Kipp Minnesota
- Assets
- $9.5m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 145
- Location
- Minneapolis, MN
- Founding
- 04/2009
- Data as of
- 06/2021
- EIN
- 20-8877750
Organization Overview
Kipp Minnesota is located in Minneapolis, MN. The organization was established in 2009. 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 Minnesota employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Minnesota 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 Minnesota generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $12.9m during the year ending 06/2021. While expenses have increased by 15.6% 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP MINNESOTA IS DEDICATED TO WORKING WITH FAMILIES AND COMMUNITIES TO BUILD EXCELLENT SCHOOLS AND PREPARE OUR STUDENTS TO PURSUE THE PATH THEY CHOOSE - COLLEGE, CAREER, AND BEYOND - SO THEY CAN BUILD FULFILLING LIVES AND A MORE JUST WORLD. AVERAGE DAILY ENROLLMENT FOR THE YEAR ENDED JUNE 30, 2021 WAS 657 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Gallt Chief Operating Officer | 40 | $130,825 | |
Kathryn Antelo Head Of Schools | 40 | $124,116 | |
Sarah Beraki VP Of Inclusion, Equity, & Alumni Programs | 40 | $117,483 | |
Stephanie Millar Former Member/director | 40 | $103,550 | |
Alexander Wepsala Upper School Successor Leader | 40 | $103,525 | |
Nicole Boardman Executive Director (thru 6/30/20) | Officer | 40 | $73,673 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monarch Bus Service Inc Student Transportation | 6/29/21 | $701,439 |
Wordplay Speech & Language Student Speech Services | 6/29/21 | $102,375 |
Done Right Food Services Inc Food Service | 6/29/21 | $266,691 |
Rainbow Taxi Corporation Student Transportation | 6/29/21 | $265,567 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $53,000 |
| Related organizations | $0 |
| Government grants | $13,555,083 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,075,549 |
| Noncash contributions included in lines 1a–1f | $62,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,683,632 |
| Total Program Service Revenue | $9,036 |
| Investment income | $3,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,219 |
| Net Income from Fundraising Events | -$21,728 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,681,951 |
| 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. | $323,404 |
| Compensation of current officers, directors, key employees. | $137,730 |
| Compensation to disqualified persons | $166,685 |
| Other salaries and wages | $6,380,841 |
| Pension plan accruals and contributions | $499,801 |
| Other employee benefits | $483,839 |
| Payroll taxes | $530,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,984 |
| Fees for services: Accounting | $109,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $706,859 |
| Advertising and promotion | $0 |
| Office expenses | $184,868 |
| Information technology | $580,179 |
| Royalties | $0 |
| Occupancy | $1,257,740 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,290 |
| Interest | $23,028 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,524 |
| Insurance | $52,248 |
| All other expenses | $152,863 |
| Total functional expenses | $12,914,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,906 |
| Savings and temporary cash investments | $2,454,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,253,441 |
| 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 | $56,258 |
| Net Land, buildings, and equipment | $164,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,277,320 |
| Total assets | $9,470,276 |
| Accounts payable and accrued expenses | $1,286,355 |
| Grants payable | $0 |
| Deferred revenue | $75,930 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $700,000 |
| Other liabilities | $9,145,717 |
| Total liabilities | $11,208,002 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,902,393 |
| Paid-in or capital surplus, or land, building, or equipment fund | $164,667 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,470,276 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Kipp Minnesota has recieved totaling $936,696.
| Awarding Organization | Amount |
|---|---|
Kipp Foundation San Francisco, CA PURPOSE: MENTAL-HEALTH & HEALING; REMOTE/ONLINE LEARNING; EARLY LITERACY; NEW SCHOOL START-UP | $667,680 |
Wem Foundation Minneapolis, MN PURPOSE: GENERAL | $75,000 |
Ecmc Foundation Minneapolis, MN PURPOSE: General Support | $30,000 |
The Richard M Schulze Family Foundation Minneapolis, MN PURPOSE: HUMAN SERVICES | $30,000 |
Sauer Family Foundation St Paul, MN PURPOSE: BUILDING EDUCATIONAL SUCCESS | $27,400 |
General Mills Foundation Minneapolis, MN PURPOSE: OPERATING SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $9,250 |
| Ending Balance | $9,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hmong Academy St Paul, MN | $37,890,238 | $35,478,590 |
Carmen High School Of Science And Technology Inc Milwaukee, WI | $26,487,634 | $24,006,774 |
Lionsgate Academy Minnetonka, MN | $8,728,304 | $20,147,818 |
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |