THOMAS S KENAN INSTITUTE FOR THE ARTS SUPPORTING ORGANIZATION

EIN: 851824885 501(c)(3) Arts, Culture & Humanities

WINSTONSALEM, NC

Total Revenue
$2,050,434
Total Expenses
$1,954,187
Total Assets
$2,126,660
Net Assets
$2,043,051
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NC
Principal Officer
WENDY EMERSON
Phone
3367703273
Tax Period
2023-07-01 to 2024-06-30

THOMAS S KENAN INSTITUTE FOR THE ARTS SUPPORTING ORGANIZATION, founded in 2018, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2023. Expenses of $2.0M left a modest 5% surplus.

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, 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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,047,500
Program Service Revenue $2,685
Investment Income $249
Other Revenue $0
TOTAL REVENUE $2,050,434

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,954,187
Other Expenses $1,954,187
TOTAL EXPENSES $1,954,187

Year-over-Year Comparison

2023 2022 Change
Revenue $2,050,434 $1,958,966 +0.0%
Expenses $1,954,187 $1,484,437 +0.3%
Net Income $96,247 $474,529 -0.8%
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

Financial Distress Indicator

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
N/A
Employees
N/A
Volunteers
N/A

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
4
$970,572
Total Directors
6
$1,445,810
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN COLE PRESIDENT 1.00
Officer Director
$0 $58,653 $359,542
KEVIN BITTERMAN VICE PRESIDENT 1.00
Officer Director
$0 $40,163 $170,322
DAVID HARRISON SECRETARY 1.00
Officer Director
$0 $32,461 $206,036
WENDY EMERSON TREASURER 1.00
Officer Director
$0 $53,047 $234,672
JIM DECRISTO DIRECTOR 1.00
Director
$0 $39,318 $199,111
PATRICK SIMS DIRECTOR 1.00
Director
$0 $63,408 $276,127
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 No data No data No data No data
2024 $2,050,434 $1,954,187 $2,126,660 $96,247
2023 $1,958,966 $1,484,437 $2,008,879 $474,529
2022 $2,789,329 $1,317,054 $1,480,348 $1,472,275
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