North Carolina · Nonprofit
THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA
THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA (North Carolina) receives grants from 6 organizations whose IRS filings report $147,222 to it, the largest being CITIES FOR FINANCIAL EMPOWERMENT FUND INC ($50,000). 3 of them have funded it in more than one year.
- Revenue FY2024
- $187k
- Funders on record
- 6
- Grants received
- $147k
- Net assets
- $227k
What The Ida and Asset Building Collaborative of North Carolina does
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.
As stated on its FY2024 Form 990.
Programs
Prosperity for all - corporation for national and community service vista:each year, the collaborative places full-time paid volunteers at nonprofits across north carolina to build capacity within their programs for a year. Vistas that served in 2024 were very impactful and launched several statewide initiatives. They exceeded and surpassed outreach goals. We placed 13 vista volunteers in agencies across the state.
$73,846 spent57% of program spendingBank on nc: bank on nc is our statewide program designed to provide everyone with access to a safe and affordable bank account. Since our launch, the collaborative has hosted quarterly events and connected with 546 people. Bank on nc has 29 local partner organizations. Our most recent convenings were in partnership with the nc cooperative extension and the nc bankers' association. Through this initiative, the collaborative reached 117 individuals and 75 financial empowerment specialists.
$50,044 spent38% of program spendingNorth 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 to build wealth. During 2024 this work was folded into our bank-on nc advocacy work.
$5,265 spent4% of program spendingOther program services, not described on the e-filed return.
$1,379 spent$197 earned by the program1% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $130,534.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $135k to $246k (+82%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 21% · 2021 36% · 2022 11% · 2023 14% · 2024 13%. Grants only. Government contracts and fees sit inside program revenue.
100% of THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA’s revenue is contributions — more donation-reliant than the typical peer (91% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Marquita Robertson
Executive director
Board chair
Kati Sessoms
Board chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2020 → 2023: the base narrowed from 4 funders to 2 funders, grant income fell $57k → $10k.
2 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 7% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA leans on a few funders — its largest provides 34% of grant income and the top three 83%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
69% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA.
Largest funder’s share by year: 2020 56% · 2021 100% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA draws 69% of its grant income from funders outside North Carolina, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $10k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA holds deeper cash reserves than three-quarters of the 21,616 human services nonprofits its size.
this organization peer median middle 50% of peers· 21,616 human services nonprofits $100k–$1M, FY2024
Government funding THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $127k on record.
- Corporation for National and Community Service$127k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
69% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA?
- THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA (North Carolina) receives grants from 6 organizations whose IRS filings report $147,222 to it, the largest being CITIES FOR FINANCIAL EMPOWERMENT FUND INC ($50,000). 3 of them have funded it in more than one year.
- How many funders does THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA have?
- IRS filings report 6 organizations giving $147,222 in grants to THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA, 3 of which have funded it in more than one year.
- Who is the largest funder of THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA?
- CITIES FOR FINANCIAL EMPOWERMENT FUND INC is the largest funder on record, with $50,000 in grants. The full list of funders is on this page.
- How can an organization like THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Ida and Asset Building Collaborative of North Carolina →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing