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Nonprofiteer
← INSTITUTE CAPITAL INC

Form 990 for tax year 2022

Filed by INSTITUTE CAPITAL INC.

Totals

Total revenue
$2,867,118
Total expenses
$2,586,659
Contributions and grants received
$1,370,388
Grants paid
$408,334
Program services expenses (Part IX)
$2,255,975
Management and general expenses
$294,279
Fundraising expenses
$36,405
Program service expenses (Part III)
$2,255,975

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KEVIN J PRICE

    PRESIDENT/CE

    Total calculated
    $196,801
    From this org
    $0
    From related orgs
    $182,470
    Other
    $14,331
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    not reported + $182,470 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $5,700 related
    Nontaxable benefits
    not reported + $8,631 related
    Filer's total
    not reported + $196,801 related

  • ROBERTA MCCULLOUGH

    SENIOR VP OP

    Total calculated
    $127,057
    From this org
    $0
    From related orgs
    $114,919
    Other
    $12,138
    Hours/week
    40

  • ANGELA POOLE

    V.P. OF FINA

    Total calculated
    $122,934
    From this org
    $0
    From related orgs
    $110,977
    Other
    $11,957
    Hours/week
    20 + 20 related

  • WALTER DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LISA JACKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LORI JONES-GIBBS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LEWIS H MYERS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE MALONE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TYLER MULLIGAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK NEWMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TYRONE BAINES PHD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SUGGS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • THURMAN SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • GRANIT TRAINING GROUP LLC

    $150,000

    DISASTER RECOVERY

  • CUNNINGHAM & SONS MORTUARY INC

    $100,000

    DISASTER RECOVERY

  • SIMMONS EARLY INTERVENTION THERAPY

    $100,000

    DISASTER RECOVERY

  • C&M UNISEX HAIR SALON AND BARBERSHO

    $33,334

    DISASTER RECOVERY

  • HEART TO HEART SITTER SERVICES LLC

    $25,000

    DISASTER RECOVERY

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349306489

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