This organization files Form 990, which has no section for application policy. Its filings cannot say either way.
The latest filing we hold carries no statement about applications. That is not the same as closed: public-charity Form 990s have no field for it, and many foundations leave the section blank.
Grants paid by year
Total assets by year
Where the money went · FY2025
Form 990 splits expenses into program services, management and fundraising. The split is self-reported, and a grantmaker, a research institute and a direct-service nonprofit book the same work differently. A line the return does not carry reads "not available"; it is never counted as zero.
| Year | Form | Revenue | Expenses | Grants paid | Assets | Net assets |
|---|---|---|---|---|---|---|
| FY2025 | 990 | $69,981,334 | $11,635,108 | $2,509,353 | $309,058,828 | $215,784,192 |
| FY2024 | 990 | $60,678,534 | $13,096,953 | $2,309,497 | $247,445,307 | $160,732,216 |
| FY2023 | 990 | $21,387,422 | $11,713,020 | $3,908,701 | $262,359,551 | $115,528,670 |
| FY2022 | 990 | $11,378,133 | $7,400,388 | $155,279 | $223,566,149 | $108,721,408 |
| FY2021 | 990 | $47,793,767 | $6,129,181 | $86,016 | $231,001,114 | $111,533,578 |
| FY2020 | 990 | $5,989,172 | $4,667,786 | $55,291 | $91,820,049 | $62,669,033 |
Figures are as reported on the e-filed return, with no restatement. Fiscal years are the funder's own tax year, labelled by the calendar year the period ends in. A blank line means the return does not carry that figure; a real zero shows as $0. When an amended return replaces an original, every figure here uses the amended return. The original is not shown. Giving is what the funder actually paid out toward its charitable purpose in the year (qualifying distributions on Form 990-PF, charitable disbursements otherwise). Assets are what it holds; giving is what moves.
Recipient focus areas
Where recipients are
Based on the 73% of grant rows we could match to an organization record. The rest stay as reported. The IRS assigns the NTEE category when it grants exemption. It often reflects the original filing, not today's giving.
| Recipient | Purpose | Amount | Year | Source |
|---|---|---|---|---|
| NORTH CAROLINA STATE UNIVERSITY SMALL BUSINESS AND TECHNOLOGY DEVELOPMENT CRALEIGH, NC | SSBCI TA GRANT | $1,826,647 | 2025 | |
Recipients are shown as the funder wrote them on the return. A recipient with a link was matched to an organization record; the rest stay as reported and are never guessed.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Phil Marion | CHAIR | 1.00 | $0 |
| Sara Chester | VICE-CHAIR | 1.00 | $0 |
| Yolanda Taylor | SECRETARY | 1.00 | $0 |
| Paula Benson | TREASURER |
From the officer list on the latest e-filed return. Compensation is as reported there; a blank means the return carries no figure.
| CDFI CAPACITY BUILDING PROGRAM GRANTS |
| $775,000 |
| 2023 |
| MOUNTAIN BIZWORKSASHEVILLE, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $736,000 | 2023 |
| PARTNER COMMUNITY CAPITAL INCSHEPHERDSTOWN, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $725,000 | 2023 |
| ARRAY COMMUNITY DEVELOPMENT CORPORATIONBEAUFORT, NC | SHELLFISH GROWERS PROGRAM GRANT | $626,747 | 2024 |
| BUSINESS EXPANSION FUNDING CORPORATIONCHARLOTTE, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $500,000 | 2023 |
| CAROLINA COMMUNITY IMPACT INCRALEIGH, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $450,000 | 2023 |
| CAROLINA SMALL BUSINESS DEVELOPMENT FUNDRALEIGH, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $400,000 | 2024 |
| PARTNER COMMUNITY CAPITAL INCSHEPHERDSTOWN, WV | CDFI CAPACITY BUILDING PROGRAM GRANTS | $250,000 | 2024 |
| THREAD CAPITALRALEIGH, NC | SHELLFISH GROWERS PROGRAM GRANT | $250,000 | 2023 |
| UP COMMUNITY FUND LLCCHARLOTTE, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $250,000 | 2023 |
| MOUNTAIN BIZWORKS-CDFIASHEVILLE, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $250,000 | 2024 |
| UP COMMUNITY FUND LLCCHARLOTTE, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $225,000 | 2024 |
| MDC INCDURHAM, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $218,412 | 2025 |
| CAROLINA COMMUNITY IMPACT INCRALEIGH, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $215,150 | 2024 |
| PIEDMONT BUSINESS CAPITALGREENSBORO, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $100,000 | 2024 |
| ARRAY COMMUNITY DEVELOPMENT CORPORATIONBEAUFORT, NC | SHELLFISH GROWERS PROGRAM GRANT | $100,000 | 2023 |
| COOPERATIVE BAPTIST FELLOWSHIPKNOXVILLE, TN | FAITH IN RURAL COMMUNITIES CONNECT IMPLEMENTATION GRANT | $95,000 | 2025 |
| BLACKBURNS CHAPEL UMCTODD, NC | FAITH IN RURAL COMMUNITIES CONNECT IMPLEMENTATION GRANT | $50,000 | 2025 |
| BEFCORCHARLOTTE, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $50,000 | 2024 |
| THE SEQUOYAH FUND INCCHEROKEE, NC | CDFI CAPACITY BUILDING PROGRAM GRANTS | $47,000 | 2024 |
| FIRST UMCMURPHY, NC | FAITH IN RURAL COMMUNITIES CONNECT IMPLEMENTATION GRANT | $30,000 | 2024 |
| CALVARY PRESBYTERIAN CHURCHWILSON, NC | FAITH IN RURAL COMMUNITIES CONNECT IMPLEMENTATION GRANT | $30,000 | 2025 |
| FIRST UMC (FRANKLIN)FRANKLIN, NC | FAITH IN RURAL COMMUNITIES CONNECT IMPLEMENTATION GRANT | $30,000 | 2025 |
| BETHESDA UMCFAIRMONT, NC | FAITH IN RURAL COMMUNITIES CONNECT IMPLEMENTATION GRANT | $30,000 | 2025 |
| 1.00 |
| $0 |
| Jose Alvarez | BOARD MEMBER | 1.00 | $0 |
| Ryan Ammann | BOARD MEMBER | 1.00 | $0 |
| Andy Anderson | BOARD MEMBER | 1.00 | $0 |
| Dr Zachary Barricklow | BOARD MEMBER | 1.00 | $0 |
| Al Bass | BOARD MEMBER | 1.00 | $0 |
| Casey Cooper | BOARD MEMBER | 1.00 | $0 |
| Anne Faircloth | BOARD MEMBER | 1.00 | $0 |
| Lariza Garzon | BOARD MEMBER (FROM DEC '24) | 1.00 | $0 |
| Randy Gore | BOARD MEMBER | 1.00 | $0 |
| Mike Hawkins | BOARD MEMBER | 1.00 | $0 |
| Randolph Keaton | BOARD MEMBER | 1.00 | $0 |
| Ben Knight | BOARD MEMBER | 1.00 | $0 |
| Alice Schenall | BOARD MEMBER (TO DEC '24) | 1.00 | $0 |
| Kim Shepherd | BOARD MEMBER | 1.00 | $0 |
| Brittany Bennett Weston | BOARD MEMBER | 1.00 | $0 |
| Gil Wise | BOARD MEMBER | 1.00 | $0 |
| Weyling White | BOARD MEMBER | 1.00 | $0 |
| Jennifer Tolle Whiteside | BOARD MEMBER | 1.00 | $0 |
| Patrick Woodie | PRESIDENT & CEO | 40.00 | $384,462 |
| Carolyn Rhodes | COO | 40.00 | $303,879 |
| Franklin T Roberts | CFO/ASST TREASURER | 40.00 | $235,999 |
| Joy Stewart | DIR OF INTERNAL COMPLIANCE AND AUDIT | 40.00 | $166,252 |
| Misty Herget | CHIEF PROGRAMS OFFICER | 40.00 | $213,762 |
| William Mitchell Stallings | CHIEF REVENUE OFFICER | 40.00 | $216,529 |
| Armeer G Kenchen | EXEC DIR, CORNERSQUARE LLC | 40.00 | $215,112 |
| Daniel Michael | CONTROLLER | 40.00 | $146,600 |
| Andrea Breazeale | DIR OF HR | 40.00 | $124,800 |
| William Holmes | SR DIR OF COMMUNICATIONS | 40.00 | $121,693 |
| Jonathan Brereton | EXEC DIR, THREAD CAPITAL (TO AUG '23) | 20.00 | $237,735 |
Nearest by size, location and giving pattern in the database. Geography weighs heavily. Treat it as a starting list, not a ranking of fit.
Form 990 · FY2024 · period ending Jun 30, 2024IRS bulk XML
Filing id 202540169349301414
Form 990 · FY2023 · period ending Jun 30, 2023IRS bulk XML
Filing id 202401069349300330
Form 990 · FY2022 · period ending Jun 30, 2022
Filing id 202300279349301215
Form 990 · FY2021 · period ending Jun 30, 2021
Filing id 202241259349303044
Form 990 · FY2020 · period ending Jun 30, 2020
Filing id 202111329349302171
Form 990 · FY2018 · period ending Jun 30, 2018
Filing id 201900999349300410
Form 990 · FY2017 · period ending Jun 30, 2017
Filing id 201841169349300749
Form 990 · FY2016 · period ending Jun 30, 2016
Filing id 201711329349304031
IRS filings are the source for every fact on this page. Nothing a model writes is ever a source; it can only point at a row here.