Totals
- Total revenue
- $205,917
- Total expenses
- $211,262
- Contributions and grants received
- $182,945
- Grants paid
- $0
- Program service revenue
- $22,534
- Investment income
- $0
- Other revenue
- $438
- Total assets, end of year
- $167,686
- Total liabilities, end of year
- $63,388
- Net assets or fund balances, end of year
- $104,298
- Program services expenses (Part IX)
- $132,815
- Management and general expenses
- $78,447
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $132,815
Program services were 62.9% 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.
-
1c · Fundraising events
$927
-
1e · Government grants (contributions)
$4,274
-
1f · All other contributions, gifts and grants
$177,744
-
2a · Program service revenue: ART SALES AND PUBLICATIONS
total $22,534 · related or exempt $22,534
-
8a · Fundraising events: contributions included on line 1c
$927
-
11a · Other revenue: SALES TAX CREDIT
total $10 · related or exempt $10
-
11b · Other revenue: OTHER INCOME
total $428 · related or exempt $428
-
11e · Other revenue, total
$438
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $61,539 · program services $25,000 · management and general $36,539
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $32,885 · program services $32,885
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $7,349 · program services $4,512 · management and general $2,837
-
11a · Fees: management
total $12,352 · management and general $12,352
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $5,514 · management and general $5,514
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $4,613 · program services $4,613
-
12 · Advertising and promotion
total $3,772 · program services $594 · management and general $3,178
-
13 · Office expenses
total $11,285 · program services $5,150 · management and general $6,135
-
14 · Information technology
total $1,236 · program services $1,161 · management and general $75
-
15 · Royalties
total $0
-
16 · Occupancy
total $44,803 · program services $33,919 · management and general $10,884
-
17 · Travel
total $4,518 · program services $3,585 · management and general $933
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: ART AND PUBLICATION COSTS
total $17,532 · program services $17,532
-
24b · Other expenses: EXHIBITION COSTS
total $3,864 · program services $3,864
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $55,686 · end of year $24,703
-
8 · Inventories for sale or use
beginning of year $18,042 · end of year $16,183
-
10a · Land, buildings and equipment: cost or other basis
$125,000
-
10c · Land, buildings and equipment, net
beginning of year $125,000 · end of year $125,000
-
15 · Other assets
beginning of year $1,800 · end of year $1,800
-
22 · Loans and payables to officers and key people
beginning of year $26,673
-
25 · Other liabilities
beginning of year $64,212 · end of year $63,388
-
27 · Net assets without donor restrictions
beginning of year $109,643 · end of year $104,298
Mission and programs · 2024
Mission
INSTITUTE 193 COLLABORATES WITH ARTISTS, MUSICIANS, AND WRITERS TO PRODUCE EXHIBITIONS, PUBLICATIONS, AND PROJECTS THAT DOCUMENT THE CULTURAL LANDSCAPE OF THE MODERN SOUTH.
-
INSTITUTE 193 PRODUCES ARTIST PUBLICATIONS, FULFILLING OUR ROLE AS CONTRIBUTORS TO SCHOLARSHIP IN THE FIELD OF ART FROM THE SOUTH.
Expenses $51,347 · Revenue $7,830
-
INSTITUTE 193 HOLDS 6 EXHIBITIONS IN OUR LEXINGTON GALLERY SPACE BY SOUTHERN ARTISTS ANNUALLY. WE PROVIDE MATERIAL AND FINANCIAL SUPPORT TO THE ARTISTS WE WORK WITH, COVERING COSTS LIKE FRAMING, TRAVEL, AND MATERIALS.
Expenses $81,468 · Revenue $82,635
As filed on the 2024 return.
Listed in Part VII
-
Keelan O'SullivanKEELAN O'SULLIVAN
DIRECTOR
- Total calculated
- $36,539
- From this org
- $36,539
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Phillip JonesPHILLIP JONES
BOARD CHAIR
- Total calculated
- $25,000
- From this org
- $25,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10 + 40 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542809349301334
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