Kipp Minnesota
- Assets
- $10.3m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 203
- Location
- Minneapolis, MN
- Founding
- 04/2009
- Data as of
- 06/2022
- 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 06/2022, Kipp Minnesota employed 203 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 06/2022, Kipp Minnesota generated $14.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $13.9m during the year ending 06/2022. While expenses have increased by 14.5% per year over the past 7 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
2022
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, 2022 WAS 563 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shana Ford Executive Director | Officer | 40 | $160,951 |
Israel Moses Head Of Schools | 40 | $137,866 | |
Kathryn Mazurek Director Of Academic Systems & Special Projects | 40 | $117,307 | |
Sarah Beraki VP Of Inclusion, Equity, & | 40 | $118,457 | |
Rebecca Gallt VP Of Finance And Operations | 40 | $117,306 | |
Crystal Batiste School Principal | 40 | $105,024 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
4mativ Technologies Inc Student Transportation | 6/29/22 | $671,600 |
Monarch Bus Service Inc Student Transportation | 6/29/22 | $350,588 |
Done Right Food Services Inc Food Service | 6/29/22 | $251,807 |
Wordplay Speech & Language Student Speech Services | 6/29/22 | $144,760 |
Coverall Of The Twin Cities Janitorial Services | 6/29/22 | $120,253 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,332,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $898,607 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,230,910 |
| Total Program Service Revenue | $51,674 |
| Investment income | $929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,084 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$8,919 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,321,028 |
| 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. | $258,198 |
| Compensation of current officers, directors, key employees. | $200,132 |
| Compensation to disqualified persons | $42,826 |
| Other salaries and wages | $6,491,682 |
| Pension plan accruals and contributions | $506,711 |
| Other employee benefits | $495,055 |
| Payroll taxes | $536,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,639 |
| Fees for services: Accounting | $120,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $941,366 |
| Advertising and promotion | $0 |
| Office expenses | $294,120 |
| Information technology | $368,494 |
| Royalties | $0 |
| Occupancy | $1,074,892 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,183 |
| Interest | $53,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $333,606 |
| Insurance | $55,574 |
| All other expenses | $131,020 |
| Total functional expenses | $13,914,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,821 |
| Savings and temporary cash investments | $2,792,514 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,324,934 |
| 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 | $119,860 |
| Net Land, buildings, and equipment | $185,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,666,673 |
| Total assets | $10,327,561 |
| Accounts payable and accrued expenses | $1,146,802 |
| Grants payable | $0 |
| Deferred revenue | $384,240 |
| 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 | $600,000 |
| Other liabilities | $11,091,913 |
| Total liabilities | $13,222,955 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$2,725,487 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$169,907 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,327,561 |