NonprofitsIda And Asset Building Collaborative Of North Carolina

Human Services

Ida And Asset Building Collaborative Of North Carolina

RALEIGH, NC

Total revenue

$187K

Total expenses

$190K

Net assets

$227K

Grants received

$117K

6 grants

EIN

043728351

Tax year

2024

Mission

The collaborative's mission is to close the wealth gap in north carolina. We advocate on behalf of financially vulnerable communities by collaborating with financial institutions, nonprofits, and local government agencies across the state to educate people on building wealth. We believe everyone regardless of their skin color, physical abilities, or financial circumstances deserves an equal opportunity to build wealth.

Programs

2 programs

Bank on nc: bank on nc is our statewide program designed to provide everyone with access to a safe and affordable bank account. Since our launch, the collaborative has hosted quarterly events and connected with 546 people. Bank on nc has 29 local partner organizations. Our most recent convenings were in partnership with the nc cooperative extension and the nc bankers' association. Through this initiative, the collaborative reached 117 individuals and 75 financial empowerment specialists.

Expenses: $50K

North carolina asset alliance:the north carolina asset alliance is a partnership of many organizations across north carolina and is designed to educate organizations in strategies for low-income people to build wealth. During 2024 this work was folded into our bank-on nc advocacy work.

Expenses: $5K

Financials

FY 2024

Revenue

Contributions & grants$187K
Program service revenue$197
Investment income$201
Other revenue
Total revenue$187K

Expenses

Grants paid
Salaries & benefits$117K
Fundraising$4K
Other expenses$73K
Total expenses$190K
Total assets$242K
Net assets$227K

People

7 listed

NameRoleCompensation

MARQUITA ROBERTSON

EXECUTIVE DIRECTOR

Board

$97K

40 hrs/wk

LATASHA BEST-GADDY

TREASURER

Board

2 hrs/wk

CATHERINE JARBOE

SECRETARY

Board

2 hrs/wk

KATI SESSOMS

BOARD CHAIR

Board

2 hrs/wk

BRONWYN LUCAS

DIRECTOR

Board

2 hrs/wk

QUINTONIA THORPE

DIRECTOR

Board

2 hrs/wk

TAMEKA REED

DIRECTOR

Board

2 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$25K
EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION
2023
$10K
Combat predatory lending
2023
$25K
EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION
2021
$32K
Assistance to combat predatory lending
2020
$15K
IN SUPPORT OF CAPACITY BUILDING
2020
$10K
GENERAL PURPOSE
2019

Funded by

$117K from 4 funders · 6 grants · 2019–2023

Cities For Financial Empowerment Fund

$50K · 2 grants · 2021–2023

Center for Responsible Lending

$42K · 2 grants · 2020–2023

Jpmorgan Chase Foundation

$15K · 1 grant · 2020

Triangle Community Foundation Inc

$10K · 1 grant · 2019

Details

EIN043728351
NTEE codeP11
Subsection03
Ruling date2003-05
Formed2002
Employees1
Volunteers40
IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA — Mission, Financials & Grants Received | Grantivo