Civic Intelligence

Institute Community Development Initiative Inc

EIN 92-3869485 • 501(c)3 • Durham, NC

Profile

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.

114 W Parrish StreetDurham, NC 27701

theinstitutenc.org/icdi

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.33x

Higher debt load relative to assets than 82% of similar nonprofits.

NTEE P20 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.33x

Higher debt load relative to revenue than 86% of similar nonprofits.

NTEE P20 • $500k-$1M nonprofits • Source year 2024

Net Margin

89th percentile

67%

Higher net margin than 89% of similar nonprofits.

NTEE P20 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$141,925

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 23.0% of source-year revenue.

NTEE P20 • $500k-$1M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

$618,258

No earlier filing loaded for comparison.

Liabilities

$205,601

No earlier filing loaded for comparison.

Net Assets

$412,657

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue86th percentileNet Margin89th percentile

Revenue

$618,258

No earlier filing loaded for comparison.

Expenses

$205,601

No earlier filing loaded for comparison.

Net Income

$412,657

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2024: $618,258Liabilities 2024: $205,601Net Assets 2024: $412,6572024

Highlighted filing

2024

Assets$618,258
Liabilities$205,601
Net Assets$412,657
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0Revenue 2024: $618,258Expenses 2024: $205,601Net Income 2024: $412,6572024

Highlighted filing

2024

Revenue$618,258
Expenses$205,601
Net Income$412,657
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$618,258
Liabilities
$205,601
Net assets
$412,657
Revenue
$618,258
Expenses
$205,601
Net income
$412,657
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.18$2.06$4.13$6.18$2.06$4.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$618,258
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$618,258-
Total Assets$0$618,258▲ $618,258
Liabilities
Accounts Payable and Accrued Expenses-$205,601-
Total Liabilities$0$205,601▲ $205,601
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$412,657-
Total Net Assets Fund Balance$0$412,657▲ $412,657
Total Liabilities and Net Assets / Fund Balance$0$618,258▲ $618,258
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleOtherTotal
Lea HenryDirector$141,925$141,925

Board Members and Trustees

NameTitle
Lewis H MyersChairman
Kevin J PricePresident/CEO
Michael SuggsVice Chairman
J Carl ManningDirector
Joel DancyDirector
Tyrone BainesSecretary
Suzanne MaloneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$500,000
Program Service Revenue
$118,258
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$412,657

Audited Revenue Reconciliation

Revenue per Audited Statements
$618,258
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$618,258
Total Revenue per Form 990
$618,258
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$138,268
Other Expenses$67,333
Total Fundraising Expense$6,323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$88,418$34,319$5,500$128,237
All Other Expenses$386$18,119-$18,505
Payroll Taxes$6,569$2,750$411$9,730
Other Expenses$5,740$3,325$397$9,065
Travel$1,983$3,925-$5,908
Other Employee Benefits$203$83$15$301
Office Expenses-$75-$75
Total Functional Expenses$118,258$81,020$6,323$205,601

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$205,601
Total Expenses per Audited Statements$205,601
Total Expenses per Form 990$205,601
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“Audit committee and Executive committee meet jointly to review the Form 990 prior to filing.”

Form 990, Part VI, Section B, line 12C

“The Board reviews the policy and adherence on a regular basis and has a reminder on each board meeting agenda”

Form 990, Part VI, Section B, line 15

“The personnel committee evaluates the President/CEO's compensation and makes salary recommendations based on salary comparability studies from the State and other nonprofits across the state.”

Form 990, Part VI, Section C, line 19

“Form 990 is available upon request.”

Filing and Contact Details

Filer

Filer Name
Institute Community Development
EIN
92-3869485
Phone
9199562313
Address
114 W Parrish Street, Durham, NC 27701

Signing Officer

Name
Kevin J Price
Title
President/CEO
Phone
9199562313
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin J Price
Formed
2023
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
McConnell & Jones LLP
Address
6114 Fayetteville Road Suite 101, Durham, NC 27713
Preparer
Kenneth Gibbs
Phone
9195440555
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Uncertain tax positions Income from certain activities not directly related to ICDI's taxexempt purposes may be subject to taxation as unrelated business income. Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined that ICDI had no uncertain income tax positions at December 31, 2024.”

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board reviews the policy and adherence on a regular basis and has a reminder on each board meeting agenda
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The personnel committee evaluates the President/CEO's compensation and makes salary recommendations based on salary comparability studies from the State and other nonprofits across the state.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN J PRICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09199562313
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Institute Community Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Initiative Inc
ReturnHeader/Filer/BusinessNameControlTxt0INST
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ReturnHeader/Filer/USAddress/AddressLine1Txt0114 W Parrish Street
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0McConnell & Jones LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06114 Fayetteville Road Suite 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Durham
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ReturnHeader/PreparerPersonGrp/PhoneNum09195440555
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kenneth Gibbs
ReturnHeader/ReturnTs02025-11-12T13:17:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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