Project Kitty Hawk Inc.

“The university of north carolina system ("unc") is the sole shareholder of the organization.”

“The organization's board of directors consist of nine members, including the president of the university of north carolina system ("unc") and the chair of the board of governors of unc. The remaining seven members shall be appointed by the board of governors of unc in consultation with the president of unc, and must include three members who served as chancellors or chief academic officers of constituent institutions of the university of north carolina, giving unc effective control over the organization's activities.”

“The board of directors and the management team review form 990 before it is filed.”

“The members of the board of directors are required to disclose any conflict of interest annually and as they arise during the year. For all other employees, the organization conducts a review every quarter.”

“The selection of the organization's president was conducted by a search committee comprised of members of the board of directors and the university of north carolina system ("unc"). The president's compensation package was approved by the board of directors. The compensation and benefit packages are reviewed by outside hr consultants to ensure consistency, internal equity, and salary market relevance. Unc also reviewed the hiring of key employees during the fiscal year.”

“The organization's governing documents and financial statements are availabe to the public upon request.”

“Consultants: program service expenses 142,143. Management and general expenses 9,488. Fundraising expenses 0. Total expenses 151,631. Technology consultants: program service expenses 0. Management and general expenses 43,025. Fundraising expenses 0. Total expenses 43,025.”

“Accrued payroll -266,667.”