Kipp Charlotte Inc
- Assets
- $16.6m
- Revenue
- $20.4m
- Investments
- $0.0
- Employees
- 104
- Location
- Charlotte, NC
- Founding
- 05/2008
- Data as of
- 06/2021
- EIN
- 20-5664061
Organization Overview
Kipp Charlotte Inc is located in Charlotte, NC. The organization was established in 2008. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Kipp Charlotte Inc employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Charlotte 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 Charlotte Inc generated $20.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $10.2m during the year ending 06/2021. While expenses have increased by 18.2% 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
OPERATE A PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE CHILDREN THAT ATTEND THE CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Flowers Washington Executive Director | OfficerTrustee | 40 | $111,947 |
Christian Drake Operations Manager | OfficerTrustee | 40 | $106,672 |
Becky Winkler Chair | OfficerTrustee | 2 | $0 |
Lisa Mcmillan Secretary | OfficerTrustee | 2 | $0 |
Matt Bohlen Member | OfficerTrustee | 2 | $0 |
Dinesh Chopra Chair Elect | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,242,896 |
| All other contributions, gifts, grants, and similar amounts not included above | $921,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,163,959 |
| Total Program Service Revenue | $58,587 |
| Investment income | $0 |
| 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 | $20,360,204 |
| 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. | $218,619 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,095,955 |
| Pension plan accruals and contributions | $1,708,632 |
| Other employee benefits | $649,277 |
| Payroll taxes | $342,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $597,781 |
| Fees for services: Accounting | $13,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,882 |
| Office expenses | $233,915 |
| Information technology | $106,236 |
| Royalties | $0 |
| Occupancy | $272,526 |
| Travel | $985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,146 |
| Interest | $439,505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,847 |
| Insurance | $47,982 |
| All other expenses | $392,043 |
| Total functional expenses | $10,209,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,674,722 |
| Savings and temporary cash investments | $1,066,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $328,516 |
| 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 | $34,024 |
| Net Land, buildings, and equipment | $11,454,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,558,259 |
| Accounts payable and accrued expenses | $133,270 |
| 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 | $13,711,604 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,844,874 |
| Net assets without donor restrictions | $3,828,208 |
| Net assets with donor restrictions | -$1,114,823 |
| 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 | $16,558,259 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Kipp Charlotte Inc has recieved totaling $204,202.
| Awarding Organization | Amount |
|---|---|
The Merancas Foundation Inc Charlotte, NC PURPOSE: CHARTER SCHOOL FOR UNDERSERVED | $200,000 |
Gad And Marlene Janay Foundation Highland Beach, FL PURPOSE: SUPPORT FOR OPERATIONS | $2,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $550 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $550 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $342 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $260 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Protestant Episcopal High School In Virginia Alexandria, VA | $560,084,637 | $67,951,795 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
Woodberry Forest School Woodberry Forest, VA | $643,383,708 | $54,060,513 |
University Of Nashville Montgomery Bell Academy Nashville, TN | $303,405,415 | $41,667,135 |
Rabun Gap-Nacoochee School Rabun Gap, GA | $105,001,665 | $32,375,355 |
Tallulah Falls School Inc Tallulah Falls, GA | $76,684,503 | $23,311,796 |
Cary Academy Cary, NC | $92,134,722 | $26,213,526 |
Whitefield Academy Inc Mableton, GA | $76,378,322 | $24,777,271 |
Battle Ground Academy Of Franklin Tennessee Franklin, TN | $62,773,782 | $25,765,415 |
Riverside Military Academy Inc Gainesville, GA | $79,257,666 | $23,072,082 |
National Association Of Secondary -School Principals Reston, VA | $56,104,392 | $28,736,000 |
Asheville School Incorporated Asheville, NC | $109,072,100 | $30,624,972 |