INSTITUTE 193 INCORPORATED

EIN: 271871255 501(c)(3) Arts, Culture & Humanities

LEXINGTON, KY

Total Revenue
$299,038
Total Expenses
$288,834
Total Assets
$180,323
Net Assets
$114,502
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
KY
Principal Officer
KEELAN O'SULLIVAN
Phone
6144994529
Tax Period
2025-01-01 to 2025-12-31

INSTITUTE 193 INCORPORATED, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $299K in total revenue in fiscal year 2025. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $289K left a modest 3% surplus.

Mission

INSTITUTE 193 COLLABORATES WITH ARTISTS, MUSICIANS, AND WRITERS TO PRODUCE EXHIBITIONS, PUBLICATIONS, AND PROJECTS THAT DOCUMENT THE CULTURAL LANDSCAPE OF THE MODERN SOUTH.

Program Service Accomplishments

Program 1
Expenses: $124,186 Revenue: $39,003

INSTITUTE 193 PRODUCES ARTIST PUBLICATIONS, FULFILLING OUR ROLE AS CONTRIBUTORS TO SCHOLARSHIP IN THE FIELD OF ART FROM THE SOUTH.

Program 2
Expenses: $73,724 Revenue: $30,439

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $230,941
Program Service Revenue $67,928
Investment Income $0
Other Revenue $169
TOTAL REVENUE $299,038

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,618
Fundraising Expenses $0
Program Expenses $197,910
Other Expenses $156,216
TOTAL EXPENSES $288,834

Year-over-Year Comparison

2025 2024 Change
Revenue $299,038 $205,917 +0.5%
Expenses $288,834 $211,262 +0.4%
Net Income $10,204 $-5,345 -2.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
3
Volunteers
20

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$78,077
Total Directors
2
$78,077
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEELAN O'SULLIVAN DIRECTOR 040.00
Officer Director
$53,077 $0 $53,077
PHILLIP JONES BOARD CHAIR 010.00
Officer Director
$25,000 $0 $25,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $299,038 $288,834 $180,323 $10,204
2024 No data No data No data No data
2023 $176,991 $154,898 $200,528 $22,093
2022 $136,737 $145,025 $188,910 $-8,288
2021 $303,430 $181,475 $178,841 $121,955
2021 $178,430 $181,475 $53,841 $-3,045
2020 $171,209 $180,698 $57,922 $-9,489
2019 $278,950 $312,062 $23,075 $-33,112
2018 $138,269 $124,861 $13,408 $13,408
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