Nonprofit · EIN 04-3728351
IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA
Tax-exempt · RALEIGH, NC 27611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $187,033 | $189,823 | -$2,790 | $241,536 | $14,259 | $227,277 |
| December 31, 2023 | 990 | $181,131 | $178,253 | $2,878 | $256,598 | $26,531 | $230,067 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $186,635
- of which government grants
- $24,728
- Program service revenue
- $197
- Investment income
- $201
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $108,898
- Salaries, compensation and benefits (total)
- $116,809
- Professional fundraising fees
- $0
- Accounting fees
- $24,383
- Occupancy
- $15,857
- Program services (functional)
- $130,534
- Management and general (functional)
- $55,780
- Fundraising (functional)
- $3,509
Balance sheet and other
- Total assets, start of year
- $256,598
- Total assets, end of year
- $241,536
- Total liabilities, end of year
- $14,259
- Net assets, end of year
- $227,277
- Net assets without donor restrictions
- $126,551
- Net assets with donor restrictions
- $100,726
- Gross receipts
- $187,033
- Employees
- 1
- Volunteers
- 40
- Year formed
- 2002
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARQUITA ROBERTSON | EXECUTIVE DIRECTOR Officer | 40 | $97,205 | $4,137 |
| KATI SESSOMS | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LATASHA BEST-GADDY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CATHERINE JARBOE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| TAMEKA REED | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRONWYN LUCAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| QUINTONIA THORPE | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARQUITA ROBERTSON | EXECUTIVE DIRECTOR Officer | 40 | $98,094 | $3,924 |
| KATI SESSOMS | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LATASHA BEST-GADDY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CATHERINE JARBOE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| TAMEKA REED | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRONWYN LUCAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIFFANY GLADNEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 27386, RALEIGH, NC 27611-7386
- In care of
- % DONNA GALLAGHER
- Principal officer (990 for 2024)
- MARQUITA ROBERTSON, 4030 WAKE FOREST RD STE 204, RALEIGH, NC 27609
- Signed the 990
- MARQUITA ROBERTSON, EXECUTIVE DIRECTOR
- Phone
- (919) 283-8922
- Return prepared by
- BATCHELOR TILLERY & ROBERTS LLP
Mission
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.
Program accomplishments
- 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.Expenses $73,846
- 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.Expenses $50,044
- 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.Expenses $5,265
- Expenses $1,379 · revenue $197
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3728351
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P11)
- Assets (IRS master file)
- $241,536
- Income (IRS master file)
- $187,033
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $187,033 | $189,823 | $241,536 | IRS |
| 990 | December 2023 | $181,131 | $178,253 | $256,598 | XML |
| 990 | December 2022 | $176,505 | $167,556 | $263,220 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3728351).
Questions about IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA
- What is the EIN of IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA?
- The employer identification number (EIN) of IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA is 04-3728351.
- Is IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA?
- The 990 for the year ended December 31, 2024 names MARQUITA ROBERTSON.
- Who are the officers and directors of IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $97,205 (MARQUITA ROBERTSON, EXECUTIVE DIRECTOR).
- How much revenue does IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $187,033, expenses of $189,823 and total assets of $241,536 at year end.
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