2024-05-01T13:45:52-05:00 2023-06-30 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2022-07-01 471876264 KIPP DC SUPPORTING CORP KIPP 2022655477 2600 VIRGINIA AVENUE NW 900 WASHINGTON DC 20037 SHANNON HODGE PRESIDENT 2022655477 2024-04-29 1 SHANNON HODGE XXX-XX-XXXX 0 KRISTEN BARNETT P01234578 8133162300 2024-04-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUSAN SCHAEFFLER 2600 VIRGINIA AVENUE NW 900 WASHINGTON DC 20037 115564 0 X N/A X 2014 DC THE KIPP DC SC IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL AND/OR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (THE G CODE H). SPECIFICALLY, THE OBJECTS AND PURPOSES TO BE TRANSACTED, PROMOTED, AND CARRIED ON BY THE CORPORATION ARE AS FOLLOWS:(1) RAISING FUNDS TO PROVIDE FUNDS FOR THE BENEFIT OF, AND TO SUPPORT ALL ASPECTS OF THE MISSION OF, TO KIPP DC PCS (2) ACQUIRING, HOLDING AND MANAGING ASSETS FOR USE BY TO KIPP DC PCS WHERE DOING SO MAY RESULT IN LOWER COSTS OR GREATER EFFICIENCIES FOR TO KIPP DC PCS AND(3) PURSUING ANY OTHER PURPOSES WHICH A NONPROFIT CORPORATION ORGANIZED UNDER THE ACT AND DESCRIBED IN SECTION 501(C)(3) OF THE CODE IS LEGALLY ENTITLED TO PURSUE, PROVIDED THAT SUCH PURPOSES MUST FURTHER THE PURPOSE SET FORTH IN SUB ]ARTICLES (1) AND (2) ABOVE. 5 5 0 5 0 0 2766642 0 0 0 134389 115564 0 0 2901031 115564 422019 52488 0 0 0 0 0 0 0 94237 243413 516256 295901 2384775 -180337 9282889 8750087 396711 44246 8886178 8705841 X THE KIPP DC SC IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL AND/OR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (THE G CODE H). SPECIFICALLY, THE OBJECTS AND PURPOSES TO BE TRANSACTED, PROMOTED, AND CARRIED ON BY THE CORPORATION ARE AS FOLLOWS:(1) RAISING FUNDS TO PROVIDE FUNDS FOR THE BENEFIT OF, AND TO SUPPORT ALL ASPECTS OF THE MISSION OF, TO KIPP DC PCS (2) ACQUIRING, HOLDING AND MANAGING ASSETS FOR USE BY TO KIPP DC PCS WHERE DOING SO MAY RESULT IN LOWER COSTS OR GREATER EFFICIENCIES FOR TO KIPP DC PCS AND(3) PURSUING ANY OTHER PURPOSES WHICH A NONPROFIT CORPORATION ORGANIZED UNDER THE ACT AND DESCRIBED IN SECTION 501(C)(3) OF THE CODE IS LEGALLY ENTITLED TO PURSUE, PROVIDED THAT SUCH PURPOSES MUST FURTHER THE PURPOSE SET FORTH IN SUB-ARTICLES (1) AND (2) ABOVE. 0 0 265016 52488 KIPP DC SC WILL PROVIDE SUPPORT TO KIPP DC PUBLIC CHARTER SCHOOLS WITH INITIATIVES TO RETAIN TEACHERS THROUGH RECOGNITION, REWARDS, AND PROFESSIONAL DEVELOPMENT. 265016 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 DC X ANGELA ZHANG 2022655477 2600 VIRGINIA AVENUE NW 900 WASHINGTON DC 20037 DAVID ENDOM CHAIR 0.50 X X 0 0 0 ALEX SHAWE MEMBER 0.50 X 0 0 0 JOHN DUFF MEMBER 0.50 X 0 0 0 STEPHANIE KAPSIS MEMBER 0.50 X 0 0 0 DEA WATKINS MEMBER 0.50 X 0 0 0 SHANNON HODGE PRESIDENT, KIPP DC PCS (EFF 8/2022) 0.50 50.00 X 0 78250 5754 JUSTIN ELLIS TREAS./CFO-KIPP DC PCS (EFF. 1/2023) 0.50 50.00 X 0 197682 19755 DANE ANDERSON TREAS./COO-KIPP DC PCS (THRU 1/2023) 0.50 50.00 X 0 258154 15521 ALLISON FANSLER FMR PRES. KIPP DC PCS (THRU 6/2022) 0.00 X 0 207820 15414 0 741906 56444 0 1 1 0 0 115564 115564 115564 0 0 115564 X 52488 52488 24808 24808 212528 212528 156 156 5921 5921 295901 265016 30885 0 683635 153687 8596400 8596400 2854 0 9282889 8750087 396711 44246 396711 44246 X 8886178 8705841 8886178 8705841 9282889 8750087 -180337 0 X 0 1 X 1 0 X X X 1 KIPP DC PUBLIC CHARTER SCHOOLS 742974642 2 1 265016 0 1 265016 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 PART IV, SECTION E, LINE 2A: TO KIPP DC PUBLIC CHARTER SCHOOLS IS THE SUPPORTED ORGANIZATION OF KIPP DC SUPPORTING CORP. ON MAY 2, 2014, TO KIPP DC PUBLIC CHARTER SCHOOLS GROUND LEASED THE FORMER SITE OF THE HAMILTON SCHOOL, LOCATED AT 1401 BRENTWOOD PARKWAY NE IN WASHINGTON, DC (THE "HAMILTON CAMPUS") FROM THE DISTRICT OF COLUMBIA, AND BEGAN CONSTRUCTION OF IMPROVEMENTS ON THE HAMILTON CAMPUS. FUNDING FOR THIS ACQUISITION AND CONSTRUCTION CAME FROM BOTH A TAX-EXEMPT BOND FINANCING FACILITY AND PRIVATE LOANS SUPPORTED BY NEW MARKETS TAX CREDITS (THE "NMTC FINANCINGS"). IN CONNECTION WITH THE NMTC FINANCINGS, TO KIPP DC PUBLIC CHARTER SCHOOLS REQUESTED THAT SUPPORTING CORP. LOAN (I) $5,753,312 TO KIPP DC HAMILTON INVESTMENT FUND, LLC, A DELAWARE LIMITED LIABILITY COMPANY WHICH IS OWNED BY PRIVATE INVESTORS (I.E., INVESTORS WHO ARE UNAFFILIATED WITH KIPP DC AND SUPPORTING CORP.) ("FUND I"); AND (II) $6,584,462 TO KIPP DC HAMILTON INVESTMENT FUND II, LLC, A DELAWARE LIMITED LIABILITY COMPANY WHICH IS ALSO OWNED BY PRIVATE INVESTORS ("FUND II AND, TOGETHER WITH FUND I, COLLECTIVELY, THE "FUNDS"). THE FUNDS FACILITATED THE NMTC FINANCINGS AND THE LOANS BY SUPPORTING CORP. TO THE FUNDS WERE INTEGRAL TO OBTAINING THE NMTC FINANCINGS WHICH RESULTED IN SAVINGS FOR TO KIPP DC PUBLIC CHARTER SCHOOLS. ON OCTOBER 15, 2020, KIPP DC PUBLIC CHARTER SCHOOLS GROUND LEASED THE FORMER SITE OF THE FEREBEE HOPE SCHOOL SITE, LOCATED AT 3999 8TH STREET, SE IN WASHINGTON, DC (THE "FEREBEE HOPE CAMPUS") FROM THE DISTRICT OF COLUMBIA, AND BEGAN CONSTRUCTION OF IMPROVEMENTS ON THE FEREBEE HOPE CAMPUS. FUNDING FOR THIS ACQUISITION AND CONSTRUCTION CAME FROM BOTH A TAX-EXEMPT BOND FINANCING FACILITY AND PRIVATE LOANS SUPPORTED BY NEW MARKETS TAX CREDITS (THE "NMTC FINANCINGS"). IN CONNECTION WITH THENMTC FINANCINGS, TO KIPP DC PUBLIC CHARTER SCHOOLS REQUESTED THAT SUPPORTING CORP. LOAN $8,596,400 (THE "FUNDS") TO FEREBEE SCHOOL DC INVESTMENT FUND, LLC, A GEORGIA LIMITED LIABILITY COMPANY WHICH IS OWNED BY PRIVATE INVESTORS (I.E., INVESTORS WHO ARE UNAFFILIATED WITH KIPP DC AND SUPPORTING CORP.) THE FUNDS FACILITATED THE NMTC FINANCINGS AND THE LOANS BY SUPPORTING CORP. TO THE FUNDS WERE INTEGRAL TO OBTAINING THE NMTC FINANCINGS WHICH RESULTED IN SAVINGS FOR TO KIPP DC PUBLIC CHARTER SCHOOLS. PART IV, SECTION E, LINE 2B: KIPP DC WOULD HAVE FINANCED HAMILTON, THE FUTURE FOCUS PROGRAM, THE TEACHER RETENTION INITIATIVE, AND FEREBEE HOPE CAMPUS WITHOUT THE ADDITIONAL SAVINGS IF KIPP DC SUPPORTING CORP HAD NOT SUPPORTED THIS ACTIVITY. 0 X 115564 0 115564 0 115564 295901 0 295901 0 295901 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. THE ORGANIZATION IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE ORGANIZATION DID NOT HAVE ANY NET UNRELATED BUSINESS INCOME AT JUNE 30, 2023 AND 2022. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE STATEMENTS OF ACTIVITIES. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. AS OF JUNE 30, 2023 AND 2022, THERE WERE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. 1 KIPP DC PUBLIC CHARTER SCHOOLS 2600 VIRGINIA AVE NW 900 WASHINGTON DC 20037 742974642 501(C)(3) 52488 0 TEACHER RETENTION PROGRAM 1 0 PART I, LINE 2: GRANTS ARE GIVEN ON A REIMBURSABLE BASIS. AMOUNTS REQUESTED FOR REIMBURSEMENT ARE ACCOMPANIED WITH SUPPORTING DOCUMENTATION AND PROPERLY REVIEWED. 0 0 0 0 0 0 0 0 0 DANE ANDERSON TREAS./COO-KIPP DC PCS (THRU 1/2023) 0 258154 0 0 0 0 0 15521 0 522 0 274197 0 0 ALLISON FANSLER FMR PRES. KIPP DC PCS (THRU 6/2022) 0 132820 0 75000 0 0 0 8237 0 7406 0 223463 0 0 JUSTIN ELLIS TREAS./CFO-KIPP DC PCS (EFF. 1/2023) 0 197682 0 0 0 0 0 11920 0 7835 0 217437 0 0 PART I, LINE 3 KIPP DC SUPPORTING CORP. DOES NOT COMPENSATE ANY INDIVIDUALS SHOWN IN PART VII OF THE FORM 990. ALL COMPENSATION SHOWN IN PART VII IS PAID BY KIPP DC PUBLIC CHARTER SCHOOLS, A RELATED ORGANIZATION. THE FOLLOWING IS THE METHODOLOGY USED BY KIPP DC PUBLIC CHARTER SCHOOLS IN DETERMINING THE COMPENSATION ITS CEO: THE BOARD CHAIR LEADS THE PROCESS FOR RECOMMENDING THE COMPENSATION LEVEL FOR THE CEO AND THE FULL BOARD OF DIRECTORS APPROVES THE FINAL CEO COMPENSATION LEVEL. THE CHAIR CONSIDERS THE FOLLOWING FACTORS IN DEVELOPING THE RECOMMENDED CEO COMPENSATION: COMPARABLE DATA INCLUDING DATA FROM OTHER KIPP REGIONS AND AN ANALYSIS BY A NATIONAL CHARTER SCHOOL FUNDER ON CEO COMPENSATION RELATIVE TO GEOGRAPHY AS WELL AS NUMBER OF SCHOOLS; THE CHANGE IN SCALE AND SCOPE OF THE ORGANIZATION; THE ORGANIZATION'S PERFORMANCE AS WELL AS STUDENT PERFORMANCE; THE CEO'S PRIOR COMPENSATION; AND THE FINANCIAL ABILITY OF THE ORGANIZATION TO PAY THE RECOMMENDED COMPENSATION. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B KIPP DC SC'S 990 WILL BE PROVIDED TO KIPP DC SC'S BOARD BEFORE IT IS SUBMITTED. BOARD MEMBERS WILL HAVE A CHANCE TO REVIEW AND ASK QUESTIONS ON THE 990. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER READ AND SIGNED THE CONFLICT OF INTEREST POLICY AND COMPLIANCE WILL BE REVISITED ANNUALLY DURING BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G PROGRAMMATIC CONTRACTOR FEE: PROGRAM SERVICE EXPENSES 212,528. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 212,528. KIPP DC PUBLIC CHARTER SCHOOLS 2600 VIRGINIA AVENUE NW WASHINGTON DC 20037 742974642 CHARTER SCHOOL DC 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0