Friends Of Kipp New Orleans Inc is located in New Orleans, LA. The organization was established in 2018. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Kipp New Orleans Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT AND SUPPORT KIPP NEW ORLEANS, INC., AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS RAISED AND CONTRIBUTIONS RECEIVED DIRECTLY IMPACT THE LIVES OF MORE THAN 6,000 KIPPSTERS ACROSS 13 SCHOOLS AT KIPP NEW ORLEANS, INC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Drew Marsh Director, Chairman | OfficerTrustee | 1 | $0 |
Larry Washington Director, Vice President | OfficerTrustee | 1 | $0 |
Lamar G Villere Director, Treasurer | OfficerTrustee | 1 | $0 |
Rhonda Kalifey-Aluise President | OfficerTrustee | 1 | $0 |
Katie Walmsley Secretary | OfficerTrustee | 1 | $0 |
Keith Miller Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $401,000 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $380,000 |
All other contributions, gifts, grants, and similar amounts not included above | $13,781 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $794,781 |
Total Program Service Revenue | $0 |
Investment income | $948,366 |
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 | $1,743,147 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $413,508 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $525 |
Fees for services: Accounting | $12,320 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $450,168 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $72 |
Total functional expenses | $876,593 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $492,438 |
Savings and temporary cash investments | $776,740 |
Pledges and grants receivable | $185,110 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $15,063,960 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $16,518,248 |
Accounts payable and accrued expenses | $358,871 |
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 | $9,486,121 |
Other liabilities | $0 |
Total liabilities | $9,844,992 |
Net assets without donor restrictions | $6,573,256 |
Net assets with donor restrictions | $100,000 |
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 | $16,518,248 |
Over the last fiscal year, we have identified 2 grants that Friends Of Kipp New Orleans Inc has recieved totaling $29,000.
Awarding Organization | Amount |
---|---|
Charter Fund Inc Broomfield, CO PURPOSE: EMERGENCY RELIEF | $25,000 |
Sperling Family Charitable Foundation Birmingham, AL PURPOSE: GENERAL OPERATING | $4,000 |
Organization Name | Assets | Revenue |
---|---|---|
Little Scholars Of Arkansas Foundation Little Rock, AR | $55,916,312 | $35,033,452 |
University Co-Operative Society Austin, TX | $15,693,237 | $9,178,990 |
Louisiana Achievement Charter Academies Inc Baton Rouge, LA | $3,478,598 | $15,099,695 |
New Schools For New Orleans Inc New Orleans, LA | $13,416,454 | $13,527,972 |
Texas Childrens Womens Specialists Houston, TX | $84,810,627 | $8,522,353 |
Child Care Plus Training & Development Center Inc Montgomery, TX | $1,071,793 | $6,895,362 |
University Of Mississippi Educational Building Corporation University, MS | $221,725,565 | $5,871,749 |
Unizin Ltd Austin, TX | $2,802,799 | $4,764,216 |
Sss Education Foundation Mesquite, TX | $79,366,180 | $3,445,001 |
Carruth Center Inc Houston, TX | $315,119 | $4,215,286 |
E-Stem Public Charter Schools Inc Little Rock, AR | $15,935,823 | $3,314,304 |
Mississippi State University Research And Technology Corp Mississippi State, MS | $38,851,102 | $3,819,155 |