2024-12-20T09:48:16-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2023-07-01 680502820 KIPP MEMPHIS KIPP 9014522682 2670 UNION AVENUE EXTENDED NO 1100 MEMPHIS TN 381124430 ANTONIO BURT EXECUTIVE DIRECTOR 9014522682 2024-12-18 1 0 WADE MCMULLEN CPA P00541671 6268577300 2024-12-17 2023 2024-10-15 13:58:12Z ANTONIO BURT 2670 UNION AVENUE EXTENDED SUITE 1100 MEMPHIS TN 381124430 25247760 0 X WWW.KIPPMEMPHIS.ORG X 2002 TN OVERSEES THE QUALITY, SUSTAINABILITY, AND GROWTH OF KIPP SCHOOLS IN MEMPHIS. 9 9 257 0 0 0 26287459 24789578 0 0 121808 139770 3421953 318412 29831220 25247760 0 0 0 0 15960024 12887711 0 0 0 14092585 7431653 30052609 20319364 -221389 4928396 19096506 26722929 5232809 4186825 13863697 22536104 X KIPP MEMPHIS PUBLIC SCHOOLS (KMPS) IS PART OF THE NON-PROFIT KIPP PUBLIC SCHOOLS NETWORK. TOGETHER WITH FAMILIES AND COMMUNITIES, KMPS CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE-COLLEGE, CAREER, AND BEYOND- SO THEY CAN LEAD FULFILLING LIVES AND BUILD A MORE JUST WORLD. 0 0 16405855 318412 CHARTER SCHOOL OPERATION: TO PROVIDE INNER-CITY YOUTH COLLEGE-PREPARATORY PUBLIC EDUCATION WITH EMPHASIS ON STRONG ACADEMICS, CHARACTER DEVELOPMENT, AND SUPPORT WITH THE COLLEGE ADMISSIONS PROCESS. CURRENTLY OPERATING THREE SCHOOLS AND EDUCATING NEARLY 1,100 STUDENTS IN MEMPHIS. 16405855 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 1 257 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X ANGELA CARR 9014522682 2670 UNION AVENUE EXTENDED SUITE MEMPHIS TN 38112 MIKARA DAVIS GOVERNANCE CHAIR/ BOARD CH 4.00 X X 0 0 0 DR LARITHA SWEET FINANCE CHAIR/TREASURER 2.00 X X 0 0 0 DORSEY HOBSON VICE BOARD CHAIR/GOVERNANC 2.00 X 0 0 0 DESIREE LYLES-WALLACE SECRETARY 2.00 X 0 0 0 CHERYL GREEN ACADEMIC EXCELLENCE CHAIR 2.00 X 0 0 0 ALFRED ANDERSON OPERATIONS & FACILITIES CH 2.00 X 0 0 0 LIN JOHNSON BOARD MEMBER 2.00 X 0 0 0 TALIA PALACIO BOARD MEMBER 2.00 X 0 0 0 SABRINA DAWSON BOARD MEMBER 2.00 X 0 0 0 ROQUEL CRUTCHER BOARD MEMBER 2.00 X 0 0 0 HOLLY COLEMAN BOARD MEMBER 2.00 X 0 0 0 JANE MAINA BOARD MEMBER 2.00 X 0 0 0 PENNY ALVAREZ BOARD MEMBER 2.00 X 0 0 0 ANTONIO BURT EXECUTIVE DIRECTOR 50.00 X 240125 0 18621 ANGELA CARR CHIEF FINANCIAL OFFICER 50.00 X 139231 0 13099 LISCA BROOKS CHIEF OF SCHOOLS 50.00 X 119642 0 22875 TRACY BRITTMON CHIEF HUMAN RESOURCES OFFI 50.00 X 123885 0 12170 VEDA TURNER PRINCIPAL 50.00 X 132500 0 10341 MELODY SMITH PRINCIPAL 50.00 X 128340 0 14903 KELLY HENDERSON ACADEMIC PROGRAMS AND SUPPORT DIRECTOR 50.00 X 118759 0 22974 1002482 0 114983 10 0 1 0 0 24252561 537017 24789578 139770 139770 OTHER REVENUE 900099 186009 186009 ERATE 900099 132403 132403 318412 25247760 318412 0 139770 414661 352462 62199 10407784 8193100 2214684 475290 319661 155629 808437 605095 203342 781539 621184 160355 28599 28599 2011715 1705935 305780 57713 1491 56222 876938 454167 422771 1463396 1461461 1935 4217 2464 1753 42190 42190 328609 328609 178631 178631 INSTRUCTIONAL MATERIALS 1363683 1332308 31375 FOOD SERVICES 713570 713570 DUES AND MEMBERSHIPS 181890 181890 OTHERS EXPENSES 180502 132458 48044 20319364 16405855 3913509 0 3499934 6239821 5712715 3214013 9354903 1673028 1507849 7681875 3108021 4149148 5267987 5438072 19096506 26722929 2680433 1721476 458441 616304 2093935 1849045 5232809 4186825 X 13863697 22536104 0 0 0 0 13863697 22536104 19096506 26722929 4928396 88575 3655436 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3520139 186687 3333452 279152 212741 66411 961663 915741 45922 4593949 357859 4236090 7681875 DEFERRED OUTFLOWS PENSION 2859647 PENSION ASSET 2578425 5438072 GRANT ADVANCES AND LOANS 1087713 DEFERRED INFLOWS PENSION 761332 1849045 X 25336335 88575 88575 25247760 0 25247760 20319364 0 20319364 0 20319364 PART X, LINE 2: THE SCHOOL HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). AS AN EXEMPT CORPORATION, THE SCHOOL MUST OPERATE IN CONFORMITY WITH THE IRC IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAX. THE SCHOOL EVALUATES THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE SCHOOL HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAX STANDARD DOES NOT IMPACT THE OPERATIONS OF THE SCHOOL AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE SCHOOL'S FINANCIAL STATEMENTS. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE CHARTER MAKES ITS NONDISCRIMINATORY POLICY KNOWN THROUGH ITS WEBSITE AND ON THE STUDENTS' APPLICATIONS. THE CHARTER DRAWS ITS STUDENTS FROM THE LOCAL COMMUNITY, AND CURRENTLY ENROLLS STUDENTS FROM VARIOUS RACIAL MINORITY GROUPS. SCHEDULE E, PART I, LINE 4 SCHOLARSHIPS AND FINANCIAL ASSISTANCE AWARDS INFORMATION IS NOT APPLICABLE BECAUSE THERE IS NO COST TO STUDENTS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES GRANTS FROM THE US DEPARTMENT OF EDUCATION, TENNESSEE DEPARTMENT OF EDUCATION, AND MEMPHIS-SHELBY COUNTY SCHOOLS. ADDITIONALLY, CHARTER IS ELIGIBLE FOR LOCAL, STATE, AND FEDERAL PROGRAMS. X X X 0 0 0 0 0 0 0 0 0 ANTONIO BURT EXECUTIVE DIRECTOR 240125 0 0 0 0 0 18621 0 0 0 258746 0 0 0 ANGELA CARR CHIEF FINANCIAL OFFICER 139231 0 0 0 0 0 8490 0 4609 0 152330 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION SHALL BE KIPP FOUNDATION, A CALIFORNIA CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE CHARTER AND BYLAWS MAY BE AMENDED ONLY BY APPROVAL OF BOTH THE SOLE MEMBER AND THE BOARD OF DIRECTORS OF THE CORPORATION. THE SOLE MEMBER SHALL HAVE THE ONLY VOTE AT ANY MEETING OF THE SOLE MEMBER. ANY ACTION WHICH MAY BE AUTHORIZED OR TAKEN AT A MEETING OF THE SOLE MEMBER MAY BE AUTHORIZED OR TAKEN WITHOUT A MEETING, WITHOUT PRIOR NOTICE AND WITHOUT A VOTE IF A CONSENT IN WRITING, SETTING FORTH THE ACTION SO TAKEN, IS SIGNED BY THE SOLE MEMBER. ANY SUCH WRITTEN CONSENT SHALL BE FILED WITH OR ENTERED UPON THE RECORDS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE FINANCE CHAIR/TREASURER FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST MAY EXIST WHEN THE INTERESTS OR ACTIVITIES OF ANY DIRECTOR, OFFICER OR STAFF MEMBER MAY BE SEEN AS COMPETING WITH THE INTEREST OR ACTIVITIES OF THIS CORPORATION, OR THE DIRECTOR, OFFICER OR STAFF MEMBER DERIVES A FINANCIAL OR OTHER MATERIAL GAIN AS A RESULT OF A DIRECT OR INDIRECT RELATIONSHIP. MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. DOCUMENTATION IS TAKEN DURING THE BOARD MEETINGS. 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. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.