2023-11-15T09:58:24-06:00 2022-12-31 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2022-01-01 043728351 THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA IDAA 9192838922 PO BOX 27386 RALEIGH NC 276117386 MARQUITA ROBERTSON EXECUTIVE DIRECTOR 9192838922 2023-11-15 1 MARQUITA ROBERTSON 999009999 0 DAWN O WHITT P02352669 9197878212 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARQUITA ROBERTSON 4030 WAKE FOREST RD STE 204 RALEIGH NC 27609 176505 0 X HTTPS://THECOLLABORATIVENC.ORG X 2002 NC 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. 8 7 1 40 0 0 190891 176269 823 0 231 236 0 0 191945 176505 1517 0 0 0 111191 109322 0 0 2998 73812 58234 186520 167556 5425 8949 226517 263220 8277 36031 218240 227189 X 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. 0 0 31826 0 0 BANK ON NORTH CAROLINA IS A COLLABORATION BETWEEN FINANCIAL INSTITUTIONS, COMMUNITY BASED ORGANIZATIONS, AND LOCAL GOVERNMENT TO ENSURE THAT ALL RESIDENTS HAVE THE OPPORTUNITY TO BE FINANCIALLY HEALTHY. AN ESTIMATED 35 ORGANIZATIONS ARE INVOLVED IN THIS EFFORT. TOGETHER, WE ARE WORKING TO CONNECT PEOPLE TO SAFE, AFFORDABLE, AND CERTIFIED BANKING ACCOUNTS. OUR MEMBERS ALSO OFFER SERVICES AND EDUCATIONAL RESOURCES THAT HELP EMPOWER PEOPLE AND FAMILIES TO IMPROVE THEIR FINANCIAL CAPABILITY, HEALTH, AND INDEPENDENCE. 76465 0 0 GROWING HOUSEHOLD INCOME: THROUGH THE AMERICORPS VISTA (VOLUNTEERS IN SERVICE TO AMERICA), THE COLLABORATIVE PROVIDES NORTH CAROLINA NONPROFITS WITH A FULL TIME, PAID VOLUNTEER WITH A BACHELORS DEGREE, FOR ONE YEAR TO BUILD CAPACITY WITHIN PROGRAMS THAT INCREASE FAMILIES' ECONOMIC STABILITY. THIS ADDITIONAL VISTA SUPPORT HAS BECOME AN INTEGRAL PART OF PARTICIPATING NONPROFITS, ESPECIALLY LEAN ORGANIZATIONS WHOSE STAFF IS LARGELY DEDICATED TO SERVING CLIENTS' NEEDS AND ARE THEREFORE UNABLE TO FOCUS ON PROGRAM DEVELOPMENT AND COMMUNITY NEEDS. IN ADDITION TO A LIVING STIPEND, THE VOLUNTEER VISTAS RECEIVE PROFESSIONAL DEVELOPMENT, HEALTHCARE COVERAGE, PAID TIME OFF, AND AN OPTIONAL EDUCATION OR CASH AWARD. THE VISTA SERVICE IS AVAILABLE TO ANY NONPROFIT OR GOVERNMENTAL AGENCY WITH WORK THAT IMPACTS LOW INCOME FAMILIES. OVER THE YEAR, THE COLLABORATIVE PLACED 15 VISTAS IN COMMUNITIES ACROSS THE STATE. 7460 0 0 THE NORTH CAROLINA ASSETS ALLIANCE IS THE ADVOCACY ARM OF THE COLLABORATIVE, FOCUSING ON STUDENT LOAN, HOUSING, SMALL BUSINESS LENDING AND SUPPORT, AND FAIR FINANCIAL SERVICES FOR LOW INCOME POLICY. WE PROVIDED EDUCATION TO APPROXIMATELY 70 NONPROFITS ACROSS THE STATE OF NORTH CAROLINA. 115751 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X MARQUITA ROBERTSON 9192838922 PO BOX 27386 RALEIGH NC 276117386 KATI SESSOMS BOARD CHAIR 2.00 X X 0 0 0 LATASHA BEST-GADDY TREASURER 2.00 X X 0 0 0 CATHERINE JARBOE SECRETARY 2.00 X X 0 0 0 TIFFANY GLADNEY DIRECTOR 2.00 X 0 0 0 DAN KORNELIS DIRECTOR 2.00 X 0 0 0 TAMEKA REED DIRECTOR 2.00 X 0 0 0 TYRAN HILL DIRECTOR 2.00 X 0 0 0 MARQUITA ROBERTSON EXECUTIVE DIRECTOR 40.00 X 90264 0 3904 90264 0 3904 0 0 0 0 0 20000 156269 176269 236 236 176505 0 0 236 94168 72698 18677 2793 7688 7688 7466 5910 1351 205 16939 4500 12439 4916 4916 6954 3823 3131 4758 4758 OTHER 15993 7542 8451 RECRUITING 8674 8674 167556 115751 48807 2998 225966 234531 551 1179 1730 0 25780 226517 263220 8277 10093 0 25938 8277 36031 X 48847 191940 169393 35249 218240 227189 226517 263220 8949 0 X 1 X 0 1 0 X 146842 143574 266636 190891 176269 924212 146842 143574 266636 190891 176269 924212 0 0 0 924212 152 312 231 236 931 152 312 231 236 931 2000 2000 146994 143574 268948 191122 176505 927143 0.99680 0.99700 0.00100 0.00090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 555 0 0 1 555 0 0 1110 0 PART II-B, LINE 1: A TOTAL OF 22 HOURS WERE SPENT ON LOBBYING ACTIVITIES BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION IN 2022. THIS INCLUDED LETTER WRITING, EMAIL MARKETING, PHONE CALLING, WEBINAR PARTICIPATION IN SUPPORT OR OPPOSITION TO LEGISLATION AFFECTING PAY DAY LENDING, STUDENT LOANS, SMALL BUSINESS LENDING, AND PERMANENCY FOR THE EXPANDED CHILD TAX CREDIT. COMPENSATION EXPENSE FOR THE TIME RELATED TO THESE ACTIVITIES TOTALED $1,110. 0 OPERATING LEASE-RIGHT OF USE 25780 25780 OPERATING LEASE LIABILITY 25938 25938 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO FILING. THE EXECUTIVE DIRECTOR WAS RESPONSIBLE FOR AN IN-DEPTH REVIEW OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA (THE COLLABORATIVE) REQUIRES A STANDARD OF BEHAVIOR FOR ALL STAFF, VOLUNTEERS AND BOARD MEMBERS TO SCRUPULOUSLY AVOID ANY CONFLICT OF INTEREST BETWEEN THE INTERESTS OF THE COLLABORATIVE ON THE ONE HAND, AND PERSONAL, PROFESSIONAL AND BUSINESS INTEREST ON THE OTHER HAND. THIS INCLUDES AVOIDING ACTUAL DIRECT CONFLICTS OF INTEREST AS WELL AS INDIRECT OR PERCEIVED CONFLICTS OF INTERESTS. ACCORDING TO NC GENERAL STATUTE CHAPTER 55A, NONPROFIT CORPORATION ACT, CHAPTER 8, DIRECTORS AND OFFICERS, PART 3, STANDARDS OF CONDUCT OF A DIRECTOR HAS AN INDIRECT INTEREST IN A TRANSACTION IF: ANOTHER ENTITY IN WHICH SHE/HE HAS A MATERIAL FINANCIAL INTEREST OR IN WHICH SHE/HE IS A GENERAL PARTNER IS A PARTY TO THE TRANSACTION OF ANOTHER ENTITY OF WHICH SHE/HE IS A DIRECTOR, OFFICER, OR TRUSTEE IS A PARTY TO THE TRANSACTION AND THE TRANSACTION IS OR SHOULD BE CONSIDERED BY THE BOARD OF DIRECTORS OF THE CORPORATION. I UNDERSTAND THAT THE PURPOSES OF THIS POLICY ARE TO: PROTECT THE INTEGRITY OF THE COLLABORATIVE'S DECISION-MAKING PROCESS, ENABLE OUR CONSTITUANCIES TO HAVE CONFIDENCE IN OUR INTEGRITY, PROTECT THE INTEGRITY AND REPUTATION OF VOLUNTEERS, STAFF AND BOARD MEMBERS. ON AN ANNUAL BASIS I WILL MAKE A FULL, WRITTEN DISCLOSURE OF INTEREST, RELATIONSHIPS, AND HOLDINGS THAT COULD POTENTIALLY RESULT IN A CONFLICT OF INTEREST. THIS WRITTEN DISCLOSURE WILL BE KEPT ON FILE AND I WILL UPDATE IT AS APPROPRIATE, AT A MINIMUM EVERY 12 MONTHS. IN THE COURSE OF MEETINGS OR ACTIVITIES, I WILL DISCLOSE ANY INTEREST IN A TRANSACTION OR DECISION WHERE I (INCLUDING MY BUSINESS OR OTHER NONPROFIT AFFILIATION), MY FAMILY AND/OR MY SIGNIFICANT OTHER, EMPLOYER OR CLOSE ASSOCIATES WILL RECEIVE A BENEFIT OR GAIN. AFTER DISCLOSURE, I UNDERSTAND THAT I WILL BE ASKED TO REMOVE MYSELF FROM DISCUSSIONS AND NOT BE PERMITTED TO VOTE ON THE QUESTION. I UNDERSTAND THAT THIS POLICY IS MEANT TO BE A SUPPLEMENT TO GOOD JUDGMENT, AND I RESPECT ITS SPIRIT AS ITS PRINCIPLES AND PRACTICES. FORM 990, PART VI, SECTION B, LINE 15 REVIEW PROCESS BY BOARD CHAIR AND TREASURER ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 REQUEST BY MAIL TO: IDA AND ASSET BUILDING COLLABORATIVE; P.O. BOX 27386, RALEIGH, NC 27611 FORM 990, PART VI, SECTION C, LINE 19 REQUEST BY MAIL TO: IDA AND ASSET BUILDING COLLABORATIVE; P.O. BOX 27386, RALEIGH, NC 27611.