Nonprofit · EIN 56-0340440
NORTH CAROLINA BANKERS ASSOCIATION
Tax-exempt · RALEIGH, NC 27609
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,747,025 | $3,699,492 | -$952,467 | $21,791,101 | $284,043 | $21,507,058 |
| December 31, 2024 | 990 | $2,805,999 | $3,750,856 | -$944,857 | $20,910,022 | $345,982 | $20,564,040 |
| December 31, 2023 | 990 | $2,894,140 | $4,017,735 | -$1,123,595 | $20,680,697 | $462,262 | $20,218,435 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,207,485
- Investment income
- $464,821
- Net rental income
- $69,862
- Net gain from sales of assets
- $124,173
- Other revenue
- $74,719
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,616,063
- Other salaries and wages
- $586,144
- Salaries, compensation and benefits (total)
- $2,594,271
- Professional fundraising fees
- $0
- Legal fees
- $46,912
- Accounting fees
- $71,200
- Occupancy
- $139,039
- Travel
- $70,277
- Depreciation
- $179,376
Balance sheet and other
- Total assets, start of year
- $20,910,022
- Total assets, end of year
- $21,791,101
- Total liabilities, end of year
- $284,043
- Net assets, end of year
- $21,507,058
- Land, buildings and equipment
- $876,845
- Publicly traded securities
- $5,130,913
- Net assets without donor restrictions
- $21,507,058
- Gross unrelated business income
- $69,862
- Gross receipts
- $2,934,291
- Employees
- 14
- Volunteers
- 20
- Year formed
- 1897
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER GWALTNEY | PRESIDENT & CEO Trustee or director, Officer | 40 | $620,000 | $57,233 |
| LYNN JOHNSON | COO, EVP Officer | 40 | $335,806 | $55,029 |
| SUZANNE BROOKS | CFO Key employee | 40 | $231,000 | $43,065 |
| NATHAN BATTS | COUNSEL/SVP Key employee | 40 | $233,140 | $40,790 |
| JANICE ROYSTER | DIRECTOR & STUDENT NAVIGATOR, SVP Highest-paid employee | 40 | $125,122 | $21,825 |
| MICHELLE SUTTON | CORPORATE SECRETARY/ACCT. SPECIALIST Highest-paid employee | 40 | $106,434 | $21,789 |
| BOB WASHBURN | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 |
| JIM MARSHALL | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| STEVE FISHER | VICE CHAIRMAN (FROM 06/25) Trustee or director, Officer | 1 | $0 | $0 |
| JIM HANSEN | IMMEDIATE PAST CHAIR (THRU 06/25) Trustee or director | 1 | $0 | $0 |
| DAVID ALLEN | BOARD MEMBER (THRU 06/25) Trustee or director | 1 | $0 | $0 |
| JUAN AUSTIN | BOARD MEMBER (THRU 06/25) Trustee or director | 1 | $0 | $0 |
| DAVID BARKSDALE | BOARD MEMBER (THRU 06/25) Trustee or director | 1 | $0 | $0 |
| AMANDA LLOYD | BOARD MEMBER (THRU 06/25) Trustee or director | 1 | $0 | $0 |
| JIM ROSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS BELL | BOARD MEMBER Trustee or director | 1 | $0 |
| DREW COVERT | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDY ADCOCK | BOARD MEMBER Trustee or director | 1 | $0 |
| BILL BUNN | BOARD MEMBER Trustee or director | 1 | $0 |
| KEITH EPSTEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| HUNTER WESTBROOK | BOARD MEMBER Trustee or director | 1 | $0 |
| FELICIA WOODARD | BOARD MEMBER Trustee or director | 1 | $0 |
| BRAD JONES | BOARD MEMBER (FROM 06/25) Trustee or director | 1 | $0 |
| CARRIE LACKEY | BOARD MEMBER (FROM 06/25) Trustee or director | 1 | $0 |
| WILLIAM BJ LOSCH | BOARD MEMBER (FROM 06/25) Trustee or director | 1 | $0 |
| RICH SPIKER | BOARD MEMBER (FROM 06/25) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER GWALTNEY | PRESIDENT & CEO Trustee or director, Officer | 40 | $615,000 | $57,986 |
| LYNN JOHNSON | COO Officer | 40 | $324,450 | $51,640 |
| NATHAN BATTS | COUNSEL/SVP Key employee | 40 | $240,807 | $36,867 |
| SUZANNE BROOKS | CONTROLLER Key employee | 40 | $165,000 | $33,081 |
| MARK HOLMES | CFO Officer | 40 | $169,786 | $17,451 |
| MICHELLE SUTTON | CORPORATE SECRETARY/ACCT. SPECIALIST Highest-paid employee | 40 | $102,341 | $16,707 |
| BOB WASHBURN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JIM MARSHALL | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JIM HANSEN | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 |
| DAVID ALLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUAN AUSTIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID BARKSDALE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMANDA LLOYD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM ROSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS BELL | BOARD MEMBER (BEGAN AUG. 2024) Trustee or director | 1 | $0 | $0 |
| DREW COVERT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RANDY ADCOCK | BOARD MEMBER (BEGAN JUNE 2024) Trustee or director | 1 | $0 | $0 |
| BILL BUNN | BOARD MEMBER (BEGAN JUNE 2024) Trustee or director | 1 | $0 | $0 |
| KEITH EPSTEIN | BOARD MEMBER (BEGAN JUNE 2024) Trustee or director | 1 | $0 | $0 |
| HUNTER WESTBROOK | BOARD MEMBER (BEGAN JUNE 2024) Trustee or director | 1 | $0 | $0 |
| FELICIA WOODARD | BOARD MEMBER (BEGAN JUNE 2024) Trustee or director | 1 | $0 | $0 |
| MIKE ATKINSON | BOARD MEMBER (THRU JUNE 2024) Trustee or director | 1 | $0 | $0 |
| ROBIN HAGER | BOARD MEMBER (THRU JUNE 2024) Trustee or director | 1 | $0 | $0 |
| CAROLINE TAYLOR | BOARD MEMBER (THRU FEB. 2024) Trustee or director | 1 | $0 | $0 |
| DAVID WEAVER | BOARD MEMBER (THRU JUNE 2024) Trustee or director | 1 | $0 | $0 |
| JEFF WHITTINGTON | BOARD MEMBER (THRU JUNE 2024) Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER GWALTNEY | PRESIDENT & CEO Trustee or director, Officer | 40 | $611,181 | $53,161 |
| LYNN JOHNSON | COO/EVP Officer | 40 | $316,003 | $51,000 |
| NATHAN BATTS | COUNSEL/SVP Key employee | 40 | $214,365 | $38,153 |
| STEPHANIE TUCKER | CFO/SVP Officer | 40 | $211,899 | $24,642 |
| BLAIR JERNIGAN | EVENT MGMT/SVP (TO OCT '23) Highest-paid employee | 40 | $120,721 | $27,220 |
| DIANE BALDWIN | VICE PRESIDENT, CONTROLLER Highest-paid employee | 40 | $120,140 | $23,154 |
| JIM HANSEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BOB WASHBURN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JIM SILLS | IMMEDIATE PAST CHAIRMAN (TO JUN '23) Trustee or director, Officer | 1 | $0 | $0 |
| MARY WILLIS | IMMEDIATE PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DAVID ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUAN AUSTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE ATKINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BARKSDALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KYLE CHAVIS | DIRECTOR (TO JUN '23) Trustee or director | 1 | $0 | $0 |
| STEPHEN COLLIE | DIRECTOR (TO JUN '23) Trustee or director | 1 | $0 | $0 |
| DREW COVERT | DIRECTOR (FROM JUN '23) Trustee or director | 1 | $0 | $0 |
| ROBIN HAGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMANDA LLOYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM MARSHALL | DIRECTOR (FROM JUN '23) Trustee or director | 1 | $0 | $0 |
| JIM ROSE | DIRECTOR (FROM JUN '23) Trustee or director | 1 | $0 | $0 |
| CAROLINE TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID WEAVER | DIRECTOR (FROM JUN '23) Trustee or director | 1 | $0 | $0 |
| JEFF WHITTINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3601 HAWORTH DR, RALEIGH, NC 27609-7218
- Principal officer (990 for 2025)
- SUZANNE BROOKS, 3601 HAWORTH DRIVE, RALEIGH, NC 27609
- Signed the 990
- SUZANNE BROOKS, CFO
- Phone
- (919) 781-7979
- Website
- NCBANKERS.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
THE MISSION OF THE NCBA IS TO CARRY OUT THE GENERAL PURPOSE OF FINANCIAL INSTITUTIONS OPERATING IN NORTH CAROLINA, SUCH AS ACTING AS AN EFFECTIVE LEGISLATIVE LIAISON, PROVIDING CONTINUING EDUCATION TO MEMBERS AND ACCESS TO PRODUCTS, SERVICES AND PUBLICATIONS.
Program accomplishments
- THE NORTH CAROLINA BANKERS ASSOCIATION PARTICIPATED IN GOVERNMENT RELATIONS TO PROMOTE AND PROTECT THE COMMON INTERESTS OF ITS MEMBER BANKS IN NORTH CAROLINA.
- THE ASSOCIATION WAS ACTIVE IN EXPANDING THE FINANCIAL LITERACY OF ALL NORTH CAROLINA CITIZEN, ESPECIALLY SCHOOL AGED CHILDREN.
- THE NORTH CAROLINA BANKERS ASSOCIATION ALSO HELD OVER 80 DAYS OF MEETINGS THROUGHOUT THE YEAR TO HELP EDUCATE THE BANKING INDUSTRY EMPLOYEES ON CURRENT PROCEDURES AND REGULATIONS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0340440
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $21,791,101
- Income (IRS master file)
- $2,934,291
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,747,025 | $3,699,492 | $21,791,101 | XML |
| 990 | December 2024 | $2,805,999 | $3,750,856 | $20,910,022 | XML |
| 990 | December 2023 | $2,894,140 | $4,017,735 | $20,680,697 | XML |
| 990 | December 2022 | $2,507,040 | $3,533,339 | $20,104,520 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0340440).
Questions about NORTH CAROLINA BANKERS ASSOCIATION
- What is the EIN of NORTH CAROLINA BANKERS ASSOCIATION?
- The employer identification number (EIN) of NORTH CAROLINA BANKERS ASSOCIATION is 56-0340440.
- Is NORTH CAROLINA BANKERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1943.
- Are donations to NORTH CAROLINA BANKERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH CAROLINA BANKERS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTH CAROLINA BANKERS ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA BANKERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NORTH CAROLINA BANKERS ASSOCIATION?
- The 990 for the year ended December 31, 2025 names SUZANNE BROOKS.
- Who are the officers and directors of NORTH CAROLINA BANKERS ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 26 people; 6 received compensation from the organization, the highest $620,000 (PETER GWALTNEY, PRESIDENT & CEO).
- How much revenue does NORTH CAROLINA BANKERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,747,025, expenses of $3,699,492 and total assets of $21,791,101 at year end.
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