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← THOMAS S KENAN INSTITUTE FOR THE ARTS SUPPORTING ORGANIZATION

Form 990 for tax year 2024

Filed by THOMAS S KENAN INSTITUTE FOR THE ARTS SUPPORTING ORGANIZATION.

Totals

Total revenue
$2,025,317
Total expenses
$2,047,987
Contributions and grants received
$2,025,050
Grants paid
$0
Program service revenue
$10
Investment income
$257
Other revenue
$0
Total assets, end of year
$2,029,799
Total liabilities, end of year
$9,418
Net assets or fund balances, end of year
$2,020,381
Program services expenses (Part IX)
$2,047,987
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,047,987

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,025,050

  • 2a · Program service revenue: OTHER OPERATING REVENU

    total $10 · related or exempt $10

  • 3 · Investment income

    total $257 · excluded $257

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $12,240 · program services $12,240

  • 11g · Fees: other

    total $315,061 · program services $315,061

  • 12 · Advertising and promotion

    total $1,817 · program services $1,817

  • 13 · Office expenses

    total $20,729 · program services $20,729

  • 16 · Occupancy

    total $309,153 · program services $309,153

  • 17 · Travel

    total $162,654 · program services $162,654

  • 19 · Conferences, conventions and meetings

    total $135,953 · program services $135,953

  • 22 · Depreciation, depletion and amortization

    total $3,289 · program services $3,289

  • 23 · Insurance

    total $420 · program services $420

  • 24a · Other expenses: HONORARIUMS AND OTHER A

    total $538,490 · program services $538,490

  • 24b · Other expenses: SALARY REIMBURSEMENT

    total $375,032 · program services $375,032

  • 24c · Other expenses: SUPPLIES AND MATERIALS

    total $161,317 · program services $161,317

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $11,326 · program services $11,326

  • 24e · All other expenses

    total $506 · program services $506

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,095,413 · end of year $2,001,841

  • 10a · Land, buildings and equipment: cost or other basis

    $32,892

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,934

  • 10c · Land, buildings and equipment, net

    beginning of year $31,247 · end of year $27,958

  • 17 · Accounts payable and accrued expenses

    beginning of year $83,609 · end of year $9,418

  • 27 · Net assets without donor restrictions

    beginning of year $2,043,051 · end of year $2,020,381

Mission and programs · 2024

Mission

THE THOMAS S. KENAN INSTITUTE FOR THE ARTS SUPPORTING ORGANIZATION (THE "SUPPORTING ORGANIZATION") IS AN ORGANIZATION FORMED FOR THE EXECUTIVE PURPOSE OF RECEIVING AND ADMINISTERING GRANTS AND FUNDS, AND SUPPORTING THE PROGRAMS, ACTIVITES, AND ADMINISTRATION OF THE THOMAS S. KENAN INSTITUTE FOR THE ARTS( THE "INSTITUTE"). THE INSTITUTE EXISTS AS A PART OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS, WHICH ITSELF IS A SUBDIVISION OF THE NORTH CAROLINA GOVERNMENT. THE SUPPORTING ORGANIZATION WILL HANDLE CERTAIN OF THE INSTITUTE'S GROWING PROGRAMMING, REVENUE MANAGEMENT, AND ACCOUNTING NEEDS MOVING FORWARD.

Activities or mission (Part I)

THE THOMAS S. KENAN INSTITUTE FOR THE ARTS SUPPORTING ORGANIZATION (THE "SUPPORTING ORGANIZATION") IS AN ORGANIZATION FORMED FOR THE EXECUTIVE PURPOSE OF RECEIVING AND ADMINISTERING GRANTS AND FUNDS, AND SUPPORTING THE PROGRAMS, ACTIVITIES, AND ADMINISTRATION OF THE THOMAS S. KENAN INSTITUTE FOR THE ARTS( THE "INSTITUTE"). THE INSTITUTE EXISTS AS A PART OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS, WHICH ITSELF IS A SUBDIVISION OF THE NORTH CAROLINA GOVERNMENT. THE SUPPORTING ORGANIZATION WILL HANDLE CERTAIN OF THE INSTITUTE'S GROWING PROGRAMMING, REVENUE MANAGEMENT, AND ACCOUNTING NEEDS MOVING FORWARD.

  • SUPPORT OF THE THOMAS S. KENAN INSTITUTE FOR THE ARTS, WHICH EXISTS AS A PART OF THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS.

    Expenses $2,047,987 · Revenue $10

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Cole

    PRESIDENT

    Total calculated
    $372,761
    From this org
    $0
    From related orgs
    $311,454
    Other
    $61,307
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $311,454 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $43,974 related
    Nontaxable benefits
    $0 + $17,333 related
    Filer's total
    $0 + $372,761 related

  • Kevin Bitterman

    VICE PRESIDENT

    Total calculated
    $176,222
    From this org
    $0
    From related orgs
    $134,265
    Other
    $41,957
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,265 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,490 related
    Nontaxable benefits
    $0 + $8,467 related
    Filer's total
    $0 + $176,222 related

  • David Harrison

    SECRETARY

    Total calculated
    $213,964
    From this org
    $0
    From related orgs
    $179,540
    Other
    $34,424
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,540 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,729 related
    Nontaxable benefits
    $0 + $8,695 related
    Filer's total
    $0 + $213,964 related

  • Wendy Emerson

    TREASURER

    Total calculated
    $250,417
    From this org
    $0
    From related orgs
    $193,833
    Other
    $56,584
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,833 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $47,889 related
    Nontaxable benefits
    $0 + $8,695 related
    Filer's total
    $0 + $250,417 related

  • Jim Decristo

    DIRECTOR

    Total calculated
    $204,653
    From this org
    $0
    From related orgs
    $163,601
    Other
    $41,052
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,601 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,557 related
    Nontaxable benefits
    $0 + $16,495 related
    Filer's total
    $0 + $204,653 related

  • Patrick Sims

    DIRECTOR

    Total calculated
    $285,483
    From this org
    $0
    From related orgs
    $218,511
    Other
    $66,972
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,511 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $54,924 related
    Nontaxable benefits
    $0 + $12,048 related
    Filer's total
    $0 + $285,483 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS

    501(C)(1) · ARTS · NC

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202523119349300042

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