Nonprofit · EIN 56-2227354
CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,648,445 | $1,612,050 | $36,395 | $1,310,869 | $264,910 | $1,045,959 |
| December 31, 2023 | 990 | $1,745,677 | $1,394,129 | $351,548 | $1,176,093 | $166,529 | $1,009,564 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,612,972
- Program service revenue
- $0
- Investment income
- $35,473
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $686,470
- Salaries, compensation and benefits (total)
- $686,470
- Professional fundraising fees
- $0
- Occupancy
- $52,349
- Travel
- $64,829
- Program services (functional)
- $1,319,705
- Management and general (functional)
- $36,002
- Fundraising (functional)
- $256,343
Balance sheet and other
- Total assets, start of year
- $1,176,093
- Total assets, end of year
- $1,310,869
- Total liabilities, end of year
- $264,910
- Net assets, end of year
- $1,045,959
- Net assets without donor restrictions
- $759,069
- Net assets with donor restrictions
- $286,890
- Gross receipts
- $1,648,445
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2000
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NATHANIEL HOGAN | PRESIDENT,CLT ALLIANCE FDT Officer | 40 | $0 | $221,947 | $30,508 |
| TYWANDA BOLTON | DIRECTOR OF SMALL BUSINESS AND ENTREPRENEURSHIP Highest-paid employee | 1 | $0 | $158,597 | $24,195 |
| KRISTERPHER SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRYAN DELANEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REGINALD BEAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REGINALD HENDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHERYL RICHARDS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER MOXLEY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NESHA PAI | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JACK SANTANIELLO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANDREA SMITH NON-VOTING | INTERIM PRESIDENT & CEO OF CRBA Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JANET LABAR | DIRECTOR, EX-OFFICIO, THRU 2.23 Officer | 1 | $0 | $483,810 | $30,459 |
| NATHANIEL HOGAN | PRESIDENT,CLT ALLIANCE FDTN BEG 2.23 Officer | 40 | $0 | $189,711 | $14,863 |
| TYWANDA BOLTON | DIRECTOR OF SMALL BUSINESS & ENTREPRENEURSHIP Highest-paid employee | 40 | $0 | $101,834 | $11,174 |
| KRISTERPHER SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRYAN DELANEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID HEAD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REGINALD HENDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICE DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHERYL RICHARDS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER MOXLEY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NESHA PAI | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JACK SANTANIELLO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 20103, CHARLOTTE, NC 28202-0027
- In care of
- % MICHAEL MANNING
- Mailing address (990-N for 2018)
- PO Box 20103, Charlotte NC 28202
- Principal officer (990 for 2024)
- NATHANIEL HOGAN, PO BOX 20103, CHARLOTTE, NC 282020027
- Principal officer (990-N for 2018)
- Joaquin A Soria, PO Box 20103, Charlotte NC 28202
- Signed the 990
- NATHANIEL HOGAN, PRESIDENT
- Phone
- (704) 378-1324
- Return prepared by
- ELLIOTT DAVIS ADVISORY LLC
Mission
SMALL BUSINESSES AND BUSINESS LEADERS THRIVE.
Program accomplishments
- 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
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2227354
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S12)
- Assets (IRS master file)
- $1,310,869
- Income (IRS master file)
- $1,648,445
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,648,445 | $1,612,050 | $1,310,869 | IRS |
| 990 | December 2023 | $1,745,677 | $1,394,129 | $1,176,093 | XML |
| 990 | December 2022 | $635,840 | $415,119 | $1,005,207 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Joaquin A Soria | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 56-2227354).
Questions about CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION
- What is the EIN of CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION?
- The employer identification number (EIN) of CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION is 56-2227354.
- Is CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION 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 CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION?
- The 990 for the year ended December 31, 2024 names NATHANIEL HOGAN.
- Who are the officers and directors of CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,648,445, expenses of $1,612,050 and total assets of $1,310,869 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Community improvement and capacity building