Public Charity

THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA

THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA is a nonprofit organization categorized as Public Charity based in RALEIGH, NC. Its most recent IRS filing (2024) reports revenue of $187K, expenses of $190K, total assets of $242K. Imperigo tracks 5 reported grant relationships connected to this organization totaling approximately $102K.

EIN: 043728351 RALEIGH, NC Single Organization Support NTEE: P11 Latest filing: 2024
Total Revenue$187K
Total Expenses$190K
Total Assets$242K
Grant Records5
Funding Total$102K
Filing Years2020–2024

Mission

THE COLLABORATIVE'S MISSION IS TO CLOSE THE WEALTH GAP IN NORTH CAROLINA. WE ADVOCATE ON BEHALF OF FINANCIALLY VULNERABLE COMMUNITIES BY COLLABORATING WITH FINANCIAL INSTITUTIONS, NONPROFITS, AND LOCAL GOVERNMENT AGENCIES ACROSS THE STATE TO EDUCATE PEOPLE ON BUILDING WEALTH. WE BELIEVE EVERYONE REGARDLESS OF THEIR SKIN COLOR, PHYSICAL ABILITIES, OR FINANCIAL CIRCUMSTANCES DESERVES AN EQUAL OPPORTUNITY TO BUILD WEALTH.

Where $100 goes at The Ida and Asset Building Collaborative of North Carolina

How The Ida and Asset Building Collaborative of North Carolina divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$76 Programs the work itself
$23 Management running the organization
$1 Fundraising raising the next dollar

Inside the $76 for programs

$44
Prosperity for all
57% of program spending · Reported in the filing: 13 volunteers
$29
Bank on nc
39% of program spending · Reported in the filing: 546 people; 29 organizations; 117 individuals
$3
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…
4% of program spending
Share on LinkedIn Share on Facebook
Add this to your website

Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2023
EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION
$25,000
2023
Combat predatory lending
$10,000
2021
EXPANDING AND SUPPORTING THE CAPACITY OF A LOCAL BANK ON COALITION
$25,000
2020
Assistance to combat predatory lending
$32,000
2019
GENERAL PURPOSE
$10,000

Showing up to 5 of 5 total records — full history available with membership.

Officers & Directors

DIRECTOR Bronwyn Lucas
SECRETARY Catherine Jarboe
BOARD CHAIR Kati Sessoms
TREASURER Latasha Best-Gaddy
EXECUTIVE DIRECTOR Marquita Robertson
DIRECTOR Quintonia Thorpe

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$92,000 4 grants
Unspecified
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $187K $190K $242K
2023 $181K $178K $257K
2022 $177K $168K $263K
2021 $192K $187K $227K
2020 $271K $185K $246K

Between 2020 and 2024, reported annual revenue declined from $271K to $187K (-31%), with total assets most recently reported at $242K.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA

Complete financials, all 5 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
7-day free trial Cancel any time