Mission
TO STRENGTHEN THE ASSET BASE OF DIVERSE POPULATIONS THROUGH POLICY, EDUCATION AND ECONOMIC OPPORTUNITIES.
Public Charity
NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT
NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT, of DURHAM, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $6.5M in revenue, $6.7M in expenses, $19.1M in total assets. 28 publicly reported grants to this organization, totaling roughly $2.7M, appear in IRS filings.
EIN: 561579041
DURHAM, NC
Latest filing: 2024
Total Revenue$6.5M
Total Expenses$6.7M
Total Assets$19.1M
Grant Records28
Funding Total$2.7M
Filing Years2020–2024
Where $100 goes at National Institute of Minority Economic Development
How National Institute of Minority Economic Development divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$73
Programs
the work itself
$25
Management
running the organization
$2
Fundraising
raising the next dollar
Inside the $73 for programs
$25
Other programs include business and market development, public allies, center for professional services, policy & research and small business transportation resource center
$21
Institute capital
$16
Women's business center
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
Project support
$809,950
SEE PART IV
$130,500
GENERAL SUPPORT
$60,000
ECONOMIC PROSPERITY
$21,000
CHARITABLE DONATION
$9,750
Showing up to 5 of 28 total records — full history available with membership.
Officers & Directors
DIRECTOR
Adam Klein
VP OF FINANCE
Angela Poole
DIRECTOR
Angelique D Stallings
DIRECTOR
Dr Edward Fort
SECRETARY
Dr Tyrone R Baines
DIRECTOR
John Ham
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $6.5M | $6.7M | $19.1M |
| 2023 | $12.2M | $7.8M | $18.8M |
| 2022 | $6.4M | $5.1M | $12.7M |
| 2021 | $4.6M | $4.4M | $11.4M |
| 2020 | $1.7M | $1.7M | $9.0M |
Between 2020 and 2024, reported annual revenue grew from $1.7M to $6.5M (+279%), with total assets most recently reported at $19.1M.
Interactive year-over-year charts and full filing details available with membership.