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Organizations Education North Carolina Bankers Association Foundation

North Carolina Bankers Association Foundation

Fiscal year ending 2024. Filed on November 13, 2025.

3601 Haworth Drive
Raleigh, North Carolina 27609

North Carolina Bankers Association Foundation (EIN: 56-1391773) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, North Carolina Bankers Association Foundation, a 501(c)(3) charitable organization, reported compensation for 6 employees. Among the employees shown here, the average compensation is $305,186. The highest compensated employee at North Carolina Bankers Association Foundation is Peter Gwaltney with fiscal year 2024 compensation of $672,986.

Revenue, expenses, and employee compensation

Revenue

$807,375

Expenses

$671,561

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Peter Gwaltney
President and Chief Executive Officer
$672,986
$0 $615,000 $57,986
Lynn Johnson
Chief Operating Officer
$376,090
$0 $324,450 $51,640
Nathan Batts
Counsel/Svp
$277,674
$0 $240,807 $36,867
Suzanne Brooks
Controller
$198,081
$0 $165,000 $33,081
Mark Holmes
Chief Financial Officer
$187,237
$0 $169,786 $17,451
Michelle Sutton
Corporate Secretary/Acct. Specialist
$119,048
$0 $102,341 $16,707

Benchmark Employee Compensation

Non-Employee Board Members

Amanda Lloyd
Board Member
Bill Bunn
Board Member (Began JUNE 2024)
Bob Washburn
Chair
Caroline Taylor
Board Member (Thru FEB 2024)
Chris Bell
Board Member (Began AUG 2024)
David Allen
Board Member
David Barksdale
Board Member
David Weaver
Board Member (Thru JUNE 2024)
Drew Covert
Board Member
Felicia Woodard
Board Member (Began JUNE 2024)
Hunter Westbrook
Board Member (Began JUNE 2024)
Jeff Whittington
Board Member (Thru JUNE 2024)

Mission Statement

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.

Revisions to this organization profile

November 13, 2025:
2024 North Carolina Bankers Association Foundation 990 filed
June 25, 2024:
2023 North Carolina Bankers Association Foundation 990 filed
November 2, 2023:
2022 North Carolina Bankers Association Foundation 990 filed

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