2024-06-25T14:57:24-05:00 2023-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2023-01-01 561391773 NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION NORT 9197817979 PO BOX 19999 RALEIGH NC 27619 SUZANNE BROOKS VICE PRESIDENT, CONTROLLER 9197817979 2024-06-19 1 SUZANNE BROOKS 999009999 0 J CALVIN MARKS P01226973 9197196400 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z SUZANNE BROOKS PO BOX 19999 RALEIGH NC 27619 274020 0 X NCBA.COM X 1977 NC FOCUSED ON AND COMMITTED TO THE PERSONAL, PROFESSIONAL AND FINANCIAL SUCCESS OF NORTH CAROLINA'S NEXT GENERATION. 16 15 0 18 0 0 38212 125000 0 0 48264 149020 0 0 86476 274020 63150 61250 0 0 0 0 0 0 0 0 56601 63150 117851 23326 156169 4857905 5146034 0 4950 4857905 5141084 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 56601 THE NC BANKERS BANKERS ASSOICATION FOUNDATION HAS PARTNERED WITH HISTORICALLY BLACK COLLEGES & UNIVERSITIES AND NORTH CAROLINA BANKS ON THE FUTURE BANK LEADERS PROGRAM. THE GOAL OF THIS PROGRAM IS TO ATTRACT UNDERGRADUATES TO THE DYNAMIC, FAST-CHANGING WORLD OF MODERN BANKING, WHILE SUPPORT NORTH CAROLINA BANKS BY DEVELOPING THE NEXT GENERATION OF HGH-QUALITY TALENT. 32000 32000 THE NC BANKERS ASSOCIATION FOUNDATION AWARDS FINANCIAL STIPENDS FOR COLLEGE TUITION TO THE CHILDREN OF THE EMPLOYEES OF FINANCIAL INSTITUTIONS IN NORTH CAROLINA. 29250 29250 THE FOUNDATION FUNDS CAMP CHALLENGE, A CAMP FOR HIGH-ACHIEVING, AT-RISK MIDDLE SCHOOL STUDENTS WITH A HEAVY EMPHASIS ON FINANCIAL LITERACY. 117851 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 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 611181 53161 JIM HANSEN CHAIR 1.00 1.00 X X 0 0 0 BOB WASHBURN VICE CHAIR 1.00 1.00 X X 0 0 0 JIM SILLS IMMEDIATE PAST CHAIRMAN (TO JUN '23) 1.00 1.00 X X 0 0 0 MARY WILLIS IMMEDIATE PAST CHAIRMAN 1.00 1.00 X X 0 0 0 DAVID ALLEN DIRECTOR 1.00 1.00 X 0 0 0 JUAN AUSTIN DIRECTOR 1.00 1.00 X 0 0 0 MIKE ATKINSON DIRECTOR 1.00 1.00 X 0 0 0 DAVID BARKSDALE DIRECTOR 1.00 1.00 X 0 0 0 KYLE CHAVIS DIRECTOR (TO JUN '23) 1.00 1.00 X 0 0 0 STEPHEN COLLIE DIRECTOR (TO JUN '23) 1.00 1.00 X 0 0 0 DREW COVERT DIRECTOR (FROM JUN '23) 1.00 1.00 X 0 0 0 ROBIN HAGER DIRECTOR 1.00 1.00 X 0 0 0 AMANDA LLOYD DIRECTOR 1.00 1.00 X 0 0 0 JIM MARSHALL DIRECTOR (FROM JUN '23) 1.00 1.00 X 0 0 0 JIM ROSE DIRECTOR (FROM JUN '23) 1.00 1.00 X 0 0 0 CAROLINE TAYLOR DIRECTOR 1.00 1.00 X 0 0 0 DAVID WEAVER DIRECTOR (FROM JUN '23) 1.00 1.00 X 0 0 0 JEFF WHITTINGTON DIRECTOR 1.00 1.00 X 0 0 0 NATHAN BATTS COUNSEL/SVP 10.00 40.00 X 0 214365 38153 STEPHANIE TUCKER CFO/SVP 10.00 40.00 X 0 211899 24642 LYNN JOHNSON COO/EVP 10.00 40.00 X 0 316003 51000 BLAIR JERNIGAN EVENT MGMT/SVP 10.00 40.00 X 0 120721 27220 DIANE BALDWIN VICE PRESIDENT, CONTROLLER 10.00 40.00 X 0 120140 23154 0 1594309 217330 0 0 1 0 0 125000 125000 149020 149020 274020 0 0 149020 29250 29250 32000 32000 23 23 56578 56578 117851 117851 0 0 2049483 1331343 1640061 2422310 7396 58545 6000 1154965 1333836 4857905 5146034 4950 0 4950 X 315872 494719 4542033 4646365 4857905 5141084 4857905 5146034 156169 127010 0 X 0 1 X 1 0 X 130650 21490 42689 38212 125000 358041 130650 21490 42689 38212 125000 358041 55652 302389 78102 65923 56449 48264 149020 397758 755799 0.40010 0.48550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1664764 97160 1761924 1671579 -6815 1664764 1667155 4424 1671579 1659185 7970 1667155 1636936 23573 1660509 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, 2023 AND 2022. 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) 29250 0 TO HELP SUSTAIN THE OPERATIONS OF CAMP WEAVER 1 0 SCHOLARSHIPS 9 32000 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 500000 0 110000 0 1181 0 36300 0 16861 0 664342 0 0 LYNN JOHNSON COO/EVP 0 262500 0 52500 0 1003 0 34650 0 16350 0 367003 0 0 NATHAN BATTS COUNSEL/SVP 0 194250 0 19425 0 690 0 23504 0 14649 0 252518 0 0 STEPHANIE TUCKER CFO/SVP 0 189000 0 15120 0 7779 0 23226 0 1416 0 236541 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 69125 FAIR MARKET VALUE