2023-11-02T12:33:19-05:00 2022-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2022-01-01 561391773 NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION NORT 9197817979 PO BOX 19999 RALEIGH NC 27619 DIANE BALDWIN VICE PRESIDENT, CONTROLLER 9197817979 2023-11-02 1 DIANE BALDWIN 999009999 0 J CALVIN MARKS P01226973 9197196400 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z DIANE BALDWIN PO BOX 19999 RALEIGH NC 27619 86476 0 X NCBA.COM X 1977 NC FOCUSED ON AND COMMITTED TO THE PERSONAL, PROFESSIONAL AND FINANCIAL SUCCESS OF NORTH CAROLINA'S NEXT GENERATION. 15 14 0 20 0 0 42689 38212 0 0 135264 48264 0 0 177953 86476 58466 63150 0 0 0 0 0 0 0 4333 0 62799 63150 115154 23326 5084675 4857905 0 0 5084675 4857905 X THE CORPORATION'S PRIMARY PURPOSES 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) DISTRIBUTING 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 SIGNFICANT PROPERTY DAMAGE OR EXPENSES AS A RESULT OF THE DISASTER. 0 0 33150 33150 THE FOUNDATION FUNDS CAMP CHALLENGEGE, A CAMP FOR HIGH-ACHIEVING, AT-RISK MIDDLE SCHOOL STUDENTS WITH A HEAVY EMPHASIS ON FINANCIAL LITERACY. 30000 30000 THE NC BANKERS ASSOCIATION FOUNDATION AWARDS FINANCIAL STIPENDS FOR COLLEGE TUITION TO THE CHILDREN OF THE EMPLOYEES OF FINANCIAL INSTITUTIONS IN NORTH CAROLINA. 63150 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X DIANE BALDWIN 9197817979 3601 HAWORTH DRIVE RALEIGH NC 27609 PETER GWALTNEY PRESIDENT & CEO 10.00 40.00 X X 0 603033 49721 MARY WILLIS CHAIR 1.00 1.00 X X 0 0 0 JIM HANSEN VICE CHAIR 1.00 1.00 X X 0 0 0 CHARLES FREDERICK IMMEDIATE PAST CHAIRMAN (TO JUN '22) 1.00 1.00 X X 0 0 0 JIM SILLS IMMEDIATE PAST CHAIRMAN 1.00 1.00 X X 0 0 0 DAVID ALLEN DIRECTOR (FROM JUN '22) 1.00 1.00 X 0 0 0 JUAN AUSTIN DIRECTOR (FROM JUN '22) 1.00 1.00 X 0 0 0 MIKE ATKINSON DIRECTOR 1.00 1.00 X 0 0 0 DAVID BARKSDALE DIRECTOR (FROM JUN '22) 1.00 1.00 X 0 0 0 KYLE CHAVIS DIRECTOR 1.00 1.00 X 0 0 0 STEPHEN COLLIE DIRECTOR 1.00 1.00 X 0 0 0 LEE FITE DIRECTOR (TO JUN '22) 1.00 1.00 X 0 0 0 ROBIN HAGER DIRECTOR 1.00 1.00 X 0 0 0 AMANDA LLOYD DIRECTOR (FROM JUN '22) 1.00 1.00 X 0 0 0 LANCE SELLERS DIRECTOR (TO JUN '22) 1.00 1.00 X 0 0 0 BRANT STANDBRIDGE DIRECTOR (TO MAR '22) 1.00 1.00 X 0 0 0 GREGG STRADER DIRECTOR (TO JUN '22) 1.00 1.00 X 0 0 0 CAROLINE TAYLOR DIRECTOR (FROM JUN '22) 1.00 1.00 X 0 0 0 BOB WASHBURN DIRECTOR 1.00 1.00 X 0 0 0 TED WHITEHURST DIRECTOR (TO JUN '22) 1.00 1.00 X 0 0 0 JEFF WHITTINGTON DIRECTOR 1.00 1.00 X 0 0 0 LYNN JOHNSON COO/EVP (FROM JUN '22) 10.00 40.00 X 0 188744 19747 STEPHANIE TUCKER CFO/SVP (FROM FEB '22) 10.00 40.00 X 0 186353 20067 GRACE SAMPSON CORPORATE SECRETARY/SVP 10.00 40.00 X 0 186263 34255 NATHAN BATTS COUNSEL/SVP 10.00 40.00 X 0 204038 36191 BLAIR JERNIGAN EVENT MGMT/SVP 10.00 40.00 X 0 149739 32753 DIANE BALDWIN VICE PRESIDENT, CONTROLLER 10.00 40.00 X 0 117007 21883 0 1635177 214617 0 0 1 0 0 38212 38212 48264 48264 86476 0 0 48264 33150 33150 30000 30000 63150 63150 0 0 2195963 2049483 1509434 1640061 4359 7396 6000 1374919 1154965 5084675 4857905 0 0 X 535827 315872 4548848 4542033 5084675 4857905 5084675 4857905 23326 -250096 0 X 0 1 X 1 0 X 489753 130650 21490 42689 38212 722794 489753 130650 21490 42689 38212 722794 222814 499980 58387 78102 65923 56449 48264 307125 1029919 0.48550 0.54220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1671579 -6815 1664764 1667155 4424 1671579 1659185 7970 1667155 1636936 23573 1660509 1626044 10892 1636936 1.00000 0 0 0 X PART V, LINE 4: THE INCOME FROM THESE ENDOWMENT FUNDS SHALL BE USED TO PROVIDE FUNDING FOR UNDERPRIVILEGED, HIGH-ACHIEVING MIDDLE SCHOOL YOUTH FROM AS MANY OF NORTH CAROLINA'S ONE HUNDRED COUNTIES AS POSSIBLE EACH YEAR TO ATTEND CAMP CHALLENGE. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS ALSO EXEMPT FROM STATE INCOME TAXES. THE ASSOCIATION DID NOT RECOGNIZE ANY INTEREST OR PENALTIES RELATED TO INCOME TAX DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021. THE ASSOCIATION DID NOT HAVE AN ACCRUAL FOR UNCERTAIN TAX POSITIONS AS DEDUCTIONS TAKEN AND BENEFITS ACCRUED ARE BASED ON WIDELY UNDERSTOOD ADMINISTRATIVE PRACTICES AND PROCEDURES, AND ARE BASED ON CLEAR AND UNAMBIGUOUS TAX LAW. 1 YMCA OF GREENSBORO 620 GREEN VALLEY ROAD SUITE 210 GREENSBORO NC 27408 560543243 501(C)(3) 33150 0 TO HELP SUSTAIN THE OPERATIONS OF CAMP WEAVER 1 0 SCHOLARSHIPS 9 30000 PART I, LINE 2: A SELECTION COMMITTEE CHOOSES SCHOLARSHIP RECIPIENTS BASED ON ACADEMIC RECORDS AND EXTRACURRICULAR ACTIVITIES. SCHOLARSHIP RECIPIENTS MUST HAVE A PARENT THAT HAS BEEN EMPLOYED BY A MEMBER OF THE NORTH CAROLINA BANKERS ASSOCIATION FOR A MINIMUM OF TWO YEARS. 0 1 0 0 0 0 0 0 0 PETER GWALTNEY PRESIDENT & CEO 0 468674 0 130000 0 4359 0 33550 0 16171 0 652754 0 0 NATHAN BATTS COUNSEL/SVP 0 184962 0 18500 0 576 0 21460 0 14731 0 240229 0 0 GRACE SAMPSON CORPORATE SECRETARY/SVP 0 167850 0 16800 0 1613 0 19493 0 14762 0 220518 0 0 LYNN JOHNSON COO/EVP (FROM JUN '22) 0 138677 0 50000 0 67 0 11250 0 8497 0 208491 0 0 STEPHANIE TUCKER CFO/SVP (FROM FEB '22) 0 165000 0 14400 0 6953 0 18728 0 1339 0 206420 0 0 BLAIR JERNIGAN EVENT MGMT/SVP 0 134875 0 14500 0 364 0 16828 0 15925 0 182492 0 0 PART I, LINE 4B PETER GWALTNEY, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN WITH RESPECT TO THE ASSOCIATION (A RELATED ORGANIZATION) DURING THE YEAR. THE ASSOCIATION MAKES ANNUAL CONTRIBUTIONS TO A LIFE INSURANCE POLICY WHICH IT OWNS AND IS THE BENEFICIARY OF. IF MR. GWALTNEY REMAINS IN THE SERVICE OF THE ASSOCIATION THROUGH AN AGREED-UPO N RETIREMENT DATE, OWNERSHIP OF THE POLICY, SUBJECT TO A PARTIAL ASSIGNMENT OF THE DEATH BENEFIT TO THE ASSOCIATION (TO PAY BACK POLICY PREMIUMS MADE BY THE ASSOCIATION), WILL BE TRANSFERRED TO MR. GWALTNEY ON THE RETIREMENT DATE. FORM 990, PART VI, SECTION A, LINE 7A THE NORTH CAROLINA BANKERS ASSOCIATION BOARD OF DIRECTORS SERVES AS THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY MONITORED ON AN ANNUAL BASIS. THE POLICY STATES THAT THE BOARD MEMBER WITH THE POTENTIAL CONFLICT MUST RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE FOUNDATION ARE EMPLOYEES OF A RELATED TAX-EXEMPT ORGANIZATION AND ARE SUBJECT TO COMPENSATION, CLASSIFICATION AND ALL OTHER PERSONNEL POLICIES OF THAT ORGANIZATION. ALL DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PERMITS INSPECTION OF THESE DOCUMENTS AT ITS OFFICE. NORTH CAROLINA BANKERS ASSOCIATION 3601 HAWORTH DRIVE RALEIGH NC 27609 560340440 TO CARRY OUT GENERAL PURPOSES OF FINANCIAL INSTITUTION OPERATING IN NORTH CA NC 501(C)(6) N/A 0 COMMUNITY BANK SERVICES INC PO BOX 19999 RALEIGH NC 27619 561268430 CONDUCT ACTIVITIES OFFERED TO THE BANKERS ASSOCIATION NC N/A C 0 CENTRANT COMMUNITY CAPITAL PO BOX 19999 RALEIGH NC 27619 561721140 PROVIDE FINANCING FOR LOW AND MODERATE INCOME HOUSING NC N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 NORTH CAROLINA BANKERS ASSOCIATION N 73103 FAIR MARKET VALUE