Nonprofit · EIN 56-1391773
NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION
Tax-exempt · RALEIGH, NC 27609
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $447,878 | $236,161 | $211,717 | $5,682,592 | $2,876 | $5,679,716 |
| December 31, 2024 | 990 | $807,375 | $671,561 | $135,814 | $5,492,510 | $177,505 | $5,315,005 |
| December 31, 2023 | 990 | $274,020 | $117,851 | $156,169 | $5,146,034 | $4,950 | $5,141,084 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $209,485
- Program service revenue
- $0
- Investment income
- $217,741
- Net gain from sales of assets
- $41,391
- Other revenue
- $20,652
Expenses
- Grants and similar amounts paid
- $59,144
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $3,022
- Program services (functional)
- $235,415
- Management and general (functional)
- $746
Balance sheet and other
- Total assets, start of year
- $5,492,510
- Total assets, end of year
- $5,682,592
- Total liabilities, end of year
- $2,876
- Net assets, end of year
- $5,679,716
- Publicly traded securities
- $1,710,305
- Net assets without donor restrictions
- $3,271,000
- Net assets with donor restrictions
- $2,408,716
- Gross receipts
- $497,337
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1977
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER GWALTNEY | PRESIDENT & CEO Trustee or director, Officer | 10 | $0 | $620,000 | $57,233 |
| LYNN JOHNSON | COO, EVP Officer | 10 | $0 | $335,806 | $55,029 |
| SUZANNE BROOKS | CFO Key employee | 10 | $0 | $231,000 | $43,065 |
| NATHAN BATTS | COUNSEL/SVP Key employee | 10 | $0 | $233,140 | $40,790 |
| JANICE ROYSTER | DIRECTOR & STUDENT NAVIGATOR, SVP Highest-paid employee | 10 | $0 | $125,122 | $21,825 |
| MICHELLE SUTTON | CORPORATE SECRETARY/ACCT. SPECIALIST Highest-paid employee | 10 | $0 | $106,434 | $21,789 |
| BOB WASHBURN | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| JIM MARSHALL | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEVE FISHER | VICE CHAIRMAN (FROM 06/25) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM HANSEN | IMMEDIATE PAST CHAIR (THRU 06/25) Trustee or director | 1 | $0 | $0 | $0 |
| DAVID ALLEN | BOARD MEMBER (THRU 06/25) Trustee or director | 1 | $0 | $0 | $0 |
| JUAN AUSTIN | BOARD MEMBER (THRU 06/25) Trustee or director | 1 | $0 | $0 | $0 |
| DAVID BARKSDALE | BOARD MEMBER (THRU 06/25) Trustee or director | 1 | $0 | $0 | $0 |
| AMANDA LLOYD | BOARD MEMBER (THRU 06/25) Trustee or director | 1 | $0 | $0 | $0 |
| JIM ROSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS BELL | BOARD MEMBER Trustee or director | 1 | $0 |
| DREW COVERT | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDY ADCOCK | BOARD MEMBER Trustee or director | 1 | $0 |
| BILL BUNN | BOARD MEMBER Trustee or director | 1 | $0 |
| KEITH EPSTEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| HUNTER WESTBROOK | BOARD MEMBER Trustee or director | 1 | $0 |
| FELICIA WOODARD | BOARD MEMBER Trustee or director | 1 | $0 |
| BRAD JONES | BOARD MEMBER (FROM 06/25) Trustee or director | 1 | $0 |
| CARRIE LACKEY | BOARD MEMBER (FROM 06/25) Trustee or director | 1 | $0 |
| WILLIAM BJ LOSCH | BOARD MEMBER (FROM 06/25) Trustee or director | 1 | $0 |
| RICH SPIKER | BOARD MEMBER (FROM 06/25) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER GWALTNEY | PRESIDENT & CEO Trustee or director, Officer | 10 | $0 | $615,000 | $57,986 |
| LYNN JOHNSON | COO Officer | 10 | $0 | $324,450 | $51,640 |
| NATHAN BATTS | COUNSEL/SVP Key employee | 10 | $0 | $240,807 | $36,867 |
| SUZANNE BROOKS | CONTROLLER Key employee | 10 | $0 | $165,000 | $33,081 |
| MARK HOLMES | CFO Officer | 10 | $0 | $169,786 | $17,451 |
| MICHELLE SUTTON | CORPORATE SECRETARY/ACCT. SPECIALIST Highest-paid employee | 10 | $0 | $102,341 | $16,707 |
| BOB WASHBURN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM MARSHALL | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM HANSEN | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID ALLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JUAN AUSTIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID BARKSDALE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AMANDA LLOYD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JIM ROSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS BELL | BOARD MEMBER (BEGAN AUG. 2024) Trustee or director | 1 | $0 | $0 | $0 |
| DREW COVERT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RANDY ADCOCK | BOARD MEMBER (BEGAN JUNE 2024) Trustee or director | 1 | $0 | $0 | $0 |
| BILL BUNN | BOARD MEMBER (BEGAN JUNE 2024) Trustee or director | 1 | $0 | $0 | $0 |
| KEITH EPSTEIN | BOARD MEMBER (BEGAN JUNE 2024) Trustee or director | 1 | $0 | $0 | $0 |
| HUNTER WESTBROOK | BOARD MEMBER (BEGAN JUNE 2024) Trustee or director | 1 | $0 | $0 | $0 |
| FELICIA WOODARD | BOARD MEMBER (BEGAN JUNE 2024) Trustee or director | 1 | $0 | $0 | $0 |
| MIKE ATKINSON | BOARD MEMBER (THRU JUNE 2024) Trustee or director | 1 | $0 | $0 | $0 |
| ROBIN HAGER | BOARD MEMBER (THRU JUNE 2024) Trustee or director | 1 | $0 | $0 | $0 |
| CAROLINE TAYLOR | BOARD MEMBER (THRU FEB. 2024) Trustee or director | 1 | $0 | $0 | $0 |
| DAVID WEAVER | BOARD MEMBER (THRU JUNE 2024) Trustee or director | 1 | $0 | $0 | $0 |
| JEFF WHITTINGTON | BOARD MEMBER (THRU JUNE 2024) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER GWALTNEY | PRESIDENT & CEO Trustee or director, Officer | 10 | $0 | $611,181 | $53,161 |
| LYNN JOHNSON | COO/EVP Key employee | 10 | $0 | $316,003 | $51,000 |
| NATHAN BATTS | COUNSEL/SVP Officer | 10 | $0 | $214,365 | $38,153 |
| STEPHANIE TUCKER | CFO/SVP Officer | 10 | $0 | $211,899 | $24,642 |
| BLAIR JERNIGAN | EVENT MGMT/SVP Highest-paid employee | 10 | $0 | $120,721 | $27,220 |
| DIANE BALDWIN | VICE PRESIDENT, CONTROLLER Highest-paid employee | 10 | $0 | $120,140 | $23,154 |
| JIM HANSEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOB WASHBURN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM SILLS | IMMEDIATE PAST CHAIRMAN (TO JUN '23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY WILLIS | IMMEDIATE PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JUAN AUSTIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE ATKINSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID BARKSDALE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KYLE CHAVIS | DIRECTOR (TO JUN '23) Trustee or director | 1 | $0 | $0 | $0 |
| STEPHEN COLLIE | DIRECTOR (TO JUN '23) Trustee or director | 1 | $0 | $0 | $0 |
| DREW COVERT | DIRECTOR (FROM JUN '23) Trustee or director | 1 | $0 | $0 | $0 |
| ROBIN HAGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| AMANDA LLOYD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM MARSHALL | DIRECTOR (FROM JUN '23) Trustee or director | 1 | $0 | $0 | $0 |
| JIM ROSE | DIRECTOR (FROM JUN '23) Trustee or director | 1 | $0 | $0 | $0 |
| CAROLINE TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID WEAVER | DIRECTOR (FROM JUN '23) Trustee or director | 1 | $0 | $0 | $0 |
| JEFF WHITTINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3601 HAWORTH DR, RALEIGH, NC 27609-7218
- Principal officer (990 for 2025)
- SUZANNE BROOKS, 3601 HAWORTH DRIVE, RALEIGH, NC 27609
- Signed the 990
- SUZANNE BROOKS, CFO
- Phone
- (919) 781-7979
- Website
- NCBANKERS.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
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.
Program accomplishments
- 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.Expenses $162,471
- 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.Expenses $44,944 · grants $31,144
- THE NC BANKERS ASSOCIATION FOUNDATION AWARDS FINANCIAL STIPENDS FOR COLLEGE TUITION TO THE CHILDREN OF EMPLOYEES OF FINANCIAL INSTITUTIONS IN NORTH CAROLINA.Expenses $28,000 · grants $28,000
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 | 990 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
- 56-1391773
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $5,682,592
- Income (IRS master file)
- $497,337
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $447,878 | $236,161 | $5,682,592 | XML |
| 990 | December 2024 | $807,375 | $671,561 | $5,492,510 | XML |
| 990 | December 2023 | $274,020 | $117,851 | $5,146,034 | XML |
| 990 | December 2022 | $86,476 | $63,150 | $4,857,905 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 56-1391773).
Questions about NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION
- What is the EIN of NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION?
- The employer identification number (EIN) of NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION is 56-1391773.
- Is NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION 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 NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION?
- The 990 for the year ended December 31, 2025 names SUZANNE BROOKS.
- Who are the officers and directors of NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 26 people; 0 received compensation from the organization.
- How much revenue does NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $447,878, expenses of $236,161 and total assets of $5,682,592 at year end.
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