2025-11-17T09:31:21-06:00 2024-12-31 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2024-01-01 043728351 THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA IDAA 9192838922 PO BOX 27386 RALEIGH NC 276117386 MARQUITA ROBERTSON EXECUTIVE DIRECTOR 9192838922 2025-11-17 1 0 DAWN O WHITT P02352669 9197878212 2024 2025-03-06 01:10:19Z MARQUITA ROBERTSON 4030 WAKE FOREST RD STE 204 RALEIGH NC 27609 187033 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. 7 6 1 40 0 0 179534 186635 1400 197 197 201 0 0 181131 187033 0 0 0 0 110140 116809 0 0 3509 68113 73014 178253 189823 2878 -2790 256598 241536 26531 14259 230067 227277 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 73846 PROSPERITY FOR ALL - CORPORATION FOR NATIONAL AND COMMUNITY SERVICE VISTA:EACH YEAR, THE COLLABORATIVE PLACES FULL-TIME PAID VOLUNTEERS AT NONPROFITS ACROSS NORTH CAROLINA TO BUILD CAPACITY WITHIN THEIR PROGRAMS FOR A YEAR. VISTAS THAT SERVED IN 2024 WERE VERY IMPACTFUL AND LAUNCHED SEVERAL STATEWIDE INITIATIVES. THEY EXCEEDED AND SURPASSED OUTREACH GOALS. WE PLACED 13 VISTA VOLUNTEERS IN AGENCIES ACROSS THE STATE. 50044 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. 5265 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. 1379 197 1379 197 130534 1 1 0 0 0 0 0 0 0 0 0 0 0 0 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 7 6 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 TAMEKA REED DIRECTOR 2.00 X 0 0 0 BRONWYN LUCAS DIRECTOR 2.00 X 0 0 0 QUINTONIA THORPE DIRECTOR 2.00 X 0 0 0 MARQUITA ROBERTSON EXECUTIVE DIRECTOR 40.00 X 97205 0 4137 97205 0 4137 0 0 0 0 0 24728 161907 186635 REGISTRATION FEES 541900 197 197 197 201 201 187033 197 0 201 108898 86316 19313 3269 7911 6313 1358 240 24383 4500 19883 2083 2083 15857 10875 4982 4210 4210 OTHER 13016 6982 6034 INTERNET AND WEBSITE 8900 8900 RECRUITING 4565 4565 189823 130534 55780 3509 235355 220054 3841 16179 865 0 16537 5303 256598 241536 9677 8796 16854 5463 26531 14259 X 200850 126551 29217 100726 230067 227277 256598 241536 -2790 0 X X 1 X 0 1 0 X 266636 190891 176269 179534 186635 999965 1400 197 1597 266636 190891 176269 180934 186832 1001562 0 0 0 1001562 312 231 236 197 201 1177 312 231 236 197 201 1177 2000 2000 268948 191122 176505 181131 187033 1004739 0.99680 0.99690 0.00120 0.00100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 OPERATING LEASE LIABILITY 5463 5463 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. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.