2024-05-13T08:27:45-05:00 2023-06-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-07-01 208071163 KFBSF INC KFBS 9199627158 205 KENAN CENTER CB 3490 CHAPEL HILL NC 275993490 JANA RAEDY MEMBER & SIGNING OFFICER 9199627158 2024-05-10 1 JANA RAEDY XXX-XX-XXXX 0 JOHN M ROBINSON P01281319 3362944494 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER CONRAD 205 KENAN CENTER CB 3490 CHAPEL HILL NC 275993490 163346 0 X N/A X 2006 NC KFBSF, INC. IS ORGANIZED AND OPERATED TO SUPPORT THE KENAN-FLAGLER BUSINESS SCHOOL AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. KFBSF, INC. WAS FORMED TO SERVE AS THE GENERAL PARTNER OF LIMITED PARTNERSHIPS ESTABLISHED AS EDUCATIONAL PROGRAMS FOR MBA STUDENTS ATTENDING THE BUSINESS SCHOOL. THE PARTNERSHIPS WILL ENHANCE THE EDUCATIONAL OPPORTUNITIES AVAILABLE TO THE STUDENTS BY PROVIDING HANDS-ON EXPERIENCE IN OPERATING PRIVATE FUNDS. 6 2 0 0 0 0 0 0 142296 172213 356337 -60767 18890 -8966 517523 102480 550000 100000 0 0 0 0 0 0 0 123978 19267 673978 119267 -156455 -16787 365233 348446 3725 3725 361508 344721 PROVIDED FUNDS TO SUPPORT EDUCATIONAL INVESTMENT PROGRAMS FOR MBA STUDENTS AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. 0 0 115653 100000 172213 PROVIDED FUNDS TO SUPPORT EDUCATIONAL INVESTMENT PROGRAMS FOR MBA STUDENTS AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. 115653 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 2 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X JOE CANADY 9199627158 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 275993490 JENNIFER CONRAD INCOMING CHAIRMAN 2.00 40.00 X X 0 606162 70546 JANA RAEDY SECRETARY/TREASURER 1.00 40.00 X X 0 531219 62655 JEFFREY ALAN ALLRED DIRECTOR 1.00 X 0 0 0 DAVID HARTZELL DIRECTOR 1.00 40.00 X 0 443622 78021 ART BAKER DIRECTOR 1.00 40.00 X 0 40000 0 LEONARD WOOD DIRECTOR 1.00 X 0 0 0 SHAWN MUNDAY DIRECTOR 1.00 40.00 X 0 233140 44678 DOUGLAS A SHACKELFORD OUTGOING CHAIRMAN 1.00 40.00 X X 0 467358 75290 0 2321501 331190 0 0 1 0 0 GENERAL PARTNER ADMINI 561000 172213 172213 172213 99 99 60866 -60866 -60866 -60866 PASS-THROUGH INCOME 611430 -8966 -8966 -8966 102480 172213 0 -69733 100000 100000 550 550 3064 3064 MISCELLANEOUS 14822 14822 SERVICE PROVIDER EXPENS 831 831 119267 115653 3614 0 181235 142276 7117 94303 176881 111867 365233 348446 3725 3725 3725 3725 X 361508 344721 361508 344721 365233 348446 -16787 0 X 0 1 X 1 0 X X 1 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 566001393 2 1 119267 0 1 119267 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 INVESTMENT IN PRIVATE EQUITY FUND II LP 71798 C INVESTMENT IN PRIVATE EQUITY FUND III LP 175 C INVESTMENT IN REAL ESTATE FUND III LP -18004 C INVESTMENT IN REAL ESTATE FUND IV LP 17484 C INVESTMENT IN PRIVATE EQUITY FUND IV LP 24933 C INVESTMENT IN REAL ESTATE FUND V LP 15481 C 111867 X PART X, LINE 2: IT IS KFBSF, INC.'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023 AND 2022. 0 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 566001393 501(C)(3) 100000 0 FACILITIES SUPPORT 1 0 PART I, LINE 2: THE ORGANIZATION PROVIDES FUNDS TO SUPPORT THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION IN ITS MISSION TO AID, SUPPORT AND PROMOTE THE KENAN-FLAGLER BUSINESS SCHOOL AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL TO FURTHER THE SCHOOL'S EDUCATIONAL PURPOSES. 0 0 0 0 0 0 0 0 0 JENNIFER CONRAD INCOMING CHAIRMAN 0 548253 0 33909 0 24000 0 62235 0 8311 0 676708 0 0 JANA RAEDY SECRETARY/TREASURER 0 404344 0 126875 0 0 0 42182 0 20473 0 593874 0 0 DOUGLAS A SHACKELFORD OUTGOING CHAIRMAN 0 360115 0 5000 0 102243 0 61344 0 13946 0 542648 0 0 DAVID HARTZELL DIRECTOR 0 386330 0 57292 0 0 0 60506 0 17515 0 521643 0 0 SHAWN MUNDAY DIRECTOR 0 181140 0 50000 0 2000 0 31627 0 13051 0 277818 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE KFBSF TREASURER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY IN WRITING ANY POTENTIAL CONFLICTS OF INTEREST. THESE DISCLOSURES ARE REVIEWED BY THE EXECUTIVE DIRECTOR TO AVOID CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 560771850 SUPPORT NC 501(C)(3) LINE 5 N/A 0 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 566001393 EDUCATION NC 501(C)(3) LINE 2 N/A 0 KFBSF PRIVATE EQUITY FUND II LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 272086374 INVESTMENTS NC EXCLUDED 935 60865 0 1 0.20800 KFBSF PRIVATE EQUITY FUND III LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 364801803 INVESTMENTS NC EXCLUDED 2027 14968 0 1 0.01000 KFBSF PRIVATE EQUITY FUND IV LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 833352822 INVESTMENTS NC EXCLUDED 1826 27686 0 1 0.01000 KFBSF REAL ESTATE FUND II LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 371640163 INVESTMENTS NC EXCLUDED -35619 0 1 0.40600 KFBSF REAL ESTATE FUND III LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 320451217 INVESTMENTS NC EXCLUDED 2136 34422 0 1 0.01000 KFBSF REAL ESTATE FUND IV LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 384063605 INVESTMENTS NC EXCLUDED -3114 79738 0 1 0.01000 KFBSF REAL ESTATE FUND V LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 880558220 INVESTMENTS NC EXCLUDED -3716 52843 0 1 0.01000 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL B 100000