Kipp Philadelphia Charter School
- Assets
- $33.8m
- Revenue
- $21.4m
- Investments
- $0.0
- Employees
- 137
- Location
- Philadelphia, PA
- Founding
- 09/2003
- Data as of
- 06/2022
- EIN
- 05-0546103
Organization Overview
Kipp Philadelphia Charter School is located in Philadelphia, PA. The organization was established in 2003. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Kipp Philadelphia Charter School employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Philadelphia Charter School 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 Philadelphia Charter School generated $21.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $18.7m during the year ending 06/2022. While expenses have increased by 7.1% 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.
Since 2016, Kipp Philadelphia Charter School has awarded 25 individual grants totaling $2,077,793. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A PUBLIC SCHOOL SERVING STUDENTS IN GRADES K THROUGH 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PUBLIC SCHOOL SERVING GRADES K-8. WE SERVE 860 STUDENTS THROUGHOUT PHILADELPHIA. WE PROVIDED THE CRITICAL RESOURCES NEEDED TO SUPPORT THE SOCIAL-EMOTIONAL HEALTH OF OUR STUDENTS, FAMILIES, ALUMNI, AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Wilson-Jones Chair | OfficerTrustee | 0.25 | $0 |
Ann Aerts Vice Chair | OfficerTrustee | 0.25 | $0 |
Hershel Richman Secretary | OfficerTrustee | 0.25 | $0 |
David Reuter Treasurer | OfficerTrustee | 0.25 | $0 |
Toya Algarin Member | Trustee | 0.25 | $0 |
Bernard Cummings Member | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kipp Administrative Services Corp Shared Services | 6/29/22 | $1,551,687 |
Linton Managed Services Outsourced Food Services | 6/29/22 | $693,876 |
Bright Minds Consulting Outsourced Special Education Services | 6/29/22 | $285,868 |
Nyman Associates Inc Speech Therapy Services | 6/29/22 | $260,494 |
Team Clean Inc Outsourced Facility And Maintenance | 6/29/22 | $522,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,837,141 |
| Government grants | $4,989,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $46 |
| Noncash contributions included in lines 1a–1f | $87,495 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,827,027 |
| Total Program Service Revenue | $12,952,118 |
| Investment income | $228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,404,110 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,356,880 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $371,214 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,085,721 |
| Pension plan accruals and contributions | -$1,006,076 |
| Other employee benefits | $956,479 |
| Payroll taxes | $610,387 |
| Fees for services: Management | $1,551,687 |
| Fees for services: Legal | $12,904 |
| Fees for services: Accounting | $49,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,217,320 |
| Advertising and promotion | $0 |
| Office expenses | $404,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $739,616 |
| Travel | $257,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,234 |
| Interest | $702,420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $969,017 |
| Insurance | $135,906 |
| All other expenses | $97,506 |
| Total functional expenses | $18,701,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,638,265 |
| Savings and temporary cash investments | $1,937,939 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,443,397 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $690 |
| Prepaid expenses and deferred charges | $139,658 |
| Net Land, buildings, and equipment | $17,617,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,990,842 |
| Total assets | $33,768,186 |
| Accounts payable and accrued expenses | $3,360,202 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $14,977,254 |
| 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 | $12,500,505 |
| Total liabilities | $30,837,961 |
| Net assets without donor restrictions | $1,732,467 |
| Net assets with donor restrictions | $1,197,758 |
| 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 | $33,768,186 |
Grants Awarded
Over the last fiscal year, Kipp Philadelphia Charter School has awarded $1,356,880 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KIPP WEST PHILADELPHIA CHARTER SCHOOL PURPOSE: FOOD SERVICE COSTS & E-RATE GRANT | $446,159 |
KIPP DUBOIS CHARTER ACADEMY PURPOSE: FOOD SERVICE COSTS | $261,716 |
KIPP NORTH PHILADELPHIA CHARTER SCHOOL PURPOSE: FOOD SERVICE COSTS | $649,005 |