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KFBSF INC

EIN 20-8071163 CHAPEL HILL, NC

Browse the largest nonprofits in North Carolina

Revenue 2024
$68,577
Expenses 2024
$122,985

Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B11
Classification
2000
Street
205 KENAN CENTER CB 3490

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

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 $118,435 · Revenue $104,129

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jana Raedy

    TREASURER

    Total calculated
    $618,162
    From this org
    $0
    From related orgs
    $548,760
    Other
    $69,402
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $473,427 related
    Bonus
    $0 + $75,333 related
    Other
    $0
    Deferred
    $0 + $48,545 related
    Nontaxable benefits
    $0 + $20,857 related
    Filer's total
    $0 + $618,162 related
  • Joe Canady

    VICE PRESIDENT/ASSISTANT TREASURER

    Total calculated
    $249,261
    From this org
    $0
    From related orgs
    $186,918
    Other
    $62,343
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,918 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $47,526 related
    Nontaxable benefits
    $0 + $14,817 related
    Filer's total
    $0 + $249,261 related
  • Jeffrey Alan Allred

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Hartzell

    DIRECTOR

    Total calculated
    $467,816
    From this org
    $0
    From related orgs
    $391,461
    Other
    $76,355
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,461 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $56,751 related
    Nontaxable benefits
    $0 + $19,604 related
    Filer's total
    $0 + $467,816 related
  • Art Baker

    DIRECTOR

    Total calculated
    $307,908
    From this org
    $0
    From related orgs
    $229,471
    Other
    $78,437
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,471 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $59,043 related
    Nontaxable benefits
    $0 + $19,394 related
    Filer's total
    $0 + $307,908 related
  • Leonard Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charlie Brindell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brad Staats

    DIRECTOR

    Total calculated
    $854,772
    From this org
    $0
    From related orgs
    $784,954
    Other
    $69,818
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $495,604 related
    Bonus
    $0 + $266,350 related
    Other
    $0 + $23,000 related
    Deferred
    $0 + $48,610 related
    Nontaxable benefits
    $0 + $21,208 related
    Filer's total
    $0 + $854,772 related
  • Jeff Mittlestadt

    DIRECTOR

    Total calculated
    $259,462
    From this org
    $0
    From related orgs
    $208,983
    Other
    $50,479
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,483 related
    Bonus
    $0 + $7,500 related
    Other
    $0
    Deferred
    $0 + $31,006 related
    Nontaxable benefits
    $0 + $19,473 related
    Filer's total
    $0 + $259,462 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $68,577
    Expenses
    $122,985
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $237,983
    Expenses
    $33,518
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $102,480
    Expenses
    $119,267
    Contributions
    $0
    Grants paid
    $100,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $517,523
    Expenses
    $673,978
    Assets (EOY)
    $365,233
  • 2020 · 990

    Revenue
    $136,757
    Expenses
    $80,987
    Assets (EOY)
    $521,688
  • 2019 · 990

    Revenue
    $161,429
    Expenses
    $693,555
    Assets (EOY)
    $462,193
  • 2018 · 990

    Revenue
    $689,624
    Expenses
    $976,768
    Assets (EOY)
    $994,319
  • 2017 · 990

    Revenue
    $595,840
    Expenses
    $9,346
    Assets (EOY)
    $1,281,463
  • 2016 · 990

    Revenue
    $184,477
    Expenses
    $70,823
    Assets (EOY)
    $694,969
  • 2015 · 990

    Revenue
    $126,303
    Expenses
    $10,278
    Assets (EOY)
    $581,315
  • 2014 · 990-EZ

    Revenue
    $170,982
    Expenses
    $41,638
    Assets (EOY)
    $465,290
  • 2013 · 990-EZ

    Revenue
    $129,294
    Expenses
    $72,533
    Assets (EOY)
    $335,946
  • 2012 · 990-EZ

    Revenue
    $108,466
    Expenses
    $20,588
    Assets (EOY)
    $279,185

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related partnerships on its 2024 return

  • KFBSF PRIVATE EQUITY FUND II LP

    EXCLUDED · INVESTMENTS · NC · 20.8% owned · share of income -$37,124 · general or managing partner

  • KFBSF PRIVATE EQUITY FUND III LP

    EXCLUDED · INVESTMENTS · NC · 1% owned · share of income $2,229 · share of assets $12,537 · general or managing partner

  • KFBSF PRIVATE EQUITY FUND IV LP

    EXCLUDED · INVESTMENTS · NC · 1% owned · share of income $1,017 · share of assets $45,625 · general or managing partner

  • KFBSF REAL ESTATE FUND III LP

    EXCLUDED · INVESTMENTS · NC · 1% owned · share of income $1,792 · share of assets $33,940 · general or managing partner

  • KFBSF REAL ESTATE FUND IV LP

    EXCLUDED · INVESTMENTS · NC · 1% owned · share of income $2,937 · share of assets $65,015 · general or managing partner

  • KFBSF REAL ESTATE FUND V LP

    EXCLUDED · INVESTMENTS · NC · 1% owned · share of income $2,472 · share of assets $95,797 · general or managing partner

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.