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Filing year 2024

NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION

Raleigh, North Carolina·EIN 56-1391773·NTEE B82Z · Education·501(c)(3)
Total revenue
$807k
Total assets
$5.5M
Total expenses
$672k
Reported officers
26
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.

Executive compensation

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in North Carolina.

President & CEO
25th percentile to median
$58k
$62k
COO
10th to 25th percentilevs Education peers nationwide
$52k
$55k
Counsel/svp
Key Employee
Below 10th percentile
$37k
$39k
Controller
10th to 25th percentilevs Education peers nationwide
$33k
$35k
CFO
Below 10th percentile
$17k
$19k
Corporate Secretary/acct. Specialist
Highest Compensated Employee
Below 10th percentile
$17k
$18k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 20 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION equaled 9% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
9%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 9%
from 2023

From $53k in 2023 to $58k in 2024.

$53k
2023
$58k
2024
In today's dollarsEst.
Up 6% in real terms$58k to $62k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 9% from 2023 to 2024, while revenue rose 195%.

$53k in 2023 to $58k in 2024.
  • Key Employee pay fell 28% from 2023 to 2024.
  • Controller pay rose 43% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION

What does the Chief Executive Officer of NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION earn?

In 2024, the Chief Executive Officer of NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION received $57,986 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Education organizations in North Carolina, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION compare with similar nonprofits?

Compared with the same role at Education organizations in North Carolina, the 2024 pay of the Chief Executive Officer at NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION falls between the 25th percentile and the median. In 2024, the highest total compensation at NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION equaled 9% of the organization's total expenses. The median for education organizations is 7%.

What are NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION's revenue and expenses?

In 2024, NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION reported $807k in total revenue and $672k in total expenses on its IRS Form 990.

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