Form 990 for tax year 2024

Totals

Total revenue

$3,007,556

Total expenses

$3,401,031

Contributions and grants received

$2,425,000

Grants paid

$0

Program service revenue

$0

Investment income

$78,896

Other revenue

$503,660

Total assets, end of year

$11,101,724

Total liabilities, end of year

$245,419

Net assets or fund balances, end of year

$10,856,305

Program services expenses (Part IX)

$3,171,736

Management and general expenses

$229,295

Fundraising expenses

$0

Program service expenses (Part III)

$3,171,736

Program services were 93.3% 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.

Mission and programs · 2024

• 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 $2,393,165

• 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 $76,950

• 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 $526,550

• WINDWARD FUND - CLIMATE LENDING IS TO SUPPORT THE MDIS'ABILITY TO FUND CLIMATE CHANGE ADAPTATION, MITIGATION, AND RESILIENCE PROJECTS.

  Expenses $115,301

• VISA INTERNATIONAL - GRANT FUNDS TO SUPPORT THE PLANNING PHASE OF THE B.O.S.S (BACK-OFFICE SUPPORT SYSTEMS) TANK - A MULTI-MILLION, MULTI-YEAR INITIATIVE AIMED AT SMALL BUSINESSES IN THE DC AREA. THE GRANT WILL BE FOCUSED ON THREE KEY OBJECTIVES: FINALIZE THE DESIGN AND STRATEGIC PLAN FOR THE B.O.S.S TANK INITIATIVE; DEVELOP A PLAYBOOK ON HOW MDIS AND PHILANTHROPY CAN COLLABORATE TO STRENGTHEN INCLUSIVE ENTREPRENEURSHIP; DEVELOP A FRAMEWORK FOR HOW FUNDS GENERATED FROM $100M IN ESG BONDS WILL BE ALLOCATED TOWARD STRENGTHENING SMALL BUSINESSES.

  Expenses $59,770

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

• NATIONAL BANKERS ASSOCIATION

  501(C)(6) · EDUCATIONAL COUNSELING & FINANCIAL SERVICES · DC

Provenance

Return type

form_990

Tax year

2024

Filed

17 November 2025

IRS schema version

2024v5.2

Source object

202513219349313731

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