United in a penalty shoot-out, when the match ended in a stalemate 1–1 result at Fortwilliam Park. The club finished in 3rd place in Championship 1. The 2012–13 season included the appointment of Paul Kee as manager and a North West Senior Cup final defeat to Coleraine; 3–0 at the Coleraine Showgrounds. The club finished 3rd in Championship 1 for the second successive season, missing out on the promotion play-off place, finishing 3 points behind league runners-up Warrenpoint Town. The club lifted the Irish Intermediate Cup for the first ever time after defeating Ards Rangers 1–0 in the final with a late winner from Darren McFadden. Once again the club were promoted to the top tier after being crowned champions of NIFL Championship 1 on the final day of the season, with a 1–1 draw against Harland & Wolff Welders for Bangor meaning the 2–0 win in the North-West derby at home to Limavady United was enough to see the club finish top of the pile for the second time. A successful season, despite an Intermediate Cup semi-final defeat to Armagh City and including another North-West Senior Cup final appearance – ending in a defeat in a penalty shoot-out to Newbuildings United – was enjoyed by the club. A 2014–2015 NIFL Premiership season in which the club were relegated once more after a 12th (bottom) placed finish, also saw a North-West Senior Cup triumph, beating Moyola Park 3–1 in the final at the Riverside Stadium in October 2014. The season's end also marked the end of Paul Kee's second 4-year stint in charge after being relieved of his duties in April 2015; as well as the resignations of key board members such as chairman Keith McElhinney and vice-chairman Trevor Hewitt. Kevin Deery was appointed as manager in late May 2015 with former Institute captain Paddy McLaughlin as his new assistant. In the first season under the new management, Institute finished in 6th place in the league but still qualified for the NIFL Premiership promotion/relegation play-off (due to all of the above teams in 2nd–5th place not acquiring a promotion license) in which they lost out 5–4 on aggregate to an injury time winning goal from Ballinamallard United to level the second leg at 3–3. Also knocked out of the league cup at the quarter-final stage in a 2–1 defeat to Warrenpoint Town; as well as a 2–1 Craig Memorial Cup