Civic Intelligence

Project Kitty Hawk Inc.

990 • Fiscal year 2023 • EIN 87-3871908

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 09, 2024

Organization ProfileWWW.PROJECTKITTYHAWK.COM

View Organization Page

101 Glen Lennox Drive Suite 300Chapel Hill, NC 27517

(404) 844-3649

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$30,069,308

Up $26,888,344 (+845%) from 2022

Net Assets

Up

$27,626,614

Up $24,837,423 (+890%) from 2022

Liabilities

Up

$2,442,694

Up $2,050,921 (+523%) from 2022

Revenue And Expenses

Revenue

Up

$41,231,521

Up $37,229,021 (+930%) from 2022

Expenses

Up

$16,660,763

Up $15,714,121 (+1660%) from 2022

Net Income

Up

$24,570,758

Up $21,514,900 (+704%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2022: $3,180,964Liabilities 2022: $391,773Net Assets 2022: $2,789,1912022Assets 2023: $30,069,308Liabilities 2023: $2,442,694Net Assets 2023: $27,626,6142023Assets 2024: $42,946,408Liabilities 2024: $3,321,592Net Assets 2024: $39,624,8162024

Highlighted filing

2023

Assets$30,069,308
Liabilities$2,442,694
Net Assets$27,626,614
Open 2023 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0Revenue 2022: $4,002,500Expenses 2022: $946,642Net Income 2022: $3,055,8582022Revenue 2023: $41,231,521Expenses 2023: $16,660,763Net Income 2023: $24,570,7582023Revenue 2024: $34,710,055Expenses 2024: $22,841,002Net Income 2024: $11,869,0532024

Highlighted filing

2023

Revenue$41,231,521
Expenses$16,660,763
Net Income$24,570,758
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 9, 2024
Return Version
2022v5.0
Gross Receipts
$41,232,650
Mission and Program Overview

Mission

To provide technology and online education services to university of north carolina institutions to meet the needs of adult learners and to expand accessibility to higher education for traditionally underserved populations.

To provide technology and online education services to unc institutions to meet the needs of adult learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,789,191$27,626,614▲ $24,837,423
Savings and Temporary Cash Investments-$18,163,856-
Intangible Assets$0$5,758,836▲ $5,758,836
Cash and Non-Interest-Bearing Accounts$2,616,835$5,131,207▲ $2,514,372
Prepaid Expenses and Deferred Charges$529,211$972,572▲ $443,361
Land, Buildings, and Equipment, Net$34,918$21,844▼ $13,074
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,180,964$30,069,308▲ $26,888,344
Other Assets Total$0$20,993▲ $20,993
Liabilities
Accounts Payable and Accrued Expenses$391,496$2,442,694▲ $2,051,198
Other Liabilities$277$0▼ $277
Total Liabilities$391,773$2,442,694▲ $2,050,921
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,789,191$27,626,614▲ $24,837,423
Total Liabilities and Net Assets / Fund Balance$3,180,964$30,069,308▲ $26,888,344

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,844$12,583$34,427
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William ZempPresidentFT$300,676$108,963$409,639
Eliza GoodspeedChief of StaffFT$134,126$8,711$142,837
Brian FlemingDirector of Strategy & Business DevelopmentFT$124,169$10,858$135,027
Andrew BagleyDirector of Strategy & Business DevelopmentFT$124,278$8,991$133,269
Christopher BoydDirector of General OpsFT$124,278$5,521$129,799

Board Members and Trustees

NameTitle
Courtney CrowderDirector
Frank GilliamDirector
John ComlyDirector
Nancy CableDirector
Peter HansDirector
Philip RogersDirector
Randy RamseyDirector
Ray CareyDirector
Sharon GaberDirector
Susan CatesDirector
Rae WilliamsChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,000,000
Program Service Revenue
$0
Investment Income
$227,747
Other Revenue
$3,774
Change in Net Assets
$24,570,758

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,231,521
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$41,231,521
Total Revenue per Form 990
$41,231,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,824,207
Salaries, Compensation, and Employee Benefits$5,836,556
Total Fundraising Expense$144,191
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,229,908$461,601-$5,691,509
Advertising$3,610,848$25,463-$3,636,311
Current Officers, Directors, Trustees, and Key Employees$1,481,836$1,351,435$71,129$2,904,400
Comp Disqual Persons$796,928$726,799$38,253$1,561,980
Other Salaries and Wages$669,545--$669,545
Information Technology$425,171$63,788$2,074$491,033
Payroll Taxes$174,832$159,446$8,392$342,670
Fees for Services Accounting-$329,548-$329,548
Travel$131,227$119,679$6,299$257,205
Other Employee Benefits$123,539$112,668$5,930$242,137
Pension Plan Contributions$59,094$53,893$2,837$115,824
Office Expenses$23,174$84,334$6,593$114,101
Occupancy-$97,614-$97,614
Fees for Services Legal-$66,445-$66,445
Insurance$2,281$11,575$109$13,965
Depreciation Depletion$6,095$5,558$293$11,946
Other Expenses$7,930$3,404$960$3,404
All Other Expenses$1,660$1,448-$3,108
Total Functional Expenses$12,791,612$3,724,960$144,191$16,660,763

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$16,660,763
Expenses per Audited Statements$16,487,429
Total Expenses per Audited Statements$16,487,429
Expenses Not Reported on Financial Statements$173,334
Other Expense Adjustments$173,334
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Travis Goodspeed OfficerSpouse of Eliza GoodspeedEmployee of the OrganizationNo$121,618
Adam ZempNephew of William Zemp (officer)Employee of the OrganizationNo$65,086
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
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

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

Form 990, Part VI, Section A, Line 7A

“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.”

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

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

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

“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.”

Form 990, Part VI, Section B, Line 15

“Any proposed adjustments to compensation for key employees are reviewed by the personnel committee of the board of directors. The compensation package requires approval 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.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Project Kitty Hawk Inc
EIN
87-3871908
Phone
4048443649
Address
101 GLEN LENNOX DRIVE SUITE 300, CHAPEL HILL, NC 27517

Signing Officer

Name
William Zemp
Title
President
Phone
4048443649
Signed
2024-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Zemp
Formed
2021
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
29
Volunteers
0

Preparer

Firm
Frazier & Deeter LLC
Address
1230 PEACHTREE STREET NE SUITE 1500, ATLANTA, GA 30309
Preparer
Kaumil Shah
Phone
4042537500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consultants: program service expenses 1,683,957. Management and general expenses 146,431. Fundraising expenses 0. Total expenses 1,830,388. Technology consultants: program service expenses 3,537,233. Management and general expenses 307,585. Fundraising expenses 0. Total expenses 3,844,818. Other professional fees: program service expenses 8,718. Management and general expenses 7,585. Fundraising expenses 0. Total expenses 16,303.”

FORM 990, PART XI, LINE 9:

“ACCRUED PAYROLL 173,334.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. The organization qualifies as an exempt public foundation. The organization recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the taxing authority based on technical merits of the position. As of june 30, 2023, there are no known items which would result in a material accrual related to federal or state tax positions.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“ACCRUED PAYROLL 173,334.”

Raw XML AppendixShowing 400 of 571 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0391496
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02442694
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE TECHNOLOGY AND ONLINE EDUCATION SERVICES TO UNC INSTITUTIONS TO MEET THE NEEDS OF ADULT LEARNERS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt025463
IRS990/AdvertisingGrp/ProgramServicesAmt03610848
IRS990/AdvertisingGrp/TotalAmt03636311
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01448
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01660
IRS990/AllOtherExpensesGrp/TotalAmt03108
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RAE WILLIAMS
IRS990/BooksInCareOfDetail/PhoneNum04048443649
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0101 GLEN LENNOX DRIVE SUITE 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHAPEL HILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027517
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd01
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt02616835
IRS990/CashNonInterestBearingGrp/EOYAmt05131207
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt071129
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt01351435
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt01481836
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt02904400
IRS990/CompDisqualPersonsGrp/FundraisingAmt038253
IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt0726799
IRS990/CompDisqualPersonsGrp/ProgramServicesAmt0796928
IRS990/CompDisqualPersonsGrp/TotalAmt01561980
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt041000000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0227747
IRS990/CYOtherExpensesAmt010824207
IRS990/CYOtherRevenueAmt03774
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt024570758
IRS990/CYSalariesCompEmpBnftPaidAmt05836556
IRS990/CYTotalExpensesAmt016660763
IRS990/CYTotalFundraisingExpenseAmt0144191
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt041231521
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0293
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt05558
IRS990/DepreciationDepletionGrp/ProgramServicesAmt06095
IRS990/DepreciationDepletionGrp/TotalAmt011946
IRS990/Desc0THE ORGANIZATION DEVELOPED STRATEGY TO ACCELERATE APPROVAL OF PROGRAM'S EDUCATIONAL INSTITUTIONS AND TO ASSIST FUTURE ENROLLMENT OF 422 STUDENTS THROUGH THE ORGANIZATION'S ENROLLMENT PROGRAM. THE ORGANIZATION IS ON TRACK TO LAUNCH NINE PROGRAMS DURING 2024 AT VARIOUS EDUCATIONAL INSTITUTIONS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt029
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt012791612
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0329548
IRS990/FeesForServicesAccountingGrp/TotalAmt0329548
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt066445
IRS990/FeesForServicesLegalGrp/TotalAmt066445
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0461601
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt05229908
IRS990/FeesForServicesOtherGrp/TotalAmt05691509
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt73.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt83.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt93.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1018963
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt118711
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt138991
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt145521
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1510858
IRS990/Form990PartVIISectionAGrp/PersonNm0RAY CAREY
IRS990/Form990PartVIISectionAGrp/PersonNm1SUSAN CATES
IRS990/Form990PartVIISectionAGrp/PersonNm2SHARON GABER
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN COMLY
IRS990/Form990PartVIISectionAGrp/PersonNm4COURTNEY CROWDER
IRS990/Form990PartVIISectionAGrp/PersonNm5FRANK GILLIAM
IRS990/Form990PartVIISectionAGrp/PersonNm6PHILIP ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm7PETER HANS
IRS990/Form990PartVIISectionAGrp/PersonNm8RANDY RAMSEY
IRS990/Form990PartVIISectionAGrp/PersonNm9NANCY CABLE
IRS990/Form990PartVIISectionAGrp/PersonNm10WILLIAM ZEMP
IRS990/Form990PartVIISectionAGrp/PersonNm11ELIZA GOODSPEED
IRS990/Form990PartVIISectionAGrp/PersonNm12RAE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm13ANDREW BAGLEY
IRS990/Form990PartVIISectionAGrp/PersonNm14CHRISTOPHER BOYD
IRS990/Form990PartVIISectionAGrp/PersonNm15BRIAN FLEMING
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10390676
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11134126
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13124278
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14124278
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15124169
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF STRATEGY & BUSINESS DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF GENERAL OPS
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF STRATEGY & BUSINESS DEVELOPMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0563
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt041000000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01692
IRS990/GrossReceiptsAmt041232650
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02074
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt063788
IRS990/InformationTechnologyGrp/ProgramServicesAmt0425171
IRS990/InformationTechnologyGrp/TotalAmt0491033
IRS990/InsuranceGrp/FundraisingAmt0109
IRS990/InsuranceGrp/ManagementAndGeneralAmt011575
IRS990/InsuranceGrp/ProgramServicesAmt02281
IRS990/InsuranceGrp/TotalAmt013965
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt05758836
IRS990/InvestmentIncomeGrp/ExclusionAmt0227184
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0227184
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012583
IRS990/LandBldgEquipBasisNetGrp/BOYAmt034918
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021844
IRS990/LandBldgEquipCostOrOtherBssAmt034427
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01129
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE TECHNOLOGY AND ONLINE EDUCATION SERVICES TO UNIVERSITY OF NORTH CAROLINA INSTITUTIONS TO MEET THE NEEDS OF ADULT LEARNERS AND TO EXPAND ACCESSIBILITY TO HIGHER EDUCATION FOR TRADITIONALLY UNDERSERVED POPULATIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02789191
IRS990/NetAssetsOrFundBalancesEOYAmt027626614
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0563
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0563
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt097614
IRS990/OccupancyGrp/TotalAmt097614
IRS990/OfficeExpensesGrp/FundraisingAmt06593
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt084334
IRS990/OfficeExpensesGrp/ProgramServicesAmt023174
IRS990/OfficeExpensesGrp/TotalAmt0114101
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt020993
IRS990/OtherChangesInNetAssetsAmt0173334
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05930
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0112668
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0123539
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0242137
IRS990/OtherExpensesGrp/Desc0PAYROLL FEES
IRS990/OtherExpensesGrp/Desc1TELEPHONE AND INTERNET
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt01322
IRS990/OtherExpensesGrp/FundraisingAmt1960
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025114
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118247
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26901
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33404
IRS990/OtherExpensesGrp/ProgramServicesAmt027537
IRS990/OtherExpensesGrp/ProgramServicesAmt120007
IRS990/OtherExpensesGrp/ProgramServicesAmt27930
IRS990/OtherExpensesGrp/TotalAmt053973
IRS990/OtherExpensesGrp/TotalAmt139214
IRS990/OtherExpensesGrp/TotalAmt214831
IRS990/OtherExpensesGrp/TotalAmt33404
IRS990/OtherLiabilitiesGrp/BOYAmt0277
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03774
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03774
IRS990/OtherRevenueTotalAmt03774
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0669545
IRS990/OtherSalariesAndWagesGrp/TotalAmt0669545
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08392
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0159446
IRS990/PayrollTaxesGrp/ProgramServicesAmt0174832
IRS990/PayrollTaxesGrp/TotalAmt0342670
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt02837
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt053893
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt059094
IRS990/PensionPlanContributionsGrp/TotalAmt0115824
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0529211
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0972572
IRS990/PrincipalOfficerNm0WILLIAM ZEMP
IRS990/PriorPeriodAdjustmentsAmt093331
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04002500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0334179
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03055858
IRS990/PYSalariesCompEmpBnftPaidAmt0612463
IRS990/PYTotalExpensesAmt0946642
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04002500
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt024570758
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02789191
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt027626614
IRS990/SavingsAndTempCashInvstGrp/EOYAmt018163856
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt041000000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04002500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt045002500
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0227184
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0227184
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03774
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03774
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt045002500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt041000000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04002500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt045002500
IRS990ScheduleA/TotalSupportAmt045233458
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt021844
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012583
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034427
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0173334
IRS990ScheduleD/ExpensesSubtotalAmt016487429
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt0173334
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt041231521
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION QUALIFIES AS AN EXEMPT PUBLIC FOUNDATION. THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITY BASED ON TECHNICAL MERITS OF THE POSITION. AS OF JUNE 30, 2023, THERE ARE NO KNOWN ITEMS WHICH WOULD RESULT IN A MATERIAL ACCRUAL RELATED TO FEDERAL OR STATE TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCRUED PAYROLL 173,334.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021844
IRS990ScheduleD/TotalExpensesPerForm990Amt016660763
IRS990ScheduleD/TotalRevenuePerForm990Amt041231521
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt041231521
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt016487429
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,069,308
Liabilities
$2,442,694
Net assets
$27,626,614
Revenue
$41,231,521
Expenses
$16,660,763
Net income
$24,570,758
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$42.9$3.32$39.6$34.7$22.8$11.9
2023Detailed filing. Detailed filing data is available for this year.$30.1$2.44$27.6$41.2$16.7$24.6
2022Detailed filing. Detailed filing data is available for this year.$3.18$0.39$2.79$4.00$0.95$3.06