2025-04-22T07:54:57-05:00 2024-06-30 581433845 FRAZIER & DEETER LLC 1230 PEACHTREE STREET NE SUITE 1500 ATLANTA GA 30309 990 2023-07-01 873871908 PROJECT KITTY HAWK INC PROJ 4048443649 101 GLEN LENNOX DRIVE SUITE 300 CHAPEL HILL NC 27517 DR ANDREW P KELLY CEO 4048443649 2025-04-22 1 0 KAUMIL SHAH P01516590 4042537500 2025-04-22 2023 2025-03-06 01:10:19Z DR ANDREW P KELLY 101 GLEN LENNOX DRIVE SUITE 300 CHAPEL HILL NC 27517 34713682 0 X WWW.PROJECTKITTYHAWK.COM X 2021 NC TO PROVIDE TECHNOLOGY AND ONLINE EDUCATION SERVICES TO UNC INSTITUTIONS TO MEET THE NEEDS OF ADULT LEARNERS. 9 9 59 0 0 0 41000000 27333333 0 5783367 227747 1529460 3774 63895 41231521 34710055 0 666667 0 0 5836556 9423884 0 52000 249485 10824207 12698451 16660763 22841002 24570758 11869053 30069308 42946408 2442694 3321592 27626614 39624816 X 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. 0 0 13266947 666667 5844288 THE ORGANIZATION LAUNCHED NEW PROGRAMS EAST CAROLINA UNIVERSITY, NORTH CAROLINA CENTERAL UNIVERSITY AND APPALACHIAN STATE UNIVERSITY.A. MARKETING AND ADMISSION: ATTRACT AND ENGAGE PROSPECTIVE STUDENTS, INCREASE AWARENESS OF PROGRAMS AND DRIVE MARKETING THROUGH TARGETED MARKETING.B. STUDENT SERVICES AND SUPPORT: PROVIDE ONGOING ASSISTANCE TO HELP STUDENTS NAVIGATE THEIR EDUCATION EXPERIENCE THROUGH COACHING, 24/7 TECHNICAL SUPPORT, MENTAL HEALTH SERVICES AND ON-DEMAND TUTORING SERVICES.C. FACULTY SERVICES: ATTRACH AND RETAIN TALENT BY PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND ONGOING SUPPORT.D. PARTNERSHIP MANAGEMENT: UTILIZE COMPREHENSIVE MARKET ANALYSIS AND DATA TO MAKE INFORMED DECISION ABOUT PROGRAMS, REPORTING AND PROCESSES. THE ORGANIZATION BROUGHT BACK 1,610 STUDENTS TO THE UNC SYSTEM THROUGH ITS' ENROLLMENT PROGRAM, DEVELOPED OVER 40 COURSES SINCE INCEPTION AND STARTED 228 NEW STUDENTS IN PROGRAMS POWERED BY THE ORGANIZATION. 13266947 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 9 0 59 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X RAE WILLIAMS 4048443649 101 GLEN LENNOX DRIVE SUITE 300 CHAPEL HILL NC 27517 X RAY CAREY DIRECTOR 3.00 X 0 0 0 SUSAN CATES DIRECTOR 3.00 X 0 0 0 SHARON GABER DIRECTOR 3.00 X 0 0 0 JOHN COMLY DIRECTOR 3.00 X 0 0 0 COURTNEY CROWDER DIRECTOR 3.00 X 0 0 0 PHILIP ROGERS DIRECTOR 3.00 X 0 0 0 PETER HANS DIRECTOR 3.00 X 0 0 0 KARRIE DIXON DIRECTOR 3.00 X 0 0 0 WENDY MURPHY DIRECTOR 3.00 X 0 0 0 WILLIAM ZEMP PRESIDENT 40.00 X 635000 0 36632 RAE WILLIAMS CHIEF FINANCIAL OFFICER 40.00 X 201365 0 17261 DAVID EBY CHIEF OPERATING OFFICER 40.00 X 192884 0 10659 ELIZA S GOODSPEED CHIEF OF STAFF 40.00 X 156827 0 9558 ANDREW BAGLEY DIRECTOR OF STRATEGY & BUS 40.00 X 260000 0 18251 CHRISTOPHER BOYD DIRECTOR OF GENERAL OPS 40.00 X 260000 0 13246 ERIN COOKE DIRECTOR OF PRODUCT MGMT 40.00 X 204808 0 17835 BRIAN FLEMING DIRECTOR OF STRATEGY & BUS 40.00 X 267500 0 21980 KERRY A CLEGG SENIOR STUDENT SUPPORT MGR 40.00 X 184000 0 28934 2362384 0 174356 9 1 1 0 DAVID EBY 10207 HOWE LANE LEAWOOD KS 66206 CONSULTANT 171667 1 27333333 27333333 PROGRAM REVENUE 611710 5783367 5783367 5783367 1532434 1532434 653 3627 -2974 -2974 -2974 MISCELLANEOUS REVENUE 900099 63895 63895 63895 34710055 5844288 0 1532434 X 666667 666667 1435156 708167 697580 29409 6636854 3274906 3225947 136001 194924 194924 201470 99414 97928 4128 442499 218348 215084 9067 512981 253127 249342 10512 73755 73755 183985 183985 52000 52000 3220510 1178582 2041928 5641316 5630098 11218 50123 9765 40087 271 898963 837079 61519 365 153343 153343 206601 101946 100421 4234 2055884 5377 2050284 223 31502 3231 28137 134 PAYROLL FEES 86450 42658 42020 1772 TELEPHONE AND INTERNET 66783 32952 32462 1369 DUES AND SUBSCRIPTIONS 11926 6129 5797 0 BANK FEES 10350 0 10350 0 6960 3577 3383 22841002 13266947 9324570 249485 5131207 4439478 18163856 23032419 458333 5725533 972572 896325 23958 16638 21844 7320 5758836 8374095 20993 12905 30069308 42946408 2442694 3321592 2442694 3321592 X 0 0 0 0 27626614 39624816 27626614 39624816 30069308 42946408 X 11869053 129149 X X 0 1 X 1 1 1 X 4002500 41000000 27333333 72335833 4002500 41000000 27333333 72335833 72335833 227184 1532434 1759618 3774 5847262 5851036 79946487 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23958 16638 7320 7320 X 34501720 0 34501720 208335 208335 34710055 22503518 -337484 -337484 22841002 0 22841002 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, 2024, THERE ARE NO KNOWN ITEMS WHICH WOULD RESULT IN A MATERIAL ACCRUAL RELATED TO FEDERAL OR STATE TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROGRAM REVENUE 208,335. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACCRUED PAYROLL 247,309. BAD DEBT EXPENSE 57,834. GRANTS -666,667. MEALS 24,040. 1 REWIRED 4609 OLD LINDEN HILL ROAD WILMINGTON DE 19808 PREPARATION OF MATERIALS FOR GRANTS 0 0 52000 0 52000 NC PART I, LINE 2B, COLUMN V THE AMOUNT REPRESENTS FEES FOR SERVICES TO GENERATE MATERIALS FOR GRANTS. 1 NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETVILLE ST DURHAM NC 27707 566000730 501(C)(3) 300000 0 CASH THE ORGANIZATION AWARDS PROGRAM LAUNCH GRANTS TO COVER START-UP OPERATING COSTS TO ENCOURAGE EARLY ADOPTION OF THE ORGANIZATION'S PLATFORM. EAST CAROLINA UNIVERSITY MAIL STOP 203 1000 E 5TH STREET GREENVILLE NC 27858 566000403 501(C)(3) 366667 0 CASH THE ORGANIZATION AWARDS PROGRAM LAUNCH GRANTS TO COVER START-UP OPERATING COSTS TO ENCOURAGE EARLY ADOPTION OF THE ORGANIZATION'S PLATFORM. 2 0 X X 0 0 0 0 0 0 0 0 0 WILLIAM ZEMP PRESIDENT 350000 0 285000 0 0 0 13200 0 23432 0 671632 0 0 0 BRIAN FLEMING DIRECTOR OF STRATEGY & BUS 200000 0 67500 0 0 0 0 0 21980 0 289480 0 0 0 ANDREW BAGLEY DIRECTOR OF STRATEGY & BUS 200000 0 60000 0 0 0 8000 0 10251 0 278251 0 0 0 CHRISTOPHER BOYD DIRECTOR OF GENERAL OPS 200000 0 60000 0 0 0 9150 0 4096 0 273246 0 0 0 ERIN COOKE DIRECTOR OF PRODUCT MGMT 164808 0 40000 0 0 0 8192 0 9643 0 222643 0 0 0 RAE WILLIAMS CHIEF FINANCIAL OFFICER 181365 0 20000 0 0 0 7921 0 9340 0 218626 0 0 0 KERRY A CLEGG SENIOR STUDENT SUPPORT MGR 160000 0 24000 0 0 0 7360 0 21574 0 212934 0 0 0 DAVID EBY CHIEF OPERATING OFFICER 192884 0 0 0 0 0 0 0 10659 0 203543 0 0 0 ELIZA S GOODSPEED CHIEF OF STAFF 123077 0 33750 0 0 0 0 0 9558 0 166385 0 0 0 ADAM ZEMP NEPHEW OF WILLIAM ZEMP (OFFICER) 18529 EMPLOYEE OF THE ORGANIZATION 0 TRAVIS GOODSPEED OFFICER SPOUSE OF ELIZA GOODSPEED 23077 EMPLOYEE OF THE ORGANIZATION 0 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. PART VII, SECTION A, LINE 1A WILL ZEMP'S COMPENSATION INCLUDES THE FOLLOWING: A. BASE SALARY: $350,000 B. PERFORMANCE BONUS: $195,000 C. START-UP STIPEND: $90,000 PART VII, SECTION B, LINE 1 DAVID EBY WAS A CONTRACTOR FROM JANUARY 1 TO APRIL 30, 2023 AND THEN TRANSITIONED TO FULL-TIME EMPLOYMENT ON MAY 1, 2023. FORM 990, PART IX, LINE 11G TECHNOLOGY CONSULTANTS: PROGRAM SERVICE EXPENSES 594,342. MANAGEMENT AND GENERAL EXPENSES 1,989,752. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,584,094. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,597. MANAGEMENT AND GENERAL EXPENSES 1,511. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,108. CONTRACT FEES: PROGRAM SERVICE EXPENSES 582,643. MANAGEMENT AND GENERAL EXPENSES 50,665. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 633,308. FORM 990, PART XI, LINE 9: ACCRUED PAYROLL -247,309. BAD DEBT EXPENSE -57,834. GRANTS 458,332. MEALS -24,040. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. THE UNIVERSITY OF NORTH CAROLINA SYSTEM 223 S WEST STREET SUITE 1800 RALEIGH NC 27603 566172047 UNIVERSITY NC 501(C)(3) LINE 2 YES 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0