Nonprofit · EIN 92-3869485
INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC
Tax-exempt · DURHAM, NC 27701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $618,258 | $205,601 | $412,657 | $618,258 | $205,601 | $412,657 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $500,000
- Program service revenue
- $118,258
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $128,237
- Salaries, compensation and benefits (total)
- $138,268
- Professional fundraising fees
- $0
- Travel
- $5,908
- Program services (functional)
- $118,258
- Management and general (functional)
- $81,020
- Fundraising (functional)
- $6,323
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $618,258
- Total liabilities, end of year
- $205,601
- Net assets, end of year
- $412,657
- Net assets without donor restrictions
- $412,657
- Gross receipts
- $618,258
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2023
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Lea Henry | Director Officer | 1 | $0 | $132,188 | $9,737 |
| Tyrone Baines | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Joel Dancy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Suzanne Malone | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| J Carl Manning | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lewis H Myers | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kevin J Price | PRESIDENT/CEO Trustee or director, Officer | 0 | $0 | $0 | $0 |
| Michael Suggs | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 114 W PARRISH STREET, DURHAM, NC 27701-3365
- In care of
- % KEVIN J PRICE
- Principal officer (990 for 2024)
- KEVIN J PRICE, PO BOX 1331, DURHAM, NC 27702
- Signed the 990
- KEVIN J PRICE, PRESIDENT/CEO
- Phone
- (919) 956-2313
- Return prepared by
- McConnell & Jones LLP
Mission
Institute Community Development Initiative leads North Carolina's collaborative community economic development efforts, driving innovation, investment, and action to create prosperous, sustainable communities. The Initiative has been established as a trusted intermediary to strategically assemble and invest funds in community development organizations across the state.
Program accomplishments
- CED NetworkCreated a framework for a network of community economic development and affordable housing nonprofits. Developed an initial list of more than 70 organizations to contact and collect data.Expenses $118,258
- Guilford County Home Ownership ProjectCompleted a cohort of an emerging developer program, providing 9 sessions of relevant topics to more than 20 particpants. Held 9 Community of Practice meetings.
- NC Digital Equity PlanAssisted an NC state agency in writing the NC Digital Equity Plan for submisison to the federal government.
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 | Check at the IRS |
IRS record
- EIN
- 92-3869485
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $618,258
- Income (IRS master file)
- $618,258
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $618,258 | $205,601 | $618,258 | XML |
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 92-3869485).
Questions about INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC
- What is the EIN of INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC?
- The employer identification number (EIN) of INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC is 92-3869485.
- Is INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC 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 INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC 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 INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC 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 INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC?
- The 990 for the year ended December 31, 2024 names KEVIN J PRICE.
- Who are the officers and directors of INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does INSTITUTE COMMUNITY DEVELOPMENT INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $618,258, expenses of $205,601 and total assets of $618,258 at year end.
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