Nonprofit · EIN 56-0771850
KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION
Tax-exempt · CHAPEL HILL, NC 27599
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $56,551,031 | $50,040,059 | $6,510,972 | $305,218,348 | $5,559,267 | $299,659,081 |
| June 30, 2024 | 990 | $48,037,588 | $36,915,574 | $11,122,014 | $287,274,033 | $5,371,958 | $281,902,075 |
| June 30, 2023 | 990 | $44,573,407 | $35,966,912 | $8,606,495 | $268,628,293 | $8,589,226 | $260,039,067 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $29,511,861
- Program service revenue
- $16,319,000
- Investment income
- $10,576,637
- Net rental income
- $428
- Net gain from sales of assets
- $102,533
- Other revenue
- $143,533
Expenses
- Grants and similar amounts paid
- $50,040,059
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $50,040,059
Balance sheet and other
- Total assets, start of year
- $287,274,033
- Total assets, end of year
- $305,218,348
- Total liabilities, end of year
- $5,559,267
- Net assets, end of year
- $299,659,081
- Land, buildings and equipment
- $3,091,047
- Publicly traded securities
- $197,736,225
- Net assets without donor restrictions
- $1,708,800
- Net assets with donor restrictions
- $297,950,281
- Gross receipts
- $56,566,437
- Employees
- 62
- Volunteers
- 0
- Year formed
- 1946
- 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 |
|---|---|---|---|---|---|
| CHRISTIAN LUNDBLAD | DIRECTOR Trustee or director | 0.1 | $0 | $823,847 | $70,507 |
| MARY MARGARET FRANK | DIRECTOR Trustee or director | 0.1 | $0 | $592,341 | $69,455 |
| JANA RAEDY | TREASURER Trustee or director, Officer | 0.1 | $0 | $548,760 | $69,402 |
| MARY MARGARET CARROLL | DIRECTOR Trustee or director | 0.1 | $0 | $223,502 | $53,139 |
| TOM CAWLEY | SECRETARY Officer | 0.1 | $0 | $128,868 | $43,900 |
| FRANCIE KEENAN | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| BETSY BATTLE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DARIUS DAVIS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BRIAN HOGAN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BILL HACKNEY | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| NATASHA AUSTIN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BRETT KENEFICK | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRISTIAN LUNDBLAD | DIRECTOR Trustee or director | 0.1 | $0 | $709,038 | $66,400 |
| JENNIFER CONRAD | DIRECTOR Trustee or director | 0.1 | $0 | $621,090 | $75,476 |
| JANA RAEDY | TREASURER Trustee or director, Officer | 0.1 | $0 | $532,476 | $65,510 |
| SHONTEL GRUMHAUS | DIRECTOR Trustee or director | 0.1 | $0 | $282,164 | $51,592 |
| MARY MARGARET FRANK | DIRECTOR Trustee or director | 0.1 | $0 | $233,792 | $37,657 |
| MARY MARGARET CARROLL | DIRECTOR Trustee or director | 0.1 | $0 | $196,146 | $43,699 |
| TOM CAWLEY | SECRETARY Officer | 0.1 | $0 | $129,142 | $43,323 |
| FRANCIE KEENAN | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| BETSY BATTLE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DARIUS L DAVIS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BRIAN HOGAN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BILL HACKNEY | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| NATASHA AUSTIN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BRETT KENEFICK | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JENNIFER CONRAD | DIRECTOR Trustee or director | 0.1 | $0 | $606,162 | $70,546 |
| JANA RAEDY | TREASURER Trustee or director, Officer | 0.1 | $0 | $531,219 | $62,655 |
| DOUGLAS A SHACKELFORD | OUTGOING CHAIRPERSON Trustee or director, Officer | 0.1 | $0 | $467,358 | $75,290 |
| SHONTEL GRUMHAUS | DIRECTOR Trustee or director | 0.1 | $0 | $267,138 | $52,633 |
| SHAWN MUNDAY | DIRECTOR Trustee or director | 0.1 | $0 | $233,140 | $44,678 |
| TOM CAWLEY | SECRETARY Officer | 0.1 | $0 | $105,734 | $37,838 |
| FRANCIE KEENAN | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| BETSY BATTLE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| STEVE CUMBIE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DARIUS L DAVIS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BRIAN HOGAN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| STEVE SKOLSKY | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BRIEN WHITE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 205 KENAN CENTER CB 3490, CHAPEL HILL, NC 27599-3490
- In care of
- % R JANE MCLELLAND
- Principal officer (990 for 2024)
- JANA RAEDY, 205 KENAN CENTER CB 3490, CHAPEL HILL, NC 275993490
- Signed the 990
- JANA RAEDY, TREASURER
- Phone
- (919) 962-7158
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
PROVIDED FUNDS FOR TEACHING SALARIES, RESEARCH PLANNING & ADMINISTRATION, PLACEMENT OF TEACHERS, AND STUDENT FINANCIAL ASSISTANCE TO SUPPLEMENT THE OPERATIONS OF THE UNC SCHOOL OF BUSINESS.
Program accomplishments
- PROVIDED FUNDS FOR TEACHING SALARIES, RESEARCH PLANNING & ADMINISTRATION, PLACEMENT OF TEACHERS, AND STUDENT FINANCIAL ASSISTANCE TO SUPPLEMENT THE OPERATIONS OF THE UNC SCHOOL OF BUSINESS.Expenses $50,040,059 · grants $50,040,059 · revenue $16,319,000
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
- 56-0771850
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1951
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $305,218,348
- Income (IRS master file)
- $56,566,437
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $56,551,031 | $50,040,059 | $305,218,348 | XML |
| 990 | June 2024 | $48,037,588 | $36,915,574 | $287,274,033 | XML |
| 990 | June 2023 | $44,573,407 | $35,966,912 | $268,628,293 | XML |
| 990 | June 2022 | $44,675,511 | $23,678,383 | $259,673,453 | IRS |
| 990 | June 2021 | – | – | – | 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 56-0771850).
Questions about KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION
- What is the EIN of KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION?
- The employer identification number (EIN) of KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION is 56-0771850.
- Is KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
- Are donations to KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION 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 KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION 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 KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION 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 KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION?
- The 990 for the year ended June 30, 2025 names JANA RAEDY.
- Who are the officers and directors of KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $56,551,031, expenses of $50,040,059 and total assets of $305,218,348 at year end.
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- UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION INC EIN 59-1711424 · last filed 990 for 2025
- MOREHEAD CAIN FOUNDATION EIN 56-0599225 · last filed 990-PF for 2025
- GENERAL ALUMNI ASSOC EIN 56-6000469 · last filed 990 for 2025
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