Totals
- Total revenue
- $237,983
- Total expenses
- $33,518
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $237,487
- Investment income
- $4,533
- Other revenue
- -$4,037
- Total assets, end of year
- $552,911
- Total liabilities, end of year
- $3,725
- Net assets or fund balances, end of year
- $549,186
- Program services expenses (Part IX)
- $29,118
- Management and general expenses
- $4,400
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $29,118
Program services were 86.9% 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.
-
2a · Program service revenue: GENERAL PARTNER ADMINI
total $237,487 · related or exempt $237,487
-
3 · Investment income
total $273 · excluded $273
-
7a · Gross sales of assets other than inventory
securities $4,260
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $4,260
-
7d · Net gain or loss
total $4,260 · excluded $4,260
-
11a · Other revenue: PASS-THROUGH INCOME
total -$4,037 · excluded -$4,037
-
11e · Other revenue, total
-$4,037
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $4,400 · management and general $4,400
-
23 · Insurance
total $11,185 · program services $11,185
-
24a · Other expenses: MISCELLANEOUS
total $16,835 · program services $16,835
-
24b · Other expenses: GENERAL PARTNER CONTRIB
total $687 · program services $687
-
24c · Other expenses: SERVICE PROVIDER EXPENS
total $411 · program services $411
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $142,276 · end of year $283,431
-
4 · Accounts receivable
beginning of year $94,303 · end of year $157,246
-
12 · Investments: other securities
beginning of year $111,867 · end of year $112,234
-
17 · Accounts payable and accrued expenses
beginning of year $3,725 · end of year $3,725
-
27 · Net assets without donor restrictions
beginning of year $344,721 · end of year $549,186
Mission and programs · 2023
Mission
PROVIDED FUNDS TO SUPPORT EDUCATIONAL INVESTMENT PROGRAMS FOR MBA STUDENTS AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
Activities or mission (Part I)
KFBSF, INC. IS ORGANIZED AND OPERATED TO SUPPORT THE KENAN-FLAGLER BUSINESS SCHOOL AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. KFBSF, INC. WAS FORMED TO SERVE AS THE GENERAL PARTNER OF LIMITED PARTNERSHIPS ESTABLISHED AS EDUCATIONAL PROGRAMS FOR MBA STUDENTS ATTENDING THE BUSINESS SCHOOL. THE PARTNERSHIPS WILL ENHANCE THE EDUCATIONAL OPPORTUNITIES AVAILABLE TO THE STUDENTS BY PROVIDING HANDS-ON EXPERIENCE IN OPERATING PRIVATE FUNDS.
-
PROVIDED FUNDS TO SUPPORT EDUCATIONAL INVESTMENT PROGRAMS FOR MBA STUDENTS AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
Expenses $29,118 · Revenue $237,487
As filed on the 2023 return.
Listed in Part VII
-
Jennifer ConradJENNIFER CONRAD
OUTGOING CHAIR
- Total calculated
- $696,566
- From this org
- $0
- From related orgs
- $621,090
- Other
- $75,476
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- $0 + $590,140 related
- Bonus
- $0 + $3,125 related
- Other
- $0 + $27,825 related
- Deferred
- $0 + $67,767 related
- Nontaxable benefits
- $0 + $7,709 related
- Filer's total
- $0 + $696,566 related
-
Jana RaedyJANA RAEDY
SECRETARY/TREASURER
- Total calculated
- $597,986
- From this org
- $0
- From related orgs
- $532,476
- Other
- $65,510
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $454,247 related
- Bonus
- $0 + $78,229 related
- Other
- $0
- Deferred
- $0 + $45,639 related
- Nontaxable benefits
- $0 + $19,871 related
- Filer's total
- $0 + $597,986 related
-
Joe CanadyJOE CANADY
VICE PRESIDENT/ASSISTANT TREASURER
- Total calculated
- $240,590
- From this org
- $0
- From related orgs
- $180,582
- Other
- $60,008
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $180,582 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $46,377 related
- Nontaxable benefits
- $0 + $13,631 related
- Filer's total
- $0 + $240,590 related
-
Jeffrey Alan AllredJEFFREY ALAN ALLRED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David HartzellDAVID HARTZELL
DIRECTOR
- Total calculated
- $521,458
- From this org
- $0
- From related orgs
- $439,699
- Other
- $81,759
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $395,699 related
- Bonus
- $0 + $44,000 related
- Other
- $0
- Deferred
- $0 + $63,228 related
- Nontaxable benefits
- $0 + $18,531 related
- Filer's total
- $0 + $521,458 related
-
Art BakerART BAKER
DIRECTOR
- Total calculated
- $302,111
- From this org
- $0
- From related orgs
- $240,100
- Other
- $62,011
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $240,100 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $57,616 related
- Nontaxable benefits
- $0 + $4,395 related
- Filer's total
- $0 + $302,111 related
-
Leonard WoodLEONARD WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charlie BrindellCHARLIE BRINDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
-
THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION
501(C)(3) · SUPPORT · NC
-
THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
501(C)(3) · EDUCATION · NC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
KFBSF PRIVATE EQUITY FUND II LP
EXCLUDED · INVESTMENTS · NC · 20.8% owned · share of income -$241 · share of assets $59,224 · general or managing partner
-
KFBSF PRIVATE EQUITY FUND III LP
EXCLUDED · INVESTMENTS · NC · 1% owned · share of income $7,315 · share of assets $10,432 · general or managing partner
-
KFBSF PRIVATE EQUITY FUND IV LP
EXCLUDED · INVESTMENTS · NC · 1% owned · share of income -$2,165 · share of assets $31,846 · general or managing partner
-
KFBSF REAL ESTATE FUND III LP
EXCLUDED · INVESTMENTS · NC · 1% owned · share of income -$487 · share of assets $33,450 · general or managing partner
-
KFBSF REAL ESTATE FUND IV LP
EXCLUDED · INVESTMENTS · NC · 1% owned · share of income -$2,258 · share of assets $67,703 · general or managing partner
-
KFBSF REAL ESTATE FUND V LP
EXCLUDED · INVESTMENTS · NC · 1% owned · share of income -$1,797 · share of assets $71,493 · general or managing partner
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521079349300017
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