Nonprofit · EIN 57-0707663
CLIMB FUND
Tax-exempt · CHARLESTON, SC 29403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,861,003 | $3,006,421 | -$145,418 | $38,918,390 | $13,513,461 | $25,404,929 |
| September 30, 2024 | 990 | $3,390,070 | $2,558,387 | $831,683 | $38,484,414 | $12,206,705 | $26,277,709 |
| September 30, 2023 | 990 | $5,137,686 | $2,062,871 | $3,074,815 | $35,516,078 | $10,957,699 | $24,558,379 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $623,898
- of which government grants
- $623,898
- Program service revenue
- $1,908,035
- Investment income
- $329,070
- Net gain from sales of assets
- $63,337
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $179,000
- Other salaries and wages
- $1,592,907
- Salaries, compensation and benefits (total)
- $2,170,999
- Professional fundraising fees
- $0
- Travel
- $31,764
- Depreciation
- $33,089
- Program services (functional)
- $2,558,051
- Management and general (functional)
- $448,370
Balance sheet and other
- Total assets, start of year
- $38,484,414
- Total assets, end of year
- $38,918,390
- Total liabilities, end of year
- $13,513,461
- Net assets, end of year
- $25,404,929
- Land, buildings and equipment
- $1,510,163
- Net assets without donor restrictions
- $16,182,470
- Net assets with donor restrictions
- $9,222,459
- Gross receipts
- $3,917,067
- Employees
- 37
- Year formed
- 1979
- State of legal domicile
- SC
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cynthia Rourk | CEO Officer | 40 | $173,376 |
| Nina Cano Richards | Director Trustee or director | 5 | $0 |
| David Harper | Director Trustee or director | 5 | $0 |
| Jamilla Harper | Director Trustee or director | 5 | $0 |
| Grant A McAnulty | Director Trustee or director | 5 | $0 |
| Paul Jones | Director Trustee or director | 5 | $0 |
| Sonja Southerland | Director Trustee or director | 5 | $0 |
| Chris Fisher | Director Trustee or director | 5 | $0 |
| Stephanie Pritchett | Director Trustee or director | 5 | $0 |
| Radia Baxter | Director Trustee or director | 5 | $0 |
| Carol Jackson | Director Trustee or director | 5 | $0 |
| Jabari Seabrook | Director Trustee or director | 5 | $0 |
| Clay Middleton | Treasurer Officer | 5 | $0 |
| Kerri Chisholm | Vice President Officer | 5 | $0 |
| Casdell E Singleton | President Officer | 5 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Thompson Jr | Secretary Officer | 5 | $0 |
| FA Johnson | Executive Dir. Officer | 40 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Cynthia Rourk | CEO Officer | 40 | $181,641 | $26,694 |
| Nina Cano Richards | Director Trustee or director | 5 | $0 | $0 |
| David Harper | Director Trustee or director | 5 | $0 | $0 |
| Jamilla Harper | Director Trustee or director | 5 | $0 | $0 |
| Paul Jones | Director Trustee or director | 5 | $0 | $0 |
| Carol Jackson | Director Trustee or director | 5 | $0 | $0 |
| Stephanie Pritchett | Director Trustee or director | 5 | $0 | $0 |
| Clay Middleton | Treasurer Officer | 5 | $0 | $0 |
| Kerri Chisholm | Vice President Officer | 5 | $0 | $0 |
| Casdell E Singleton | President Officer | 5 | $0 | $0 |
| Grant A McAnulty | Past President Officer | 5 | $0 | $0 |
| Bryan Mcneal Jr | Asst Secretary Officer | 5 | $0 | $0 |
| William Thompson Jr | Secretary Officer | 5 | $0 | $0 |
990 for the year ended September 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Cynthia Rourk | CEO Officer | 40 | $163,253 | $25,147 |
| Richad Yonce | Past President Trustee or director | 5 | $0 | $0 |
| David Harper | Director Trustee or director | 5 | $0 | $0 |
| Jamilla Harper | Director Trustee or director | 5 | $0 | $0 |
| Yvonne D Evans | Past Secretary Trustee or director | 5 | $0 | $0 |
| Carol Jackson | Director Trustee or director | 5 | $0 | $0 |
| Stephanie Pritchett | Director Trustee or director | 5 | $0 | $0 |
| Clay Middleton | Director Officer | 5 | $0 | $0 |
| Kerri Chisholm | Vice President Officer | 5 | $0 | $0 |
| Casdell E Singleton | Vice President Officer | 5 | $0 | $0 |
| Grant A McAnulty | President Officer | 5 | $0 | $0 |
| Bryan Mcneal Jr | Asst Secretary Officer | 5 | $0 | $0 |
| William Thompson Jr | Secretary Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 RACE ST, CHARLESTON, SC 29403-8600
- In care of
- % CHAD K YONCE
- Principal officer (990 for 2024)
- FA Johnson, 2 Race Street, Charleston, SC 29403
- Signed the 990
- FA Johnson, Executive Dir.
- Phone
- (843) 973-7298
- Return prepared by
- The Hobbs Group PA
Mission
The purpose of the corporation is to further economic development to promote and assist in the growth and development of business concerns and to engage in those activities which are in furtherance of or related to those purposes
Program accomplishments
- Lending ProgramsBusiness builder loans, SBA Microloan Program, small business loan program, real estate loans, line of credit, and Quick Recovery Loan programs provide funding to eligible businesses within the organization's service area to meet most needs that those businesses may have. although the LDC does not compete with the commercial lenders, it works in collaboration with the local banks and all small business reources in the community.Expenses $1,918,538 · revenue $1,908,035
- Technical Assistance ProgramCoupled with its loan products, the organization provides both pre-loan counseling to prospective applicants and intensive post-loan developmental services to its borrowers. Such assistance occurs in various forums: one-on-one counseling, group sessions, workshops, seminars, classes, exhibitions, and site visits. Many of the group sessions are conducted in collaboration with local community resources such as SBDC, SCORE, or the SBA, just to name a few. Throughout the year, the Organization responded to 286 new loan inquiries, and over 1,900 entrepreneuers received some level of technical assistance. Of the total assisted, 282 individuals received information by attending one or more of the 31 seminars, workshops, or networking sessions offered.The organization views its one-on-one technical assistance as critical to providing a foundation for success and offers such assistance through several vehicles of delivery to include consultant team, staff, and its community resources. The consultant team allows the Organization to provide specialized training by offering bookkeeping and QuickBooks training and business counseling through its site visit program. During the year, 73 businesses have received almost 586.5 hours of specialized training.Expenses $639,513
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 57-0707663
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $38,918,390
- Income (IRS master file)
- $3,917,067
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,861,003 | $3,006,421 | $38,918,390 | XML |
| 990 | September 2024 | $3,390,070 | $2,558,387 | $38,484,414 | IRS |
| 990 | September 2023 | $5,137,686 | $2,062,871 | $35,516,078 | XML |
| 990 | September 2022 | $3,082,260 | $1,767,939 | $29,703,235 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
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 57-0707663).
Questions about CLIMB FUND
- What is the EIN of CLIMB FUND?
- The employer identification number (EIN) of CLIMB FUND is 57-0707663.
- Is CLIMB FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CLIMB FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLIMB FUND 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 CLIMB FUND due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLIMB FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of CLIMB FUND?
- The 990 for the year ended September 30, 2025 names FA Johnson.
- Who are the officers and directors of CLIMB FUND?
- The 990 for the year ended September 30, 2025 lists 17 people; 1 received compensation from the organization, the highest $173,376 (Cynthia Rourk, CEO).
- How much revenue does CLIMB FUND have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,861,003, expenses of $3,006,421 and total assets of $38,918,390 at year end.
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