Nonprofit · EIN 46-3673347
CROATAN INSTITUTE
Tax-exempt · DURHAM, NC 27702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,201,287 | $1,703,190 | -$501,903 | $1,586,847 | $1,565,849 | $20,998 |
| December 31, 2023 | 990 | $1,999,080 | $1,631,380 | $367,700 | $1,316,658 | $788,436 | $528,222 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $994,541
- of which government grants
- $494,180
- Program service revenue
- $171,577
- Investment income
- $34,670
- Net gain from sales of assets
- $991
- Other revenue
- $499
Expenses
- Grants and similar amounts paid
- $750
- Compensation of officers, directors and key employees
- $482,524
- Other salaries and wages
- $590,768
- Salaries, compensation and benefits (total)
- $1,181,939
- Professional fundraising fees
- $60,000
- Accounting fees
- $20,884
- Occupancy
- $12,881
- Travel
- $53,017
- Program services (functional)
- $1,248,440
- Management and general (functional)
- $373,429
- Fundraising (functional)
- $81,321
Balance sheet and other
- Total assets, start of year
- $1,316,658
- Total assets, end of year
- $1,586,847
- Total liabilities, end of year
- $1,565,849
- Net assets, end of year
- $20,998
- Publicly traded securities
- $100,792
- Net assets without donor restrictions
- -$299,835
- Net assets with donor restrictions
- $320,833
- Gross receipts
- $1,203,636
- Employees
- 14
- Volunteers
- 36
- Year formed
- 2013
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSHUA HUMPHREYS | PRESIDENT/CHAIR, SENIOR FELLOW Trustee or director, Officer | 40 | $141,065 | $8,836 |
| CHRISTI ELECTRIS | ED, SR. FELLOW, AND BOARD DIRECTOR Trustee or director, Officer | 40 | $127,354 | $2,549 |
| SHARLENE BROWN | TREASURER (THRU NOV), SENIOR FELLOW Trustee or director, Officer | 30 | $113,305 | $7,099 |
| ANNA ASPENSON | DIRECTOR, SENIOR ASSOCIATE Trustee or director | 40 | $77,109 | $5,207 |
| ABRAHAM JONES | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| DAVID SAND | TREASURER (AS OF DECEMBER) Trustee or director, Officer | 0.75 | $0 | $0 |
| WILLIAM J BARBER III | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GERARDO ESPINOZA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MASIKA HENSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LISA WOLL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSHUA HUMPHREYS | PRESIDENT/CHAIR, SENIOR FELLOW Trustee or director, Officer | 40 | $106,713 | $7,468 |
| CHRISTI ELECTRIS | SECRETARY, SENIOR FELLOW Trustee or director, Officer | 40 | $105,955 | $3,364 |
| SHARLENE BROWN | TREASURER, SENIOR FELLOW Trustee or director, Officer | 30 | $83,579 | $6,150 |
| ANNA ASPENSON | DIRECTOR, SENIOR ASSOCIATE Trustee or director | 40 | $68,295 | $4,836 |
| ABRAHAM JONES | VICE PRESIDENT Trustee or director, Officer | 0.3 | $0 | $0 |
| WILLIAM J BARBER III | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| GERARDO ESPINOZA | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MASIKA HENSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DAVID SAND | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2044, DURHAM, NC 27702-2044
- In care of
- % THE INSTITUTE
- Principal officer (990 for 2024)
- JOSHUA HUMPHREYS, PO BOX 2044, DURHAM, NC 27702
- Signed the 990
- CHRISTI ELECTRIS, EXECUTIVE DIRECTOR/SR. FELLOW
- Phone
- (919) 794-7440
- Website
- CROATANINSTITUTE.ORG
- Return prepared by
- HAN GROUP LLC
Mission
CROATAN INSTITUTE IS AN INDEPENDENT, NONPROFIT RESEARCH AND ACTION INSTITUTE WHOSE MISSION IS TO BUILD SOCIAL EQUITY AND ECOLOGICAL RESILIENCE BY LEVERAGING FINANCE TO CREATE PATHWAYS TO A JUST ECONOMY.
Program accomplishments
- ECOLOGICAL RESILIENCE - CONTINUED DEVELOPMENT OF THE NORTH CAROLINA SOIL WEALTH AREAS, PLACE-BASED FINANCING DISTRICTS THAT CONNECT REGENERATIVE AGRICULTURE PRODUCERS AND VALUE CHAIN BUSINESSES WITH ALIGNED CAPITAL AND TECHNICAL ASSISTANCE. ORGANIZED A CONVENING OF OVER 40 STAKEHOLDERS IN NC FOR A TWO-DAY WORKING SESSION FOR DEEP DISCUSSIONS, FIELD VISITS, AND TRUST BUILDING. LAUNCHED A NEW COHORT OF TEN FARMERS TO SUPPORT ON-FARM IMPLEMENTATION OF CONSERVATION PRACTICES, DEVELOP BUSINESS PLANS, AND CONNECT FARMERS TO ALIGNED CAPITAL. RELEASED A NEW REPORT, "MODELS AND OPPORTUNITIES FOR FINANCING GRAIN CHAINS IN THE MIDWEST." FINALIZED RESEARCH ON TWO PROJECTS, ONE ON AGROFORESTRY FINANCE AND ONE ON THE MARKET POTENTIAL OF THE NUTRITIONAL AND ECOSYSTEM BENEFITS OF REGENERATIVE AGRICULTURE WHICH WILL CULMINATE IN FORTHCOMING REPORTS TO BE RELEASED IN 2025. FINALIZED AND PREMIERED ITS FIRST-EVER SHORT FILM, "SOIL WEALTH: INVESTING IN REGENERATIVE AGRICULTURE," WHICH DEMONSTRATES EFFECTIVE PRACTICAL SOLUTIONS FOR FUNDING THE FUTURE OF RESILIENT AND SUSTAINABLE FOOD SYSTEMS.Expenses $423,490 · revenue $58,219
- SOCIAL EQUITY - CROATAN INSTITUTE WELCOMED OVER 30 FARMERS, TECHNICAL ASSISTANCE PROVIDERS, AND INVESTORS TO THE INAUGURAL FARMER STAKEHOLDER MEETING IN NORTH CAROLINA TO PROVIDE DIRECT ONE-ON-ONE SUPPORT AND ACCESS TO NEW PROGRAMS TO SUPPORT FARMERS AND LANDOWNERS' NEEDS. LED 6TH COHORT OF UNDERSERVED FARMERS IN NORTH CAROLINA, WHICH INCLUDED AN IN-PERSON WORKSHOP DAY CENTERED ON PERSONAL FINANCIAL SECURITY. BUILT THE FARMWISE HUB, A VIRTUAL PLATFORM OFFERING FREE, ONLINE WORKSHOPS ALONG WITH ONE-TO-ONE FINANCIAL COACHING TO ASSIST UNDERSERVED FARMERS, RANCHERS, AND LANDOWNERS BUILD STRONG FINANCIAL SYSTEMS THAT LEAD TO GREATER RESILIENCE AND IMPROVED ACCESS TO WEALTH-BUILDING OPPORTUNITIES. DEVELOPED THE NORTH CAROLINA EQUITABLE FOODSHED MAP, A RESOURCE TO SUPPORT FARMERS SEEKING TECHNICAL ASSISTANCE AND FINANCIAL SUPPORT. COMPILED A COLLECTION OF USDA RESOURCES AND BUILT AN AGRITOURISM DIRECTORY OF SMALL AND UNDERSERVED FARMS FOR THE FARMWISE PLATFORM.Expenses $414,760 · grants $750 · revenue $56,993
- TRANSFORMATIVE FINANCE - CROATAN INSTITUTE RELEASED A NEW RAISER (RESEARCH, ACTION, AND INSIGHTS FOR SOCIAL AND ENVIRONMENTAL RETURNS) TOOL TO HIGHLIGHT THE INSTITUTE'S RIGOROUS INVESTMENT RESEARCH, INCLUDING A POWERFUL DATABASE OF INVESTABLE PRODUCTS ACROSS ASSET CLASSES. LAUNCHED TWO PUBLICLY AVAILABLE DATASETS ON THE INSTITUTE'S WEBSITE - A FOOD AND AGRICULTURE INVESTMENT DATASET HIGHLIGHTING INVESTIBLE OPPORTUNITIES ADVANCING SUSTAINABLE AND REGENERATIVE AGRICULTURE, AND A RACIAL EQUITY INVESTING DATASET HIGHLIGHTING INVESTIBLE PRODUCTS AND ADVISORS ADVANCING EQUITABLE OUTCOMES FOR COMMUNITIES AND ENTREPRENEURS OF COLOR. HOSTED THE BLAISE PROGRAM'S VIRTUAL LEARNING WEEK WITH OVER 80 STUDENT PARTICIPANTS REPRESENTING NEARLY FIFTY UNIVERSITIES AND COLLEGES TO LEARN FROM AND NETWORK WITH TWENTY-EIGHT INDUSTRY LEADERS IN THE IMPACT INVESTING SPACE.Expenses $410,190 · revenue $56,365
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3673347
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C30)
- Assets (IRS master file)
- $1,586,847
- Income (IRS master file)
- $1,203,636
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,201,287 | $1,703,190 | $1,586,847 | IRS |
| 990 | December 2023 | $1,999,080 | $1,631,380 | $1,316,658 | XML |
| 990 | December 2022 | $1,384,434 | $1,488,612 | $831,046 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3673347).
Questions about CROATAN INSTITUTE
- What is the EIN of CROATAN INSTITUTE?
- The employer identification number (EIN) of CROATAN INSTITUTE is 46-3673347.
- Is CROATAN INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to CROATAN INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CROATAN INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CROATAN INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CROATAN INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CROATAN INSTITUTE?
- The 990 for the year ended December 31, 2024 names JOSHUA HUMPHREYS.
- Who are the officers and directors of CROATAN INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 10 people; 4 received compensation from the organization, the highest $141,065 (JOSHUA HUMPHREYS, PRESIDENT/CHAIR, SENIOR FELLOW).
- How much revenue does CROATAN INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,201,287, expenses of $1,703,190 and total assets of $1,586,847 at year end.
Other nonprofits in DURHAM
- TRIANGLE LAND CONSERVANCY INC EIN 58-1514406 · last filed 990 for 2025
- THE SCRAP EXCHANGE INC EIN 56-1728718 · last filed 990 for 2024
- ELLIOTSVILLE FOUNDATION INC EIN 13-4223002 · last filed 990-PF for 2024
- EAST COAST GREENWAY ALLIANCE INC EIN 04-3326812 · last filed 990 for 2025
- SCHOOLHOUSE OF WONDER EIN 56-1670472 · last filed 990 for 2025
- NC WARN INCORPORATED EIN 56-1734433 · last filed 990 for 2025
- ASSOCIATION FOR THE PRESERVATION OF THE ENO RIVER VALLEY INC EIN 56-1134204 · last filed 990 for 2025
- FOREST HISTORY SOCIETY INC EIN 41-0762363 · last filed 990 for 2025