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INSTITUTE CAPITAL INC

EIN 56-2142717 DURHAM, NC

Revenue 2024
$3,302,522
Expenses 2024
$2,489,074

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

As filed

Subsection
03
NTEE code
S30
Classification
1000
Street
PO BOX 1331

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • 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 — 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $3,302,522
    Expenses
    $2,489,074
    Contributions
    $924,300
    Grants paid
    $56,250
  • 2023
    Revenue
    $6,193,834
    Expenses
    $3,585,434
    Contributions
    $4,845,430
    Grants paid
    $36,000
  • 2022
    Revenue
    $2,867,118
    Expenses
    $2,586,659
    Contributions
    $1,370,388
    Grants paid
    $408,334

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

  • GRANIT TRAINING GROUP LLC

    $150,000

    2022 DISASTER RECOVERY

  • CUNNINGHAM & SONS MORTUARY INC

    $100,000

    2022 DISASTER RECOVERY

  • SIMMONS EARLY INTERVENTION THERAPY

    $100,000

    2022 DISASTER RECOVERY

  • C&M UNISEX HAIR SALON AND BARBERSHO

    $33,334

    2022 DISASTER RECOVERY

  • HEART TO HEART SITTER SERVICES LLC

    $25,000

    2022 DISASTER RECOVERY

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.