2016-09-08T08:57:11-05:00 2015-12-31 420714325 RSM US LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2015-01-01 463673347 CROATAN INSTITUTE CROA 9197947440 PO BOX 2044 DURHAM NC 27702 JOSHUA HUMPHREYS PRESIDENT 9197947440 2016-08-30 1 ADRIENNE MCKINNEY P00819656 3362724551 2015 2016-12-15 16:53:06Z JOSHUA HUMPHREYS PO BOX 2044 DURHAM NC 27702 209848 0 X WWW.CROATANINSTITUTE.ORG X 2013 NC INDEPENDENT RESEARCH INSTITUTE WORKING AT THE NEXUS OF FINANCE AND SUSTAINABILITY. 3 2 3 3 0 0 51181 54461 250943 155347 99 40 55 0 302278 209848 0 0 0 0 102365 20512 0 160 10644 217047 207452 319412 228124 -17134 -18276 53316 60314 44366 69640 8950 -9326 THE BOARD HAS NOT ADOPTED A FORMAL MISSION STATEMENT. 0 0 181917 155347 PROVIDES ENVIRONMENTAL AND SOCIAL SCIENTIFIC RESEARCH SERVICES TO A VARIETY OF ORGANIZATIONS AND RESEARCH SPONSORS. RESEARCH AND THE OUTCOMES OF ENGAGEMENTS ARE REGULARLY PUBLISHED, PRESENTED AT CONFERENCES AND MADE PUBLICLY AVAILABLE. 181917 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 3 1 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 NC X JOSHUA HUMPHREYS 9197947440 123 W MAIN STREET STE 230 DURHAM NC 27701 JOSHUA HUMPHREYS PRESIDENT/CHAIR 40.00 X X 3500 0 0 DOLLY H GRAY-BUSSARD TREASURER 0.30 X X 0 0 0 TUCKER MOORSHEAD VICE PRESIDENT/SECRETARY 0.30 X X 0 0 0 3500 0 0 0 0 0 0 0 54461 54461 CONSULTING 541700 155347 155347 155347 40 40 209848 155347 0 40 X 3500 2800 525 175 13062 10416 2059 587 3950 3152 616 182 26101 20828 4072 1201 160 160 135986 108519 21212 6255 1596 1274 249 73 10093 8054 1575 464 14146 11288 2207 651 12679 10118 1978 583 561 447 88 26 766 611 120 35 2022 1614 315 93 MEALS 2322 1853 362 107 MISCELLANEOUS EXPENSE 836 667 131 38 FEES 344 276 54 14 228124 181917 35563 10644 146 2935 18337 2409 21000 30886 30000 561 1000 2741 921 2586 1820 800 1150 53316 60314 44366 51640 18000 44366 69640 X 8950 -9326 8950 -9326 53316 60314 -18276 0 X 0 0 0 X 51181 54461 105642 51424 250943 155347 457714 51424 302124 209808 563356 5000 5000 15000 15000 15000 5000 20000 543356 18 99 40 157 18 99 40 157 55 55 51442 302278 209848 563568 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2741 921 1820 1820 JOSHUA HUMPHREYS PRES WORK CAP X 10000 10000 0 1 1 CLEAN LAND LLC VICE PRES OF FILING ORG, TUCKER MOORSHEAD HAS AN OWNERSHIP INTEREST IN LLC WORK CAP X 8000 8000 0 1 1 18000 PAGE 3, LINE 14A THE INSTITUTE HAS ONE AFFILIATED SENIOR FELLOW BASED IN GENEVA, SWITZERLAND, BUT SHE HAS NOT WORKED ON ANY PROJECTS OR RECEIVED ANY COMPENSATION TO DATE. FORM 990, PART VI, SECTION A, LINE 8B CURRENTLY THE GOVERNING BOARD DOES NOT HAVE SEPARATE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11 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. THE OUTCOMES OF THIS PROCESS OF REVIEW ARE REFLECTED IN THE MINUTES OF ACTION OF THE BOARD OF DIRECTORS OF CROATAN INSTITUTE. FORM 990, 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 COMMITTEES 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. FORM 990, PART VI, SECTION B, LINE 15A DIRECTORS DELIBERATE AND VOTE. SUCH RECUSAL IS REQUIRED BY THE INSTITUTE'S CONFLICTS 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. FORM 990, 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. FORM 990, PART IX, LINE 11G TRENDS REPORTING: PROGRAM SERVICE EXPENSES 421. MANAGEMENT AND GENERAL EXPENSES 82. FUNDRAISING EXPENSES 24. TOTAL EXPENSES 527. MISC PROGRAM CONSULTING BY INDIVIDUALS: PROGRAM SERVICE EXPENSES 30,981. MANAGEMENT AND GENERAL EXPENSES 6,056. FUNDRAISING EXPENSES 1,786. TOTAL EXPENSES 38,823. INTERNAL PROCESS CONSULTING: PROGRAM SERVICE EXPENSES 9,394. MANAGEMENT AND GENERAL EXPENSES 1,836. FUNDRAISING EXPENSES 542. TOTAL EXPENSES 11,772. PROGRAM TRAINING: PROGRAM SERVICE EXPENSES 5,802. MANAGEMENT AND GENERAL EXPENSES 1,134. FUNDRAISING EXPENSES 334. TOTAL EXPENSES 7,270. OTHER SERVICES AND LEGAL: PROGRAM SERVICE EXPENSES 32,870. MANAGEMENT AND GENERAL EXPENSES 6,425. FUNDRAISING EXPENSES 1,895. TOTAL EXPENSES 41,190. INVESTING: PROGRAM SERVICE EXPENSES 13,604. MANAGEMENT AND GENERAL EXPENSES 2,659. FUNDRAISING EXPENSES 784. TOTAL EXPENSES 17,047. ENVIRONMENTAL EXPENSES: PROGRAM SERVICE EXPENSES 15,447. MANAGEMENT AND GENERAL EXPENSES 3,020. FUNDRAISING EXPENSES 890. TOTAL EXPENSES 19,357.