Program areas at National Institute of Minority Economic Development
Women's business center - are located in the raleigh-durham area, charlotte, richmond, and greensboro and strive to promote Economic self-sufficiency for women in north carolina and virgina, in both rural and urban communities, through entrepreneurship. The wbcs are partially funded by the u.s. small business administration awards.
Small business nonprofit incubator - rental space is provided to small businesses / nonprofit organizations at below-market rates in an effort to help strengthen their operating capacity and ability to grow.
Institute capital - a community Development financial institution (cdfi) certified by the u.s. department of the treasury. This statewide public private partnership provides leadership and capital investments to encourage and stimulate community Development, expand economicopportunities, and provide financing for community and Economic Development activities.
Other programs include business and market Development, public allies, center for professional services, policy & research and small business transportation resource center.
Who funds National Institute of Minority Economic Development
Grants from foundations and other nonprofits
Personnel at National Institute of Minority Economic Development
| Name | Title | Compensation | Date of data |
|---|
| Kevin J Price | President and Chief Executive Officer | $182,470 | 2023-11-15 |
| Kaye Gantt | Executive Vice - President and Chief Operating Officer | $126,535 | 2024-11-24 |
| Tanya Branch | Chief Financial Officer | $59,583 | 2024-11-24 |
| Angela Poole | Vice President of Finance / Vice President of Financ / Interim Chief Financial Officer | $110,977 | 2022-12-31 |
| Roberta McCullough | Senior Vice President Op | $114,919 | 2022-12-31 |
| ...and 1 more key personnel |
Financials for National Institute of Minority Economic Development
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $9,328,500 | $4,713,761 | 97.9% |
| Program services | $1,531,500 | $816,438 | 87.6% |
| Investment income and dividends | $700 | $384 | 82.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $278,672 | $134,614 | 107% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $1,055,059 | $732,677 | 44% |
| Total revenues | $12,194,431 | $6,397,874 | 90.6% |
Organizations like National Institute of Minority Economic Development
| Organization | Type | Location | Revenue |
|---|
| Michigan Minority Supplier Development Council (MMSDC) | 501(c)(3) | Detroit, MI | $3,428,137 |
| Ohio History Connection | 501(c)(3) | Columbus, OH | $29,897,248 |
| The Entomological Society of America | 501(c)(3) | Annapolis, MD | $6,392,981 |
| Society of American Foresters | 501(c)(3) | Washington, DC | $4,607,286 |
| Texas Computer Education Association | 501(c)(3) | Austin, TX | $4,670,075 |
| Indiana AEYC | 501(c)(3) | Indianapolis, IN | $9,722,273 |
| Pennsylvania Horticultural Society (PHS) | 501(c)(3) | Philadelphia, PA | $37,774,118 |
| Archaeological Institute of America | 501(c)(3) | Boston, MA | $7,203,465 |
| Florida State Minority Supplier Development Council (SFMSDC) | 501(c)(3) | Miami, FL | $3,415,254 |
| Business and Community Lenders of Texas | 501(c)(3) | Austin, TX | $3,088,394 |
Data update history
January 7, 2025
Used new vendors
Identified 1 new vendor, including
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Professional associationsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Business and industry
Characteristics
State / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
- Address
- Post Office Box 1331
- Durham, NC 27702
- Metro area
- Durham-Chapel Hill, NC
- County
- Durham County, NC
- Website URL
- theinstitutenc.org/Â
- Phone
- (919) 956-8889
- Twitter profile
- @institutemediaÂ
IRS details
- EIN
- 56-1579041
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1986
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 813920: Professional Associations
- Parent/child status
- Central organization
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