Kipp New Orleans Inc
- Assets
- $40.7m
- Revenue
- $82.3m
- Investments
- $0.0
- Employees
- 1,085
- Location
- New Orleans, LA
- Founding
- 03/2006
- Data as of
- 06/2021
- EIN
- 20-2277213
Organization Overview
Kipp New Orleans Inc is located in New Orleans, LA. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Kipp New Orleans Inc employed 1,085 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp New Orleans 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 New Orleans Inc generated $82.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $80.6m during the year ending 06/2021. While expenses have increased by 7.8% 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 NEW ORLEANS SCHOOLS EMPOWERS STUDENTS WITH THE KNOWLEDGE, SKILLS AND CHARACTER TRAITS NECESSARY TO SUCCEED IN COLLEGE AND IN LIFE BY OPERATING AN INFLUENTIAL NETWORK OF FREE, NONDISCRIMINATORY, OPEN-ENROLLMENT, COLLEGE PREP PUBLIC SCHOOLS COMMITTED TO SERVING ALL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP NEW ORLEANS SCHOOLS IS A NETWORK OF FREE, NONDISCRIMINATORY, OPEN-ENROLLMENT, COLLEGE PREPARATORY PUBLIC SCHOOLS THAT LEADS THE CHANGE AND PROVES THE POSSIBLE IN PUBLIC EDUCATION IN NEW ORLEANS. KIPP NEW ORLEANS SCHOOLS CURRENTLY OPERATES THIRTEEN PUBLIC CHARTER SCHOOLS, WHICH ARE UNDER SEVEN CHARTERS, UNDER ORLEANS PARISH SCHOOL BOARD. THEY SERVE APPROXIMATELY 6,100 STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda Kalifey-Aluise Chief Executive Officer | Officer | 40 | $200,298 |
Todd Purvis Chief Academics Officer | Officer | 40 | $163,531 |
Kathryn Walmsley Chief Financial Officer | Officer | 40 | $155,866 |
Octave Laroche Chief Strategy Officer | Officer | 40 | $155,751 |
Elizabeth Masten Chief Operating Officer | Officer | 40 | $140,277 |
Chris Bostock Managing Director | 40 | $127,866 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Dining Services Food Provider | 6/29/21 | $1,448,286 |
Hammonds Transportation Bus Transportation | 6/29/21 | $1,048,868 |
First Klass Enterprises Llc Cleaning Services | 6/29/21 | $983,810 |
Bdf Elementary School Facility Management | 6/29/21 | $1,342,500 |
A&s Transportation Inc Bus Transportation | 6/29/21 | $2,067,022 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,092,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,264,611 |
| Noncash contributions included in lines 1a–1f | $125,869 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,357,533 |
| Total Program Service Revenue | $437,240 |
| Investment income | $70,711 |
| 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 | $82,308,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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. | $1,538,224 |
| Compensation of current officers, directors, key employees. | $536,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,659,102 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,329,483 |
| Payroll taxes | $3,268,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,872,830 |
| Advertising and promotion | $119,608 |
| Office expenses | $1,808,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,386,606 |
| Travel | $21,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,008 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $381,580 |
| Insurance | $1,371,004 |
| All other expenses | $0 |
| Total functional expenses | $80,597,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,580,984 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,790,374 |
| Accounts receivable, net | $183,028 |
| 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 | $0 |
| Net Land, buildings, and equipment | $929,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $223,949 |
| Total assets | $40,708,301 |
| Accounts payable and accrued expenses | $3,173,006 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $373,058 |
| Total liabilities | $13,546,064 |
| Net assets without donor restrictions | $26,816,511 |
| Net assets with donor restrictions | $345,726 |
| 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 | $40,708,301 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Kipp New Orleans Inc has recieved totaling $1,944,512.
| Awarding Organization | Amount |
|---|---|
Kipp Foundation San Francisco, CA PURPOSE: NEW SCHOOL START-UP; POSTSECONDARY MATCH AND TRANSFER & REENROLLMENT; GPA, ADVANCED PLACEMENT AND DATA INFRASTRUCTURE; MENTAL-HEALTH & HEALING; EARLY LITERACY; ANNIVERSARY SCHOLARSHIP | $1,768,238 |
Goldring Family Foundation Metairie, LA PURPOSE: EDUCATION | $50,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $48,632 |
Youth Force Nola New Orleans, LA PURPOSE: CAREER-CONNECTED LEARNING | $42,427 |
Pro Bono Publico Foundation New Orleans, LA PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $215 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverwalk Education Foundation Inc Leon Valley, TX | $396,093,988 | $109,250,212 |
Kipp New Orleans Inc New Orleans, LA | $40,708,301 | $82,308,367 |
Jubilee Academic Center Inc San Antonio, TX | $137,938,000 | $77,234,033 |
Collegiate Academies New Orleans, LA | $15,386,568 | $45,139,366 |
Renew-Reinventing Education New Orleans, LA | $11,254,190 | $34,978,044 |
Foundation For Louisiana Students Baton Rouge, LA | $21,702,876 | $38,265,312 |
East Texas Advanced Academies Longview, TX | $2,379,457 | $32,700,344 |
Basis Texas Charter Schools Inc San Antonio, TX | $92,451,409 | $31,933,223 |
Discovery Health Sciences Foundation Inc Kenner, LA | $11,194,982 | $30,168,997 |
Arkansas Virtual Academy Little Rock, AR | $3,075,159 | $27,721,037 |
Algiers Charter School Association Inc New Orleans, LA | $11,545,116 | $21,416,188 |
Einstein Group New Orleans, LA | $9,740,028 | $21,533,973 |