Institute Community Development Initiative Inc
Donations deductibleRevenue
$618k
year to 31 December 2024
Expenses
$206k
year to 31 December 2024
Total assets
$618k
$206k liabilities
Net assets
$413k
assets less liabilities
Directors and trustees
7
2.4 years on average
Staff
0
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Officers and senior staff
1
named in Part VII
Institute Community Development Initiative Inc's network
7 people6 organisationsi7 people and 6 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (7). Violet dotted lines (10) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
7 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 7 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Lewis H Myers Chair | Chairman | 2024 | 2 yrs |
| J Carl Manning | Director | 2024 | 2 yrs |
| Joel Dancy | Director | 2024 | 2 yrs |
| Kevin J Price | President/CEO | 2024 | 2 yrs |
| Michael Suggs | Vice Chairman | 2024 | 2 yrs |
| Suzanne Malone | Treasurer | 2024 | 2 yrs |
| Tyrone Baines | Company secretary | 2024 | 2 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Lea Henry | Director | 2024 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Tyrone Baines | Secretary | 1 | $0 | ||
| Joel Dancy | Director | 1 | $0 | ||
| Suzanne Malone | Treasurer | 1 | $0 | ||
| J Carl Manning | Director | 1 | $0 | ||
| Lewis H Myers | Chairman | 1 | $0 | ||
| Kevin J Price | President/CEO | 0 | $0 | ||
| Michael Suggs | Vice Chairman | 1 | $0 | ||
| Lea Henry | Director | 1 | $0 | $132k | $10k |
About
- Legal name
- Institute Community Development Initiative Inc
- EIN
- 923869485
- Address
- 114 W Parrish Street, Durham, NC, 27701-3365
- State
- North Carolina
- 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. (as filed on the Form 990)
- Activity (NTEE)
- P20 Human services
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Human Services
- Size band
- 5 (IRS master file code)
- Formed
- 2023
- Principal officer
- Kevin J Price (as named on the Form 990)
- IRS ruling date
- 1 May 2024
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 1, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥2years on the filingsLewis H Myers
≥2years on the filingsJ Carl Manning
≥2years on the filingsJoel Dancy
≥2years on the filingsKevin J Price
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $618k
- Total liabilities
- $206k
- Net assets or fund balances
- $413k
- Contributions and grants received
- $500k
- Program service revenue
- $118k
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $618k | $206k | $413k |
As filed on the IRS Form 990. US dollars.