Civic Intelligence

Kfbsf Inc.

EIN 20-8071163 • 501(c)3 • Chapel Hill, NC

Pub. 78 EligibleNTEE B11

Profile

Provided funds to support educational investment programs for mba students at the university of north carolina at chapel hill.

205 Kenan Center Cb 3490Chapel Hill, NC 27599-3490

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

11th percentile

-79%

Higher net margin than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

76th percentile

20%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Revenue Growth

33rd percentile

-18%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Assets

Down

$498,503

Down $54,408 (-9.8%) from 2024

Liabilities

Flat

$3,725

Flat from 2024

Net Assets

Down

$494,778

Down $54,408 (-9.9%) from 2024

Revenue

Down

$68,577

Down $169,406 (-71%) from 2024

Expenses

Up

$122,985

Up $89,467 (+267%) from 2024

Net Income

Down

-$54,408

Down $258,873 (-127%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $152,810Liabilities 2011: $02011Assets 2012: $191,307Liabilities 2012: $0Net Assets 2012: $191,3072012Assets 2013: $279,185Liabilities 2013: $0Net Assets 2013: $279,1852013Assets 2014: $335,946Liabilities 2014: $0Net Assets 2014: $335,9462014Assets 2015: $465,290Liabilities 2015: $0Net Assets 2015: $465,2902015Assets 2016: $581,315Liabilities 2016: $0Net Assets 2016: $581,3152016Assets 2017: $694,969Liabilities 2017: $0Net Assets 2017: $694,9692017Assets 2018: $1,281,463Liabilities 2018: $0Net Assets 2018: $1,281,4632018Assets 2019: $994,319Liabilities 2019: $0Net Assets 2019: $994,3192019Assets 2020: $462,193Liabilities 2020: $0Net Assets 2020: $462,1932020Assets 2021: $521,688Liabilities 2021: $3,725Net Assets 2021: $517,9632021Assets 2022: $365,233Liabilities 2022: $3,725Net Assets 2022: $361,5082022Assets 2023: $348,446Liabilities 2023: $3,725Net Assets 2023: $344,7212023Assets 2024: $552,911Liabilities 2024: $3,725Net Assets 2024: $549,1862024Assets 2025: $498,503Liabilities 2025: $3,725Net Assets 2025: $494,7782025

Highlighted filing

2025

Assets$498,503
Liabilities$3,725
Net Assets$494,778

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $143,512Expenses 2011: $64,604Net Income 2011: $78,9082011Revenue 2012: $150,241Expenses 2012: $111,744Net Income 2012: $38,4972012Revenue 2013: $108,466Expenses 2013: $20,588Net Income 2013: $87,8782013Revenue 2014: $129,294Expenses 2014: $72,533Net Income 2014: $56,7612014Revenue 2015: $170,982Expenses 2015: $41,638Net Income 2015: $129,3442015Revenue 2016: $126,303Expenses 2016: $10,278Net Income 2016: $116,0252016Revenue 2017: $184,477Expenses 2017: $70,823Net Income 2017: $113,6542017Revenue 2018: $595,840Expenses 2018: $9,346Net Income 2018: $586,4942018Revenue 2019: $689,624Expenses 2019: $976,768Net Income 2019: -$287,1442019Revenue 2020: $161,429Expenses 2020: $693,555Net Income 2020: -$532,1262020Revenue 2021: $136,757Expenses 2021: $80,987Net Income 2021: $55,7702021Revenue 2022: $517,523Expenses 2022: $673,978Net Income 2022: -$156,4552022Revenue 2023: $102,480Expenses 2023: $119,267Net Income 2023: -$16,7872023Revenue 2024: $237,983Expenses 2024: $33,518Net Income 2024: $204,4652024Revenue 2025: $68,577Expenses 2025: $122,985Net Income 2025: -$54,4082025

Highlighted filing

2025

Revenue$68,577
Expenses$122,985
Net Income-$54,408

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.49$0.07$0.12$0.05
2024Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.24$0.03$0.20
2023Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.34$0.10$0.12$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.36$0.52$0.67$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$0.14$0.08$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.16$0.69$0.53
2019Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.69$0.98$0.29
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.60$0.01$0.59
2017Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.18$0.07$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.13$0.01$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.17$0.04$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.13$0.07$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$0.11$0.02$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.15$0.11$0.04
2011Summary only. Only limited summary data is available for this year.$0.15$0.00$0.14$0.06$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 19, 2026
Return Version
2024v5.5
Gross Receipts
$104,886
Mission and Program Overview

Mission

Provided funds to support educational investment programs for mba students at the university of north carolina at chapel hill.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$283,431$288,483▲ $5,052
Accounts Receivable$157,246$158,896▲ $1,650
Investments Other Securities$112,234$51,124▼ $61,110
Total Assets$552,911$498,503▼ $54,408
Liabilities
Accounts Payable and Accrued Expenses$3,725$3,725→ $0
Total Liabilities$3,725$3,725→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$549,186$494,778▼ $54,408
Total Net Assets Fund Balance$549,186$494,778▼ $54,408
Total Liabilities and Net Assets / Fund Balance$552,911$498,503▼ $54,408

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$16,156--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joe CanadyVice President/assistant Treasurer
Art BakerDirector
Brad StaatsDirector
Charlie BrindellDirector
David HartzellDirector
Jeff MittlestadtDirector
Jeffrey Alan AllredDirector
Leonard WoodDirector
Jana RaedyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$104,129
Investment Income
$-34,230
Other Revenue
$-1,322
Change in Net Assets
$-54,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$122,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$4,408--$4,408
Fees for Services Legal-$2,900-$2,900
Fees for Services Accounting-$1,650-$1,650
Other Expenses$898--$898
Total Functional Expenses$118,435$4,550$0$122,985
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is provided to the kfbsf treasurer prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members are required to disclose annually in writing any potential conflicts of interest. These disclosures are reviewed by the executive director to avoid conflicts of interest.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kfbsf Inc
EIN
20-8071163
Phone
9199627158
Address
205 KENAN CENTER CB 3490, CHAPEL HILL, NC 27599-3490

Signing Officer

Name
Jana Raedy
Title
Member & Signing Officer
Phone
9199627158
Signed
2026-01-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jana Ready
Formed
2006
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Bernard Robinson & Company Llp
Address
1501 HIGHWOODS BLVD SUITE 300, GREENSBORO, NC 27410
Preparer
Irish Thurston
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

It is kfbsf, inc.'s policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2025 and 2024.

Raw XML AppendixShowing 400 of 616 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RelatedEntityInd01
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IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
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IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1-16699
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt218163
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt323785
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt416156
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN PRIVATE EQUITY FUND III LP
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT IN REAL ESTATE FUND III LP
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT IN REAL ESTATE FUND IV LP
IRS990ScheduleD/OtherSecuritiesGrp/Desc3INVESTMENT IN PRIVATE EQUITY FUND IV LP
IRS990ScheduleD/OtherSecuritiesGrp/Desc4INVESTMENT IN REAL ESTATE FUND V LP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS KFBSF, INC.'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2025 AND 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1473427
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2391461
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4201483
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5186918
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt048610
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt148545
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt256751
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt359043
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt431006
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt547526
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt50
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt120857
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt219604
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRAD STAATS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JANA RAEDY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DAVID HARTZELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3ART BAKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4JEFF MITTLESTADT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5JOE CANADY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5VICE PRESIDENT/ASSISTANT TREASURER
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IRS990ScheduleJ/SeverancePaymentInd00

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