2022-07-18T14:16:53-05:00 2021-12-31 SE McMASTER & ASSOCIATES PLLC 1825 K STREET NW STE 705 WASHINGTON DC 20006 990 2021-01-01 463673347 Croatan Institute % THE INSTITUTE CROA 9197947440 PO Box 2044 Durham NC 27702 Joshua Humphreys President/Chair 9197947440 2022-05-12 true Joshua Humphreys 999009999 S E McMaster CPA P00310424 2022235001 2 2021 2022-09-23 18:48:47Z Joshua Humphreys PO Box 2044 Durham NC 27702 818932 false X https://croataninstitute.org X 2013 NC CROATAN INSTITUTE'S MISSION IS TO BUILD SOCIAL EQUITY AND ECOLOGICAL RESILIENCE BY LEVERAGING FINANCE TO CREATE PATHWAYS TO A JUST ECONOMY. 5 2 9 28 0 490797 556219 339792 259454 580 556 3191 2703 834360 818932 0 0 0 0 337252 542037 0 0 87380 204926 232257 542178 774294 292182 44638 531016 638090 258538 320974 272478 317116 CROATAN INSTITUTE IS AN INDEPENDENT, NONPROFIT RESEARCH AND ACTION INSTITUTE WHOSE MISSION IS TO BUILD SOCIAL EQUITY AND ECOLOGICAL RESILIENCE BY LEVERAGING FINANCE TO CREATE PATHWAYS TO A JUST ECONOMY. false false 246832 105313 ECOLOGICAL RESILIENCE - Published report on regenerative agriculture and human health, worked with the World Business Council for Sustainable Development on a Soil Investment Guidance Report, continued a major feasibility analysis of place-based financing for regenerative, organic agricultural value chains, and secured funding for implementation of Soil Wealth Areas in North Carolina as a southeastern pilot. 242128 48145 Social Equity - Published "Capital at a Crossroads: Redirecting Capital for Racial Equity" paper and launched a related webinar series. Secured funding to provide online financial coaching workshops supplemented by one-to-one coaching to increase the financial resilience of BIPOC entrepreneurs, households, and farmers in NC. 136333 61745 Transformative Finance - Advised foundations on long-term strategies for capital deployment to improve environmental, agricultural, and health outcomes 625293 true true false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 10 0 true 9 true false false false false false false X 5 2 false false false false false false false true false false false true true true true false false true false false NC X THE INSTITUTE 9197947440 PO BOX 2044 Durham NC 27702 JOSHUA HUMPHREYS PRESIDENT/CHAIR 40.0 0.0 X X 94476 0 7740 CHRISTI ELECTRIS SECRETARY 40.0 0.0 X X 87367 0 1970 SHARLENE BROWN TREASURER 40.0 0.0 X X 59715 0 10303 GERARDO ESPINOZA DIRECTOR 1.0 0.0 X 0 0 0 ABRAHAM JONES DIRECTOR 1.0 0.0 X 0 0 0 241558 0 20013 0 false false false 0 308540 247679 556219 CONSULTING 259454 259454 259454 556 556 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS 2703 2703 2703 818932 262157 556 0 0 0 0 256788 183220 36999 36569 0 228281 199594 2648 26039 10177 8032 832 1313 11013 8692 900 1421 35778 28236 2924 4618 0 0 14873 14873 0 0 0 170241 156741 13500 10311 10311 6916 5378 765 773 8485 6697 693 1095 0 8486 6697 694 1095 8912 8850 62 0 0 0 0 638 504 52 82 1550 1223 127 200 MEMBERSHIP DUES 1402 1110 114 178 BANK FEES 443 8 435 774294 625293 61621 87380 2241 15957 403387 181089 13065 258872 24600 66587 0 0 0 0 0 0 0 0 2304 2756 4287 4287 638 0 0 0 0 0 0 0 83931 111979 850 850 531016 638090 104543 168595 0 0 33295 31679 0 0 0 0 0 0 0 0 120700 120700 0 0 258538 320974 X 137178 60491 135300 256625 272478 317116 531016 638090 44638 X false false X 50582 75648 194866 490284 600469 1411849 74956 175060 120836 339792 215204 925848 0 0 0 125538 250708 315702 830076 815673 2337697 0 19350 5950 4988 7497 98378 136163 19350 5950 4988 7497 98378 136163 2201534 355 31 542 580 556 2064 0 355 31 542 580 556 2064 0 3191 2703 5894 125893 250739 316244 833847 818932 2345655 0.93856 0.96639 0.00088 0.00103 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4287 4287 0 0 CONFLICT OF INTEREST POLICY The Organization's Conflicts of Interest policy is incorporated into the bylaws of Croatan Institute, as Article VII, where procedures for monitoring, review and compliance with the policy are specified. First, the policy is distributed annually to all Directors and Officers of Croatan Institute, each of whom certifies annually that the person has received a copy of the policy, has read and understands the policy, agrees to comply with the policy, understands that the policy applies to all Committees and Subcommittees acting with the authority of the Board of Directors, and understands that Croatan Institute is a charitable organization and that in order to maintain its tax-exempt status, it must continuously engage primarily in activities that accomplish one or more of its tax exempt purposes. This signed statement by Officers and Directors is recorded in the minutes of the Board of Directors. All interested persons among Officers and Directors of Croatan Institute are caused to disclose the existence of any financial interest. Any such interested persons are given the opportunity to disclose all material facts to the Board of Directors, or members of any committee considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person shall leave the Board or Committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Board or Committee members shall decide if a conflict of interest exists. 990 REVIEW The process that Croatan Institute uses to review the Form 990 is as follows: the President, serving in his capacity as Chief Executive Officer of the Institute, reviews the Form 990 and presents it to the Board of Directors for the Board's formal review and comments. The Board then votes on whether to adopt the Form 990 as presented or with modifications. Any modifications are made to the final Form 990, which is then shared with all members of the Board prior to its filing. The outcomes of the process of review are reflected in the minutes of Croatan Institute's Board of Directors. EXECUTIVE COMPENSATION The process for determining compensation of the organization's CEO, Executive Director, or top management official includes a review and approval of a compensation proposal that includes independent persons, comparability data and contemporaneous substantiation of the deliberation and decision. The board, with that individual recusing themselves if they are on the board as required by the Institute's Conflicts of Interest Policy, votes on the annual compensation plan at the Annual Board meeting. The contemporaneous substantiation of the Board's deliberation and decision is effected through recording the outcomes of the vote, the terms of the approved packages, including the compensation analysis, in the minutes of the Board of Directors. PUBLIC DISCLOSURE Croatan Institute makes available its governing documents, Conflict of Interest Policy, and IRS Forms 990 (including the financial statements incorporated therein) to the public upon request for the period of disclosure as set forth in Section 6104(D). BOARD COMMITTEES CURRENTLY, THE GOVERNING BODY DOES NOT HAVE SEPARATE COMMITTEES. FORM 990 PART IX LINE 11G DESCRIPTION:DEVELOPMENT CONSULTANT TOTAL FEES:13500 FORM 990 PART IX LINE 11G DESCRIPTION:PROGRAM CONSULTANTS TOTAL FEES:156741