KFBSF INC

EIN: 208071163 501(c)(3) Education

CHAPEL HILL, NC

Total Revenue
$68,577
Total Expenses
$122,985
Total Assets
$498,503
Net Assets
$494,778
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NC
Principal Officer
JANA READY
Phone
9199627158
Tax Period
2024-07-01 to 2025-06-30

KFBSF INC, founded in 2006, is a micro nonprofit in the Education sector that reported $69K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $123K exceeded revenue, resulting in a 79% operating deficit.

Mission

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $104,129
Investment Income $-34,230
Other Revenue $-1,322
TOTAL REVENUE $68,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $118,435
Other Expenses $122,985
TOTAL EXPENSES $122,985

Year-over-Year Comparison

2024 2023 Change
Revenue $68,577 $237,983 -0.7%
Expenses $122,985 $33,518 +2.7%
Net Income $-54,408 $204,465 -1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
3
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
2
$867,423
Total Directors
9
$2,757,381
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANA RAEDY TREASURER 1.00
Officer Director
$0 $69,402 $618,162
JOE CANADY VICE PRESIDENT/ASSISTANT TREASURER 1.00
Officer Director
$0 $62,343 $249,261
JEFFREY ALAN ALLRED DIRECTOR 1.00
Director
$0 $0 $0
DAVID HARTZELL DIRECTOR 1.00
Director
$0 $76,355 $467,816
ART BAKER DIRECTOR 1.00
Director
$0 $78,437 $307,908
LEONARD WOOD DIRECTOR 1.00
Director
$0 $0 $0
CHARLIE BRINDELL DIRECTOR 1.00
Director
$0 $0 $0
BRAD STAATS DIRECTOR 1.00
Director
$0 $69,818 $854,772
JEFF MITTLESTADT DIRECTOR 1.00
Director
$0 $50,479 $259,462
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 $68,577 $122,985 $498,503 $-54,408
2024 $237,983 $33,518 $552,911 $204,465
2023 $102,480 $119,267 $348,446 $-16,787
2022 $517,523 $673,978 $365,233 $-156,455
2021 $136,757 $80,987 $521,688 $55,770
2020 $161,429 $693,555 $462,193 $-532,126
2019 $689,624 $976,768 $994,319 $-287,144
2018 $595,840 $9,346 $1,281,463 $586,494
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