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Nonprofiteer
← CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION

Form 990 for tax year 2024

Filed by CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION.

Totals

Total revenue
$1,648,445
Total expenses
$1,612,050
Contributions and grants received
$1,612,972
Grants paid
$0
Program service revenue
$0
Investment income
$35,473
Other revenue
$0
Total assets, end of year
$1,310,869
Total liabilities, end of year
$264,910
Net assets or fund balances, end of year
$1,045,959
Program services expenses (Part IX)
$1,319,705
Management and general expenses
$36,002
Fundraising expenses
$256,343
Program service expenses (Part III)
$1,319,705

Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,612,972

  • 3 · Investment income

    total $35,473 · excluded $35,473

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $686,470 · program services $536,307 · management and general $27,552 · fundraising $122,611

  • 11g · Fees: other

    total $673,369 · program services $605,055 · management and general $8,195 · fundraising $60,119

  • 13 · Office expenses

    total $7,260 · program services $4,441 · management and general $188 · fundraising $2,631

  • 16 · Occupancy

    total $52,349 · fundraising $52,349

  • 17 · Travel

    total $64,829 · program services $60,271 · management and general $67 · fundraising $4,491

  • 24a · Other expenses: DUES

    total $85,911 · program services $85,000 · fundraising $911

  • 24b · Other expenses: SUBSCRIPTIONS

    total $16,897 · program services $16,700 · fundraising $197

  • 24c · Other expenses: COPIER

    total $12,228 · fundraising $12,228

  • 24d · Other expenses: MISCELLANEOUS

    total $4,938 · program services $4,132 · fundraising $806

  • 24e · All other expenses

    total $7,799 · program services $7,799

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,158,593 · end of year $1,252,776

  • 4 · Accounts receivable

    beginning of year $17,500 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $6,445

  • 15 · Other assets

    beginning of year $0 · end of year $51,648

  • 17 · Accounts payable and accrued expenses

    beginning of year $161,529 · end of year $262,410

  • 19 · Deferred revenue

    beginning of year $5,000 · end of year $2,500

  • 27 · Net assets without donor restrictions

    beginning of year $723,857 · end of year $759,069

  • 28 · Net assets with donor restrictions

    beginning of year $285,707 · end of year $286,890

Mission and programs · 2024

Mission

SMALL BUSINESSES AND BUSINESS LEADERS THRIVE.

Activities or mission (Part I)

TO CATALYZE TRANSFORMATIVE GROWTH IN THE CHARLOTTE REGION WHERE DYNAMIC (CONT'D ON PAGE 2)

  • CHARLOTTE SMALL BUSINESS GROWTH FUND IS AN INNOVATIVE FUND FOCUSED ON GIVING SMALL BUSINESSES-INCLUDING THOSE THAT MAY NOT QUALIFY FOR FUNDING ELSEWHERE-ACCESS TO CAPITAL AT COMPETITIVE RATES. FUNDING FLOWS THROUGH MISSION BASED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS THAT STAY ENGAGED THROUGHOUT THE LIFE OF THE LOAN, PROVIDING COACHING, MENTORING, ACCELERATORS AND OTHER SUPPORTIVE SERVICES.

    Expenses $108,413 · Revenue $219,954

  • RISE (REGIONAL INNOVATION AND SUPPORT FOR ENTREPRENEURS) IS AN INNOVATIVE ARTIFICIAL INTELLIGENCE POWERED TECHNOLOGY PLATFORM THAT HELPS ENTREPRENEURS NAVIGATE RESOUCES AVAILABLE TO START, RUN AND GROW BUSINESSES. HIGHLIGHTING THE ABUNDANCE OF RESOURCES AVAILABLE TO ENTREPRENEURS, IN A SINGLE PLATFORM, WHILE KEEPING THOSE RESOURCES PERPETUALLY UP TO DATE, SAVES ENTREPRENEURS PRECIOUS TIME, ALLOWING THEM TO FOCUS ON THE FUNDAMENTAL OF GROWING THEIR BUSINESSES. THE PLATFORM ALSO PROVIDES USEFUL DATA AND INSIGHT INTO THE MOST SOUGHT AFTER AND LEVERAGED RESOURCES IN THE SMALL BUSINESS ECOSYSTEM.

    Expenses $62,405 · Revenue $109,977

  • SCALE UP CLT IS A BUSINESS ACCELERATOR FOCUSED ON HELPING ENTREPRENEURS WITH BUSINESSES BETWEEN $250,000 AND $999,999 IN REVENUE, EXCEED $1,000,000. ENTERING OUR SIXTH COHORT, OVER 26% OF SCALE UP CLT PARTICIPANTS HAVE GROWN THEIR BUSINESSES BEYOND $1,000,000, AS COMPARED TO UNDER 4% OF ALL BUSINESSES NATIONALLY. ADDITIONALLY, PARTICIPANTS HAVE SEEN AN AVERAGE YEAR OVER YEAR REVENUE GROWTH OF 33%.

    Expenses $268,383 · Revenue $247,154

  • LEADERSHIP ACADEMY OF CHARLOTTE IS A 10 MONTH LEADERSHIP PROGRAM WHICH HAS GIVEN MORE THAN 300 LEADERS ACROSS THE NATION THE OPPORTUNITY TO ADVANCE THEIR CAREERS INTO SENIOR EXECUTIVE AND C-SUITE ROLES. EXECUTIVE LEADERS EXCEL IN THEIR PROFESSIONS AND GROW THEIR CAREERS. GUIDED BY A RESEARCH-BASED CURRICULUM, PARTICIPANTS GO THROUGH EXTENSIVE COACHING AND PERSONAL DEVELOPMENT.DIGITAL MARKETPLACE FOR PURCHASING AND SUPPLIER ORGANIZATIONS: THE FOUNDATION HELPS INCREASE THE VISIBILITY OF MID-MARKET COMPANIES THAT ARE SEEKING TO OFFER CONTRACTING OPPORTUNITIES TO SMALL BUSINESS.ACE: ACCOUNTING FOR CHARLOTTE ENTREPRENEURS SUPPLEMENTS THE ONGOING NEED FOR ACCOUNTING, MARKETING AND LEGAL SERVICES, THE FOUNDATION WORKS IN PARTNERSHIP WITH ORGANIZATIONSWHICH PROVIDES SERVICES TO ENTREPRENEURS AND SMALL BUSINESS OWNERS.WELLNESS: THIS 6-MONTH PROGRAM SUPPORTS ENTREPRENEURS' WELL-BEING THROUGH FINANCIAL EDUCATION, RELAXATION WORKSHOPS, AND A COHORT EXPERIENCE WHERE PARTICIPANTS CAN BUILD A SELF CARE PLAN WITH ACCOUNTABILITY PARTNERS. CATCH YOUR BREATH IS DESIGNED TO COMBAT BURNOUT AND CHRONIC STRESS.REGIONAL TRANSPORTATION: PROVIDE GUIDANCE AND ENGAGEMENT WITH LOCAL LEADERS ON A REGIONAL COMPREHENSIVE TRANSPORTATION PLAN THAT WILL BE UNIFYING TO THE REGIONAL GOVERNMENTS OF CHARLOTTE AND MECKLENBURG COUNTY AND THE STATE TO ENHANCE THE GROWTH OF ALL BUSINESSES IN THE CHARLOTTE REGION.NC GRANT: NORTH CAROLINA STATE GRANT TO STUDY THE DOWNTOWN OFFICE CONVERSION AND POTENTIAL IMPACTS TO THE SMALL BUSINESS COMMUNITY.

    Expenses $880,504 · Revenue $1,029,884

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KRISTERPHER SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRYAN DELANEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REGINALD BEAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REGINALD HENDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHERYL RICHARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER MOXLEY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NESHA PAI

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JACK SANTANIELLO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ANDREA SMITH NON-VOTING

    INTERIM PRESIDENT & CEO OF CRBA

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • NATHANIEL HOGAN

    PRESIDENT,CLT ALLIANCE FDT

    Total calculated
    $252,455
    From this org
    $0
    From related orgs
    $221,947
    Other
    $30,508
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,147 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $4,800 related
    Deferred
    $0 + $16,977 related
    Nontaxable benefits
    $0 + $13,531 related
    Filer's total
    $0 + $252,455 related

  • TYWANDA BOLTON

    DIRECTOR OF SMALL BUSINESS AND ENTREPRENEURSHIP

    Total calculated
    $182,792
    From this org
    $0
    From related orgs
    $158,597
    Other
    $24,195
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,298 related
    Bonus
    $0 + $6,299 related
    Other
    $0
    Deferred
    $0 + $12,864 related
    Nontaxable benefits
    $0 + $11,331 related
    Filer's total
    $0 + $182,792 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 October 2025
IRS schema version
2024v5.2
Source object
202542799349301824

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