Overview
What is North Carolina Bankers Association Foundation?
The North Carolina Bankers Association Foundation is a nonprofit organization situated in Raleigh, North Carolina. Their primary focus is on fostering the personal, professional, and financial success of North Carolina's future generation. They achieve this through various means, including funding Camp Challenge, a program designed for high-achieving, at-risk middle school students with a strong emphasis on financial literacy. Additionally, the foundation grants scholarships to qualified North Carolina residents, educates the public on banking and finance laws, consumer protection, and financial literacy, and provides financial aid to bank employees in disaster-stricken areas who have suffered significant property damage or expenses.
Official website here: www.ncba.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The North Carolina Bankers Association Foundation has achieved a remarkable 97% score, which reflects its strong commitment to accountability and finance. This rating is primarily based on a comprehensive evaluation of its financial practices, showcasing the foundation's effective management and transparency. The foundation's high score indicates that it operates with a high level of integrity, ensuring that funds are used appropriately to support its mission.
Strengths of the organization include a fully independent board, with 93% of its members being independent, and a robust program expense ratio of 98.22%. This suggests that the majority of its resources are allocated directly to its programs, maximizing the impact of its initiatives. Additionally, the foundation has implemented several essential policies, such as conflict of interest and whistleblower policies, which further enhance its governance and accountability.
While there are no significant limitations noted in the data, the organization continues to maintain a strong focus on transparency and ethical management practices. Overall, the North Carolina Bankers Association Foundation stands out as a well-managed nonprofit dedicated to its goals and the effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Bankers Association Foundation legitimate?
North Carolina Bankers Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Bankers Association Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ncba.com
What is the mission statement of North Carolina Bankers Association Foundation?
The North Carolina Bankers Association Foundation is dedicated to the success of North Carolina's future generations, focusing on their personal, professional, and financial well-being. One of its primary purposes is to grant scholarships to qualified residents of the state. The foundation also aims to educate the public about financial literacy, banking and finance laws, and consumer protection. In times of disaster, it provides funds to bank employees in need, who have been affected and incurred significant damages or expenses.
Official website here: www.ncba.com
Who is the CEO of North Carolina Bankers Association Foundation?
Diane Baldwin is the President & Ceo of North Carolina Bankers Association Foundation. The CEO's salary of North Carolina Bankers Association Foundation is $0 and their total compensation is $652,754.
Official website here: www.ncba.com
What is the revenue of North Carolina Bankers Association Foundation?
North Carolina Bankers Association Foundation's revenue in 2022 was $86,476.
Official website here: www.ncba.com
Who are the executives of North Carolina Bankers Association Foundation and what are their salaries?
There 20 volunteers at North Carolina Bankers Association Foundation.
Here are 27 key members and their salaries (North Carolina Bankers Association Foundation's CEO's salary is $0 and their total compensation is $652,754):
- Compensation: $0
- Related: $603,033
- Other: $49,721
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- Compensation: $0
- Related: $188,744
- Other: $19,747
- Compensation: $0
- Related: $186,353
- Other: $20,067
- Compensation: $0
- Related: $186,263
- Other: $34,255
- Compensation: $0
- Related: $204,038
- Other: $36,191
- Compensation: $0
- Related: $149,739
- Other: $32,753
- Compensation: $0
- Related: $117,007
- Other: $21,883
Official website here: www.ncba.com
Where can I find the form 990 for North Carolina Bankers Association Foundation?
North Carolina Bankers Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncba.com
Learn more at the official website: www.ncba.com
Mission Statement of North Carolina Bankers Association Foundation
The North Carolina Bankers Association Foundation is dedicated and focused on ensuring the personal, professional, and financial success of North Carolina's future generation. To achieve this mission, the corporation has set three primary purposes. Firstly, it grants scholarships to qualified residents of North Carolina, providing them with financial assistance to pursue their education. Secondly, the foundation makes funds available to educate the public on various financial literacy topics, banking and finance laws, and consumer protection issues. Lastly, in the event of a disaster, the foundation distributes funds to full or part-time bank employees with immediate needs in the affected area, helping them cover significant property damage or expenses resulting from the disaster. The North Carolina Bankers Association Foundation's mission is to empower and uplift the young generation of North Carolina, fostering their personal growth and financial stability.
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Impact
October, 2024
The North Carolina Bankers Association Foundation significantly impacts the personal, professional, and financial success of the state's next generation. Through its commitment to education, it focuses on fostering financial literacy among young individuals, particularly through initiatives like Camp Challenge, which serves high-achieving, at-risk middle school students. This camp provides invaluable lessons and experiences that empower youth to navigate their financial futures effectively.
In addition to its educational programs, the foundation also awards scholarship grants to qualified North Carolinians, enhancing access to higher education. By making funds available for public education on financial literacy, banking, finance laws, and consumer protection, it plays a vital role in promoting informed financial decision-making within communities.
Furthermore, the foundation supports bank employees facing hardships due to disasters, offering funds to help those with immediate needs. This multi-faceted approach not only cultivates a financially educated populace but also strengthens the financial stability of individuals and families across North Carolina.
This information is meant to be a general summary of North Carolina Bankers Association Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $48,264
- Gross Receipts: $86,476
Assets and Liabilities:
- Total Assets: $4,857,905
- Total Liabilities: $0
- Net Assets: $4,857,905
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Organization Details
Founding Year
1977
Phone
(919) 781-7979Principal Officer
Diane Baldwin
Main Address
PO BOX 19999, RALEIGH, NC, 27619
Website
www.ncba.comNTEE Category
Code: B82Z - Education
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