The Kenan-Flagler Business School Foundation
The Kenan-Flagler Business School Foundation reported $56.6 million in revenue and $50.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 52.2% of the total. The highest compensation it reported for one person was $894,354 (DIRECTOR). Revenue rose 53% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $50MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $57MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 100.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 52.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 28.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $894,354 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.79% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 71.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 0.10 hrs/week | $0 | $823,847 | $70,507 | $894,354 |
| DIRECTOR Director/trustee, 0.10 hrs/week | $0 | $592,341 | $69,455 | $661,796 |
| TREASURER Director/trustee, officer, 0.10 hrs/week | $0 | $548,760 | $69,402 | $618,162 |
| DIRECTOR Director/trustee, 0.10 hrs/week | $0 | $223,502 | $53,139 | $276,641 |
| SECRETARY Officer, 0.10 hrs/week | $0 | $128,868 | $43,900 | $172,768 |
0 people received more than $100,000 in reportable compensation from The Kenan-Flagler Business School Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 562
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| THIRD FACTOR Provider of instruction related services | $1,551,966 |
| SMARTFUL WORKS Provider of instruction related services | $1,080,836 |
| LEARNING TECHNOLOGIES INC Provider of instruction related services | $612,275 |
| THE TALENT STRATEGY GROUP LLC Provider of instruction related services | $570,159 |
Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.
Private foundation grants it received
19 private foundations reported grants to The Kenan-Flagler Business School Foundation totaling $5.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Kenan-Flagler Business School Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Kenan-Flagler Business School Foundation, you can publish a response that is linked from this page.
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Of every $100 The Kenan-Flagler Business School Foundation spent in FY2025, $100.00 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Breck SchoolGolden Valley, MN · revenue $57M · programs 79.6% · FY2025
- Union CollegeLincoln, NE · revenue $57M · programs 81.2% · FY2025
- Foundation of the State University of New York at BinghamtonBinghamton, NY · revenue $57M · programs 85.2% · FY2025
- Zeta Charter SchoolsNew York, NY · revenue $57M · programs 91.1% · FY2025
- Illinois CollegeJacksonville, IL · revenue $56M · programs 89.8% · FY2025
All education charities · Largest charities in North Carolina
Questions people ask
How much of The Kenan-Flagler Business School Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, The Kenan-Flagler Business School Foundation reported that 100.0% of its $50.0 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Kenan-Flagler Business School Foundation pay its top executive?
The largest total compensation The Kenan-Flagler Business School Foundation reported for one person in the fiscal year ending June 30, 2025 was $894,354, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Kenan-Flagler Business School Foundation get its money?
Of $56.6 million in revenue in the fiscal year ending June 30, 2025, 52.2% came from contributions and grants and 28.9% from program service revenue (Form 990, Part VIII).
Is The Kenan-Flagler Business School Foundation a registered charity?
The IRS lists EIN 56-0771850 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202600209349301000 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511079349301011 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411349349301836 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202300869349301040 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210539349300811 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202003189349310950 · read the filing
All filings for EIN 56-0771850: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.