Carolina Community Development Corporation
Carolina Community Development Corporation is a private foundation, based in Raleigh, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $771K in total assets. In 2025, it awarded 8 grants totaling $51K. Net investment income was $45K.
Key facts about Carolina Community Development Corporation
In short: Carolina Community Development Corporation gave $51K across 8 grants in 2025 (avg $6K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- EIN
- 58-1984759
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $51,000
- Grants made (2025)
- 8
- Average grant
- $6,375
- Median grant
- $4,500
- Total assets
- $771,301
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$771K
+0.3% YoY
Annual Giving
$51K
+45.7% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$6K
+27.5% YoY
Under IRS private-foundation payout rules, Carolina Community Development Corporation reported a distributable amount of $38K for 2025 — the minimum it must pay out in qualifying distributions.
How Carolina Community Development Corporation gives
- Giving grew 44% from 2022 to 2025. Method
- In 2025 it paid out 123% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $34K (2020) to $51K (2025). In 2025 it made 8 grants totaling $51K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Raleigh YMCA ($10K). Together the top 8 received $51K.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was under $50K: 36 grants of 36 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Raleigh YMCA Raleigh, NC | Tutoring/Activity for at-Risk Youth | $10,000 |
| Needham Broughton Alumni Assn Raleigh, NC | Alumni Relations | $10,000 |
| Friends of Western Watauga Library Boone, NC | Community Support-Hurricane Helene | $10,000 |
| Safechild Raleigh, NC | Building Fund | $5,000 |
| Wake Education Partnership Raleigh, NC | Reading Program at-Risk Youth | $4,000 |
| Foundation for Good Business Raleigh, NC | Scholarship at-Risk Youth | $4,000 |
| Camp Corral Raleigh, NC | Family Transportation | $4,000 |
| The Salvation Army Raleigh, NC | Contribution | $4,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $771,301 | $768,672 | $729,261 |
| Revenue | $51,560 | $75,533 | $10,723 |
| Expenses | $53,509 | $41,022 | $53,093 |
| Qualifying Distributions | $47,000 | $35,000 | $47,500 |
| Net Investment Income | $45,051 | $69,511 | $7,588 |
| Distributable Amount | $38,219 | $37,500 | $36,037 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 28, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Carolina Community Development Corporation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Thomas B. Hines
Director
Vice President → Director, 2025
On filings since 2020
45 hrs/week
No compensation reported
Thomas C. Worth Jr.
Director
Secretary → Director, 2025
On filings since 2020
15 hrs/week
No compensation reported
Thomas L. Fonville
Director
On filings since 2020
15 hrs/week
No compensation reported
Former officers (2)
- Former: James T. Fain (2020–2024) — Director
- Former: Kenneth D. Dickinson (2020–2024) — Chairman
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Carolina Community Development Corporation
How much does Carolina Community Development Corporation give each year?
Carolina Community Development Corporation gave $51K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 7 grants.
What is Carolina Community Development Corporation's typical grant size?
Carolina Community Development Corporation's median grant in 2025 was $4,500, and its average grant was $6,375, across 8 grants on its 2025 IRS Form 990-PF.
Where does Carolina Community Development Corporation give grants?
Carolina Community Development Corporation gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Raleigh, NC (7 grants).
Does Carolina Community Development Corporation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Carolina Community Development Corporation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Carolina Community Development Corporation's largest grantees?
Carolina Community Development Corporation's largest 2025 grantees include Raleigh YMCA ($10,000), Needham Broughton Alumni Assn ($10,000) and Friends of Western Watauga Library ($10,000), according to its 2025 IRS Form 990-PF. Together they received 59% of its itemized 2025 grant dollars.
How large is Carolina Community Development Corporation?
Carolina Community Development Corporation reported $771K in total assets on its 2025 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $38K (roughly 5% of its investment assets).
What is Carolina Community Development Corporation's EIN?
Carolina Community Development Corporation's EIN (Employer Identification Number) is 58-1984759. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Carolina Community Development Corporation by hand.
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