Kipp Texas Inc
- Assets
- $903.0m
- Revenue
- $457.8m
- Investments
- $0.0
- Employees
- 5,482
- Location
- Houston, TX
- Founding
- 02/2003
- Data as of
- 06/2022
- EIN
- 01-0639602
Organization Overview
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 06/2022, Kipp Texas Inc employed 5,482 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 06/2022, Kipp Texas Inc generated $457.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $440.8m during the year ending 06/2022. While expenses have increased by 37.8% per year over the past 7 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
2022
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 - 12TH GRADE 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 ARE 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 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. THE KIPP FORWARD TEAM MEETS ONE-ON-ONE WITH STUDENTS AND USES A DATA-DRIVEN APPROACH TO FIND SCHOOLS THAT WILL BE THE RIGHT FIT FOR EACH STUDENT. ONCE STUDENTS GRADUATE FROM HIGH SCHOOL, KIPP FORWARD REMAINS A CONSTANT SUPPORT TO ENSURE THAT THEY REMAIN ON THE PATH TO COLLEGE COMPLETION AND CAREER READINESS. TO LEARN MORE, GO TO HTTPS://KIPPTEXAS.ORG/KIPP-FOWARD/
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sehba Z Ali CEO | Officer | 50 | $452,810 |
Jaideep Hebbar Thru 1221 Cfo, Cso | Officer | 50 | $332,951 |
Daphane Carter Chief Academic Officer | Officer | 50 | $330,215 |
Larry Guillory Chief Administration Officer | Officer | 50 | $313,043 |
Jobina Scott Chief Advancement Officer | Officer | 50 | $281,394 |
Kris Cheung Thru 1121 COO | Officer | 50 | $262,878 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Student Inc Bus Transportation | 6/29/22 | $12,232,022 |
Turner Construction Company Construction | 6/29/22 | $11,573,758 |
Joeris General Contractors Ltd General Contractor | 6/29/22 | $10,722,140 |
Whiting-turner Contracting Company General Contractor | 6/29/22 | $4,261,189 |
Sodexo Inc Cafeteria Services | 6/29/22 | $5,328,802 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,167,289 |
| Related organizations | $0 |
| Government grants | $431,413,953 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,199,448 |
| Noncash contributions included in lines 1a–1f | $1,125,498 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,780,690 |
| Total Program Service Revenue | $3,915,022 |
| Investment income | $215,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $467,212 |
| Net Gain/Loss on Asset Sales | $458,088 |
| Net Income from Fundraising Events | -$112,518 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $457,788,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $105,636 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,826,564 |
| Compensation of current officers, directors, key employees. | $3,464,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,966,863 |
| Pension plan accruals and contributions | $13,050,669 |
| Other employee benefits | $27,306,754 |
| Payroll taxes | $4,516,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $652,686 |
| Fees for services: Accounting | $96,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $118,768 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,259,732 |
| Advertising and promotion | $0 |
| Office expenses | $16,136,699 |
| Information technology | $15,234,905 |
| Royalties | $0 |
| Occupancy | $8,257,333 |
| Travel | $25,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $599,435 |
| Interest | $15,578,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,388,646 |
| Insurance | $3,104,354 |
| All other expenses | $3,124,233 |
| Total functional expenses | $440,837,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $938,350 |
| Savings and temporary cash investments | $144,105,902 |
| Pledges and grants receivable | $67,718,808 |
| Accounts receivable, net | $1,000,836 |
| 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 | $2,241,888 |
| Net Land, buildings, and equipment | $553,273,884 |
| Investments—publicly traded securities | $1,484,001 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,211,872 |
| Total assets | $902,975,541 |
| Accounts payable and accrued expenses | $76,904,631 |
| Grants payable | $0 |
| Deferred revenue | $1,110,351 |
| Tax-exempt bond liabilities | $574,042,059 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $88,023,179 |
| Total liabilities | $740,080,220 |
| Net assets without donor restrictions | $145,127,710 |
| Net assets with donor restrictions | $17,767,611 |
| 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 | $902,975,541 |