2026-05-04T13:20:39-05:00 2025-06-30 333737422 FRAZIER & DEETER LLC 1230 PEACHTREE STREET NE SUITE 1500 ATLANTA GA 30309 990 2024-07-01 873871908 PROJECT KITTY HAWK INC PROJ 3302092399 101 GLEN LENNOX DRIVE SUITE 300 CHAPEL HILL NC 27517 DR ANDREW P KELLY CEO 3302092399 2026-05-04 1 0 RASHEEDAH LUQMAN P01823662 4042537500 2026-04-20 2024 2025-03-06 01:10:19Z DR ANDREW P KELLY 101 GLEN LENNOX DRIVE SUITE 300 CHAPEL HILL NC 27517 40374468 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 68 0 0 0 27333333 24666667 5783367 13893081 1529460 1532783 63895 281937 34710055 40374468 666667 1000000 0 0 9423884 9929057 52000 0 118488 12698451 18988696 22841002 29917753 11869053 10456715 42946408 52913979 3321592 2832623 39624816 50081356 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 18189409 1000000 14175018 THE ORGANIZATION HAS CONTINUED SERVICES AT 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 ENROLLMENT THROUGH TARGETED MARKETING AND STUDENT RECRUITMENT.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 2,147 STUDENTS TO THE UNC SYSTEM THROUGH ITS' ENROLLMENT PROGRAM, DEVELOPED OVER 200 COURSES SINCE INCEPTION AND STARTED 1,469 NEW STUDENTS IN PROGRAMS POWERED BY THE ORGANIZATION. 18189409 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 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 15 0 68 1 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 MEGAN WALKER 3302092399 101 GLEN LENNOX DRIVE SUITE 300 CHAPEL HILL NC 27517 RAY CAREY DIRECTOR 3.00 X 0 0 0 SUSAN CATES DIRECTOR 3.00 X 0 0 0 RANDY RAMSEY 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 HEATHER NORRIS DIRECTOR 3.00 X 0 0 0 RAE WILLIAMS CHIEF FINANCIAL OFFICER 40.00 X 281164 0 17031 DAVID EBY CHIEF OPERATING OFFICER 40.00 X 415836 0 28436 ANDREW KELLY PRESIDENT & CEO 40.00 X 147115 0 8549 ANDREW BAGLEY DIRECTOR OF BUSINESS ANALYTICS 40.00 X 261923 0 18016 CHRISTOPHER BOYD VICE PRESIDENT OF OPERATIONS 40.00 X 255923 0 12794 BRIAN FLEMING VICE PRESIDENT OF BUSINESS DEVELOPMENT & STRATEGY 40.00 X 261923 0 21254 JERRY THOMPSON VICE PRESIDENT OF TECHNOLOGY 40.00 X 282452 0 18926 JACK LEWANDOWSKI VICE PRESIDENT OF STUDENT EXPERIENCE 40.00 X 226923 0 26484 WILLIAM ZEMP FORMER CEO 40.00 X 478078 0 12401 AIDAN JONES SENIOR DIGITAL PROJECT MANAGER 40.00 X 155746 0 14728 JULIA CARROLL DIRECTOR OF PEOPLE OPERATIONS 40.00 X 147258 0 11618 JOEL HAWKS DATA GOVERNANCE LEAD 40.00 X 143049 0 15257 3057390 0 205494 12 1 1 0 0 24666667 24666667 PROGRAM REVENUE 611710 13893081 13893081 13893081 1532783 1532783 MISCELLANEOUS REVENUE 900099 281937 281937 281937 40374468 14175018 0 1532783 1000000 1000000 3262884 1710099 1514169 38616 5779967 3029319 2682243 68405 261047 136817 121141 3089 625159 327650 290110 7399 29092 24722 4370 74327 63163 11164 1224615 933507 291108 9039003 7681292 1357711 4632000 3077042 1554958 111905 111905 95078 54376 40702 3277244 3277244 37378 37378 NON-GRANT EXPENSE 232441 232441 BAD DEBT 89404 89404 TELEPHONE AND INTERNET 78875 41339 36603 933 OTHER OPERATING EXPENSE 44794 44794 22540 20679 1815 46 29917753 18189409 11609856 118488 4439478 247718 23032419 31199174 458333 866667 5725533 14589015 896325 759190 22694 22694 7320 0 8374095 5240249 12905 11966 42946408 52913979 3321592 2807623 0 25000 3321592 2832623 X 0 0 0 0 39624816 50081356 39624816 50081356 42946408 52913979 10456715 -175 0 X 0 1 X 1 1 1 X 4002500 41000000 27333333 24666667 97002500 4002500 41000000 27333333 24666667 97002500 97002500 227184 1532434 1532782 3292400 3774 5847262 14175018 20026054 120320954 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22694 22694 0 0 CONTRACT LIABILITY 25000 25000 X 39782625 -175 -175 39782800 591667 591667 40374467 29326086 0 29326086 591667 591667 29917753 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, 2025, 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: GRANT CONTRA REVENUE 591,667. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT CONTRA REVENUE 591,667. 1 NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETVILLE ST DURHAM NC 27707 566000730 501(C)(3) 400000 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. APPALACHIAN STATE UNIVERSITY 287 RIVERS ST BOONE NC 28608 237099379 501(C)(3) 233333 0 CASH THE ORGANIZATION AWARDS PROGRAM LAUNCH GRANTS TO COVER START-UP OPERATING COSTS TO ENCOURAGE EARLY ADOPTION OF THE ORGANIZATION'S PLATFORM. X X X 0 0 0 0 0 0 0 0 0 WILLIAM ZEMP FORMER CEO 128078 0 0 0 350000 0 4308 0 7302 0 489688 0 0 0 DAVID EBY CHIEF OPERATING OFFICER 297836 0 118000 0 0 0 13285 0 12999 0 442120 0 0 0 JERRY THOMPSON VICE PRESIDENT OF TECHNOLOGY 257452 0 25000 0 0 0 11298 0 5487 0 299237 0 0 0 RAE WILLIAMS CHIEF FINANCIAL OFFICER 227164 0 54000 0 0 0 7723 0 7175 0 296062 0 0 0 BRIAN FLEMING VICE PRESIDENT OF BUSINESS DEVELOPME 201923 0 60000 0 0 0 0 0 19129 0 281052 0 0 0 ANDREW BAGLEY DIRECTOR OF BUSINESS ANALYTICS 201923 0 60000 0 0 0 8677 0 7214 0 277814 0 0 0 CHRISTOPHER BOYD VICE PRESIDENT OF OPERATIONS 201923 0 54000 0 0 0 9295 0 1373 0 266591 0 0 0 JACK LEWANDOWSKI VICE PRESIDENT OF STUDENT EXPERIENCE 201923 0 25000 0 0 0 8077 0 16490 0 251490 0 0 0 AIDAN JONES SENIOR DIGITAL PROJECT MANAGER 144946 0 10800 0 0 0 5710 0 6574 0 168030 0 0 0 JULIA CARROLL DIRECTOR OF PEOPLE OPERATIONS 129258 0 18000 0 0 0 5585 0 3879 0 156722 0 0 0 JOEL HAWKS DATA GOVERNANCE LEAD 135049 0 8000 0 0 0 3574 0 9895 0 156518 0 0 0 ANDREW KELLY PRESIDENT & CEO 147115 0 0 0 0 0 5769 0 2010 0 154894 0 0 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 ALL COMPENSATION AND BENEFIT PACKAGES ARE INFORMED FROM THE PKH SALARY ADMIN PLAN, WHICH IS REVIEWED BY THE UNC SYSTEM OFFICE LEGAL COUNSEL AND THE PKH PERSONNEL COMMITTEE ON AN ANNUAL BASIS. PROJECT KITTY HAWK ALSO USES INDUSTRY DATA FROM OUR INSURANCE AND PAYROLL PROVIDERS TO ENSURE COMPENSATION IS IN LINE WITH INDUSTRY STANDARDS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABE TO THE PUBLIC UPON REQUEST. 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