North Carolina · Nonprofit
NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT
NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT (North Carolina) receives grants from 21 organizations whose IRS filings report $4,548,453 to it, the largest being PUBLIC ALLIES INC ($886,398). 11 of them have funded it in more than one year.
- Revenue FY2024
- $6.5M
- Funders on record
- 21
- Grants received
- $4.5M
- Net assets
- $14M
What National Institute of Minority Economic Development does
Mission
To strengthen the asset base of diverse populations through policy, education and economic opportunities.
As stated on its FY2024 Form 990.
Programs
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.
$1,014,934 spent22% of program spendingInstitute 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.
$1,296,467 spent28% of program spendingSmall 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.
$709,500 spent16% of program spendingOther programs include business and market development, public allies, center for professional services, policy & research and small business transportation resource center.
$1,539,705 spent34% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $4,560,606.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $2.1M to $9.0M (+322%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 50% · 2018 48% · 2019 55% · 2020 50% · 2021 29% · 2022 52% · 2023 64% · 2024 34%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Kevin J Price
President/CEO
Board chair
Lewis H Myers
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 11 funders, grant income rose $129k → $762k.
5 of 21 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 29% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $301k from 2 payers (the payer shares this organization's board, largest Ewing Marion Kauffman Foundation). These are real filings, and they are not money NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT raised.
From the IRS filings of NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT has a broad base — no single funder exceeds 19% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
67% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 39% · 2021 43% · 2022 47% · 2023 33% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
57% of NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT's funders are still giving 3 years after their first grant; 52% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT draws 61% of its grant income from funders outside North Carolina, across 9 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.3M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $7.7M on record.
- Small Business Administration$4.8M
- Department of Transportation$2.6M
- Department of Commerce$294k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
68% of spending goes to programs.
Governance
Public support
75%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 2 related entities
- Institute Capital Inc · exempt
- Institute Community Development · exempt
Screen this organization
A dated, signed PDF of the compliance screen for NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT?
- NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT (North Carolina) receives grants from 21 organizations whose IRS filings report $4,548,453 to it, the largest being PUBLIC ALLIES INC ($886,398). 11 of them have funded it in more than one year.
- How many funders does NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT have?
- IRS filings report 21 organizations giving $4,548,453 in grants to NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT, 11 of which have funded it in more than one year.
- Who is the largest funder of NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT?
- PUBLIC ALLIES INC is the largest funder on record, with $886,398 in grants. The full list of funders is on this page.
- How can an organization like NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds National Institute of Minority Economic Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 21 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing