Ida and Asset Building Collaborative of North Carolina
Ida and Asset Building Collaborative of North Carolina
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About this organization
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.
About
Learn to Earn (Triangle)Learn to Earn is a unique program that bridges youth, an adult within their household, and organizations into a multigenerational financial capability program. With access to academic mentors, financial education, matched savings and career coaching, youth growing up in poverty have an opportunity to participate in a relationshipmodel program that encompasses the whole child. This model purports that children are more likely to graduate from high school and enroll in secondary education when they are aware that a savings account specifically for college is established in their names.Through this project, The Collaborative provided financial education 12 trainings to lowtomoderate income families that covered credit, student loans, entrepreneurship, and more.
Interesting data from their 2020 990 filing
The purpose of the non-profit is listed in the filing as “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.”.
When discussing its operations, they were characterized as: “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.”.
- The non-profit's legally reported state of operation is NC.
- The filing states that the non-profit's address in the year 2020 is 4021 Carya Drive, Raleigh, NC, 27610.
- The form submitted by the non-profit for 2020 shows a total of 3 employees.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $50,291.
- The organization has 7 independent voting members.
- The organization was formed in 2002.
- The organization pays $88,726 in salary, compensation, and benefits to its employees.
- The organization pays $505 in fundraising expenses.
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