Overview
What is The Kenan-Flagler Business School Foundation?
The Kenan-Flagler Business School Foundation is a North Carolina-based nonprofit organization, specifically located at 205 Kenan Center, CB 3490, Chapel Hill, 27599. Their primary role involves providing essential funds to supplement the operations of the UNC School of Business. These funds include salaries for teachers, planning and administration for research, placement of teachers, and student financial assistance. With a workforce of 42 employees, the foundation's mission is to enhance the educational experience and research capabilities of the UNC School of Business.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Kenan-Flagler Business School Foundation has achieved a strong 92% rating, reflecting its high accountability and financial practices. The organization has excelled in several key areas such as maintaining a fully independent board and demonstrating exemplary oversight with no material diversion of assets noted. Its fiscal management is commendable, with a low liabilities to assets ratio and an impressive program expense ratio, indicating that the majority of its funds are directed towards its programs.
However, the foundation's fundraising efficiency ratio is notably low, which may raise concerns about its effectiveness in raising funds relative to its expenses. Despite this, the overall financial health and governance practices are strong, suggesting that the organization operates with a high level of integrity and transparency. The existence of comprehensive policies, including those for conflict of interest and whistleblower protections, further strengthens its reputation.
In summary, while the organization showcases robust financial accountability and governance, its fundraising efficiency could be an area for improvement. Overall, the Kenan-Flagler Business School Foundation stands out as a reliable and well-managed nonprofit, committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Kenan-Flagler Business School Foundation legitimate?
The Kenan-Flagler Business School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Kenan-Flagler Business School Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Kenan-Flagler Business School Foundation?
The Kenan-Flagler Business School Foundation supports the UNC School of Business by providing essential funds for various operations. These funds contribute to teaching salaries, research planning and administration, placement of teachers, and student financial assistance. The Foundation's commitment is geared towards enhancing the overall functionality of the business school. By doing so, it enables the institution to deliver a superior educational experience and maintain a strong faculty force. The ultimate goal is to foster academic excellence and student success.
Who is the CEO of The Kenan-Flagler Business School Foundation?
Douglas A Shackelford is the Chairperson of The Kenan-Flagler Business School Foundation.
What is the revenue of The Kenan-Flagler Business School Foundation?
The Kenan-Flagler Business School Foundation's revenue in 2022 was $44,675,511.
Who are the executives of The Kenan-Flagler Business School Foundation and what are their salaries?
There are 42 employees at The Kenan-Flagler Business School Foundation.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $512,465
- Other: $75,419
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $175,307
- Other: $24,021
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $231,138
- Other: $47,932
- Compensation: $0
- Related: $23,709
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $273,106
- Other: $55,497
- Compensation: $0
- Related: $92,665
- Other: $30,448
Where can I find the form 990 for The Kenan-Flagler Business School Foundation?
The Kenan-Flagler Business School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Kenan-Flagler Business School Foundation
The Kenan-Flagler Business School Foundation is a dedicated entity that plays a crucial role in enhancing the operations of the UNC School of Business. By providing essential funds, it contributes to various aspects of the school, ensuring its continued success.
In particular, the Foundation supports the school by funding teaching salaries. With well-compensated educators, the quality of instruction is maintained, and the students receive an excellent learning experience. Moreover, the Foundation's financial contribution extends to research planning and administration. This enables the School of Business to conduct cutting-edge research, keeping it at the forefront of business knowledge and innovation.
Additionally, the Kenan-Flagler Business School Foundation contributes to the placement of teachers within the School of Business. By facilitating the recruitment of highly qualified professionals, it strengthens the school's faculty and enhances the overall learning environment for the students. Furthermore, the Foundation offers student financial assistance, making education more accessible for a diverse range of students. With financial aid, students can focus on their academics rather than worrying about their finances.
Overall, the Kenan-Flagler Business School Foundation's mission is to supplement the UNC School of Business's operations, ensuring its faculty and students have the resources they need to excel. Through its generous donations, the Foundation plays a vital role in enhancing the quality of education at the UNC School of Business.
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Impact
October, 2024
The Kenan-Flagler Business School Foundation significantly enhances the educational landscape of the UNC School of Business by providing essential funding that supports various critical areas. These include teaching salaries, which ensure that high-quality educators are retained, and research planning and administration, which facilitates impactful academic initiatives. Additionally, the foundation plays a crucial role in the placement of teachers, thereby maintaining a high standard of instruction.
Moreover, through financial assistance for students, the foundation helps alleviate the financial burden on those pursuing a business education, making it more accessible for diverse individuals. This multifaceted approach not only strengthens the academic framework of the school but also contributes to the overall growth and development of future business leaders. By supplementing the operations of the UNC School of Business, the foundation ensures that the institution remains a leader in business education and research.
This information is meant to be a general summary of The Kenan-Flagler Business School Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,156,262
- Program Service Revenue: $8,020,000
- Gross Receipts: $44,692,560
Assets and Liabilities:
- Total Assets: $259,673,453
- Total Liabilities: $27,400
- Net Assets: $259,646,053
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXECUTIVE EDUCATION PROGRAM
Revenue
$8,000,000
GLOBAL IMMERSION ELECTIVE
Revenue
$20,000
Organization Details
Founding Year
1946
Phone
(919) 962-7158Principal Officer
Douglas A Shackelford
Main Address
205 KENAN CENTER CB 3490, CHAPEL HILL, NC, 275993490
NTEE Category
Code: B114 - Education
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