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. 27 publicly reported grants to this organization, totaling roughly $2.6M, appear in IRS filings.

EIN: 561579041 DURHAM, NC Latest filing: 2024
Total Revenue$6.5M
Total Expenses$6.7M
Total Assets$19.1M
Grant Records27
Funding Total$2.6M
Filing Years2020–2024

Mission

TO STRENGTHEN THE ASSET BASE OF DIVERSE POPULATIONS THROUGH POLICY, EDUCATION AND ECONOMIC OPPORTUNITIES.

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

ALLY PROGRAM
$886,398 6 grants
Project support
$809,950 1 grant
SEE PART IV
$383,500 4 grants
NCCARE 360 PROGRAM GRANT
$302,964 2 grants
GENERAL SUPPORT
$100,000 3 grants

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.

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