2021-09-22T03:25:06-04:00 2020-12-31 461516762 Faith Bynum CPA PC 2609 Atlantic Ave Suite 201 Raleigh NC 27604 990 2020-01-01 463673347 CROATAN INSTITUTE % Joshua Humphreys CROA 9197947440 PO BOX 2044 DURHAM NC 277022044 Joshua Humphreys President Chair 2021-09-22 false Faith Bynum P01700602 9198586807 2021-09-22 2020 2022-09-23 18:48:47Z Joshua Humphreys PO BOX 2044 DURHAM NC 277022044 585197 false X X 2013 NC 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. 5 2 7 28 200 0 78060 229495 134321 339792 542 580 3 15330 212926 585197 0 500 0 0 76939 313615 0 13250 13786 136130 169361 213069 496726 -143 88471 126367 621450 120769 269850 5598 351600 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 186740 0 151492 Launched a major initiative on Regenerative Organic Agricultural Districts in the US and contributed to collaborative initiatives on post-Brexit agroecological transition finance in the UK and Grassland 2.0 a multi-year initiative to transition the Midwest to more grassland-based agricultural systems. 163432 0 47200 Opened a new phase of our Racial Equity Economics Finance and Sustainability REEFS initiative focused on developing a total portfolio toolkit for racial equity investing contributed to a major Healthy Food Access Mapping project with place-based partners in NC and conducted a national survey of COVID-19 capital needs for regenerative food value chains. 97835 0 141100 Collaborated with networks such as the GIIN US Farmers and Ranchers in Action and US SIF Foundation on major research and resources on sustainable finance and transformative investment and launched a new series of online Croatan Conversations to bring leaders at the frontlines of finance social change and ecological resilience into deep dialogue about solutions to some of the world's most pressing challenges. 448007 true true false false false false false false false false true 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 true 15 0 false 7 true false false false false false 0 0 false X 5 2 false false false false false false false true false false false true true true true false true true false false NC X Joshua Humphreys 9197947440 PO BOX 2044 DURHAM NC 277022044 Joshua Humphreys President Chair 40.00 0.00 X X 70884 0 0 Christi Electris Secretary 40.00 0.00 X X 85171 0 0 Sharlene Brown Treasurer 20.00 0.00 X X 18333 0 0 Tucker Moorshead Vice President 0.30 0.00 X X 0 0 0 Abraham Jones Director 0.30 0.00 X 0 0 0 174388 0 0 0 false false false 0 0 0 0 88764 140731 0 229495 Ecological Resilience 541620 151492 151492 0 0 Transformative Finance 541611 141100 141100 0 0 Social Equity 541618 47200 47200 0 0 339792 580 580 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PPP loan 15130 15130 0 0 Parking Space Revenue 812930 200 0 200 0 15330 585197 355502 200 0 X 0 0 500 0 0 0 174388 162355 11755 278 0 0 0 0 121800 113396 8209 195 0 0 0 0 471 439 32 0 16956 15786 1143 27 0 0 0 0 0 0 0 0 9433 0 9433 0 0 0 0 0 13250 13250 0 0 0 0 120298 120298 0 0 4251 3958 286 7 50 0 50 0 0 0 0 0 0 0 0 0 0 0 0 0 3589 2815 774 0 0 0 0 0 206 206 0 0 191 178 13 0 0 0 0 0 0 0 0 0 878 818 59 1 Rent 8963 8963 0 0 Website 8929 8313 602 14 Computer Software 4697 4412 279 6 Telephone 2480 2309 167 4 5396 3761 1631 4 496726 448007 34433 13786 4053 2241 22146 403387 5000 26909 18734 26000 0 0 0 0 0 0 0 0 3004 2494 4287 3649 72580 638 0 0 0 0 0 0 0 83931 850 75850 126367 621450 95469 109136 0 6719 11708 33295 0 0 0 0 3176 0 0 0 0 120700 10416 0 120769 269850 X 5598 66299 0 285301 5598 351600 126367 621450 X 88471 0 0 0 -27770 285301 X false false false X 69357 50582 75648 78108 229495 503190 244440 74956 175060 120836 339792 955084 313797 125538 250708 198944 569287 1458274 0 13566 0 0 0 13566 0 13566 0 0 0 13566 1444708 383 355 31 542 580 1891 383 355 31 542 580 1891 0 0 0 0 200 200 0 0 0 0 15330 15330 314180 125893 250739 199486 585397 1475695 0.97900 0.98 0.00128 0.00 X Part III, line 12 | S.No:, Amount:, Description:| 1, 15130.00, PPP loan| 2, 200.00, Parking Space Revenue| RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 0 0 0 0 0 0 0 0 0 0 0 4287 0 3649 638 0 0 0 0 638 Long-term Pledge Receivable 75000 Security Deposits 850 75850 Part VI, Section A, Line 8b CURRENTLY THE GOVERNING BOARD DOES NOT HAVE SEPARATE COMMITTEES. Part VI, Section B, Line 11b 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 DISCUSSION. 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. Part VI, Section B, Line 12c 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 the 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 committee and subcommittees acting with the authority of the board of directors and understands that the corporation is a charitable organization and that in order to maintain its tax-exempt status it must continuously engage primarily in activities which accomplish one or more of its tax exempt purposes this signed statement by officers and directors is recorded in the minutes of action of the board of directors. All interested persons among officers and directors of the 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 Part VI, Section B, Line 15 | Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| JOSHUA HUMPHREYS, DIRECTORS DELIBERATE AND VOTE. SUCH RECUSAL IS REQUIRED BY THE INSTITUTE'S CONFLICT OF INTEREST POLICY. THE CONTEMPORANEOUS SUBSTANTIATION OF THE BOARD'S DELIBERATION AND DECISION IS EFFECTED THROUGH RECORDING THE OUTCOMES OF THE VOTE THE TERMS OF THE APPROVED PACKAGE INCLUDING THE COMPENSATION ANALYSIS IN THE MINUTES OF ACTION OF THE BOARD OF DIRECTORS., 2020| Part VI, Section C, Line 19 THE 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. Part IX, line 11g | Description:, Amount:| Project services, $120298| Part XI, Line 9 | Description:, Explanation:, Amount:| Restricted Net Assets, Restricted Net Assets, $285301|