National Bankers Community Alliance Inc
- Assets
- $12.2m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 86-3843865
Organization Overview
National Bankers Community Alliance Inc is located in Washington, DC. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2022, National Bankers Community Alliance Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Bankers Community Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ITS MISSION IS TO HELP THE NATIONAL BANKERS ASSOCIATION ELIMINATE THE RACIAL WEALTH GAP IN THE UNITED STATES. NBCA WILL PURSUE ITS MISSION BY PROVIDING EDUCATIONAL, COUNSELING AND FINANCIAL SERVICES TO INDIVIDUALS, SMALL BUSINESSES, AND NONPROFITS OWNED AND OPERATED BY BLACK AMERICANS, OTHER RACIAL AND ETHNIC MINORITIES, LOW- AND MODERATE-INCOME PERSONS, AND OTHER MEMBERS OF UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
EQUITYEQ (PREVIOUSLY IAT)NATIONAL BANKERS COMMUNITY ALLIANCE (NBCA)HAS PARTNERED WITH UPMETRICS TO CREATE A REVOLUTIONARY NEW IMPACT AND COMPLIANCE TOOL, EQUITYEQ, FOR MINORITY DEPOSITORY INSTITUTIONS (MDIS), COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS), OTHER MISSION-DRIVEN BANKS, AND FOR INSTITUTIONS INVESTING IN THIS SECTOR. EQUITYEQ TRANSFORMS LENDING AND DEPOSIT DATA INTO AN IMPACT DASHBOARD THAT DRAWS ON SOURCES LIKE THE CENSUS BUREAU TO DISPLAY CRITICAL INSIGHTS ABOUT THE PEOPLE AND PLACES THAT OUR MDIS ARE SERVING. THE EQUITYEQ DASHBOARD IS EXPLICITLY DESIGNED FROM A RACIAL EQUITY LENS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Elam Executive Dir. | Officer | 20 | $65,000 |
Robert James II Chairman | OfficerTrustee | 1 | $0 |
Patrick Cooper Vice Chair | OfficerTrustee | 1 | $0 |
Aron Betru Secretary | OfficerTrustee | 1 | $0 |
Evelyn Smalls Treasurer | OfficerTrustee | 1 | $0 |
Travis Kiyota At-Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,588,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,588,074 |
| Total Program Service Revenue | $135,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,723,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation of current officers, directors, key employees. | $61,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,633 |
| Fees for services: Accounting | $12,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $293,743 |
| Advertising and promotion | $0 |
| Office expenses | $819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,190 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $639,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,791,471 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,233,599 |
| Accounts receivable, net | $134,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,159,570 |
| Accounts payable and accrued expenses | $13,289 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $273,292 |
| Total liabilities | $286,581 |
| Net assets without donor restrictions | $1,257,932 |
| Net assets with donor restrictions | $10,615,057 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,159,570 |