2026-09-17T12:30:29-05:00 2025-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 3800 GLENWOOD AVE SUITE 200 RALEIGH NC 27612 990 2025-01-01 561391773 NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION NORT 9197817979 3601 HAWORTH DRIVE RALEIGH NC 27609 SUZANNE BROOKS CFO 9197817979 2026-09-10 1 BREE-ANN WEIDNER P01319397 9197821040 2025 SUZANNE BROOKS 3601 HAWORTH DRIVE RALEIGH NC 27609 497337 0 X NCBANKERS.ORG X 1977 NC FOCUSED ON AND COMMITTED TO THE PERSONAL, PROFESSIONAL AND FINANCIAL SUCCESS OF NORTH CAROLINA'S NEXT GENERATION. 16 15 0 20 0 0 547537 209485 0 0 249041 217741 10797 20652 807375 447878 460000 59144 0 0 0 0 0 0 0 211561 177017 671561 236161 135814 211717 5492510 5682592 177505 2876 5315005 5679716 X THE CORPORATION'S PRIMARY PURPOSE 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) DISTURBING 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 SIGNIFICANT PROPERTY DAMAGE OR EXPENSES AS A RESULT OF THE DISASTER. 0 0 162471 THE NC BANKERS ASSOCIATION 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 HIGH-QUALITY TALENT. 44944 31144 DISASTER RELIEF - THE FOUNDATION DISTRIBUTED 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 SIGNIFICANT PROPERTY DAMAGE OR EXPENSES AS A RESULT OF THE DISASTER. 28000 28000 THE NC BANKERS ASSOCIATION FOUNDATION AWARDS FINANCIAL STIPENDS FOR COLLEGE TUITION TO THE CHILDREN OF EMPLOYEES OF FINANCIAL INSTITUTIONS IN NORTH CAROLINA. 235415 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 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 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 NC X SUZANNE BROOKS 9197898181 3601 HAWORTH DRIVE RALEIGH NC 27609 PETER GWALTNEY PRESIDENT & CEO 10.00 40.00 X X 0 620000 57233 BOB WASHBURN IMMEDIATE PAST CHAIR 1.00 1.00 X 0 0 0 JIM MARSHALL CHAIRMAN 1.00 1.00 X X 0 0 0 STEVE FISHER VICE CHAIRMAN (FROM 06/25) 1.00 1.00 X X 0 0 0 JIM HANSEN IMMEDIATE PAST CHAIR (THRU 06/25) 1.00 1.00 X 0 0 0 DAVID ALLEN BOARD MEMBER (THRU 06/25) 1.00 1.00 X 0 0 0 JUAN AUSTIN BOARD MEMBER (THRU 06/25) 1.00 1.00 X 0 0 0 DAVID BARKSDALE BOARD MEMBER (THRU 06/25) 1.00 1.00 X 0 0 0 AMANDA LLOYD BOARD MEMBER (THRU 06/25) 1.00 1.00 X 0 0 0 JIM ROSE BOARD MEMBER 1.00 1.00 X 0 0 0 CHRIS BELL BOARD MEMBER 1.00 1.00 X 0 0 0 DREW COVERT BOARD MEMBER 1.00 1.00 X 0 0 0 RANDY ADCOCK BOARD MEMBER 1.00 1.00 X 0 0 0 BILL BUNN BOARD MEMBER 1.00 1.00 X 0 0 0 KEITH EPSTEIN BOARD MEMBER 1.00 1.00 X 0 0 0 HUNTER WESTBROOK BOARD MEMBER 1.00 1.00 X 0 0 0 FELICIA WOODARD BOARD MEMBER 1.00 1.00 X 0 0 0 BRAD JONES BOARD MEMBER (FROM 06/25) 1.00 1.00 X 0 0 0 CARRIE LACKEY BOARD MEMBER (FROM 06/25) 1.00 1.00 X 0 0 0 WILLIAM BJ LOSCH BOARD MEMBER (FROM 06/25) 1.00 1.00 X 0 0 0 RICH SPIKER BOARD MEMBER (FROM 06/25) 1.00 1.00 X 0 0 0 LYNN JOHNSON COO, EVP 10.00 40.00 X 0 335806 55029 NATHAN BATTS COUNSEL/SVP 10.00 40.00 X 0 233140 40790 SUZANNE BROOKS CFO 10.00 40.00 X 0 231000 43065 MICHELLE SUTTON CORPORATE SECRETARY/ACCT. SPECIALIST 10.00 40.00 X 0 106434 21789 JANICE ROYSTER DIRECTOR & STUDENT NAVIGATOR, SVP 10.00 40.00 X 0 125122 21825 0 1651502 239731 0 0 1 0 0 209485 209485 176350 176350 90850 49459 41391 41391 41391 RETURNED FUNDS 900099 20652 20652 20652 447878 0 0 238393 59144 59144 746 746 3022 3022 SHARED SERVICES 159250 159250 HURRICANE AFTERMATH VID 13800 13800 BANK FEES 199 199 236161 235415 746 0 1484866 1379695 2476993 2567896 59287 24696 1471364 1710305 5492510 5682592 15961 2876 161544 0 177505 2876 X 2909383 3271000 2405622 2408716 5315005 5679716 5492510 5682592 211717 152994 0 X 0 1 X 1 0 X 42689 38212 125000 547537 209485 962923 42689 38212 125000 547537 209485 962923 341089 621834 56449 48264 149020 189192 176350 619275 10797 10797 20652 20652 1613647 0.38540 0.40350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 844586 38497 883083 1059379 39115 253908 844586 1664764 97160 -702545 1059379 1671579 -6815 1664764 1667155 4424 1671579 0.00000 1.00000 0.00000 0 0 0 X PART V, LINE 4: THE INCOME FROM THESE ENDOWMENT FUNDS HISTORICALLY WAS 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 INCLUDE 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 IRC SECTION 501(C)(3) AND IS ALSO EXEMPT FROM STATE INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS PROPERLY MAINTAINED THEIR EXEMPT STATUS AND THERE ARE NO UNCERTAIN TAX POSITIONS HELD AS OF DECEMBER 31, 2025. 1 SCHOLARSHIPS 10 28000 DISASTER RELIEF FUNDS 14 31144 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. DISASTER RELIEF FUNDS WERE DISTRIBUTED TO FULL OR PART-TIME BANK EMPLOYEES WITH IMMEDIATE NEEDS WHO LIVED IN AN AREA WHERE A DISASTER WAS DESIGNATED AND WHO HAD SUSTAINED SIGNIFICANT PROPERTY DAMAGE. NO ADDITIONAL MONITORING WAS NECESSARY. 0 1 0 0 0 0 0 0 0 PETER GWALTNEY PRESIDENT & CEO 0 500000 0 120000 0 0 0 38800 0 18433 0 677233 0 0 LYNN JOHNSON COO, EVP 0 279838 0 55968 0 0 0 35916 0 19113 0 390835 0 0 SUZANNE BROOKS CFO 0 210000 0 21000 0 0 0 24885 0 18180 0 274065 0 0 NATHAN BATTS COUNSEL/SVP 0 210082 0 23058 0 0 0 24595 0 16195 0 273930 0 0 PART I, LINE 3 THE RELATED ORGANIZATION RELIES ON A COMPENSATION COMMITTEE, THE FORM 990 OF OTHER ORGANIZATIONS, A WRITTEN EMPLOYEMENT CONTRACT AND APPROVAL BY THE BOARD TO ESTABLISH COMPENSATION OF THE CEO. PART I, LINE 4B PETER GWALTNEY, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 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-UPON 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 CFO WILL REVIEW WITH EXECUTIVE MANAGEMENT AND THEN WILL REVIEW WITH THE EXECUTIVE BOARD COMMITTEE. 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 IN NC NC 501(C)(6) N/A 0 COMMUNITY BANK SERVICES INC 3601 HAWORTH DRIVE RALEIGH NC 27609 561268430 FINANCIAL SERVICES NC NORTH CAROLINA BANKERS ASSOCIATION C 0 CENTRANT COMMUNITY CAPITAL INC 3601 HAWORTH DRIVE RALEIGH NC 27609 561721140 FINANCIAL SERVICES NC NORTH CAROLINA BANKERS ASSOCIATION 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 O 159250 FMV