Kipp Nashville
- Assets
- $167.9m
- Revenue
- $64.3m
- Investments
- $47.5m
- Employees
- 601
- Location
- Nashville, TN
- Founding
- 02/2006
- Data as of
- 06/2023
- EIN
- 20-2799123
Organization Overview
Kipp Nashville is located in Nashville, TN. 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 06/2023, Kipp Nashville employed 601 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Nashville 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 06/2023, Kipp Nashville generated $64.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $55.3m during the year ending 06/2023. While expenses have increased by 19.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVE EDUCATIONALLY UNDERSERVED STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP NASHVILLE BEGAN 19 YEARS AGO WITH A VISION TO ESTABLISH SCHOOLS IN WHICH EVERY CHILD GROWS UP FREE TO CREATE THE FUTURE THEY WANT FOR THEMSELVES AND THEIR COMMUNITIES. THE NETWORK NOW OPERATES EIGHT FREE PUBLIC CHARTER SCHOOLS IN NASHVILLE SERVING MORE THAN 3,300 STUDENTS IN GRADES K-12. OVER THE PAST TWO DECADES, KIPP NASHVILLE HAS DEMONSTRATED THAT CHILDREN FROM HISTORICALLY UNDERSERVED COMMUNITIES CAN EXCEL ACADEMICALLY. SEVERAL OF OUR SCHOOLS HAVE BEEN RECOGNIZED AS A REWARD SCHOOL FOR STUDENT GROWTH AND OUR HIGH SCHOOL GRADUATION RATE IS 100%. ALSO, KIPP ALUMNI ARE ON TRACK TO GRADUATE COLLEGE AT TWICE THE RATE OF THEIR PEERS. WE CONTINUE TO WORK DILIGENTLY TO SERVE OUR STUDENTS AS WE PREPARE TO OPEN TWO NEW SCHOOLS DURING THE NEXT TWO YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Mcgruder Board Member | Trustee | 2 | $0 |
J Andrew Goddard Board Member | Trustee | 2 | $0 |
Camiqueka Fuller Board Member | Trustee | 2 | $0 |
Elizabeth Dennis Board Member | Trustee | 2 | $0 |
Karl Dean Board Member | Trustee | 2 | $0 |
Tom Wylly Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Project Play Therapy Student Therapy Services | 6/29/23 | $711,553 |
Enable Resource Group Student Services | 6/29/23 | $325,975 |
Assigned To Shine Cleaning Services Cleaning Services | 6/29/23 | $291,882 |
Enriched Schools Student Services | 6/29/23 | $168,135 |
Thrive Tutoring Llc Tutoring Services | 6/29/23 | $141,413 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $367,930 |
| Related organizations | $0 |
| Government grants | $57,086,880 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,419,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,873,901 |
| Total Program Service Revenue | $0 |
| Investment income | $1,159,735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$76,326 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,308,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $749,644 |
| Compensation of current officers, directors, key employees. | $187,411 |
| Compensation to disqualified persons | $26,537,054 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $1,774,557 |
| Other employee benefits | $2,486,672 |
| Payroll taxes | $2,598,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,133,594 |
| Fees for services: Accounting | $201,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,197,854 |
| Advertising and promotion | $0 |
| Office expenses | $1,435,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,257,518 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,993,990 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,145,165 |
| Insurance | $0 |
| All other expenses | $621,179 |
| Total functional expenses | $55,342,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,502,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,669,492 |
| Accounts receivable, net | $285,413 |
| 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 | $4,707,838 |
| Net Land, buildings, and equipment | $54,181,604 |
| Investments—publicly traded securities | $292,935 |
| Investments—other securities | $47,459,627 |
| Investments—program-related | $0 |
| Intangible assets | $4,167,240 |
| Other assets | $12,681,820 |
| Total assets | $167,948,627 |
| Accounts payable and accrued expenses | $3,422,654 |
| Grants payable | $0 |
| Deferred revenue | $200,000 |
| 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 | $100,825,098 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,754,537 |
| Total liabilities | $111,202,289 |
| Net assets without donor restrictions | $53,980,308 |
| Net assets with donor restrictions | $2,766,030 |
| 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 | $167,948,627 |