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← NATIONAL BANKERS COMMUNITY ALLIANCE INC

Form 990 for tax year 2023

Filed by NATIONAL BANKERS COMMUNITY ALLIANCE INC.

Totals

Total revenue
$1,724,059
Total expenses
$2,347,268
Contributions and grants received
$1,577,736
Grants paid
$0
Program service revenue
$0
Investment income
$11,823
Other revenue
$134,500
Total assets, end of year
$11,522,199
Total liabilities, end of year
$272,419
Net assets or fund balances, end of year
$11,249,780
Program services expenses (Part IX)
$2,096,801
Management and general expenses
$250,467
Fundraising expenses
$0
Program service expenses (Part III)
$2,096,801

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,577,736

  • 3 · Investment income

    total $11,823 · excluded $11,823

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Corporate Partnership

    total $134,500 · related or exempt $134,500

  • 11e · Other revenue, total

    $134,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $66,575 · program services $3,329 · management and general $63,246

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,338,872 · program services $1,285,844 · management and general $53,028

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $49,673 · program services $42,222 · management and general $7,451

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $50,830 · program services $50,830

  • 11c · Fees: accounting

    total $34,850 · management and general $34,850

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $573,545 · program services $559,545 · management and general $14,000

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $51,804 · management and general $51,804

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $23,197 · management and general $23,197

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $2,891 · management and general $2,891

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Research

    total $155,031 · program services $155,031

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,791,471 · end of year $5,277,103

  • 2 · Savings and temporary cash investments

    end of year $1,000,000

  • 3 · Pledges and grants receivable

    beginning of year $9,233,599 · end of year $5,025,000

  • 4 · Accounts receivable

    beginning of year $134,500 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $220,096

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,289 · end of year $272,419

  • 25 · Other liabilities

    beginning of year $273,292

  • 27 · Net assets without donor restrictions

    beginning of year $1,257,932 · end of year $2,215,057

  • 28 · Net assets with donor restrictions

    beginning of year $10,615,057 · end of year $9,034,723

Mission and programs · 2023

Mission

Its mission is to help the National Bankers Association eliminate the racial wealth gap in the United States by providing, free of charge resources and services to individuals, small businesses, and nonprofits owned and operated by people of color and low- and moderate-income persons.

Activities or mission (Part I)

Its mission is to help the National Bankers Association eliminate the racial wealth gap in the United States. NBCA will pursue its mission by providing educational, counseling and financial services to individuals, small businesses, and nonprofits owned and operated by Black Americans, other racial and ethnic minorities, low- and moderate-income persons, and other members of underserved communities.

  • MDI ConnectTech - NBCA in collaboration with the Alliance for Innovative Regulation (AIR) and with support from Citi Foundation's Community Finance Innovation Fund, MDI ConnectTech assists minority-owned and operated banks in their journey towards modernization and digital transformation. This program enables MDIs to develop and integrate technology solutions to streamline operations, expand their customer base, and enhance engagement through digital channels.

    Expenses $1,263,955

  • Our Money Matters (OMM) is a free online tool designed to develop, support, and scale access to financial education and sound financial practices for members of under-served communities.

    Expenses $250,000

  • Financial Wellness - The Our Money Matters (OMM) Financial Wellness Digital Platform represents an opportunity to connect the work of MDIs in delivering financial products and services to underserved communities. Developed by HBCU Community Development Action Coalition (HBCU CDAC), the OMM Initiative and its digital platform empowers and supports participants in communities and educational settings to acquire knowledge, build habits, and access financial literacy education and personal finance tools and resources. The OMM/NBCA Pilot Initiative ("the Pilot") connected financial wellness programming to financial product and service delivery that addresses the racial wealth gap.

    Expenses $236,206

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicole Elam

    Executive Dir.

    Total calculated
    $372,538
    From this org
    $66,575
    From related orgs
    $305,963
    Other
    $0
    Hours/week
    20 + 35 related

    Schedule J breakdown matched by us

    Base
    $66,575 + $305,963 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $66,575 + $305,963 related

  • Michelle Davis

    Chief Oper.Officer

    Total calculated
    $50,770
    From this org
    $24,808
    From related orgs
    $25,962
    Other
    $0
    Hours/week
    25 + 40 related

  • Robert James II

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrick Cooper

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Aron Betru

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Evelyn Smalls

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Travis Kiyota

    At-Large

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James Ballentine

    At-Large

    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, and on a Form 990-PF Part VIII's — 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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349327098

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