NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION Charity Report

Public IRS 990 nonprofit record

NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION

EIN 56-1391773 · Education (B82Z)

What they do

THE CORPORATIONS PRIMARY PURPOSE INCLUDE: (1) MAKING SCHOLARSHIP GRANTS to QUALIFIED RESIDENTS of NORTH CAROLINA; (2) MAKING FUNDS AVAILABLE to ANY PERSON or ENTITY IN ORDER to EDUCATE THE PUBLIC REGARDING FINANCIAL LITERACY, BANKING and FINANCE LAWS, or CONSUMER PROTECTION; and (3) DISTURBING FUNDS to FULL or PART-TIME BANK EMPLOYEES WITH IMMEDIATE NEEDS WHO LIVE IN AN AREA WHERE A CURRENT or FUTURE DISASTER HAS BEEN DESIGNATED and WHO HAVE SUSTAINED SIGNIFICANT PROPERTY DAMAGE or EXPENSES AS A RESULT of THE DISASTER.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

83.15%of revenue went to mission work100.0% of expenses · Program services

$83.18spent for every $100 of revenueRevenue covered expenses this year.

0.03%of revenue went to management and office costs0.0% of expenses

$8.18in assets for every $1 spent this yearSome assets cannot be spent right away.

67.8%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $57,986 for PETER GWALTNEY (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$807,375

Mission workProgram services$671,29883.15% of revenue100.0% of expenses

ManagementOffice and general costs$2630.03% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$135,81416.82% of revenueShown in gray on the chart

Total expenses$671,56183.18% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 83.18% of revenue

2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 43.01% of revenue

2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 73.03% of revenue

2021Expense mix: 93.1% mission · 6.9% management · 0.0% fundraisingTotal expenses: 35.29% of revenue

2020Expense mix: 95.4% mission · 4.6% management · 0.0% fundraisingTotal expenses: 86.04% of revenue

2019Expense mix: 98.1% mission · 1.9% management · 0.0% fundraisingTotal expenses: 93.03% of revenue

2018Expense mix: 99.7% mission · 0.3% management · 0.0% fundraisingTotal expenses: 99.45% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 77.12% of revenue

Money in and money out

Revenue$807,375

Expenses$671,561

Annual surplus $135,814 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$671,298 · 100.0% of expenses

Management and office costs$263 · 0.0% of expenses

See all reported dollar amounts

Revenue$807,375

Expenses$671,561

Assets$5,492,510

Income$862,541

Contributions$547,537

Mission work (program services)$671,298

Grants given$113,000

Average grant$28,250

Management and general$263

Stocks and bonds$1,471,364

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PETER GWALTNEYPRESIDENT & CEO · 10 hrs/week $57,986Base · Other $57,986

LYNN JOHNSONCOO · 10 hrs/week $51,640Base · Other $51,640

NATHAN BATTSCOUNSEL/SVP · 10 hrs/week $36,867Base · Other $36,867

SUZANNE BROOKSCONTROLLER · 10 hrs/week $33,081Base · Other $33,081

MARK HOLMESCFO · 10 hrs/week $17,451Base · Other $17,451

MICHELLE SUTTONCORPORATE SECRETARY/ACCT. SPECIALIST · 10 hrs/week $16,707Base · Other $16,707

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

PETER GWALTNEYPRESIDENT & CEO

LYNN JOHNSONCOO

NATHAN BATTSCOUNSEL/SVP

SUZANNE BROOKSCONTROLLER

MARK HOLMESCFO

MICHELLE SUTTONCORPORATE SECRETARY/ACCT. SPECIALIST

JIM MARSHALLVICE CHAIRMAN

ROBIN HAGERBOARD MEMBER (THRU JUNE 2024)

RANDY ADCOCKBOARD MEMBER (BEGAN JUNE 2024)

MIKE ATKINSONBOARD MEMBER (THRU JUNE 2024)

KEITH EPSTEINBOARD MEMBER (BEGAN JUNE 2024)

JUAN AUSTINBOARD MEMBER

JIM ROSEBOARD MEMBER

AMANDA LLOYDBOARD MEMBER

JIM HANSENIMMEDIATE PAST CHAIR

JEFF WHITTINGTONBOARD MEMBER (THRU JUNE 2024)

HUNTER WESTBROOKBOARD MEMBER (BEGAN JUNE 2024)

FELICIA WOODARDBOARD MEMBER (BEGAN JUNE 2024)

DREW COVERTBOARD MEMBER

DAVID WEAVERBOARD MEMBER (THRU JUNE 2024)

DAVID BARKSDALEBOARD MEMBER

DAVID ALLENBOARD MEMBER

CHRIS BELLBOARD MEMBER (BEGAN AUG. 2024)

CAROLINE TAYLORBOARD MEMBER (THRU FEB. 2024)

BOB WASHBURNCHAIRMAN

BILL BUNNBOARD MEMBER (BEGAN JUNE 2024)

About this charity

Recognized since: January 1984
Location: 3601 HAWORTH DR, RALEIGH, NC 27609-7218
County: Wake
In care of: SUZANNE BROOKS
Primary officer: SUZANNE BROOKS, CFO

How to reach them

WebsiteVisit the charity’s website Phone(919) 781-7979

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CHERRY BEKAERT ADVISORY LLC
NTEE classification: Education (B82Z)
Grant-giving organization: Yes