Community Improvement & Capacity Building
Institute Capital Inc
DURHAM, NC
Total revenue
$3.3M
Total expenses
$2.5M
Net assets
$8.7M
Grants received
$1.9M
8 grants
EIN
562142717
Tax year
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 activities. 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.
Financials
FY 2024
Revenue
Expenses
People
10 listed
KEVIN J PRICE
PRESIDENT/CEO
$92K
20 hrs/wk
LISA JACKSON
BOARD MEMBER
—
1 hrs/wk
LEWIS H MYERS
CHAIRMAN
—
1 hrs/wk
SUZANNE MALONE
TREASURER
—
1 hrs/wk
EVAN SITTON
BOARD MEMBER
—
1 hrs/wk
TYRONE BAINES PHD
SECRETARY
—
1 hrs/wk
MICHAEL SUGGS
VICE CHAIR
—
1 hrs/wk
THURMAN SMITH
BOARD MEMBER
—
1 hrs/wk
ROBERTA MCCULLOUGH
SENIOR VP OPERATIONS
—
40 hrs/wk
ANGELA POOLE
V.P. OF FINANCE
—
20 hrs/wk
Grants received
Showing 8 of 8
Funded by
$1.9M from 5 funders · 8 grants · 2019–2024
$775K · 1 grant · 2022
$416K · 3 grants · 2022–2024
$340K · 1 grant · 2023
$275K · 2 grants · 2022
$59K · 1 grant · 2019