Kipp Indianapolis Inc
- Assets
- $21.2m
- Revenue
- $28.3m
- Investments
- $0.0
- Employees
- 238
- Location
- Indianapolis, IN
- Founding
- 05/2003
- Data as of
- 06/2024
- EIN
- 30-0145826
Organization Overview
Kipp Indianapolis Inc is located in Indianapolis, IN. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, Kipp Indianapolis Inc employed 238 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Indianapolis 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 06/2024, Kipp Indianapolis Inc generated $28.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $26.5m during the year ending 06/2024. While expenses have increased by 17.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
KIPP INDIANAPOLIS, INC. (KIPP INDY) IS A NETWORK OF TUITION-FREE, OPEN-ENROLLMENT, COLLEGE PREPARATORY, PUBLIC CHARTER SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMIC PROGRAM OF THE SCHOOLS IS DESIGNED TO CHALLENGE EVERY STUDENT TO ACHIEVE ON OR ABOVE GRADE LEVEL PERFORMANCE IN ALL ACADEMIC SUBJECTS. WHILE STUDENTS MAY ENTER THE SCHOOLS BELOW GRADE LEVEL IN MANY AREAS, THE SCHOOLS ARE PREPARED FOR THE CHALLENGE OF EQUIPPING STUDENTS WITH THE KNOWLEDGE, SKILLS, AND HABITS NECESSARY FOR SUCCESS IN AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY HIGH SCHOOL. THE SCHOOLS' CURRICULUMS ARE BASED UPON THE INDIANA ACADEMIC STANDARDS AND ARE TAUGHT RIGOROUSLY TO ENSURE THAT STUDENTS ARE PREPARED FOR A COLLEGE PREPARATORY HIGH SCHOOL UPON COMPLETION OF THE 8TH GRADE. THE SCHOOLS PROVIDE AN AGE-APPROPRIATE CURRICULUM FOR READING, LANGUAGE ARTS, MATH, SCIENCE, AND SOCIAL STUDIES AT EACH GRADE LEVEL AND ALL STUDENTS ARE ENROLLED IN PHYSICAL EDUCATION. TEACHERS ALSO LEAD AN ADVISORY ROLE, WHICH CONSISTS OF INSTRUCTION IN THE VALUES, LIFE SKILLS, AND STUDY SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Addison Simpson Board Member | Trustee | 1 | $0 |
Andra Liepa Board Member | Trustee | 1 | $0 |
Barato Britt Board Member | Trustee | 1 | $0 |
Brian Garrison Board Member | Trustee | 1 | $0 |
David Rosenberg Board Member | Trustee | 1 | $0 |
Jim Keller Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bilingual Bridges Instruction Services | 6/29/24 | $317,179 |
College Tutors Of Indiana Tutoring Services | 6/29/24 | $304,440 |
Meritworks Partners Llc Technology Services & Equipment | 6/29/24 | $257,963 |
Skybound Education Administrative Professional Services | 6/29/24 | $211,000 |
Milestone Accounting & Bookkeeping Servi Accounting Services | 6/29/24 | $154,388 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,722,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,093,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,816,591 |
| Total Program Service Revenue | $21,654 |
| Investment income | $128,404 |
| 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 | $28,293,281 |
| 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. | $207,100 |
| Compensation of current officers, directors, key employees. | $95,787 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,426,923 |
| Pension plan accruals and contributions | $911,962 |
| Other employee benefits | $1,564,662 |
| Payroll taxes | $990,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,991 |
| Fees for services: Accounting | $217,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,044,685 |
| Advertising and promotion | $126,941 |
| Office expenses | $0 |
| Information technology | $377,431 |
| Royalties | $0 |
| Occupancy | $87,538 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $555,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,175,176 |
| Insurance | $98,073 |
| All other expenses | $858,130 |
| Total functional expenses | $26,497,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,193,209 |
| Savings and temporary cash investments | $1,174,545 |
| Pledges and grants receivable | $372,582 |
| Accounts receivable, net | $156,943 |
| 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 | $102,601 |
| Net Land, buildings, and equipment | $12,041,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,608 |
| Total assets | $21,214,730 |
| Accounts payable and accrued expenses | $1,878,364 |
| Grants payable | $0 |
| Deferred revenue | $148,734 |
| 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 | $11,381,726 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $174,011 |
| Total liabilities | $13,582,835 |
| Net assets without donor restrictions | $6,472,004 |
| Net assets with donor restrictions | $1,159,891 |
| 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 | $21,214,730 |