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Nonprofiteer
← NORTH CAROLINA BANKERS ASSOCIATION

Form 990 for tax year 2022

Filed by NORTH CAROLINA BANKERS ASSOCIATION.

Totals

Total revenue
$2,507,040
Total expenses
$3,533,339
Contributions and grants received
$0
Grants paid
$302
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • PETER GWALTNEY

    PRESIDENT & CEO

    Total calculated
    $652,754
    From this org
    $603,033
    From related orgs
    $0
    Other
    $49,721
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $468,674
    Bonus
    $130,000
    Other
    $4,359
    Deferred
    $33,550
    Nontaxable benefits
    $16,171
    Filer's total
    $652,754

  • NATHAN BATTS

    COUNSEL/SVP

    Total calculated
    $240,229
    From this org
    $204,038
    From related orgs
    $0
    Other
    $36,191
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $184,962
    Bonus
    $18,500
    Other
    $576
    Deferred
    $21,460
    Nontaxable benefits
    $14,731
    Filer's total
    $240,229

  • LYNN JOHNSON

    COO/EVP (FROM JUN '22)

    Total calculated
    $208,491
    From this org
    $188,744
    From related orgs
    $0
    Other
    $19,747
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $138,677
    Bonus
    $50,000
    Other
    $67
    Deferred
    $11,250
    Nontaxable benefits
    $8,497
    Filer's total
    $208,491

  • STEPHANIE TUCKER

    CFO/SVP (FROM FEB '22)

    Total calculated
    $206,420
    From this org
    $186,353
    From related orgs
    $0
    Other
    $20,067
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $14,400
    Other
    $6,953
    Deferred
    $18,728
    Nontaxable benefits
    $1,339
    Filer's total
    $206,420

  • GRACE SAMPSON

    CORPORATE SECRETARY/SVP

    Total calculated
    $220,518
    From this org
    $186,263
    From related orgs
    $0
    Other
    $34,255
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $167,850
    Bonus
    $16,800
    Other
    $1,613
    Deferred
    $19,493
    Nontaxable benefits
    $14,762
    Filer's total
    $220,518

  • BLAIR JERNIGAN

    EVENT MGMT/SVP

    Total calculated
    $182,492
    From this org
    $149,739
    From related orgs
    $0
    Other
    $32,753
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $134,875
    Bonus
    $14,500
    Other
    $364
    Deferred
    $16,828
    Nontaxable benefits
    $15,925
    Filer's total
    $182,492

  • DIANE BALDWIN

    VICE PRESIDENT, CONTROLLER

    Total calculated
    $138,890
    From this org
    $117,007
    From related orgs
    $0
    Other
    $21,883
    Hours/week
    40 + 10 related

  • MARY WILLIS

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JIM HANSEN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHARLES FREDERICK

    IMMEDIATE PAST CHAIRMAN (TO JUN '22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JIM SILLS

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID ALLEN

    DIRECTOR (FROM JUN '22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JUAN AUSTIN

    DIRECTOR (FROM JUN '22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MIKE ATKINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID BARKSDALE

    DIRECTOR (FROM JUN '22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KYLE CHAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEPHEN COLLIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LEE FITE

    DIRECTOR (TO JUN '22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROBIN HAGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AMANDA LLOYD

    DIRECTOR (FROM JUN '22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LANCE SELLERS

    DIRECTOR (TO JUN '22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRANT STANDBRIDGE

    DIRECTOR (TO MAR '22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GREGG STRADER

    DIRECTOR (TO JUN '22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CAROLINE TAYLOR

    DIRECTOR (FROM JUN '22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BOB WASHBURN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TED WHITEHURST

    DIRECTOR (TO JUN '22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEFF WHITTINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE NORTH CAROLINA BANKERS ASSOCIATION PAYS CERTAIN CLUB DUES OF THE PRESIDENT OF THE ORGANIZATION. THESE CLUB MEMBERSHIPS ARE TYPICALLY USED FOR ASSOCIATION BUSINESS PURPOSES ONLY. SHOULD ANY PERSONAL USE OCCUR, THE PRESIDENT WOULD REIMBURSE THE ASSOCIATION FOR THE VALUE OF SUCH USAGE. THE NORTH CAROLINA BANKERS ASSOCIATION ALSO PAYS THE TRAVEL EXPENSES FOR THE PRESIDENT AND COMPANION ON VISITS TO FUTURE CONVENTION AND MEETING VENUES. THERE IS TYPICALLY A BUSINESS PURPOSE FOR COMPANION TRAVEL.
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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202303069349301775

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