IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA

As filed

Subsection

03

NTEE code

P11

Classification

1000

Street

PO BOX 27386

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• 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

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $187,033

  Expenses

  $189,823

  Contributions

  $186,635

  Grants paid

  $0

• 2023

  Revenue

  $181,131

  Expenses

  $178,253

  Contributions

  $179,534

  Grants paid

  $0

• 2022

  Revenue

  $176,505

  Expenses

  $167,556

  Contributions

  $176,269

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $191,945

  Expenses

  $186,520

  Assets (EOY)

  $226,517

• 2020 · 990

  Revenue

  $270,824

  Expenses

  $185,162

  Assets (EOY)

  $245,864

• 2019 · 990

  Revenue

  $208,468

  Expenses

  $158,177

  Assets (EOY)

  $134,899

• 2017 · 990

  Revenue

  $195,897

  Expenses

  $194,763

  Assets (EOY)

  $104,479

• 2016 · 990

  Revenue

  $191,231

  Expenses

  $166,972

  Assets (EOY)

  $110,431

• 2015 · 990

  Revenue

  $138,099

  Expenses

  $160,295

  Assets (EOY)

  $80,478

• 2014 · 990

  Revenue

  $127,717

  Expenses

  $127,324

  Assets (EOY)

  $105,353

• 2013 · 990

  Revenue

  $183,905

  Expenses

  $251,355

  Assets (EOY)

  $109,199

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $256,343

  Assets (EOY)

  $169,985

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $250,811

  Assets (EOY)

  $219,492

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• CITIES FOR FINANCIAL EMPOWERMENT FUND INC

  $25,000

  2023 · EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION

• CENTER FOR RESPONSIBLE LENDING

  $10,000

  2023 · Combat predatory lending

Other IRS files