KIPP Inc dba Knowledge is Power Program Inc

Organization Overview

KIPP Inc dba Knowledge is Power Program Inc is located in Houston, TX. As of 06/2018, KIPP Inc dba Knowledge is Power Program Inc employed 2,286 individuals. KIPP Inc dba Knowledge is Power Program 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 06/2018, KIPP Inc dba Knowledge is Power Program Inc generated $168.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $166.9m during the year ending 06/2018. While expenses have increased by 7.8% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

KIPP HOUSTON SERVES EARLY CHILDHOOD/ELEMENTARY, MIDDLE SCHOOL, AND HIGH SCHOOL STUDENTS WITH A SPECIAL FOCUS ON COLLEGE READINESS THROUGH ACADEMIC AND CHARACTER DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

KIPP HOUSTON'S MISSION: TO BUILD A BETTER TOMORROW, WE EDUCATE OUR STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS NECESSARY TO THRIVE IN COLLEGE AND LEAD CHOICE-FILLED LIVES. KIPP BEGAN IN 1994 WITH A POWERFUL IDEA: TO CREATE A CLASSROOM THAT HELPED CHILDREN DEVELOP THE KNOWLEDGE, SKILLS, CHARACTER, AND HABITS NECESSARY TO SUCCEED IN COLLEGE AND BUILD A BETTER TOMORROW FOR THEIR COMMUNITIES. FOUNDERS MIKE FEINBERG AND DAVE LEVIN BEGAN BY REDEFINING WHAT WAS POSSIBLE FOR A CLASSROOM OF PUBLIC SCHOOL STUDENTS IN HOUSTON. ESSENTIAL TO CREATING A GREAT SYSTEM OF SCHOOLS IS HAVING OUR EYES ON THE SAME GOAL: COLLEGE GRADUATION. AT KIPP HOUSTON, TEACHERS, LEADERS, STUDENTS, AND PARENTS ARE ALL UNITED AROUND THIS GOAL. BY PROVIDING OUTSTANDING EDUCATORS, MORE TIME IN SCHOOL LEARNING, AND A STRONG CULTURE OF ACHIEVEMENT, KIPP HOUSTON IS HELPING STUDENTS BUILD THE SKILLS NEEDED TO MAKE IT NOT ONLY TO, BUT THROUGH, COLLEGE. DURING THE 2017-18 SCHOOL YEAR, APPROXIMATELY 13,600 STUDENTS WERE ENROLLED IN GRADES PRE-KINDERGARTEN THROUGH 12TH GRADE. KIPP HOUSTON OPERATED 10 PRIMARY SCHOOLS, 12 MIDDLE SCHOOLS AND 4 HIGH SCHOOLS. THE STUDENTS THAT KIPP HOUSTON SERVES ARE PREDOMINANTLY MINORITIES WITH 62% IDENTIFIED AS HISPANIC, 33% AS AFRICAN-AMERICAN, 1% AS CAUCASIAN, 1% AS AMERICAN INDIAN OR ALASKAN NATIVE, AND 3% AS ASIAN. THE SCHOOL DAY BEGINS AT 7:25 A.M. AND ENDS AT 4:15. ON FRIDAYS, THE SCHOOL DAY BEGINS AT 7:25 A.M. AND ENDS AT 3:00. ALL KIPP STUDENTS, PARENTS, AND TEACHERS SIGN A COMMITMENT TO EXCELLENCE PLEDGE IN WHICH THEY COMMIT TO DO WHATEVER IT TAKES FOR THEMSELVES AND THEIR TEAMMATES TO LEARN AND PREPARE FOR COLLEGE. FROM DAY ONE IN OUR SCHOOLS, COLLEGE IS THE FOCUS; COLLEGE BANNERS LINE THE SCHOOL HALLWAYS AND CLASSES ARE IDENTIFIED BY THE YEAR THOSE KIPP STUDENTS ARE PROJECTED TO GO TO COLLEGE. KIPP HOUSTON'S ULTIMATE GOAL IS TO RAISE THE COLLEGE GRADUATION RATE FOR KIPPSTERS TO 82%. WE ARE COMMITTED TO DOING WHATEVER IT TAKES TO ADDRESS THE ACHIEVEMENT GAP BETWEEN OUR NATION'S LOW AND HIGH INCOME STUDENTS. ALTHOUGH 91% OF KIPPSTERS COME FROM ECONOMICALLY DISADVANTAGED FAMILIES, 96% OF KIPP HOUSTON STUDENTS GRADUATE FROM HIGH SCHOOL; AND 85% HAVE MATRICULATED TO A HIGHER EDUCATION INSTITUTION. TRACKING FROM THE EIGHTH GRADE, NEARLY 50% OF ALUMNI HAVE GRADUATED FROM COLLEGE AND ANOTHER 10% ARE STILL PERSISTING. THIS COLLEGE GRADUATION RATE IS MORE THAN FIVE TIMES THE GRADUATION RATE OF COMPARABLE LOW-INCOME STUDENTS ACROSS THE UNITED STATES.


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Board, Officers & Key Employees

Name (title)Compensation
Sehba Ali
Super/ceo
$274,845
Mike Feinberg
Vc Chr 2/22/18
$266,280
Laurie A Bieber
Head Of School
$202,083
Daphane Carter
Chief Academic Officer
$195,617
Eric Kot
COO
$192,342
Daniel Caesar
Superintendent
$172,440

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sodexo Inc & Affiliates
Student Meals
$7,937,368
Firstgroup America
Student Transport
$5,712,114
Kipp Foundation
Travel & Subsistence
$1,272,580
Linbeck Group Llc
Construct Services
$1,234,804
Abm Janitorial
Janitorial Services
$1,218,452
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,284,443
Related organizations$0
Government grants $147,964,630
All other contributions, gifts, grants, and similar amounts not included above$11,715,092
Noncash contributions included in lines 1a–1f $46,667
Total Revenue from Contributions, Gifts, Grants & Similar$160,964,165
Total Program Service Revenue$7,289,730
Investment income $58,596
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $158,987
Net Gain/Loss on Asset Sales -$536
Net Income from Fundraising Events -$73,211
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $168,397,731

Grants Recieved

Over the last fiscal year, we have identified 1 grants that KIPP Inc dba Knowledge is Power Program Inc has recieved totaling $10,784,792.

Awarding OrganizationAmount
Kipp Foundation

San Francisco, CA

PURPOSE: NEW SCHOOL START-UP; COVID-19 EMERGENCY; GPA & ADVANCE PLACEMENT; POSTSECONDARY TRANSFER & REENROLLMENT, CAREER, MATCH, AND NUDGE; ANNIVERSARY SCHOLARSHIP; DIRECTOR OF LEADERSHIP DEVELOPMENT

$10,784,792
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$614,256
Earnings$88,417
Grants$18,268
Ending Balance$684,405

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