Kipp Chicago Schools
- Assets
- $9.2m
- Revenue
- $46.4m
- Investments
- $0.0
- Employees
- 492
- Location
- Chicago, IL
- Founding
- 07/2004
- Data as of
- 06/2022
- EIN
- 30-0135927
Organization Overview
Kipp Chicago Schools is located in Chicago, IL. The organization was established in 2004. 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 Chicago Schools employed 492 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Chicago Schools 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 Chicago Schools generated $46.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $46.6m during the year ending 06/2022. While expenses have increased by 16.4% 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
THE TEAM AT KIPP CHICAGO SCHOOLS IS GUIDED BY A SIMPLE, YET POWERFUL MISSION: TO CREATE A NETWORK OF EXCELLENT SCHOOLS IN CHICAGO THAT TEACH OUR STUDENTS THE CHARACTER AND ACADEMIC SKILLS NECESSARY TO SUCCEED IN COLLEGE AND BEYOND, AND TO INSTILL IN THEM A DESIRE TO HELP CHANGE THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP CHICAGO SCHOOLS IS A NETWORK OF FREE, OPEN-ENROLLMENT PUBLIC CHARTER SCHOOLS OFFERING A COLLEGE PREPARATORY EDUCATION TO STUDENTS FROM CHICAGO'S MOST UNDERSERVED COMMUNITIES. TODAY, KIPP CHICAGO SCHOOLS SERVES APPROXIMATELY 3,300 STUDENTS AT FOUR PRIMARY AND FOUR MIDDLE SCHOOLS IN THE AUSTIN, ENGLEWOOD, HUMBOLDT PARK, AND NORTH LAWNDALE COMMUNITIES. KIPP CHICAGO SCHOOLS ALSO SUPPORTS OVER 1,000 KIPP ALUMNI THROUGH ITS KIPP THROUGH COLLEGE PROGRAM. FAR SURPASSING LOCAL NORMS, 91% OF ALUMNI HAVE COMPLETED HIGH SCHOOL AND 81% HAVE MATRICULATED TO COLLEGE. KIPP ASPIRES TO GROW ITS IMPACT IN CHICAGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Montgomery Goble Executive Director | OfficerTrustee | 40 | $227,982 |
Amy Pouba Superintendent | 40 | $194,920 | |
Milton Rodriguez VP Of Growth Strategy & Development | 40 | $189,158 | |
Michael Salmonowicz VP Of Operations | Officer | 40 | $169,148 |
Candace Rogers Superintendent | 40 | $178,659 | |
William Warden School Leader Manager | 40 | $171,084 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Futures Healthcare Llc Consulting Services | 6/29/22 | $281,127 |
Cumberland Therapy Services Llc Therapy Services | 6/29/22 | $236,633 |
The Stepping Stones Group Llc Therapy Services | 6/29/22 | $114,081 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,886,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,256,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,142,733 |
| Total Program Service Revenue | $96,818 |
| Investment income | $60,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,907 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,386,197 |
| 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. | $460,351 |
| Compensation of current officers, directors, key employees. | $58,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,265,249 |
| Pension plan accruals and contributions | $2,975,493 |
| Other employee benefits | $2,065,212 |
| Payroll taxes | $1,159,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,526 |
| Fees for services: Accounting | $59,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,601,711 |
| Advertising and promotion | $76,428 |
| Office expenses | $1,063,410 |
| Information technology | $200,743 |
| Royalties | $240,000 |
| Occupancy | $3,485,204 |
| Travel | $7,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,518 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,870 |
| Insurance | $122,725 |
| All other expenses | $32,209 |
| Total functional expenses | $46,586,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,663 |
| Savings and temporary cash investments | $1,992,303 |
| Pledges and grants receivable | $4,444,703 |
| Accounts receivable, net | $22,815 |
| 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 | $59,271 |
| Net Land, buildings, and equipment | $397,388 |
| Investments—publicly traded securities | $2,139,223 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,000 |
| Total assets | $9,199,366 |
| Accounts payable and accrued expenses | $2,641,224 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,641,224 |
| Net assets without donor restrictions | $5,302,354 |
| Net assets with donor restrictions | $1,255,788 |
| 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 | $9,199,366 |