BUSINESS CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of CAROLINA BUSINESS CAPITAL?
- The 990 for the year ended September 30, 2025 names ERIC L DIXON.
- Who are the officers and directors of CAROLINA BUSINESS CAPITAL?
- The 990 for the year ended September 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $185,000 (ERIC L DIXON, PRESIDENT).
- How much revenue does CAROLINA BUSINESS CAPITAL have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,477,742, expenses of $995,621 and total assets of $6,241,693 at year end.
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