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 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.

Sample Grants Received

2024
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
$126,300
2023
SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
$190,000
2022
CDFI CAPACITY BUILDING PROGRAM GRANTS
$775,000
2022
FINANCE JUSTICE FUND SUBGRANT
$200,000
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

SEE PART IV
$1,904,235 2 grants
CDFI CAPACITY BUILDING PROGRAM GRANTS
$775,000 1 grant
SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
$290,000 2 grants
FINANCE JUSTICE FUND SUBGRANT
$200,000 1 grant
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
$126,300 1 grant

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.

See the full picture for INSTITUTE CAPITAL INC

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