NonprofitsNational Bankers Community Alliance Inc

Human Services

National Bankers Community Alliance Inc

WASHINGTON, DC

Total revenue

$3.0M

Total expenses

$3.4M

Net assets

$10.9M

Grants received

$10.9M

6 grants

EIN

863843865

Tax year

2024

Mission

Support the national bankers association via programs & services to customers/communities of minority depository institutions.

Programs

4 programs

Our money matters (omm) is a free online tool designed to develop, support, and scale access to financial education and sound financial practices for members of under-served communities.

Expenses: $77K

Financial wellness - the our money matters (omm) financial wellness digital platform represents an opportunity to connect the work of mdis in delivering financial products and services to underserved communities. Developed by hbcu community development action coalition (hbcu cdac), the omm initiative and its digital platform empowers and supports participants in communities and educational settings to acquire knowledge, build habits, and access financial literacy education and personal finance tools and resources. The omm/nbca pilot initiative ("the pilot") connected financial wellness programming to financial product and service delivery that addresses the racial wealth gap.

Expenses: $527K

Windward fund - climate lending is to support the mdis'ability to fund climate change adaptation, mitigation, and resilience projects.

Expenses: $115K

Visa international - grant funds to support the planning phase of the b.o.s.s (back-office support systems) tank - a multi-million, multi-year initiative aimed at small businesses in the dc area. The grant will be focused on three key objectives: finalize the design and strategic plan for the b.o.s.s tank initiative; develop a playbook on how mdis and philanthropy can collaborate to strengthen inclusive entrepreneurship; develop a framework for how funds generated from $100m in esg bonds will be allocated toward strengthening small businesses.

Expenses: $60K

Financials

FY 2024

Revenue

Contributions & grants$2.4M
Program service revenue
Investment income$79K
Other revenue$504K
Total revenue$3.0M

Expenses

Grants paid
Salaries & benefits$1.4M
Fundraising
Other expenses$2.0M
Total expenses$3.4M
Total assets$11.1M
Net assets$10.9M

People

9 listed

NameRoleCompensation

NICOLE ELAM

EXECUTIVE DIRECTOR

Board

$117K

20 hrs/wk

EVELYN SMALLS

TREASURER

Board

1 hrs/wk

ROBERT JAMES II

CHAIRMAN

Board

1 hrs/wk

JAMES BALLENTINE

AT-LARGE

Board

1 hrs/wk

TRAVIS KIYOTA

AT-LARGE

Board

1 hrs/wk

PATRICK COOPER

VICE CHAIR

Board

1 hrs/wk

ARON BETRU

SECRETARY

Board

1 hrs/wk

CHRISTOPHER J WHITE

DEPUTY EXECUTIVE DIRECTOR

Staff

$176K

25 hrs/wk

ANTHONY BARR

DIRECTOR OF RESEARCH AND IMPACT

Staff

$104K

25 hrs/wk

Independent contractors

CORNERSTONE ADVISORS OF ARIZONA LLC

CONSULTING

$516K

Grants received

Showing 6 of 6

FromAmountPurposeYear
$3.8M
MDI CONNECTTECH INITIATIVE
2024
$5.3M
MDI CONNECTTECH INITIATIVE
2023
$250K
To support the planning phase of the B.O.S.S (Back-Office Support and Seed-Capital) Tank initiative
2023
$175K
Jobs and Family Economic Security
2023
$1M
MDI CONNECTTECH INITIATIVE
2022
$500K
ENVIRONMENTAL PROGRAMS
2022

Funded by

$10.9M from 4 funders · 6 grants · 2022–2024

Citi Foundation

$10M · 3 grants · 2022–2024

Windward Fund

$500K · 1 grant · 2022

Visa Foundation

$250K · 1 grant · 2023

WK Kellogg Foundation

$175K · 1 grant · 2023

Details

EIN863843865
NTEE codeP51
Subsection03
Ruling date2022-03
Formed2021
Employees14
Volunteers6
NATIONAL BANKERS COMMUNITY ALLIANCE INC — Mission, Financials & Grants Received | Grantivo