Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
73 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
10 people listed on the 990; $459K paid to officers and key staff.
Joshua Humphreys’s $141K as President/Chair, Senior Fellow is at the 59th percentile of top reported officer pay among 1851 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Joshua Humphreys | $141,065 | $106,713 | $95,867 | $94,476 | $70,884 |
| Christi Electris | $127,354 | $105,955 | $101,094 | $87,367 | $85,171 |
| David Lezaks | — | — | $116,500 | — | — |
| Sharlene Brown | $113,305 | $83,579 | $76,667 | $59,715 | $18,333 |
| Anna Aspenson | $77,109 | $68,295 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Uses finance to build social equity and ecological resilience for a just economy.
Questions for Croatan Institute
Your first name shows with your question. Croatan Institute answers here, for everyone.
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Ecological Resilience
Continued development of the north carolina soil wealth areas, place-based financing districts that connect regenerative agriculture producers and value chain businesses with aligned capital and technical assistance.
Social Equity
Croatan institute welcomed over 30 farmers, technical assistance providers, and investors to the inaugural farmer stakeholder meeting in north carolina to provide direct one-on-one support and access to new programs to support farmers and landowners' needs.
Transformative Finance
Croatan institute released a new raiser (research, action, and insights for social and environmental returns) tool to highlight the institute's rigorous investment research, including a powerful database of investable products across asset classes.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $245K | $836K |
| InvestmentsLn 11–13 | $418K | $101K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $1.3M | $1.6M |
| LiabilitiesLn 26 | $788K | $1.6M |
| Net assetsLn 32 | $528K | $21K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $750 | $750 | ||
| Pay of current officers, directors and key staffLn 5 | $483K | $361K | $110K | $12K |
| Other salaries and wagesLn 7 | $591K | $420K | $166K | $5K |
| Pension plan contributionsLn 8 | $21K | $14K | $7K | $265 |
| Other employee benefitsLn 9 | $18K | $12K | $6K | $250 |
| Payroll taxesLn 10 | $70K | $49K | $20K | $1K |
| Accounting feesLn 11c | $21K | $21K | ||
| Professional fundraising feesLn 11e | $60K | $60K | ||
| Other fees for servicesLn 11g | $280K | $278K | $2K | $119 |
| Advertising and promotionLn 12 | $9K | $9K | ||
| Office expensesLn 13 | $23K | $16K | $7K | $403 |
| Information technologyLn 14 | $21K | $15K | $6K | $369 |
| OccupancyLn 16 | $13K | $9K | $4K | $225 |
| TravelLn 17 | $53K | $37K | $15K | $924 |
| Conferences, conventions and meetingsLn 19 | $30K | $27K | $3K | $181 |
| InterestLn 20 | $8K | $8K | ||
| InsuranceLn 23 | $571 | $400 | $161 | $10 |
| Other expenses (24a–d)Ln 24 | $2K | $1K | $504 | $32 |
| Total functional expensesLn 25 | $1.7M | $1.2M | $373K | $81K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.2M | $1.7M | −$502K | $21K | 990 PDF |
| FY2023 | $2.0M | $1.6M | $368K | $528K | 990 PDF |
| FY2022 | $1.4M | $1.5M | −$104K | $213K | 990 PDF |
| FY2021 | $819K | $774K | $45K | $317K | 990 PDF |
| FY2020 | $834K | $542K | $292K | $272K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,201,287 revenue, 12 lines filed
Part VI · Governance 6 of 9 board members independent, no flags
Part VIII · Statement of revenue $1,201,287 across 8 lines filed
Part IX · Statement of functional expenses $1,703,190 across 18 lines filed
Part X · Balance sheet $1,586,847 assets, 16 lines filed
Part XI · Reconciliation of net assets $20,998 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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