Form 990 for tax year 2022
Filed by THOMAS S KENAN INSTITUTE FOR THE ARTS SUPPORTING ORGANIZATION.
Totals
- Total revenue
- $1,958,966
- Total expenses
- $1,484,437
- Contributions and grants received
- $1,957,500
- Grants paid
- $0
- Program service revenue
- $1,250
- Investment income
- $216
- Other revenue
- $0
- Total assets, end of year
- $2,008,879
- Total liabilities, end of year
- $62,075
- Net assets or fund balances, end of year
- $1,946,804
- Program services expenses (Part IX)
- $1,484,437
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,484,437
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
$1,957,500
-
2a · Program service revenue: OTHER OPERATING REVENU
total $1,250 · related or exempt $1,250
-
3 · Investment income
total $216 · excluded $216
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $10,667 · program services $10,667
-
11g · Fees: other
total $281,395 · program services $281,395
-
12 · Advertising and promotion
total $242 · program services $242
-
13 · Office expenses
total $22,587 · program services $22,587
-
16 · Occupancy
total $133,471 · program services $133,471
-
17 · Travel
total $81,899 · program services $81,899
-
19 · Conferences, conventions and meetings
total $65,312 · program services $65,312
-
23 · Insurance
total $1,162 · program services $1,162
-
24a · Other expenses: SALARY REIMBURSEMENT
total $443,943 · program services $443,943
-
24b · Other expenses: HONORARIUMS AND OTHER A
total $363,090 · program services $363,090
-
24c · Other expenses: SUPPLIES AND MATERIALS
total $70,206 · program services $70,206
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $10,463 · program services $10,463
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,480,348 · end of year $2,008,879
-
17 · Accounts payable and accrued expenses
beginning of year $8,073 · end of year $62,075
-
27 · Net assets without donor restrictions
beginning of year $1,472,275 · end of year $1,946,804
Mission and programs · 2022
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 $1,484,437 · Revenue $1,250
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brian ColeBRIAN COLE
PRESIDENT
- Total calculated
- $383,965
- From this org
- $0
- From related orgs
- $326,343
- Other
- $57,622
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $326,343 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $40,712 related
- Nontaxable benefits
- $0 + $16,910 related
- Filer's total
- $0 + $383,965 related
-
Kevin BittermanKEVIN BITTERMAN
VICE PRESIDENT
- Total calculated
- $164,178
- From this org
- $0
- From related orgs
- $125,179
- Other
- $38,999
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $125,179 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $30,911 related
- Nontaxable benefits
- $0 + $8,088 related
- Filer's total
- $0 + $164,178 related
-
David HarrisonDAVID HARRISON
SECRETARY
- Total calculated
- $210,239
- From this org
- $0
- From related orgs
- $177,714
- Other
- $32,525
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $177,714 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $24,214 related
- Nontaxable benefits
- $0 + $8,311 related
- Filer's total
- $0 + $210,239 related
-
Wendy EmersonWENDY EMERSON
TREASURER
- Total calculated
- $195,050
- From this org
- $0
- From related orgs
- $149,937
- Other
- $45,113
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $149,937 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $36,802 related
- Nontaxable benefits
- $0 + $8,311 related
- Filer's total
- $0 + $195,050 related
-
Jim DecristoJIM DECRISTO
DIRECTOR
- Total calculated
- $199,520
- From this org
- $0
- From related orgs
- $160,448
- Other
- $39,072
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $160,448 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $22,961 related
- Nontaxable benefits
- $0 + $16,111 related
- Filer's total
- $0 + $199,520 related
-
Patrick SimsPATRICK SIMS
DIRECTOR
- Total calculated
- $277,693
- From this org
- $0
- From related orgs
- $213,558
- Other
- $64,135
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $213,558 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $53,808 related
- Nontaxable benefits
- $0 + $10,327 related
- Filer's total
- $0 + $277,693 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.
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UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS
501(C)(1) · ARTS · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313179349308366
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