Public Charity

INSTITUTE CAPITAL INC

Based in Durham, NC, INSTITUTE CAPITAL INC operates as a Public Charity. The organization reported $3.3M in revenue, $2.5M in expenses, $41.3M in total assets for fiscal year 2024. Imperigo tracks 10 reported grant relationships connected to this organization totaling approximately $3.5M.

EIN: 562142717 Durham, NC Economic Development NTEE: S30 Latest filing: 2024
Total Revenue$3.3M
Total Expenses$2.5M
Total Assets$41.3M
Grant Records10
Funding Total$3.5M
Filing Years2020–2024

Mission

INSTITUTE CAPITAL, INC. IS A NOT-FOR-PROFIT ORGANIZATION WHOSE PURPOSE IS TO DEVELOP AND/OR PRESERVE AFFORDABLE HOUSING, ENCOURAGE AND STIMULATE COMMUNITY AND ECONOMIC DEVELOPMENT, AND EXPAND ECONOMIC OPPORTUNITIES AND PROVIDE FINANCING FOR COMMUNITY DEVELOPMENT. INSTITUTE CAPITAL INC. IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE U.S. DEPARTMENT OF THE TREASURY AND IS SUPPORTED PRIMARILY BY GOVERNMENT GRANTS AND INCOME FROM LOANS. THE ORGANIZATION'S INVESTMENT AREA INCLUDES NORTH CAROLINA, SOUTH CAROLINA, VIRGINIA, WEST VIRGINIA, KENTUCKY, AND THE DC METRO AREA.

Where $100 goes at Institute Capital Inc

How Institute Capital Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$85 Programs the work itself
$14 Management running the organization
$1 Fundraising raising the next dollar

Inside the $85 for programs

$85
A community development financial institution (cdfi) certified by the u.S
All program spending
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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

THE ASPEN INSTITUTE INC
2024
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
$126,300
THE ASPEN INSTITUTE INC
2023
SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
$190,000
RURAL ECONOMIC DEVELOPMENT CENTER INC
2022
CDFI CAPACITY BUILDING PROGRAM GRANTS
$775,000
OPPORTUNITY FINANCE NETWORK
2022
FINANCE JUSTICE FUND SUBGRANT
$200,000
THE ASPEN INSTITUTE INC
2022
SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
$100,000

Showing up to 5 of 10 total records — full history available with membership.

Officers & Directors

V.P. OF FINANCE Angela Poole
BOARD MEMBER Evan Sitton
PRESIDENT/CEO Kevin J Price
CHAIRMAN Lewis H Myers
BOARD MEMBER Lisa Jackson
VICE CHAIR Michael Suggs

Officer compensation and complete director data available with membership.

Top Grant Purposes

Training & Professional Development
$775,000 1 grant
Economic Development
$416,300 3 grants
Civil Rights & Social Justice
$200,000 1 grant
General Support
$172,356 3 grants
Unspecified
$1,904,235 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $3.3M $2.5M $41.3M
2023 $6.2M $3.6M $31.6M
2022 $2.9M $2.6M $25.4M
2021 $2.5M $1.3M $22.8M
2020 $1.6M $2.4M $19.6M

Between 2020 and 2024, reported annual revenue grew from $1.6M to $3.3M (+107%), with total assets most recently reported at $41.3M.

Interactive year-over-year charts and full filing details available with membership.

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