Kipp Texas Inc is located in Houston, TX. The organization was established in 2003. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Kipp Texas Inc employed 4,632 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Texas Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Kipp Texas Inc generated $396.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $358.6m during the year ending 06/2021. While expenses have increased by 40.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KIPP TEXAS PUBLIC SCHOOLS IS AN OPEN-ENROLLMENT, PUBLIC, TUITION-FREE CHARTER SCHOOL NETWORK OF 59 SCHOOLS WITH NEARLY 34,000 PRE-K-12 STUDENTS ACROSS THE STATE. TOGETHER WITH OUR FAMILIES AND COMMUNITIES, WE CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE OUR STUDENTS TO PURSUE ANY PATH THEY CHOOSE COLLEGE, CAREER, AND BEYOND SO THEY CAN LEAD FULFILLING LIVES AND BUILD A MORE JUST WORLD.AN INTEGRAL PART OF THE KIPP TEXAS APPROACH IS KIPP FORWARD. KIPP FORWARD HONORS OUR PROMISE TO SUPPORT OUR ALUMNI TO AND THROUGH COLLEGE AND CAREER COMPLETION BY EMPOWERING ALUMNI TO CONTINUE TO USE THEIR KIPP-DEVELOPED SCHOLARLY HABITS, KNOWLEDGE, AND QUALITIES OF CHARACTER TO CONTINUE ADVANCING AND ENGAGING WITH OUR COMMUNITIES.TO LEARN MORE GO TO HTTPS://KIPPTEXAS.ORG/ABOUT/
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O KIPP TEXAS IS COMMITTED TO EQUITY IN EDUCATION WITH AN INSTRUCTIONAL PROGRAM IN WHICH STUDENTS WILL BE GIVEN THE OPPORTUNITY TO MASTER THE FUNDAMENTAL SKILLS OF READING, WRITING, LISTENING, SPEAKING, SPELLING, AND MATHEMATICS. OTHER FUNDAMENTAL LEARNING IN THE ARTS, LITERATURE, FOREIGN LANGUAGE, NATURAL SCIENCES, SOCIAL SCIENCES, PHYSICAL EDUCATION, AND COLLEGE AND CAREER READINESS SKILLS IS PROVIDED FOR ALL STUDENTS. RECOGNITION IS GIVEN AND PROVISIONS ARE MADE FOR THE INDIVIDUAL CAPABILITIES, CREATIVE TALENTS, NEEDS, AND INTERESTS OF EACH STUDENT. KIPP TEXAS STUDENTS GRADUATE COLLEGE AT A RATE FOUR TIMES HIGHER THAN THE NATIONAL AVERAGE FOR LOW-INCOME STUDENTS. KIPP TEXAS STUDENTS ENTER BY LOTTERY WITH NO TEST FOR ADMISSION AND NO SCREENING. APPROXIMATELY 86% OF OUR STUDENT POPULATION IS ECONOMICALLY DISADVANTAGED AND 38% ARE ENGLISH LANGUAGE LEARNERS.TO LEARN MORE GO TO HTTPS://KIPPTEXAS.ORG/
SEE SCHEDULE OAN INTEGRAL PART OF THE KIPP TEXAS APPROACH IS THE KIPP FORWARD PROGRAM, WHICH EMPOWERS KIPPSTERS TO LIVE A LIFE OF CHOICE THROUGH COLLEGE ACCESS AND CAREER EXPLORATION. KIPP FOWARD USES A DATA-DRIVEN APPROACH TO PROVIDE INDIVIDUALIZED COUNSELING AND PROGRAMMING TO SUPPORT STUDENTS AS THEY PREPARE FOR AND SELECT THE RIGHT COLLEGE AND CAREER BASED ON THEIR INTERESTS AND PASSIONS. AFTER HIGH SCHOOL, KIPP ADVISORS HELP ALUMNI NAVIGATE THE ACADEMIC, SOCIAL, AND FINANCIAL CHALLENGES THEY MIGHT ENCOUNTER WHILE IN COLLEGE OR PURSUING A CAREER. THROUGHOUT COLLEGE THERE ARE SEVERAL CRUCIAL MOMENTS THAT CAN PUT A STUDENT AT RISK OF LEAVING SCHOOL; CONVERSELY, THERE ARE SOME KEY BEHAVIORS THAT KEEP A STUDENT ON THE PATH TO GRADUATION. KIPP'S APPROACH IS INFORMED BY RIGOROUS RESEARCH, OUR STUDENTS' EXPERIENCES, AND THE KNOWLEDGE AND EXPERTISE OF OUR COMMUNITY.TO LEARN MORE GO TO HTTPS://KIPPTEXAS.ORG/KIPP-FOWARD/
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sehba Z Ali CEO | Officer | 50 | $448,856 |
Jaideep Hebbar Cfo, Cso | Officer | 50 | $329,640 |
Daphane Carter Chief Academic Officer | Officer | 50 | $303,075 |
Larry Guillory Chief Administration Officer | Officer | 50 | $284,448 |
Kris Cheung COO | Officer | 50 | $273,258 |
Jobina Scott Chief Advancement Officer | Officer | 50 | $256,731 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Joeris General Contractors Ltd General Contractor | 6/29/21 | $13,814,107 |
Turner Construction Company Construction | 6/29/21 | $10,253,692 |
Sodexo Inc Cafeteria Services | 6/29/21 | $8,836,514 |
Raymond Construction Co Construction | 6/29/21 | $17,811,907 |
First Student Inc Bus/transportation | 6/29/21 | $4,906,411 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,883,513 |
Related organizations | $0 |
Government grants | $354,587,856 |
All other contributions, gifts, grants, and similar amounts not included above | $33,038,384 |
Noncash contributions included in lines 1a–1f | $3,743,225 |
Total Revenue from Contributions, Gifts, Grants & Similar | $389,509,753 |
Total Program Service Revenue | $3,170,337 |
Investment income | $262,504 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $647,498 |
Net Gain/Loss on Asset Sales | $2,422,434 |
Net Income from Fundraising Events | -$6,919 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $396,005,607 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $653,308 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,836,227 |
Compensation of current officers, directors, key employees. | $2,986,612 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $204,591,583 |
Pension plan accruals and contributions | $10,313,387 |
Other employee benefits | $24,784,754 |
Payroll taxes | $3,611,056 |
Fees for services: Management | $0 |
Fees for services: Legal | $521,988 |
Fees for services: Accounting | $115,466 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $108,928 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $9,787,665 |
Advertising and promotion | $0 |
Office expenses | $15,193,312 |
Information technology | $13,475,950 |
Royalties | $0 |
Occupancy | $7,071,288 |
Travel | $27,651 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $183,641 |
Interest | $13,918,788 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $15,998,240 |
Insurance | $2,716,473 |
All other expenses | $1,900,245 |
Total functional expenses | $358,566,000 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $79,391,800 |
Savings and temporary cash investments | $33,915,260 |
Pledges and grants receivable | $64,282,341 |
Accounts receivable, net | $698,749 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,129,408 |
Net Land, buildings, and equipment | $479,905,743 |
Investments—publicly traded securities | $1,675,966 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $46,974,316 |
Total assets | $707,973,583 |
Accounts payable and accrued expenses | $58,111,233 |
Grants payable | $0 |
Deferred revenue | $1,254,897 |
Tax-exempt bond liabilities | $408,714,009 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $267,034 |
Unsecured mortgages and notes payable | $28,500,000 |
Other liabilities | $64,895,297 |
Total liabilities | $561,742,470 |
Net assets without donor restrictions | $132,324,236 |
Net assets with donor restrictions | $13,906,877 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $707,973,583 |
Over the last fiscal year, we have identified 31 grants that Kipp Texas Inc has recieved totaling $7,505,617.
Awarding Organization | Amount |
---|---|
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $2,500,000 |
Houston Endowment Inc Houston, TX PURPOSE: PROJECT SUPPORT FOR THE RISE TOGETHER CAMPAIGN FOR THE EXPANSION OF KIPP PUBLIC SCHOOLS IN HOUSTON | $2,000,000 |
Houston Endowment Inc Houston, TX PURPOSE: PROJECT SUPPORT FOR THE RISE TOGETHER CAMPAIGN FOR THE EXPANSION OF KIPP PUBLIC SCHOOLS IN HOUSTON | $1,000,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $400,000 |
Good Reason Houston Inc Houston, TX PURPOSE: District transformation | $265,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $250,000 |
Beg. Balance | $609,455 |
Earnings | $112,194 |
Grants | $7,750 |
Ending Balance | $713,899 |
Organization Name | Assets | Revenue |
---|---|---|
Kipp Texas Inc Houston, TX | $707,973,583 | $396,005,607 |
Trinity Christian Academy Addison, TX | $65,459,089 | $30,244,253 |
St Andrews Episcopal School Inc Austin, TX | $93,484,492 | $28,935,515 |
Community School For Apprenticeship Learning Inc Baton Rouge, LA | $35,523,575 | $32,794,554 |
Metairie Park Country Day School Metairie, LA | $48,222,871 | $23,246,338 |
Idea Public Schools Louisiana Inc Baton Rouge, LA | $5,073,579 | $25,941,968 |
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Varnett Schools Inc Houston, TX | $25,630,579 | $16,355,176 |
The Emery-Weiner Center For Jewish Education Houston, TX | $36,882,077 | $18,976,630 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Fort Bend Christian Academy Sugar Land, TX | $31,881,778 | $16,006,683 |