Carolina Community Development Corp

RALEIGH, NC EIN: 58-1984759

Carolina Community Development Corp is a private foundation, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $769K in total assets. In 2024, it awarded 7 grants totaling $35K. Net investment income was $70K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$769K

+5.4% YoY

Annual Giving

$35K

-26.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$5K

-26.3% YoY

Under IRS private-foundation payout rules, Carolina Community Development Corp reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.

About Carolina Community Development Corp

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $189K (100%)

States

North Carolina

Cities

Chapel HillRaleigh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$768,672	$729,261	$698,250
Revenue	$75,533	$10,723	$12,585
Expenses	$41,022	$53,093	$41,369
Qualifying Distributions	$35,000	$47,500	$35,500
Net Investment Income	$69,511	$7,588	$6,484
Distributable Amount	$37,500	$36,037	$36,605

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

34 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Raleigh Ymca ($10,000), Safechild ($5,000), Wake Education Partnership ($4,000).

Recipient	Purpose	Amount
WAKE EDUCATION PARTNERSHIP RALEIGH, NC	READING PROGRAM AT-RISK YOUTH	$4,000
RALEIGH YMCA RALEIGH, NC	TUTORING/ACTIVITY FOR AT-RISK YOUTH	$10,000
FOUNDATION FOR GOOD BUSINESS RALEIGH, NC	SCHOLARSHIP AT-RISK YOUTH	$4,000
200 CLUB OF WAKE COUNTY RALEIGH, NC	FIRST RESPONDERS SPECIAL NEEDS	$4,000
CAMP CORRAL RALEIGH, NC	FAMILY TRANSPORTATION	$4,000
THE SALVATION ARMY RALEIGH, NC	CONTRIBUTION	$4,000
SAFECHILD RALEIGH, NC	BUILDING FUND	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KENNETH D DICKINSON	CHAIRMAN	—	—
THOMAS B HINES	VICE PRESIDE	—	—
THOMAS C WORTH JR	SECRETARY	—	—
JAMES T FAIN	DIRECTOR	—	—
THOMAS L FONVILLE	DIRECTOR	—	—

Frequently Asked Questions

How large is Carolina Community Development Corp?

As of 2024, Carolina Community Development Corp holds $769K in total assets with $76K in annual revenue. It awarded 7 grants totaling $35K in 2024.

Where does Carolina Community Development Corp operate?

Carolina Community Development Corp has awarded grants in North Carolina.

What size grants does Carolina Community Development Corp award?

In 2024, Carolina Community Development Corp awarded 7 grants totaling $35K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Carolina Community Development Corp required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Carolina Community Development Corp reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Carolina Community Development Corp's EIN?

Carolina Community Development Corp's EIN (Employer Identification Number) is 58-1984759. IRS Form 990 filing data is available on this page for 2020–2024.