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Nonprofiteer
← INSTITUTE CAPITAL INC

Form 990 for tax year 2024

Filed by INSTITUTE CAPITAL INC.

Totals

Total revenue
$3,302,522
Total expenses
$2,489,074
Contributions and grants received
$924,300
Grants paid
$56,250
Program service revenue
$2,375,137
Investment income
$3,085
Other revenue
$0
Total assets, end of year
$41,335,812
Total liabilities, end of year
$32,592,128
Net assets or fund balances, end of year
$8,743,684
Program services expenses (Part IX)
$2,026,764
Management and general expenses
$442,843
Fundraising expenses
$19,467
Program service expenses (Part III)
$2,026,764

Program services were 81.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KEVIN J PRICE

    PRESIDENT/CEO

    Total calculated
    $199,980
    From this org
    $92,295
    From related orgs
    $92,295
    Other
    $15,390
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $92,295 + $92,295 related
    Bonus
    $0
    Other
    $0
    Deferred
    $5,764
    Nontaxable benefits
    $9,626
    Filer's total
    $107,685 + $92,295 related

  • LISA JACKSON

    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

  • EVAN SITTON

    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

  • ROBERTA MCCULLOUGH

    SENIOR VP OPERATIONS

    Total calculated
    $131,359
    From this org
    $0
    From related orgs
    $109,564
    Other
    $21,795
    Hours/week
    40

  • ANGELA POOLE

    V.P. OF FINANCE

    Total calculated
    $144,409
    From this org
    $0
    From related orgs
    $121,431
    Other
    $22,978
    Hours/week
    20 + 20 related

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, and on a Form 990-PF Part VIII's — 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

No itemized grants to organizations on this return.

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
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202523169349305337

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