Nonprofit · EIN 20-8071163
KFBSF INC
Tax-exempt · CHAPEL HILL, NC 27599
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $68,577 | $122,985 | -$54,408 | $498,503 | $3,725 | $494,778 |
| June 30, 2024 | 990 | $237,983 | $33,518 | $204,465 | $552,911 | $3,725 | $549,186 |
| June 30, 2023 | 990 | $102,480 | $119,267 | -$16,787 | $348,446 | $3,725 | $344,721 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $104,129
- Investment income
- -$34,230
- Net gain from sales of assets
- -$36,309
- Other revenue
- -$1,322
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,900
- Accounting fees
- $1,650
- Program services (functional)
- $118,435
- Management and general (functional)
- $4,550
Balance sheet and other
- Total assets, start of year
- $552,911
- Total assets, end of year
- $498,503
- Total liabilities, end of year
- $3,725
- Net assets, end of year
- $494,778
- Net assets without donor restrictions
- $494,778
- Gross receipts
- $104,886
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRAD STAATS | DIRECTOR Trustee or director | 1 | $0 | $784,954 | $69,818 |
| JANA RAEDY | TREASURER Trustee or director, Officer | 1 | $0 | $548,760 | $69,402 |
| DAVID HARTZELL | DIRECTOR Trustee or director | 1 | $0 | $391,461 | $76,355 |
| ART BAKER | DIRECTOR Trustee or director | 1 | $0 | $229,471 | $78,437 |
| JEFF MITTLESTADT | DIRECTOR Trustee or director | 1 | $0 | $208,983 | $50,479 |
| JOE CANADY | VICE PRESIDENT/ASSISTANT TREASURER Trustee or director, Officer | 1 | $0 | $186,918 | $62,343 |
| JEFFREY ALAN ALLRED | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEONARD WOOD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLIE BRINDELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JENNIFER CONRAD | OUTGOING CHAIR Trustee or director, Officer | 2 | $0 | $621,090 | $75,476 |
| JANA RAEDY | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $532,476 | $65,510 |
| DAVID HARTZELL | DIRECTOR Trustee or director | 1 | $0 | $439,699 | $81,759 |
| ART BAKER | DIRECTOR Trustee or director | 1 | $0 | $240,100 | $62,011 |
| JOE CANADY | VICE PRESIDENT/ASSISTANT TREASURER Trustee or director, Officer | 1 | $0 | $180,582 | $60,008 |
| JEFFREY ALAN ALLRED | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEONARD WOOD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLIE BRINDELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JENNIFER CONRAD | INCOMING CHAIRMAN Trustee or director, Officer | 2 | $0 | $606,162 | $70,546 |
| JANA RAEDY | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $531,219 | $62,655 |
| DOUGLAS A SHACKELFORD | OUTGOING CHAIRMAN Trustee or director, Officer | 1 | $0 | $467,358 | $75,290 |
| DAVID HARTZELL | DIRECTOR Trustee or director | 1 | $0 | $443,622 | $78,021 |
| SHAWN MUNDAY | DIRECTOR Trustee or director | 1 | $0 | $233,140 | $44,678 |
| ART BAKER | DIRECTOR Trustee or director | 1 | $0 | $40,000 | $0 |
| JEFFREY ALAN ALLRED | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEONARD WOOD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 205 KENAN CENTER CB 3490, CHAPEL HILL, NC 27599-3490
- In care of
- % DAVID W STEVENS
- Principal officer (990 for 2024)
- JANA READY, 205 KENAN CENTER CB 3490, CHAPEL HILL, NC 275993490
- Signed the 990
- JANA RAEDY, MEMBER & SIGNING OFFICER
- Phone
- (919) 962-7158
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
PROVIDED FUNDS TO SUPPORT EDUCATIONAL INVESTMENT PROGRAMS FOR MBA STUDENTS AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
Program accomplishments
- PROVIDED FUNDS TO SUPPORT EDUCATIONAL INVESTMENT PROGRAMS FOR MBA STUDENTS AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.Expenses $118,435 · revenue $104,129
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8071163
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $498,503
- Income (IRS master file)
- $104,886
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $68,577 | $122,985 | $498,503 | XML |
| 990 | June 2024 | $237,983 | $33,518 | $552,911 | XML |
| 990 | June 2023 | $102,480 | $119,267 | $348,446 | XML |
| 990 | June 2022 | $517,523 | $673,978 | $365,233 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8071163).
Questions about KFBSF INC
- What is the EIN of KFBSF INC?
- The employer identification number (EIN) of KFBSF INC is 20-8071163.
- Is KFBSF INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to KFBSF INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does KFBSF INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KFBSF INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KFBSF INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of KFBSF INC?
- The 990 for the year ended June 30, 2025 names JANA READY.
- Who are the officers and directors of KFBSF INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does KFBSF INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $68,577, expenses of $122,985 and total assets of $498,503 at year end.
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